COLLEGE PARK, MD--(Marketwired - October 18, 2016) - The National Association of Black Journalists (NABJ) is set to end the year with a projected $1 million surplus -- one of the highest in the organization's 41-year history.
NABJ President Sarah Glover announced the historic news during the fall board meeting on Sunday. The unaudited amount represents a half million dollars more than what NABJ reported as the expected 2016 surplus during its national convention in August. The projected surplus is a result of disciplined fiscal management and a surge in convention registrations -- 3,209 NABJ registrants for the 2016 NABJ/NAHJ Convention, which had a total of 3,890 attendees.
"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," Glover said. "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."
"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," Glover added.
The organization's current leadership inherited a significant deficit, prompting far-reaching media headlines that questioned the organization's viability. The reports of the association's demise were highly exaggerated. Not only is NABJ now in the black, it's in a strong position to improve its savings and investments, operations, programs and partner relationships.
Glover cautions now is the time to remain diligent and maintain discipline with the organization's finances. With this surplus, NABJ will seek to improve the organization's operations by taking a strategic look at four areas -- investments, finances, operations and personnel.
About the National Association of Black Journalists:
An advocacy group established in 1975 in Washington, D.C., NABJ is the largest organization for journalists of color in the nation, and provides career development as well as educational and other support to its members worldwide. For more information, please visit www.nabj.org.