Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
Balance Sheet
Statement of Revenue
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.
Leadership and pay
Officers, Directors & Key Employees
Laverne Toombs’s $58K as Executive Director is at the 35th percentile of top reported officer pay among 1709 $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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Governance & Policies
Mission and programs
Empowers African-American entrepreneurs for sustainable growth and economic expansion.
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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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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 Latest | $309K | $336K | -32% | 990 PDF |
| FY2023 | Not on file | |||
| FY2022 | Not on file | |||
| FY2021 Viewing | $453K | $376K | +90% | 990 PDF |
| FY2020 | $239K | $187K | 990 PDF | |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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