AIRPORT MINORITY ADVISORY COUNCIL EDUCATIONAL AND SCHOLARSHIP PROGRAM

EIN: 541873905 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$284,687
Total Expenses
$279,055
Total Assets
$556,770
Net Assets
$353,360
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
VA
Principal Officer
SUNSHINE WHITE
Phone
7034142622
Tax Period
2023-01-01 to 2023-12-31

AIRPORT MINORITY ADVISORY COUNCIL EDUCATIONAL AND SCHOLARSHIP PROGRAM, founded in 1997, is a small nonprofit in the Education sector that reported $285K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

THE AIRPORT MINORITY ADVISORY COUNCIL EDUCATIONAL & SCHOLARSHIP PROGRAM, INC. ("AMAC FOUNDATION") IS A NON-PROFIT ORGANIZATION FOUNDED IN 1997 FOR THE FOLLOWING PURPOSES: (1) TO PROVIDE SCHOLARSHIPS FOR STUDENTS TO ATTEND COLLEGES AND UNIVERSITIES OR OTHER EQUIVALENT LEVEL EDUCATIONAL PROGRAMS IN THE FIELD OF AVIATION AND AIRPORT MANAGEMENT BY MAKING GRANTS, DISTRIBUTIONS AND PROVIDING OTHER FORMS OF ASSISTANCE TO INDIVIDUALS AND OTHER NON-PROFIT ORGANIZATIONS IN SUPPORT OF SUCH PURPOSE. (2) TO PREPARE, PROMOTE, PUBLISH AND DISTRIBUTE EDUCATIONAL MATERIALS; CONDUCT EDUCATIONAL FORUMS AND SEMINARS; CONDUCT EDUCATIONAL RESEARCH AND ESTABLISH AN EDUCATIONAL DATA BANK FOR INTERESTED MEMBERS OF THE GENERAL PUBLIC ON AIR TRANSPORTATION, AIRPORTS AND AIRPORT FACILITIES MANAGEMENT. (3) TO ENGAGE IN ANY AND ALL OTHER LAWFUL CHARITABLE ACTIVITIES INCIDENTAL TO, AND IN PURSUIT OF, THE FOREGOING PURPOSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $47,104
Program Service Revenue $150,813
Investment Income $57
Other Revenue $86,713
TOTAL REVENUE $284,687

Expense Breakdown

Grants Paid $130,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $183,682
Other Expenses $149,055
TOTAL EXPENSES $279,055

Year-over-Year Comparison

2023 2022 Change
Revenue $284,687 $332,875 -0.1%
Expenses $279,055 $207,094 +0.3%
Net Income $5,632 $125,781 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REGINA BROWN DIRECTOR 1.00
Director
$0 $0 $0
SEAN FITZGERALD DIRECTOR 1.00
Director
$0 $0 $0
TERRI FRIERSON DIRECTOR 1.00
Director
$0 $0 $0
ANDRES GARCIA DIRECTOR 1.00
Director
$0 $0 $0
DAWN HUNTER DIRECTOR 1.00
Director
$0 $0 $0
CLEVE DUNN JR DIRECTOR 1.00
Director
$0 $0 $0
ANDRELLA KENNER DIRECTOR 1.00
Director
$0 $0 $0
KHALIA MOORE DIRECTOR 1.00
Director
$0 $0 $0
DWAYNE NORRIS DIRECTOR 1.00
Director
$0 $0 $0
FOLASADE OLANIPEKUN-LEWIS DIRECTOR 1.00
Director
$0 $0 $0
GREG PLUMMER DIRECTOR 1.00
Director
$0 $0 $0
DEVON RAY DIRECTOR 1.00
Director
$0 $0 $0
SHONDA SCOTT DIRECTOR 1.00
Director
$0 $0 $0
ERIC WARD DIRECTOR 1.00
Director
$0 $0 $0
SUNSHINE WHITE CHAIR 8.00
Officer Director
$0 $0 $0
JOVAN GOLDSTEIN CFO 4.00
Officer
$0 $0 $0
EBONI WIMBUSH PRESIDENT 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $284,687 $279,055 $556,770 $5,632
2022 $332,875 $207,094 $452,407 $125,781
2021 $139,564 $150,905 $260,192 $-11,341
2020 $59,045 $128,020 $282,666 $-68,975
2019 $277,832 $185,247 $310,348 $92,585
2018 $170,424 $122,375 $217,608 $48,049
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