2023-10-19T13:17:50-07:00 2022-12-31 990 2022-01-01 237348780 NATIONAL BLACK M B A ASSOCIATION INC NATI 4042600180 400 WEST PEACHTREE ST NW SUITE 203 ATLANTA GA 30308 SHAWN GRAHAM CHIEF FINANCIAL OFFICER 4042600180 2023-10-19 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z SHAWN GRAHAM 400 WEST PEACHTREE STREET NW SUITE 203 ATLANTA GA 30308 10992583 0 X www.nbmbaa.org X 1970 GA SEE ATTACHMENT A 11 11 25 365 0 0 1323035 1454073 7777791 9375690 39607 -85227 758021 248047 9898454 10992583 288415 280370 0 0 2230520 2526159 120000 45000 45000 6944345 8127986 9583280 10979515 315174 13068 5577781 5809540 3185585 3404276 2392196 2405264 The National Black MBA Association(R) leads in the creation of educational opportunities and economic growth for Black professionals. We are committed to making an impactful and sustainable difference in the communities in which we work and serve through: Innovative Programs that stimulate intellectual and economic growth Partnerships with key stakeholders who help facilitate this growth Increased awareness and access to graduate management programs and career opportunities in management fields. 0 0 5666392 8702209 Annual National Conference - The NBMBAA hosts the largest diversity career fair and exposition in the nation with the aim of empowering visionaries. Five decades ago, the NBMBAA founders made a promise to promote educational and economic empowerment for black Americans. Our commitment to exploring the best practices in leadership and career focused programming has been the catalyst that has guided the Association. Every year we honor this pledge. 1000292 792888 Membership Services - The NBMBAA is a professional membership association, and these are programs aimed at supporting our members to develop and excel in their professional journey. We provided monthly seminars during the year and hosted a scale-up pitch competition to encourage and provide funding for our entrepreneurs and other initiatives driven by our local chapters. There are 42 local NBMBAA chapters and approximately 12,000 members throughout North America. 2007345 673481 Other Programs 0 0 0 8674029 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 84 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X SHAWN GRAHAM CPA 4042600180 400 WEST PEACHTREE ST NW SUITE 203 ATLANTA GA 30308 JOSEPH HANDY PRESIDENT & CEO 40 0 X X 306370 0 21699 SHAWN GRAHAM CHIEF FINANCIAL OFFICER/INTERIM CEO 40 0 X X 237223 0 10273 RODERICK DOUTHIT VP, PARTNER DEVELOPMENT 40 0 X 178805 0 31902 PAULA FONTANA VP, STRATEGIC PROGRAMMING INITIATIVES/INTERIUM PRESIDENT 40 0 X X 149231 0 17299 MESHEA WEB DIRECTOR OF HUMAN RESOURCES & CAREER PATHING 40 0 X 121920 0 12379 ELAINE RICHARDSON SR. DIRECTOR, CONFERENCE OPERATIONS & SPECIAL PROJECTS 40 0 X 128196 0 5869 MICHAEL HAMILTON BOARD CHAIRMAN 2 0 X X 0 0 0 WILLIAM BORDEN BOARD VICE CHAIR POLICY & PROGRAMS 2 0 X X 0 0 0 LESLIE COLEMAN BOARD VICE CHAIR - ADVANCEMENT & DEVELOPMENT 2 0 X X 0 0 0 ORIS STUART BOARD TREASURER 2 0 X X 0 0 0 MARVIN TURNER BOARD SECRETARY 2 0 X X 0 0 0 ALVIN BROWN BOARD MEMBER 2 0 X 0 0 0 AISHA GANTT BOARD MEMBER 2 0 X 0 0 0 RENEE HORNE BOARD MEMBER 2 0 X 0 0 0 LOUISE PERRIN BOARD MEMBER 2 0 X 0 0 0 SHELLEY STEWART III BOARD MEMBER 2.00 0 X 0 0 0 CHARMAINE WARD-MILLNER BOARD MEMBER 2 0 X 0 0 0 1121745 0 99421 6 0 1 0 Event Advisory Group 10474 Armstrong Street Fairfax VA 22030 Exhibit Sales Management Support 1392332 Encore Group 23918 Network Place Chicago IL 60673 Conference Audio Visual 652953 Levy Restaurants 285 Andrew Young International Blvd Atlanta GA 30313 Conference Catering 349929 Taylor English Duma LLP 1600 Parkwood Circle Suite 200 Atlanta GA 30339 Legal Services 211037 Omni Hotels at CNN 100 CNN Center Atlanta GA 30303 Conference Rooms/Food & Beverage 209189 17 0 792888 0 0 0 661185 0 1454073 Annual Conference 611430 8702209 8702209 0 0 Product Sales 900099 673481 673481 0 0 0 0 0 0 9375690 -85227 -85227 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Revenue 900099 248047 248047 0 0 0 0 0 0 248047 10992583 9538510 0 0 X 0 0 280370 280370 1121745 640054 481691 0 989588 672426 317162 258392 161247 97145 156434 100029 56405 217149 47867 169282 74743 74743 45000 45000 3806479 3640004 166475 249136 241633 7503 148745 22281 126464 228410 98413 129997 338639 286986 51653 659835 635426 24409 973740 972789 951 30587 30587 128015 128015 60969 37804 23165 Membership Rebates 548941 548941 0 0 Awards & Gifts 239842 228986 10856 0 Bank & Credit Card Charges 171403 0 171403 0 Dues & Subscriptions 