Skip to content
Nonprofiteer
← NAMIC INC

Form 990 for tax year 2024

Filed by NAMIC INC.

Totals

Total revenue
$2,981,637
Total expenses
$3,440,614
Contributions and grants received
$1,186,754
Grants paid
$360,500
Program service revenue
$1,782,614
Investment income
$12,269
Other revenue
$0
Total assets, end of year
$1,441,752
Total liabilities, end of year
$995,825
Net assets or fund balances, end of year
$445,927
Program services expenses (Part IX)
$2,861,303
Management and general expenses
$445,087
Fundraising expenses
$134,224
Program service expenses (Part III)
$2,861,303

Program services were 83.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $60,127

  • 1f · All other contributions, gifts and grants

    $1,126,627

  • 1g · Noncash contributions included above

    $157,010

  • 2a · Program service revenue: SEMINARS, MEETINGS

    total $1,782,614 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $12,269 · unrelated business $0 · excluded $12,269

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $360,500 · program services $360,500

  • 5 · Compensation of officers, directors and key employees

    total $183,912 · program services $68,967 · management and general $91,956 · fundraising $22,989

  • 7 · Other salaries and wages

    total $572,800 · program services $442,413 · management and general $71,274 · fundraising $59,113

  • 9 · Other employee benefits

    total $75,177 · program services $50,804 · management and general $16,217 · fundraising $8,156

  • 10 · Payroll taxes

    total $63,723 · program services $43,064 · management and general $13,745 · fundraising $6,914

  • 12 · Advertising and promotion

    total $64,281 · program services $64,281 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,194 · program services $807 · management and general $257 · fundraising $130

  • 16 · Occupancy

    total $187,437 · program services $126,668 · management and general $40,432 · fundraising $20,337

  • 17 · Travel

    total $14,364 · program services $14,364 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $145,900 · program services $145,900 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $4,566 · program services $3,086 · management and general $985 · fundraising $495

  • 23 · Insurance

    total $23,621 · program services $15,963 · management and general $5,095 · fundraising $2,563

  • 24a · Other expenses: PROFESSIONAL FEES

    total $1,639,179 · program services $1,452,549 · management and general $179,955 · fundraising $6,675

  • 24b · Other expenses: FEES & PERMITS

    total $9,979 · program services $9,979 · management and general $0 · fundraising $0

  • 24c · Other expenses: CREDIT CARD CHARGES

    total $10,241 · program services $0 · management and general $10,241 · fundraising $0

  • 24d · Other expenses: COMMUNICATION EXPENSES

    total $28,742 · program services $19,908 · management and general $5,878 · fundraising $2,956

  • 24e · All other expenses

    total $54,998 · program services $42,050 · management and general $9,052 · fundraising $3,896

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $778,372 · end of year $860,092

  • 4 · Accounts receivable

    beginning of year $754,450 · end of year $400,945

  • 9 · Prepaid expenses and deferred charges

    beginning of year $84,219 · end of year $24,933

  • 10a · Land, buildings and equipment: cost or other basis

    $228,435

  • 10b · Land, buildings and equipment: accumulated depreciation

    $219,028

  • 10c · Land, buildings and equipment, net

    beginning of year $9,645 · end of year $9,407

  • 15 · Other assets

    beginning of year $318,112 · end of year $146,375

  • 17 · Accounts payable and accrued expenses

    beginning of year $410,493 · end of year $392,738

  • 19 · Deferred revenue

    beginning of year $272,425 · end of year $436,800

  • 25 · Other liabilities

    beginning of year $356,976 · end of year $166,287

  • 27 · Net assets without donor restrictions

    beginning of year $904,904 · end of year $403,839

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $42,088

Mission and programs · 2024

Mission

NAMIC INC IS A NOT-FOR-PROFIT TRADE ASSOCIATION THAT EDUCATES, ADVOCATES AND EMPOWERS FOR MULTI-ETHNIC DIVERSITY IN THE COMMUNICATIONS INDUSTRY. IT CULTIVATES INDIVIDUAL CAREERS AS WELL AS PARTNERING WITH OUR COUNTRYS LEADING MEDIA COMPANIES WHO ARE COMMITTED TO ADVANCING THE BUSINESS CASE FOR DIVERSITY.

  • ENGAGES WITH PROFESSIONALS AND THE COMPANIES IN THE COMMUNICATION INDUSTRIES BY OFFERING EDUCATION, MENTORING, LEADERSHIP DEVELOPMENT SEMINARS.

    Expenses $2,861,303 · Grants $360,500 · Revenue $1,782,614

As filed on the 2024 return.

Listed in Part VII

  • EMORY WALTON

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SANDY NUNEZ

    DIRECTOR, VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ALEXANDER

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CHERYL MANLEY

    DIRECTOR & IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • A SHUANISE WASHINGTON

    PRESIDENT & CEO

    Total calculated
    $184,818
    From this org
    $183,912
    From related orgs
    $0
    Other
    $906
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,912
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $906
    Filer's total
    $184,818

  • NILDA GUMBS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SONYA MIDDLETON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARNELLE ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DWAYNE CAMPBELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENYA CHINQUEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GLENN GOLDSMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MONIQUE MANNERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIA SOARES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHEEREEN RUSSELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GURINDER SINGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEROME WEST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NYREE WRIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANNE-MARIE BURTON

    CHIEF, STRATEGY AND PROGRAMS

    Total calculated
    $158,015
    From this org
    $143,948
    From related orgs
    $0
    Other
    $14,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,948
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,067
    Filer's total
    $158,015

  • SANDRA GIRADO

    VP, EVENTS AND PARTNER RELATIONS

    Total calculated
    $125,167
    From this org
    $108,780
    From related orgs
    $0
    Other
    $16,387
    Hours/week
    40

  • SUSAN WALDMAN

    SENIOR MANAGER, MEMBERSHIP & CHAPTER RELATIONS

    Total calculated
    $117,334
    From this org
    $103,425
    From related orgs
    $0
    Other
    $13,909
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.2
Source object
202533219349325258

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.