Form 990 for tax year 2023
Filed by INDY BLACK CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $673,752
- Total expenses
- $615,116
- Contributions and grants received
- $663,233
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $10,519
- Other revenue
- $0
- Total assets, end of year
- $862,370
- Total liabilities, end of year
- $36,579
- Net assets or fund balances, end of year
- $825,791
- Program services expenses (Part IX)
- $546,477
- Management and general expenses
- $68,639
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,196
Program services were 88.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$46,554
-
1c · Fundraising events
$49,755
-
1f · All other contributions, gifts and grants
$566,924
-
3 · Investment income
total $10,519 · related or exempt $10,519
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $230,006 · program services $216,206 · management and general $13,800
-
10 · Payroll taxes
total $19,252 · program services $18,097 · management and general $1,155
-
11a · Fees: management
total $27,925 · program services $19,548 · management and general $8,377
-
11b · Fees: legal
total $10,900 · program services $7,630 · management and general $3,270
-
11c · Fees: accounting
total $9,890 · program services $6,923 · management and general $2,967
-
12 · Advertising and promotion
total $18,558 · program services $18,558
-
13 · Office expenses
total $6,971 · program services $5,577 · management and general $1,394
-
14 · Information technology
total $22,678 · program services $22,678
-
16 · Occupancy
total $63,954 · program services $44,768 · management and general $19,186
-
17 · Travel
total $3,030 · management and general $3,030
-
23 · Insurance
total $3,901 · program services $780 · management and general $3,121
-
24a · Other expenses: Bank Fees
total $2,565 · management and general $2,565
-
24b · Other expenses: Program Expenses
total $195,486 · program services $185,712 · management and general $9,774
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $608,053 · end of year $717,790
-
4 · Accounts receivable
beginning of year $18,725
-
5 · Loans and receivables from officers and key people
beginning of year $4,000 · end of year $4,000
-
7 · Other notes and loans receivable
beginning of year $157,102 · end of year $118,025
-
10a · Land, buildings and equipment: cost or other basis
$22,555
-
10c · Land, buildings and equipment, net
beginning of year $22,555 · end of year $22,555
-
17 · Accounts payable and accrued expenses
beginning of year $50 · end of year $50
-
25 · Other liabilities
beginning of year $43,229 · end of year $36,529
-
27 · Net assets without donor restrictions
beginning of year $767,156 · end of year $825,791
Mission and programs · 2023
Mission
To serve as a comprehensive resource for developing Black and Minority owned businesses, by providing business education, financing, and access to capital opportunities.
Activities or mission (Part I)
Our mission is to serve as a comprehensive resource for developing Black and Minorityowned businesses
-
Wealth Building Through Business Leadership:10 week business developement class graduated three cohorts. Through the offering of this well-versed curriculum impacted 36 entrepreneurs in their knowledge of business acumen.
Grants $250,000 · Revenue $93,962
-
Micro Enterprise Navigator Program: provided assistance to 70 micro business owners who were classified as LMI with business coaching and resource navigation services to help them scale and develop within their business.
Expenses $5,196 · Grants $28,335
As filed on the 2023 return.
Listed in Part VII
-
Anita WilliamsANITA WILLIAMS
Chairman of the Board
- Total calculated
- $0
- Hours/week
- 8
-
Katrina StovalKATRINA STOVAL
Board Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Dyann WilliamsDYANN WILLIAMS
Board Member
- Total calculated
- $0
- Hours/week
- 3
-
George MiddletonGEORGE MIDDLETON
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jamie WaltonJAMIE WALTON
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Regina WarrenREGINA WARREN
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Celeste JonesCELESTE JONES
Board Vice CoChair
- Total calculated
- $0
- Hours/week
- 1
-
Whitley YatesWHITLEY YATES
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Shola AjuboyeSHOLA AJUBOYE
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Larry WilliamsLARRY WILLIAMS
President
- Total calculated
- $0
- Hours/week
- 8
-
Thomas GriffinTHOMAS GRIFFIN
Board Vice CoChair
- Total calculated
- $0
- Hours/week
- 1
-
Courtney BrookinsCOURTNEY BROOKINS
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Greg HicksGREG HICKS
Cheif Financial Office
- Total calculated
- $0
- Hours/week
- 4
-
Gary NaylorGARY NAYLOR
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Derrick JonesDERRICK JONES
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Alex OlesonALEX OLESON
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Renea GatesRENEA GATES
Board Member
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412219349300811
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