Central San Diego Black Chamber Of Commerce Education Foundation
- Assets
- $1.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-1984639
Organization Overview
Central San Diego Black Chamber Of Commerce Education Foundation is located in San Diego, CA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central San Diego Black Chamber Of Commerce Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Central San Diego Black Chamber Of Commerce Education Foundation generated $3.1m in total revenue. All expenses for the organization totaled $2.5m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE GENERATIONAL WEALTH THROUGH BUSINESS ENTERPRISE, EDUCATION, EMPLOYMENT, AND INVESTING. OUR GOAL IS TO SUPPORT THE BUSINESS, CAREER, AND FINANCIAL SUCCESS OF OUR CHAMBER MEMBERS WHICH RESULTS IN THE ECONOMIC EMPOWERMENT OF OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
URBAN BUSINESS RESOURCE CENTER WAS ESTABLISHED 2019 WITH THE INTENT TO SUPPORT THE INCEPTION, GROWTH, AND SCALE OF LOCALLY OWNED BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Mayberry Chairman | OfficerTrustee | 12 | $0 |
Dr Nicholas Holmes Vice Chair | OfficerTrustee | 3 | $0 |
Ryan Saathoff Treasurer | OfficerTrustee | 3 | $0 |
Christine Antoine Secretary | OfficerTrustee | 3 | $0 |
Donna Deberry President/ceo | Officer | 7 | $0 |
Lee Wills-Irvine Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,119,764 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,119,764 |
| 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 | $3,119,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,138,290 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $304,237 |
| Advertising and promotion | $39,339 |
| Office expenses | $627 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $929 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,524,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,071,533 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,444 |
| Total assets | $1,368,477 |
| Accounts payable and accrued expenses | $129,916 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $100,500 |
| Other liabilities | $0 |
| Total liabilities | $230,416 |
| Net assets without donor restrictions | $1,104,913 |
| Net assets with donor restrictions | $33,148 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,368,477 |
Grants Awarded
Over the last fiscal year, Central San Diego Black Chamber Of Commerce Education Foundation has awarded $2,135,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: Charitable Contribution | $2,065,000 |
Spring Valley, CA PURPOSE: Charitable Contribution | $50,000 |
San Diego, CA PURPOSE: Charitable Contribution | $10,000 |
NWB IMAGING PURPOSE: Charitable Contribution | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central San Diego Black Chamber Of Commerce Education Foundation has recieved totaling $45,636.
| Awarding Organization | Amount |
|---|---|
Catalyst Of San Diego & Imperial Counties San Diego, CA PURPOSE: Return balance of Black Business Relief Funds to utilize in support of Black business owners during COVID | $45,636 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Duffield Family Foundation Pleasanton, CA | $258,368,317 | $20,065,038 |
American Indian Model Schools Oakland, CA | $18,645,472 | $19,971,757 |
Partnership For Los Angeles Schools Los Angeles, CA | $63,718,377 | $31,128,437 |
Hamburger Home Los Angeles, CA | $14,127,988 | $18,500,267 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Summit Public Schools Washington Redwood City, CA | $14,247,719 | $16,987,121 |
All For Health Health For All Inc Glendale, CA | $29,884,317 | $23,523,677 |
International Society For Technology In Education Portland, OR | $20,256,205 | $13,556,365 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Oxford Preparatory Academy Aliso Viejo, CA | $8,703,539 | $15,190,265 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |