Indy Black Chamber Of Commerce Inc

Organization Overview

Indy Black Chamber Of Commerce Inc is located in Indianapolis, IN. The organization was established in 2015. 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 12/2023, Indy Black Chamber Of Commerce Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indy 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, Indy Black Chamber Of Commerce Inc generated $673.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 48.9% each year . All expenses for the organization totaled $615.1k during the year ending 12/2023. While expenses have increased by 46.6% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO SERVE AS A COMPREHENSIVE RESOURCE FOR DEVELOPING BLACK AND MINORITYOWNED BUSINESSES

Describe the Organization's Program Activity:

Part 3 - Line 4a

WEALTH BUILDING THROUGH BUSINESS LEADERSHIP:10 WEEK BUSINESS DEVELOPEMENT CLASS GRADUATED THREE COHORTS. THROUGH THE OFFERING OF THIS WELL-VERSED CURRICULUM IMPACTED 36 ENTREPRENEURS IN THEIR KNOWLEDGE OF BUSINESS ACUMEN.


MICRO ENTERPRISE NAVIGATOR PROGRAM: PROVIDED ASSISTANCE TO 70 MICRO BUSINESS OWNERS WHO WERE CLASSIFIED AS LMI WITH BUSINESS COACHING AND RESOURCE NAVIGATION SERVICES TO HELP THEM SCALE AND DEVELOP WITHIN THEIR BUSINESS.


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Board, Officers & Key Employees

Name (title)Compensation
Anita Williams
Chairman Of The Board
$0
Katrina Stoval
Board Secretary
$0
Dyann Williams
Board Member
$0
George Middleton
Board Member
$0
Jamie Walton
Board Member
$0
Regina Warren
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$46,554
Fundraising events$49,755
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$566,924
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$663,233
Total Program Service Revenue$0
Investment income $10,519
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 $673,752

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