Skip to content
Nonprofiteer
← NAMIC INC

Form 990 for tax year 2023

Filed by NAMIC INC.

Totals

Total revenue
$3,162,226
Total expenses
$3,299,311
Contributions and grants received
$974,803
Grants paid
$419,796
Program service revenue
$2,180,097
Investment income
$7,326
Other revenue
$0
Total assets, end of year
$1,944,798
Total liabilities, end of year
$1,039,894
Net assets or fund balances, end of year
$904,904
Program services expenses (Part IX)
$2,508,836
Management and general expenses
$446,421
Fundraising expenses
$344,054
Program service expenses (Part III)
$2,508,836

Program services were 76.0% 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

    $79,409

  • 1f · All other contributions, gifts and grants

    $895,394

  • 1g · Noncash contributions included above

    $181,764

  • 2a · Program service revenue: SEMINARS, MEETINGS

    total $2,180,097 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $7,326 · unrelated business $0 · excluded $7,326

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $419,796 · program services $419,796

  • 5 · Compensation of officers, directors and key employees

    total $205,385 · program services $45,185 · management and general $102,692 · fundraising $57,508

  • 7 · Other salaries and wages

    total $487,403 · program services $287,176 · management and general $59,892 · fundraising $140,335

  • 9 · Other employee benefits

    total $73,463 · program services $35,244 · management and general $17,240 · fundraising $20,979

  • 10 · Payroll taxes

    total $50,980 · program services $24,457 · management and general $11,964 · fundraising $14,559

  • 12 · Advertising and promotion

    total $73,641 · program services $73,641 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $6,162 · program services $2,956 · management and general $1,446 · fundraising $1,760

  • 14 · Information technology

    total $18,874 · program services $2,562 · management and general $7,358 · fundraising $8,954

  • 16 · Occupancy

    total $202,156 · program services $96,983 · management and general $47,442 · fundraising $57,731

  • 17 · Travel

    total $7,155 · program services $844 · management and general $2,847 · fundraising $3,464

  • 19 · Conferences, conventions and meetings

    total $172,771 · program services $172,771 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $4,134 · program services $1,983 · management and general $970 · fundraising $1,181

  • 23 · Insurance

    total $20,114 · program services $9,650 · management and general $4,720 · fundraising $5,744

  • 24a · Other expenses: PROFESSIONAL FEES

    total $1,484,409 · program services $1,299,004 · management and general $157,039 · fundraising $28,366

  • 24b · Other expenses: FEES & PERMITS

    total $15,401 · program services $15,401 · management and general $0 · fundraising $0

  • 24c · Other expenses: CREDIT CARD CHARGES

    total $19,904 · program services $0 · management and general $19,904 · fundraising $0

  • 24d · Other expenses: PROGRAM EXPENSE

    total $9,348 · program services $9,348 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $28,215 · program services $11,835 · management and general $12,907 · fundraising $3,473

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,227,547 · end of year $778,372

  • 4 · Accounts receivable

    beginning of year $630,925 · end of year $754,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,771 · end of year $84,219

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

    $224,078

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

    $214,433

  • 10c · Land, buildings and equipment, net

    beginning of year $13,778 · end of year $9,645

  • 15 · Other assets

    beginning of year $485,775 · end of year $318,112

  • 17 · Accounts payable and accrued expenses

    beginning of year $484,718 · end of year $410,493

  • 19 · Deferred revenue

    beginning of year $321,750 · end of year $272,425

  • 25 · Other liabilities

    beginning of year $538,339 · end of year $356,976

  • 27 · Net assets without donor restrictions

    beginning of year $1,011,603 · end of year $904,904

  • 28 · Net assets with donor restrictions

    beginning of year $30,386 · end of year $0

Mission and programs · 2023

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 $2,508,836 · Grants $419,796 · Revenue $2,180,097

As filed on the 2023 return.

Listed in Part VII

  • CHERYL MANLEY

    DIRECTOR & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOIAVA PHILPOTT

    DIRECTOR & IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PRAGASH PILLAI

    DIRECTOR & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • EMORY WALTON

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SANDY NUNEZ

    DIRECTOR, VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • A SHUANISE WASHINGTON

    DIRECTOR, PRESIDENT & CEO

    Total calculated
    $260,405
    From this org
    $259,385
    From related orgs
    $0
    Other
    $1,020
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,385
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,020
    Filer's total
    $260,405

  • MICHAEL ALEXANDER

    DIRECTOR, ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • FREDDY ROLON

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GLENN GOLDSMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NILDA GUMBS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIELLE WADE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SANDRA GARCIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EBONNE RUFFINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHEEREEN RUSSELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SONYA MIDDLETON

    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
    $150,381
    From this org
    $137,336
    From related orgs
    $0
    Other
    $13,045
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,336
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,045
    Filer's total
    $150,381

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
2023
Filed
9 May 2024
IRS schema version
2023v5.1
Source object
202433209349322813

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.