Northern Virginia Black Chamber Of Commerce Inc is located in Vienna, VA. The organization was established in 2011. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Northern Virginia Black Chamber Of Commerce 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 12/2023, Northern Virginia Black Chamber Of Commerce Inc generated $132.2k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $134.7k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
THE NVBC ACHIEVE ITS EXEMPT PURPOSE MISSION BY LEADING AND CREATING OVER 160 CHAMBER-LED HYBRID SOCIAL EVENTS, INVESTING MORE IN EDUCATION AND INCREASING MEMBER EXPERIENCES IN ORDER TO HELP THESE MEMBERS THRIVE IN THE NEW ECONOMY.
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,650 |
| Total Program Service Revenue | $25,503 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $132,153 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,130 |
| Professional fees and other payments to independent contractors | $3,130 |
| Occupancy, rent, utilities, and maintenance | $4,165 |
| Printing, publications, postage, and shipping | $19 |
| Other expenses | $67,208 |
| Total expenses | $134,652 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,163 |
| Other assets | $0 |
| Total assets | $28,163 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,163 |