Civic Intelligence

Indy Black Chamber of Commerce Inc.

990 • Fiscal year 2020 • EIN 47-3838695

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 14, 2021

Organization Profileindybcc.org
202 East Market Street Room 702Indianapolis, IN 46204

(317) 384-7356

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.14x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

50th percentile

4.9%

Higher net margin than 50% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

85th percentile

$24,480

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

93rd percentile

191%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

164%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$19,287

Up $12,662 (+191%) from 2019

Net Assets

Up

$16,659

Up $15,414 (+1238%) from 2019

Liabilities

Down

$2,628

Down $2,752 (-51%) from 2019

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin50th percentile

Revenue

Up

$243,325

Up $151,174 (+164%) from 2019

Expenses

Up

$231,310

Up $140,404 (+154%) from 2019

Net Income

Up

$12,015

Up $10,770 (+865%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2020

Assets$19,287
Liabilities$2,628
Net Assets$16,659
Open 2020 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$243,325
Expenses$231,310
Net Income$12,015
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 14, 2021
Return Version
2020v4.1
Gross Receipts
$243,325
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.

To advocate and spur the economic development of Black business opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,867$19,034▲ $15,167
Cap Stk Tr Prin Current Funds-$16,659-
Rtn Earn Endowment Incm Other Fnds$6,575--
Accounts Receivable-$-100-
Total Assets$6,575$19,287▲ $12,712
Other Assets Total$2,708$353▼ $2,355
Liabilities
Other Liabilities-$2,628-
Total Liabilities$0$2,628▲ $2,628
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,575$16,659▲ $10,084
Total Liabilities and Net Assets / Fund Balance$6,575$19,287▲ $12,712
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Larry WilliamsPresentPT$24,480$24,480
Anita WilliamsBoard ChairPT$6,300$6,300
Katrina StovallSecretary-$6,300$6,300
George MiddletonTreasurer-$2,700$2,700
Thomas GriffinBoard of Directors-$2,300$2,300

Board Members and Trustees

NameTitle
Andrew CampbellBoard of Directors
Celeste JonesBoard of Directors
Jamie WaltonBoard of Directors
Javaris CarrionBoard of Directors
Regina WarrenBoard of Directors
Shola BoyeBoard of Directors
Whitley YatesBoard of Directors
Revenue and Support

Revenue Composition

Contributions and Grants
$207,270
Program Service Revenue
$4,009
Investment Income
$0
Other Revenue
$32,046
All Other Contributions
$207,270
Change in Net Assets
$12,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$185,913
Salaries, Compensation, and Employee Benefits$45,397
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$46,707
Other Expenses$45,057--$41,785
Other Salaries and Wages---$41,554
Advertising---$8,473
Fees for Services Legal---$6,000
Payroll Taxes---$3,843
Insurance---$3,039
Fees for Services Other---$1,923
Conferences and Meetings---$831
Travel---$8
Total Functional Expenses$45,057$0$0$231,310
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$2,628
Other Current Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Indy Black Chamber of Commerce Inc
EIN
47-3838695
Address
202 East Market Street Room 702, Indianapolis, IN 46204

Signing Officer

Name
Larry Williams
Title
President
Phone
3173847356
Signed
2021-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Williams
Formed
2015
Legal Domicile
In
Voting Board Members
12
Independent Board Members
0
Employees
4

Preparer

Firm
Thomas and Reed
Address
148 East Market Street Suite 300, Indianapolis, IN 46204
Preparer
Stephan A Reed
Phone
3179556933
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Merchant Paypal Fees - 1,007.54”

Form 990, Part IX, Line 11G

“Merchant Square Fees - 258.18”

Form 990, Part IX, Line 11G

“Bank Fees - 650.48”

Form 990, Part IX, Line 11G

“Square Fees - 7.14”

Form 990, Part IX, Line 24E

“Operations - 1,511.97”

Form 990, Part IX, Line 24E

“Printing and Copying - 144.28”

Form 990, Part IX, Line 24E

“Supplies - 3,121.94”

Form 990, Part IX, Line 24E

“Telephone, Telecommunications - 1,677.33”

Form 990, Part IX, Line 24E

“Event Expenses - 28,698.25”

Form 990, Part IX, Line 24E

“Transportation - 1,025.75”

Form 990, Part IX, Line 24E

“Other Tpyes Of Expenses - 8,256.48”

Form 990, Part IX, Line 24E

“Memberships and Dues - 408.87”

Form 990, Part IX, Line 24E

“Other Costs - 0.67”

Form 990, Part IX, Line 24E

“Payroll Expenses - 265”

Form 990, Part IX, Line 24E

“Payroll ExpenseWages - 41,554.45”

Form 990, Part IX, Line 24E

“Travel and Meetings- 1,504.84”

Form 990, Part IX, Line 24E

“Entertainment Meals - 11.00”

Form 990, Part IX, Line 24E

“Miscellaneous Expense - 40.08”

Form 990, Part IX, Line 24E

“Promotional Meals - 38.97”

Form 990, Part IX, Line 24E

“Other Expenditures Reconciliation Discrepancies - 32.00”

Form 990, Part I, Line 8

“Other Income President Investment - 2,596”

Form 990, Part I, Line 8

“Other Income Board Assessment - 150”

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IRS990/ProgSrvcAccomActy2Grp/Desc0IBCC opened a new co-working space called Chamber 465 and it is located at 202 E. Market Street in downtown Indianapolis next to the city market The Plaza. Chamber 465 conducts classes, workshops, and networking events. Chamber 465 helps to structure small businesses and enhance their revenue.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Wealth Building Classes/Workshops Develop business owners from where they are. Create the foundation necessary for those who have a side hustle to have the confidence in their knowledge of business acumen and begin their dream of becoming an entrepreneur.
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt030400
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06575
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0243325
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt092151
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt032604
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt027256
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt011249
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0406585
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0406585
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0243325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt092151
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt032604
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt027256
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt011249
IRS990ScheduleA/Total509Grp/TotalAmt0406585
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0243325
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt092151
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt032604
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt027256
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt011249
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0406585
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02628
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other Current Liabilities
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalLiabilityAmt02628
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Merchant Paypal Fees - 1,007.54
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Merchant Square Fees - 258.18
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Bank Fees - 650.48
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Square Fees - 7.14
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Operations - 1,511.97
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Printing and Copying - 144.28
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Supplies - 3,121.94
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Telephone, Telecommunications - 1,677.33
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Event Expenses - 28,698.25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Transportation - 1,025.75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Other Tpyes Of Expenses - 8,256.48
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Memberships and Dues - 408.87
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Other Costs - 0.67
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Payroll Expenses - 265
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Payroll ExpenseWages - 41,554.45
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Travel and Meetings- 1,504.84
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Entertainment Meals - 11.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Miscellaneous Expense - 40.08
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Promotional Meals - 38.97
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Other Expenditures Reconciliation Discrepancies - 32.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Other Income President Investment - 2,596
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Other Income Board Assessment - 150
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990, Part I, Line 8
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06575
IRS990/TotalAssetsEOYAmt019287
IRS990/TotalAssetsGrp/BOYAmt06575
IRS990/TotalAssetsGrp/EOYAmt019287
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0207270
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045057
IRS990/TotalFunctionalExpensesGrp/TotalAmt0231310
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt02628
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02628
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06575
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016659
IRS990/TotalProgramServiceExpensesAmt045057
IRS990/TotalProgramServiceRevenueAmt04009
IRS990/TotalReportableCompFromOrgAmt042080

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,287
Liabilities
$2,628
Net assets
$16,659
Revenue
$243,325
Expenses
$231,310
Net income
$12,015
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