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North Carolina Mutual Life Insurance Company
NC Mutual (originally the North Carolina Mutual and Provident Association and later North Carolina Mutual Life Insurance Company) was an American life insurance company located in downtown Durham, North Carolina and one of the most influential African-American businesses in United States history. Founded in 1898 by local black social leaders, its business increased from less than a thousand dollars in income in 1899 to a quarter of a million dollars in 1910. The company specialized in "industrial insurance," which was basically burial insurance. The company hired salesmen whose main job was to collect small payments (of about 10 cents) to cover the insured person for the next week. If the person died while insured, the company immediately paid benefits of about 100 dollars. This covered the cost of a suitable funeral, which was a high prestige item in the black community. It began operations in the new tobacco manufacturing city of Durham, North Carolina, and moved north into Virg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Los Angeles Sentinel
The ''Los Angeles Sentinel'' is a weekly African-American owned newspaper published in Los Angeles, California. The paper boasts of reaching 125,000 readers , making it one of the oldest, largest and most influential African-American newspapers in the Western United States. The ''Sentinel'' was also noted for their coverage of the changing African-American daily life experience in the post-1992 Los Angeles Riots era. The ''Sentinel'' was founded in 1933 by Leon H. Washington Jr. for Black readers. Since that time, the newspaper has been considered a staple of Black life in Los Angeles. The paper mainly focuses on and thus enjoys most of its circulation in the predominantly African-American neighborhoods of South Los Angeles, Inglewood and Compton. The office is on Crenshaw Boulevard with commercial corridor in the Hyde Park neighborhood which is known as "the heart of African American commerce in Los Angeles". On March 17, 2004, the ''Sentinel'' was purchased and came under t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harmon Foundation
The Harmon Foundation was established in 1921 by wealthy real-estate developer and philanthropist William E. Harmon (1862–1928). A native of the Midwest, Harmon's father was an officer in the 10th Cavalry Regiment. The Foundation originally supported a variety of causes, including playgrounds and nursing programs, but is best known for having served as a large-scale patron of African-American art that helped gain recognition for African-American artists who otherwise would have remained largely unknown. Mary B. Brady was the director of the foundation from 1922 until 1967. It offered awards for distinguished achievements in eight different fields: literature, music, fine arts, business and industry (such as banker Anthony Overton in 1927), science and innovation, education (for example, educator Janie Porter Barrett in 1929), religious service, and race relations and sponsored traveling art exhibitions. Beyond offering support directly to outstanding individuals in the Blac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Chamber Of Commerce
The New York Chamber of Commerce was founded in 1768 by twenty New York City merchants. As the first such commercial organization in the United States, it attracted the participation of a number of New York's most influential business leaders, including John Jacob Astor, Peter Cooper, and J. Pierpont Morgan. The chamber's members were instrumental in the realization of several key initiatives in the region – including the Erie Canal, the Atlantic cable, and the New York City Transit Authority. The Chamber of Commerce survives today as the Partnership for New York City, which was formed from the 2002 merger of the New York Chamber of Commerce and Industry and the New York City Partnership. History Founding, 1769–1774 On April 5, 1768, a group of twenty New York merchants met at Bolton and Sigel's Tavern, in the building leased from Samuel Fraunces now known as Fraunces Tavern, to form a mercantile union. Organized under the name the New York Chamber of Commerce, the society ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Negro Insurance Association
The National Insurance Association (NIA) is the largest organization representing African American owned and operated insurance companies. History In 1921, 60 men representing 13 African American owned insurance companies met at the home office of North Carolina Mutual Life Insurance Company in Durham, North Carolina to found the National Negro Insurance Association. C. C. Spaulding was elected the organization's first president. In the 1950s, the name of the organization was changed to the National Insurance Association. Past presidents of the organization include Theodore A. Jones, former director of the Illinois Department of Revenue and George A. Beavers Jr., board chairman of the Golden State Mutual Life Insurance Company Golden State Mutual Life Insurance Company, was once the largest black-owned insurance company in the western United States, founded by William Nickerson Jr. with the assistance of Norman Oliver Houston and George Allen Beavers Jr. Founding In t .. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Howard University
Howard University (Howard) is a private, federally chartered historically black research university in Washington, D.C. It is classified among "R2: Doctoral Universities – High research activity" and accredited by the Middle States Commission on Higher Education. Tracing its history to 1867, from its outset Howard has been nonsectarian and open to people of all sexes and races. It offers undergraduate, graduate and professional degrees in more than 120 programs, more than any other historically black college or university (HBCU) in the nation. History 19th century Shortly after the end of the American Civil War, members of the First Congregational Society of Washington considered establishing a theological seminary for the education of black clergymen. Within a few weeks, the project expanded to include a provision for establishing a university. Within two years, the university consisted of the colleges of liberal arts and medicine. The new institution was named for Gene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Trustees
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Ger ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Manager
A general manager (GM) is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of the firm's marketing and sales functions as well as the day-to-day operations of the business. Frequently, the general manager is responsible for effective planning, delegating, coordinating, staffing, organizing, and decision making to attain desirable profit making results for an organization (Sayles 1979). In many cases, the general manager of a business is given a different formal title or titles. Most corporate managers holding the titles of chief executive officer (CEO) or president, for example, are the general managers of their respective businesses. More rarely, the chief financial officer (CFO), chief operating officer (COO), or chief marketing officer (CMO) will act as the general manager of the business. Depending on the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Clinton Spaulding
Charles Clinton Spaulding (August 1, 1874 – August 1, 1952) was an American business leader. For close to thirty years, he presided over North Carolina Mutual Life Insurance Company, which became America's largest black-owned business, with assets of over US$40million at his death. Biography Spaulding was born in Columbus County, North Carolina to Benjamin Mack Spaulding, Senior (1845–1921) and Margaret Ann Virginia Moore (1849–1920). He started out as a dishwasher and became general manager of a grocery company. In 1898, John Merrick, the owner of several barber shops, and Aaron M. Moore, a practicing physician, founded an insurance company, then named North Carolina Mutual and Provident Association. Merrick and Moore employed Spaulding in 1899 and he soon became general manager. After Moore's death in 1923, Spaulding took over as NC Mutual's president, serving until 1952. The company specialized in "industrial insurance", which was basically burial insurance. The com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investors
An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Types of investments include equity, debt, securities, real estate, infrastructure, currency, commodity, token, derivatives such as put and call options, futures, forwards, etc. This definition makes no distinction between the investors in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns stock is a shareholder. Types of investors There are two types of investors: retail investors and institutional investors. Retail investor * Individual investors (including trusts on behalf of individuals, and umbrella companies formed by two or more to pool investment funds) * Angel investors (individuals and groups) * Sweat equity investor Ins ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duke University Press
Duke University Press is an academic publisher and university press affiliated with Duke University. It was founded in 1921 by William T. Laprade as The Trinity College Press. (Duke University was initially called Trinity College). In 1926 Duke University Press was formally established. Ernest Seeman became the first director of DUP, followed by Henry Dwyer (1929-1944), W.T. LaPrade (1944-1951), Ashbel Brice (1951-1981), Richard Rowson (1981-1990), Larry Malley (1990-1993), Stanley Fish and Steve Cohn (1994-1998), Steve Cohn (1998-2019). Writer Dean Smith is the current director of the press. It publishes approximately 150 books annually and more than 55 academic journals, as well as five electronic collections. The company publishes primarily in the humanities and social sciences but is also particularly well known for its mathematics journals. The book publishing program includes lists in African studies, African American studies, American studies, anthropology, art and a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benevolent Society
The Benevolent Society, founded by Edward Smith Hall in 1813, is Australia's first and oldest charity. The society is an independent, not-for-profit organization whose main goals include helping families, older Australians and people with disabilities. The Benevolent Society centers around the advancement of society and positive change. Many of today's essential services in Australia were pioneered by The Benevolent Society, and its legacy of advocacy for progressive, positive change continues to inform their work today. The organization currently delivers services from 60 locations across New South Wales, including four main Sydney hubs and a national office, and the ACT, and 16 sites in Queensland. It has 1600 staff, plus a volunteer force of about 700. More than 56,000 people were reached through The Benevolent Society's 90 services, community programs and events in 2016–17. The chief executive officer is Lin Hatfield Dodds, and the chair of the company is Lisa Chung. Foci T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
