2023-11-15T10:26:52-06:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-01-01 237097490 NATIONAL ASSOCIATION OF BLACK ACCOUNTANTS INC NATI 3014746222 6406 IVY LANE 200B GREENBELT MD 20770 GUYLAINE SAINT JUSTE PRESIDENT & CEO 3014746222 2023-11-15 1 GUYLAINE SAINT JUSTE 999009999 1 AARON M FOX P01365820 2028225000 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GUYLAINE SAINT JUSTE 6406 IVY LANE 200B GREENBELT MD 20770 31789523 0 2483 X WWW.NABAINC.ORG X 1970 NY TO ENSURE UNLIMITED OPPORTUNI- TIES FOR BLACKS IN THE ACCOUNTING AND RELATED BUSINESS PROFESSIONS 13 13 18 750 0 0 975000 10362942 489163 4210699 168464 90864 10832 0 1643459 14664505 23490 498333 0 0 1126213 2152097 0 0 0 910813 4525252 2060516 7175682 -417057 7488823 4089304 11793156 1567966 1672866 2521338 10120290 TO ADDRESS THE PROFESSIONAL NEEDS OF ITS MEMBERS AND TO BUILD LEADERS THAT SHAPE THE FUTURE OF THE ACCOUNTING AND FINANCE PROFESSION WITH AN UNFALTERING COMMITMENT TO INSPIRE THE SAME IN THEIR SUCCESSORS. 0 0 2559667 4108638 NATIONAL CONVENTION - PROVIDES A FORUM FOR PROGRAMMING, TRAINING, AND NETWORKING WHILE UNITING NABA MEMBERS, THE CORPORATE COMMUNITY, ACADEMICS AND OTHERS INTERESTED IN PROMOTING THE MISSION AND GOALS OF NABA. THE NATIONAL CONVENTION ENHANCES THE MANAGEMENT SKILLS AND PRODUCTIVITY OF ITS MEMBERS THROUGH FOCUSED WORKSHOPS AND TECHNICAL SESSIONS. IT PROVIDES BRANDING AND IMAGING OPPORTUNITIES AS WELL AS DIVERSITY RECRUITING AND HIRING SOLUTIONS FOR ITS CORPORATE PARTNERS. THE NATIONAL CONVENTION HOSTS A SERIES OF LEADERSHIP WORKSHOPS. 2002852 498333 102061 NABA'S OTHER PROGRAM CONTENT AND EVENTS CREATE VALUABLE OPPORTUNITIES TO ADDRESS THE NEEDS OF PARTNERS, PROFESSIONALS AND THE PIPELINE, FOSTERING GROWTH AND SUCCESS AT EVERY STAGE IN THE NABA LIFE CYCLE. 367931 MEMBERSHIP - WE UNITE THROUGH MEMBERSHIP - ACCOUNTANTS, FINANCE AND BUSINESS-RELATED PROFESSIONALS AND STUDENTS WHO HAVE SIMILAR INTERESTS AND IDEALS, ARE COMMITTED TO PROFESSIONAL AND ACADEMIC EXCELLENCE, POSSESS A SENSE OF PROFESSIONAL AND CIVIC RESPONSIBILITY, AND ARE CONCERNED WITH ENHANCING OPPORTUNITIES FOR MINORITIES IN THE ACCOUNTING, FINANCE AND RELATED BUSINESS PROFESSIONS. 4930450 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 0 NY X SHON MCGHEE 3014746222 6406 IVY LANE 200B GREENBELT MD 20770 HERSCHEL FRIERSON CHAIR 10.00 X X 0 0 0 SHERRY ANN MOHAN MBA CPA VICE CHAIR 10.00 X X 0 0 0 NOEL BOWERS NATIONAL SECRETARY 5.00 X X 0 0 0 JESSE RHODES JR NATIONAL TREASURER 5.00 X X 0 0 0 ZENAI BROOKS CENTRAL REGIONAL PRESIDENT 5.00 X 0 0 0 RAUTZ MARC EASTERN REGIONAL PRESIDENT 5.00 X 0 0 0 CRYSTAL MARTIN SOUTHERN REGIONAL PRESIDENT 5.00 X 0 0 0 BRITTANI BISHOP WESTERN REGIONAL PRESIDENT 5.00 X 0 0 0 ANGEL JOHNSON NATIONAL DIRECTOR 5.00 X 0 0 0 JASON BOOKER NATIONAL DIRECTOR 5.00 X 0 0 0 TASHA AUSTIN NATIONAL DIRECTOR 5.00 X 0 0 0 DURRAN DUNN NATIONAL DIRECTOR 5.00 X 0 0 0 GUYLAINE SAINT JUSTE PRESIDENT & CEO 40.00 X 314519 0 12115 KIM WILSON SVP, STAKEHOLDER EXPERIENCE AND ENGAGEMENT 40.00 X 167500 0 16063 TOI ESHUN SVP, MARKETING & COMMUNICATIONS 40.00 X 163139 0 28215 SUZANNE BROWN SVP OF PROGRAMS 40.00 X 150649 0 5273 SHON MCGHEE SVP OF FINANCE 40.00 X 154518 0 13543 LAUREN BURKE CHIEF OF BD 40.00 X 140421 0 26062 1090746 0 101271 8 0 1 0 WHITEFORD TAYLOR & PRESTON SEVEN SAINT PAUL STREET BALTIMORE MD 21202 LEGAL FEES 164242 FOCA CONSULTING 4507 STARLEE DRIVE MOSELEY VA 23120 CONSULTING SERVICES 163494 PURPOSE BRAND 875 N MICHIGAN AVENUE SUITE 3100 CHICAGO IL 60611 CONSULTING SERVICES 145980 CONSCIOUSLY COMPANY LLC 1 LAUREL PLACE MONTCLAIR NJ 07043 CONSULTING SERVICES 117000 4 749375 9613567 10362942 NATIONAL CONVENTION 900099 4108638 4108638 CAREER CENTER 900099 102061 102061 4210699 163618 163618 17052264 17125018 -72754 -72754 -72754 14664505 4210699 0 90864 X 498333 498333 326634 195980 130654 1478702 1199257 279445 49521 35876 13645 177236 124063 53173 120004 84003 36001 164241 74187 90054 37825 37825 2195061 991499 1203562 12114 8359 3755 9857 1000 8857 206279 63260 143019 25983 24068 1915 388940 279765 109175 433484 433484 39110 39110 8400 7560 840 59504 29153 30351 MEALS 543582 543582 STAFF TRAINING 131557 92090 39467 CONVENTION SPONSORSHIPS 73690 64659 9031 SPEAKER FEES 62477 56750 5727 133148 84412 48736 7175682 4930450 2245232 0 425499 1802259 85379 1989698 20758 62782 383282 208828 11570 174454 3546098 7620817 0 143146 4089304 11793156 534795 810233 964121 648587 69050 214046 1567966 1672866 X 1294464 7818717 1226874 2301573 2521338 10120290 4089304 11793156 7488823 -661117 771246 0 X 0 1 X 1 0 X 996065 976569 3221541 975000 10362942 16532117 996065 976569 3221541 975000 10362942 16532117 2320026 14212091 80467 60189 76508 159660 163618 540442 17072559 10672738 0.83250 0.86830 X PART II, SHORT YEAR EXPLANATION: IN MARCH 2022, NABA'S BOARD OF DIRECTORS APPROVED A CHANGE OF NABA'S FISCAL YEAR END FROM JUNE 30 TO DECEMBER 31, 2021. AS A RESULT OF THIS CHANGE, THE COLUMNS IN THE SCHEDULE A, PART II SUPPORT SCHEDULE REPORT THE ACTIVITY FOR THE ORGANIZATION'S TAX YEARS AS FOLLOWS (COLUMN: TAX YEAR): 2018: JUNE 30, 2019 2019: JUNE 30, 2020 2020: JUNE 30, 2021 2021: DECEMBER 31, 2021 2022: DECEMBER 31, 2022 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 280996 167853 113143 102286 40975 61311 174454 DUE TO CHAPTERS AND REGIONS 29500 LEASE LIABILITY--OPERATING 143146 OTHER LIABILITIES 41400 214046 X 14970102 -661117 1004539 343422 14626680 37825 37825 14664505 8142396 1004539 1004539 7137857 37825 37825 7175682 PART X, LINE 2: NABA PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE EIGHTEEN-MONTH PERIOD ENDED DECEMBER 31, 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2022, THERE WERE NO EXAMINATIONS IN PROGRESS OR PENDING WITH TAXING AUTHORITIES. IT IS NABA'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAINTY IN INCOME TAXES, IF ANY, IN INCOME TAX EXPENSE. 