Norbcc INC FY2021 filing
Empowers African-American entrepreneurs for sustainable growth and economic expansion. For fiscal year 2021 it reported $453K in revenue, $376K in expenses, and $188K in net assets.Pt I
- Type
- Business league / trade association · Community Development
- Location
- New Orleans, LA
- Website
- www.norbchamber.org
- Filings
- 3 on file (2020–2021)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
Annual Golf Tournament
NORBCCS Annual Golf Tournament is a premier networking event held to appreciate the loal New Orleans business community. This exclusive Chamber event is a great way to both market your company and enjoy a day on the course.
Annual membership capacity building meeting to bring together business owners, corporate executives, government officials and others into a powerful networking and skills building forum
Annual Membership Meeting
Our annual membehsip meeting brings together business owners, corporate executives, government officials, and others into a powerful networking and relationship-building forum. NORBCC officers and Board of Directors are presented to members at the event.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Laverne Toombs’s $58K as Executive Director is at the 36th percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| Laverne Toombs | $58,000 | — |
| Kelisha Garrett | — | $50,352 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 65% | — | — |
| Overhead ratio | 28% | — | — |
| Fundraising cost ratio | 5% | — | — |
| Revenue growth | 90% | — | — |
| Legal fee ratio | 2% | — | — |
| Accounting fee ratio | 7% | — | — |
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.
Grants
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Filings & Schedule Manifest
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Sources
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