Civic Intelligence

Madison Black Chamber of Commerce

EIN 20-2877968 • 501(c)6 • Madison, WI

Profile

The madison black chamber of commerce (mbcc) empowers the greater madison community by growing and sustaining black owned businesses through education, advocacy and developing black wealth to promote the power and impact of black owned businesses.

2222 S Park Street 200Madison, WI 53713

www.madisonblackchamber.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.34x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.39x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

56th percentile

6.1%

Higher net margin than 56% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$135,000

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

15th percentile

-9.4%

Faster asset growth than 15% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-34%

Faster revenue growth than 4% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,199,548

Down $124,547 (-9.4%) from 2023

Liabilities

Down

$408,407

Down $189,495 (-32%) from 2023

Net Assets

Up

$791,141

Up $64,948 (+8.9%) from 2023

Revenue

Down

$1,057,141

Down $540,355 (-34%) from 2023

Expenses

Down

$992,193

Down $163,696 (-14%) from 2023

Net Income

Down

$64,948

Down $376,659 (-85%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2016: $28,912Liabilities 2016: $13,2252016Assets 2017: $62,917Liabilities 2017: $40,0012017Assets 2018: $39,419Liabilities 2018: $12,5002018Assets 2019: $60,271Liabilities 2019: $34,177Net Assets 2019: $26,0942019Assets 2020: $60,666Net Assets 2020: $60,6662020Assets 2021: $214,416Liabilities 2021: $10,577Net Assets 2021: $203,8392021Assets 2022: $299,032Liabilities 2022: $35,243Net Assets 2022: $263,7892022Assets 2023: $1,324,095Liabilities 2023: $597,902Net Assets 2023: $726,1932023Assets 2024: $1,199,548Liabilities 2024: $408,407Net Assets 2024: $791,1412024

Highlighted filing

2024

Assets$1,199,548
Liabilities$408,407
Net Assets$791,141

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2016: $47,880Expenses 2016: $41,162Net Income 2016: $6,7182016Revenue 2017: $73,594Expenses 2017: $65,940Net Income 2017: $7,6542017Revenue 2018: $93,224Expenses 2018: $89,221Net Income 2018: $4,0032018Revenue 2019: $90,455Expenses 2019: $91,280Net Income 2019: -$8252019Revenue 2020: $151,624Expenses 2020: $117,052Net Income 2020: $34,5722020Revenue 2021: $295,604Expenses 2021: $152,431Net Income 2021: $143,1732021Revenue 2022: $306,646Expenses 2022: $247,746Net Income 2022: $58,9002022Revenue 2023: $1,597,496Expenses 2023: $1,155,889Net Income 2023: $441,6072023Revenue 2024: $1,057,141Expenses 2024: $992,193Net Income 2024: $64,9482024

Highlighted filing

2024

Revenue$1,057,141
Expenses$992,193
Net Income$64,948

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.0
Gross Receipts
$1,108,221
Mission and Program Overview

Mission

The Madison Black Chamber of Commerce (MBCC) empowers the greater Madison community by growing and sustaining Black owned businesses through education, advocacy and developing Black wealth to promote the power and impact of Black owned businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$744,484-
Land, Buildings, and Equipment, Net$222,376$197,586▼ $24,790
Accounts Receivable$195,653$120,245▼ $75,408
Cash and Non-Interest-Bearing Accounts$278,715$12,467▼ $266,248
Savings and Temporary Cash Investments$513,664$1,079▼ $512,585
Total Assets$1,324,095$1,199,548▼ $124,547
Other Assets Total$113,687$123,687▲ $10,000
Liabilities
Accounts Payable and Accrued Expenses$509,929$243,777▼ $266,152
Other Liabilities$83,630$164,630▲ $81,000
Deferred Revenue$4,343--
Total Liabilities$597,902$408,407▼ $189,495
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$726,193$791,141▲ $64,948
Total Net Assets Fund Balance$726,193$791,141▲ $64,948
Total Liabilities and Net Assets / Fund Balance$1,324,095$1,199,548▼ $124,547

