Overview
What is Charlotte Mecklenburg Black Chamber Of Commerce Inc?
The Charlotte Mecklenburg Black Chamber of Commerce Inc, located at 201 N McDowell St Unit 33633, Charlotte, NC 28233, is a dedicated nonprofit organization serving the Black business community in the Charlotte region. Its primary mission is to boost the economic growth and resilience of these businesses. To achieve this, it offers a variety of resources, encourages political participation, and fosters collaborative networks. Notably, the organization successfully implemented a technical assistance program during an economic downturn, demonstrating its commitment to supporting Black-owned enterprises in the region.
Official website here: www.cmbcc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Charlotte Mecklenburg Black Chamber Of Commerce Inc has received an impressive Four-Star rating from Charity Navigator, reflecting strong accountability and financial performance. The overall score is based solely on their accountability metrics, showcasing complete independence in their board composition and no material diversion of assets, which is an excellent indicator of their governance practices.
The organization demonstrates a commitment to transparency with all essential policies in place, including conflict of interest, whistleblower, and document retention policies. Their financial indicators are robust, with a perfect program expense ratio of 100%, meaning all funds are devoted to their mission-driven activities. Additionally, they maintain a commendable liabilities to assets ratio of 0.00%, highlighting their financial stability.
While the organization excels in many areas, the rating does not evaluate programmatic impact or community feedback, which are important aspects of nonprofit effectiveness. Nevertheless, the Charlotte Mecklenburg Black Chamber Of Commerce Inc stands out for its strong governance and financial accountability, making it a reliable organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Charlotte Mecklenburg Black Chamber Of Commerce Inc legitimate?
Charlotte Mecklenburg Black Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlotte Mecklenburg Black Chamber Of Commerce Inc 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.cmbcc.org
What is the mission statement of Charlotte Mecklenburg Black Chamber Of Commerce Inc?
The Charlotte Mecklenburg Black Chamber of Commerce Inc's mission is centered on serving Black-owned businesses in a specific region. Their primary objectives include providing essential resources, advocating for political engagement, and reinforcing networks to enhance the economic resilience of the business community. By doing so, they aim to boost the overall economic vitality of the business sector. The organization has demonstrated its commitment by successfully implementing a technical assistance program to aid Black businesses during an economic downturn.
Official website here: www.cmbcc.org
Who is the CEO of Charlotte Mecklenburg Black Chamber Of Commerce Inc?
Shante Williams is the Chairman of Charlotte Mecklenburg Black Chamber Of Commerce Inc.
Official website here: www.cmbcc.org
What is the revenue of Charlotte Mecklenburg Black Chamber Of Commerce Inc?
Charlotte Mecklenburg Black Chamber Of Commerce Inc's revenue in 2022 was $565,000.
Official website here: www.cmbcc.org
Who are the executives of Charlotte Mecklenburg Black Chamber Of Commerce Inc and what are their salaries?
There 18 volunteers at Charlotte Mecklenburg Black Chamber Of Commerce Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cmbcc.org
Where can I find the form 990 for Charlotte Mecklenburg Black Chamber Of Commerce Inc?
Charlotte Mecklenburg Black Chamber Of Commerce Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmbcc.org
Learn more at the official website: www.cmbcc.org
Mission Statement of Charlotte Mecklenburg Black Chamber Of Commerce Inc
The Charlotte Mecklenburg Black Chamber of Commerce Inc is dedicated to serving the economic interests of Black-owned businesses in the Charlotte region. Its mission is threefold: providing vital resources, promoting political engagement, and strengthening business networks. This nonprofit organization aims to enhance the economic vitality of the Black business community by offering essential support and fostering a sense of unity.
To achieve this goal, Charlotte Mecklenburg Black Chamber of Commerce Inc initiates and manages programs designed to help Black businesses navigate economic challenges. One such program is a technical assistance program, which the organization successfully operated during an economic downturn. This program demonstrates the organization's proactive approach to supporting the Black business community, offering practical assistance to help businesses survive and thrive.
In addition to providing resources, the organization also encourages political engagement among its members. By promoting political involvement, Charlotte Mecklenburg Black Chamber of Commerce Inc seeks to ensure that the voices of Black-owned businesses are heard and represented in decision-making processes that impact their businesses and the community as a whole. Strengthening networks is another crucial aspect of the organization's mission. By facilitating connections and collaborations among Black businesses, the Charlotte Mecklenburg Black Chamber of Commerce Inc aims to build a stronger, more resilient business community.
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Impact
July, 2024
The Charlotte Mecklenburg Black Chamber of Commerce Inc actively serves Black-owned businesses in the Charlotte region by providing crucial resources, promoting political engagement, and building strong networks to enhance the economic vitality of the business community. One notable impact is the successful operation of a technical assistance program that assisted Black businesses in navigating through challenging economic downturns. Through their mission-driven initiatives, they play a significant role in supporting and uplifting Black entrepreneurs, thus contributing to the economic growth and sustainability of the local business ecosystem in Charlotte.
This information is meant to be a general summary of Charlotte Mecklenburg Black Chamber Of Commerce Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $565,000
Assets and Liabilities:
- Total Assets: $11,453
- Total Liabilities: $0
- Net Assets: $11,453
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Organization Details
Founding Year
2005
Phone
(704) 726-7147Principal Officer
Shante Williams
Main Address
201 n mcdowell st unit 33633, charlotte, NC, 28233
Website
www.cmbcc.orgNTEE Category
Code: P20 - Human services
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