Civic Intelligence

Us Black Chambers Inc

990 • Fiscal year 2014 • EIN 80-0483124

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 15, 2015

Organization Profilewww.usblackchamber.org

View Organization Page

1156 15th Street NW Room 1100Washington, DC 20005

(202) 552-2954

Siviq Scores

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

Liabilities / Assets

99th percentile

2.32x

Higher debt load relative to assets than 99% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

86th percentile

0.45x

Higher debt load relative to revenue than 86% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Net Margin

40th percentile

1.0%

Higher net margin than 40% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

95th percentile

$200,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 30.9% of source-year revenue.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Asset Growth

77th percentile

16%

Faster asset growth than 77% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

13th percentile

-11%

Faster revenue growth than 13% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$124,155

Up $17,495 (+16%) from 2013

Net Assets

Up

-$163,644

Up $6,394 (+3.8%) from 2013

Liabilities

Up

$287,799

Up $11,101 (+4.0%) from 2013

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin40th percentile

Revenue

Down

$646,295

Down $78,058 (-11%) from 2013

Expenses

Up

$639,901

Up $53,870 (+9.2%) from 2013

Net Income

Down

$6,394

Down $131,928 (-95%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $16,016Liabilities 2010: $9,300Net Assets 2010: $6,7162010Assets 2011: $26,232Liabilities 2011: $12,950Net Assets 2011: $13,2822011Assets 2012: $32,073Liabilities 2012: $340,605Net Assets 2012: -$308,5322012Assets 2013: $106,660Liabilities 2013: $276,698Net Assets 2013: -$170,0382013Assets 2014: $124,155Liabilities 2014: $287,799Net Assets 2014: -$163,6442014Assets 2015: $180,833Liabilities 2015: $264,149Net Assets 2015: -$83,3162015Assets 2016: $161,326Liabilities 2016: $266,249Net Assets 2016: -$104,9232016Assets 2017: $231,465Liabilities 2017: $112,505Net Assets 2017: $118,9602017Assets 2018: $385,035Liabilities 2018: $300,977Net Assets 2018: $84,0582018Assets 2019: $883,792Liabilities 2019: $595,443Net Assets 2019: $288,3492019Assets 2020: $1,250,574Liabilities 2020: $261,693Net Assets 2020: $988,8812020Assets 2021: $3,451,463Liabilities 2021: $365,139Net Assets 2021: $3,086,3242021Assets 2022: $4,170,960Liabilities 2022: $365,477Net Assets 2022: $3,805,4832022Assets 2023: $3,415,418Liabilities 2023: $404,194Net Assets 2023: $3,011,2242023

Highlighted filing

2014

Assets$124,155
Liabilities$287,799
Net Assets-$163,644
Open 2014 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $172,850Expenses 2010: $166,134Net Income 2010: $6,7162010Expenses 2011: $372,0772011Expenses 2012: $855,7752012Revenue 2013: $724,353Expenses 2013: $586,031Net Income 2013: $138,3222013Revenue 2014: $646,295Expenses 2014: $639,901Net Income 2014: $6,3942014Revenue 2015: $979,132Expenses 2015: $900,279Net Income 2015: $78,8532015Revenue 2016: $1,270,072Expenses 2016: $1,291,678Net Income 2016: -$21,6062016Revenue 2017: $1,280,436Expenses 2017: $1,066,573Net Income 2017: $213,8632017Revenue 2018: $977,494Expenses 2018: $1,014,187Net Income 2018: -$36,6932018Revenue 2019: $1,802,931Expenses 2019: $1,737,418Net Income 2019: $65,5132019Revenue 2020: $2,127,078Expenses 2020: $1,448,966Net Income 2020: $678,1122020Revenue 2021: $4,255,742Expenses 2021: $2,158,299Net Income 2021: $2,097,4432021Revenue 2022: $3,951,171Expenses 2022: $3,408,120Net Income 2022: $543,0512022Revenue 2023: $3,009,012Expenses 2023: $3,801,180Net Income 2023: -$792,1682023

Highlighted filing

2014

Revenue$646,295
Expenses$639,901
Net Income$6,394
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 15, 2015
Return Version
2014v5.0
Gross Receipts
$646,295
Mission and Program Overview

Mission

The USBC provides committed and visionary leadership and advocacy in the realization of economic empowerment . Through the creation and development of resources and initiatives, the Chamber seeks to support African American Chambers of Commerce in their work of developing black entrepreneurs.

The USBC provides committed and visionary leadership and advocacy in the realization of economic empowerment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,910$63,541▲ $57,631
Accounts Receivable$100,750$59,675▼ $41,075
Rtn Earn Endowment Incm Other Fnds$-170,038$-163,644▲ $6,394
Total Assets$106,660$124,155▲ $17,495
Other Assets Total-$939-
Liabilities
Accounts Payable and Accrued Expenses$276,698$287,799▲ $11,101
Total Liabilities$276,698$287,799▲ $11,101
Net Assets / Fund Balance
Total Net Assets Fund Balance$-170,038$-163,644▲ $6,394
Total Liabilities and Net Assets / Fund Balance$106,660$124,155▲ $17,495
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
Aubry StoneBoard Chairman
Ronald BusbyPresident
Aimee GriffinDirector
Antwayne FordDirector
Charles O'NealDirector
Jim WyattDirector
Kerwin BrownDirector
Larry HolmanDirector
Robin DouglasDirector
Sean RuglessDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$422,060
Program Service Revenue
$224,235
Investment Income
$0
Other Revenue
$0
All Other Contributions
$408,600
Change in Net Assets
$6,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$349,950
Other Expenses$289,951
Total Fundraising Expense$22,457
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$206,253$95,194$15,866$317,313
Travel$36,872$1,743$435$39,050
Office Expenses$22,489$5,695$1,424$29,608
Other Expenses$5,549$28,250$310$28,250
Fees for Services Accounting$7,046$15,267$1,174$23,487
Payroll Taxes$14,720$6,794$1,132$22,646
Fees for Services Other$10,278$10,126$844$21,248
Advertising$17,588$1,835$459$19,882
Other Employee Benefits$6,494$2,997$500$9,991
Fees for Services Legal$1,500$3,250$250$5,000
All Other Expenses$2,000$513-$2,513
Fees for Services Management$375$812$63$1,250
Total Functional Expenses$443,683$173,761$22,457$639,901
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
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 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
No
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, Part VI, Section B, Line 11B

