YEMENI AMERICAN MERCHANT ASSOCIATION INC

EIN: 823539502 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$1,950,525
Total Expenses
$905,307
Total Assets
$1,338,394
Net Assets
$1,251,875
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
ABDUL MUBAREZ
Phone
7182130030
Tax Period
2021-07-01 to 2022-06-30

YEMENI AMERICAN MERCHANT ASSOCIATION INC, founded in 2018, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2021. Revenue surged 298% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 54% operating margin.

Mission

THE YEMENI AMERICAN MERCHANTS ASSOCIATION (YAMA) SEEKS TO EDUCATE AND ELEVATE YEMENI-AMERICAN MERCHANTS AND THEIR FAMILIES THROUGH EDUCATION, CIVIL RIGHTS ADVOCACY, BUSINESS AND SOCIAL SERVICE SUPPORT.

Program Service Accomplishments

Program 1
Expenses: $252,996 Revenue: $0

* Educate: Educating the Yemeni American merchants through programs, campaigns, and collaborations. We aim to enhance, strengthen, and train the Yemeni American community to be professional in their...

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* Educate: Educating the Yemeni American merchants through programs, campaigns, and collaborations. We aim to enhance, strengthen, and train the Yemeni American community to be professional in their interactions, self-sufficient individuals that improve the makeup and development of their communities. We also provide programming for merchants' wives on parenting, health/wellness, and the importance of education. Our goal is to help merchants' wives and daughters to become self-sufficient and financially independent through ESL classes for women college and career readiness, and leadership programs.

Program 2
Expenses: $183,590 Revenue: $0

* Advocate: Advocating on behalf of Yemeni Americans to protect their rights, empower them, and build coalitions that promote justice as well as encouragement to the Yemeni American community to be...

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* Advocate: Advocating on behalf of Yemeni Americans to protect their rights, empower them, and build coalitions that promote justice as well as encouragement to the Yemeni American community to be more civically engaged. We advocate on behalf of Yemeni American clients to elected officials to reunite separated families with senators and congressional leaders. We work to challenge hate, e.g., our merchant-led boycott of the New York Post, and decrease hate crimes. YAMA has partnerships with a lawyer who provides pro bono consultation and assistance for clients at our office biweekly. Also, we hired a part-time immigration attorney, and a full-time immigration case manager to help merchants and their workers with any immigration assistance they need.

Program 3
Expenses: $358,694 Revenue: $0

* Elevate Organizing trades and business deals among the Yemeni American communities and the outside world to obtain financial and service privileges that facilitate the advancement of Yemeni...

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* Elevate Organizing trades and business deals among the Yemeni American communities and the outside world to obtain financial and service privileges that facilitate the advancement of Yemeni American society as a whole. We also strive to keep pace with commercial industry changes and create new opportunities for small business owners. We are also supporting Yemeni women to start their own businesses by supporting Yemeni women-led bazaars being held across the city. This program has not been fully launched yet as we are still exploring means to execute it. In the meantime, we only provide Business related assistance, especially after COVID. Like, apply for loans, or government relief grants for small businesses. Also, we provide starting new business consultants, licenses, and some violations remedy through our Pro bono attorneys.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,950,525
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,950,525

Expense Breakdown

Grants Paid $8,025
Salaries & Benefits $524,192
Fundraising Expenses $8,277
Program Expenses $795,280
Other Expenses $373,090
TOTAL EXPENSES $905,307

Year-over-Year Comparison

2021 2020 Change
Revenue $1,950,525 $490,166 +3.0%
Expenses $905,307 $548,042 +0.7%
Net Income $1,045,218 $-57,876 -19.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
10
Volunteers
25

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
5
$65,385
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABDUL MUBAREZ DIRECTOR/PRESIDENT 2.00
Officer Director
$0 $0 $0
SALEH HASSAN DIRECTOR/TREASURER 3.00
Officer Director
$0 $0 $0
DR DEBBIE ALMONTASER DIRECTOR/SECRETARY 25.00
Officer Director
$0 $0 $0
ABDULKANI BAHAIBAH DIRECTOR 10.00
Director
$0 $0 $0
NAJI ALMONTASER DIRECTOR 5.00
Director
$0 $0 $0
ZAID NAJI DIRECTOR/VICE CHAIR 2.00
Officer Director
$0 $0 $0
ABEER ALHARAZI DEPUTY DIRECTOR 40.00
Officer
$65,385 $0 $65,385
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
2025 No data No data No data No data
2022 $1,950,525 $905,307 $1,338,394 $1,045,218
2022 $1,366,543 $903,842 $1,351,528 $462,701
2021 $494,166 $548,020 $247,515 $-53,854
2020 $604,064 $402,967 $363,817 $201,097
2019 $274,732 $236,380 $69,276 $38,352
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