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Nonprofiteer
← AFRICAN CHAMBER OF COMMERCE OF COLORADO USA

Form 990 for tax year 2023

Filed by AFRICAN CHAMBER OF COMMERCE OF COLORADO USA.

Totals

Total revenue
$209,530
Total expenses
$270,784
Contributions and grants received
$209,530
Grants paid
$3,350
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,518,015
Total liabilities, end of year
$1,518,015
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$204,322
Management and general expenses
$0
Fundraising expenses
$66,462
Program service expenses (Part III)
$204,322

Program services were 75.5% 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

    $2,761

  • 1c · Fundraising events

    $3,000

  • 1d · Related organizations

    $44,175

  • 1e · Government grants (contributions)

    $101,228

  • 1f · All other contributions, gifts and grants

    $58,366

  • 8a · Fundraising events: contributions included on line 1c

    $3,000

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,350 · program services $3,350

  • 4 · Benefits paid to or for members

    total $3,500 · program services $3,500

  • 7 · Other salaries and wages

    total $89,611 · program services $89,611 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $18,025 · program services $18,025 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $23,051 · program services $23,051 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $66,462 · fundraising $66,462

  • 12 · Advertising and promotion

    total $5,625 · program services $5,625 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $13,600 · program services $13,600 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $21,518 · program services $21,518 · management and general $0 · fundraising $0

  • 17 · Travel

    total $20,787 · program services $20,787 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $3,750 · program services $3,750 · management and general $0 · fundraising $0

  • 24a · Other expenses: Car T Truck

    total $1,505 · program services $1,505 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $1,168,119

  • 4 · Accounts receivable

    end of year $343,325

  • 5 · Loans and receivables from officers and key people

    end of year $500

  • 11 · Investments: publicly traded securities

    end of year $6,071

  • 17 · Accounts payable and accrued expenses

    end of year $1,518,015

Mission and programs · 2023

Mission

We create economic growth and investment by empowering the business Community of colorado. Covid 19 pendemic and Planed Programs to support Covid Vacination drive.

Activities or mission (Part I)

We create economic growth and investment by empowering the business Community of colorado. The Organization supported families affected by Covid 19 pendemic and Planed Programs to support Covid Vacination drive.

  • Lauched the African Chambers women's Entre Program and Graduates 20 women, Lauched the African chamber youth Entrepreurship and graduated 2 cohorts totalling 28 studens. Chambers graduated 12 students from quickbooks class. Chambers held 3rd Annual business Awards receiption to recognise the outstanding business.

  • The organisation supported the small businesses within the metro area with financial assistance as well mentorship and training to the new business owners

    Expenses $204,322 · Grants $101,228 · Revenue $209,530

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

Listed in Part VII

  • Naquette Ricks

    President

    Total calculated
    $0

  • Maya Wheeler

    Executive Director

    Total calculated
    $0

  • Teguo Daniel Djoyum

    Public Health Project Manager

    Total calculated
    $0

  • Mohamed Ajjour

    Outreach Coordinator

    Total calculated
    $0

  • George Awuor

    Outreach and Policy

    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
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202441359349300309

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