Black Chamber Of Commerce Of Lakecounty Inc

Organization Overview

Black Chamber Of Commerce Of Lakecounty Inc is located in Waukegan, IL. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Chamber Of Commerce Of Lakecounty Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Black Chamber Of Commerce Of Lakecounty Inc generated $291.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $332.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE THE ECONOMY SOCIO ECONOMIC HEALTH THROUGH DIFFERENT PROGRAMS SUCH AS PRE APPRENTICESHIP CONSTRUCTION TRAINING ACADEMY AND SMALL BUSINESS TRAINING

Describe the Organization's Program Activity:

Part 3 - Line 4a

TRAINING PROGRAM


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Board, Officers & Key Employees

Name (title)Compensation
Lydia Lewis
Program Director
$112,215
Dan Davis
Treasure
$0
Linda Arteberie
Accountant
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$174
Fundraising events$0
Related organizations$0
Government grants $266,883
All other contributions, gifts, grants, and similar amounts not included above$24,205
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$291,262
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $291,262

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