Civic Intelligence

Namic Inc

990 • Fiscal year 2019 • EIN 84-1488263

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 30, 2020

Organization Profilewww.namic.com

View Organization Page

50 Broad StreetNew York, NY 10004

(212) 594-5985

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.05x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

58th percentile

0.29x

Higher debt load relative to revenue than 58% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Net Margin

20th percentile

-9.2%

Higher net margin than 20% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$217,692

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Asset Growth

82nd percentile

26%

Faster asset growth than 82% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$960,248

Up $199,140 (+26%) from 2018

Net Assets

Down

-$46,428

Down $320,095 (-117%) from 2018

Liabilities

Up

$1,006,676

Up $519,235 (+107%) from 2018

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin20th percentile

Revenue

Down

$3,477,067

Down $413,149 (-11%) from 2018

Expenses

Up

$3,797,162

Up $5,238 (+0.1%) from 2018

Net Income

Down

-$320,095

Down $418,387 (-426%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $889,981Liabilities 2011: $194,116Net Assets 2011: $695,8652011Assets 2012: $786,590Liabilities 2012: $245,089Net Assets 2012: $541,5012012Assets 2013: $1,069,195Liabilities 2013: $875,213Net Assets 2013: $193,9822013Assets 2014: $773,915Liabilities 2014: $582,650Net Assets 2014: $191,2652014Assets 2015: $931,108Liabilities 2015: $827,547Net Assets 2015: $103,5612015Assets 2016: $566,122Liabilities 2016: $514,301Net Assets 2016: $51,8212016Assets 2017: $631,743Liabilities 2017: $456,368Net Assets 2017: $175,3752017Assets 2018: $761,108Liabilities 2018: $487,441Net Assets 2018: $273,6672018Assets 2019: $960,248Liabilities 2019: $1,006,676Net Assets 2019: -$46,4282019Assets 2020: $1,276,900Liabilities 2020: $960,119Net Assets 2020: $316,7812020Assets 2021: $1,843,222Liabilities 2021: $797,583Net Assets 2021: $1,045,6392021Assets 2022: $2,386,796Liabilities 2022: $1,344,807Net Assets 2022: $1,041,9892022Assets 2023: $1,944,798Liabilities 2023: $1,039,894Net Assets 2023: $904,9042023Assets 2024: $1,441,752Liabilities 2024: $995,825Net Assets 2024: $445,9272024

Highlighted filing

2019

Assets$960,248
Liabilities$1,006,676
Net Assets-$46,428
Open 2019 Filing

Operations Trend

Revenue Growth21st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,093,761Expenses 2011: $3,978,586Net Income 2011: $115,1752011Revenue 2012: $3,776,757Expenses 2012: $3,931,121Net Income 2012: -$154,3642012Revenue 2013: $3,654,258Expenses 2013: $4,001,777Net Income 2013: -$347,5192013Revenue 2014: $3,590,775Expenses 2014: $3,593,492Net Income 2014: -$2,7172014Revenue 2015: $3,934,536Expenses 2015: $4,022,240Net Income 2015: -$87,7042015Revenue 2016: $3,882,092Expenses 2016: $3,933,832Net Income 2016: -$51,7402016Revenue 2017: $4,099,206Expenses 2017: $3,975,652Net Income 2017: $123,5542017Revenue 2018: $3,890,216Expenses 2018: $3,791,924Net Income 2018: $98,2922018Revenue 2019: $3,477,067Expenses 2019: $3,797,162Net Income 2019: -$320,0952019Revenue 2020: $3,025,294Expenses 2020: $2,662,085Net Income 2020: $363,2092020Revenue 2021: $3,528,180Expenses 2021: $2,799,322Net Income 2021: $728,8582021Revenue 2022: $3,350,192Expenses 2022: $3,353,842Net Income 2022: -$3,6502022Revenue 2023: $3,162,226Expenses 2023: $3,299,311Net Income 2023: -$137,0852023Revenue 2024: $2,981,637Expenses 2024: $3,440,614Net Income 2024: -$458,9772024

Highlighted filing

2019

Revenue$3,477,067
Expenses$3,797,162
Net Income-$320,095
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 30, 2020
Return Version
2019v5.1
Gross Receipts
$3,477,067
Mission and Program Overview

