Civic Intelligence

Norbcc Inc

990 • Fiscal year 2020 • EIN 45-5108367

Jan 01, 2020 to Dec 31, 2020 • Filed on May 14, 2021

6600 Plaza Drive Ste 305New Orleans, LA 70127

(504) 948-0991

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.08x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

63rd percentile

0.04x

Higher debt load relative to revenue than 63% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

94th percentile

97%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

-14%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$121,194

Up $59,743 (+97%) from 2019

Net Assets

Up

$111,133

Up $51,114 (+85%) from 2019

Liabilities

Up

$10,061

Up $8,629 (+603%) from 2019

Revenue

Down

$238,506

Down $38,554 (-14%) from 2019

Expenses

Down

$187,330

Down $90,124 (-32%) from 2019

Net Income

Up

$51,176

Up $51,570 (+13089%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2012: $8,468Liabilities 2012: $02012Assets 2013: $8,056Liabilities 2013: $5,5002013Assets 2014: $5,705Liabilities 2014: $5,5002014Assets 2015: $25,020Liabilities 2015: $9,5002015Assets 2016: $57,701Liabilities 2016: $13,5972016Assets 2017: $57,197Liabilities 2017: $8,5022017Assets 2018: $60,337Liabilities 2018: $20,000Net Assets 2018: $40,3372018Assets 2019: $61,451Liabilities 2019: $1,432Net Assets 2019: $60,0192019Assets 2020: $121,194Liabilities 2020: $10,061Net Assets 2020: $111,1332020Assets 2021: $194,878Liabilities 2021: $7,139Net Assets 2021: $187,7392021Assets 2024: $18,734Liabilities 2024: $6,300Net Assets 2024: $12,4342024

Highlighted filing

2020

Assets$121,194
Liabilities$10,061
Net Assets$111,133

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $52,403Expenses 2012: $43,935Net Income 2012: $8,4682012Revenue 2013: $120,069Expenses 2013: $125,981Net Income 2013: -$5,9122013Revenue 2014: $116,362Expenses 2014: $118,713Net Income 2014: -$2,3512014Revenue 2015: $133,078Expenses 2015: $117,763Net Income 2015: $15,3152015Revenue 2016: $130,167Expenses 2016: $101,584Net Income 2016: $28,5832016Revenue 2017: $153,637Expenses 2017: $149,046Net Income 2017: $4,5912017Revenue 2018: $198,121Expenses 2018: $206,479Net Income 2018: -$8,3582018Revenue 2019: $277,060Expenses 2019: $277,454Net Income 2019: -$3942019Revenue 2020: $238,506Expenses 2020: $187,330Net Income 2020: $51,1762020Revenue 2021: $452,982Expenses 2021: $376,092Net Income 2021: $76,8902021Revenue 2024: $309,148Expenses 2024: $336,447Net Income 2024: -$27,2992024

Highlighted filing

2020

Revenue$238,506
Expenses$187,330
Net Income$51,176
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 14, 2021
Return Version
2020v4.1
Gross Receipts
$238,506
Mission and Program Overview

Mission

The organization's primary exempt purpose is as a member-based organization comprised of minority and local owned businesses with a focus on advocacy and providing awareness of resources and opportunities

To support, promote and educate our members for sustainable growth and expansion. Also to empower and and sustain the African-American business community through entrepreneurship and economic activity in the Greater New Orleans and global economy as a whole.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$61,451$121,194▲ $59,743
Total Assets$61,451$121,194▲ $59,743
Liabilities
Deferred Revenue-$10,000-
Accounts Payable and Accrued Expenses$1,432$61▼ $1,371
Total Liabilities$1,432$10,061▲ $8,629
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$60,019$111,133▲ $51,114
Total Net Assets Fund Balance$60,019$111,133▲ $51,114
Total Liabilities and Net Assets / Fund Balance$61,451$121,194▲ $59,743
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kelisha GarrettExecutive DirectorPT$50,352$50,352

Board Members and Trustees

NameTitle
Margaret Montgomery-richardExecutive Committee Chair
Alfonso Gonzalez IiBoard Member
Arkebia MatthewsBoard Member
Edward RobinsonBoard Member
Geri BaloneyBoard Member
Kewana PateBoard Member
Lorraine DinvautBoard Member
Percy MansonBoard Member
Perry SholesBoard Member
Shawntele GreenBoard Member
Josline Gosserand FrankExecutive Committee Secretary
Patricia JonesExecutive Committee Treasurer
Vanessa JamesExecutive Committee Treasurer
Krista Pouncy-dysonExecutive Committee Vice Chai
Revenue and Support

Revenue Composition

Contributions and Grants
$93,925
Program Service Revenue
$144,088
Investment Income
$280
Other Revenue
$213
Change in Net Assets
$51,176
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$136,638
Salaries, Compensation, and Employee Benefits$50,692
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$50,352-$50,352
Other Salaries and Wages$47,020--$47,020
Occupancy-$16,961-$16,961
Fees for Services Accounting$6,992$6,992-$13,984
Advertising$13,114--$13,114
All Other Expenses-$12,498-$12,498
Information Technology-$3,850-$3,850
Office Expenses-$3,724-$3,724
Payroll Taxes$3,672--$3,672
Insurance-$3,377-$3,377
Fees for Services Legal-$1,386-$1,386
Conferences and Meetings$505$111-$616
Other Expenses$438$303-$438
Travel$83--$83
Interest-$27-$27
Total Functional Expenses$78,499$108,831$0$187,330
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The Form 990 shall be distributed electornically to eachmember of the Board of Directors of the Corporation. The Form 990 shall at all times be available to members of the organization within the offices of the chamber. Access to review the Form 990 shall be limited to Monday through Friday during normal business hours.

Conflict of interest policy compliance Part VI line 12C

Each Board member is required to sign and comply with the Corporations Conflict of Interest Policy, including full disclosure of any potential conflict of interest and recusal.

CEO executive director top management comp Part VI line 15A

The Corporation uses comparability data, and independent persons to review and make recommendations to the Board of Directors for executive compensation. Such packages must be adopted by the Board for implementation.

Other officer or key employee compensation Part VI line 15B

Pt VI, Line 15a: The salaries of employees and agents of the Corporation shall be fixed by resolution duly adopted by the Board of Directors, and such persons shall be entitled to the payment or reimbursement by the Corporation of expenses; provided that such salary or expense payment or reimbursement shall be made only in respect to services rendered to the Corporation which are reasonalbe and necessary to carry out the purposes of the Corporation and shall not be excessive in amount.

Governing documents etc available to public Part VI line 19

The governing documents shall at all times be available to members of the organization within the offices of the chamber. Access to review the Form 990 shall be limited to Monday through Friday during normal business hours.

Filing and Contact Details

Filer

Filer Name
Norbcc Inc
EIN
45-5108367
Address
6600 PLAZA DRIVE STE 305, New Orleans, LA 70127

Signing Officer

Name
LaVerne Toombs
Title
Executive Direc
Phone
5049480991
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
La
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
40

Preparer

Firm
CFO Ink & Notary LLC
Address
7520 Chef Menteur Hwy, New Orleans, LA 70126
Preparer
Patricia Jones
Phone
5042659200
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Licenses and Registrations: Total $205Business Subscriptions: Total $1,003Bank Service Fees: Total $75Books, Subscriptions, References: Total $8,565CC Merchant Processing Fees: $2,650

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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACTORS
IRS990/OtherExpensesGrp/Desc1DESIGNPRINTING LIST RENTAL
IRS990/OtherExpensesGrp/Desc2PHOTOGRAPHYVIDEOGRAPHY
IRS990/OtherExpensesGrp/Desc3SUPPLIES-EVENTS CONSUMABLES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09250
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1303
IRS990/OtherExpensesGrp/ProgramServicesAmt04048
IRS990/OtherExpensesGrp/ProgramServicesAmt12477
IRS990/OtherExpensesGrp/ProgramServicesAmt2150
IRS990/OtherExpensesGrp/ProgramServicesAmt3438
IRS990/OtherExpensesGrp/TotalAmt013298
IRS990/OtherExpensesGrp/TotalAmt12780
IRS990/OtherExpensesGrp/TotalAmt2150
IRS990/OtherExpensesGrp/TotalAmt3438
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0213
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0213
IRS990/OtherRevenueTotalAmt0213
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt047020
IRS990/OtherSalariesAndWagesGrp/TotalAmt047020
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt03672
IRS990/PayrollTaxesGrp/TotalAmt03672
IRS990/PoliticalCampaignActyInd0false
IRS990/PriorPeriodAdjustmentsAmt0-62
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1EVENTS CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023363
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1120725
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023363
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1120725
IRS990/ProgSrvcAccomActy2Grp/Desc0Annual Policy Luncheon: The annual luncheon provides an opportunity for attendees to network with fellow business owners, corporate executives, and government officials while hearing a keynote speaker.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt027475
IRS990/ProgSrvcAccomActy3Grp/Desc0Annual 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt019625
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt097798
IRS990/PYInvestmentIncomeAmt0240
IRS990/PYOtherExpensesAmt0203894
IRS990/PYProgramServiceRevenueAmt0179022
IRS990/PYRevenuesLessExpensesAmt0-394
IRS990/PYSalariesCompEmpBnftPaidAmt073560
IRS990/PYTotalExpensesAmt0277454
IRS990/PYTotalRevenueAmt0277060
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt051176
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 shall be distributed electornically to eachmember of the Board of Directors of the Corporation. The Form 990 shall at all times be available to members of the organization within the offices of the chamber. Access to review the Form 990 shall be limited to Monday through Friday during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each Board member is required to sign and comply with the Corporations Conflict of Interest Policy, including full disclosure of any potential conflict of interest and recusal.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Corporation uses comparability data, and independent persons to review and make recommendations to the Board of Directors for executive compensation. Such packages must be adopted by the Board for implementation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Pt VI, Line 15a: The salaries of employees and agents of the Corporation shall be fixed by resolution duly adopted by the Board of Directors, and such persons shall be entitled to the payment or reimbursement by the Corporation of expenses; provided that such salary or expense payment or reimbursement shall be made only in respect to services rendered to the Corporation which are reasonalbe and necessary to carry out the purposes of the Corporation and shall not be excessive in amount.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing documents shall at all times be available to members of the organization within the offices of the chamber. Access to review the Form 990 shall be limited to Monday through Friday during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Licenses and Registrations: Total $205Business Subscriptions: Total $1,003Bank Service Fees: Total $75Books, Subscriptions, References: Total $8,565CC Merchant Processing Fees: $2,650
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt061451
IRS990/TotalAssetsEOYAmt0121194
IRS990/TotalAssetsGrp/BOYAmt061451
IRS990/TotalAssetsGrp/EOYAmt0121194
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt093925
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0108831
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt078499
IRS990/TotalFunctionalExpensesGrp/TotalAmt0187330
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01432
IRS990/TotalLiabilitiesEOYAmt010061
IRS990/TotalLiabilitiesGrp/BOYAmt01432
IRS990/TotalLiabilitiesGrp/EOYAmt010061
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt060019
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0111133
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt078499
IRS990/TotalProgramServiceRevenueAmt0144088
IRS990/TotalReportableCompFromOrgAmt050352
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0144581
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0238506
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt061451
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0121194
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt083
IRS990/TravelGrp/TotalAmt083
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.NORBCHAMBER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LaVerne Toombs
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum05049480991
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORBCC INC
ReturnHeader/Filer/BusinessNameControlTxt0NORB
ReturnHeader/Filer/EIN0455108367
ReturnHeader/Filer/USAddress/AddressLine1Txt06600 PLAZA DRIVE STE 305
ReturnHeader/Filer/USAddress/CityNm0New Orleans

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