Ny Tri-State Chapter Of National Association Of Minority Contractor
- Assets
- $988.7k
- Revenue
- $641.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodside, NY
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 82-2405569
Organization Overview
Ny Tri-State Chapter Of National Association Of Minority Contractor is located in Woodside, NY. The organization was established in 2017. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. NY Tri-State Chapter Of National Association Of Minority Contractor 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 12/2022, NY Tri-State Chapter Of National Association Of Minority Contractor generated $641.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $243.1k during the year ending 12/2022. 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
THE SPECIFIC PURPOSE IS TO PROVIDE ACCESS, ADVOCACY AND DEVELOPMENT FOR MEMBERS IN COLLABORATION WITH STRATEGIC ALLIANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, NY TRI-STATE HELD ITS INAUGURAL HOLIDAY GALA . THIS CHAPTER PRESENTED THE DIVERSITY AWARD TO VARIOUS RECEIPIENTS WITHIN THE CONSTRUCTION INDUSTRY FOR INDIVIDUALS THAT HAVE DEMONSTRATED INNOVATIVE AND CREATIVE STRATEGIES TO REMOVE BARRIERS FOR UNDER-REPRESENTED GROUPS THROUGH VARIOUS MEET AND GREET EVENTS. THIS INCLUDES GROUPS THAT SPPORT WOMEN, THE DISADVANTAGED AND SMALL BUSINESSES AND ALLOWED FOR INCREASED PUBLIC AND PRIVATE CONSTRUCTION CONTRACT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nayan Parikh President | OfficerTrustee | 20 | $0 |
Jennifer Jimenez Secretary | OfficerTrustee | 6 | $0 |
Stavan Shah Treasurer | OfficerTrustee | 6 | $0 |
Abner Larrieux Board Member | Trustee | 3 | $0 |
Andrew Fisher Board Member | Trustee | 3 | $0 |
Cielo Frascatore Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $146,598 |
| Fundraising events | $550,460 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $697,058 |
| Total Program Service Revenue | $0 |
| Investment income | $14,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$70,042 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $641,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,125 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,000 |
| 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 | $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 | $0 |
| Fees for services: Other | $150,900 |
| Advertising and promotion | $2,451 |
| Office expenses | $6,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,119 |
| Travel | $4,336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,545 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,205 |
| All other expenses | $1,654 |
| Total functional expenses | $243,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $525,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $445,006 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $988,707 |
| Accounts payable and accrued expenses | $0 |
| 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 | $9,980 |
| Total liabilities | $9,980 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $978,727 |
| Total liabilities and net assets/fund balances | $988,707 |