Form 990-EZ for tax year 2022
Filed by AFRICAN AMERICAN CHAMBER OF COMMERCE FOUNDATION.
Totals
- Total revenue
- $133,832
- Total expenses
- $64,560
- Contributions and grants received
- $133,832
- Grants paid
- $37,500
- Program service revenue
- not reported
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- not reported
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- not reported
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- not reported
- Total assets, end of year
- $152,500
- Total liabilities, end of year
- not reported
- Net assets or fund balances, end of year
- $152,500
- Program service expenses (Part III)
- $37,500
Program services were 58.1% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2022
Primary exempt purpose
THE PRIMARY PURPOSE OF THE FOUNDATION IS TO UPLIFT AND IMPROVE THE ECONOMIC CONDITION OF LOW WEALTH IN MINORITY COMMUNITIES IN THE REGION. THE FOUNDATION WILL PROVIDE TOOLS WITH WHICH THESE COMMUNITIES CAN LEARN SKILLS, BECOME ENTREPRENEURS AND BUSINESS OWNERS, THEREBY BECOMING SELF- SUFFICIENT EMPLOYEES AS WELL AS EMPLOYERS WHO, IN TURN, WILL DEVELOP OPPORTUNITIES FOR OTHERS IN THAT SAME COMMUNITY.
-
THE PRIMARY PURPOSE OF THE FOUNDATION IS TO UPLIFT AND IMPROVE THE ECONOMIC CONDITION OF LOW WEALTH IN MINORITY COMMUNITIES IN THE REGION. THE FOUNDATION WILL PROVIDE TOOLS WITH WHICH THESE COMMUNITIES CAN LEARN SKILLS, BECOME ENTREPRENEURS AND BUSINESS OWNERS, THEREBY BECOMING SELF- SUFFICIENT EMPLOYEES AS WELL AS EMPLOYERS WHO, IN TURN, WILL DEVELOP OPPORTUNITIES FOR OTHERS IN THAT SAME COMMUNITY.
Expenses $37,500 · Grants $37,500
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
Krishna NarineKRISHNA NARINE
EXECUTIVE DI
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 4
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2022
- Filed
- 15 May 2025
- IRS schema version
- 2022v5.0
- Source object
- 202521359349209557
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