California African American Chamber Of Commerce

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

EIN: 853019216 ✦ Sacramento, CA ✦ Designated as a 501(c)(6)

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Overview

What is California African American Chamber Of Commerce?

The California African American Chamber of Commerce is a nonprofit organization located in Sacramento, California, specifically at 500 Capitol Mall 2350. Their primary mission is to stimulate economic growth and financial prosperity for African American businesses. With a small team of one dedicated individual, they work tirelessly to create opportunities and amass wealth within this specific business community.


Official website here: www.calaacc.org

Is California African American Chamber Of Commerce legitimate?

California African American Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. California 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: $64,181
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.calaacc.org

What is the mission statement of California African American Chamber Of Commerce?

The California African American Chamber of Commerce is dedicated to fostering economic opportunities and wealth creation for African American businesses. Their mission is to actively support and empower these businesses, aiming to propel their growth and success. By driving economic advancement, the chamber seeks to contribute to the overall prosperity of the business community.


Official website here: www.calaacc.org

Who is the CEO of California African American Chamber Of Commerce?

Joseph Chow is the Treasurer of California African American Chamber Of Commerce.


Official website here: www.calaacc.org

What is the revenue of California African American Chamber Of Commerce?

California African American Chamber Of Commerce's revenue in 2022 was $349,385.


Official website here: www.calaacc.org

Who are the executives of California African American Chamber Of Commerce and what are their salaries?

The average compensation at California African American Chamber Of Commerce during 2022 was $64,181. There is 1 employee at California African American Chamber Of Commerce.


Here are 3 key members and their salaries:


Carl Davis Jr (Terminated06/22)
  • Compensation: $64,181
  • Related: $0
  • Other: $0
Timothy Alan Simon (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Chow (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.calaacc.org

Where can I find the form 990 for California African American Chamber Of Commerce?

California African American Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.calaacc.org

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

Mission Statement of California African American Chamber Of Commerce

The California African American Chamber of Commerce is dedicated to fostering economic opportunities and wealth creation for African American businesses. Their mission is geared towards uplifting and empowering this particular business community, aiming to drive growth and prosperity. By focusing on economic advancement, this nonprofit organization strives to create a more equitable business landscape for African American entrepreneurs.

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Impact




October, 2024

The California African American Chamber of Commerce plays a crucial role in driving economic opportunity and wealth creation for African American businesses in Sacramento and beyond. By fostering a supportive environment for entrepreneurs and business owners, the chamber enhances access to resources, networking opportunities, and advocacy efforts aimed at strengthening the African American business community.

Through its initiatives, the chamber contributes to community improvement by empowering local businesses, promoting economic development, and addressing systemic barriers to business growth and sustainability. This focused effort not only enhances the economic landscape for African Americans but also stimulates broader economic growth within the region, enriching the entire community. The chamber's commitment to driving economic opportunity ensures that African American businesses have the support and tools necessary to thrive in a competitive marketplace.




This information is meant to be a general summary of California 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.

Revenue
$349,385 (2022)
Expenses
$392,695 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $349,385

Assets and Liabilities:

  • Total Assets: $69,875
  • Total Liabilities: -$1,982
  • Net Assets: $71,857

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Organization Details

Principal Officer

Joseph Chow

Main Address

500 Capitol Mall 2350, SACRAMENTO, CA, 95814

NTEE Category

Code: S41 - Community improvement

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