The Albany Black Chamber Of Commerce Inc
- Assets
- $91.3k
- Revenue
- $200.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Albany, NY
- Founding
- Data as of
- 12/2022
- EIN
- 88-1929273
Organization Overview
The Albany Black Chamber Of Commerce Inc is located in Albany, NY. As of 12/2022, Albany Black Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Black Chamber Of Commerce Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE THE DEVELOPMENT, PROMOTION, AND GROWTH OF BLACK AND MINORITY-OWNED BUSINESSES IN THE GREATER CAPITAL REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALBANY BLACK CHAMBER OF COMMERCE HOSTED MULTIPLE PROFESSIONAL DEVELOPMENT EVENTS FOR LOCAL BUSINESS LEADERS. THESE EVENTS INCLUDE EMPIRE, WHICH IS A SPEAKER SERIES THAT IS HOSTED ONCE PER QUARTER AND FEATURES GLOBAL INDUSTRY EXPERTS, AND UPSTREAM, A MONTHLY PANEL THAT HIGHLIGHTS BOTH LOCAL INDUSTRY EXPERTS AND CHAMBER MEMBERS.
THE ALBANY BLACK CHAMBER OF COMMERCE HOSTED NUMEROUS NETWORKING AND COMMUNITY ENGAGEMENT EVENTS DURING THE YEAR, INCLUDING MONTHLY DINNER SOCIALS FOR LOCAL BUSINESS LEADERS, AND BOTH A GOLF LEAGUE AND BOWLING LEAGUE FOR MEMBERS.
THE ALBANY BLACK CHAMBER OF COMMERCE PARTNERED WITH KEYBANK TO HOST A BUSINESS FINANCE WORKSHOP FOR THE BENEFIT OF BUSINESS LEADERS WITHIN THE ALBANY REGION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Gaddy Director | Trustee | 40 | $13,846 |
Corey Ellis Director | Trustee | 40 | $0 |
Jahkeen Hoke Director | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,000 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,385 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,722 |
| Office expenses | $5,225 |
| Information technology | $2,333 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $3,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,572 |
| All other expenses | $537 |
| Total functional expenses | $108,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,234 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,077 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,311 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $91,311 |
| Total liabilities and net assets/fund balances | $91,311 |