0 SCHOLARSHIPS 155 498333 X X 0 0 0 0 0 0 0 1 0 GUYLAINE SAINT JUSTE PRESIDENT & CEO 247019 0 67500 0 0 0 12115 0 0 0 326634 0 0 0 TOI ESHUN SVP, MARKETING & COMMUNICATIONS 153139 0 10000 0 0 0 6976 0 21239 0 191354 0 0 0 KIM WILSON SVP, STAKEHOLDER EXPERIENCE AND ENGA 150500 0 17000 0 0 0 6608 0 9455 0 183563 0 0 0 SHON MCGHEE SVP OF FINANCE 134518 0 20000 0 0 0 6335 0 7208 0 168061 0 0 0 LAUREN BURKE CHIEF OF BD 115421 0 25000 0 0 0 7126 0 18936 0 166483 0 0 0 SUZANNE BROWN SVP OF PROGRAMS 148149 0 2500 0 0 0 119 0 5154 0 155922 0 0 0 PART I, LINE 7 BONUSES WERE PAID OUT THAT WERE AT THE DISCRETION OF THE CEO (FOR STAFF BONUSES) AND AT THE DISCRETION OF THE CHAIRMAN & VICE CHAIRMAN OF THE BOARD (FOR THE CEO'S BONUS). BONUSES ARE CONTIGENT UPON THE OVERALL PERFORMANCE OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 NABA HAS VARIOUS CLASSES OF MEMBERS, HOWEVER, ONLY PROFESSIONAL MEMBERS SHALL HAVE THE RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 7A PROFESSIONAL MEMBERS SHALL BE THOSE PERSONS APPLYING FOR MEMBERSHIP WHO ARE CERTIFIED OR LICENSED BY THE STATE OR TERRITORY OF POSSESSION OF THE UNITED STATES TO PRACTICE ACCOUNTING, AUDITING, OR FINANCE OR WHO ARE ACTIVELY ENGAGED IN PUBLIC, PRIVATE, GOVERNMENTAL, OR ACADEMIC SECTORS IN THE ACCOUNTING OR FINANCE-RELATED AREAS AND WHO OBTAINED A POST-SECONDARY DEGREE FROM A COLLEGE OR UNIVERSITY WITH A MAJOR IN ACCOUNTING, FINANCE, OR OTHER BUSINESS-RELATED FIELD. PROFESSIONAL MEMBERS IN GOOD STANDING SHALL HAVE THE RIGHT TO VOTE ON THE ELECTION OF THE CORPORATION'S OFFICERS AND DIRECTORS, AND, WITHIN THEIR REGION FOR REGIONAL OFFICERS AND/OR DIRECTORS, AND SHALL HAVE THE RIGHT TO VOTE ON ANY AMENDMENT TO THE CERTIFICATE OF INCORPORATION OF THESE BYLAWS, OR ANY OTHER MATTER REQUIRED TO BE SUBMITTED TO THE MEMBERS FOR A VOTE BY LAW. EACH PROFESSIONAL MEMBER SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER PRESENTED TO THE PROFESSIONAL MEMBERS FOR A VOTE. FORM 990, PART VI, SECTION A, LINE 7B REFER TO EXPLANATION FOR PART VI, LINE 7A FOR MEMBERS WITH THE RIGHTS TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B NABA ENGAGES AN EXTERNAL PUBLIC ACCOUNTING FIRM TO PREPARE THE FEDERAL FORM 990. THE NATIONAL TREASURER AND THE AUDIT COMMITTEE REVIEW THE DRAFT FEDERAL FORM 990 ON BEHALF OF THE FULL BOARD OF DIRECTORS. THE AUDIT COMMITTEE APPROVES THE FINAL VERSION OF THE FEDERAL FORM 990 BEFORE IT IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REQUIRED TO BE SIGNED ANNUALLY BY THE BOARD OF DIRECTORS. DURING THE YEAR, IT IS MANDATORY THAT ANY CONFLICT OF INTEREST OR SUSPECTED CONFLICT OF INTEREST BE BROUGHT TO THE ATTENTION OF THE PRESIDENT & CEO. THIS PROCESS IS ADMINISTERED BY THE NATIONAL SECRETARY. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATIONAL EFFECTIVENESS AND PERSONNEL COMMITTEE DEVELOPS AN APPROPRIATE SALARY FOR THE PRESIDENT & CEO. THE CONTRACT OR EMPLOYMENT LETTER IS APPROVED BY THE BOARD OF DIRECTORS AND SIGNED BY THE PRESIDENT & CEO, AND THE CHAIR OF THE BOARD. A SIMILAR PROCESS IS UNDERTAKEN FOR OTHER OFFICERS OF NABA. FORM 990, PART VI, SECTION C, LINE 19 NABA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 991,499. MANAGEMENT AND GENERAL EXPENSES 1,203,562. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,195,061.