Civic Intelligence

Us Black Chambers Inc

990 • Fiscal year 2020 • EIN 80-0483124

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

Organization Profilewww.usblackchamber.org

View Organization Page

1001 Connecticut Ave NW STE 504Washington, DC 20036

(202) 463-8722

Siviq Scores

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

Liabilities / Assets

59th percentile

0.21x

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

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

39th percentile

0.12x

Higher debt load relative to revenue than 39% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

91st percentile

32%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

97th percentile

$493,447

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 23.2% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

92nd percentile

42%

Faster asset growth than 92% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

18%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$1,250,574

Up $366,782 (+42%) from 2019

Net Assets

Up

$988,881

Up $700,532 (+243%) from 2019

Liabilities

Down

$261,693

Down $333,750 (-56%) from 2019

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin91st percentile

Revenue

Up

$2,127,078

Up $324,147 (+18%) from 2019

Expenses

Down

$1,448,966

Down $288,452 (-17%) from 2019

Net Income

Up

$678,112

Up $612,599 (+935%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2020

Assets$1,250,574
Liabilities$261,693
Net Assets$988,881
Open 2020 Filing

Operations Trend

Revenue Growth91st 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

2020

Revenue$2,127,078
Expenses$1,448,966
Net Income$678,112
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$2,127,078
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 relalization of economic empowerment. Through the creation and development of resources and initiatives, the Chamber seeks to support African American Chambers in their work developing Black entreprenuers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$76,811$631,976▲ $555,165
Accounts Receivable$216,062$387,014▲ $170,952
Other Notes and Loans Receivable, Net$570,246$210,911▼ $359,335
Land, Buildings, and Equipment, Net$5,592$5,592→ $0
Total Assets$883,792$1,250,574▲ $366,782
Other Assets Total$15,081$15,081→ $0
Liabilities
Unsecured Notes Loans Payable$288,735$169,000▼ $119,735
Accounts Payable and Accrued Expenses$306,708$92,693▼ $214,015
Total Liabilities$595,443$261,693▼ $333,750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$288,349$988,881▲ $700,532
Total Net Assets Fund Balance$288,349$988,881▲ $700,532
Total Liabilities and Net Assets / Fund Balance$883,792$1,250,574▲ $366,782

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,592--
Other Assets Org$15,081--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ronald BusbyPresident and CEOFT$493,447$493,447
Talisha BekavacEmployee-$165,000$165,000

Board Members and Trustees

NameTitle
Charles O NealChairman of the Board
Antwanye FordVice Chair
Kelisha GarrettDirector
Larry HolmanDirector
Susan VanderbuiltDirector
Veta JeffreyDirector
Aimee GriffinSecretary
Bridgett GagneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,909,056
Program Service Revenue
$218,022
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,607,498
Change in Net Assets
$678,112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$828,960
Other Expenses$620,006
Total Fundraising Expense$58,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$621,720$58,278$41,448$721,446
Office Expenses$75,586$20,156$5,039$100,781
Other Employee Benefits-$70,987-$70,987
Payroll Taxes-$36,527-$36,527
Fees for Services Accounting-$13,250-$13,250
Travel$7,379$415-$7,794
Other Expenses$300$6,486$6,088$6,786
Advertising$1,181$4,169-$5,350
All Other Expenses-$4,227-$4,227
Fees for Services Legal-$-6-$-6
Total Functional Expenses$1,053,433$336,748$58,785$1,448,966
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
Subject to proxy tax
No
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
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 governing body review Part VI line 11

“The organization utilizes the services of an independent, CPA firm to prepare and file the Federal Form 990. The firm prepares an initial draft of the return and provides it to the entire Board of Directors for review and comment.After the return is reviewed and all questions and comments are addressed, the firm preparesthe final 990 and provides it to the Board Treasurer and President for finalapproval. Upon final approval, the return is filed with the Internal Revenue Service.”

CEO executive director top management comp Part VI line 15A

“The Chairman of the Board reviews and monitors the activities of the President/CEO. As part of this review process, the Board chair meets with the President to discuss compensation. Annual compensation is determined during the annual operating budget preparation process. Any change in compensation is presented in a formalized compensation packet for Board approval.”

Governing documents etc available to public Part VI line 19

“The organizational documents and Federal Form 990 are maintained in the primary offices of the Chamber. These documents are available for public examination upon formal written request.”

Filing and Contact Details

Filer

Filer Name
US Black Chambers Inc
EIN
80-0483124
Address
1001 Connecticut Ave NW STE 504, Washington, DC 20036

Signing Officer

Name
Ronald Busby
Title
President
Phone
2025522954
Signed
2021-11-09
Discuss with paid preparer
No

Organization Details

Principal Officer
Ronald Busby
Formed
2010
Legal Domicile
Dc
Voting Board Members
9
Independent Board Members
8
Employees
3

Preparer

Firm
Benford Brown and Associates LLC
Address
8334 S Stony Island Ave, Chicago, IL 60617
Preparer
Marcus Gulley
Phone
7737311300
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Other expenses represent other consulting fees.”

Raw XML Appendix388 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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1165000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Ronald Busby
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Talisha Bekavac
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President and CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Employee
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization utilizes the services of an independent, CPA firm to prepare and file the Federal Form 990. The firm prepares an initial draft of the return and provides it to the entire Board of Directors for review and comment.After the return is reviewed and all questions and comments are addressed, the firm preparesthe final 990 and provides it to the Board Treasurer and President for finalapproval. Upon final approval, the return is filed with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Chairman of the Board reviews and monitors the activities of the President/CEO. As part of this review process, the Board chair meets with the President to discuss compensation. Annual compensation is determined during the annual operating budget preparation process. Any change in compensation is presented in a formalized compensation packet for Board approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organizational documents and Federal Form 990 are maintained in the primary offices of the Chamber. These documents are available for public examination upon formal written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Other expenses represent other consulting fees.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
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IRS990/WebsiteAddressTxt0www.usblackchamber.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Ronald Busby
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02025522954
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0US Black Chambers Inc
ReturnHeader/Filer/BusinessNameControlTxt0USBL
ReturnHeader/Filer/EIN0800483124
ReturnHeader/Filer/USAddress/AddressLine1Txt01001 Connecticut Ave NW STE 504
ReturnHeader/Filer/USAddress/CityNm0Washington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020036
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364124699
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Benford Brown and Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08334 S Stony Island Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060617
ReturnHeader/PreparerPersonGrp/PhoneNum07737311300
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Marcus Gulley
ReturnHeader/ReturnTs02021-11-15T16:45:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Ronald
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Busby
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,250,574
Liabilities
$261,693
Net assets
$988,881
Revenue
$2,127,078
Expenses
$1,448,966
Net income
$678,112
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