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Madison Black Chamber Of Commerce

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

EIN: 202877968 ✦ Madison, WI ✦ Designated as a 501(c)(6)

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Overview

What is Madison Black Chamber Of Commerce?

The Madison Black Chamber of Commerce (MBCC) is a nonprofit organization situated in Madison, Wisconsin, specifically at 2222 S Park Street 200. Its primary mission involves empowering the local community by supporting and fostering the growth of Black-owned businesses. They achieve this by offering a variety of resources, including information sessions, trainings, clinics, and workshops. MBCC also serves as a guide, directing businesses to potential partners, resources, and funding opportunities. Furthermore, they create marketplaces and networking events for Black business owners, thereby promoting their impact and influence within the broader community. MBCC's activities and mission are geared towards education, advocacy, and the development of Black wealth, ultimately aiming to strengthen and sustain Black-owned businesses in the greater Madison area. The organization operates with a dedicated team of 3 employees.


Official website here: www.madisonblackchamber.com

Is Madison Black Chamber Of Commerce legitimate?

Madison Black Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Madison 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: $76,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.madisonblackchamber.com

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

The Madison Black Chamber of Commerce (MBCC) serves to empower communities by fostering the growth and sustainability of Black-owned businesses. This is achieved through a three-pronged strategy: education, advocacy, and the development of Black wealth. The organization aims to highlight the power and impact of Black-owned businesses within the broader community. Beyond providing technical assistance and support services, MBCC facilitates access to resources, partners, funding opportunities, and networking events for these businesses.


Official website here: www.madisonblackchamber.com

Who is the CEO of Madison Black Chamber Of Commerce?

Camille Carter is the President of Madison Black Chamber Of Commerce.


Official website here: www.madisonblackchamber.com

What is the revenue of Madison Black Chamber Of Commerce?

Madison Black Chamber Of Commerce's revenue in 2022 was $306,646.


Official website here: www.madisonblackchamber.com

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

The average compensation at Madison Black Chamber Of Commerce during 2022 was $25,500. There are 3 employees and 50 volunteers at Madison Black Chamber Of Commerce.


Here are 6 key members and their salaries:


Camille Carter (President)
  • Compensation: $76,500
  • Related: $0
  • Other: $0
Jermaine Butler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kartez Rowel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Lackey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claude Gilmore (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corinda Rainey-Moore (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.madisonblackchamber.com

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

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


Official website here: www.madisonblackchamber.com

Learn more at the official website: www.madisonblackchamber.com

Mission Statement of Madison Black Chamber Of Commerce

The Madison Black Chamber of Commerce (MBCC) is a vital organization that aims to empower the broader community by fostering the growth and sustainability of Black-owned businesses. It achieves this mission through three key strategies: education, advocacy, and the development of Black wealth. By promoting the power and impact of Black-owned businesses, MBCC seeks to uplift the greater Madison community.

To execute its mission, MBCC provides a range of support services to Black business owners. These services include technical assistance through information sessions, trainings, clinics, and workshops. The chamber navigates businesses to necessary resources, partners, and funding opportunities, further strengthening their operations. MBCC also facilitates market creation and networking opportunities, thereby connecting Black business owners with potential clients and collaborators.

In essence, the Madison Black Chamber of Commerce serves as a catalyst for the growth and success of Black-owned businesses in the community. By fostering education, advocating for their needs, and promoting wealth creation, MBCC plays a crucial role in empowering Black entrepreneurs and ultimately, the broader community.

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Impact




October, 2024

The Madison Black Chamber of Commerce (MBCC) plays a vital role in empowering and sustaining Black-owned businesses in the greater Madison community. By providing essential technical assistance and support services, such as information sessions, training, clinics, and workshops, MBCC enhances the capacity of these businesses to thrive.

Through its advocacy efforts, the chamber not only promotes the importance of Black entrepreneurship but also works tirelessly to navigate business owners toward valuable resources, partnerships, and funding opportunities. By fostering connections and creating markets, MBCC cultivates a robust network that encourages collaboration among Black business owners.

In addition to its focus on education and advocacy, MBCC actively contributes to the development of Black wealth, reinforcing the economic impact of Black-owned businesses within the region. This multi-faceted approach not only strengthens individual enterprises but also uplifts the broader community, thereby promoting economic equity and community improvement across Madison.




This information is meant to be a general summary of Madison 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
$306,646 (2022)
Expenses
$247,746 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $101
  • Program Service Revenue: $17,430
  • Gross Receipts: $307,022

Assets and Liabilities:

  • Total Assets: $299,032
  • Total Liabilities: $35,243
  • Net Assets: $263,789

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Programs

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

Culture Collectives

Revenue

$15,170

Professional Development

Revenue

$2,260

Organization Details

Founding Year

2005

Principal Officer

Camille Carter

Main Address

2222 S Park Street 200, Madison, WI, 53713

NTEE Category

Code: S41 - Community improvement

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