National Association of Black Accountants Inc
Nonprofit profile at a glance
- EIN
- 521977083
- IRS 990 coverage
- 2014–2020
- Forms available
- Form 990 2020, Form 990-EZ 2013
- Location
- Atlanta, GA, USA
- Phone
- 5618276864
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $221,297
- Expenses
- $142,965
- Assets
- $905,621
- Liabilities
- $8,391
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Jaynitsa Paul (President)
- Crystal Martin (Vice President)
People named in this filing
- Jaynitsa Paul (President)
- Crystal Martin (Vice President)
- Raquhel Alexander (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote and develop the professional skills of our members; To encourage and assist minority students in entering the accounting profession; To provide opportunities for members to fulfill their civic responsibilities; To ensure long-term financial stability and provide adequate resources to implement chapter, regional and national programs; and To represent the interest of current and prospective minority accounting professionals
What it reported doing in 2020
Provide scholarships to college students Scholarship recipients are determined as follows: Full-time students submit scholarship applications which detail their accomplishments, activities and grades; The scholarship applications are evaluated by a committee of volunteers; Each student's application is given a score based on a grading scale; and Students receiving the highest score are awarded scholarships based on available scholarship awards.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 72
- Accountability: 82
- Sustainability: 78
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.7%; rating input score 59
- Program expense ratio: 86.3%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 84.6%; rating input score 85; 2nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 47.5%; rating input score 48; 39th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 35.4%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 6.33; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: -0.2% per year; rating input score 0; 45th percentile among comparable filings
- Revenue growth: 8.6% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 10.8% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 58.7% of revenue deployed · 86.3% of spending went to programs
- Governance: 11 of 11 board members independent · 4 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $123K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 19 of 21 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 7 filing years from 2014 to 2020
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Moderate — Transparency & Controls: Grant itemization coverage scored 48/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.