MADISON BLACK CHAMBER OF COMMERCE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MADISON BLACK CHAMBER OF COMMERCE (EIN 20-2877968)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202413209349316606
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T14:49:28-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 262064862 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KOLLATH & ASSOCIATES CPA LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 421 WATER ST STE 111 | AddressLine1Txt |
| City | PRAIRIE DU SAC | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53578 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202877968 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MADISON BLACK CHAMBER OF COMMERCE | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MADI | BusinessNameControlTxt |
| Phone | 6087291238 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2222 S PARK STREET 200 | AddressLine1Txt |
| City | MADISON | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53713 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CAMILLE CARTER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6087291238 | PhoneNum |
| Signature | 2024-10-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIE MILLER | PreparerPersonNm |
| PTIN | P00388780 | PTIN |
| Phone | 6086440206 | PhoneNum |
| Preparation | 2024-10-29 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CAMILLE CARTER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2222 S PARK ST 200 | AddressLine1Txt |
| City | MADISON | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53713 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,666,914 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MADISONBLACKCHAMBER.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2005 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | THE MADISON BLACK CHAMBER OF COMMERCE (MBCC) EMPOWERS THE GREATER MADISON COMMUNITY BY GROWING AND SUSTAINING BLACK OWNED BUSINESSES THROUGH EDUCATION, ADVOCACY AND DEVELOPING BLACK WEALTH TO PROMOTE THE POWER AND IMPACT OF BLACK OWNED BUSINESSES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Volunteers | 60 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $289,491 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,585,996 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $17,430 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,625 | CYProgramServiceRevenueAmt |
| PY Investment Income | $101 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,750 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$376 | PYOtherRevenueAmt |
| CY Other Revenue | -$11,875 | CYOtherRevenueAmt |
| PY Total Revenue | $306,646 | PYTotalRevenueAmt |
| CY Total Revenue | $1,597,496 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $727 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $76,500 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $355,918 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $6,643 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $170,519 | PYOtherExpensesAmt |
| CY Other Expenses | $795,971 | CYOtherExpensesAmt |
| PY Total Expenses | $247,746 | PYTotalExpensesAmt |
| CY Total Expenses | $1,155,889 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $58,900 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $441,607 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $299,032 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,324,095 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $35,243 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $597,902 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $263,789 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $726,193 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MADISON BLACK CHAMBER OF COMMERCE (MBCC) EMPOWERS THE GREATER MADISON COMMUNITY BY GROWING AND SUSTAINING BLACK OWNED BUSINESSES THROUGH EDUCATION, ADVOCACY AND DEVELOPING BLACK WEALTH TO PROMOTE THE POWER AND IMPACT OF BLACK OWNED BUSINESSES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | IN ADDITION TO PROVIDING TECHNICAL ASSISTANCE AND SUPPORT SERVICES TO BLACK-OWNED BUSINESSES THROUGH INFORMATION SESSIONS, TRAININGS, CLINICS, AND WORKSHOPS, MBCC NAVIGATED BUSINESSES TO RESOURCES, PARTNERS, AND FUNDING OPPORTUNITIES, AS WELL AS CREATED MARKETS AND NETWORKING OPPORTUNITIES FOR BLACK BUSINESS OWNERS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MBCC, IN COLLABORATION WITH THE CITY OF MADISON, JD MCCORMICK PROPERTIES, HMONG WISCONSIN CHAMBER OF COMMERCE, AND THE LATINO CHAMBER OF COMMERCE OF DANE COUNTY, SUPPORTED THE CULTURE COLLECTIVES PROGRAM. THE CULTURE COLLECTIVES PROGRAM PROVIDES OPPORTUNITIES FOR HISTORICALLY UNDERREPRESENTED BUSINESS OWNERS TO SET UP A TEMPORARY POP-UP RETAIL SHOP IN DOWNTOWN MADISON. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 18 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 3 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHARON AMANI | PersonNm |
| Phone | 6087291238 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2352 S PARK ST | AddressLine1Txt |
| City | MADISON | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53713 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| CAMILLE CARTER | ||||||
| PRESIDENT | 60.00 | Yes (X) | Yes (X) | $109,181 | $0 | $0 |
| JERMAINE BUTLER | ||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CLAUDE GILMORE | ||||||
| VICE PRESIDE | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CORINDA RAINEY-MOORE | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| KARTEZ ROWELL | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARTIN LACKEY SR | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $109,181 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Membership Dues | $28,236 | MembershipDuesAmt |
| Government Grants | $1,553,664 | GovernmentGrantsAmt |
| All Other Contributions | $4,096 | AllOtherContributionsAmt |
| Total Contributions | $1,585,996 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROFESSIONAL DEVELOPMENT | 453000 | $19,640 | $19,640 |
| CULTURE COLLECTIVES | 611430 | $1,985 | $1,985 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,625 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,750 | TotalRevenueColumnAmt |
| Exclusion | $1,750 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $56,032 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $69,418 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$13,386 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,511 | GrossSalesOfInventoryAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,511 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,511 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,597,496 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,136 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,750 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,000 | TotalAmt |
| Program Services | $4,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,181 | TotalAmt |
| Management And General | $109,181 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $201,365 | TotalAmt |
