Nonprofit · EIN 80-0483124
US BLACK CHAMBER OF COMMERCE INC
Tax-exempt · WASHINGTON, DC 20038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $3,009,012 | $3,801,180 | -$792,168 | $3,415,418 | $404,194 | $3,011,224 |
| December 31, 2022 | 990 | $3,951,171 | $3,408,120 | $543,051 | $4,170,960 | $365,477 | $3,805,483 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $2,288,411
- Membership dues
- $133,843
- Program service revenue
- $687,601
- Investment income
- $0
- Net rental income
- $33,000
- Other revenue
- $33,000
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,323,365
- Salaries, compensation and benefits (total)
- $1,487,975
- Professional fundraising fees
- $0
- Legal fees
- $6,500
- Accounting fees
- $12,000
- Occupancy
- $100,129
- Travel
- $117,665
- Program services (functional)
- $1,941,929
- Management and general (functional)
- $1,859,251
Balance sheet and other
- Total assets, start of year
- $4,170,960
- Total assets, end of year
- $3,415,418
- Total liabilities, end of year
- $404,194
- Net assets, end of year
- $3,011,224
- Land, buildings and equipment
- $7,469
- Net assets without donor restrictions
- $3,011,224
- Gross receipts
- $3,009,012
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2010
- State of legal domicile
- DC
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Vanderbilt | Director Trustee or director | 2 | $0 |
| Larry Holman | Director Trustee or director | 2 | $0 |
| Veta Jeffrey | Director Trustee or director | 2 | $0 |
| Kelisha Garrett | Director Trustee or director | 2 | $0 |
| Antwanye Ford | Vice Chair Trustee or director, Officer | 2 | $0 |
| Charles O'Neal | Chairman of the Board Trustee or director, Officer | 2 | $0 |
| Bridgett Gagne | Treasurer Trustee or director, Officer | 2 | $0 |
| Aimee Griffin | Secretary Trustee or director, Officer | 2 | $0 |
| Ronald Busby | President and CEO Officer, Highest-paid employee | 60 | $0 |
990 for the year ended December 31, 2022: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Vanderbuilt | Director Trustee or director | 2 | $0 |
| Larry Holman | Director Trustee or director | 2 | $0 |
| Veta Jeffrey | Director Trustee or director | 2 | $0 |
| Kelisha Garrett | Director Trustee or director | 2 | $0 |
| Antwanye Ford | Vice Chair Trustee or director | 2 | $0 |
| Charles O Neal | Chairman of the Board Trustee or director | 2 | $0 |
| Bridgett Gagne | Treasurer Trustee or director | 2 | $0 |
| Aimee Griffin | Secretary Trustee or director | 2 | $0 |
| Ronald Busby | President and CEO Officer, Highest-paid employee | 60 | $0 |
| Talisha Bekavac | Employee Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 27317, WASHINGTON, DC 20038-7317
- In care of
- % BRIDGETT GAGNE
- Principal officer (990 for 2023)
- Ronald Busby, 1001 Connecticut Ave NW, Washington, DC 20036
- Signed the 990
- Ronald Busby, Executive Director
- Phone
- (202) 463-8722
- Return prepared by
- BENFORD BROWN & ASSOCIATES
Mission
The USBC provides committed and visionary leadership and advocacy in the realization of economic empowerment. Through the creation and development of resources and initiatives, the Chamber seeks to support African American Chambers in their work developing Black entreprenuers.
Program accomplishments
- The primary program of the organization is the development of resources and initiatives to support black chambers of commerce and business organizations in their work of developing and growing black enterprises. During the year, we supported more than 100 black chambers of commerces throughout the United States of America.
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0483124
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $3,415,418
- Income (IRS master file)
- $3,009,012
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $3,009,012 | $3,801,180 | $3,415,418 | XML |
| 990 | December 2022 | $3,951,171 | $3,408,120 | $4,170,960 | XML |
| 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 80-0483124).
Questions about US BLACK CHAMBER OF COMMERCE INC
- What is the EIN of US BLACK CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of US BLACK CHAMBER OF COMMERCE INC is 80-0483124.
- Is US BLACK CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2011.
- Are donations to US BLACK CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does US BLACK CHAMBER OF COMMERCE INC 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 US BLACK CHAMBER OF COMMERCE INC 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 US BLACK CHAMBER OF COMMERCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of US BLACK CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2023 names Ronald Busby.
- Who are the officers and directors of US BLACK CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2023 lists 9 people; 0 received compensation from the organization.
- How much revenue does US BLACK CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $3,009,012, expenses of $3,801,180 and total assets of $3,415,418 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Community improvement and capacity building