NonprofitsAfrican American Chamber Of Commerce

Education

African American Chamber Of Commerce

MILWAUKEE, WI

Total revenue

$1.0M

Total expenses

$1.4M

Net assets

$490K

Grants received

$868K

15 grants

EIN

391768969

Tax year

2024

Mission

We champion the growth and sustainability of african american owned businesses by providing access to capital, education and advocacy through capacity building and strategic partnerships.

Programs

1 program

Rise mke powered by mortar - a 14-week entrepreneurial training program designed to ensure that emerging businesses don't start blindly, providing business development with a focus on marketing, branding, business network development, and other essential resources. Rise was adapted from the highly successful cincinnati based minority business accelerator program called mortar. The african american chamber has formed a strategic partnership between lisc milwaukee and the milwaukee urban league as a component of the ramp up project. Rise curriculum will focus on enabling underserved entrepreneurs through education, guidance, and mentorship. Spur - capacity building intensive workshop series design based on research from the federal reserve about the needs and critical issues of small businesses. There are three primary components 1)workshop sessions; 2)small group advisory roundtables; 3)targeted networking sessions. The program is designed to provide small businesses with focused customized training and networking opportunities that address their specific needs.

Expenses: $660KGrants: $540K

Financials

FY 2024

Revenue

Contributions & grants$1.0M
Program service revenue
Investment income$895
Other revenue$8K
Total revenue$1.0M

Expenses

Grants paid$540K
Salaries & benefits$406K
Fundraising$46K
Other expenses$450K
Total expenses$1.4M
Total assets$2.8M
Net assets$490K

People

12 listed

NameRoleCompensation

NIKKI PURVIS

CEO

Board

$131K

40 hrs/wk

MARJORIE RUCKER

VICE-CHAIR

Board

1 hrs/wk

JULIAN BERRY

SECRETARY

Board

1 hrs/wk

MIKAL WESLEY

DIRECTOR

Board

1 hrs/wk

TIFFANY MEANS

DIRECTOR

Board

1 hrs/wk

DR LIA KNOX

DIRECTOR

Board

1 hrs/wk

WARREN E BULIOX

CHAIR

Board

1 hrs/wk

MATT PAZARAS

DIRECTOR

Board

1 hrs/wk

WILLIAM DECK

DIRECTOR

Board

1 hrs/wk

LAQUONDRA SHAW

DIRECTOR

Board

1 hrs/wk

KEESHA JONES-SUTTON

DIRECTOR

Board

1 hrs/wk

NICHOLAS TREDER

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 15 of 15

FromAmountPurposeYear
$26K
SMALL BUSINESS ASSISTANCE GRANT
2024
$20K
Event Sponsorship
2024
$50K
CAPACITY BUILDING
2023
$53K
SEED FUNDING AND OPERATIONS OF OPENING A
2022
$10K
Event Sponsorship
2022
$6K
Civic Sponsorship
2021
$5K
Program Support
2021
$3K
Program Support
2021
$541K
COVID-19 RECOVERY GRANTS TO SMALL BUSINESSES
2020
$50K
General support
2020
$9K
Sponsorship
2020
$5K
PUBLIC BENEFIT & COMMUNITY IMPROVEMENT PROGRAM SUPPORT
2020

Funded by

$868K from 9 funders · 15 grants · 2020–2024

Greater Milwaukee Foundation Inc

$594K · 2 grants · 2020–2022

Brewers Community Foundation Inc

$80K · 3 grants · 2020–2024

United Way Of Greater Milwaukee &

$75K · 2 grants · 2021–2023

Legacy Redevelopment Corporation

$26K · 1 grant · 2024

Trusted Fraternal Life

$15K · 2 grants · 2020–2021

Enterprise Holdings Foundation

$8K · 2 grants · 2021

Details

EIN391768969
NTEE codeB95Z
Subsection03
Ruling date1995-01
Formed1993
Employees6
Volunteers0
AFRICAN AMERICAN CHAMBER OF COMMERCE — Mission, Financials & Grants Received | Grantivo