Mission

Namic inc is a not-for-profit trade association that educates, advocates and empowers for multi-ethnic diversity in the communications industry. It cultivates individual careers as well as partnering with our country's leading media companies who are committed to advancing the business case for diversity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$564,737$493,482▼ $71,255
Accounts Receivable$123,731$412,370▲ $288,639
Land, Buildings, and Equipment, Net$30,312$26,179▼ $4,133
Prepaid Expenses and Deferred Charges$40,188$26,077▼ $14,111
Total Assets$761,108$960,248▲ $199,140
Other Assets Total$2,140$2,140→ $0
Liabilities
Deferred Revenue$73,500$504,950▲ $431,450
Accounts Payable and Accrued Expenses$413,941$501,726▲ $87,785
Total Liabilities$487,441$1,006,676▲ $519,235
Net Assets / Fund Balance
Net Assets With Donor Restrictions$204,942$250,291▲ $45,349
Net Assets Without Donor Restrictions$68,725$-296,719▼ $365,444
Total Net Assets Fund Balance$273,667$-46,428▼ $320,095
Total Liabilities and Net Assets / Fund Balance$761,108$960,248▲ $199,140

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$178,770$178,770
Leasehold Improvements$26,179$19,129$45,308
Land$0--
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
A Shuanise Washington--$217,692$1,037$218,729
A Shuanise WashingtonDirector, President & CEOFT$217,692-$217,692
Susan WaldmanSenior Manager, Membership & PublicationsFT$101,402$7,130$108,532
Sandra GiradoVP, Events & Partner RelationsFT$102,666$4,669$107,335

Board Members and Trustees

NameTitle
Joiava PhilpottDirector & Chair
Michelle RiceDirector, Immediate Past Chair
Mark KangDirector & Vice-chair
Ann CarlsenDirector
Bill LeeDirector
Cheryl ManleyDirector
Danielle WadeDirector
Emory Walton IiiDirector
Freddy Rolon JrDirector
James AndersonDirector
James BrownDirector
Jason WilliamsDirector
Jay GrantDirector
Jerold LambertDirector
Kdane SnowdenDirector
Lisa Williams-fauntroyDirector
Navin KamathDirector
Psean GuptaDirector
Sandra Garcia LoweryDirector
Ebonne RuffinsDirector & Secretary
Pragash PillaiDirector & Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Robin Denise JohnsonLeadership Seminars40101 MONTEREY AVE STE B1-210, Rancho Mirage, CA 92270$220,000
-Project Management777 7TH STREET NW APT 923, Washington, DC 20001$109,000
Reid Dugger Consulting GroupMentorship Program12762 ACLARE STREET, Cerritos, CA 90703$104,175
Revenue and Support

Revenue Composition

Contributions and Grants
$2,103,044
Program Service Revenue
$1,373,826
Investment Income
$197
Other Revenue
$0
All Other Contributions
$2,009,686
Change in Net Assets
$-320,095

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory13,350$208,380Fair Market Value (FMV)
Other Non Cash Contri Table51$166,785Fair Market Value (FMV)
Other Non Cash Contri Table1$2,500Fair Market Value (FMV)
Other Non Cash Contri Table3$150Fair Market Value (FMV)
Total Noncash Contributions13,405$377,815-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,477,067
Revenue Not Reported on Form 990
$286,140
Total Revenue per Audited Statements
$3,763,207
Total Revenue per Form 990
$3,477,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,572,105
Salaries, Compensation, and Employee Benefits$809,334
Grants and Similar Amounts Paid$415,723
Total Fundraising Expense$118,522
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$333,108$62,626$28,363$424,097
Grants to Domestic Orgs$415,723--$415,723
Current Officers, Directors, Trustees, and Key Employees$135,769$103,185$32,585$271,539
Advertising$235,442$2,902$986$239,330
Occupancy$127,644$38,952$13,184$179,780
Conferences and Meetings$178,943$0$0$178,943
Fees for Services Accounting$76,250$23,269$7,876$107,395
Other Employee Benefits$50,444$13,927$4,402$68,773
Travel$60,012$4,889$1,655$66,556
Payroll Taxes$30,281$10,708$3,936$44,925
Information Technology$26,353$3,040$1,029$30,422
All Other Expenses$25,374$3,391$1,147$29,912
Other Expenses$18,258$0$0$18,258
Insurance$10,143$3,095$1,048$14,286
Office Expenses$6,718$2,050$694$9,462
Depreciation Depletion$2,935$895$303$4,133
Fees for Services Legal$1,845$196$67$2,108
Total Functional Expenses$3,342,739$335,901$118,522$3,797,162

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,083,302
Expenses per Audited Statements$3,797,162
Total Expenses per Form 990$3,797,162
Expenses Not Reported on Form 990$286,140
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Namic FoundationNew York, NY501(c)(3)Programs$415,723
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Namic Inc
EIN
84-1488263
Phone
2125945985
Address
50 BROAD STREET, NEW YORK, NY 10004

Signing Officer

Name
A Shuanise Washington
Title
President and CEO
Phone
2125945985
Signed
2020-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A Shuanise Washington
Formed
1980
Legal Domicile
Co
Voting Board Members
22
Independent Board Members
21
Employees
6
Volunteers
50

Preparer

Firm
Grace Neggie CPA
Address
369 Lexington Avenue Ste 255, New York, NY 10017
Preparer
Grace Neggie
Phone
9174826816
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is reviewed by the Treasurer and submitted to”

Pt VI, Line 11B

“the Board for approval before it is filed.”

Pt VI, Line 12C

“All officers, directors and key employees are required”

Pt VI, Line 12C

“to disclose annually interests that could give rise to”

Pt VI, Line 12C

“conflicts of interests via questionnaires.They are then”

Pt VI, Line 12C

“compiled and reported by management to the Board which”

Pt VI, Line 12C

“will then determine if further action is necessary.”

Pt VI, Line 15A

“The Board determines the salary of the President based”

Pt VI, Line 15A

“upon independent studies and comparison with industry”

Pt VI, Line 15A

“peers.”

Pt VI, Line 15B

“The Board determines the salary of key employees based”

Pt VI, Line 15B

“upon their performance and comparison with industry”

Pt VI, Line 15B

“peers.”

Pt VI, Line 19

“Audited reports, conflict of interest policy and other”

Pt VI, Line 19

“governing documents are available upon request.”

Pt VI, Line 2

“Two directors are siblings.”

Pt VI, Line 6

“Members vote for National Board of Directors.”

Pt VI, Line 7A

“Members vote for National Board of Directors.”

Pt VI, Line 7B

“Members vote for National Board of Directors.”

Other

“Page 5 question 2b: the quarterly payroll tax returns and”

Other

“2019 form w-2s are filed under payroll service company”

Other

“"insperity peo services, l.p."'s employer identification”

Other

“NUMBER 76-0689539.”

Financial Statement Notes

Pt X, Line 2

“Financial statement footnote:”

Pt X, Line 2

“Namic, inc. Is exempt from federal taxes under section”

Pt X, Line 2

“501(c)(6)of the u.s. Internal revenue code and from”

Pt X, Line 2

“State and local taxes under comparable laws. As of”

Pt X, Line 2

“December 31, 2019, no amounts have been recognized for”

Pt X, Line 2

“Any uncertain income tax positions. Namic, inc.'s tax”

Pt X, Line 2

“Return for the calendar year 2017 and forward are”

Pt X, Line 2

“Subject to the usual review by the appropriate taxing”

Pt X, Line 2

“AUTHORITIES.”

Raw XML AppendixShowing 400 of 700 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
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IRS990/Form990PartVIISectionAGrp/PersonNm1MARK KANG
IRS990/Form990PartVIISectionAGrp/PersonNm2PRAGASH PILLAI
IRS990/Form990PartVIISectionAGrp/PersonNm3EBONNE RUFFINS
IRS990/Form990PartVIISectionAGrp/PersonNm4A SHUANISE WASHINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHELLE RICE
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm8ANN CARLSEN
IRS990/Form990PartVIISectionAGrp/PersonNm9LISA WILLIAMS-FAUNTROY
IRS990/Form990PartVIISectionAGrp/PersonNm10JAY GRANT
IRS990/Form990PartVIISectionAGrp/PersonNm11PSEAN GUPTA
IRS990/Form990PartVIISectionAGrp/PersonNm12NAVIN KAMATH
IRS990/Form990PartVIISectionAGrp/PersonNm13JEROLD LAMBERT
IRS990/Form990PartVIISectionAGrp/PersonNm14BILL LEE
IRS990/Form990PartVIISectionAGrp/PersonNm15CHERYL MANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm16KDANE SNOWDEN
IRS990/Form990PartVIISectionAGrp/PersonNm17DANIELLE WADE
IRS990/Form990PartVIISectionAGrp/PersonNm18FREDDY ROLON JR
IRS990/Form990PartVIISectionAGrp/PersonNm19SANDRA GARCIA LOWERY
IRS990/Form990PartVIISectionAGrp/PersonNm20EMORY WALTON III
IRS990/Form990PartVIISectionAGrp/PersonNm21JASON WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm22SANDRA GIRADO
IRS990/Form990PartVIISectionAGrp/PersonNm23SUSAN WALDMAN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR & CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR & VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR, PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR, IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP, EVENTS & PARTNER RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt23SENIOR MANAGER, MEMBERSHIP & PUBLICATIONS
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IRS990/InformationTechnologyGrp/TotalAmt030422
IRS990/InsuranceGrp/FundraisingAmt01048
IRS990/InsuranceGrp/ManagementAndGeneralAmt03095
IRS990/InsuranceGrp/ProgramServicesAmt010143
IRS990/InsuranceGrp/TotalAmt014286
IRS990/InvestmentIncomeGrp/ExclusionAmt0197
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0NAMIC INC IS A NOT-FOR-PROFIT TRADE ASSOCIATION THAT EDUCATES, ADVOCATES AND EMPOWERS FOR MULTI-ETHNIC DIVERSITY IN THE COMMUNICATIONS INDUSTRY. IT CULTIVATES INDIVIDUAL CAREERS AS WELL AS PARTNERING WITH OUR COUNTRY'S LEADING MEDIA COMPANIES WHO ARE COMMITTED TO ADVANCING THE BUSINESS CASE FOR DIVERSITY.
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IRS990/OtherExpensesGrp/Desc1CREDIT CARD CHARGES
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IRS990/OtherExpensesGrp/Desc3PROGRAM SUPPLIES
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IRS990/OtherExpensesGrp/FundraisingAmt11890
IRS990/OtherExpensesGrp/FundraisingAmt219275
IRS990/OtherExpensesGrp/FundraisingAmt30
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt256953
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IRS990/OtherExpensesGrp/ProgramServicesAmt066469
IRS990/OtherExpensesGrp/ProgramServicesAmt120707
IRS990/OtherExpensesGrp/ProgramServicesAmt21520321
IRS990/OtherExpensesGrp/ProgramServicesAmt318258
IRS990/OtherExpensesGrp/TotalAmt066790
IRS990/OtherExpensesGrp/TotalAmt128181
IRS990/OtherExpensesGrp/TotalAmt21596549
IRS990/OtherExpensesGrp/TotalAmt318258
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt062626
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IRS990/PayrollTaxesGrp/ProgramServicesAmt030281
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$960,248
Liabilities
$1,006,676
Net assets
-$46,428
Revenue
$3,477,067
Expenses
$3,797,162
Net income
-$320,095
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$1.00$0.45$2.98$3.44$0.46
2023Detailed filing. Detailed filing data is available for this year.$1.94$1.04$0.90$3.16$3.30$0.14
2022Detailed filing. Detailed filing data is available for this year.$2.39$1.34$1.04$3.35$3.35$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.84$0.80$1.05$3.53$2.80$0.73
2020Detailed filing. Detailed filing data is available for this year.$1.28$0.96$0.32$3.03$2.66$0.36
2019Detailed filing. Detailed filing data is available for this year.$0.96$1.01$0.05$3.48$3.80$0.32
2018Detailed filing. Detailed filing data is available for this year.$0.76$0.49$0.27$3.89$3.79$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.46$0.18$4.10$3.98$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.57$0.51$0.05$3.88$3.93$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.93$0.83$0.10$3.93$4.02$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.58$0.19$3.59$3.59$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.07$0.88$0.19$3.65$4.00$0.35
2012Summary only. Only limited summary data is available for this year.$0.79$0.25$0.54$3.78$3.93$0.15
2011Summary only. Only limited summary data is available for this year.$0.89$0.19$0.70$4.09$3.98$0.12