Nonprofits›Metro Detroit Black Chamber Of Commerce Foundation

Metro Detroit Black Chamber Of Commerce Foundation

DETROIT, MI

Website

Total revenue

$1.9M

Total expenses

$2.0M

Net assets

$1.8M

Grants received

$2.0M

18 grants

EIN

853465384

Tax year

2024

Mission

To help close the racial wealth gap by developing programs and advocate for policies that result in profitable and sustainable black-owned businesses that are connected to public and private economic opportunities.

Financials

FY 2024

Revenue

Contributions & grants$1.9M
Program service revenue$133K
Investment income$20K
Other revenue—
Total revenue$1.9M

Expenses

Grants paid—
Salaries & benefits$1.3M
Fundraising—
Other expenses$714K
Total expenses$2.0M
Total assets$1.9M
Net assets$1.8M

People

10 listed

NameRoleCompensation

KERRY BUFFINGTON

CHAIR

Board

—

2 hrs/wk

JOSEPH BOWMAN

VICE CHAIR

Board

—

2 hrs/wk

JERMAINE RUFFIN

TREASURER

Board

—

2 hrs/wk

JAY WILLIAMS

SECRETARY

Board

—

2 hrs/wk

JEHAN CRUMP-GIBSON

MEMBER

Board

—

1 hrs/wk

MEAGAN DUNN

MEMBER

Board

—

1 hrs/wk

KANDISS ECTON

MEMBER

Board

—

1 hrs/wk

RODERICK HARDAMON

MEMBER

Board

—

1 hrs/wk

SHAQUILA MYERS

MEMBER

Board

—

1 hrs/wk

DONALD RENCHER

MEMBER

Board

—

1 hrs/wk

Grants received

Showing 18 of 18

FromAmountPurposeYear
THE PRUDENTIAL FOUNDATION
$250K
CAPACITY BUILDING OF THE MICHIGAN BLACK BUSINESS ALLIANCE
2024
COMMUNITY FOUNDATION FOR SOUTHEAST
$150K
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
2024
LOCAL INITIATIVES SUPPORT CORPORATION
$65K
SEE PART IV
2024
Prosperus Detroit Micro Lending
$61K
Operating Grant
2024
ROUND IT UP AMERICA INC
$30K
COMMUNITY SERVICE PROGRAMS
2024
THE PRUDENTIAL FOUNDATION
$300K
METRO DETROIT BLACK BUSINESS ALLIANCE PROGRAM AND BLACK WEALTH TOURS
2023
COMMUNITY FOUNDATION FOR SOUTHEAST
$150K
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
2023
PRIORITY HEALTH TOTAL HEALTH FOUNDATION
$100K
IMPROVE THE HEALTH AND LIVES OF PEOPLE LIVING IN HIGH-NEED AREAS
2023
WK Kellogg Foundation
$100K
Jobs and Family Economic Security
2023
DETROIT ECONOMIC GROWTH ASSOCIATION
$84K
DETROIT MEANS BUSINESS
2023
LOCAL INITIATIVES SUPPORT CORPORATION
$69K
SEE PART IV
2023
THE KRESGE FOUNDATION
$35K
THIS GRANT WILL PROVIDE GENERAL OPERATING SUPPORT FOR THE METRO DETROIT BLACK BUSINESS ALLIANCE FOUNDATION (MDBBAF), AN ORGANIZATION DEDICATED TO CLOSING THE RACIAL WEALTH GAP BY SUPPORTING BLACK-OWNED BUSINESSES IN METRO DETROIT.
2023
THE PRUDENTIAL FOUNDATION
$250K
METRO DETROIT BLACK BUSINESS ALLIANCE CAPACITY BUILDING
2022
COMMUNITY FOUNDATION FOR SOUTHEAST
$155K
COMMUNITY IMPROVEMENT & CAPACITY BUILDING PROGRAM/GENERAL OPERATIONS
2022
WK Kellogg Foundation
$75K
provide general operating support to help the organization advance its mission of fundraising to support Black-owned businesses in the Metro Detroit area through small business grant making and support for aspiring and current Black entrepreneurs
2022
THE FORD FOUNDATION
$50K
SUPPORT FOR DEVELOPING A COLLABORATIVE PLAN WITH BLACK LEADERS DETROIT, PROSPERUS DETROIT, AND THE BUILD INSTITUTE TO BETTER SERVE BLACK ENTREPRENEURS
2022
LOCAL INITIATIVES SUPPORT CORPORATION
$13K
SEE PART IV
2022
UNITED WAY FOR SOUTHEASTERN MICHIGAN
$50K
GRANT
2021

Funded by

$2.0M from 11 funders · 18 grants · 2021–2024

The Prudential Foundation

$800K · 3 grants · 2022–2024

Community Foundation For Southeast

$455K · 3 grants · 2022–2024

WK Kellogg Foundation

$175K · 2 grants · 2022–2023

Local Initiatives Support Corporation

$146K · 3 grants · 2022–2024

Prosperus Detroit Micro Lending

$61K · 1 grant · 2024

Details

EIN853465384
Subsection03
Ruling date2021-02
Formed2020
Employees12
METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION — Mission, Financials & Grants Received | Grantivo