Form 990 for tax year 2023
Filed by NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION.
Totals
- Total revenue
- $2,533,243
- Total expenses
- $2,447,668
- Contributions and grants received
- $10,000
- Grants paid
- $86,950
- Program service revenue
- $2,523,102
- Investment income
- $141
- Other revenue
- $0
- Total assets, end of year
- $1,446,866
- Total liabilities, end of year
- $26,621
- Net assets or fund balances, end of year
- $1,420,245
- Program services expenses (Part IX)
- $1,997,891
- Management and general expenses
- $449,777
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,997,891
Program services were 81.6% 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.
-
1f · All other contributions, gifts and grants
$10,000
-
2a · Program service revenue: CORPORATE SPONSORSHIP
total $1,944,788 · related or exempt $1,944,788
-
2b · Program service revenue: CONFERENCE REGISTRATION
total $359,414 · related or exempt $359,414
-
2c · Program service revenue: MEMBERSHIP DUES
total $205,391 · related or exempt $205,391
-
2d · Program service revenue: SILENT AUCTION
total $7,432 · related or exempt $7,432
-
2e · Program service revenue: JOB TARGET
total $6,077 · related or exempt $6,077
-
3 · Investment income
total $141 · excluded $141
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $86,950 · program services $86,950
-
7 · Other salaries and wages
total $268,910 · program services $188,237 · management and general $80,673
-
10 · Payroll taxes
total $20,628 · program services $14,440 · management and general $6,188
-
11b · Fees: legal
total $9,000 · management and general $9,000
-
11c · Fees: accounting
total $29,528 · management and general $29,528
-
12 · Advertising and promotion
total $150,332 · program services $150,332
-
13 · Office expenses
total $17,836 · program services $9,517 · management and general $8,319
-
14 · Information technology
total $78,603 · program services $70,837 · management and general $7,766
-
17 · Travel
total $108,232 · program services $66,920 · management and general $41,312
-
19 · Conferences, conventions and meetings
total $978,480 · program services $975,545 · management and general $2,935
-
23 · Insurance
total $4,268 · program services $2,561 · management and general $1,707
-
24a · Other expenses: PROGRAM MANAGEMENT
total $251,385 · program services $226,649 · management and general $24,736
-
24b · Other expenses: CHAPTER REBATES
total $123,642 · program services $123,642
-
24c · Other expenses: PROFESSIONAL SERVICES
total $91,500 · program services $18,931 · management and general $72,569
-
24d · Other expenses: ADMIN SERVICE
total $44,044 · program services $22,022 · management and general $22,022
-
24e · All other expenses
total $184,330 · program services $41,308 · management and general $143,022
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,782,226 · end of year $1,446,866
-
2 · Savings and temporary cash investments
beginning of year $38,372
-
4 · Accounts receivable
beginning of year $461,220
-
17 · Accounts payable and accrued expenses
beginning of year $74,050 · end of year $5,397
-
19 · Deferred revenue
beginning of year $387,200
-
25 · Other liabilities
beginning of year $39,075 · end of year $21,224
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27 · Net assets without donor restrictions
beginning of year $1,781,493 · end of year $1,420,245
Mission and programs · 2023
Mission
TO PROMOTE PROFESSIONAL DEVELOPMENT AND PERSONAL GROWTH AMONG AFRICAN AMERICAN INSURANCE PROFESSIONALS, WHILE PROVIDING OPPORTUNITIES FOR NETWORKING, CONTINUING EDUCATION, AND BUILDING MUTUALLY BENEFICIAL PARTNERSHIPS. OUR MISSION IS ACCOMPLISHED VIA NATIONAL CONFERENCES, SEMINARS, AND CHAPTER EVENTS.
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IN 2023, NAAIA CONTINUED TO STRIVE FOR ORGANIZATIONAL EXCELLENCE FOCUSING ON INCREASING DIVERSITY AND INCLUSION IN THE INSURANCE INDUSTRY. NAAIA CONTINUED TO DELIVER ROBUST PROGRAMMING AND COLLECTIVELY NNAIA NATIONAL AND CHAPTER EVENTS WERE ATTENDED BY 800+ ATTENDEES, 150+ SPEAKERS AND 45+ EXHIBITORS.
Expenses $1,722,704
-
ELEVEN 3-PERSON STUDENT TEAMS REPRESENTING MAJOR UNIVERSITIES SPONSORSHIPS, EXPANDED CHAPTER NETWORK AND HELD A SOLD-OUT NATIONAL CONFERENCE.COMPETED IN THE NAAIA NATIONAL TALENT DEVELOPMENT COMPETITION. SEVERAL OF THE PARTICIPATING STUDENTS WERE OFFERED INTERNSHIPS AND/OR FULL-TIME POSITIONS BY NAAIA PARTNER COMPANIES. ALL 33 STUDENTS WERE MENTORED AND RECEIVED FINANCIAL AWARDS. ADDITIONALLY, THE NAAIA AWARDED ADDITIONAL SCHOLARSHIPS IN THE AMOUNT OF 10,000 UNDER THE J.L.TILLMAN SCHOLARSHIP PROGRAM TO ELIGIBLE STUDENTS TO SUPPORT HIGHER EDUCATION.
Expenses $198,950 · Grants $86,950
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REVIEWED WITH ASSISTANCE OF PREPARING ACCOUNTANT.
Expenses $76,237
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Omari Jahi Aarons-MartinOMARI JAHI AARONS-MARTIN
OFFICER & KE
- Total calculated
- $160,000
- From this org
- $160,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $160,000
-
Owie Lei AgbontaenOWIE LEI AGBONTAEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dwight GeddesDWIGHT GEDDES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sherita HardySHERITA HARDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James E HutchinsonJAMES E HUTCHINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan JohnsonSUSAN JOHNSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Ricky JonesRICKY JONES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Michele LamarreMICHELE LAMARRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Clive McCarthyCLIVE MCCARTHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brandi MoniqueBRANDI MONIQUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ngozi NnajiNGOZI NNAJI
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Rebekah RatliffREBEKAH RATLIFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jerald TillmanJERALD TILLMAN
FOUNDER
- Total calculated
- $0
- Hours/week
- 2
-
Anthony WalkerANTHONY WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
George WoodsGEORGE WOODS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Janet Jordan-FosterJANET JORDAN-FOSTER
IMMEDIATE PA
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
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
None.
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
No itemized grants to organizations 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.
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NAAIA COMMUNITY DEVELOPMENT CORP
NON-PROFIT · DC · controlled entity
Directly controlled by NAAIA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 December 2025
- IRS schema version
- 2023v6.0
- Source object
- 202543499349300404
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