Greater Phoenix Black Chamber Of Commerce
- Assets
- $29.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 02/2010
- Data as of
- 12/2022
- EIN
- 86-0898817
Organization Overview
Greater Phoenix Black Chamber Of Commerce, operating under the name Black Chamber Of Arizona, is located in Phoenix, AZ. The organization was established in 2010. 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 Arizona 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 12/2022, Black Chamber Of Arizona generated $121.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $102.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE ECONOMIC DEVELOPMENT OF ENTREPRENEURS AND THE COMMUNITIES THEY SERVE. THE CHAMBER SERVES AS TEH CORNERSTONE FOR EDUCATIONAL TRAINING, RESOURCES AND ECONOMIC GROWTH OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3
THE CHAMBER IS FOCUSED ON FACILITATING THE ECONOMIC GROWTH OF THE GREATER PHOENIX BUSINESS COMMUNITY BY PROVIDING ACCESS TO BUSINESS RESOURCES AND OPPORTUNITIES THAT ADD VALUE THROUGH FIVE PILLARS OF SERVICE. 1) ADVOCACY - THE CHAMBER FIGHTS FOR LEGISLATION THAT PROMOTES SMALL BUSINESS GROWTH, PARTICULARLY POLICIES THAT ADDRESS THE CHALLENGES OF BLACK BUSINESS OWNERS. 2) ACCESS TO CAPITAL - CAPITAL ACCESS REMAINS THE MOST IMPORTANT FACTOR LIMITING THE ESTABLISHMENT, EXPANSION AND GROWTH OF BLACK-OWNED BUSINESSES. 3) CONTRACTING - OUR GOAL IS TO LEVEL THE PLAYING FIELD BY HELPING MEMBERS GAIN ACCESS TO BUSINESS OPPORTUNITIES IN PRIVATE AND PUBLIC SECTORS. 4) ENTREPRENEUR TRAINING - THE CHAMBER IS COMMITTED TO HELPING BLACK BUSINESS LEADERS ACHIEVE STELLAR PERFORMANCE AND GROWTH THROUGH ENTREPRENEUR AND BUSINESS MANAGEMENT TRAINING. 5) BUSINESS DEVELOPMENT - THE GROWTH AND DEVELOPMENT OF CHAMBER MEMBERS, BUSINESSES AND INDIVIDUALS IS A CORE FOCUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Garlington Board Member | 1 | $0 | |
Mark Molzen Board Member | 1 | $0 | |
Terrence Spencer Board Member | 1 | $0 | |
Jessica Garlington Board Member | 1 | $0 | |
Machelle Franklin Board Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,950 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,950 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $75,000 |
| Professional fees and other payments to independent contractors | $4,497 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,682 |
| Total expenses | $102,179 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,346 |
| Other assets | $0 |
| Total assets | $29,346 |
| Total liabilities | $95,125 |
| Net assets or fund balances | -$65,779 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Phoenix Black Chamber Of Commerce has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $15,000 |
Usbc Community Economic Development Corporation Washington, DC PURPOSE: Microgrant Program | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
National Cattlemens Beef Association Inc Centennial, CO | $34,892,254 | $54,202,215 |
United States Meat Export Federation Inc Denver, CO | $20,783,822 | $49,870,327 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |