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Association Of African American Financial Advisors

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

EIN: 384034837 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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Overview

What is Association Of African American Financial Advisors?

The Association of African American Financial Advisors (AAAA) is a nonprofit organization based in Washington D.C., specifically at 1050 Connecticut Ave NW 500. Its primary mission is to support its membership network and the broader community by offering various resources and opportunities. These include monthly webinars, eligible for Continuing Education Credits, and an annual scholarship towards earning the Certified Financial Planner (CFP) designation. The organization also hosts regional networking events and an annual conference, provides a membership directory, an online community forum, and a job posting board. Furthermore, AAAA showcases firms and services on its Consumer Financial Advisor Finder portal, aiming to empower and connect African American financial professionals and affiliated professionals.


Official website here: www.aaafainc.com

Is Association Of African American Financial Advisors legitimate?

Association Of African American Financial Advisors is a legitimate nonprofit organization registered as a 501(c)(6) entity. Association Of African American Financial Advisors 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $130,897

For more financial information, click here


Official website here: www.aaafainc.com

What is the mission statement of Association Of African American Financial Advisors?

The Association of African American Financial Advisors (AAAA) was established to address the needs and concerns of African American financial professionals. As a non-profit membership organization, it serves as a platform for Black or African American financial advisors and affiliated professionals. The Association supports its membership network and the community through various initiatives, including monthly webinars offering CFP continuing education credits, an annual scholarship for earning the CFP designation, regional networking events and an annual conference, a membership directory, an online community forum, and a job posting board. Furthermore, AAAA showcases firms and services on its consumer financial advisor finder portal.


Official website here: www.aaafainc.com

Who is the CEO of Association Of African American Financial Advisors?

Sharif Muhammad is the Treasurer of Association Of African American Financial Advisors.


Official website here: www.aaafainc.com

What is the revenue of Association Of African American Financial Advisors?

Association Of African American Financial Advisors's revenue in 2022 was $1,122,994.


Official website here: www.aaafainc.com

Who are the executives of Association Of African American Financial Advisors and what are their salaries?

The average compensation at Association Of African American Financial Advisors during 2022 was $130,897. There is 1 employee and 30 volunteers at Association Of African American Financial Advisors.


Here are 5 key members and their salaries:


Sheena Gray (2Nd V Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharif Muhammad (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Nwasike (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rickie Taylor (1St V Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Palmer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.aaafainc.com

Where can I find the form 990 for Association Of African American Financial Advisors?

Association Of African American Financial Advisors's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aaafainc.com

Learn more at the official website: www.aaafainc.com

Mission Statement of Association Of African American Financial Advisors

The Association of African American Financial Advisors (AAAA) was established with a mission to address the unique needs and concerns of African American financial professionals. As a non-profit organization, AAAA serves as a membership network for black or African American financial advisors and affiliated professionals. The primary objective of AAAA is to support its members and the broader community by providing various resources and opportunities.

This support comes in several forms, including monthly webinars that offer eligible Continuing Education Credits for the Certified Financial Planner (CFP) designation. These webinars provide a platform for professional development and knowledge sharing among members. Additionally, AAAA hosts regional networking events, or meetups, and an annual conference. These events allow members to connect, share experiences, and learn from one another, fostering a sense of community and collaboration.

Moreover, AAAA offers a membership directory, an online community forum, and a job posting board. These resources serve as valuable tools for members, helping them to connect with each other and potential employers. Furthermore, AAAA operates a Consumer Financial Advisor Finder portal, where firms and services can showcase their offerings to potential clients. By providing these resources, AAAA aims to support its members and the broader community of African American financial professionals, helping them to succeed in their careers and make a positive impact in the field.

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Impact




October, 2024

The Association of African American Financial Advisors (AAAA) plays a vital role in supporting and uplifting African American financial professionals. By addressing the unique needs and concerns of this community, AAAA fosters an environment conducive to professional growth and networking.

Through monthly webinars that offer CFP continuing education credits and the provision of an annual scholarship for obtaining the CFP designation, AAAA actively invests in the development of its members. Regional networking events and an annual conference facilitate connections among financial advisors, enhancing collaboration and information sharing.

Moreover, the organization maintains a robust membership directory, an online community forum, and a job posting board, which collectively create a supportive network for its members. The AAAA Consumer Financial Advisor Finder Portal further aids the community by showcasing firms and services that align with the interests of African American consumers.

Ultimately, AAAA's initiatives contribute to community improvement by advancing diversity within the financial advisory sector and equipping its members with the resources necessary for success.




This information is meant to be a general summary of Association Of African American Financial Advisors. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,122,994 (2022)
Expenses
$689,763 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $1,122,994

Assets and Liabilities:

  • Total Assets: $958,958
  • Total Liabilities: $144
  • Net Assets: $958,814

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Organization Details

Founding Year

2017

Principal Officer

Sharif Muhammad

Main Address

1050 CONNECTICUT AVE NW 500, WASHINGTON, DC, 20036

NTEE Category

Code: S46 - Community improvement

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