The Greater Augusta Black Chamber Of Commerce Inc

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

EIN: 811272818 ✦ Augusta, GA ✦ Designated as a 501(c)(6)

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Overview

What is The Greater Augusta Black Chamber Of Commerce Inc?

The Greater Augusta Black Chamber of Commerce Inc is a nonprofit organization situated within the CSRA region. Their primary objective is to promote economic stability for local businesses by leveraging advocacy, education, networking, discovery, and strategic partnerships. They have demonstrated their commitment to this mission through the successful implementation of their first grant program, providing business grants to over 40 small business owners. This initiative underscores their dedication to supporting the growth and development of the business community within their region.


Official website here: www.mygabc.org

Is The Greater Augusta Black Chamber Of Commerce Inc legitimate?

The Greater Augusta Black Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Greater Augusta Black Chamber Of Commerce Inc submitted a form 990EZ, 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.mygabc.org

What is the mission statement of The Greater Augusta Black Chamber Of Commerce Inc?

The Greater Augusta Black Chamber of Commerce Inc's mission is centered around promoting economic stability for businesses in a certain region, generally referred to as the CSRA. They accomplish this through various means, including advocacy, education, networking, and strategic partnerships. One of their notable initiatives is conducting grant programs, which they successfully implemented, providing business grants to numerous small business owners. The organization's aim is to foster a thriving business environment by providing necessary support and resources.


Official website here: www.mygabc.org

What is the revenue of The Greater Augusta Black Chamber Of Commerce Inc?

The Greater Augusta Black Chamber Of Commerce Inc's revenue in 2023 was $819,380.


Official website here: www.mygabc.org

Who are the executives of The Greater Augusta Black Chamber Of Commerce Inc and what are their salaries?

Here are 7 key members and their salaries:


Ronic West (President/Exec Dir)
  • Compensation: $65,119
  • Related: $0
  • Other: $0
Shagralia Hammond (Vp At-Large)
  • Compensation: $32,364
  • Related: $0
  • Other: $0
Ismail Abdul-Rahman (Vp Marketing)
  • Compensation: $575
  • Related: $0
  • Other: $0
Kigwana Cherry (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lumus Vick (Vp At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Devona Ransom (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Latasha Bellamy (Interim Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mygabc.org

Where can I find the form 990 for The Greater Augusta Black Chamber Of Commerce Inc?

The Greater Augusta Black Chamber Of Commerce Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.mygabc.org

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

Mission Statement of The Greater Augusta Black Chamber Of Commerce Inc

The Greater Augusta Black Chamber of Commerce is an organization that plays a crucial role in promoting economic stability for businesses in the CSRA region. Their mission is multifaceted, encompassing advocacy, education, networking, discovery, and strategic partnerships. By fostering these aspects, the chamber aims to support the growth and success of small businesses within its community.

In concrete terms, the Greater Augusta Black Chamber of Commerce demonstrates its commitment to these goals through various initiatives. One such initiative is their grant program, which they successfully implemented in partnership with another organization. This program offered business grants to over 40 small business owners, providing them with much-needed financial assistance to help them thrive. This proactive approach to supporting local businesses underscores the chamber's mission to promote economic stability.

In summary, the Greater Augusta Black Chamber of Commerce is a vital resource for businesses in the CSRA region. By focusing on advocacy, education, networking, discovery, and strategic partnerships, the organization seeks to create a supportive environment that fosters the growth and success of small businesses. Through initiatives like their grant program, they have demonstrated their commitment to this mission and their dedication to the economic wellbeing of their community.

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Impact




October, 2024

The Greater Augusta Black Chamber of Commerce Inc significantly impacts the economic landscape of the Central Savannah River Area (CSRA) by promoting economic stability for local businesses. Through advocacy, education, and networking, the organization empowers entrepreneurs and small business owners, facilitating vital connections and resources to help them thrive.

A key achievement includes the successful execution of its inaugural grant program, which provided financial assistance to over 40 small businesses. This initiative not only enhanced the sustainability of these enterprises but also contributed to job creation and economic growth within the community. By fostering strategic partnerships and encouraging discovery, the Chamber plays a crucial role in strengthening the local economy, enhancing opportunities for Black-owned businesses, and driving community improvement in the Augusta area.




This information is meant to be a general summary of The Greater Augusta 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
$819,380 (2023)
Expenses
$128,674 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4
  • Program Service Revenue: $1,362
  • Gross Receipts: $819,380

Assets and Liabilities:

  • Total Assets: $22,658
  • Total Liabilities: $0
  • Net Assets: $22,658

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Programs

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

WORKSHOPS

Revenue

$1,362

Organization Details

Principal Officer

Ronic West

NTEE Category

Code: S41 - Community improvement

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