Skip to content
Nonprofiteer
← AFRICAN AMERICAN CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by AFRICAN AMERICAN CHAMBER OF COMMERCE.

Totals

Total revenue
$610,869
Total expenses
$426,918
Contributions and grants received
$371,985
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$238,884
Total assets, end of year
$395,258
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$395,258
Program services expenses (Part IX)
$351,386
Management and general expenses
$75,532
Fundraising expenses
not reported
Program service expenses (Part III)
$351,386

Program services were 82.3% 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

    $81,067

  • 1e · Government grants (contributions)

    $200,000

  • 1f · All other contributions, gifts and grants

    $90,918

  • 11a · Other revenue: MISCELLANEOUS

    total $32,013

  • 11b · Other revenue: OTHER

    total $206,871

  • 11e · Other revenue, total

    $238,884

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $207,979 · program services $207,979

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $6,653 · program services $6,653

  • 9 · Other employee benefits

    total $18,270 · program services $18,270

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $500 · management and general $500

  • 11c · Fees: accounting

    total $17,000 · management and general $17,000

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $5,000 · program services $5,000

  • 12 · Advertising and promotion

    total $1,253 · program services $1,253

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $10,375 · management and general $10,375

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $41,377 · management and general $41,377

  • 17 · Travel

    total $3,783 · program services $3,783

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,091 · program services $1,091

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $1,019 · management and general $1,019

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $3,577 · management and general $3,577

  • 24a · Other expenses: EVENTS

    total $28,283 · program services $28,283

  • 24b · Other expenses: TELEPHONE EXPENSE

    total $1,684 · management and general $1,684

  • 24c · Other expenses: PAYROLL SERVICE FEES

    total $1,196 · program services $1,196

  • 24d · Other expenses: CONSULTANTS

    total $61,640 · program services $61,640

  • 24e · All other expenses

    total $16,238 · program services $16,238

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $318,813 · end of year $318,813

  • 4 · Accounts receivable

    beginning of year $11,492

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

    $76,445

  • 10c · Land, buildings and equipment, net

    beginning of year $3,244 · end of year $76,445

  • 15 · Other assets

    beginning of year $8,213

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,738

  • 25 · Other liabilities

    beginning of year $7,407

  • 27 · Net assets without donor restrictions

    beginning of year $332,617 · end of year $395,258

Mission and programs · 2022

Mission

TO PROVIDE SUBSTANTIVE SUPPORT IN ADVOCATING, DEVELOPING, AND PROMOTING BLACK-OWNED BUSINESS IN BOTH PUBLIC AND PRIVATE SECTOR FORUMS. THE AACC PROMOTES THE VISION, THE VOICE, AND THE VALUE OF BLACK BUSINESS OWNERSHIP IN THE DELAWARE VALLEY.

  • MEMBER SERVICES - BUSINESS GROWTH ROUNDTABLES 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 THROUGHOUT THE REGION FEATURING DEVELOPMENT PROJECTS THAT INSPIRE COMMUNITY INTERACTION.

    Expenses $351,386

As filed on the 2022 return.

Listed in Part VII

  • Jovan Goldstein

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Steven S Bradley

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    8

  • Lowell Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Justin Campbell

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Dimitria Davenport

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Vernice Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Ron Dutton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Cottom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Ron Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Edmonds

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Rosalind Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Karen Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Kenn Penn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Kenn Scott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Gary Shepherd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Glenn A Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Bjorn Henriques

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Gregory Deshields

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Malcom J Ingram

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Maria Frizelle Roberts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jovan Goldstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Judge Renee Cardwell Hughes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Tarik Brooks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Rayce Rollins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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
2022
Filed
17 May 2024
IRS schema version
2022v5.0
Source object
202421389349301452

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.