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National Black Mba Association
National Black Mba Association reported $11.4 million in revenue and $15.0 million in expenses for calendar year 2024. Of every $100 it spent, $80.13 went to program services, $19.87 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.0% of the total. The highest compensation it reported for one person was $335,050 (PRESIDENT & CEO). 7 people received more than $100,000 in reportable compensation. Revenue rose 61% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.1% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.9% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 13.1% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 85.0% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $335,050 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.24% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 7 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -1.2 | 9.2 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseAnnual 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
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Key employee, 40.00 hrs/week | $335,050 | $0 | $0 | $335,050 |
| SR. DIRECTOR, CONFERENCE OPERATIONS & SPECIAL EVEN Key employee, 40.00 hrs/week | $166,282 | $0 | $0 | $166,282 |
| VP, STRATEGIC PROGRAMMING INITIATIVES Key employee, 40.00 hrs/week | $155,164 | $0 | $0 | $155,164 |
| CHIEF LEARNING OFFICER Highest compensated employee, 40.00 hrs/week | $135,459 | $0 | $0 | $135,459 |
| CHIEF FINANCIAL OFFICER Highest compensated employee, 40.00 hrs/week | $124,636 | $0 | $0 | $124,636 |
| CHIEF DEVELOPMENT OFFICER Highest compensated employee, 40.00 hrs/week | $116,924 | $0 | $0 | $116,924 |
| CHIEF OF STAFF Highest compensated employee, 40.00 hrs/week | $102,652 | $0 | $0 | $102,652 |
7 people received more than $100,000 in reportable compensation from National Black Mba Association (Part VII, line 2). Compensation of current officers, directors and key employees totaled $861K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 539
- Volunteers Part I, line 610
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| EVENT ADVISORY GROUP Exhibit sales management services | $1,338,608 |
| ARAMARK SFS PENN CONVENTION CENTER Conference rooms/catering | $804,424 |
| ENCORE GROUP Conference audio visual | $722,761 |
| RENAISSANCE WASHINGTON DC HOTEL DBA THE Conference rooms/catering | $208,742 |
| SHEPARD EXPOSITION SERVICES Event production/show management | $199,120 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to National Black Mba Association totaling $20,028 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from National Black Mba Association's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for National Black Mba Association, you can publish a response that is linked from this page.
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Of every $100 National Black Mba Association spent in 2024, $80.13 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Central Oklahoma Workforce Investment BoardOklahoma City, OK · revenue $11M · programs 90.8% · FY2025
- Southern California Center for Nonprofit ManagementLos Angeles, CA · revenue $11M · programs 84.5% · FY2025
- The Junior League of HoustonHouston, TX · revenue $11M · programs 85.4% · FY2025
- Waterfront Partnership of BaltimoreBaltimore, MD · revenue $12M · programs 94.6% · FY2025
- Movement Voter FundNorthampton, MA · revenue $11M · programs 56.7% · 2024
All community improvement & capacity building charities · Largest charities in Georgia
Questions people ask
How much of National Black Mba Association's spending goes to programs?
In calendar year 2024, National Black Mba Association reported that 80.1% of its $15.0 million in expenses went to program services, 19.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does National Black Mba Association pay its top executive?
The largest total compensation National Black Mba Association reported for one person in calendar year 2024 was $335,050, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does National Black Mba Association get its money?
Of $11.4 million in revenue in calendar year 2024, 13.1% came from contributions and grants and 85.0% from program service revenue (Form 990, Part VIII).
Is National Black Mba Association a registered charity?
The IRS lists EIN 23-7348780 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513189349308731 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413209349305261 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312929349301296 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202869349300140 · read the filing
- 2020: Form 990 for calendar year 2020, object 202142649349301209 · read the filing
All filings for EIN 23-7348780: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.