Group Return FY2021 filing

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EIN 30-0314908 Business league / trade association New York, NY

Form 990 (PDF)

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Revenue & expenses by yearFY2021–FY2024

Revenue

$27K

FY2021

Expenses

$17K

FY2021

Group Return EIN 30-0314908 Form 990 (PDF) Claim this org

Form 990 (PDF) Claim this org

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Promote multi-ethnic diversity within the communication industry. For fiscal year 2021 it reported $27K in revenue, $17K in expenses, and $63K in net assets.Pt I

Type: Business league / trade association · Nonprofit
Location: New York, NY
Website: www.namic.com
Filings: 4 on file (2021–2021)

Revenue

$27KFY2021

Expenses

$17K

Net assets

$63K

People

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Provided by the organization

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Size

<$100K

What they do

Promote multi-ethnic diversity within the communication industry.

Leadership

Cheryl Manley · Director & Chair

Money in and out

$27K revenue, $17K expenses

Bottom line

+36% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

GOOD

98% to programs

98% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K

Revenue band <$100K. Not enough years on file for a trend. See detail →

Membership & operating revenue · FY2021

Total revenue

$27K

Pt VIII · Ln 12

Total expenses

$17K

Pt IX · Ln 25

Net assets

$63K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $10K

Where spending went · Part IX cols B–D

98%

Program services $0.98 Management & general $0.02

Operating surplus

+36%

revenue over expenses

Earned revenue

14%

of revenue from program services & dues

Program spending

98%

of expenses reach member services

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Summary of the Filing

Part I · fiscal year 2021 · Form 990

Total assets

$63K

FY2021

Total liabilities

FY2021

Revenue less expensesPt I · Ln 19$10K

Total assetsPt X · Ln 16$63K

Program-expense ratioPt IX · col B98%

Voting members of governing bodyPt I · Ln 317

Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File

Legal name (IRS)Hdr · item CGroup Return

EINHdr · item D30-0314908

Principal addressHdr · item CNew York, NY

WebsiteHdr · item Jwww.namic.com

Year of formationHdr · item Lpending

State of legal domicileHdr · item MNY

Exempt statusHdr · item I501(c)(6) · active

NTEE classificationIRS BMFNonprofit

Ruling yearIRS BMFAug 2000

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a17

Independent voting membersPt VI · Ln 1b16

Conflict-of-interest policyPt VI · Ln 12aYes

Whistleblower policyPt VI · Ln 13Yes

Document retention policyPt VI · Ln 14Yes

CEO/top-official compensation independently reviewedPt VI · Ln 15aNo

Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Cheryl Manley

Director & Chair

$0Pt VII · Sec A

Joiava Philpott

Director & Immediate Past Chair

$0Pt VII · Sec A

Mark Kang

Director & Vice-Chair

$0Pt VII · Sec A

Pragash Pillai

Director & Treasurer

$0Pt VII · Sec A

Ebonne Ruffins

Director

$0Pt VII · Sec A

A Shuanise Washington

Director, President & CEO

$0Pt VII · Sec A

Freddy Rolon JR

Director, Secretary

$0Pt VII · Sec A

James Anderson

Director

$0Pt VII · Sec A

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Mission & Programs · Part III

Where the work happens

1 program service account for $17K of program spending, described in the organization's own filed words · FY2021.

Promoting, improving, enhancing diversity within the telecommunications industry, providing leadership, and to facilitate management education and increase the status and achievement of people of color.

$17Kprogram expense

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Statement of Revenue

Part VIII

Contributions & grants$23K · 86%

Program service revenue$4K · 14%

Contributions & grants86%$23K

Program service revenue14%$4K

Total revenueLn 12$27K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

98%

Program services $0.98 Management & general $0.02

Program services98%$17K

Management & general2%$364

Total functional expensesLn 25$17K

Balance Sheet

Part X · end of year

CashLn 1$63K

Total assetsLn 16$63K

Total liabilitiesLn 26$0

Total net assetsLn 32$63K

Months of cash on handcomputed44.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $63K · Operating expenses/yr $17K

44.3 months

Where the money goes

Program services

Program services $17K · Total expenses $17K

98%

Management & General

Management & general $364 · Total expenses $17K

Fundraising

Fundraising $0 · Total expenses $17K

Cost to raise $1

Fundraising expense $0 · Solicited contributions $23K

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $23K · Total revenue $27K

86%

Government reliance

Government grants — · Total revenue $27K

—

Earned-income share

Program service revenue $4K · Total revenue $27K

14%

Investment reliance

Investment income $0 · Total revenue $27K

Program self-sufficiency

Program service revenue $4K · Total expenses $17K

21%

Growth & trend

Revenue growth (YoY)

This year $27K · Prior year —

No prior year on file

Net-asset trend (YoY)

End of year $63K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $27K · Expenses $17K

+36%

Liabilities-to-Assets

Total liabilities — · Total assets $63K

—

Net-asset ratio

Net assets $63K · Total assets $63K

100%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $63K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Cheryl Manley · Reported title DIRECTOR & CHAIR · Highest reported compensation $0 · Total expenses $17K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $17K

—

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	98%	—	—
Overhead ratio	2%	—	—
Fundraising cost ratio	0%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2024 (Latest)$51K revenue · ⤓ 990 PDF

FY2023$32K revenue · ⤓ 990 PDF

FY2022$33K revenue · ⤓ 990 PDF

FY2021$27K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2021IRS

Classification, formation year, addressIRS Business Master File

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