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Nonprofiteer
← NABA FOUNDATION

Form 990 for tax year 2023

Filed by NABA FOUNDATION.

Totals

Total revenue
$677,158
Total expenses
$0
Contributions and grants received
$677,158
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$677,158
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$677,158
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 1d · Related organizations

    $677,158

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $677,158

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $677,158

Mission and programs · 2023

Mission

OUR MISSION IS TO CLOSE THE BLACK WEALTH GAP THROUGH EDUCATION, EARNINGS, ENTREPRENEURSHIP, ENTERPRISE AND EQUITY.

  • NABA FOUNDATION ALSO PLANS TO CONDUCT RESEARCH REGARDING EMPLOYMENT, ENTREPRENEURSHIP, CAREER EDUCATION AND TRAINING, AND OTHER TOPICS, THE RESULTS OF WHICH WILL HELP IMPROVE EXISTING NABA FOUNDATION EDUCATIONAL PROGRAMS WHILE PROVIDING A BODY OF KNOWLEDGE FOR ORGANIZATIONS WITH SIMILAR EDUCATIONAL GOALS. NABA FOUNDATION INTENDS TO CONVENE PHILANTHROPIC ORGANIZATIONS AND RESEARCH INSTITUTIONS AND COLLABORATE TO DEVELOP BEST-IN-CLASS RESEARCH INITIATIVES THAT SUPPORT THESE GOALS.NABA FOUNDATION ALSO PLANS TO MAKE SCHOLARSHIP GRANTS TO STUDENTS. SINCE ITS INCEPTION, NABA HAS PROVIDED MORE THAN $11 MILLION IN SCHOLARSHIP FUNDS TO DESERVING STUDENTS PREPARING TO ENTER VARIOUS ACCOUNTING, FINANCE AND BUSINESS PROFESSIONS. THE NABA FOUNDATION WILL ACT AS AN ADDITIONAL VEHICLE FOR RAISING FUNDS AND DISBURSING SCHOLARSHIP GRANTS TO QUALIFIED STUDENTS IN CONJUNCTION WITH NABA'S EXISTING SCHOLARSHIP PROGRAMS AND BY CREATING NEW PROGRAMS SPECIFIC TO THE FOUNDATION THAT ARE SUPPORTIVE OF NABA'S MISSION. NABA FOUNDATION MAY ALSO SUPPORT OTHER ORGANIZATIONS DEDICATED TO SIMILAR GOALS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ralph Thomas

    CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Tasha Austin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Kimi Ellen

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Zenai Brooks

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Steven Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349308211

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