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Nonprofit · EIN 23-7348780

NATIONAL BLACK M B A ASSOCIATION INC

Tax-exempt (reinstated) · ATLANTA, GA 30308

Financials

$11.9M$12.5M2023$11.4M$15M2024
Revenue Expenses · by fiscal year end
Financials of NATIONAL BLACK M B A ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$11,445,834$14,965,820-$3,519,986$3,865,722$5,408,551-$1,542,829
December 31, 2023990$11,946,623$12,486,198-$539,575$4,991,568$3,074,671$1,916,897
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,501,333
Membership dues
$935,808
Program service revenue
$9,728,422
Investment income
$57,856
Other revenue
$158,223

Expenses

Grants and similar amounts paid
$249,249
Compensation of officers, directors and key employees
$860,917
Other salaries and wages
$1,964,882
Salaries, compensation and benefits (total)
$3,360,801
Professional fundraising fees
$0
Accounting fees
$45,777
Occupancy
$482,537
Travel
$954,019
Depreciation
$221,813
Program services (functional)
$11,992,007
Management and general (functional)
$2,973,813

Balance sheet and other

Total assets, start of year
$4,991,568
Total assets, end of year
$3,865,722
Total liabilities, end of year
$5,408,551
Net assets, end of year
-$1,542,829
Land, buildings and equipment
$1,580,075
Publicly traded securities
$662,814
Net assets without donor restrictions
-$2,167,811
Net assets with donor restrictions
$624,982
Gross receipts
$11,445,834
Employees
39
Volunteers
10
Year formed
1970
State of legal domicile
GA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
H BEECHER HICKS IIIPRESIDENT & CEO
Key employee
40$335,050
ELAINE RICHARDSONSR. DIRECTOR, CONFERENCE OPERATIONS & SPECIAL EVEN
Key employee
40$166,282
PAULA FONTANAVP, STRATEGIC PROGRAMMING INITIATIVES
Key employee
40$155,164
TOKEA TAN MORALESCHIEF LEARNING OFFICER
Highest-paid employee
40$135,459
MARSHALL NORWOODCHIEF FINANCIAL OFFICER
Highest-paid employee
40$124,636
KIANA CORNISHCHIEF DEVELOPMENT OFFICER
Highest-paid employee
40$116,924
NYISHA HUNTCHIEF OF STAFF
Highest-paid employee
40$102,652
BILL BORDENVICE CHAIR, LEADERSHIP PROGRAMS & CHAPTER DEVELOPM
Trustee or director, Officer
2$0
CHRISTINE SIMMONSBOARD MEMBER
Trustee or director
2$0
DR WAYNE FREDERICKBOARD MEMBER
Trustee or director
2$0
JASON CAMPBELLBOARD MEMBER
Trustee or director
2$0
JON WALLSBOARD MEMBER
Trustee or director
2$0
KEVIN D WRIGHTBOARD MEMBER
Trustee or director
2$0
LESLIE COLEMANCHAIR
Trustee or director, Officer
2$0
MICHAEL E HAMILTONBOARD MEMBER
Trustee or director
2$0
2 more people on this return
NameTitleHours / weekCompensation
MICHAEL MCNEILVICE CHAIR, ADVANCEMENT & DEVELOPMENT
Trustee or director, Officer
2$0
RENEE HORNEFINANCE COMMITTEE CHAIR, TREASURER
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensation
SHAWN GRAHAMCHIEF FINANCIAL OFFICER / INTERIM CEO
Key employee
40$301,117
RODERICK DOUTHITVP, PARTNER DEVELOPMENT
Key employee
40$178,928
PAULA FONTANAVP, STRATEGIC PROGRAMMING INITIATIVES
Key employee
40$159,338
ELAINE RICHARDSONSR. DIRECTOR, CONFERENCE OPERATIONS & SPECIAL EVEN
Highest-paid employee
40$146,897
MESHEA WEBDIRECTOR OF HUMAN RESOURCES & CAREER PLACEMENT
Highest-paid employee
40$126,943
LAFREDA HENDLEYDIRECTOR OF MARKETING
Highest-paid employee
40$111,199
H BEECHER HICKS IIIPRESIDENT & CEO
Officer
40$64,983
LESLIE COLEMANCHAIR
Trustee or director, Officer
2$0
MICHAEL MCNEILVICE CHAIR, ADVANCEMENT & DEVELOPMENT
Trustee or director, Officer
2$0
RENEE HORNEFINANCE COMMITTEE CHAIR, TREASURER
Trustee or director, Officer
2$0
BILL BORDENVICE CHAIR, LEADERSHIP PROGRAMS & CHAPTER DEVELOPM
Trustee or director, Officer
2$0
KEVIN D WRIGHTBOARD MEMBER
Trustee or director
2$0
MICHAEL E HAMILTONBOARD MEMBER
Trustee or director
2$0
ORIS R STUART IIBOARD MEMBER
Trustee or director
2$0
JASON CAMPBELLBOARD MEMBER
Trustee or director
2$0
KEVIN WRIGHTBOARD MEMBER
Trustee or director
2$0
ALVIN BROWNBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
400 W PEACHTREE ST NW STE 203, ATLANTA, GA 30308-3568
In care of
% NATI
Principal officer (990 for 2024)
ORLANDO ASHFORD, 400 WEST PEACHTREE ST NW SUITE 203, ATLANTA, GA 30308
Signed the 990
ORLANDO ASHFORD, INTERIM PRESIDENT AND CEO
Phone
(404) 260-0180
Return prepared by
SB & COMPANY LLC

