EIN 39-1768969

African American Chamber of Commerce of Wisconsin

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
1993
Most recent tax filings
2023-12-01
NTEE code, primary
Description
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.our vision - strong African American owned businesses and entrep...
Also known as...
African American Chamber of Commerence
Total revenues
$726,551
2023
Total expenses
$797,865
2023
Total assets
$2,718,446
2023
Num. employees
6
2023

Program areas at African American Chamber of Commerce of Wisconsin

The Chamber provides opportunities for members promotion and publicity, a voice in government, networking events and opportunities and customer referrals. The facility provides a co-working space for members. In addition, the Chamber has a revolving loan fund that is designed to increase access to capital for existing and new minority businesses, while developing partnerships within the business community. Kiva u.s. is an international non-profit that enables financially excluded and socially impactful entrepreneurs to access 0% interest small business loans of up to $10k.in partnership with lisc, the Chamber provides grants to small businesses.
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.

Who funds African American Chamber of Commerce of Wisconsin

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Local Initiatives Support CorporationSee Part Iv$60,000
Greater Milwaukee Foundation (GMF)Seed Funding and Operations of Opening A$53,050
Brewers Community FoundationEvent Sponsorship$10,000
...and 1 more grant received

Personnel at African American Chamber of Commerce of Wisconsin

NameTitleCompensation
Nikki PurvisPresident and Chief Executive Officer$33,132
Ossie C KendrikPast Chief Executive Officer$95,981
Warren BulioxBoard$0
Nicosia KingBoard Member$0
Marjorie RuckerVice - Chair$0
...and 8 more key personnel

Financials for African American Chamber of Commerce of Wisconsin

RevenuesFYE 12/2023
Total grants, contributions, etc.$593,824
Program services$20,850
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$27,800
Net gain from sale of non-inventory assets$0
Net income from fundraising events$78,395
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$5,682
Total revenues$726,551

Form 990s for African American Chamber of Commerce of Wisconsin

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-01990View PDF
...and 11 more Form 990s
Data update history
July 23, 2024
Received grants
Identified 2 new grant, including a grant for $53,050 from Greater Milwaukee Foundation (GMF)
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 2 new personnel
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from Brewers Community Foundation Inc Brewers Community Foundation
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsBusiness and community development organizationsCharities
Issues
EducationAfrican AmericansBusiness and industry
Characteristics
Fundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1920 N Martin Luther King JR Driv
Milwaukee, WI 53212
Metro area
Milwaukee-Waukesha, WI
County
Milwaukee County, WI
Website URL
aaccwi.org/ 
Phone
(414) 462-9450
IRS details
EIN
39-1768969
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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