Nonprofit · EIN 39-1768969
AFRICAN AMERICAN CHAMBER OF COMMERCE
Tax-exempt · MILWAUKEE, WI 53212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,041,039 | $1,395,493 | -$354,454 | $2,810,194 | $2,320,512 | $489,682 |
| December 31, 2023 | 990 | $726,551 | $797,865 | -$71,314 | $2,718,446 | $1,874,310 | $844,136 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,031,774
- Membership dues
- $51,550
- Program service revenue
- $0
- Investment income
- $895
- Net rental income
- $27,250
- Net income from fundraising events
- -$20,555
- Other revenue
- $8,370
Expenses
- Grants and similar amounts paid
- $539,603
- Compensation of officers, directors and key employees
- $155,906
- Other salaries and wages
- $194,427
- Salaries, compensation and benefits (total)
- $405,763
- Professional fundraising fees
- $0
- Accounting fees
- $25,900
- Occupancy
- $90,425
- Travel
- $1,738
- Depreciation
- $68,576
- Program services (functional)
- $1,159,841
- Management and general (functional)
- $190,080
- Fundraising (functional)
- $45,572
Balance sheet and other
- Total assets, start of year
- $2,718,446
- Total assets, end of year
- $2,810,194
- Total liabilities, end of year
- $2,320,512
- Net assets, end of year
- $489,682
- Land, buildings and equipment
- $594,055
- Net assets without donor restrictions
- $337,813
- Net assets with donor restrictions
- $151,869
- Gross receipts
- $1,136,029
- Employees
- 6
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NIKKI PURVIS | CEO Officer | 40 | $131,000 | $13,698 |
| WARREN E BULIOX | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARJORIE RUCKER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JULIAN BERRY | SECRETARY Trustee or director | 1 | $0 | $0 |
| MIKAL WESLEY | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| TIFFANY MEANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR LIA KNOX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICHOLAS TREDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT PAZARAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM DECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAQUONDRA SHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEESHA JONES-SUTTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NIKKI PURVIS | CEO Officer | 40 | $98,346 | $32,402 |
| WARREN E BULIOX | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARJORIE RUCKER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JULIAN BERRY | SECRETARY Trustee or director | 1 | $0 | $0 |
| MIKAL WESLEY | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| NICOSIA KING | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| DR DEBORAH ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIFFANY MEANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR LIA KNOX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICHOLAS TREDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT PAZARAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM DECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAQUONDRA SHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEESHA JONES-SUTTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1920 N DR MARTIN LUTHER KING JR DR, MILWAUKEE, WI 53212-3642
- In care of
- % OF WISCONSIN
- Principal officer (990 for 2024)
- NIKKI PURVIS, 1920 N MARTIN LUTHER KING JR DRIVE, MILWAUKEE, WI 53212
- Signed the 990
- NIKKI PURVIS, PRESIDENT & CEO
- Phone
- (414) 462-9450
- Website
- WWW.AACCWI.ORG
- Return prepared by
- RITZ HOLMAN LLP
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.OUR VISION - STRONG AFRICAN AMERICAN OWNED BUSINESSES AND ENTREPRENEURS THAT PROMOTE THE ECONOMIC VIBRANCY OF OUR COMMUNITY BY PROVIDING LIMITLESS OPPORTUNITIES IN THE WORKPLACE.
Program accomplishments
- 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. SOME LOANS ARE FINANCED THROUGH KIVA U.S., 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.Expenses $499,427 · revenue $1,675
- 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 $660,414 · grants $539,603
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1768969
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B95Z)
- Assets (IRS master file)
- $2,810,194
- Income (IRS master file)
- $1,136,029
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,041,039 | $1,395,493 | $2,810,194 | IRS |
| 990 | December 2023 | $726,551 | $797,865 | $2,718,446 | XML |
| 990 | December 2022 | $585,843 | $784,681 | $1,282,855 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1768969).
Questions about AFRICAN AMERICAN CHAMBER OF COMMERCE
- What is the EIN of AFRICAN AMERICAN CHAMBER OF COMMERCE?
- The employer identification number (EIN) of AFRICAN AMERICAN CHAMBER OF COMMERCE is 39-1768969.
- Is AFRICAN AMERICAN CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to AFRICAN AMERICAN CHAMBER OF COMMERCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFRICAN AMERICAN CHAMBER OF COMMERCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AFRICAN AMERICAN CHAMBER OF COMMERCE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFRICAN AMERICAN CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AFRICAN AMERICAN CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names NIKKI PURVIS.
- Who are the officers and directors of AFRICAN AMERICAN CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $131,000 (NIKKI PURVIS, CEO).
- How much revenue does AFRICAN AMERICAN CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,041,039, expenses of $1,395,493 and total assets of $2,810,194 at year end.
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