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National Association Of Minority Contractors Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 941709851 ✦ Hyattsville, MD ✦ Designated as a 501(c)(3)

Overview

What is National Association Of Minority Contractors Inc?

The National Association of Minority Contractors Inc, situated in Hyattsville, Maryland, serves as a construction trade association. Its primary objective is to aid its member companies in enhancing their capacities by offering access, advocacy, and contractor development. To achieve this, the organization conducts annual conferences featuring educational seminars centered around best business practices, safety, and green building. With a modest workforce of one employee, the National Association of Minority Contractors Inc plays a vital role in supporting and empowering minority-owned businesses in the construction industry.


Is National Association Of Minority Contractors Inc legitimate?

National Association Of Minority Contractors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Association Of Minority Contractors Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,207

For more financial information, click here


What is the mission statement of National Association Of Minority Contractors Inc?
Who is the CEO of National Association Of Minority Contractors Inc?
What is the revenue of National Association Of Minority Contractors Inc?
Who are the executives of National Association Of Minority Contractors Inc and what are their salaries?
Where can I find the form 990 for National Association Of Minority Contractors Inc?

Mission Statement of National Association Of Minority Contractors Inc

The National Association of Minority Contractors (NAMC) serves as a construction trade association, dedicated to assisting its members in building their capacities. This is achieved through providing them with access to resources, advocacy, and contractor development. NAMC's mission is to empower minority contractors, aiding them in expanding their businesses and overcoming potential barriers in the construction industry.

At its core, NAMC focuses on helping its members increase their operational capabilities, ensuring they can compete effectively in the market. To this end, the organization offers various resources and opportunities, promoting advocacy and contractor development. By doing so, NAMC plays a crucial role in fostering a more inclusive and diverse construction industry, enabling minority contractors to thrive and make significant contributions to the field.

Impact

This information is meant to be a general summary of National Association Of Minority Contractors Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

National Association of Minority Contractors Inc's impact includes providing access, advocacy, and contractor development opportunities to its members. Through their annual conference, they offer educational seminars on business best practices, safety, and green building. This helps to enhance the capacity and skills of minority contractors in the construction industry. Their efforts contribute to the improvement of the community by supporting the growth and success of minority-owned businesses in the construction sector.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $2,748
  • Gross Receipts: $527,890

    • Assets and Liabilities:
  • Total Assets: $1,274,720
  • Total Liabilities: $118,575
  • Net Assets: $1,156,145
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EDUCATION AND TRAINING INCOME

    Revenue

    $2,748

    Organization Details

    Founding Year

    1969

    Principal Officer

    Wendell Stemley

    Main Address

    6136 LANDOVER ROAD, HYATTSVILLE, MD, 20785

    NTEE Category

    Code: S41 - Community improvement

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