Form 990 for tax year 2024
Filed by AFRICAN AMERICAN CHAMBER OF COMMERCE.
Totals
- Total revenue
- $797,039
- Total expenses
- $1,172,740
- Contributions and grants received
- $762,953
- Grants paid
- $0
- Program service revenue
- $34,043
- Investment income
- $43
- Other revenue
- $0
- Total assets, end of year
- $406,353
- Total liabilities, end of year
- $258,656
- Net assets or fund balances, end of year
- $147,697
- Program services expenses (Part IX)
- $1,049,392
- Management and general expenses
- $123,348
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,049,392
Program services were 89.5% 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
$144,719
-
1c · Fundraising events
$206,859
-
1e · Government grants (contributions)
$200,000
-
1f · All other contributions, gifts and grants
$211,375
-
2a · Program service revenue: National Convening of Black Mayors
total $34,043 · related or exempt $34,043
-
3 · Investment income
total $43 · unrelated business $43
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $385,623 · program services $385,623
-
7 · Other salaries and wages
total $63,715 · program services $63,715
-
9 · Other employee benefits
total $36,097 · program services $36,097
-
11b · Fees: legal
total $19,901 · management and general $19,901
-
11c · Fees: accounting
total $36,886 · management and general $36,886
-
11g · Fees: other
total $136,946 · program services $136,946
-
12 · Advertising and promotion
total $52,304 · program services $52,304
-
13 · Office expenses
total $7,787 · management and general $7,787
-
14 · Information technology
total $28,644 · management and general $28,644
-
16 · Occupancy
total $22,942 · management and general $22,942
-
17 · Travel
total $20,579 · program services $20,579
-
19 · Conferences, conventions and meetings
total $1,200 · program services $1,200
-
23 · Insurance
total $4,983 · management and general $4,983
-
24a · Other expenses: TELEPHONE
total $2,205 · management and general $2,205
-
24b · Other expenses: PAYROLL SERVICE FEE
total $2,853 · program services $2,853
-
24c · Other expenses: EVENTS
total $246,809 · program services $246,809
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $4,828 · program services $4,828
-
24e · All other expenses
total $98,438 · program services $98,438
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $655,468 · end of year $258,607
-
3 · Pledges and grants receivable
beginning of year $308,835 · end of year $137,000
-
10a · Land, buildings and equipment: cost or other basis
$94,622
-
10b · Land, buildings and equipment: accumulated depreciation
$83,950
-
10c · Land, buildings and equipment, net
beginning of year $1,206 · end of year $10,672
-
15 · Other assets
beginning of year $4,865 · end of year $74
-
17 · Accounts payable and accrued expenses
beginning of year $46,681 · end of year $46,856
-
19 · Deferred revenue
end of year $211,800
-
25 · Other liabilities
beginning of year $384,159
-
27 · Net assets without donor restrictions
beginning of year $539,534 · end of year $147,697
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
-
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 $0 · end of year $0
Mission and programs · 2024
Mission
TO NBSP;PROVIDE NBSP;SUBSTANTIVE NBSP;SUPPORT NBSP;IN NBSP;ADVOCATING NBSP;DEVELOPING NBSP;AND NBSP;PROMOTING NBSP;BLACK-OWNED NBSP;BUSINESS NBSP;IN NBSP;BOTH NBSP;PUBLIC NBSP;AND NBSP;PRIVATE NBSP;SECTOR NBSP;FORUMS NBSP;THE NBSP;AACOC NBSP;PROMOTES NBSP;THE NBSP;VISION NBSP;THE NBSP;VOICE NBSP;AND NBSP;THE NBSP;VALUE NBSP;OF NBSP;BLACK NBSP;BUSINESS NBSP;OWNERSHIP NBSP;IN NBSP;THE NBSP;DELAWARE NBSP;VALLEY
Activities or mission (Part I)
TO PROVIDE SUBSTANTIVE SUPPORT IN ADVOCATING, DEVELOPING, AND PROMOTING BLACK-OWNED BUSINESS IN BOTH PUBLIC AND PRIVATE SECTOR FORUMS. THE AACOC PROMOTES THE VISION, THE VOICE, AND THE VALUE OF BLACK BUSINESS OWNERSHIP IN THE DELAWARE VALLEY.
-
MEMBER SERVICES - BUSINESS GROWTH ROUNTABLES ARE OFFERED WHERE IN-DEPTH INTIMATE ROUNDTABLE DISCUSSIONS ARE LED BY NOTABLE INDUSTRY EXPERTS ALSO COMMUNITY DEVELOPMENT AND NETWORKING EVENTS ARE HELD WITH BUSINESS-THEMED NETWORKING EVENTS HOSTED AT MEMBER VENUES THROUGHT THE REGION FEATURING DEVELOPMENT PROJECTS THAT INSPIRE COMMUNITY INTERACTION.
Expenses $1,049,392
As filed on the 2024 return.
Listed in Part VII
-
Regina HairstonREGINA HAIRSTON
PRESIDENT
- Total calculated
- $150,000
- From this org
- $150,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Renee Cardwell-HughesRENEE CARDWELL-HUGHES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard CottomRICHARD COTTOM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daivy DambrevilleDAIVY DAMBREVILLE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ron DavisRON DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ron DuttonRON DUTTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian EdmondsBRIAN EDMONDS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tummona FisherTUMMONA FISHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Maria Frizelle-RobertsMARIA FRIZELLE-ROBERTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jovan GoldsteinJOVAN GOLDSTEIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bjorn HenriquesBJORN HENRIQUES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff HornsteinJEFF HORNSTEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Malcolm IngramMALCOLM INGRAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Krystal JonesKRYSTAL JONES
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Rosalind LeeROSALIND LEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karen LewisKAREN LEWIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Vernice LewisVERNICE LEWIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Roman McDonaldROMAN MCDONALD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Krishna NarineKRISHNA NARINE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tony Payton JrTONY PAYTON JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kenn PennKENN PENN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James SandersJAMES SANDERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth ScottKENNETH SCOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steven Scott BradleySTEVEN SCOTT BRADLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melonease ShawMELONEASE SHAW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gary ShepherdGARY SHEPHERD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lowell ThomasLOWELL THOMAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rita Toliver-RobertsRITA TOLIVER-ROBERTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stokley TomlinsonSTOKLEY TOMLINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew CoombsANDREW COOMBS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dimitria DavenportDIMITRIA DAVENPORT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Justin CampbellJUSTIN CAMPBELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Glenn BrownGLENN BROWN
BOARD MEMBER
- Total calculated
- $0
-
Tarik BrooksTARIK BROOKS
BOARD MEMBER
- Total calculated
- $0
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
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513219349306601
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