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Minnesota Black Chamber Of Commerce

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200722799 ✦ Saint paul, MN ✦ Designated as a 501(c)(3)

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Overview

What is Minnesota Black Chamber Of Commerce?

The Minnesota Black Chamber of Commerce is a nonprofit organization based in Saint Paul, Minnesota, specifically at 401 N Robert Street STE 150. Its primary mission is to support and empower Black business owners by providing them with education, advocacy, and economic development opportunities. The chamber aims to maximize the growth potential of every Black-owned business, regardless of size, by ensuring equitable opportunities for expansion at each stage. Their activities are geared towards serving the Black business community and their communities at large, ultimately securing economic benefits for their members.


Official website here: www.mnblackchamber.org

Is Minnesota Black Chamber Of Commerce legitimate?

Minnesota Black Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Black Chamber Of Commerce submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mnblackchamber.org

What is the mission statement of Minnesota Black Chamber Of Commerce?

The Minnesota Black Chamber of Commerce is dedicated to serving Black-owned businesses and their communities by providing access to education, advocacy, and economic development. Their aim is to maximize the potential of every Black-owned business, regardless of size, by offering equitable opportunities for growth at each stage. The chamber provides a business support network for Black business owners and promotes strategies that capture revenues to secure economic benefits for its members.


Official website here: www.mnblackchamber.org

Who is the CEO of Minnesota Black Chamber Of Commerce?

Abel Ebane is the Chair of Minnesota Black Chamber Of Commerce.


Official website here: www.mnblackchamber.org

What is the revenue of Minnesota Black Chamber Of Commerce?

Minnesota Black Chamber Of Commerce's revenue in 2022 was $302,654.


Official website here: www.mnblackchamber.org

Who are the executives of Minnesota Black Chamber Of Commerce and what are their salaries?


Here are 14 key members and their salaries:


Abel Ebane (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel N Ndely Ii (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregg Klohn (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ayo Idowu (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
B Kyle (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bianca Dubose (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Drinal Foster (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Brown (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Houston (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Weinhagen (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Khadija Zeig (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lataya Allseits (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shevvi Crowley (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Farrow (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mnblackchamber.org

Where can I find the form 990 for Minnesota Black Chamber Of Commerce?

Minnesota Black Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mnblackchamber.org

Learn more at the official website: www.mnblackchamber.org

Mission Statement of Minnesota Black Chamber Of Commerce

The Minnesota Black Chamber of Commerce is dedicated to serving the needs of black-owned businesses and their communities. Their mission is twofold: to provide equitable opportunities for growth at every stage and to maximize the potential of these businesses, whether they are large or small. They achieve this goal by offering access to education, advocacy, and economic development. The Chamber strives to create a supportive business network for black business owners, promoting strategies that can help secure economic benefits for its members.

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Impact




October, 2024

The Minnesota Black Chamber of Commerce plays a vital role in enhancing the economic landscape for Black-owned businesses and their communities. By focusing on education, advocacy, and economic development, the Chamber actively works to unlock the potential of Black entrepreneurs, regardless of the size of their businesses.

One of its key initiatives is the loan program, which has provided essential financial resources to Black business owners since 2013. This access to capital facilitates growth and sustainability, enabling businesses to innovate and expand. Furthermore, the Chamber fosters a robust support network that connects Black entrepreneurs with valuable resources, mentorship, and collaboration opportunities.

Through its strategic approaches, the Minnesota Black Chamber of Commerce implements effective measures to capture revenue streams, ensuring that its members can secure economic benefits. This commitment not only uplifts individual businesses but also contributes to overall community improvement and economic resilience within the Black community in Minnesota.




This information is meant to be a general summary of Minnesota Black Chamber Of Commerce. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$302,654 (2022)
Expenses
$152,285 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $762
  • Program Service Revenue: $13,585
  • Gross Receipts: $416,435

Assets and Liabilities:

  • Total Assets: $347,295
  • Total Liabilities: $19,981
  • Net Assets: $327,314

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$13,585

Organization Details

Founding Year

2004

Principal Officer

Abel Ebane

Main Address

401 N ROBERT STREET STE 150, SAINT PAUL, MN, 55101

NTEE Category

Code: S41 - Community improvement

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