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Nonprofit · EIN 85-3465384

METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION

Tax-exempt · DETROIT, MI 48226

Financials

$3.3M$2.5M2023$1.9M$2M2024
Revenue Expenses · by fiscal year end
Financials of METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,912,854$1,976,587-$63,733$1,862,959$71,098$1,791,861
December 31, 2023990$3,285,893$2,539,508$746,385$1,961,866$61,845$1,900,021
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,914,122
Membership dues
$227,640
Program service revenue
$132,959
Investment income
$19,795
Net income from fundraising events
-$155,518
Other revenue
-$154,022

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$1,096,209
Salaries, compensation and benefits (total)
$1,262,533
Professional fundraising fees
$0
Legal fees
$750
Accounting fees
$42,602
Occupancy
$87,124
Travel
$13,512
Depreciation
$10,384
Program services (functional)
$1,693,455
Management and general (functional)
$283,132

Balance sheet and other

Total assets, start of year
$1,961,866
Total assets, end of year
$1,862,959
Total liabilities, end of year
$71,098
Net assets, end of year
$1,791,861
Land, buildings and equipment
$196,445
Net assets without donor restrictions
$322,975
Net assets with donor restrictions
$1,468,886
Gross receipts
$2,151,090
Employees
12
Year formed
2020
State of legal domicile
MI

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.

NameTitleHours / weekCompensation
KERRY BUFFINGTONCHAIR
Trustee or director, Officer
2$0
JOSEPH BOWMANVICE CHAIR
Trustee or director, Officer
2$0
JERMAINE RUFFINTREASURER
Trustee or director, Officer
2$0
JAY WILLIAMSSECRETARY
Trustee or director, Officer
2$0
JEHAN CRUMP-GIBSONMEMBER
Trustee or director
1$0
MEAGAN DUNNMEMBER
Trustee or director
1$0
KANDISS ECTONMEMBER
Trustee or director
1$0
RODERICK HARDAMONMEMBER
Trustee or director
1$0
SHAQUILA MYERSMEMBER
Trustee or director
1$0
DONALD RENCHERMEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
CHARITY DEANCEO
Trustee or director, Officer
40$180,000
KAIWAN BOWMANCOO
Officer
40$160,000
KERRY BUFFINGTONCHAIR
Trustee or director, Officer
1$0
DANIELLE NORTHVICE CHAIR
Trustee or director, Officer
1$0
JOSEPH BOWMANTREASURER
Trustee or director, Officer
1$0
LATOYA HENRYSECRETARY
Trustee or director, Officer
1$0
JERMAINE RUFFINDIRECTOR
Trustee or director
1$0
JAY WILLIAMSDIRECTOR
Trustee or director
1$0
DONALD RENCHERDIRECTOR
Trustee or director
1$0
KANDISS ECTONDIRECTOR
Trustee or director
1$0
BRIAN McKINNEYDIRECTOR
Trustee or director
1$0
RODERICK HARDAMONDIRECTOR
Trustee or director
1$0
CHARLES NOLENDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
28 W ADAMS AVE STE 800, DETROIT, MI 48226-1663
Mailing address (990-N for 2020)
1234 WASHINGTON BOULEVARD, DETROIT MI 482261894
Principal officer (990 for 2024)
CHARITY DEAN, 28 W ADAMS AVENUE, DETROIT, MI 48226
Principal officer (990-N for 2020)
CHARITY DEAN, 1234 WASHINGTON BOULEVARD, DETROIT MI 482261894
Signed the 990
CHARITY DEAN, CEO
Phone
(313) 597-0105
Return prepared by
GREGORY TERRELL & COMPANY

Mission

TO DEVELOP PROGRAMS AND ADVOCATE FOR POLICIES THAT RESULT IN PROFITABLE AND SUSTAINABLE BLACK-OWNED BUSINESSES THAT ARE CONNECTED TO PUBLIC AND PRIVATE ECONOMIC OPPORTUNITIES, WHILE BUILDING TRUSTED RELATIONSHIPS.

990 for the year ended December 31, 2024

Program accomplishments

  • Metro Detroit Black Chamber of Commerce Foundation doing business as Michigan Black Business Alliance.
    Expenses $1,693,455

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-3465384
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
Assets (IRS master file)
$1,862,959
Income (IRS master file)
$2,151,090

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,912,854$1,976,587$1,862,959XML
990December 2023$3,285,893$2,539,508$1,961,866XML
990December 2022$1,502,535$391,755$1,253,636IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: CHARITY DEAN
December 31, 2020≤ $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 85-3465384).

Questions about METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION

What is the EIN of METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION?
The employer identification number (EIN) of METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION is 85-3465384.
Is METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION 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 METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION 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 METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION 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 METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION?
The 990 for the year ended December 31, 2024 names CHARITY DEAN.
Who are the officers and directors of METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,912,854, expenses of $1,976,587 and total assets of $1,862,959 at year end.

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