The National Association of Black Journalists operated with a total deficit of $642,000 from 2013-15. However, an increase in registration for the 2016 NABJ/NAHJ Conference and other decisions made by the executive board have lead to one of the organization’s best financial years in history with a projected $1 million surplus.
“I am very proud of the strong business practices NABJ put in place at the beginning of the year. Those efforts contributed to a projected million dollar-plus surplus for 2016. NABJ will meet my goal of no deficit in 2016,” said NABJ President Sarah Glover in a press release. “I’m thankful for our partners and members who stepped up in a major way and helped us reach this historic milestone by supporting the 2016 NABJ/NAHJ Convention and other NABJ programs. We could not have achieved these results without the NABJ family.”
However, according to the Root, the organization still has work to do. Former NABJ President and NABJ Finance Committee Chairman Gregory H. Lee recalled a conversation with the association’s auditor who said that they’ll need to have good financial years twice in order to be in a good position to continue to prosper.
“We are working to ensure NABJ’s long-term financial health by focused efforts on zero-based budgeting and careful fiscal management — watching expenses closely, securing new revenue, and making sound investments,” said Glover.