Overview
What is Quad County African American Chamber Of Commerce?
The Quad County African American Chamber of Commerce is a nonprofit organization situated in Aurora, Illinois, specifically at 43 WEST GALENA BOULEVARD. Their primary focus is on promoting the economic growth of the surrounding four counties by recognizing the achievements of African American businesses and individuals who have made significant contributions. To accomplish this, they organize an annual Jazz Brunch event. Additionally, they offer various programs and events aimed at supporting small businesses, including business seminars, job programs, educational lectures, and civic and charitable events. They cater to both African American and other small businesses, with a dedicated team of one employee.
Official website here: www.quadcountyaachamber.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Quad County African American Chamber of Commerce has received an 83% rating from Charity Navigator, reflecting a strong performance in accountability and finance. This rating is derived entirely from their accountability and finance score, indicating a good level of transparency and responsible financial management. The charity showcases a commitment to governance with a fully independent board of directors and no material diversion of assets.
In terms of financial health, the organization maintains a low liabilities to assets ratio of 5.22% and a program expense ratio of 83.67%, suggesting that a significant portion of their resources is directed towards their mission. They have successfully listed their governing documents and financial statements on their website, which enhances transparency for stakeholders. However, there are some gaps noted, such as the absence of a whistleblower policy and a document retention and destruction policy, which could be areas for improvement.
Overall, while the Quad County African American Chamber of Commerce demonstrates robust accountability practices and a solid financial standing, enhancing their governance policies could further strengthen their operational integrity and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Quad County African American Chamber Of Commerce legitimate?
Quad County African American Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(3) entity. Quad County African American 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: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.quadcountyaachamber.org
What is the mission statement of Quad County African American Chamber Of Commerce?
The Quad County African American Chamber of Commerce is dedicated to supporting small businesses, both African American and otherwise, through various initiatives. Their mission encompasses organizing business seminars, job programs, and educational lectures, as well as participating in civic and charitable events. The chamber's activities aim to empower these businesses and contribute positively to the economic growth of the surrounding area. Notably, they host an annual Jazz Brunch event, during which they recognize the achievements of individuals and businesses in the African American community that have significantly contributed to the local economy.
Official website here: www.quadcountyaachamber.org
Who is the CEO of Quad County African American Chamber Of Commerce?
Sherman Jenkins is the Chairman of Quad County African American Chamber Of Commerce.
Official website here: www.quadcountyaachamber.org
What is the revenue of Quad County African American Chamber Of Commerce?
Quad County African American Chamber Of Commerce's revenue in 2021 was $71,772.
Official website here: www.quadcountyaachamber.org
Who are the executives of Quad County African American Chamber Of Commerce and what are their salaries?
The average compensation at Quad County African American Chamber Of Commerce during 2021 was $10,000. There is 1 employee at Quad County African American Chamber Of Commerce.
Here are 3 key members and their salaries:
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.quadcountyaachamber.org
Where can I find the form 990 for Quad County African American Chamber Of Commerce?
Quad County African American Chamber Of Commerce's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.quadcountyaachamber.org
Learn more at the official website: www.quadcountyaachamber.org
Mission Statement of Quad County African American Chamber Of Commerce
The Quad County African American Chamber of Commerce is an organization dedicated to serving both African American and other small businesses within its vicinity. Its primary mission involves hosting business seminars, job programs, educational lectures, and charitable events. These initiatives aim to provide valuable resources and opportunities for growth to these businesses, fostering their success and contributing positively to the economic development of the surrounding communities.
The chamber further extends its reach through civic events, offering a platform for recognition and celebration of the achievements of African American businesses and individuals who have significantly contributed to the region's economic growth. This annual event, often referred to as the Jazz Brunch, serves as a testament to the chamber's commitment to honoring and uplifting the local community.
In essence, the Quad County African American Chamber of Commerce is a catalyst for business growth and development, providing essential resources, networking opportunities, and a platform for recognition to African American and other small businesses within its community.
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Impact
August, 2024
The Quad County African American Chamber Of Commerce has a significant impact on its community by providing business seminars, job programs, educational lectures, and civic and charitable events for African American and other small businesses. Additionally, the organization organizes an annual Jazz Brunch where the local community recognizes the achievements of African American businesses and individuals who have positively contributed to economic growth in the surrounding four counties. Through their activities and events, the chamber plays a crucial role in supporting and empowering minority-owned businesses and fostering economic development in the Aurora, IL area.
This information is meant to be a general summary of Quad County African American 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $26
- Program Service Revenue: $50,231
- Gross Receipts: $71,772
Assets and Liabilities:
- Total Assets: $78,382
- Total Liabilities: $0
- Net Assets: $78,382
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOLF OUTING
Revenue
$28,521
JAZZ BRUNCH
Revenue
$18,435
SCHOLARSHIPS
Revenue
$2,500
NETWORKING EVENT
Revenue
$775
Organization Details
Founding Year
1993
Phone
(630) 859-9776Principal Officer
Sherman Jenkins
Main Address
43 WEST GALENA BOULEVARD, AURORA, IL, 60506
Website
www.quadcountyaachamber.orgNTEE Category
Code: B82 - Education
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