Form 990 for tax year 2022
Filed by NATIONAL ASSOCIATION OF BLACK ACCOUNTANTS INC.
Totals
- Total revenue
- $14,664,505
- Total expenses
- $7,175,682
- Contributions and grants received
- $10,362,942
- Grants paid
- $498,333
- Program service revenue
- $4,210,699
- Investment income
- $90,864
- Other revenue
- $0
- Total assets, end of year
- $11,793,156
- Total liabilities, end of year
- $1,672,866
- Net assets or fund balances, end of year
- $10,120,290
- Program services expenses (Part IX)
- $4,930,450
- Management and general expenses
- $2,245,232
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,930,450
Program services were 68.7% 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
$749,375
-
1f · All other contributions, gifts and grants
$9,613,567
-
2a · Program service revenue: NATIONAL CONVENTION
total $4,108,638 · related or exempt $4,108,638
-
2b · Program service revenue: CAREER CENTER
total $102,061 · related or exempt $102,061
-
3 · Investment income
total $163,618 · excluded $163,618
-
7a · Gross sales of assets other than inventory
securities $17,052,264
-
7b · Less cost or other basis and sales expenses
securities $17,125,018
-
7c · Gain or loss
securities -$72,754
-
7d · Net gain or loss
total -$72,754 · excluded -$72,754
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $498,333 · program services $498,333
-
5 · Compensation of officers, directors and key employees
total $326,634 · program services $195,980 · management and general $130,654
-
7 · Other salaries and wages
total $1,478,702 · program services $1,199,257 · management and general $279,445
-
8 · Pension plan contributions
total $49,521 · program services $35,876 · management and general $13,645
-
9 · Other employee benefits
total $177,236 · program services $124,063 · management and general $53,173
-
10 · Payroll taxes
total $120,004 · program services $84,003 · management and general $36,001
-
11b · Fees: legal
total $164,241 · program services $74,187 · management and general $90,054
-
11f · Fees: investment management
total $37,825 · management and general $37,825
-
11g · Fees: other
total $2,195,061 · program services $991,499 · management and general $1,203,562
-
12 · Advertising and promotion
total $12,114 · program services $8,359 · management and general $3,755
-
13 · Office expenses
total $9,857 · program services $1,000 · management and general $8,857
-
14 · Information technology
total $206,279 · program services $63,260 · management and general $143,019
-
16 · Occupancy
total $25,983 · program services $24,068 · management and general $1,915
-
17 · Travel
total $388,940 · program services $279,765 · management and general $109,175
-
19 · Conferences, conventions and meetings
total $433,484 · program services $433,484
-
21 · Payments to affiliates
total $39,110 · program services $39,110
-
22 · Depreciation, depletion and amortization
total $8,400 · program services $7,560 · management and general $840
-
23 · Insurance
total $59,504 · program services $29,153 · management and general $30,351
-
24a · Other expenses: MEALS
total $543,582 · program services $543,582
-
24b · Other expenses: STAFF TRAINING
total $131,557 · program services $92,090 · management and general $39,467
-
24c · Other expenses: CONVENTION SPONSORSHIPS
total $73,690 · program services $64,659 · management and general $9,031
-
24d · Other expenses: SPEAKER FEES
total $62,477 · program services $56,750 · management and general $5,727
-
24e · All other expenses
total $133,148 · program services $84,412 · management and general $48,736
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $425,499 · end of year $1,802,259
-
4 · Accounts receivable
beginning of year $85,379 · end of year $1,989,698
-
9 · Prepaid expenses and deferred charges
beginning of year $20,758 · end of year $62,782
-
10a · Land, buildings and equipment: cost or other basis
$383,282
-
10b · Land, buildings and equipment: accumulated depreciation
$208,828
-
10c · Land, buildings and equipment, net
beginning of year $11,570 · end of year $174,454
-
11 · Investments: publicly traded securities
beginning of year $3,546,098 · end of year $7,620,817
-
15 · Other assets
beginning of year $0 · end of year $143,146
-
17 · Accounts payable and accrued expenses
beginning of year $534,795 · end of year $810,233
-
19 · Deferred revenue
beginning of year $964,121 · end of year $648,587
-
25 · Other liabilities
beginning of year $69,050 · end of year $214,046
-
27 · Net assets without donor restrictions
beginning of year $1,294,464 · end of year $7,818,717
-
28 · Net assets with donor restrictions
beginning of year $1,226,874 · end of year $2,301,573
Mission and programs · 2022
Mission
TO ADDRESS THE PROFESSIONAL NEEDS OF ITS MEMBERS AND TO BUILD LEADERS THAT SHAPE THE FUTURE OF THE ACCOUNTING AND FINANCE PROFESSION WITH AN UNFALTERING COMMITMENT TO INSPIRE THE SAME IN THEIR SUCCESSORS.
