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Norbcc Inc

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

EIN: 455108367 ✦ New orleans, LA ✦ Designated as a 501(c)(6)

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Overview

What is Norbcc Inc?

Norbcc Inc, located in New Orleans, Louisiana, is a nonprofit organization with a mission to support, promote, and educate its members for sustainable growth and expansion. They strive to empower and sustain the African-American business community through entrepreneurship and economic activity, not just in the Greater New Orleans area but also on a global scale. One of their primary activities is hosting the Annual Golf Tournament, which serves as a premier networking event to appreciate the local business community and provide an opportunity for marketing and enjoyment. With a small team of two employees, Norbcc Inc remains committed to its mission and community.


Official website here: www.norbchamber.org

Is Norbcc Inc legitimate?

Norbcc Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Norbcc 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $58,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,273

For more financial information, click here


Official website here: www.norbchamber.org

What is the mission statement of Norbcc Inc?

Norbcc Inc's mission is centered around supporting, promoting, and educating its members to foster sustainable growth and expansion. The organization aims to empower and sustain the African-American business community through entrepreneurship and economic activity, not only in the local New Orleans area but also on a global scale. This is achieved through various means, including networking events such as their annual golf tournament, which serves as an opportunity to appreciate the local business community while marketing companies and enjoying a day on the golf course.


Official website here: www.norbchamber.org

Who is the CEO of Norbcc Inc?

Laverne Toombs is the Executive Director of Norbcc Inc.


Official website here: www.norbchamber.org

What is the revenue of Norbcc Inc?

Norbcc Inc's revenue in 2021 was $452,982.


Official website here: www.norbchamber.org

Who are the executives of Norbcc Inc and what are their salaries?

The average compensation at Norbcc Inc during 2021 was $48,136. There are 2 employees and 15 volunteers at Norbcc Inc.


Here are 15 key members and their salaries:


Laverne Toombs (Executive Director)
  • Compensation: $58,000
  • Related: $0
  • Other: $0
Arlanda Williams (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Montgomery-Richard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Weber (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruby Brown (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Inez Jordan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Chambliss (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Martin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Robinson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawntele Green (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andre Lewis (Executive Committee Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vanessa James (Executive Committee Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Perry Sholes (Executive Committee Vice Chai)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krista Pouncy-Dyson (Executive Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josline Gosserand Frank (Executive Committee Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.norbchamber.org

Where can I find the form 990 for Norbcc Inc?

Norbcc Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.norbchamber.org

Learn more at the official website: www.norbchamber.org

Mission Statement of Norbcc Inc

Norbcc Inc, a nonprofit organization, is committed to supporting, promoting, and educating its members with the goal of fostering sustainable growth and expansion. Its mission is to empower and sustain the African-American business community, both in the Greater New Orleans region and on a global scale, through entrepreneurship and economic activity. By doing so, Norbcc Inc aims to bolster the African-American business sector and contribute to its overall growth and development. One of the ways Norbcc Inc accomplishes this is by hosting events, such as their Annual Golf Tournament, which serves as a platform for networking and marketing within the local New Orleans business community. This event is an excellent opportunity for members to strengthen their professional connections while enjoying a day on the golf course.

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Impact




October, 2024

Norbcc Inc has a significant impact on the African-American business community in Greater New Orleans by fostering sustainable growth and expansion through education and support. By empowering entrepreneurs, it enhances economic activity and drives collective prosperity within the community.

One of its hallmark events, the Annual Golf Tournament, serves as a premier networking opportunity, bringing together local business leaders to celebrate and strengthen community ties. This event not only markets individual businesses but also reinforces the interconnectedness of the local economic landscape. By championing entrepreneurship and advocating for economic initiatives, Norbcc Inc plays a vital role in the overall improvement of the community, ensuring that its members are well-equipped to thrive in both local and global markets.




This information is meant to be a general summary of Norbcc Inc. 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
$452,982 (2021)
Expenses
$376,092 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $342
  • Gross Receipts: $452,982

Assets and Liabilities:

  • Total Assets: $194,878
  • Total Liabilities: $7,139
  • Net Assets: $187,739

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Organization Details

Founding Year

2006

Principal Officer

Laverne Toombs

Main Address

2021 Lakeshore Drive Ste 303 STE 30, New Orleans, LA, 70122

NTEE Category

Code: S41 - Community improvement

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