Civic Intelligence

Namic Inc

990 • Fiscal year 2022 • EIN 84-1488263

Jan 01, 2022 to Dec 31, 2022 • Filed on May 08, 2023

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

82nd percentile

0.56x

Higher debt load relative to assets than 82% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.40x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Net Margin

32nd percentile

-0.1%

Higher net margin than 32% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

85th percentile

$261,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Asset Growth

76th percentile

29%

Faster asset growth than 76% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

29th percentile

-5.0%

Faster revenue growth than 29% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,386,796

Up $543,574 (+29%) from 2021

Net Assets

Down

$1,041,989

Down $3,650 (-0.3%) from 2021

Liabilities

Up

$1,344,807

Up $547,224 (+69%) from 2021

Revenue

Down

$3,350,192

Down $177,988 (-5.0%) from 2021

Expenses

Up

$3,353,842

Up $554,520 (+20%) from 2021

Net Income

Down

-$3,650

Down $732,508 (-101%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$2,386,796
Liabilities$1,344,807
Net Assets$1,041,989

Operations Trend

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

2022

Revenue$3,350,192
Expenses$3,353,842
Net Income-$3,650
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 8, 2023
Return Version
2022v5.0
Gross Receipts
$3,350,192
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$836,847$1,227,547▲ $390,700
Accounts Receivable$977,720$630,925▼ $346,795
Prepaid Expenses and Deferred Charges$10,743$28,771▲ $18,028
Land, Buildings, and Equipment, Net$17,912$13,778▼ $4,134
Total Assets$1,843,222$2,386,796▲ $543,574
Other Assets Total-$485,775-
Liabilities
Other Liabilities-$538,339-
Accounts Payable and Accrued Expenses$541,483$484,718▼ $56,765
Deferred Revenue$256,100$321,750▲ $65,650
Total Liabilities$797,583$1,344,807▲ $547,224
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,015,125$1,011,603▼ $3,522
Net Assets With Donor Restrictions$30,514$30,386▼ $128
Total Net Assets Fund Balance$1,045,639$1,041,989▼ $3,650
Total Liabilities and Net Assets / Fund Balance$1,843,222$2,386,796▲ $543,574

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$178,770$178,770
Leasehold Improvements$13,778$31,530$45,308
Land$0--
Other Assets Org$485,775--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
A Shuanise WashingtonDirector, President & CEOFT$260,000$1,000$261,000
A Shuanise Washington--$260,000$1,000$261,000
Anne-marie BurtonChief, Strategy and ProgramsFT$139,559$11,685$151,244
Anne-marie Burton--$139,559$11,685$151,244
Sandra GiradoVice President, Events and Partner RelationsFT$101,265$15,442$116,707
Susan WaldmanSenior Manager, Membership & PublicationsFT$100,980$11,527$112,507

Board Members and Trustees

NameTitle
Cheryl ManleyDirector & Chair
Joiava PhilpottDirector & Immediate Past Chair
Ann CarlsenDirector
Bill LeeDirector
Danielle WadeDirector
Ebonne RuffinsDirector
Emory Walton IiiDirector
Glenn GoldsmithDirector
Jason WilliamsDirector
Jerold LambertDirector
Jerome WestDirector
Lisa Williams-fauntroyDirector
Michelle RiceDirector
Mike AlexanderDirector
Nilda GumbsDirector
Nyree WrightDirector
Roxanna FloresDirector
Sandra GarciaDirector
Sandy NunezDirector
Sheereen RussellDirector
Sonya MiddletonDirector
Pragash PillaiDirector & Treasurer
Freddy Rolon JrDirector, Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Designfully Curated LLCProfessional Services777 7TH STREET NW APT 923, Washington, DC 20001$126,750
Ncheng LLPAccounting Services40 WALL STREET 32ND FL SUITE 3222, New York, NY 10005$115,248
Revenue and Support

