Metro Detroit Black Chamber Of Commerce Foundation

See Schedule O

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

EIN: 853465384 ✦ Detroit, MI ✦ Designated as a 501(c)(3)

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Overview

What is Metro Detroit Black Chamber Of Commerce Foundation?

The Metro Detroit Black Chamber Of Commerce Foundation is a nonprofit organization situated in Detroit, Michigan. Their main objective is to foster prosperous and sustainable Black-owned businesses by establishing connections with both public and private economic opportunities. They achieve this by developing relevant programs and advocating for favorable policies. The foundation aims to build robust relationships within the community, ultimately contributing to a thriving business landscape.


Official website here: www.mdbba.com

Is Metro Detroit Black Chamber Of Commerce Foundation legitimate?

Metro Detroit Black Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metro Detroit Black Chamber Of Commerce Foundation 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: $186,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,404

For more financial information, click here


Official website here: www.mdbba.com

What is the mission statement of Metro Detroit Black Chamber Of Commerce Foundation?

The Metro Detroit Black Chamber of Commerce Foundation's mission is centered around fostering profitable and sustainable Black-owned businesses. They accomplish this by developing targeted programs and advocating for policies that connect these businesses to both public and private economic opportunities. Furthermore, the foundation aims to build trusting relationships within this community, thereby fostering an environment conducive to business growth and success.


Official website here: www.mdbba.com

Who is the CEO of Metro Detroit Black Chamber Of Commerce Foundation?

Charity Dean is the President And C.E.O. of Metro Detroit Black Chamber Of Commerce Foundation.


Official website here: www.mdbba.com

What is the revenue of Metro Detroit Black Chamber Of Commerce Foundation?

Metro Detroit Black Chamber Of Commerce Foundation's revenue in 2022 was $1,502,535.


Official website here: www.mdbba.com

Who are the executives of Metro Detroit Black Chamber Of Commerce Foundation and what are their salaries?

There 50 volunteers at Metro Detroit Black Chamber Of Commerce Foundation.


Here are 17 key members and their salaries:


Charity Dean (President And C.E.O.)
  • Compensation: $90,000
  • Related: $90,000
  • Other: $0
Charles Nolen (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kerry Buffington (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Hosey (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Latoya Henry (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Bowman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kandiss Ecton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rita Fields (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Regina Gaines (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tatiana Grant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Hardamon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Hines (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harvey Hollins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Mckinney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danielle North (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bianca Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kaiwan Bowman (Chief Operating Officer)
  • Compensation: $96,600
  • Related: $64,400
  • Other: $0


Official website here: www.mdbba.com

Where can I find the form 990 for Metro Detroit Black Chamber Of Commerce Foundation?

Metro Detroit Black Chamber Of Commerce Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mdbba.com

Learn more at the official website: www.mdbba.com

Mission Statement of Metro Detroit Black Chamber Of Commerce Foundation

The Metro Detroit Black Chamber of Commerce Foundation is dedicated to a mission that aims to foster profitable and sustainable Black-owned businesses. By developing relevant programs and advocating for policies, the organization seeks to connect these businesses to both public and private economic opportunities. This mission is not just about profitability, but also about building trusting relationships within the business community. The ultimate goal is to help Black-owned businesses thrive and become integral parts of the broader economic landscape.

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Impact




July, 2024

The Metro Detroit Black Chamber of Commerce Foundation has a significant impact on the economic landscape of Detroit, MI. By developing programs and advocating for policies that support profitable and sustainable black-owned businesses, they play a crucial role in empowering the local black business community. Through their work, they connect these businesses to valuable public and private economic opportunities, fostering growth and success. Additionally, the foundation's emphasis on building trusted relationships helps create a strong support network for black entrepreneurs, further contributing to their long-term success and prosperity.




This information is meant to be a general summary of Metro Detroit Black Chamber Of Commerce Foundation. 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
$1,502,535 (2022)
Expenses
$391,755 (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: $105,534
  • Gross Receipts: $1,559,922

Assets and Liabilities:

  • Total Assets: $1,253,636
  • Total Liabilities: $0
  • Net Assets: $1,253,636

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Programs

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

PROGRAM FEES

Revenue

$60,500

JUNETEENTH

Revenue

$45,034

Organization Details

Founding Year

2020

Principal Officer

Charity Dean

Main Address

1234 WASHINGTON BOULEVARD, DETROIT, MI, 482261894

NTEE Category

Code: T30 - Philanthropy

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