Skip to content
Nonprofiteer
← MIDLANDS AFRICAN CHAMBER INC

Form 990 for tax year 2022

Filed by MIDLANDS AFRICAN CHAMBER INC.

Totals

Total revenue
$265,861
Total expenses
$137,828
Contributions and grants received
$175,427
Grants paid
$24,500
Program service revenue
$90,434
Investment income
$0
Other revenue
$0
Total assets, end of year
$190,382
Total liabilities, end of year
$4,176
Net assets or fund balances, end of year
$186,206
Program services expenses (Part IX)
$63,936
Management and general expenses
$73,892
Fundraising expenses
$0
Program service expenses (Part III)
$63,936

Program services were 46.4% 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.

  • 1b · Membership dues

    $14,242

  • 1f · All other contributions, gifts and grants

    $161,185

  • 2a · Program service revenue: PITCH BLACK

    total $90,434 · related or exempt $90,434

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $24,500 · program services $24,500

  • 7 · Other salaries and wages

    total $26,750 · management and general $26,750

  • 10 · Payroll taxes

    total $8,932 · management and general $8,932

  • 11c · Fees: accounting

    total $2,252 · management and general $2,252

  • 11g · Fees: other

    total $13,264 · management and general $13,264

  • 12 · Advertising and promotion

    total $5,194 · management and general $5,194

  • 13 · Office expenses

    total $7,258 · management and general $7,258

  • 16 · Occupancy

    total $5,518 · management and general $5,518

  • 17 · Travel

    total $943 · management and general $943

  • 22 · Depreciation, depletion and amortization

    total $384 · management and general $384

  • 23 · Insurance

    total $1,558 · management and general $1,558

  • 24a · Other expenses: PITCH BLACK ACCELERATOR

    total $38,877 · program services $38,877

  • 24b · Other expenses: COMPUTER APPS & SOFTWAR

    total $675 · management and general $675

  • 24c · Other expenses: MEMBERSHIPS & SUBSCRIPT

    total $669 · management and general $669

  • 24d · Other expenses: SUIT UP

    total $559 · program services $559

  • 24e · All other expenses

    total $495 · management and general $495

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,175 · end of year $176,924

  • 4 · Accounts receivable

    beginning of year $5,000

  • 6 · Loans and receivables from disqualified persons

    end of year $10,000

  • 10a · Land, buildings and equipment: cost or other basis

    $3,842

  • 10b · Land, buildings and equipment: accumulated depreciation

    $384

  • 10c · Land, buildings and equipment, net

    beginning of year $550 · end of year $3,458

  • 17 · Accounts payable and accrued expenses

    end of year $4,176

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $63,725 · end of year $186,206

Mission and programs · 2022

Mission

TO EMPOWER, CONNECT, AND CHAMPION THE AFRICAN AND AFRICAN AMERICAN BUSINESS COMMUNITIES IN NEBRASKA AND IN THE MIDWEST

  • THE PITCH BLACK ACCELERATOR ("PBA") IS AN ENTERPRISE ACCELERATOR PROGRAM DESIGNED TO STRENGTHEN, ENERGIZE, AND SUPPORT STARTUPS AND SMALL BUSINESSES LED BY BLPOC ENTREPRENEURS IN NEBRASKA AND THROUGHOUT THE MIDLANDS. PBA IDENTIFIES BLACK BUSINESS LEADERS WITH IMPACT-ORIENTED SOLUTIONS, ADDRESSING ESSENTIAL COMMUNITY NEEDS WHILE SPURRING SUSTAINABLE GROWTH.

    Expenses $63,377 · Grants $24,500 · Revenue $90,434

  • THE MISSION OF THE SUIT UP PROGRAM IS TO EMPOWER YOUNG MEN AND WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE BY PROVIDING A NETWORK OF SUPPORT, PROFESSIONAL ATTIRE, HEADSHOT, AND JOB READINESS WORKFORCE PREPARATION. THIS PROGRAM IS DESIGNED TO CREATE OPPORTUNITIES FOR TEENS AND YOUNG ADULTS IN AT-RISK POPULATIONS IN BLACK AND BROWN, IMMIGRANT, AND REFUGEE COMMUNITIES SO AS TO INSPIRE AND FEED THE PIPELINE OF FUTURE MINORITY ENTREPRENEURS.

    Expenses $559

As filed on the 2022 return.

Listed in Part VII

  • Karine Sokpoh

    PRESIDENT

    Total calculated
    $0
    Hours/week
    30
  • Fidele Mienso

    SECRETARY

    Total calculated
    $14,430
    From this org
    $14,430
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Marco Kpeglo Leroc

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Oluseyi Olowolafe

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • John Ouedraogo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Luper Akough

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Deborah Gaspard

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Ali Hussain

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Philippe Bruce

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Jack Beguedou

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Jason Sailes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Damien Foster

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Josefina Loza

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    30

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.

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.

  • MAC FOUNDATION INC

    501(C)(3) · TO CONNECT, EMPOWER, AND ELAVATE UNDERREPRESENTED ENTREPRENEURS. · NE

Provenance

Return type
form_990
Tax year
2022
Filed
26 October 2023
IRS schema version
2022v5.0
Source object
202322999349300547

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.