NonprofitsAfrican American Chamber Of Commerce Foundation

Community Improvement & Capacity Building

African American Chamber Of Commerce Foundation

PHILADELPHIA, PA

Total revenue

$138K

Total expenses

$125K

Net assets

$113K

Grants received

$235K

6 grants

EIN

203535639

Tax year

2024

Mission

The primary purpose of the foundation is to uplift and improve the economic condition of low wealth in minority communities in the region. The foundation will provide tools with which these communities can learn skills, become entrepreneurs and business owners, thereby becoming self- sufficient employees as well as employers who, in turn, will develop opportunities for others in that same community.

Financials

FY 2024

Revenue

Contributions & grants$138K
Program service revenue
Investment income
Other revenue
Total revenue$138K

Expenses

Grants paid$125K
Salaries & benefits
Fundraising
Other expenses
Total expenses$125K
Total assets$113K
Net assets$113K

People

1 listed

NameRoleCompensation

KRISHNA NARINE

EXECUTIVE DI

Board

4 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$47K
ECE MEMBERSHIP PLANNING PROJECT
2023
$10K
TO PROVIDE FINANCIAL LITERACY PROGRAMS TO BLACK-OWNED BUSINESSES
2023
$63K
ECE MEMBERSHIP PLANNING PROJECT
2022
$63K
ECE MEMBERSHIP PLANNING PROJECT
2022
$10K
2022 ANNUAL MEETING & AWARDS CEREMONY
2022
$42K
COVID-19 RELIEF EFFORT, 27TH ANNUAL MEETING AND AWARDS CEREMONY
2020

Funded by

$235K from 3 funders · 6 grants · 2020–2023

The William Penn Foundation

$173K · 3 grants · 2022–2023

The Philadelphia Foundation

$52K · 2 grants · 2020–2022

Power For Good Foundation

$10K · 1 grant · 2023

Details

EIN203535639
NTEE codeS30
Subsection03
Ruling date2024-11
AFRICAN AMERICAN CHAMBER OF COMMERCE FOUNDATION — Mission, Financials & Grants Received | Grantivo