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$149,333$10,667$160,000
Other Land Buildings$48,253$22,361$70,614
Other Assets Org$17,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Camille CarterPresidentFT$135,000$135,000

Board Members and Trustees

NameTitle
Kartez RowellDirector
Martin Lackey SrDirector
Jermaine ButlerSecretary
Corinda Rainey-mooreTreasurer
Andrew MckinnyVice Preside
Claude GilmoreVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,031,338
Program Service Revenue
$14,858
Investment Income
$5,649
Other Revenue
$5,296
All Other Contributions
$10,050
Change in Net Assets
$64,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$517,143
Salaries, Compensation, and Employee Benefits$473,550
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$244,200--$244,200
Fees for Services Other$234,599--$234,599
Other Salaries and Wages$176,526--$176,526
Fees for Services Accounting$33,393--$33,393
Payroll Taxes$33,327--$33,327
Advertising$28,856--$28,856
Office Expenses$28,558--$28,558
Occupancy$26,669--$26,669
Depreciation Depletion$24,790--$24,790
Travel$20,032--$20,032
Other Employee Benefits$19,497--$19,497
All Other Expenses$19,137--$19,137
Other Expenses$13,506--$13,506
Information Technology$10,822--$10,822
Conferences and Meetings$4,460--$4,460
Insurance$3,306--$3,306
Grants to Domestic Individuals$1,500--$1,500
Interest$137--$137
Total Functional Expenses$992,193$0$0$992,193
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$55,574
Fundraising Direct Expenses$51,080
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Black Gala$55,574$55,574$14,036$41,538
Total Events$55,574$55,574$51,080$4,494
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Obligation- Long Term$83,630
Line of Credit$81,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Mbcc has two membership levels: advantage and elite. Advantage members have access to networking opportunities, business services, directory listing, and member discounts. Elite members enjoy all the benefits of advantage members, as well as exclusive industry offers, enhanced directory listing, and job postings.

Form 990, Page 6, Part VI, Line 11B

Submitted to and approved by the finance committee.

Form 990, Page 6, Part VI, Line 12C

Staff and board members are covered under the conflict of interest policy. The executive committee reviews actual conflicts and makes the determinations of whether a conflict exists. If conflicts exists, the person with the conflict of interest is recused from decision making.

Form 990, Page 6, Part VI, Line 15A

Yes, we engaged sustainablehr peo to conduct independent salary band analysis for the ceo/president and the director of operations.

Form 990, Page 6, Part VI, Line 15B

Yes, we engaged sustainablehr peo to conduct independent salary band analysis for the ceo/president and the director of operations.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Madison Black Chamber of Commerce
EIN
20-2877968
Phone
6087291238
Address
2222 S PARK STREET 200, MADISON, WI 53713

Signing Officer

Name
Camille Carter
Title
President
Phone
6087291238
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Camille Carter
Formed
2005
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
6
Employees
6
Volunteers
60

Preparer

Firm
Cascade CPA
Address
421 WATER STREET 111, PRAIRIE DU SAC, WI 53578
Preparer
Julie Miller
Phone
6086440206
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The madison black chamber of commerce (mbcc) empowers the greater madison community by growing and sustaining black owned businesses through education, advocacy and developing black wealth to promote the power and impact of black owned businesses.

