Nonprofit · EIN 51-0177821
ABILENE BLACK CHAMBER OF COMMERCE
Tax-exempt · ABILENE, TX 79601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $88,987 | $104,984 | -$15,997 | $67,674 | $0 | $67,674 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $85,549
- Membership dues
- $2,930
- Program service revenue
- $0
- Investment income
- $508
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $56,800
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $90,162
- Occupancy
- $3,600
- Printing, publications and postage
- $398
- Other expenses
- $10,824
Balance sheet and other
- Total assets, start of year
- $83,671
- Total assets, end of year
- $67,674
- Total liabilities, end of year
- $0
- Net assets, end of year
- $67,674
- Cash, savings and investments
- $67,674
- Gross receipts
- $88,987
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Falade | Treasurer/ Grant Finance Officer | 10 | $23,200 |
| Linda Gray | Consultant | 10 | $14,400 |
| Delores Moore | President/Grant Administrative Officer | 20 | $12,000 |
| Andre Gwinn Sr | Board Member/Grant Marketing & Social Media Consultant | 10 | $3,700 |
| Willie Ford | Board Member / Caterer | 0.5 | $2,000 |
| Floyd Miller | Vice President / Grant Podcast Production | 1.5 | $1,500 |
| Anthony Williams | President Elect | 0 | $0 |
| Revd Iziar Landkford | Board Member | 0 | $0 |
| Leon Petty | Board Member | 0 | $0 |
| Dr Terrenia Fitts | Board Member | 0 | $0 |
| Elliot Kirk | Board Member | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 401 CYPRESS ST STE 420, ABILENE, TX 79601-5147
- Mailing address (990-N for 2024)
- 401 Cypress Street Ste 420, Abilene TX 79601
- Principal officer (990-N for 2024)
- Paul Falade, 401 Cypress Street Ste 420, Abilene TX 79601
- Signed the 990-EZ
- Paul Falade, Treasurer
- Phone
- (325) 672-7950
Mission
Networking Promoting the interests of small businesses and creating connections. Scholarships Increasing educational opportunities for the children in our community. Events Promoting awareness and preservation of Black heritage. Training Assisting in developing basic business and management skills. Development - Organize and implement programs to improve economic conditions. Legislation - Fostering representation on major issues of public policy to better our community.
Program accomplishments
- The Small Business Administration announced a grant opportunity-the COMMUNITY NAVIGATOR PILOT PROGRAM-in May 2021 with the goal of bringing business support to underserved entrepreneurs. It was designed to reduce barriers to accessing critical resources for small businesses-with the focus on microenterprises, cooperatives, and businesses in the early stages of development-owned by women, socially and economically disadvantaged, and underserved entrepreneurs. The program was part of the American Rescue Plan initiative which aimed to provide assistance during economic recovery. The Abilene Chamber of Commerce was one of 51 grantees nationwide, and one of two organizations in Texas to receive the funding; the project was for 24 months. Through the Hub & Spoke model, the Abilene chamber serves as the program "hub" connecting businesses to "spokes"-who help connect to specific sectors of the entrepreneurial community. The Abilene Black Chamber of Commerce, a non-profit volunteer organization, was selected as one of the spokes. The Abilene Black Chamber of Commerce (ABCC) brought on a diversity outreach consultant to assist with mentoring, training, outreach and assisting with initial contacts for information and assistance. The first contact was from Deydra Williams the owner of Pink Cap Warriors. Our consultant spent over 40 hours mentoring to help them prepare their certificate of formation, open a bank account, get their 501c3 and register at Sam.gov to apply for grants. They provide supplies to breast cancer patients. Deydra attended our free training sessions as well We were later notified that we could not utilize project resources to provide counseling services to any not organized for profit business unless they devote a significant portion of their activities to assisting entrepreneurs. We still consider our work with this business a success story. ABCC was contacted by faith-based organizations, Churches who wanted information to help them grow their outreach services in childcare, affordable housing projects, job skills training and food pantry. A relationship with PNC bank was formed. They sponsored our annual meeting which brought the collective of West Texas Navigator supporters, banks, SBA District Director, and businesses together. ABCC provided mentoring sessions to an African Business group made up of physicians, lawyers, pharmacists, and entrepreneurs. Our outreach consultant provided assistance, information and met with anyone who contacted us about starting a business or what the CNPP entailed and offered. During the entire grant period ABCC participated in consortium meetings with other Spokes, shared information, and upcoming trainings. ABCC offered training sessions via in person or virtual on Grant Writing 101, The Basics of Digital Business Marketing in 2023, Networking, Understanding Generations in the Workforce and TMAC. Our outreach consultant partnered with another Spoke in the presentation of: Start a Business, Become a Consultant and Seed Funding Discussion.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 51-0177821
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: Paul Falade | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $88,987 | $104,984 | $67,674 | XML |
| 990-N for 2022 Officer: Paul Falade | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Paul Falade | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Paul Falade | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 51-0177821).
Questions about ABILENE BLACK CHAMBER OF COMMERCE
- What is the EIN of ABILENE BLACK CHAMBER OF COMMERCE?
- The employer identification number (EIN) of ABILENE BLACK CHAMBER OF COMMERCE is 51-0177821.
- Is ABILENE BLACK CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1976.
- Are donations to ABILENE BLACK CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ABILENE BLACK CHAMBER OF COMMERCE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ABILENE BLACK 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 ABILENE BLACK CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
- Who is the principal officer of ABILENE BLACK CHAMBER OF COMMERCE?
- The 990-N for 2024 names Paul Falade.
- Who are the officers and directors of ABILENE BLACK CHAMBER OF COMMERCE?
- The 990-EZ for the year ended December 31, 2023 lists 11 people; 6 received compensation from the organization, the highest $23,200 (Paul Falade, Treasurer/ Grant Finance Officer).
- How much revenue does ABILENE BLACK CHAMBER OF COMMERCE have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $88,987, expenses of $104,984 and total assets of $67,674 at year end.
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