Nonprofit · EIN 85-2253280
DELAWARE BLACK CHAMBER OF COMMERCE INC
Tax-exempt · WILMINGTON, DE 19801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $886,794 | $545,146 | $341,648 | $624,474 | $81,225 | $543,249 |
| December 31, 2023 | 990 | $479,134 | $463,008 | $16,126 | $208,392 | $6,792 | $201,600 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $829,212
- of which government grants
- $282,000
- Membership dues
- $88,794
- Program service revenue
- $79,650
- Investment income
- $0
- Net income from fundraising events
- -$22,068
- Other revenue
- -$22,068
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $100,000
- Other salaries and wages
- $73,402
- Salaries, compensation and benefits (total)
- $187,755
- Professional fundraising fees
- $0
- Legal fees
- $7,573
- Accounting fees
- $1,833
- Occupancy
- $32,072
- Travel
- $9,865
- Program services (functional)
- $418,375
- Management and general (functional)
- $55,746
- Fundraising (functional)
- $71,025
Balance sheet and other
- Total assets, start of year
- $208,392
- Total assets, end of year
- $624,474
- Total liabilities, end of year
- $81,225
- Net assets, end of year
- $543,249
- Net assets without donor restrictions
- -$104,251
- Net assets with donor restrictions
- $647,500
- Gross receipts
- $927,612
- Employees
- 5
- Volunteers
- 11
- Year formed
- 2021
- State of legal domicile
- DE
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 |
|---|---|---|---|
| AYANNA KHAN | PRESIDENT & CEO Key employee | 40 | $100,000 |
| H ADAM AHMAD | BOARD MEMBER Officer | 2 | $0 |
| BRENNE SHEPPERSON | BOARD MEMBER Officer | 2 | $0 |
| KIM RICE | BOARD MEMBER Officer | 2 | $0 |
| CHAVONYA REDDICK | BOARD MEMBER Officer | 2 | $0 |
| DYRON GREEN | BOARD MEMBER Officer | 2 | $0 |
| CIEMONE SHEPPARD | BOARD MEMBER Officer | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AYANNA KHAN | PRESIDENT & CEO Key employee | 40 | $150,000 |
| MICHELLE TAYLOR | BOARD MEMBER Officer | 2 | $0 |
| KIM RICE | BOARD MEMBER Officer | 2 | $0 |
| H ADAM AHMAD | BOARD MEMBER Officer | 2 | $0 |
| BRENNE SHEPPERSON | BOARD MEMBER Officer | 2 | $0 |
| VANESSA WRIGHT | BOARD MEMBER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1105 N MARKET ST, WILMINGTON, DE 19801-1216
- In care of
- % AYANNA KHAN
- Signed the 990
- AYANNA KHAN, CEO
- Website
- https://debcc.org/
- Return prepared by
- Jeter & Company LLC
Mission
The DEBCC is a 501c3. Our mission is to support the initiatives of Black business owners and foster an enterprise that focuses on success and viability. We endeavor to create awareness and visibility of our efforts at local, state, and federal levels through advocacy.
Program accomplishments
- EnrichDelaware Minorities in Construction, Government Affairs Committee, State of DE Check the Box Initiative, Technical Assistance to assist with funding, Pitch competition, Advertising opportunities for businesses, SCORE and DEBCC black entrepreneurs initiative, Minority Supplier Diversity Program, Second Chance Hiring Initiative, SBA and DEBCC Access to Capital Series, Community Navigator.Expenses $418,375
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
- 85-2253280
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $624,474
- Income (IRS master file)
- $927,612
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $886,794 | $545,146 | $624,474 | XML |
| 990 | December 2023 | $479,134 | $463,008 | $208,392 | XML |
| 990 | December 2022 | $313,033 | $395,903 | $182,072 | IRS |
| 990 | December 2021 | $488,667 | $267,240 | $264,247 | 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 85-2253280).
Questions about DELAWARE BLACK CHAMBER OF COMMERCE INC
- What is the EIN of DELAWARE BLACK CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of DELAWARE BLACK CHAMBER OF COMMERCE INC is 85-2253280.
- Is DELAWARE BLACK CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to DELAWARE BLACK CHAMBER OF COMMERCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DELAWARE 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 DELAWARE 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 DELAWARE 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 2024.
- Who are the officers and directors of DELAWARE BLACK CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $100,000 (AYANNA KHAN, PRESIDENT & CEO).
- How much revenue does DELAWARE BLACK CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $886,794, expenses of $545,146 and total assets of $624,474 at year end.
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All nonprofits in WILMINGTON · Delaware · Community improvement and capacity building