African American Mayors Association Inc
- Assets
- $3.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-5593933
Organization Overview
African American Mayors Association Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. African American Mayors 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 06/2022, African American Mayors Association Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 16.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER LOCAL LEADERS FOR THE BENEFIT OF THEIR CITIZENS. THE ROLE OF THE ORGANIZATION INCLUDES TAKING POSITIONS ON PUBLIC POLICIES THAT IMPACT THE VITALITY AND SUSTAINABILTY OF CITIES; PROVIDING MAYORS WITH LEADERSHIP AND MANAGEMENT TOOLS; AND CREATING A FORUM FOR MEMBER MAYOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPOWERING LOCAL AFRICAN-AMERICAN LEADERS FOR THE BENEFIT OF THEIR CITIZENS.
DELIVERY OF EDUCATIONAL CONTENT FOCUSED ON POLICIES, PROGRAMS, AND PRACTICES THAT SUPPORT ENTREPRENEURSHIP AT THE ORGANIZATIONS ANNUAL EVENTS AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Dickerson Executive Director | OfficerTrustee | 40 | $146,392 |
Eric Adams Board Member | Trustee | 1 | $0 |
Muriel Bowser Board Member | Trustee | 1 | $0 |
Brandon Scott Board Member | Trustee | 1 | $0 |
Latoya Cantrell Board Member | Trustee | 1 | $0 |
Victoria Woodards Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $405,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,749,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,155,385 |
| Total Program Service Revenue | $177,088 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,332,473 |
| 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. | $209,132 |
| Compensation of current officers, directors, key employees. | $37,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,321 |
| Payroll taxes | $55,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174,183 |
| Advertising and promotion | $5,495 |
| Office expenses | $949 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,027 |
| Travel | $8,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $637,002 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,127 |
| Insurance | $2,253 |
| All other expenses | $28,098 |
| Total functional expenses | $1,692,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,507,750 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,300 |
| 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 | $13,333 |
| Net Land, buildings, and equipment | $2,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $53,000 |
| Other assets | $5,280 |
| Total assets | $3,675,970 |
| Accounts payable and accrued expenses | $13,802 |
| Grants payable | $0 |
| Deferred revenue | $112,500 |
| 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 | $126,302 |
| Net assets without donor restrictions | $3,549,668 |
| 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 | $3,675,970 |