National Black Mba Association Twin Cities Chapter Inc in Minneapolis, Minnesota (MN)

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National Black Mba Association Twin Cities Chapter Inc
Employer Identification Number (EIN)411722114
Name of OrganizationNational Black Mba Association Twin Cities Chapter Inc
In Care of NameRobert Ngwu
Address2915 Wayzata Blvd, Minneapolis, MN 55405
Websitehttp://www.nbmbaatc.org
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date10/1995
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2010
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$26,990
Amount of Income$98,055
Form 990 Revenue Amount$98,055
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2010: $98,055 (it was $98,055 in 2011)
National Black Mba Association Twin Cities Chapter Inc: 

 $98,055
Other organizations performing similar types of work: 

 $72,336

Assets in 2010: $26,990 (it was $26,990 in 2011)
This organization: 

 $26,990
Other organizations performing similar types of work: 

 $239,394

Expenses in 2011: $112,521
National Black Mba Association Twin Cities Chapter Inc: 

 $112,521
Other organizations performing similar types of work: 

 $40,888

Income to expenses ratio in 2011: 0.9
National Black Mba Association Twin Cities Chapter Inc: 

 0.9
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2011: 93.0%
This organization: 

 93.0%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2011

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$98,055
Contributions, gifts, grants, and similar amounts received$91,200
Program service revenue including government fees and contracts$0
Membership dues and assessments$4,425
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$2,430
Total expenses$112,521
Total net assets$24,990
Deficit for the year$-14,466
Net assets or fund balances at beginning of year$39,456
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$26,990
Total liabilities$2,000
Net assets or fund balances$24,990
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$91,200
Gifts, grants, contributions, and membership fees received$91,200
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sylvester H Reed Memorial TrustPO BOX 1111, Pflugerville, TX 78691-1111TX1998-01$1,242,927
2The W R Hotchkiss FoundationPO BOX 64235, Saint Paul, MN 55164-0235MN1962-06$2,648,705
3Scholarship America Inc, Beaver Dam Scholarship Foundation I1 Scholarship Way, St Peter, MN 56082-1693MN$1,387,429
4Warren Alvarado Oslo Public School Education Foundation224 E Bridge Ave, Warren, MN 56762-1533MN1993-01$235,281
5National Black Mba Association Twin Cities Chapter Inc2915 Wayzata Blvd, Minneapolis, MN 55405MN1995-10$98,055
6Vincent L Hawkinson Foundation324 Harvard St Se, Minneapolis, MN 55414MN1990-11$81,377
7Saint Paul Central Scholarship Fund1252 Como Blvd E, Saint Paul, MN 55117-4009MN1995-01$55,741
8Sister Joseph Endowment Fund For Nursing Education Saint Marys HospPO BOX 64713, Saint Paul, MN 55164-0713MN1971-01$48,569
9Shakopee Rotary Scholarship FoundationPO BOX 511, Shakopee, MN 55379-0511MN1992-06$25,266
10The Grand Lodge Of Minnesota I O O F FoundationPO BOX 7415, Hutchinson, MN 55350-7415MN1995-11$12,490
11Shelly Dorgan Memorial Scholarship Fund4504 Gilford Dr, Minneapolis, MN 55435-4043MN1995-11$2,500
12Veronica And Alphons M Busch Scholarship Foundation505 Holmes St S, Shakopee, MN 55379-1344MN1998-07$2,237
13Stephan Larson Wolf Foundation11441 Aspen Way, Minnetonka, MN 55305-2962MN1994-07$372
14Bloomington Scholarship Foundation Incorporated8536 4th Avenue South, Bloomington, MN 55420MN1966-12$0
15Gayle A Wallace Memorial Scholarship Trust Fund19776 Grouse Rd, Park Rapids, MN 56470MN1998-07$0
16Holy Spirit School Class Of 1966 Memorial Fund1380 Duckwood Dr, Eagan, MN 55123-1090MN1997-07$0
17International Education Foundation8139 157th St N, Hugo, MN 55038-9324MN1991-01$0
18Jim Traver Memorial Scholarship Fund3035 California St Ne, Minneapolis, MN 55418MN1995-04$0
19Ken Borg Memorial Scholarship Fund100 Larson St, Ashby, MN 56309MN1993-01$0
20Michael K Wensel Memorial Foundation913 Indigo Road Nw, Rice, MN 56367MN1994-04$0
Number of organizations performing similar types of work
Alaska15
Alabama29
Arkansas27
Arizona42
California252
Colorado46
Connecticut69
District of Columbia36
Delaware10
Florida151
Georgia78
Hawaii18
Iowa52
Idaho15
Illinois193
Indiana80
Kansas57
Kentucky48
Louisiana26
Massachusetts102
Maryland74
Maine15
Michigan138
Minnesota61
Missouri93
Mississippi12
Montana14
North Carolina100
North Dakota5
Nebraska30
New Hampshire12
New Jersey147
New Mexico15
Nevada16
New York202
Ohio188
Oklahoma33
Oregon38
Pennsylvania160
Rhode Island22
South Carolina36
South Dakota7
Tennessee42
Texas251
Utah11
Virginia136
Vermont9
Washington68
Wisconsin96
West Virginia21
Wyoming9
International5
Total3,412

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