Civic Intelligence

Indy Black Chamber of Commerce Inc

EIN 47-3838695 • 501(c)3 • Indianapolis, IN

Profile

To serve as a comprehensive resource for developing Black and Minority owned businesses, by providing business education, financing, and access to capital opportunities.

2126 N Meridian St STE 230Indianapolis, IN 46202

indybcc.org

Siviq Scores

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

Liabilities / Assets

58th percentile

0.04x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.04x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

56th percentile

7.4%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$106,591

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

54th percentile

4.9%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

38%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$904,384

Up $42,014 (+4.9%) from 2023

Liabilities

Down

$35,475

Down $1,104 (-3.0%) from 2023

Net Assets

Up

$868,909

Up $43,118 (+5.2%) from 2023

Operations
Liabilities / Revenue59th percentileNet Margin56th percentile

Revenue

Up

$931,064

Up $257,312 (+38%) from 2023

Expenses

Up

$862,445

Up $247,329 (+40%) from 2023

Net Income

Up

$68,619

Up $9,983 (+17%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth54th percentile

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

$1.0M$500K$0Assets 2019: $6,625Liabilities 2019: $5,380Net Assets 2019: $1,2452019Assets 2020: $19,287Liabilities 2020: $2,628Net Assets 2020: $16,6592020Assets 2021: $442,174Liabilities 2021: $200,000Net Assets 2021: $242,1742021Assets 2022: $784,594Liabilities 2022: $209,879Net Assets 2022: $574,7152022Assets 2023: $862,370Liabilities 2023: $36,579Net Assets 2023: $825,7912023Assets 2024: $904,384Liabilities 2024: $35,475Net Assets 2024: $868,9092024

Highlighted filing

2024

Assets$904,384
Liabilities$35,475
Net Assets$868,909
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

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

$1.0M$500K$0Revenue 2019: $92,151Expenses 2019: $90,906Net Income 2019: $1,2452019Revenue 2020: $243,325Expenses 2020: $231,310Net Income 2020: $12,0152020Revenue 2021: $493,697Expenses 2021: $272,113Net Income 2021: $221,5842021Revenue 2022: $789,345Expenses 2022: $448,276Net Income 2022: $341,0692022Revenue 2023: $673,752Expenses 2023: $615,116Net Income 2023: $58,6362023Revenue 2024: $931,064Expenses 2024: $862,445Net Income 2024: $68,6192024

Highlighted filing

2024

Revenue$931,064
Expenses$862,445
Net Income$68,619
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$904,384
Liabilities
$35,475
Net assets
$868,909
Revenue
$931,064
Expenses
$862,445
Net income
$68,619
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.04$0.35$8.69$9.31$8.62$0.69
2023Detailed filing. Detailed filing data is available for this year.$8.62$0.37$8.26$6.74$6.15$0.59
2022Detailed filing. Detailed filing data is available for this year.$7.85$2.10$5.75$7.89$4.48$3.41
2021Detailed filing. Detailed filing data is available for this year.$4.42$2.00$2.42$4.94$2.72$2.22
2020Detailed filing. Detailed filing data is available for this year.$0.19$0.03$0.17$2.43$2.31$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.07$0.05$0.01$0.92$0.91$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.1
Gross Receipts
$931,064
Mission and Program Overview

Mission

To serve as a comprehensive resource for developing Black and Minority owned businesses, by providing business education, financing, and access to capital opportunities.

Our mission is to serve as a comprehensive resource for developing Black and Minorityowned businesses

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$717,790$774,504▲ $56,714
Other Notes and Loans Receivable, Net$118,025$100,000▼ $18,025
Land, Buildings, and Equipment, Net$22,555$22,555→ $0
Receivables From Officers Etc$4,000$4,000→ $0
Pledges and Grants Receivable-$3,325-
Total Assets$862,370$904,384▲ $42,014
Liabilities
Other Liabilities$36,529$35,425▼ $1,104
Accounts Payable and Accrued Expenses$50$50→ $0
Total Liabilities$36,579$35,475▼ $1,104
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$825,791$619,051▼ $206,740
Net Assets With Donor Restrictions-$249,858-
Total Net Assets Fund Balance$825,791$868,909▲ $43,118
Total Liabilities and Net Assets / Fund Balance$862,370$904,384▲ $42,014

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,555--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Larry WilliamsCoFounderFT$106,591$106,591
Anita WilliamsCoFounderFT$51,450$51,450

