NonprofitsNational Black M B A Association Inc

Community Improvement & Capacity Building

National Black M B A Association Inc

ATLANTA, GA

Total revenue

$11.4M

Total expenses

$15.0M

Net assets

Grants received

$1.6M

9 grants

EIN

237348780

Tax year

2024

Mission

See attachment a

Programs

2 programs

Partner relations

Expenses: $1.6MGrants: $3K

Membership services - the nbmbaa is a professional membership association, and these are programs aimed at supporting our members to develop and excel in their professional journey. We provided regular seminars during the year and hosted a scaleup pitch competition to encourage and provide funding for our entrepreneurs and other initiatives driven by our local chapters. There are 34 local nbmbaa chapters and approximately 10,000 members throughout north america.

Expenses: $954KGrants: $62K

Financials

FY 2024

Revenue

Contributions & grants$1.5M
Program service revenue$9.7M
Investment income$58K
Other revenue$158K
Total revenue$11.4M

Expenses

Grants paid$249K
Salaries & benefits$3.4M
Fundraising
Other expenses$11.4M
Total expenses$15.0M
Total assets$3.9M
Net assets

People

17 listed

NameRoleCompensation

MICHAEL E HAMILTON

BOARD MEMBER

Board

2 hrs/wk

BILL BORDEN

VICE CHAIR, LEADERSHIP PROGRAMS & CHAPTER DEVELOPM

Board

2 hrs/wk

RENEE HORNE

FINANCE COMMITTEE CHAIR, TREASURER

Board

2 hrs/wk

MICHAEL MCNEIL

VICE CHAIR, ADVANCEMENT & DEVELOPMENT

Board

2 hrs/wk

CHRISTINE SIMMONS

BOARD MEMBER

Board

2 hrs/wk

DR WAYNE FREDERICK

BOARD MEMBER

Board

2 hrs/wk

JASON CAMPBELL

BOARD MEMBER

Board

2 hrs/wk

JON WALLS

BOARD MEMBER

Board

2 hrs/wk

KEVIN D WRIGHT

BOARD MEMBER

Board

2 hrs/wk

LESLIE COLEMAN

CHAIR

Board

2 hrs/wk

H BEECHER HICKS III

PRESIDENT & CEO

Staff

$335K

40 hrs/wk

ELAINE RICHARDSON

SR. DIRECTOR, CONFERENCE OPERATIONS & SPECIAL EVEN

Staff

$166K

40 hrs/wk

PAULA FONTANA

VP, STRATEGIC PROGRAMMING INITIATIVES

Staff

$155K

40 hrs/wk

TOKEA TAN MORALES

CHIEF LEARNING OFFICER

Staff

$135K

40 hrs/wk

MARSHALL NORWOOD

CHIEF FINANCIAL OFFICER

Staff

$125K

40 hrs/wk

KIANA CORNISH

CHIEF DEVELOPMENT OFFICER

Staff

$117K

40 hrs/wk

NYISHA HUNT

CHIEF OF STAFF

Staff

$103K

40 hrs/wk

Independent contractors

EVENT ADVISORY GROUP

EXHIBIT SALES MANAGEMENT SERVICES

$1.3M

ARAMARK SFS PENN CONVENTION CENTER

CONFERENCE ROOMS/CATERING

$804K

ENCORE GROUP

CONFERENCE AUDIO VISUAL

$723K

RENAISSANCE WASHINGTON DC HOTEL DBA THE

CONFERENCE ROOMS/CATERING

$209K

SHEPARD EXPOSITION SERVICES

EVENT PRODUCTION/SHOW MANAGEMENT

$199K

Grants received

Showing 9 of 9

FromAmountPurposeYear
$400K
IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES.
2022
$200K
Community Development
2022
$15K
COMMUNITY & HUMAN SERVICES
2022
$500K
IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES.
2021
$13K
Financial Assistance
2021
$11K
COMMUNITY & HUMAN SERVICES
2019

Funded by

$1.6M from 5 funders · 9 grants · 2019–2022

National Basketball Association

$900K · 2 grants · 2021–2022

American Online Giving Foundation Inc

$463K · 3 grants · 2020–2022

Silicon Valley Community Foundation

$200K · 1 grant · 2022

The Ayco Charitable Foundation

$26K · 2 grants · 2019–2022

Assurant Foundation

$13K · 1 grant · 2021

Details

EIN237348780
NTEE codeS20
Subsection03
Ruling date2013-10
Formed1970
Employees39
Volunteers10
NATIONAL BLACK M B A ASSOCIATION INC — Mission, Financials & Grants Received | Grantivo