Skip to content
Nonprofiteer
← QUAD COUNTY AFRICAN AMERICAN CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by QUAD COUNTY AFRICAN AMERICAN CHAMBER OF COMMERCE.

Totals

Total revenue
$106,597
Total expenses
$90,154
Contributions and grants received
$16,076
Grants paid
$0
Program service revenue
$89,967
Investment income
$554
Other revenue
$0
Total assets, end of year
$76,442
Total liabilities, end of year
$3,991
Net assets or fund balances, end of year
$72,451
Program services expenses (Part IX)
$83,381
Management and general expenses
$6,773
Fundraising expenses
$0
Program service expenses (Part III)
$83,381

Program services were 92.5% 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

    $12,800

  • 1f · All other contributions, gifts and grants

    $3,276

  • 2a · Program service revenue: JAZZ BRUNCH

    total $48,859 · related or exempt $48,859

  • 2b · Program service revenue: GOLF OUTING

    total $25,800 · related or exempt $25,800

  • 2c · Program service revenue: SCHOLARSHIPS

    total $7,785 · related or exempt $7,785

  • 2d · Program service revenue: NETWORKING EVENT

    total $7,523 · related or exempt $7,523

  • 3 · Investment income

    total $554 · related or exempt $554

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $9,000 · program services $9,000

  • 10 · Payroll taxes

    total $828 · program services $828

  • 11c · Fees: accounting

    total $6,773 · management and general $6,773

  • 11g · Fees: other

    total $1,459 · program services $1,459

  • 12 · Advertising and promotion

    total $4,004 · program services $4,004

  • 13 · Office expenses

    total $2,853 · program services $2,853

  • 23 · Insurance

    total $1,191 · program services $1,191

  • 24a · Other expenses: COMMUNITY SPONSERSHIP

    total $25,879 · program services $25,879

  • 24b · Other expenses: COMMUNITY SPONSERSHIP

    total $11,767 · program services $11,767

  • 24c · Other expenses: TOURNAMENT EXPENSES

    total $11,037 · program services $11,037

  • 24d · Other expenses: SCHOLARSHIP EXPENSE

    total $7,500 · program services $7,500

  • 24e · All other expenses

    total $7,863 · program services $7,863

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,076 · end of year $18,956

  • 2 · Savings and temporary cash investments

    beginning of year $41,932 · end of year $55,486

  • 7 · Other notes and loans receivable

    beginning of year $2,000 · end of year $2,000

  • 25 · Other liabilities

    end of year $3,991

  • 27 · Net assets without donor restrictions

    beginning of year $56,008 · end of year $72,451

Mission and programs · 2023

Mission

WE PROVIDE BUSINESS SEMINARS, JOB PROGRAMS, EDUCATIONAL LECTURES, CIVIC AND CHARITABLE EVENTS FOR AFRICAN AMERICAN AND OTHER SMALL BUSINESSES

  • WE ORGANIZE AN ANNUAL JAZZ BRUNCH WHERE THE LOCAL COMMUNITY RECOGNIZES THE ACHEIVEMENTS OF AFRICAN AMERICAN BUSINESS AND INDIVIDUALS THAT HAVE CONTRIBUTED POSITIVELY TO THE ECONOMIC GROWTH OF, SPECIFICALLY THE SURROUNDING FOUR COUNTIES.

    Expenses $51,029 · Revenue $74,659

  • WE PROVIDE UNDERSERVED STUDENTS WITH SCHOLARSHIPS TO ASSIST WITH THEIR TUITION AND FEES IN PURSUIT OF A COLLEGE DEGREE OR HIGHER EDUCATION.

    Expenses $7,500 · Revenue $7,785

  • WE FACILITATE AND CONDUCT NETWROKING EVENTS AND EDUCATIONAL SEMINARS FOR MINORITIES AND SMALL BUSINESSES TO CONNECT AND FOSTER BUSINESS AND COMMUNITY RELATIONSHIPS, ESPECIALLY FOR UNDERSERVED COMMUNITIES.

    Revenue $7,523

  • WE PROVIDE SEMINARS TO MINORITY BUSINESSES ON AN ONGOING BASIS, JOB TRAINING AND EDUCATIONAL LECTURES BY PROFESSIONAL BUSINESS MEN AND CIVIC AND CHARITABLE ORGANIZATIONS FOR AFRICAN AMERICAN BUSINESSES AND OTHER SMALL BUSINESSES.

    Expenses $24,852

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sherman Jenkins

    CHAIRMAN

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Harish Ananthapadmanabhan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sheena Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Liezel Esquivel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Ford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shian Jno-Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dorothea Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lorena Labastida

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shelley Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sherman Neal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Markeis Syayles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rod Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harpreet S Chawla

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Michael Pegues

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    4

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 May 2024
IRS schema version
2023v5.0
Source object
202421319349300507

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.