| Management And General | $201,365 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,513 | TotalAmt |
| Management And General | $21,513 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,859 | TotalAmt |
| Management And General | $23,859 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,716 | TotalAmt |
| Management And General | $16,716 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $629,298 | TotalAmt |
| Program Services | $628,491 | ProgramServicesAmt |
| Management And General | $807 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,845 | TotalAmt |
| Program Services | $22,276 | ProgramServicesAmt |
| Management And General | $5,569 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,785 | TotalAmt |
| Program Services | $8,628 | ProgramServicesAmt |
| Management And General | $2,157 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,779 | TotalAmt |
| Program Services | $5,423 | ProgramServicesAmt |
| Management And General | $1,356 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,376 | TotalAmt |
| Program Services | $4,271 | ProgramServicesAmt |
| Management And General | $28,462 | ManagementAndGeneralAmt |
| Fundraising | $6,643 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,035 | TotalAmt |
| Program Services | $16,028 | ProgramServicesAmt |
| Management And General | $4,007 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,238 | TotalAmt |
| Program Services | $6,590 | ProgramServicesAmt |
| Management And General | $1,648 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,023 | TotalAmt |
| Program Services | $818 | ProgramServicesAmt |
| Management And General | $205 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PARTNERSHIPS | $19,254 | $15,403 | $3,851 |
| MERCHANT PROCESSING | $6,918 | $5,534 | $1,384 |
| JOB SUPPLIES | $3,437 | $3,437 | |
| BAD DEBT EXPENSE | $1,775 | $1,420 | $355 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,492 | TotalAmt |
| Program Services | $3,891 | ProgramServicesAmt |
| Management And General | $601 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,155,889 | TotalAmt |
| Program Services | $726,210 | ProgramServicesAmt |
| Management And General | $423,036 | ManagementAndGeneralAmt |
| Fundraising | $6,643 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,072 | BOYAmt |
| EOY | $278,715 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,971 | BOYAmt |
| EOY | $513,664 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,250 | BOYAmt |
| EOY | $195,653 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $230,614 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $8,238 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $222,376 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,739 | BOYAmt |
| EOY | $113,687 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $299,032 | BOYAmt |
| EOY | $1,324,095 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,243 | BOYAmt |
| EOY | $509,929 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $4,343 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $83,630 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,243 | BOYAmt |
| EOY | $597,902 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $263,789 | BOYAmt |
| EOY | $726,193 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $263,789 | BOYAmt |
| EOY | $726,193 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $299,032 | BOYAmt |
| EOY | $1,324,095 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $441,607 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $20,797 | PriorPeriodAdjustmentsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $160,000 | OtherCostOrOtherBasisAmt |
| Book Value | $160,000 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $70,614 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,238 | DepreciationAmt |
| Book Value | $62,376 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $222,376 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ROU- LEASE | $106,687 |
| MEMBER LOANS | $7,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $113,687 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE OBLIGATION- LONG TERM | Desc |
| Amt | $83,630 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $83,630 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 2, PART IV, LINE 2B | FormAndLineReferenceDesc |
| Explanation | MBCC MAINTAINS A BANK ACCOUNT AND CREDIT CARD PROCESSING TERMINAL, UTILIZED BY THE CULTURE COLLECTIVES IN MADISON, WI IN ORDER TO PROCESS CREDIT CARD SALES FOR THE CULTURE COLLECTIVES POP-UP SHOPS. THE CULTURE COLLECTIVES PROGRAM PROVIDES OPPORTUNITIES FOR HISTORICALLY UNDERREPRESENTED BUSINESS OWNERS TO SET UP A TEMPORARY POP-UP RETAIL SHOP IN DOWNTOWN MADISON. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | BLACK GALA | Event1Nm |
| Gross Receipts Event1 | $56,032 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $56,032 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $6,643 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $20,844 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $7,375 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $34,556 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $56,032 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $56,032 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $6,643 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $20,844 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $7,375 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $34,556 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $69,418 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$13,386 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE MADISON BLACK CHAMBER OF COMMERCE (MBCC) EMPOWERS THE GREATER MADISON COMMUNITY BY GROWING AND SUSTAINING BLACK OWNED BUSINESSES THROUGH EDUCATION, ADVOCACY AND DEVELOPING BLACK WEALTH TO PROMOTE THE POWER AND IMPACT OF BLACK OWNED BUSINESSES. |
| FORM 990, PAGE 6, PART VI, LINE 6 | MBCC HAS TWO MEMBERSHIP LEVELS: ADVANTAGE AND ELITE. ADVANTAGE MEMBERS HAVE ACCESS TO NETWORKING OPPORTUNITIES, BUSINESS SERVICES, DIRECTORY LISTING, AND MEMBER DISCOUNTS. ELITE MEMBERS ENJOY ALL THE BENEFITS OF ADVANTAGE MEMBERS, AS WELL AS EXCLUSIVE INDUSTRY OFFERS, ENHANCED DIRECTORY LISTING, AND JOB POSTINGS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | SUBMITTED TO AND APPROVED BY THE FINANCE COMMITTEE. |
| FORM 990, PAGE 6, PART VI, LINE 12C | STAFF AND BOARD MEMBERS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE EXECUTIVE COMMITTEE REVIEWS ACTUAL CONFLICTS AND MAKES THE DETERMINATIONS OF WHETHER A CONFLICT EXISTS. IF CONFLICTS EXISTS, THE PERSON WITH THE CONFLICT OF INTEREST IS RECUSED FROM DECISION MAKING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | YES, WE ENGAGED SUSTAINABLEHR PEO TO CONDUCT INDEPENDENT SALARY BAND ANALYSIS FOR THE CEO/PRESIDENT AND THE DIRECTOR OF OPERATIONS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | YES, WE ENGAGED SUSTAINABLEHR PEO TO CONDUCT INDEPENDENT SALARY BAND ANALYSIS FOR THE CEO/PRESIDENT AND THE DIRECTOR OF OPERATIONS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONTRACT SERVICES 625,265 0 0 PAYROLL PROCESSING 3,226 807 0 TOTAL 628,491 807 0 |