Sacramento Black Chamber Of Commerce

Organization Overview

Sacramento Black Chamber Of Commerce is located in Sacramento, CA. The organization was established in 1986. 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 12/2021, Sacramento Black Chamber Of Commerce employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento 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 12/2021, Sacramento Black Chamber Of Commerce generated $586.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $501.9k during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE SACRAMENTO BLACK CHAMBER OF COMMERCE IS TO ASSURE MEMBER BUSINESSES WILL BENEFIT THROUGH SERVICES THAT SUSTAIN AND INCREASE THEIR REVENUE. ADDITIONALLY, THE REGION WILL BENEFIT THROUGH THE GROWTH OF AFRICAN AMERICAN OWNED BUSINESSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LARGEST ACCOMPLISHMENT OF THE SACRAMENTO BLACK CHAMBER OF COMMERCE IN 2021 WAS BY FAR THE PURCHASE OF A 1.5 MILLION DOLLAR BUILDING IN DOWNTOWN SACRAMENTO. THE BUILDING IS 4,000 SQUARE FEET WITH SEVEN SEPARATE OFFICES. THERE IS A LARGE ROOM THAT WILL BE USED FOR TRAININGS AND WORKSHOPS AND A SHARED WORKSPACE FOR MEMBERS OF THE CHAMBER NEEDING TEMPORARY WORKSPACE. A PORTION OF THAT SPACE WILL BE UTILIZED AS AN INCUBATOR FOR EMERGING BUSINESSES. THE CONFERENCE ROOM WILL ALSO BE AVAILABLE TO MEMBERS NEEDING MEETING SPACE.BOARD DEVELOPMENTWITH THE STRATEGIC INTENTION OF BOARD DEVELOPMENT, THE BOARD IS COMPRISED OF TWELVE WELL CONNECTED BUSINESSES, TWENTY PERCENT OF THEM SMALL BUSINESSES, WHO CONTINUE TO BE TOTALLY COMMITTED TO THE SBCC AND THE MEMBERS WE SERVE. WITH GUIDANCE OF STAFF, THE BOARD HAS REMAINED IN COMPLIANCE WITH 100% OF THE POLICIES ITS APPROVED OVER THE YEAR. THE BOARD WENT THROUGH SERIOUS STRATEGIC PLANNING IN 2021 AND HAVE AGREED TO TAKE THE LEAP INTO PROVIDING TRAINING AND RECRUITMENT OF MEMBERS, BOARD AND OTHER COLLABORATIONS AROUND THE STATE OF CALIFORNIA THAT ALIGN WITH THE NEWLY MINTED GOALS OF FOCUS ON ENVIRONMENTAL AND SOCIAL JUSTICE. TO THAT END WE HAVE IN EARNEST BEGAN THE IDENTIFICATION OF INDIVIDUALS THROUGHOUT THE STATE THAT CAN SUPPORT THIS NEW ALIGNMENT.STAFF DEVELOPMENTTHE SBCC, THE CHAMBER AND FOUNDATION IS STAFFED SUFFICIENTLY WITH EXPERIENCED AND EQUALLY IMPORTANT COMMITTED INDIVIDUALS WHO WANT TO SEE THE CHAMBER REACH ITS HIGHEST LEVEL OF PROFICIENCY IN SERVING THE NOW OVER 400 MEMBERS.A NEW CRM SYSTEM HAS BEEN PURCHASED ALLOWING FOR BETTER MANAGEMENT OF MEMBERSHIP AND ACCOUNTING.WITH THE EXCEPTION OF TWO CONTRACTORS, ALL PRIOR OUTSOURCED WORK HAS BEEN BROUGHT IN HOUSE. WE WILL CONTINUE TO OUTSOURCE SOME CONSULTING SERVICES, NAMELY PROPOSAL WRITING AND BUSINESS/ACCOUNTING SERVICES NOW PROVIDED BY LEE AND SAKAI, BUT ALL ELSE WILL HAPPEN IN HOUSE WITH ALL STAFF PREPARED TO WORK TOGETHER TO ASSURE NOTHING BUT EXCELLENCE LEAVES THE OFFICE. POSITIONS FILLED IN 2021/22 INCLUDE: MARKETING/COMMUNICATIONS, PROGRAM COORDINATOR, OPERATIONS MANAGER, AND A MEMBERSHIP MANAGER.OPERATIONSEMPLOYEE MANUAL AND STANDARD OPERATING PROCEDURE UPDATES HAVE BEEN ONGOING THIS YEAR.ONBOARDING OF NEW STAFF CONTINUES.THE SBCC GAVE AWAY OVER $10,000 DOLLARS IN YLC SCHOLARSHIPS AND WILL GIVE $75,000 THROUGH THE SMALL BUSINESS INCUBATOR PROGRAM AND CONSULTANCY SERVICES TO MEMBERS OF THE SBCC.A RETIREMENT PLAN FOR STAFF HAS BEEN IMPLEMENTED.MEMBERSHIP/BENEFITSMEMBERSHIP CONTINUES TO INCREASE AS A RESULT OF OUR ABILITY TO REACH A WIDER AUDIENCE THROUGH OUR LARGER PRESENCE THROUGH SOCIAL MEDIA OUTREACH. WE ARE REACHING A LARGER AUDIENCE THROUGH OUR FACEBOOK 916 LIVE SHOW AIRING EVERY SECOND TUESDAY OF THE MONTH AT NOON. WEVE INVOLVED BOARD MEMBERS INTERESTED IN HOSTING THESE SHOWS.WE PROVIDE OPPORTUNITY TO OUR MEMBERS TO SHOWCASE THEIR BUSINESSES NOT ONLY ON 916 LIVE BUT ALSO ON CHANNEL 10S MORNING SHOW, YOUR CALIFORNIA LIFE OR YCL. THEY ARE ALSO SHOWCASED ON SOCIAL MEDIA PLATFORMS, ON OUR WEBSITE AND IN OUR MONTHLY NEWSLETTER.COLLABORATIONSWE CONTINUE TO STRENGTHEN OUR COLLABORATIONS WITH THE ASIAN, HISPANIC AND RAINBOW CHAMBERS OF COMMERCE AND BY JOINING IEDC (INCLUSIVE ECONOMIC DEVELOPMENT COLLABORATION). WEVE SIGNED AN MOU TO BRING THE CHAMBER AT LEAST $150,000 IN 2022 FOR BUSINESS CONSULTATION, OUTREACH AND EDUCATION. CITY OF SACRAMENTOWE ENDED OUR OFFICE LEASE WITH THE CITY OF SACRAMENTO IN JUNE 2022 AND WILL MOVE INTO THE BUILDING WE PURCHASED IN DECEMBER 2021 ON JULY 1ST 2022. OUR FUTUREWE CONTINUE WITH THE DEVELOPMENT OF PROGRAMMING FOR OUR MEMBERS, BUT ARE ALSO FOCUSED ON SUCCESSION PLANNING. THE NEXT POSITION THAT WE LOOK TO FULFILL (2023/24) WILL BE A DIRECTOR OF DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Azizza Davis Goines
President & CEO
$124,000
Michelle Picard
Secretary
$0
Ira Williams
Treasurer
$0
Roderick Brewer
Director
$0
Mark Adams
Director
$0
Brandy Bolden
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$96,605
Fundraising events$0
Related organizations$0
Government grants $81,212
All other contributions, gifts, grants, and similar amounts not included above$336,751
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$514,568
Total Program Service Revenue$67,866
Investment income $871
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,257
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 $586,562

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Sacramento Black Chamber Of Commerce has recieved totaling $25,000.

Awarding OrganizationAmount
Rex And Margaret Fortune School Of Education

Sacramento, CA

PURPOSE: To run a cohort of a parent's advocacy training program

$25,000
View Grant Recipient Profile

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