Central New Jersey Chapter Of The National Black Mba Association Inc
- Assets
- $125.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 31-1605156
Organization Overview
Central New Jersey Chapter Of The National Black Mba Association Inc is located in Newark, NJ. The organization was established in 1998. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central New Jersey Chapter Of The National Black Mba Association Inc 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, Central New Jersey Chapter Of The National Black Mba Association Inc generated $18.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $11.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION GAINS ITS STRENGTH FROM A STRONG BELIEF IN COMMUNITY AND A COMMITMENT TO ITS DEVELOPMENT THROUGH ECONOMIC AND EDUCATIONAL DEVELOPMENT INITIATIVES THAT SUPPORT THE GLOBAL AFRICAN AMERICAN COMMUNITY. THESE INITIATIVES ARE ACHIVED THROUGH VARIOUS CHAPTER EVENTS AND PROGRAMS. THERE ARE THREE PROGRAM PILLARS: 1. EDUCATION & CAREER EXPLORATION 2. LEADERSHIP & PROFESSIONAL DEVELOPMENT 3. ECONOMIC PROSPERITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonya Ruffin President | 1 | $0 | |
John Montgomery VP Of Admins | 1 | $0 | |
Adrienne Combs VP Of Financ | 1 | $0 | |
Steven Cooper Entrepreneur | 1 | $0 | |
Robert Brock-Murray Community Re | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,741 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,238 |
| Gain or Loss | $3,021 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $575 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $177 |
| Other expenses | $10,826 |
| Total expenses | $11,578 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $125,129 |
| Other assets | $0 |
| Total assets | $125,129 |
| Total liabilities | $0 |
| Net assets or fund balances | $125,129 |