2025-11-14T13:03:00-06:00 2024-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2024-01-01 237348780 NATIONAL BLACK MBA ASSOCIATION INC NATI 4042600180 400 WEST PEACHTREE ST NW SUITE 203 ATLANTA GA 30308 ORLANDO ASHFORD INTERIM PRESIDENT AND CEO 4042600180 2025-11-13 1 0 TIANA WYNN P00997288 4105840060 2024 2025-03-06 01:10:19Z ORLANDO ASHFORD 400 WEST PEACHTREE ST NW SUITE 203 ATLANTA GA 30308 11445834 0 X WWW.NBMBAA.ORG X 1970 GA SEE ATTACHMENT A 10 10 39 10 0 0 1778452 1501333 10076414 9728422 45199 57856 46558 158223 11946623 11445834 334445 249249 0 0 2721459 3360801 0 0 0 9430294 11355770 12486198 14965820 -539575 -3519986 4991568 3865722 3074671 5408551 1916897 -1542829 X 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 6531857 9526716 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. 1602568 3000 201706 PARTNER RELATIONS 953698 62000 935808 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 REGULAR SEMINARS DURING THE YEAR AND HOSTED A SCALEUP PITCH COMPETITION TO ENCOURAGE AND PROVIDE FUNDING FOR OUR ENTREPRENEURS AND OTHER INITIATIVES DRIVEN BY OUR LOCAL CHAPTERS. THERE ARE 34 LOCAL NBMBAA CHAPTERS AND APPROXIMATELY 10,000 MEMBERS THROUGHOUT NORTH AMERICA. 2903884 184249 2903884 184249 11992007 1 1 0 0 0 0 0 0 0 1 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 1 0 0 0 0 0 0 0 0 1 77 0 1 39 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X ORLANDO ASHFORD 4042600180 400 WEST PEACHTREE STREET NW SUITE ATLANTA GA 30308 BILL BORDEN VICE CHAIR, LEADERSHIP PROGRAMS & CHAPTER DEVELOPM 2.00 X X 0 0 0 CHRISTINE SIMMONS BOARD MEMBER 2.00 X 0 0 0 DR WAYNE FREDERICK BOARD MEMBER 2.00 X 0 0 0 JASON CAMPBELL BOARD MEMBER 2.00 X 0 0 0 JON WALLS BOARD MEMBER 2.00 X 0 0 0 KEVIN D WRIGHT BOARD MEMBER 2.00 X 0 0 0 LESLIE COLEMAN CHAIR 2.00 X X 0 0 0 MICHAEL E HAMILTON BOARD MEMBER 2.00 X 0 0 0 MICHAEL MCNEIL VICE CHAIR, ADVANCEMENT & DEVELOPMENT 2.00 X X 0 0 0 RENEE HORNE FINANCE COMMITTEE CHAIR, TREASURER 2.00 X X 0 0 0 ELAINE RICHARDSON SR. DIRECTOR, CONFERENCE OPERATIONS & SPECIAL EVEN 40.00 X 166282 0 0 H BEECHER HICKS III PRESIDENT & CEO 40.00 X 335050 0 0 PAULA FONTANA VP, STRATEGIC PROGRAMMING INITIATIVES 40.00 X 155164 0 0 KIANA CORNISH CHIEF DEVELOPMENT OFFICER 40.00 X 116924 0 0 MARSHALL NORWOOD CHIEF FINANCIAL OFFICER 40.00 X 124636 0 0 NYISHA HUNT CHIEF OF STAFF 40.00 X 102652 0 0 TOKEA TAN MORALES CHIEF LEARNING OFFICER 40.00 X 135459 0 0 1136167 0 0 7 0 1 0 EVENT ADVISORY GROUP 10474 ARMSTRONG STREET FAIRFAX VA 22030 EXHIBIT SALES MANAGEMENT SERVICES 1338608 ARAMARK SFS PENN CONVENTION CENTER 1101 ARCH STREET PHILADELPHIA PA 19107 CONFERENCE ROOMS/CATERING 804424 ENCORE GROUP 23918 NETWROK PLACE CHICAGO IL 60673 CONFERENCE AUDIO VISUAL 722761 RENAISSANCE WASHINGTON DC HOTEL DBA THE 1201 MARKET STREET PHILADELPHIA PA 19107 CONFERENCE ROOMS/CATERING 208742 SHEPARD EXPOSITION SERVICES 1424 HILLS PLACE ATLANTA GA 30318 EVENT PRODUCTION/SHOW MANAGEMENT 199120 6 935808 565525 1501333 ANNUAL CONFERENCE 611430 9526716 9526716 PRODUCT SALES 900099 201706 201706 9728422 57856 57856 OTHER INCOME 900099 158223 158223 158223 11445834 9886645 0 57856 X 249249 249249 860917 593021 267896 1964882 1353460 611422 280992 173930 107062 254010 174956 79054 45777 45777 5276547 4909334 367213 304033 303355 678 216818 29412 187406 329753 90753 239000 482537 389585 92952 954019 840112 113907 1919752 1886013 33739 27140 27140 221813 221813 140234 107481 32753 MEMBERSHIP REBATES 515776 515776 0 AWARDS AND GIFTS 247805 242337 5468 BANK AND CREDIT CARD CH 246518 3 246515 ALL OTHER EXPENSES 244948 74270 170678 182300 58960 123340 14965820 11992007 2973813 0 508985 407319 1242358 495229 685562 644047 73346 21317 2688050 1107975 1782592 1580075 602554 662814 96171 54921 4991568 3865722 456179 2260860 1309694 1107771 1201977 1805853 106821 234067 3074671 5408551 X 1253165 -2167811 663732 624982 1916897 -1542829 4991568 3865722 -3519986 60260 0 X 0 1 X 1 0 X 1337568 1323035 1454073 1778452 1501333 7394461 1337568 1323035 1454073 1778452 1501333 7394461 7394461 58886 39607 -85227 45199 57856 116321 7510782 0.98450 0.98320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 587066 587066 587066 587066 556967 30099 587066 511407 45560 556967 489406 22001 511407 1.00000 0 0 1825238 414869 1410369 472877 386799 86078 389935 306307 83628 1580075 CORPORATE PARTNER OVERPAYMENT 56000 PASS-THROUGH LIABILITY 95984 SCHOLARSHIP ESCROW 82083 234067 X 11539775 60260 33681 93941 11445834 0 11445834 14999501 33681 33681 14965820 0 14965820 PART X, LINE 2: NBMBAA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. NBMBAA PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2021 THROUGH 2024 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH NBMBAA FILES TAX RETURNS. IT IS NBMBAA'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. 0 SCHOLARSHIPS 182 249249 X X 0 0 0 0 0 0 0 0 0 H BEECHER HICKS III PRESIDENT & CEO 335000 0 0 0 50 0 0 0 0 0 335050 0 0 0 ELAINE RICHARDSON SR. DIRECTOR, CONFERENCE OPERATIONS 154614 0 11000 0 668 0 0 0 0 0 166282 0 0 0 PAULA FONTANA VP, STRATEGIC PROGRAMMING INITIATIVE 145014 0 9500 0 650 0 0 0 0 0 155164 0 0 0 X SUPPLIES 0 33681 0 1 0 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 OTHER: PROGRAM SERVICE EXPENSES 4,909,334. MANAGEMENT AND GENERAL EXPENSES 367,213. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,276,547.