Headquarters Of National Sales Network Of African American Sales
- Assets
- $9.0m
- Revenue
- $5.3m
- Investments
- $4.0m
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 22-3462354
Organization Overview
Headquarters Of National Sales Network Of African American Sales is located in Atlanta, GA. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Headquarters Of National Sales Network Of African American Sales employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Headquarters Of National Sales Network Of African American Sales is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Headquarters Of National Sales Network Of African American Sales generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 11.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL SALES NETWORKS MISSION IS TO EDUCATE, ENCOURAGE AND EMPOWER SALES AND SALES MANAGEMENT PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NSN CONDUCTS AN ANNUAL PROFESSIONAL CONFERENCE THAT PROVIDES WORLD CLASS SALES TRAINING AND DEVELOPMENT FOR SALES PROFESSIONALS, SALES MANAGERS AND SALES EXECUTIVES. THE 3 DAY CONFERENCE INCLUDES GENERAL SESSIONS, WORKSHOPS, SALES MANAGEMENT SESSIONS AND EXECUTIVE LEVEL SESSIONS THAT PROVIDE ADDITIONAL EDUCATION IN THE SALES PROFESSION.
CHAPTER SPONSORSHIP ALLOWS LOCAL SALES AND SALES MANAGEMENT PROFESSIONALS TO STAY ABREAST OF TRENDS BOTH NATIONALLY AND LOCALLY, AS WELL AS PROVIDE NETWORKING OPPORTUNITIES.
NSN CONDUCTS A STUDENT SALES AND MARKETING CONFERENCE THAT PREPARES STUDENTS FOR CAREERS IN SALES OR MARKETING AND ASSISTS WITH THE TRANSITION FROM THE COLLEGE CAMPUS TO THE CORPORATE CAMPUS. NSN PAYS 100% FOR THE AIR TRAVEL, HOTEL OVERNIGHT ROOMS, MEALS AND CONFERENCE REGISTRATION FOR THE NSN SCHOLARSHIP FELLOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Richardson CEO And Board Chair | OfficerTrustee | 50 | $337,003 |
Johnel Evans Board Member | Trustee | 1 | $0 |
Reggie Marable Board Member | Trustee | 1 | $0 |
Timmy Ford Board Member | Trustee | 1 | $0 |
Michelle Radney Board Member | Trustee | 1 | $0 |
Amira Richardson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,325 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,572 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,897 |
| Total Program Service Revenue | $5,164,366 |
| Investment income | $86,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,986 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,324,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $822,974 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $371,783 |
| Fees for services: Accounting | $25,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $92,016 |
| Office expenses | $29,168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,674 |
| Travel | $410,304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,303,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,063 |
| Insurance | $9,054 |
| All other expenses | $116,165 |
| Total functional expenses | $3,371,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,948,890 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,999,183 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,806 |
| Total assets | $8,952,879 |
| Accounts payable and accrued expenses | $73,710 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $73,710 |
| Net assets without donor restrictions | $8,879,169 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,952,879 |