108799 26090 82709 0 142554 32683 109871 10979515 8674029 2260486 45000 542371 871767 705268 1205782 1904048 961187 34848 393047 4040972 2202621 1766100 1838351 623126 537386 2020 2020 5577781 5809540 1093808 837736 1156287 1681059 789058 746382 146432 139099 3185585 3404276 X 1733647 1688515 658549 716749 2392196 2405264 5577781 5809540 13068 0 0 0 0 0 X 0 1 X 1 0 X 1004273 1080105 1337568 1323035 1454073 6199054 1004273 1080105 1337568 1323035 1454073 6199054 6199054 -6698 60854 58886 39607 -85227 67422 87614 57614 59237 758021 248047 1210533 7477009 0.82908 0.80391 X Schedule A, Part II, Line 10 Georgia World Congress Center - $200,000, Aramak - $11,403 and other miscellaneous revenue. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1 556967 58200 0 0 0 0 615167 511407 45560 0 0 0 0 556967 489406 22001 0 0 0 0 511407 458223 31183 0 0 0 0 489406 282153 176070 0 0 0 0 458223 0 0 1 0 0 0 0 0 1844655 0 340410 1504245 0 0 0 0 1856052 0 1769073 86979 340265 0 93138 247127 1838351 Due to related parties 42655 Other current liabilities 96444 139099 X 11367583 0 375000 0 0 375000 10992583 0 0 0 10992583 11354515 375000 0 0 0 375000 10979515 0 0 0 10979515 Schedule D, Part V, Line 4 Since its inception in 1991, the NBMBAA Leaders of Tomorrow Program (LOT) has mentored more than 8,000 talented youth aspiring to leadership roles in professional fields. The LOT Program is a comprehensive programmatic approach for providing leadership development in high school students. The program is driven by mentoring across five development areas: Leadership, Financial Literacy, College Preparation, Career Preparation and Life Skills. The program offers participants resources, knowledge and opportunities in the way of mentoring relationships, scholarships, and internships. Schedule D, Part X, Line 2 The NBMBAA follows the requirements in FASB Accounting X X X 1 KENNEDY JONES SOLUTIONS GROUP 260 PEACHTREE STREET SUITE 1500 ATLANTA GA 30303 Fundraising consulting services including fundraising strategy, fund development strategy and developing proposals. 0 0 45000 -45000 0 45000 -45000 All States 1 Various merit based academic scholarships awarded to undergraduate and graduate students as well as relief scholarships. 151 280370 Schedule I, Part I, Line 2 Scholarship funds are kept in a designated account. The funds are released for the designated item in accordance with the wishes of the donor. X X 1 0 0 0 0 0 0 0 0 JOSEPH HANDY PRESIDENT & CEO 243570 0 62800 0 0 0 8613 0 13086 0 328069 0 0 0 SHAWN GRAHAM CHIEF FINANCIAL OFFICER/INTERIUM CEO 201723 0 35500 0 0 0 8903 0 1370 0 247496 0 0 0 PAULA FONTANA VP, STRATEGIC PROGRAMMING INITIATIVES/INTERIUM PRESIDENT 126816 0 22415 0 0 0 0 0 17299 0 166530 0 0 RODERICK DOUTHIT VP, PARTNER DEVELOPMENT 166805 0 12000 0 0 0 7386 0 24516 0 210707 0 0 ELAINE RICHARDSON SR. DIRECTOR, CONFERENCE OPERATIONS & SPECIAL PROJECTS 117196 0 11000 0 0 0 5309 0 560 0 134065 0 0 0 MESHEA WEB DIRECTOR OF HUMAN RESOURCES & CAREER PATHING 106147 0 15773 0 0 0 3272 0 9107 0 134299 0 0 Schedule J, Part I, Line 4 Joe Handy - $109,465 Severance Pay Form 990, Part VI, Section A, Line 6 The National Black MBA Association is a membership organization. Form 990, Part VI, Section A, Line 7a Members vote to rally board member nominees. Form 990, Part VI, Section B, Line 11b Form 990 is completed by the Finance Department, reviewed by the CFO and CEO, and approved by the board of directors for vote. Form 990, Part VI, Section B, Line 12c Board members are required to review and sign the conflict of interest policy annually. Form 990, Part VI, Section B, Line 15 The Board of Directors review the President and CEO compensation on an annual basis; the President and CEO reviews all other executive compensation on an annual basis. No member of the Board of Directors receives compensation from the organization for their board services. Form 990, Part VI, Section C, Line 19 The organization's governing documents, conflict of interest policy and financial statements are available to the public as requested and provided via mail or electronically. Form 990, Part IX, Line 11g Outsourced Services Include: Strategic Planning, Professional Development Sessions, Webinars, Web Design, Content Development, Conference Programming, Volunteer Operations, Marketing Agency Services and Association Management Services. The filing of the 990 is later than the deadline because the National Black MBA Association's external annual audit was not completed until after the filing date.