“The organization engages an independent, CPA firm to prepare the Federal Form 990. After the firm prepares the draft 990, it is provided to the management and board for their review. Any review points or suggested changes are forwarded to the CPA firm for discussion and final updates. When all updates are confirmed and approved, the Federal Form 990 is finalized and electronically filed by the regulated deadlines.”

Form 990, Part VI, Section C, Line 19

“The organizations corporate, financial, and governing documents are made available upon written request to the management of the US Black Chambers. The documents are maintained at the main offfices of the organization.”

Form 990, Part VI, Section B, Line 15A

“The Chairman of the Board reviews the activities of the President. As part of this review, the Chairman meets with the President to discuss compensation. Compensated is reviewed in conjunction with the annual operating budget. If the budget is capable of supporting an increase in President compensation, a compensation proposal is prepared and considered for approval.”

Filing and Contact Details

Filer

Filer Name
US Black Chambers Inc
EIN
80-0483124
Phone
2025522954
Address
1156 15th Street NW Room 1100, Washington, DC 20005

Signing Officer

Name
Ronald Busbt
Title
President
Signed
2015-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Busby
Formed
2010
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
10
Employees
3

Preparer

Firm
David A Lopez and Co
Address
215 S Broad Street 3rd Fl, Philadelphia, PA 19107
Preparer
David Lopez
Phone
2157321940
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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/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0224235
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-170038
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-163644
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/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Ronald Busby
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization engages an independent, CPA firm to prepare the Federal Form 990. After the firm prepares the draft 990, it is provided to the management and board for their review. Any review points or suggested changes are forwarded to the CPA firm for discussion and final updates. When all updates are confirmed and approved, the Federal Form 990 is finalized and electronically filed by the regulated deadlines.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organizations corporate, financial, and governing documents are made available upon written request to the management of the US Black Chambers. The documents are maintained at the main offfices of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Chairman of the Board reviews the activities of the President. As part of this review, the Chairman meets with the President to discuss compensation. Compensated is reviewed in conjunction with the annual operating budget. If the budget is capable of supporting an increase in President compensation, a compensation proposal is prepared and considered for approval.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0106660
IRS990/TotalAssetsEOYAmt0124155
IRS990/TotalAssetsGrp/BOYAmt0106660
IRS990/TotalAssetsGrp/EOYAmt0124155
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0422060
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022457
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0173761
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0443683
IRS990/TotalFunctionalExpensesGrp/TotalAmt0639901
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0276698
IRS990/TotalLiabilitiesEOYAmt0287799
IRS990/TotalLiabilitiesGrp/BOYAmt0276698
IRS990/TotalLiabilitiesGrp/EOYAmt0287799
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-170038
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-163644
IRS990/TotalProgramServiceExpensesAmt0443683
IRS990/TotalProgramServiceRevenueAmt0224235
IRS990/TotalReportableCompFromOrgAmt0200000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0224235
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0646295
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0106660
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0124155
IRS990/TravelGrp/FundraisingAmt0435
IRS990/TravelGrp/ManagementAndGeneralAmt01743
IRS990/TravelGrp/ProgramServicesAmt036872
IRS990/TravelGrp/TotalAmt039050
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01156 15th Street NW
IRS990/USAddress/CityNm0Washington
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020005
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.usblackchamber.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ronald Busbt
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0US Black Chambers Inc
ReturnHeader/Filer/BusinessNameControlTxt0USBL
ReturnHeader/Filer/EIN0800483124
ReturnHeader/Filer/PhoneNum02025522954
ReturnHeader/Filer/USAddress/AddressLine1Txt01156 15th Street NW Room 1100
ReturnHeader/Filer/USAddress/CityNm0Washington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020005
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0David A Lopez and Co
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0215 S Broad Street 3rd Fl
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Philadelphia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019107
ReturnHeader/PreparerPersonGrp/PhoneNum02157321940
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Lopez
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-11-16T06:50:17-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$124,155
Liabilities
$287,799
Net assets
-$163,644
Revenue
$646,295
Expenses
$639,901
Net income
$6,394
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$3.42$0.40$3.01$3.01$3.80$0.79
2022Detailed filing. Detailed filing data is available for this year.$4.17$0.37$3.81$3.95$3.41$0.54
2021Detailed filing. Detailed filing data is available for this year.$3.45$0.37$3.09$4.26$2.16$2.10
2020Detailed filing. Detailed filing data is available for this year.$1.25$0.26$0.99$2.13$1.45$0.68
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.60$0.29$1.80$1.74$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.30$0.08$0.98$1.01$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.23$0.11$0.12$1.28$1.07$0.21
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.27$0.10$1.27$1.29$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.18$0.26$0.08$0.98$0.90$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.29$0.16$0.65$0.64$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.11$0.28$0.17$0.72$0.59$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.34$0.31$0.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.01$0.01$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.01$0.01$0.17$0.17$0.01