Mission

THE NATIONAL BLACK MBA ASSOCIATION(R) LEADS IN THE CREATION OF EDUCATIONAL OPPORTUNITIES AND ECONOMIC GROWTH FOR BLACK PROFESSIONALS. WE ARE COMMITTED TO MAKING AN IMPACTFUL AND SUSTAINABLE DIFFERENCE IN THE COMMUNITIES IN WHICH WE WORK AND SERVE THROUGH: INNOVATIVE PROGRAMS THAT STIMULATE INTELLECTUAL AND ECONOMIC GROWTH PARTNERSHIPS WITH KEY STAKEHOLDERS WHO HELP FACILITATE THIS GROWTH INCREASED AWARENESS AND ACCESS TO GRADUATE MANAGEMENT PROGRAMS AND CAREER OPPORTUNITIES IN MANAGEMENT FIELDS.

990 for the year ended December 31, 2024

Program accomplishments

  • ANNUAL NATIONAL CONFERENCE - THE NBMBAA HOSTS THE LARGEST DIVERSITY CAREER FAIR AND EXPOSITION IN THE NATION WITH THE AIM OF EMPOWERING VISIONARIES. FIVE DECADES AGO, THE NBMBAA FOUNDERS MADE A PROMISE TO PROMOTE EDUCATIONAL AND ECONOMIC EMPOWERMENT FOR BLACK AMERICANS. OUR COMMITMENT TO EXPLORING THE BEST PRACTICES IN LEADERSHIP AND CAREER FOCUSED PROGRAMMING HAS BEEN THE CATALYST THAT HAS GUIDED THE ASSOCIATION. EVERY YEAR WE HONOR THIS PLEDGE.
    Expenses $6,531,857 · revenue $9,526,716
  • PARTNER RELATIONS
    Expenses $1,602,568 · grants $3,000 · revenue $201,706
  • 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 $953,698 · grants $62,000 · revenue $935,808
  • Expenses $2,903,884 · grants $184,249

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7348780
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,865,722
Income (IRS master file)
$11,445,834

Revocation and reinstatement

Exemption revoked
May 15, 2012
Posted by the IRS
February 11, 2013
Reinstated
Effective March 15, 2013

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$11,445,834$14,965,820$3,865,722XML
990December 2023$11,946,623$12,486,198$4,991,568XML
990December 2022$10,992,583$10,979,515$5,809,540IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7348780).

Questions about NATIONAL BLACK M B A ASSOCIATION INC

What is the EIN of NATIONAL BLACK M B A ASSOCIATION INC?
The employer identification number (EIN) of NATIONAL BLACK M B A ASSOCIATION INC is 23-7348780.
Is NATIONAL BLACK M B A ASSOCIATION INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective March 15, 2013.
Are donations to NATIONAL BLACK M B A ASSOCIATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NATIONAL BLACK M B A ASSOCIATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NATIONAL BLACK M B A ASSOCIATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NATIONAL BLACK M B A ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NATIONAL BLACK M B A ASSOCIATION INC?
The 990 for the year ended December 31, 2024 names ORLANDO ASHFORD.
Who are the officers and directors of NATIONAL BLACK M B A ASSOCIATION INC?
The 990 for the year ended December 31, 2024 lists 17 people; 7 received compensation from the organization, the highest $335,050 (H BEECHER HICKS III, PRESIDENT & CEO).
How much revenue does NATIONAL BLACK M B A ASSOCIATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $11,445,834, expenses of $14,965,820 and total assets of $3,865,722 at year end.

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