African American Chamber Of Commerce Of Central Florida Inc
- Assets
- $496.7k
- Revenue
- $605.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Orlando, FL
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 59-3314330
Organization Overview
African American Chamber Of Commerce Of Central Florida Inc is located in Orlando, FL. The organization was established in 1996. 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. As of 12/2021, African American Chamber Of Commerce Of Central Florida Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African American Chamber Of Commerce Of Central Florida 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, African American Chamber Of Commerce Of Central Florida Inc generated $605.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $522.0k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE AND SUPPORT MINORITY BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AFRICAN-AMERICAN CHAMBER OF COMMERCE OF CENTRAL FLORIDA MENTORED 503 MEMBERS BY OFFERING VARIOUS NETWORKING EVENTS AND BUSINESS CLASSES. BUSINESS CLASSES INCLUDE COURSES ON MARKETING AND SALES, BUSINESS OWNERSHIP AND COMPONENTS OF A SUCCESSFUL BUSINESS. THE CHAMBER ALSO OFFERS CLASSES ON HOW TO DO BUSINESS WITH LOCAL LARGE ENTITIES IN THE CENTRAL FLORIDA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tanisha Gary President | OfficerTrustee | 40 | $111,065 |
Tajuan Mills Vice Chair | OfficerTrustee | 1 | $0 |
Leticia Adams Immediate Past Chair | OfficerTrustee | 1 | $0 |
Barrington Booth Treasurer | OfficerTrustee | 1 | $0 |
Bruce Mount Jr Chair | OfficerTrustee | 1 | $0 |
Derek Bruce Legal Counsel | OfficerTrustee | 1 | $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 | $19,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,965 |
| Total Program Service Revenue | $585,045 |
| 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 | $605,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,649 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,065 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,919 |
| Pension plan accruals and contributions | $2,802 |
| Other employee benefits | $0 |
| Payroll taxes | $22,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $20,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,741 |
| Advertising and promotion | $12,668 |
| Office expenses | $12,815 |
| Information technology | $12,527 |
| Royalties | $0 |
| Occupancy | $22,862 |
| Travel | $1,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,877 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,698 |
| Insurance | $2,448 |
| All other expenses | $22,938 |
| Total functional expenses | $522,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,098 |
| 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 | $1,925 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,163 |
| Total assets | $496,695 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $99,910 |
| 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 | $0 |
| Other liabilities | $11,186 |
| Total liabilities | $111,096 |
| Net assets without donor restrictions | $385,599 |
| Net assets with donor restrictions | $0 |
| 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 | $496,695 |
Grants Awarded
Over the last fiscal year, African American Chamber Of Commerce Of Central Florida Inc has awarded $100,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
EMPOWER CHIROPRACTIC LLC PURPOSE: To assist small businesses during the pandemic. | $20,000 |
PRORESTORE SERVICES PURPOSE: To assist small businesses during the pandemic. | $20,000 |
TEEN PARADISE LLC PURPOSE: To assist small businesses during the pandemic. | $10,000 |
GRAHAM LEAK BRANDING LLC PURPOSE: To assist small businesses during the pandemic. | $10,000 |
ANDERSON & ASSOCIATES PA PURPOSE: To assist small businesses during the pandemic. | $7,500 |
HAIR IN MOTION NEW YORK PURPOSE: To assist small businesses during the pandemic. | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that African American Chamber Of Commerce Of Central Florida Inc has recieved totaling $13,554.
| Awarding Organization | Amount |
|---|---|
Black Business Capital Financing Corporation Orlando, FL PURPOSE: TO PROMOTE AFRICAN AMERICAN BUSINESSES | $13,554 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Institute Of Internal Auditors Lake Mary, FL | $101,351,692 | $59,361,984 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |