Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
African American Chamber of Commerce Foundation
EIN 20-3535639 • 501(c)3 • Philadelphia, PA
Profile
The primary purpose of the foundation is to uplift and improve the economic condition of low wealth in minority communities in the region. The foundation will provide tools with which these communities can learn skills, become entrepreneurs and business owners, thereby becoming self- sufficient employees as well as employers who, in turn, will develop opportunities for others in that same community.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
62nd percentile
Higher net margin than 62% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
70th percentile
Faster asset growth than 70% of similar nonprofits.
Revenue Growth
38th percentile
Faster revenue growth than 38% of similar nonprofits.
Balance Sheet
Assets
Up$112,863
Up $12,601 (+13%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Up$112,863
Up $12,601 (+13%) from 2023
Revenue
Down$138,001
Down $23,227 (-14%) from 2023
Expenses
Down$125,400
Down $88,066 (-41%) from 2023
Net Income
Up$12,601
Up $64,839 (+124%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $112,863
- Liabilities
- -
- Net assets
- $112,863
- Revenue
- $138,001
- Expenses
- $125,400
- Net income
- $12,601
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 15, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $138,001
Mission and Program Overview
Mission
The primary purpose of the foundation is to uplift and improve the economic condition of low wealth in minority communities in the region. The foundation will provide tools with which these communities can learn skills, become entrepreneurs and business owners, thereby becoming self- sufficient employees as well as employers who, in turn, will develop opportunities for others in that same community.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE PRIMARY PURPOSE OF THE FOUNDATION IS TO UPLIFT AND IMPROVE THE ECONOMIC CONDITION OF LOW WEALTH IN MINORITY COMMUNITIES IN THE REGION. THE FOUNDATION WILL PROVIDE TOOLS WITH WHICH THESE COMMUNITIES CAN LEARN SKILLS, BECOME ENTREPRENEURS AND BUSINESS OWNERS, THEREBY BECOMING SELF- SUFFICIENT EMPLOYEES AS WELL AS EMPLOYERS WHO, IN TURN, WILL DEVELOP OPPORTUNITIES FOR OTHERS IN THAT SAME COMMUNITY. | $125,400 | $125,400 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| KRISHNA NARINE | Executive Di | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- African American Chamber of
- EIN
- 20-3535639
- Phone
- 2155253593
- Address
- 3020 MARKET STREET STE 520, PHILADELPHIA, PA 19104
Signing Officer
- Name
- Krishna Narine
- Title
- Executive Director
- Phone
- 2157519501
- Signed
- 2025-05-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Jtgoldstein
- Address
- 2200 ARCH ST STE 101, PHILADELPHIA, PA 19103-2136
- Preparer
- William Henderson
- Phone
- 2155253593
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10
“Name: awards and grants cash contribution: 125,400”
Form 990-ez, Part III
“The primary purpose of the foundation is to uplift and improve the economic condition of low wealth in minority communities in the region. The foundation will provide tools with which these communities can learn skills, become entrepreneurs and business owners, thereby becoming self- sufficient employees as well as employers who, in turn, will develop opportunities for others in that same community.”
Form 990-ez, Part III, Line 28
“The primary purpose of the foundation is to uplift and improve the economic condition of low wealth in minority communities in the region. The foundation will provide tools with which these communities can learn skills, become entrepreneurs and business owners, thereby becoming self- sufficient employees as well as employers who, in turn, will develop opportunities for others in that same community.”
Form 990-ez, Part V, Line 34
“In 2024, a transition board began being assembled to update governance and improve financial stability. The transition board began amending, restating, and updating the foundation's bylaws, establishing clear governance structures, defining director and officer roles, and setting the stage for responsibile leadership.”
Raw XML Appendix117 raw XML fields
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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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | KRISHNA NARINE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2155253593 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3020 MARKET STREET STE 520 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | PHILADELPHIA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 19104 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 100262 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 112863 |
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| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 138001 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 12601 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 100262 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 112863 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 125400 |
| IRS990EZ/GrossReceiptsAmt | 0 | 138001 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
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| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 112863 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | KRISHNA NARINE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DI |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PRIMARY PURPOSE OF THE FOUNDATION IS TO UPLIFT AND IMPROVE THE ECONOMIC CONDITION OF LOW WEALTH IN MINORITY COMMUNITIES IN THE REGION. THE FOUNDATION WILL PROVIDE TOOLS WITH WHICH THESE COMMUNITIES CAN LEARN SKILLS, BECOME ENTREPRENEURS AND BUSINESS OWNERS, THEREBY BECOMING SELF- SUFFICIENT EMPLOYEES AS WELL AS EMPLOYERS WHO, IN TURN, WILL DEVELOP OPPORTUNITIES FOR OTHERS IN THAT SAME COMMUNITY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE PRIMARY PURPOSE OF THE FOUNDATION IS TO UPLIFT AND IMPROVE THE ECONOMIC CONDITION OF LOW WEALTH IN MINORITY COMMUNITIES IN THE REGION. THE FOUNDATION WILL PROVIDE TOOLS WITH WHICH THESE COMMUNITIES CAN LEARN SKILLS, BECOME ENTREPRENEURS AND BUSINESS OWNERS, THEREBY BECOMING SELF- SUFFICIENT EMPLOYEES AS WELL AS EMPLOYERS WHO, IN TURN, WILL DEVELOP OPPORTUNITIES FOR OTHERS IN THAT SAME COMMUNITY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 125400 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 125400 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 125400 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 125400 |
| IRS990EZ/TotalRevenueAmt | 0 | 138001 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/CommunityTrustInd | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 138001 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 161228 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 299229 |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 299229 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 138001 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 161228 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 299229 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 299229 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | NAME: AWARDS AND GRANTS CASH CONTRIBUTION: 125,400 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE PRIMARY PURPOSE OF THE FOUNDATION IS TO UPLIFT AND IMPROVE THE ECONOMIC CONDITION OF LOW WEALTH IN MINORITY COMMUNITIES IN THE REGION. THE FOUNDATION WILL PROVIDE TOOLS WITH WHICH THESE COMMUNITIES CAN LEARN SKILLS, BECOME ENTREPRENEURS AND BUSINESS OWNERS, THEREBY BECOMING SELF- SUFFICIENT EMPLOYEES AS WELL AS EMPLOYERS WHO, IN TURN, WILL DEVELOP OPPORTUNITIES FOR OTHERS IN THAT SAME COMMUNITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE PRIMARY PURPOSE OF THE FOUNDATION IS TO UPLIFT AND IMPROVE THE ECONOMIC CONDITION OF LOW WEALTH IN MINORITY COMMUNITIES IN THE REGION. THE FOUNDATION WILL PROVIDE TOOLS WITH WHICH THESE COMMUNITIES CAN LEARN SKILLS, BECOME ENTREPRENEURS AND BUSINESS OWNERS, THEREBY BECOMING SELF- SUFFICIENT EMPLOYEES AS WELL AS EMPLOYERS WHO, IN TURN, WILL DEVELOP OPPORTUNITIES FOR OTHERS IN THAT SAME COMMUNITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | IN 2024, A TRANSITION BOARD BEGAN BEING ASSEMBLED TO UPDATE GOVERNANCE AND IMPROVE FINANCIAL STABILITY. THE TRANSITION BOARD BEGAN AMENDING, RESTATING, AND UPDATING THE FOUNDATION'S BYLAWS, ESTABLISHING CLEAR GOVERNANCE STRUCTURES, DEFINING DIRECTOR AND OFFICER ROLES, AND SETTING THE STAGE FOR RESPONSIBILE LEADERSHIP. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III, LINE 28 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART V, LINE 34 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KRISHNA NARINE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2157519501 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | AFRICAN AMERICAN CHAMBER OF |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | COMMERCE FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | AFRI |
| ReturnHeader/Filer/EIN | 0 | 203535639 |
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| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3020 MARKET STREET STE 520 |
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| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 19104 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 203811563 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | JTGOLDSTEIN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2200 ARCH ST STE 101 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | PHILADELPHIA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 191032136 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2155253593 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WILLIAM HENDERSON |
| ReturnHeader/ReturnTs | 0 | 2025-05-15T22:55:20-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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