Overview
What is California Black Chamber Of Commerce?
The California Black Chamber of Commerce is a nonprofit organization situated in Sacramento, California. Its primary mission is to establish a statewide network among California's Black and minority Chambers of Commerce and business associations, with the aim of promoting economic development and financial literacy in underserved communities. They organize an Annual Economic Summit to bring together community and business leaders, influencing, inspiring, and promoting underprivileged minority businesses and organizations. The corporation also strives to strengthen African American small business communities through comprehensive training and resource connection, offering access to contracting opportunities. With a workforce of nine individuals, the California Black Chamber of Commerce is dedicated to advocating for economic growth and empowerment in marginalized communities.
Is California Black Chamber Of Commerce legitimate?
California Black Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. California Black 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $270,570
For more financial information, click here
What is the mission statement of California Black Chamber Of Commerce?
The California Black Chamber of Commerce is established to foster a statewide network among Black and Brown business associations in California. Its mission is to actively promote economic development and financial literacy in marginalized and underserved communities. The organization aims to strengthen African American small business communities by providing comprehensive training and connecting them to resources and contracting opportunities. The chamber organizes an annual economic summit to bring together community and business leaders, influencing, inspiring, and promoting underprivileged minority businesses and organizations.
Who is the CEO of California Black Chamber Of Commerce?
Jay King is the President/Ceo of California Black Chamber Of Commerce. The CEO's salary of California Black Chamber Of Commerce is $155,226 and their total compensation is $155,226.
What is the revenue of California Black Chamber Of Commerce?
California Black Chamber Of Commerce's revenue in 2022 was $1,353,667.
Who are the executives of California Black Chamber Of Commerce and what are their salaries?
The average compensation at California Black Chamber Of Commerce during 2022 was $30,063. There are 9 employees and 12 volunteers at California Black Chamber Of Commerce.
Here are 6 key members and their salaries (California Black Chamber Of Commerce's CEO's salary is $155,226 and their total compensation is $155,226):
- Compensation: $155,226
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $10,820
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
Where can I find the form 990 for California Black Chamber Of Commerce?
California Black Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of California Black Chamber Of Commerce
The California Black Chamber of Commerce is committed to establishing a statewide network among California's Black and minority Chambers of Commerce. Their mission lies in actively promoting economic development and financial literacy in marginalized and underserved communities. They strive to strengthen the African American small business communities by providing comprehensive training and connecting them to resources and contracting opportunities. This nonprofit organization aims to uplift and support underprivileged minority businesses and organizations, fostering growth and influence within these communities. They achieve this through their annual Economic Summit, a gathering that brings together community and business leaders to inspire, influence, and promote underprivileged minority businesses and organizations.
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Impact
October, 2024
The California Black Chamber of Commerce plays a pivotal role in fostering economic growth in marginalized communities throughout the state. By establishing a statewide network among Black and Brown chambers of commerce and business associations, it actively promotes economic development and financial literacy.
Through initiatives such as the Annual Economic Summit, the Chamber brings together community and business leaders to influence and inspire underprivileged minority businesses and organizations. This forum serves as a platform for sharing resources, expertise, and opportunities that help to strengthen African American small business communities.
By providing comprehensive training and facilitating connections to essential resources and contracting opportunities, the Chamber contributes significantly to empowering minority entrepreneurs and enhancing their impact on local economies. Ultimately, its efforts create a more equitable business landscape in California, enabling underserved communities to thrive.
This information is meant to be a general summary of California Black 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $145,968
- Gross Receipts: $1,353,667
Assets and Liabilities:
- Total Assets: $113,935
- Total Liabilities: $61,934
- Net Assets: $52,001
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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
$6,150
COVID ERTC
Revenue
$139,818
Organization Details
Founding Year
1994
Phone
(916) 467-8878Principal Officer
Jay King
Main Address
1600 SACRAMENTO INN WAY, SACRAMENTO, CA, 95815
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