Nonprofit · EIN 31-1471178
NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,173,375 | $3,009,281 | -$835,906 | $626,366 | $42,027 | $584,339 |
| December 31, 2023 | 990 | $2,533,243 | $2,447,668 | $85,575 | $1,446,866 | $26,621 | $1,420,245 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $27,000
- Program service revenue
- $2,142,923
- Investment income
- $3,452
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $30,803
- Other salaries and wages
- $369,408
- Salaries, compensation and benefits (total)
- $410,668
- Professional fundraising fees
- $0
- Legal fees
- $9,194
- Accounting fees
- $19,654
- Travel
- $189,508
- Program services (functional)
- $2,428,256
- Management and general (functional)
- $581,025
Balance sheet and other
- Total assets, start of year
- $1,446,866
- Total assets, end of year
- $626,366
- Total liabilities, end of year
- $42,027
- Net assets, end of year
- $584,339
- Net assets without donor restrictions
- $584,339
- Gross receipts
- $2,173,375
- Employees
- 9
- Year formed
- 1997
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OMARI JAHI AARONS-MARTIN | OFFICER & KE Highest-paid employee | 40 | $163,000 |
| OWIE LEI AGBONTAEN | DIRECTOR Trustee or director | 2 | $0 |
| DWIGHT GEDDES | DIRECTOR Trustee or director | 2 | $0 |
| SHERITA HARDY | DIRECTOR Trustee or director | 2 | $0 |
| JAMES E HUTCHINSON | DIRECTOR Trustee or director | 2 | $0 |
| SUSAN JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 |
| RICKY JONES | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| MICHELE LAMARRE | DIRECTOR Trustee or director | 2 | $0 |
| CLIVE MCCARTHY | DIRECTOR Trustee or director | 2 | $0 |
| BRANDI MONIQUE | DIRECTOR Trustee or director | 2 | $0 |
| NGOZI NNAJI | SECRETARY Trustee or director, Officer | 2 | $0 |
| REBEKAH RATLIFF | DIRECTOR Trustee or director | 2 | $0 |
| JERALD TILLMAN | FOUNDER Trustee or director | 2 | $0 |
| ANTHONY WALKER | DIRECTOR Trustee or director | 2 | $0 |
| GEORGE WOODS | CHAIRMAN Trustee or director, Officer | 2 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANET JORDAN-FOSTER | IMMEDIATE PA Former | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OMARI JAHI AARONS-MARTIN | OFFICER & KE Highest-paid employee | 40 | $160,000 |
| OWIE LEI AGBONTAEN | DIRECTOR Trustee or director | 2 | $0 |
| DWIGHT GEDDES | DIRECTOR Trustee or director | 2 | $0 |
| SHERITA HARDY | DIRECTOR Trustee or director | 2 | $0 |
| JAMES E HUTCHINSON | DIRECTOR Trustee or director | 2 | $0 |
| SUSAN JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 |
| RICKY JONES | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| MICHELE LAMARRE | DIRECTOR Trustee or director | 2 | $0 |
| CLIVE MCCARTHY | DIRECTOR Trustee or director | 2 | $0 |
| BRANDI MONIQUE | DIRECTOR Trustee or director | 2 | $0 |
| NGOZI NNAJI | SECRETARY Trustee or director, Officer | 2 | $0 |
| REBEKAH RATLIFF | DIRECTOR Trustee or director | 2 | $0 |
| JERALD TILLMAN | FOUNDER Trustee or director | 2 | $0 |
| ANTHONY WALKER | DIRECTOR Trustee or director | 2 | $0 |
| GEORGE WOODS | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| JANET JORDAN-FOSTER | IMMEDIATE PA Former | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PMB 1110, WASHINGTON, DC 20005-0000
- In care of
- % JERALD L TILLMAN
- Principal officer (990 for 2024)
- OMARI JAHI AARONS-MARTIN
- Signed the 990
- OMARI JAHI AARONS-MARTIN, OFFICER & KEY EMPL.
- Phone
- (866) 566-2242
- Website
- WWW.NAAIA.ORG
- Return prepared by
- PROVECTUS SALT LAKE ADVISORS
Mission
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.
Program accomplishments
- IN 2024, NAAIA CONTINUED TO STRIVE FOR ORGANIZATIONAL EXCELLENCE FOCUSING ON INCREASING DIVERSITY AND INCLUSION IN THE INSURANCE INDUSTRY. NAAIA CONTINUED TO DELIVER ROBUST PROGRAMMING AND COLLECTIVELY NNAIA NATIONAL AND CHAPTER EVENTS ATTRACTED OVER 1000 ATTENDEES, FEATURING 150+ SPEAKERS AND 30+ WORKSHOPS FOCUSED ON INDUSTRY TRENDS, PERSONAL BRAND AND LEADERSHIP DEVELOPMENT.Expenses $2,099,980
- ELEVEN 3-PERSON STUDENT TEAMS REPRESENTING MAJOR UNIVERSITIES SPONSORSHIPS, EXPANDED CHAPTER NETWORK AND HELD A SOLD-OUT NATIONAL CONFERENCE.COMPETED IN THE NAAIA NATIONAL TALENT DEVELOPMENT COMPETITION. SEVERAL OF THE PARTICIPATING STUDENTS WERE OFFERED INTERNSHIPS AND/OR FULL-TIME POSITIONS BY NAAIA PARTNER COMPANIES. ALL 33 STUDENTS WERE MENTORED AND RECEIVED FINANCIAL AWARDS. ADDITIONALLY, THE NAAIA AWARDED ADDITIONAL SCHOLARSHIPS IN THE AMOUNT OF 1,000 EACH UNDER THE J.L.TILLMAN SCHOLARSHIP PROGRAM TO ELIGIBLE STUDENTS TO SUPPORT HIGHER EDUCATION.Expenses $30,803 · grants $30,803
- REVIEWED WITH ASSISTANCE OF PREPARING ACCOUNTANT.Expenses $297,473
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1471178
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $626,366
- Income (IRS master file)
- $2,173,375
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,173,375 | $3,009,281 | $626,366 | XML |
| 990 | December 2023 | $2,533,243 | $2,447,668 | $1,446,866 | XML |
| 990 | December 2022 | $1,826,471 | $1,401,660 | $2,281,818 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1471178).
Questions about NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION
- What is the EIN of NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION?
- The employer identification number (EIN) of NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION is 31-1471178.
- Is NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION?
- The 990 for the year ended December 31, 2024 names OMARI JAHI AARONS-MARTIN.
- Who are the officers and directors of NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $163,000 (OMARI JAHI AARONS-MARTIN, OFFICER & KE).
- How much revenue does NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,173,375, expenses of $3,009,281 and total assets of $626,366 at year end.
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