Budget shortfall threatens NABJ
The National Association of Black Journalists is cutting expenses in the face of a $380,000 budget gap that's prompting the nonprofit to consider closing its Maryland office, The Huffington Post reports:
“It is not a pretty picture for NABJ,” states an assessment from the group’s finance committee, presented to the board in October. “If NABJ does not increase revenues in 2016, the organization’s financially [sic] viability will threaten the organization’s ability to operate and keep its doors open.”
NABJ, which touts itself as the largest U.S. organization of journalists of color, has already cut three staff positions, according to HuffPost. It has reportedly been hush-hush about factors motivating the shortfall, refusing to disclose financial records to The Huffington Post. But the report points to an "over-reliance on revenue from its annual convention," which is among the best-attended among journalism associations.
In 2009, NABJ faced a budget deficit of $612,779, according to The Huffington Post, a shortfall it emerged from the next year.