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← NAMCO

Form 990 for tax year 2023

Filed by NAMCO.

Totals

Total revenue
$1,971,355
Total expenses
$2,161,945
Contributions and grants received
$1,172,333
Grants paid
$33,625
Program service revenue
$723,723
Investment income
$5,661
Other revenue
$69,638
Total assets, end of year
$2,204,251
Total liabilities, end of year
$758,367
Net assets or fund balances, end of year
$1,445,884
Program services expenses (Part IX)
$1,409,613
Management and general expenses
$525,359
Fundraising expenses
$226,973
Program service expenses (Part III)
$1,409,613

Program services were 65.2% 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

    $180,398

  • 1c · Fundraising events

    $237,992

  • 1e · Government grants (contributions)

    $270,136

  • 1f · All other contributions, gifts and grants

    $483,807

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $723,723 · related or exempt $723,723

  • 3 · Investment income

    total $5,661 · excluded $5,661

  • 6a · Gross rents

    real property $29,500

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $29,500

  • 6d · Net rental income or loss

    total $29,500 · excluded $29,500

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $237,992

  • 8b · Fundraising events: direct expenses

    $76,283

  • 8c · Net income from fundraising events

    total -$76,283 · excluded -$76,283

  • 11a · Other revenue: ADMINISTRATION FEE

    total $116,057 · related or exempt $116,057

  • 11b · Other revenue: OTHER INCOME

    total $364 · excluded $364

  • 11e · Other revenue, total

    $116,421

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,625 · program services $33,625

  • 4 · Benefits paid to or for members

    total $1,256 · program services $1,256

  • 6 · Compensation of disqualified persons

    total $371,165 · program services $205,056 · management and general $110,739 · fundraising $55,370

  • 7 · Other salaries and wages

    total $621,760 · program services $346,960 · management and general $183,200 · fundraising $91,600

  • 9 · Other employee benefits

    total $31,370 · program services $14,330 · management and general $11,360 · fundraising $5,680

  • 10 · Payroll taxes

    total $88,327 · program services $48,341 · management and general $26,657 · fundraising $13,329

  • 11c · Fees: accounting

    total $87,668 · program services $67,371 · management and general $16,707 · fundraising $3,590

  • 11g · Fees: other

    total $277,994 · program services $213,633 · management and general $52,976 · fundraising $11,385

  • 12 · Advertising and promotion

    total $66,010 · program services $57,726 · fundraising $8,284

  • 13 · Office expenses

    total $71,205 · program services $18,583 · management and general $50,216 · fundraising $2,406

  • 16 · Occupancy

    total $82,465 · program services $49,981 · management and general $21,656 · fundraising $10,828

  • 19 · Conferences, conventions and meetings

    total $76,267 · program services $51,472 · management and general $16,530 · fundraising $8,265

  • 22 · Depreciation, depletion and amortization

    total $26,614 · program services $11,260 · management and general $10,236 · fundraising $5,118

  • 23 · Insurance

    total $7,306 · program services $3,653 · management and general $3,653

  • 24a · Other expenses: BBAO OPERATING SUPPORT

    total $130,000 · program services $130,000

  • 24b · Other expenses: SPONSORSHIP EXPENSE

    total $116,557 · program services $116,557

  • 24c · Other expenses: EQUIPMENT AND MAINTENAN

    total $43,918 · program services $19,350 · management and general $16,379 · fundraising $8,189

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $7,550 · program services $2,500 · management and general $5,050

  • 24e · All other expenses

    total $20,888 · program services $17,959 · fundraising $2,929

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $544,761 · end of year $788,096

  • 2 · Savings and temporary cash investments

    beginning of year $786,782 · end of year $840,414

  • 3 · Pledges and grants receivable

    beginning of year $210,200 · end of year $207,000

  • 4 · Accounts receivable

    beginning of year $78,005 · end of year $117,440

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,000 · end of year $71,770

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

    $109,108

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

    $49,740

  • 10c · Land, buildings and equipment, net

    beginning of year $72,498 · end of year $59,368

  • 15 · Other assets

    beginning of year $141,241 · end of year $120,163

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,772 · end of year $107,674

  • 19 · Deferred revenue

    end of year $528,864

  • 25 · Other liabilities

    beginning of year $141,241 · end of year $121,829

  • 27 · Net assets without donor restrictions

    beginning of year $1,486,474 · end of year $1,270,884

  • 28 · Net assets with donor restrictions

    beginning of year $150,000 · end of year $175,000

Mission and programs · 2023

Mission

ADVOCACY, EDUCATION, AND EMPOWERMENT DESIGN AND CONSTRUCTION RELATED BUSINESSES OWNED BY PEOPLE OF COLOR.

  • PROVIDE ASSISTANCE TO MINORITY CONTRACTORS TO ENHANCE THEIR IMAGE AND ABILITY TO SUCCESSFULLY BID ON CONTRACTS IN THE PORTLAND AREA.

    Expenses $1,409,613 · Grants $33,625 · Revenue $839,780

As filed on the 2023 return.

Listed in Part VII

  • ANDREW COLAS

    BOARD OF DIRECTORS, CHAIR

    Total calculated
    $0
    Hours/week
    5

  • ALANDO SIMPSON

    BOARD OF DIRECTORS, VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • DON SHANKLIN

    BOARD OF DIRECTORS, SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • JEFF MORELAND

    BOARD OF DIRECTORS, MEMBER

    Total calculated
    $0
    Hours/week
    3

  • COBI LEWIS

    BOARD OF DIRECTORS, MEMBER

    Total calculated
    $0
    Hours/week
    3

  • NATE MCCOY

    PRESIDENT & CEO

    Total calculated
    $156,859
    From this org
    $156,859
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,859
    Bonus
    $16,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $156,859

  • CINNA'MON WILLIAMS

    CHIEF OPERATING OFFICER

    Total calculated
    $112,923
    From this org
    $112,923
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • LANCE RANDALL

    EXECUTIVE DIRECTOR OF BBAO

    Total calculated
    $145,000
    From this org
    $145,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MOLLY WASHINGTON

    CHIEF PROGRAMS OFFICER

    Total calculated
    $101,382
    From this org
    $101,382
    From related orgs
    $0
    Other
    $0
    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 · 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
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2023
Filed
30 September 2024
IRS schema version
2023v5.1
Source object
202402759349300465

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