Illinois State Black Chamber Of Commerce Inc

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

EIN: 364478202 ✦ Peoria, IL ✦ Designated as a 501(c)(6)

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Overview

What is Illinois State Black Chamber Of Commerce Inc?

Illinois State Black Chamber of Commerce Inc is a nonprofit organization situated in Peoria, Illinois, with a mission to economically empower and sustain the African American business community. Based at 411 Hamilton Blvd Ste 1404, they strive to achieve this goal through entrepreneurship and capitalistic activities within the state. With a team of six dedicated individuals, they work tirelessly to help African American businesses build their capacity and contribute to the Illinois economy. Their activities are geared towards fostering economic growth and ensuring the long-term sustainability of the African American business community.


Official website here: www.ilbcc.org

Is Illinois State Black Chamber Of Commerce Inc legitimate?

Illinois State Black Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois State 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: $111,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,426

For more financial information, click here


Official website here: www.ilbcc.org

What is the mission statement of Illinois State Black Chamber Of Commerce Inc?

The Illinois State Black Chamber of Commerce Inc is a nonprofit organization with a mission to economically empower and sustain the African American business community. They achieve this goal by focusing on entrepreneurship and capitalistic activities within Illinois. The organization's primary objective is to help African American businesses build their capacity and grow, ultimately contributing to the overall economic development of the community. Their activities are geared towards fostering an environment that encourages and supports the growth of African American-owned businesses.


Official website here: www.ilbcc.org

Who is the CEO of Illinois State Black Chamber Of Commerce Inc?

Larry D Ivory is the Secretary of Illinois State Black Chamber Of Commerce Inc. The CEO's salary of Illinois State Black Chamber Of Commerce Inc is $111,000 and their total compensation is $111,000.


Official website here: www.ilbcc.org

What is the revenue of Illinois State Black Chamber Of Commerce Inc?

Illinois State Black Chamber Of Commerce Inc's revenue in 2022 was $736,713.


Official website here: www.ilbcc.org

Who are the executives of Illinois State Black Chamber Of Commerce Inc and what are their salaries?

The average compensation at Illinois State Black Chamber Of Commerce Inc during 2022 was $27,404. There are 6 employees and 30 volunteers at Illinois State Black Chamber Of Commerce Inc.


Here are 23 key members and their salaries (Illinois State Black Chamber Of Commerce Inc's CEO's salary is $111,000 and their total compensation is $111,000):


Gary Terrell (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Coleman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Kyle (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Crystal Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Sutton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Celetra Clay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Griffin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jefferey Sterling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Augustus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Antonio Baxton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wolf Adeoye (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Malcolm Crawford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nosa Ehimwenman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharla Roberts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Mcmillian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Hickman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia West (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carla Hightower (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Demitrus Evans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry D Ivory (Presidentceo)
  • Compensation: $111,000
  • Related: $0
  • Other: $0


Official website here: www.ilbcc.org

Where can I find the form 990 for Illinois State Black Chamber Of Commerce Inc?

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


Official website here: www.ilbcc.org

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

Mission Statement of Illinois State Black Chamber Of Commerce Inc

Illinois State Black Chamber of Commerce Inc, as a dedicated nonprofit organization, is committed to economically empowering and sustaining the African American business community in the state of Illinois. Their mission is centered around promoting entrepreneurship and capitalistic activities within this community, aiming to foster growth and sustainability for Black-owned businesses. By providing support and resources, the Illinois State Black Chamber of Commerce Inc seeks to contribute to the economic empowerment and advancement of the African American community at large.

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Impact




October, 2024

The Illinois State Black Chamber of Commerce Inc. plays a pivotal role in economically empowering and sustaining the African American business community throughout Illinois. By focusing on capacity building, the Chamber provides vital resources, support, and networking opportunities that help African American entrepreneurs thrive in a competitive landscape.

Through its initiatives, the Chamber enhances access to capital, education, and advocacy, enabling businesses to grow and flourish. This impact extends beyond individual enterprises, contributing to overall community improvement and economic development within the region. By fostering an environment where African American businesses can succeed, the Illinois State Black Chamber of Commerce Inc. helps strengthen the economic foundation of the community and promotes entrepreneurial spirit.




This information is meant to be a general summary of Illinois State 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.

Revenue
$736,713 (2022)
Expenses
$717,552 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $335,885
  • Gross Receipts: $736,713

Assets and Liabilities:

  • Total Assets: $49,261
  • Total Liabilities: $0
  • Net Assets: $49,261

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Programs

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

Annual Convention Rev

Revenue

$335,885

Organization Details

Founding Year

1997

Principal Officer

Larry D Ivory

Main Address

411 Hamilton Blvd Ste 1404, Peoria, IL, 61602

NTEE Category

Code: S41 - Community improvement

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