Activities or mission (Part I)
TO ENSURE UNLIMITED OPPORTUNI- TIES FOR BLACKS IN THE ACCOUNTING AND RELATED BUSINESS PROFESSIONS
-
NATIONAL CONVENTION - PROVIDES A FORUM FOR PROGRAMMING, TRAINING, AND NETWORKING WHILE UNITING NABA MEMBERS, THE CORPORATE COMMUNITY, ACADEMICS AND OTHERS INTERESTED IN PROMOTING THE MISSION AND GOALS OF NABA. THE NATIONAL CONVENTION ENHANCES THE MANAGEMENT SKILLS AND PRODUCTIVITY OF ITS MEMBERS THROUGH FOCUSED WORKSHOPS AND TECHNICAL SESSIONS. IT PROVIDES BRANDING AND IMAGING OPPORTUNITIES AS WELL AS DIVERSITY RECRUITING AND HIRING SOLUTIONS FOR ITS CORPORATE PARTNERS. THE NATIONAL CONVENTION HOSTS A SERIES OF LEADERSHIP WORKSHOPS.
Expenses $2,559,667 · Revenue $4,108,638
-
NABA'S OTHER PROGRAM CONTENT AND EVENTS CREATE VALUABLE OPPORTUNITIES TO ADDRESS THE NEEDS OF PARTNERS, PROFESSIONALS AND THE PIPELINE, FOSTERING GROWTH AND SUCCESS AT EVERY STAGE IN THE NABA LIFE CYCLE.
Expenses $2,002,852 · Grants $498,333 · Revenue $102,061
-
MEMBERSHIP - WE UNITE THROUGH MEMBERSHIP - ACCOUNTANTS, FINANCE AND BUSINESS-RELATED PROFESSIONALS AND STUDENTS WHO HAVE SIMILAR INTERESTS AND IDEALS, ARE COMMITTED TO PROFESSIONAL AND ACADEMIC EXCELLENCE, POSSESS A SENSE OF PROFESSIONAL AND CIVIC RESPONSIBILITY, AND ARE CONCERNED WITH ENHANCING OPPORTUNITIES FOR MINORITIES IN THE ACCOUNTING, FINANCE AND RELATED BUSINESS PROFESSIONS.
Expenses $367,931
As filed on the 2022 return.
Listed in Part VII
-
Herschel FriersonHERSCHEL FRIERSON
CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
Sherry Ann Mohan MBA CPASHERRY ANN MOHAN MBA CPA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
Noel BowersNOEL BOWERS
NATIONAL SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Jesse Rhodes JrJESSE RHODES JR
NATIONAL TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Zenai BrooksZENAI BROOKS
CENTRAL REGIONAL PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Rautz MarcRAUTZ MARC
EASTERN REGIONAL PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Crystal MartinCRYSTAL MARTIN
SOUTHERN REGIONAL PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Brittani BishopBRITTANI BISHOP
WESTERN REGIONAL PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Angel JohnsonANGEL JOHNSON
NATIONAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Jason BookerJASON BOOKER
NATIONAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Tasha AustinTASHA AUSTIN
NATIONAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Durran DunnDURRAN DUNN
NATIONAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Guylaine Saint JusteGUYLAINE SAINT JUSTE
PRESIDENT & CEO
- Total calculated
- $326,634
- From this org
- $314,519
- From related orgs
- $0
- Other
- $12,115
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $247,019
- Bonus
- $67,500
- Other
- $0
- Deferred
- $12,115
- Nontaxable benefits
- $0
- Filer's total
- $326,634
-
Kim WilsonKIM WILSON
SVP, STAKEHOLDER EXPERIENCE AND ENGAGEMENT
- Total calculated
- $183,563
- From this org
- $167,500
- From related orgs
- $0
- Other
- $16,063
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,500
- Bonus
- $17,000
- Other
- $0
- Deferred
- $6,608
- Nontaxable benefits
- $9,455
- Filer's total
- $183,563
-
Toi EshunTOI ESHUN
SVP, MARKETING & COMMUNICATIONS
- Total calculated
- $191,354
- From this org
- $163,139
- From related orgs
- $0
- Other
- $28,215
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,139
- Bonus
- $10,000
- Other
- $0
- Deferred
- $6,976
- Nontaxable benefits
- $21,239
- Filer's total
- $191,354
-
Suzanne BrownSUZANNE BROWN
SVP OF PROGRAMS
- Total calculated
- $155,922
- From this org
- $150,649
- From related orgs
- $0
- Other
- $5,273
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,149
- Bonus
- $2,500
- Other
- $0
- Deferred
- $119
- Nontaxable benefits
- $5,154
- Filer's total
- $155,922
-
Shon McGheeSHON MCGHEE
SVP OF FINANCE
- Total calculated
- $168,061
- From this org
- $154,518
- From related orgs
- $0
- Other
- $13,543
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,518
- Bonus
- $20,000
- Other
- $0
- Deferred
- $6,335
- Nontaxable benefits
- $7,208
- Filer's total
- $168,061
-
Lauren BurkeLAUREN BURKE
CHIEF OF BD
- Total calculated
- $166,483
- From this org
- $140,421
- From related orgs
- $0
- Other
- $26,062
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $115,421
- Bonus
- $25,000
- Other
- $0
- Deferred
- $7,126
- Nontaxable benefits
- $18,936
- Filer's total
- $166,483
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 · Compensation committee
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- BONUSES WERE PAID OUT THAT WERE AT THE DISCRETION OF THE CEO (FOR STAFF BONUSES) AND AT THE DISCRETION OF THE CHAIRMAN & VICE CHAIRMAN OF THE BOARD (FOR THE CEO'S BONUS). BONUSES ARE CONTIGENT UPON THE OVERALL PERFORMANCE OF THE ORGANIZATION.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313199349307666
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