National Association Of Black Accountants Inc
- Assets
- $905.6k
- Revenue
- $221.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/1973
- Data as of
- 06/2021
- EIN
- 52-1977083
Organization Overview
National Association Of Black Accountants Inc is located in Atlanta, GA. The organization was established in 1973. 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 a subordinate organization within an affiliated group for tax-exemption purposes. National Association Of Black Accountants 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 06/2021, National Association Of Black Accountants Inc generated $221.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $143.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND DEVELOP THE PROFESSIONAL SKILLS OF OUR MEMBERS; TO ENCOURAGE AND ASSIST MINORITY STUDENTS IN ENTERING THE ACCOUNTING PROFESSION; TO PROVIDE OPPORTUNITIES FOR MEMBERS TO FULFILL THEIR CIVIC RESPONSIBILITIES; TO ENSURE LONG-TERM FINANCIAL STABILITY AND PROVIDE ADEQUATE RESOURCES TO IMPLEMENT CHAPTER, REGIONAL AND NATIONAL PROGRAMS; AND TO REPRESENT THE INTEREST OF CURRENT AND PROSPECTIVE MINORITY ACCOUNTING PROFESSIONALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO COLLEGE STUDENTS SCHOLARSHIP RECIPIENTS ARE DETERMINED AS FOLLOWS: FULL-TIME STUDENTS SUBMIT SCHOLARSHIP APPLICATIONS WHICH DETAIL THEIR ACCOMPLISHMENTS, ACTIVITIES AND GRADES; THE SCHOLARSHIP APPLICATIONS ARE EVALUATED BY A COMMITTEE OF VOLUNTEERS; EACH STUDENT'S APPLICATION IS GIVEN A SCORE BASED ON A GRADING SCALE; AND STUDENTS RECEIVING THE HIGHEST SCORE ARE AWARDED SCHOLARSHIPS BASED ON AVAILABLE SCHOLARSHIP AWARDS.
PROVIDE STUDENTS A FULL-SERVICE CONFERENCE TO INCLUDE INTERVIEW AND SCHOLARSHIP OPPORTUNITIES AS WELL AS AWARD CEREMONIES. THE CONFERENCE PROVIDES TECHNICAL SESSIONS FOR LEARNING, LEADERSHIP AND DEVELOPMENT. WE ALSO PROVIDE EXPERIENCES FOR STUDENTS TO INTERACT WITH PROFESSIONALS AND POTENTIAL EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaynitsa Paul President | Trustee | 15 | $0 |
Crystal Martin Vice President | Trustee | 5 | $0 |
Raquhel Alexander Treasurer | Trustee | 10 | $0 |
Donnieka Mccall Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,190 |
| Investment income | $14,744 |
| 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 | $221,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $75,733 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $6,455 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,575 |
| Interest | $0 |
| Payments to affiliates | $10,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $142,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,412 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,038 |
| 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 | $775 |
| Investments—publicly traded securities | $755,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $905,621 |
| Accounts payable and accrued expenses | $391 |
| Grants payable | $0 |
| Deferred revenue | $8,000 |
| 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 | $8,391 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $897,230 |