Sacramento Black Chamber Of Commerce Foundation Inc
- Assets
- $150.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 95-4818928
Organization Overview
Sacramento Black Chamber Of Commerce Foundation Inc is located in Sacramento, CA. The organization was established in 2001. 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. Sacramento Black Chamber Of Commerce Foundation Inc 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 12/2022, Sacramento Black Chamber Of Commerce Foundation Inc generated $194.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $218.0k during the year ending 12/2022. 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 Program Activity:
Part 3
THE SACRAMENTO BLACK CHAMBER OF COMMERCE FOUNDATION HOLDS THE RESPONSIBILITY FOR THE DESIGN AND IMPLEMENTATION OF ALL EDUCATIONAL PROGRAMS. THE PREMIER PROGRAM, YOUNG LEADERSHIP COLLABORATIVE (YLC) GRADUATED THE 13TH COHORT OF SCHOLARS AFTER A SCHOOL YEAR LONG TRAINING IN FINANCE, BUSINESS DEVELOPMENT AND LEADERSHIP. THE COHORT GRADUATED 11 SCHOLARS FROM HIGH SCHOOLS IN THE REGION ALONG WITH THE TWO UNIVERSITIES AND COMMUNITY COLLEGE DISTRICT. FOR THE FIRST TIME THE FOUNDATION HIRED A 0.5 FTE TO COORDINATE THE PROGRAM AND ALL OF THE VOLUNTEERS RECEIVED A STIPEND FOR TIME SPENT PRESENTING SPECIFIC MODULES RELATING TO FINANCE AND LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Azizza Davis Goines President & CEO | 20 | $0 | |
Karif Jahi Lawrence Director | 2 | $0 | |
Kairis Joy Chiaji Director | 2 | $0 | |
Feruzi Mwero Secretary | 2 | $0 | |
Dr Robert Bj Snowden Director | 2 | $0 | |
Dr Marcellene Watson-Derbigny Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,715 |
| Total Program Service Revenue | $71,382 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $194,097 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $172,434 |
| Occupancy, rent, utilities, and maintenance | $9,686 |
| Printing, publications, postage, and shipping | $575 |
| Other expenses | $12,303 |
| Total expenses | $218,048 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,564 |
| Other assets | $0 |
| Total assets | $150,739 |
| Total liabilities | $86,632 |
| Net assets or fund balances | $64,107 |