Form 990 for tax year 2023
Filed by COUNTY OF SAN DIEGO BLACK CHAMBER OF COMMERCE.
Totals
- Total revenue
- $2,412,359
- Total expenses
- $830,884
- Contributions and grants received
- $2,349,214
- Grants paid
- $229,807
- Program service revenue
- $0
- Investment income
- $63,145
- Other revenue
- $0
- Total assets, end of year
- $2,597,213
- Total liabilities, end of year
- $92,820
- Net assets or fund balances, end of year
- $2,504,393
- Program services expenses (Part IX)
- $660,081
- Management and general expenses
- $119,814
- Fundraising expenses
- $50,989
- Program service expenses (Part III)
- $660,081
Program services were 79.4% 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.
-
1c · Fundraising events
$1,885
-
1e · Government grants (contributions)
$2,049,000
-
1f · All other contributions, gifts and grants
$298,329
-
3 · Investment income
total $63,145 · excluded $63,145
-
8a · Fundraising events: gross income
$97,513
-
8a · Fundraising events: contributions included on line 1c
$1,885
-
8b · Fundraising events: direct expenses
$97,513
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $181,731 · program services $181,731
-
2 · Grants to domestic individuals
total $48,076 · program services $48,076
-
5 · Compensation of officers, directors and key employees
total $200,000 · program services $100,000 · management and general $70,000 · fundraising $30,000
-
11g · Fees: other
total $270,416 · program services $214,644 · management and general $41,688 · fundraising $14,084
-
12 · Advertising and promotion
total $46,152 · program services $36,922 · management and general $4,615 · fundraising $4,615
-
13 · Office expenses
total $12,137 · program services $9,709 · management and general $1,214 · fundraising $1,214
-
17 · Travel
total $3,148 · program services $2,519 · management and general $629
-
19 · Conferences, conventions and meetings
total $66,480 · program services $66,480
-
24a · Other expenses: Meals & entertainment
total $1,668 · management and general $1,668
-
24b · Other expenses: Business expenses
total $1,040 · fundraising $1,040
-
24c · Other expenses: Bank fees
total $36 · fundraising $36
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $752,783 · end of year $294,979
-
2 · Savings and temporary cash investments
end of year $2,063,145
-
4 · Accounts receivable
beginning of year $74,000 · end of year $5,000
-
9 · Prepaid expenses and deferred charges
beginning of year $2,483 · end of year $0
-
15 · Other assets
beginning of year $248,470 · end of year $234,089
-
17 · Accounts payable and accrued expenses
beginning of year $60,199 · end of year $2,880
-
24 · Unsecured notes and loans payable
beginning of year $95,220 · end of year $89,940
-
27 · Net assets without donor restrictions
beginning of year $920,317 · end of year $2,502,393
-
28 · Net assets with donor restrictions
beginning of year $2,000 · end of year $2,000
Mission and programs · 2023
Mission
To create generational wealth through business enterprise, education, employment, and investing. Our GOAL is to support the business, career, and financial success of our Chamber members which results in the economic empowerment of our Communities. The Central San Diego Black Chamber of Commerce utilizes innovative programs, networking opportunities, and business partnerships to advance and strengthen Inclusive Economic Development throughout the City and County of San Diego.
Activities or mission (Part I)
To create generational wealth through business enterprise, education, employment, and investing. Our GOAL is to support the business, career, and financial success of our Chamber members which results in the economic empowerment of our Communities.
-
Urban Business Resource Center was established 2019 with the intent to support the inception, growth, and scale of locally owned businesses.
Expenses $660,081 · Grants $229,807
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bruce Mayberry
Chairman
- Total calculated
- $0
- Hours/week
- 15 + 5 related
-
Dr Nicholas Holmes
Vice Chair
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Ryan Saathoff
Treasurer
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Erica Beal
Secretary (Jan - March)
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Lee Wills-Irvine
Board Member/Sec. (trans April)
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Dr Ricky Shabazz
Board Member
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
India Jewell
Board Member
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Donna DeBerry
President/CEO
- Total calculated
- $0
- Hours/week
- 35 + 5 related
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
-
Greenish Vibes
$6,690
Scholarship contribution
-
Scholarship contribution
-
7 Flora Aromas
$6,190
Sponsorship contribution
-
Afro Blow Out Bar LLC
$6,190
Scholarship contribution
-
Cook Casa Inc
$6,190
Scholarship contribution
-
$6,190
Scholarship contribution
-
Lovely Little Ladies Corporation
$6,190
Scholarship contribution
-
Mack's Soul Grill & Sandwiches
$6,190
Scholarship contribution
-
One One One One
$6,190
Scholarship contribution
-
Parkwood Capital Inc
$6,190
Scholarship contribution
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Central San Diego Black Chamber of Commerce - Operations
501(c)(6) · Promote commerce for black owned businesses · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403259349300845
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.