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Nonprofits›African American Chamber Of Commerce Of New Jersey Inc

Community Improvement & Capacity Building

African American Chamber Of Commerce Of New Jersey Inc

TRENTON, NJ

Website

Total revenue

$3.5M

Total expenses

$4.2M

Net assets

$1.2M

Grants received

$892K

31 grants

EIN

061820423

Tax year

2024

Mission

African-American Chamber of Commerce of New Jersey(AACCNJ is dedicated to economically empowering and sustaining African-American communities through entrepreneurship and capitalistic activities within the State of New Jersey and interaction with the National Black Chamber of Commerce, Inc (NBCC)

Programs

3 programs

Received grant for upskilling through a work force innovation and Opportunity Act set Aside provided by US Department of Labor.

Expenses: $513K

Received grant from NJ Community Loan Fund to explore the possibility of establshing a micro lending institition to serve minority owned business

Expenses: $118K

Conducted various events to provide educational, networking and procurement opportunities for Black minority owned businesses throughout the State of of New Jersey.

Expenses: $2.2M

Financials

FY 2024

Revenue

Contributions & grants$2.5M

Program service revenue$989K

Investment income—

Other revenue—

Total revenue$3.5M

Expenses

Grants paid—

Salaries & benefits$1.7M

Fundraising—

Other expenses$2.5M

Total expenses$4.2M

Total assets$3.9M

Net assets$1.2M

People

16 listed

NameRoleCompensation

John E Harmon

President/Chief Executive Officer

Board

$353K

50 hrs/wk

R Stanley Prater

Chairman

Board

—

4 hrs/wk

Erik Larsen

Director/ AACCNJ Foundation Board

Board

—

2 hrs/wk

Marcus Dyer Esq

Director/Treasurer

Board

—

5 hrs/wk

Robert Warrington Esq

Vice Chairman

Board

—

5 hrs/wk

Rachael Ankrah -Fosu

Director

Board

—

2 hrs/wk

Faye Coleman

Director

Board

—

2 hrs/wk

Robert L Johnson

Director

Board

—

2 hrs/wk

Hosea Johnson

Director/Emeritus Board Member

Board

—

2 hrs/wk

Raymond K Jones

Director

Board

—

2 hrs/wk

Kim Lemon

Director

Board

—

2 hrs/wk

Gary Mann

Director

Board

—

2 hrs/wk

Funke Olayinka MD

Director

Board

—

2 hrs/wk

Alton Shaw

Director

Board

—

2 hrs/wk

Tammeisha D Smith

Director

Staff

—

Will Smith

Director

Staff

—

Grants received

Showing 31 of 31

FromAmountPurposeYear

The Winston-Salem Foundation

$50K

1 grant(s) for varying purposes

2024

CITIZENS PHILANTHROPIC FOUNDATION INC

$50K

MOBILE ACADEMY PROGRAMS

2024

T&M ASSOCIATES FOUNDATION INC

$400

DONATION- CHARITABLE

2024

CROSS RIVER COMMUNITY FOUNDATION

$122K

GENERAL OPERATING SUPPORT

2023

The Synergies Family Foundation Inc

$75K

GENERAL FUND

2023

LOCAL INITIATIVES SUPPORT CORPORATION

$52K

SEE PART IV

2023

TENACRE FOUNDATION

$50K

GENERAL SUPPORT

2023

CHARITIES AID FOUNDATION AMERICA

$35K

CHARITABLE DONATION

2023

FULTON FORWARD FOUNDATION

$20K

Economic empowering african american communities in NJ

2023

FRONTSTREAM GLOBAL FUND

$14K

Contribution

2023

Advanced Technology Alliance

$10K

General Support

2023

TD CHARITABLE FOUNDATION

$5K

AACCNJ ENTREPRENEUR ACADEMY

2023

T&M ASSOCIATES FOUNDATION INC

$400

DONATION- CHARITABLE

2023

LOCAL INITIATIVES SUPPORT CORPORATION

$88K

SEE PART IV

2022

CROSS RIVER COMMUNITY FOUNDATION

$80K

IN FURTHERANCE OF ITS PURSUIT OF CDFI CERTIFICATION

2022

TENACRE FOUNDATION

$64K

GENERAL SUPPORT

2022

FULTON FORWARD FOUNDATION

$20K

To support economically empowering and sustaining African American communities and businesses through entrepreneurship and capitalistic initiatives throughout the state of NJ.

2022

CHARITIES AID FOUNDATION AMERICA

$20K

CHARITABLE DONATION

2022

THE BLACKBAUD GIVING FUND

$15K

GENERAL SUPPORT

2022

FRONTSTREAM GLOBAL FUND

$14K

Contribution