Overview
What is Hmong Wisconsin Chamber Of Commerce Inc?
Hmong Wisconsin Chamber of Commerce Inc (HWCC) is a community development financial institution (CDFI) based in Milwaukee, Wisconsin. With a modest team of nine individuals, HWCC plays a pivotal role in supporting local businesses and entrepreneurs of the Hmong and Asian American communities. As a CDFI, HWCC offers financial assistance in business planning, market analysis, marketing strategies, and day-to-day operations, helping these businesses grow and thrive. Beyond their financial services, HWCC serves as an advocate for these communities, addressing business and economic issues that impact them. They also act as a platform for entrepreneurs to share experiences and challenges, fostering a supportive environment that benefits all of Wisconsin. Additionally, HWCC provides technical assistance to approximately 450 businesses and individuals, offering one-on-one guidance, workshops, training sessions, and networking opportunities. Overall, HWCC's mission is to drive economic development and foster success within the Hmong and Asian American communities in Wisconsin.
Official website here: www.hmongchamber.org
Is Hmong Wisconsin Chamber Of Commerce Inc legitimate?
Hmong Wisconsin Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Hmong Wisconsin 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: $147,118
Professional Fundraising Fees: $0
Other Salaries and Wages: $251,496
For more financial information, click here
Official website here: www.hmongchamber.org
What is the mission statement of Hmong Wisconsin Chamber Of Commerce Inc?
The Hmong Wisconsin Chamber of Commerce Inc serves as a Community Development Financial Institution (CDFI), offering economic development assistance to businesses in areas such as business planning, market analysis, marketing strategies, and effective day-to-day operations. The organization acts as an advocate for the Hmong and Asian American communities in Wisconsin, addressing business and economic issues. Furthermore, HWCC serves as a forum for Hmong and Asian American entrepreneurs, providing a platform for discussing successes and challenges, offering support, and fostering a win-win situation for all parties involved in Wisconsin.
Official website here: www.hmongchamber.org
Who is the CEO of Hmong Wisconsin Chamber Of Commerce Inc?
Maysee Herr is the President of Hmong Wisconsin Chamber Of Commerce Inc.
Official website here: www.hmongchamber.org
What is the revenue of Hmong Wisconsin Chamber Of Commerce Inc?
Hmong Wisconsin Chamber Of Commerce Inc's revenue in 2022 was $2,393,378.
Official website here: www.hmongchamber.org
Who are the executives of Hmong Wisconsin Chamber Of Commerce Inc and what are their salaries?
The average compensation at Hmong Wisconsin Chamber Of Commerce Inc during 2022 was $44,290. There are 9 employees and 40 volunteers at Hmong Wisconsin Chamber Of Commerce Inc.
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Official website here: www.hmongchamber.org
Where can I find the form 990 for Hmong Wisconsin Chamber Of Commerce Inc?
Hmong Wisconsin Chamber Of Commerce Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hmongchamber.org
Learn more at the official website: www.hmongchamber.org
Mission Statement of Hmong Wisconsin Chamber Of Commerce Inc
The Hmong Wisconsin Chamber of Commerce Inc, acting as a Community Development Financial Institution (CDFI), plays a significant role in providing economic development assistance to businesses within the Hmong and Asian American communities in Wisconsin. Their mission is multifaceted, encompassing various aspects of business planning, market analysis, marketing strategies, and effective day-to-day business operations. By offering these services, the Hmong Wisconsin Chamber of Commerce Inc aims to empower these communities, fostering growth and success.
In addition to its role as a CDFI, the Hmong Wisconsin Chamber of Commerce Inc also serves as an advocate for these communities, addressing business and economic issues that impact the Hmong and Asian American communities in Wisconsin. Furthermore, the organization serves as a forum for Hmong and Asian American entrepreneurs, providing a platform for them to discuss their successes and challenges. The result is a mutually beneficial environment, where the collective wisdom and experiences of these entrepreneurs can lead to positive outcomes for all of Wisconsin.
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Impact
October, 2024
The Hmong Wisconsin Chamber Of Commerce Inc (HWCC) significantly contributes to the economic vitality of Wisconsin, particularly within the Hmong and Asian American communities. By providing essential economic development assistance, HWCC facilitates business planning, market analysis, and effective marketing strategies that empower local entrepreneurs.
Their impact is evidenced in the technical support offered to approximately 450 businesses and individuals, through one-on-one assistance, workshops, and networking opportunities. This direct support fosters an environment where entrepreneurs can thrive, sharing successes and challenges within a collaborative forum.
HWCC maintains a remarkable loan portfolio with a default rate of less than 10%, demonstrating their effective management and commitment to the financial health of the businesses they support. This not only helps stabilize local economies but also builds confidence among lenders and investors regarding the viability of Hmong and Asian American enterprises.
By acting as an advocate for these communities, HWCC addresses specific business and economic issues, ensuring that the voices of Hmong and Asian American entrepreneurs are heard. Overall, their work promotes community improvement and economic empowerment, creating a win-win situation for Wisconsin as a whole.
This information is meant to be a general summary of Hmong Wisconsin 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.
- Investment Income: $57,837
- Program Service Revenue: $22,418
- Gross Receipts: $2,455,300
Assets and Liabilities:
- Total Assets: $3,623,656
- Total Liabilities: $511,722
- Net Assets: $3,111,934
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$14,378
LOAN APPLICATION FEES
Revenue
$6,650
MEMBERSHIP DUES
Revenue
$1,190
LATE FEE INCOME
Revenue
$200
Organization Details
Founding Year
2000
Phone
(414) 217-4782Principal Officer
Maysee Herr
Main Address
5421 N 118TH CT, MILWAUKEE, WI, 53225
Website
www.hmongchamber.orgNTEE Category
Code: S41 - Community improvement
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