Board Members and Trustees

NameTitle
Celeste JonesBoard Vice CoChair
Thomas GriffinBoard Vice CoChair
Courtney BrookinsBoard Member
Darrick JonesBoard Member
Gary NaylorBoard Member
Jamie WaltonBoard Member
Regina WarrenBoard Member
Renea GatesBoard Member
Whitley YatesBoard Member
Katrina StovalBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$916,986
Program Service Revenue
$0
Investment Income
$14,078
Other Revenue
$0
All Other Contributions
$786,071
Change in Net Assets
$68,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$457,011
Salaries, Compensation, and Employee Benefits$405,434
Total Fundraising Expense$10,767
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$346,739$28,375-$375,114
Payroll Taxes$28,198$2,122-$30,320
Fees for Services Accounting$13,984$5,993-$19,977
Information Technology$10,823$4,638-$15,461
Occupancy-$10,757-$10,757
Office Expenses-$8,099-$8,099
Insurance$3,979$1,705-$5,684
Advertising$2,226--$2,226
Fees for Services Legal$903$387-$1,290
Other Expenses$346,539$1,274$10,767$1,274
Fees for Services Management$646--$646
Total Functional Expenses$754,037$97,641$10,767$862,445
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$31,405$31,405$8,767$22,638
Total Events$31,405$31,405$10,767$20,638
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Rowley Security FirmRelated party contractorLegal services and event facilitatorNo$9,548

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$4,000$4,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
SBA Loan$32,411
Payroll Liabilites$3,014
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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

Part VI Line 2

“Larry Williams is the son of an Co-Founder. Dyann Williams is the sister of”

Part VI Line 2

“Larry Williams”

Part VI Line 11B

“990 is provided to the board via email.”

Part VI Line 12C

“Board review policy annually and documents know conflicts of”

Part VI Line 12C

“interest to ensure compliance with policy requirements.”

Part VI Line 15A or B

“Independent board members assessed position against market”

Part VI Line 15A or B

“requirements in developing wage and salary requirements.”

Part VI Line 19

“Upon Request, via em”

Filing and Contact Details

Filer

Filer Name
Indy Black Chamber of Commerce Inc
EIN
47-3838695
In Care Of
% Greg Hicks
Phone
8334394222
Address
2126 N Meridian St STE 230, Indianapolis, IN 46202

Signing Officer

Name
Greg Hicks
Title
CFO
Phone
3174071042
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Williams Jr
Formed
2015
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
8

Preparer

Firm
Crystal D Allen
Address
5719 Lawton Loop E Dr, Suite 202, Indianapolis, IN 46216
Preparer
Crystal D Allen
Phone
3172254378
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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/OtherSalariesAndWagesGrp/TotalAmt0375114
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0118025
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0100000
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02122
IRS990/PayrollTaxesGrp/ProgramServicesAmt028198
IRS990/PayrollTaxesGrp/TotalAmt030320
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03325
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IRS990/PrincipalOfficerNm0Larry Williams Jr
IRS990/PriorPeriodAdjustmentsAmt0-25501
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Micro Enterprise Navigator Program: provided assistance to 70 micro business owners who were classified as LMI with business coaching and resource navigation services to help them scale and develop within their business.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt082754
IRS990/ProgSrvcAccomActy2Grp/GrantAmt059022
IRS990/ProgSrvcAccomActy3Grp/Desc0In partnership with LISC Indianapolis, a recipient of the City of Indianapolis ARPA funding grant, IBCC was selected to serve as the Technical Assistance (TA) Hub to provide technical assistance services at a large scale to small business owners, with a special focus on low income business owners from and in historically underserved communities with the objective to consolidate and grow their existing businesses.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0118034
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYOtherExpensesAmt0365858
IRS990/PYRevenuesLessExpensesAmt058636
IRS990/PYSalariesCompEmpBnftPaidAmt0249258
IRS990/PYTotalExpensesAmt0615116
IRS990/PYTotalRevenueAmt0673752
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt04000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt04000
IRS990/ReconcilationRevenueExpnssAmt068619
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05585
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0931117
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0673752
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0789345
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0495697
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0243325
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03133236
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportPY509Pct01.00000
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0673752
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0789345
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0495697
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0243325
IRS990ScheduleA/Total509Grp/TotalAmt03133236
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0931117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0673752
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0789345
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0495697
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0243325
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03133236
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt022555
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03014
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt132411
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilites
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SBA Loan
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022555
IRS990ScheduleD/TotalLiabilityAmt035425
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010767
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Gala
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt031405
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031405
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08767
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ROWLEY SECURITY FIRM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Related party contractor
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt09548
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Legal services and event facilitator
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt04000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0LARRY WILLIAMS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Son of Co-Founder
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Larry Williams is the son of an Co-Founder. Dyann Williams is the sister of
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Larry Williams
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 is provided to the board via email.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board review policy annually and documents know conflicts of
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4interest to ensure compliance with policy requirements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Independent board members assessed position against market
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6requirements in developing wage and salary requirements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Upon Request, via em
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part VI Line 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0862370
IRS990/TotalAssetsEOYAmt0904384
IRS990/TotalAssetsGrp/BOYAmt0862370
IRS990/TotalAssetsGrp/EOYAmt0904384
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0916986
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010767
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097641
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0754037
IRS990/TotalFunctionalExpensesGrp/TotalAmt0862445
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036579
IRS990/TotalLiabilitiesEOYAmt035475
IRS990/TotalLiabilitiesGrp/BOYAmt036579

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