Form 990, Part IX, Line 11G

Contract services 224,953 0 0 payroll processing 9,646 0 0 total 234,599 0 0

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Mbcc maintains a bank account and credit card processing terminal, utilized by the culture collectives in madison, wi in order to process credit card sales for the culture collectives pop-up shops. The culture collectives program provides opportunities for historically underrepresented business owners to set up a temporary pop-up retail shop in downtown madison.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYSalariesCompEmpBnftPaidAmt0355918
IRS990/PYTotalExpensesAmt01155889
IRS990/PYTotalRevenueAmt01597496
IRS990/ReconcilationRevenueExpnssAmt064948
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0513664
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01079
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010667
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0160000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0106687
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt117000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ROU- LEASE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MEMBER LOANS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt048253
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022361
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt070614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt083630
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt181000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE OBLIGATION- LONG TERM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MBCC MAINTAINS A BANK ACCOUNT AND CREDIT CARD PROCESSING TERMINAL, UTILIZED BY THE CULTURE COLLECTIVES IN MADISON, WI IN ORDER TO PROCESS CREDIT CARD SALES FOR THE CULTURE COLLECTIVES POP-UP SHOPS. THE CULTURE COLLECTIVES PROGRAM PROVIDES OPPORTUNITIES FOR HISTORICALLY UNDERREPRESENTED BUSINESS OWNERS TO SET UP A TEMPORARY POP-UP RETAIL SHOP IN DOWNTOWN MADISON.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0197586
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0123687
IRS990ScheduleD/TotalLiabilityAmt0164630
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt051080
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt07440
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt07440
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BLACK GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt014976
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt014976
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt055574
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt055574
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt055574
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt055574
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt04494
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014036
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014036
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt014628
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt014628
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MADISON BLACK CHAMBER OF COMMERCE (MBCC) EMPOWERS THE GREATER MADISON COMMUNITY BY GROWING AND SUSTAINING BLACK OWNED BUSINESSES THROUGH EDUCATION, ADVOCACY AND DEVELOPING BLACK WEALTH TO PROMOTE THE POWER AND IMPACT OF BLACK OWNED BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MBCC HAS TWO MEMBERSHIP LEVELS: ADVANTAGE AND ELITE. ADVANTAGE MEMBERS HAVE ACCESS TO NETWORKING OPPORTUNITIES, BUSINESS SERVICES, DIRECTORY LISTING, AND MEMBER DISCOUNTS. ELITE MEMBERS ENJOY ALL THE BENEFITS OF ADVANTAGE MEMBERS, AS WELL AS EXCLUSIVE INDUSTRY OFFERS, ENHANCED DIRECTORY LISTING, AND JOB POSTINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUBMITTED TO AND APPROVED BY THE FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3STAFF AND BOARD MEMBERS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE EXECUTIVE COMMITTEE REVIEWS ACTUAL CONFLICTS AND MAKES THE DETERMINATIONS OF WHETHER A CONFLICT EXISTS. IF CONFLICTS EXISTS, THE PERSON WITH THE CONFLICT OF INTEREST IS RECUSED FROM DECISION MAKING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4YES, WE ENGAGED SUSTAINABLEHR PEO TO CONDUCT INDEPENDENT SALARY BAND ANALYSIS FOR THE CEO/PRESIDENT AND THE DIRECTOR OF OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5YES, WE ENGAGED SUSTAINABLEHR PEO TO CONDUCT INDEPENDENT SALARY BAND ANALYSIS FOR THE CEO/PRESIDENT AND THE DIRECTOR OF OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONTRACT SERVICES 224,953 0 0 PAYROLL PROCESSING 9,646 0 0 TOTAL 234,599 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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IRS990/TotalAssetsGrp/EOYAmt01199548
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0992193
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IRS990/USAddress/AddressLine1Txt02222 S PARK ST 200
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0WI
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IRS990/WebsiteAddressTxt0WWW.MADISONBLACKCHAMBER.COM
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAMILLE CARTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06087291238
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON BLACK CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0202877968
ReturnHeader/Filer/PhoneNum06087291238
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ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0372123844
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CASCADE CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0421 WATER STREET 111
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PRAIRIE DU SAC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053578
ReturnHeader/PreparerPersonGrp/PhoneNum06086440206
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE MILLER
ReturnHeader/ReturnTs02025-11-17T13:47:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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