Revenue Composition

Contributions and Grants
$1,120,531
Program Service Revenue
$2,228,338
Investment Income
$1,323
Other Revenue
$0
All Other Contributions
$1,042,728
Change in Net Assets
$-3,650

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 Inventory8,659$135,161Fair Market Value (FMV)
Other Non Cash Contri Table20$18,702Fair Market Value (FMV)
Total Noncash Contributions8,679$153,863-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,350,192
Revenue Not Reported on Form 990
$275,855
Total Revenue per Audited Statements
$3,626,047
Total Revenue per Form 990
$3,350,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,071,794
Salaries, Compensation, and Employee Benefits$858,048
Grants and Similar Amounts Paid$424,000
Total Fundraising Expense$338,281
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$275,152$86,722$121,884$483,758
Grants to Domestic Orgs$424,000--$424,000
Current Officers, Directors, Trustees, and Key Employees$76,200$101,600$76,200$254,000
Occupancy$117,044$62,734$65,987$245,765
Conferences and Meetings$139,525$0$0$139,525
Advertising$74,623$0$0$74,623
Other Employee Benefits$33,308$17,854$18,778$69,940
Payroll Taxes$23,979$12,852$13,519$50,350
Insurance$9,972$5,345$5,622$20,939
Travel$5,155$7,648$8,044$20,847
All Other Expenses$8,465$3,090$2,137$13,692
Information Technology$5,927$3,177$3,341$12,445
Depreciation Depletion$1,968$1,056$1,110$4,134
Other Expenses$3,820$0$0$3,820
Office Expenses$1,725$925$973$3,623
Total Functional Expenses$2,530,643$484,918$338,281$3,353,842

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,629,697
Expenses per Audited Statements$3,353,842
Total Expenses per Form 990$3,353,842
Expenses Not Reported on Form 990$275,855
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Namic FoundationNew York, NY501(c)(3)Programs$424,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$538,339
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
2023-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A Shuanise Washington
Formed
1980
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
12
Employees
8
Volunteers
10

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 during

Pt VI, Line 19

the tax year.

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.

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, 2022, 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 2020 and forward are

Pt X, Line 2

Subject to the usual review by the appropriate taxing

Pt X, Line 2

AUTHORITIES.

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IRS990/Form990PartVIISectionAGrp/PersonNm5FREDDY ROLON JR
IRS990/Form990PartVIISectionAGrp/PersonNm6GLENN GOLDSMITH
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHELLE RICE
IRS990/Form990PartVIISectionAGrp/PersonNm8MIKE ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm9ANN CARLSEN
IRS990/Form990PartVIISectionAGrp/PersonNm10LISA WILLIAMS-FAUNTROY
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IRS990/Form990PartVIISectionAGrp/PersonNm12NILDA GUMBS
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IRS990/Form990PartVIISectionAGrp/PersonNm17EMORY WALTON III
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR & CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR & IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR, PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR, SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF, STRATEGY AND PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt25VICE PRESIDENT, EVENTS AND PARTNER RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt26SENIOR MANAGER, MEMBERSHIP & PUBLICATIONS
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IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/InformationTechnologyGrp/TotalAmt012445
IRS990/InsuranceGrp/FundraisingAmt05622
IRS990/InsuranceGrp/ManagementAndGeneralAmt05345
IRS990/InsuranceGrp/ProgramServicesAmt09972
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IRS990/InvestmentIncomeGrp/ExclusionAmt01323
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt077803
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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/OfficeExpensesGrp/TotalAmt03623
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017854
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IRS990/OtherExpensesGrp/Desc0PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc1FEES & PERMITS
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IRS990/OtherExpensesGrp/Desc3PROGRAM SUPPLIES
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
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IRS990/OtherExpensesGrp/TotalAmt16510
IRS990/OtherExpensesGrp/TotalAmt214633
IRS990/OtherExpensesGrp/TotalAmt33820
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0121884
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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