California Black Chamber Of Commerce
- Assets
- $108.9k
- Revenue
- $899.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Sacramento, CA
- Founding
- 07/1995
- Data as of
- 12/2020
- EIN
- 94-3225546
Organization Overview
California Black Chamber Of Commerce is located in Sacramento, CA. The organization was established in 1995. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, California Black Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Black Chamber Of Commerce 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 12/2020, California Black Chamber Of Commerce generated $899.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $806.0k during the year ending 12/2020. While expenses have increased by 6.4% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED TO ESTABLISH A STATEWIDE NETWORK AMONG CALIFORNIA BLACK CHAMBERS OF COMMERCE, BLACK BUSINESS ASSOCIATIONS AND AFRICAN-AMERICAN CHAMBERS OF COMMERCE, TO ACTIVELY PROMOTE ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP CONVENTION TO BRING COMMUNITY LEADERS TO A FORUM TO ENCOURAGE, INFLUENCE AND PROMOTE BLACK BUSINESS AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delores Thompson Treasurer/secretary | OfficerTrustee | 4 | $0 |
Jay King President CEO | OfficerTrustee | 40 | $0 |
Ruth Artates-Rezaie CFO | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,092 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,157 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,796 |
| Total Program Service Revenue | $66,072 |
| 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 | $899,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $402,644 |
| 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. | $133,743 |
| Compensation of current officers, directors, key employees. | $133,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,495 |
| Fees for services: Accounting | $5,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,778 |
| Information technology | $9,952 |
| Royalties | $0 |
| Occupancy | $63,900 |
| Travel | $3,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,314 |
| All other expenses | $0 |
| Total functional expenses | $806,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,909 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Total assets | $108,909 |
| Accounts payable and accrued expenses | $3,006 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,006 |
| Net assets without donor restrictions | $0 |
| 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 | $105,903 |
| Total liabilities and net assets/fund balances | $108,909 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that California Black Chamber Of Commerce has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Philanthropy Action Fund Palo Alto, CA | $40,719,631 | $63,966,410 |
California Association Of Realtors Inc Los Angeles, CA | $141,130,823 | $49,796,356 |
Hawaii Visitors And Convention Bureau Honolulu, HI | $13,094,236 | $27,417,189 |
Airlines Committee Of Hawaii Inc Honolulu, HI | $51,429,795 | $29,139,681 |
California Chamber Of Commerce Sacramento, CA | $24,602,623 | $26,657,104 |
Chamber Of Commerce Of Hawaii Honolulu, HI | $2,410,473 | $21,243,686 |
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |