Fort Worth Black Chamber Of Commerce

Organization Overview

Fort Worth Black Chamber Of Commerce is located in Fort Worth, TX. The organization was established in 1984. 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, Fort Worth Black Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth 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 12/2023, Fort Worth Black Chamber Of Commerce generated $630.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $626.3k during the year ending 12/2023. While expenses have increased by 7.2% 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE CHAMBER IS TO PROVIDE BUSINESS OPPORTUNITIES AND GENERATE INCREASED SPENDING IN THE COMMUNITY. THE CHAMBER ACTIVITY PROMOTES AN ENVIRONMENT WHICH CREATES EQUITABLE AND PROFITABLE OPPORTUNITIES FOR MINORITY BUSINESSES THROUGH VARIOUS MEMBER SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUSINESS DEVELOPMENTPROVIDE SEMINARS AND TRAINING TO MEMBERS RELATING TO BUSINESS OPPORTUNITIES AND DEVELOPMENT.


BUSINESS ASSISTANCE CENTERBUSINESS ASSISTANCE CENTER - PROVIDES ASSISTANCE TO BUSINESSES OF LOW AND MODERATE INCOME CITIZENS OF FORT WORTH.


CONVENTION AND VISTORS BUREAU - PROVIDES ASSISTANCE IN BRINGING AFRICAN-AMERICAN MEETINGS AND CONVENTIONS TO FT. WORTH.


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Board, Officers & Key Employees

Name (title)Compensation
Roy Paley
Director
$0
J Charles Powell
Director
$0
Monica Bailey
Director
$0
Darren James
Director
$0
Glen Lewis
Director
$0
Stae Hall
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$326,699
Fundraising events$186,027
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$44,663
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$557,389
Total Program Service Revenue$169,529
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$96,435
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $630,483

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