Gulf Coast African American Chamber Of Commerce is located in Pensacola, FL. The organization was established in 2000. 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. Gulf Coast African American 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 09/2017, Gulf Coast African American Chamber Of Commerce generated $103.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $106.1k during the year ending 09/2017. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 2 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
2017
Describe the Organization's Program Activity:
Part 3
COMMUNITY AWARD BANQUET
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Doug Thompson Chairman | 0 | $0 | |
Paul Tolbert Vice Chairman | 0 | $0 | |
John Jerralds Treasurer | 0 | $0 | |
Jesse Gaither Board Member | 0 | $0 | |
Shaun Hartsfield Board Member | 0 | $0 | |
Fred Sellers Board Member | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $103,140 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $2 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $103,142 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $59,824 |
Professional fees and other payments to independent contractors | $8,672 |
Occupancy, rent, utilities, and maintenance | $14,891 |
Printing, publications, postage, and shipping | $8,703 |
Other expenses | $14,048 |
Total expenses | $106,138 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $11,522 |
Other assets | $0 |
Total assets | $16,021 |
Total liabilities | $1,859 |
Net assets or fund balances | $14,162 |