Overview

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Est.

1997

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The National African-American Insurance Association (EIN: 31-1471178) is dedicated to promoting professional development and personal growth among African-American insurance professionals through networking, continuing education, and mutually beneficial partnerships. With an operating budget of $3 million and total revenue of $2.2 million for the 2024 filing year, the organization relies significantly on a single funder, which contributes $1.7 million, accounting for over 50% of its revenue. More information can be found on their website at www.naaia.org.

Mission Statement

TO PROMOTE PROFESSIONAL DEVELOPMENT AND PERSONAL GROWTH AMONG AFRICAN- AMERICAN INSURANCE PROFESSIONALS, WHILE PROVIDING OPPORTUNITIES FOR NETWORKING, CONTINUING EDUCATION, AND BUILDING MUTUALLY BENEFICIAL PARTNERSHIPS. OUR MISSION IS ACCOMPLISHED VIA NATIONAL CONFERENCES, SEMINARS, AND CHAPTER EVENTS.
Revenues
$2.2M
Expenses
$3M
Net Income:
-$835.9K
Assets
$626.4K
Liabilities
$42K
Net Assets:
+$584.3K
Operating Budget
$3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$17K
Largest grant received
$17K
O
Owie Lei Agbontaen
Board Member
S
Sherita Hardy
Board Member
D
Dwight Geddes
Board Member

Frequently Asked Questions

What is NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION’s budget?
In 2024, NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION reported an annual operating budget of around $3 million. More detailed financial information is available to registered users.
What causes does NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION support?
NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION supports work in Cultural awareness.
Where does NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION operate?
NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION is headquartered in Washington, DC.
Who funded NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION recently?
In 2024, NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION received grants from SPENCER EDUCATIONAL FOUNDATION INC and SPENCER EDUCATIONAL FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION received in 2024?
The largest grant to NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION in 2024 exceeds $17 thousand.