Central New Jersey Chapter of the National Black Mba Association Inc

Nonprofit profile at a glance

EIN
311605156
IRS 990-EZ coverage
2012–2023
Forms available
Form 990-EZ 2023, Form 990-N 2019
Location
Newark, NJ, USA
Phone
7322462878
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$18,000
Expenses
$11,578
Assets
$125,129

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • SONYA RUFFIN (PRESIDENT)

People named in this filing

  • SONYA RUFFIN (PRESIDENT)
  • JOHN MONTGOMERY (VP OF ADMINS)
  • ADRIENNE COMBS (VP OF FINANC)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission is to assist in the professional, entreprenueurial, economic and intellectual development of members, corporate partners and the community at-large. Members are encouraged to share their expertise by participating in various chapter activities which focus on three themes: career and professional development, cultivating partnerships with local businesses, and community service, with a special emphasis placed on the intellectual development of our youth.

What it reported doing in 2023

The organization gains its strength from a strong belief in community and a commitment to its development through economic and educational development initiatives that support the global african american community. These initiatives are achived through various chapter events and programs. There are three program pillars: 1. Education & career exploration 2. Leadership & professional development 3. Economic prosperity

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 82
  • Sustainability: 74
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.5%; rating input score 66
  • Program expense ratio: 80.7%; rating input score 81

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 35.7%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 10.81; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -13.1% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -9.6% per year; rating input score 0; 26th percentile among comparable filings
  • Asset growth: 6.7% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 65.5% of revenue deployed · 80.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $9K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2012 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.