Nonprofit · EIN 06-1820423
AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC
Tax-exempt (reinstated) · TRENTON, NJ 08168
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,466,239 | $4,207,073 | -$740,834 | $3,858,850 | $2,609,558 | $1,249,292 |
| December 31, 2023 | 990 | $5,226,123 | $4,863,104 | $363,019 | $3,277,018 | $1,286,892 | $1,990,126 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,476,740
- of which government grants
- $700,932
- Membership dues
- $1,061,925
- Program service revenue
- $989,499
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $352,581
- Other salaries and wages
- $1,158,098
- Salaries, compensation and benefits (total)
- $1,665,921
- Professional fundraising fees
- $0
- Legal fees
- $2,803
- Accounting fees
- $50,300
- Depreciation
- $55,260
- Program services (functional)
- $3,662,543
- Management and general (functional)
- $544,530
Balance sheet and other
- Total assets, start of year
- $3,277,018
- Total assets, end of year
- $3,858,850
- Total liabilities, end of year
- $2,609,558
- Net assets, end of year
- $1,249,292
- Land, buildings and equipment
- $272,424
- Net assets without donor restrictions
- $1,249,292
- Gross receipts
- $3,466,239
- Employees
- 8
- Volunteers
- 12
- Year formed
- 2007
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John E Harmon | President/Chief Executive Officer Officer, Key employee, Highest-paid employee | 50 | $352,581 |
| R Stanley Prater | Chairman Trustee or director | 4 | $0 |
| Erik Larsen | Director/ AACCNJ Foundation Board Trustee or director | 2 | $0 |
| Marcus Dyer Esq | Director/Treasurer Trustee or director | 5 | $0 |
| Robert Warrington Esq | Vice Chairman Trustee or director | 5 | $0 |
| Rachael Ankrah -Fosu | Director Trustee or director | 2 | $0 |
| Faye Coleman | Director Trustee or director | 2 | $0 |
| Robert L Johnson | Director Trustee or director | 2 | $0 |
| Hosea Johnson | Director/Emeritus Board Member Trustee or director | 2 | $0 |
| Raymond K Jones | Director Trustee or director | 2 | $0 |
| Kim Lemon | Director Trustee or director | 2 | $0 |
| Gary Mann | Director Trustee or director | 2 | $0 |
| Funke Olayinka MD | Director Trustee or director | 2 | $0 |
| Alton Shaw | Director Trustee or director | 2 | $0 |
| Tammeisha D Smith | Director | – | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Will Smith | Director | – | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John E Harmon | President/Chief Executive Officer Officer, Key employee, Highest-paid employee | 50 | $329,981 |
| R Stanley Prater | Chairman Trustee or director | 4 | $0 |
| Erik Larsen | Director/ AACCNJ Foundation Board Trustee or director | 2 | $0 |
| Marcus Dyer Esq | Director/Treasurer Trustee or director | 5 | $0 |
| Robert Warrington Esq | Vice Chairman Trustee or director | 5 | $0 |
| Rachael Ankrah -Fosu | Director Trustee or director | 2 | $0 |
| Faye Coleman | Director Trustee or director | 2 | $0 |
| Robert L Johnson | Director Trustee or director | 2 | $0 |
| Hosea Johnson | Director/Emeritus Board Member Trustee or director | 2 | $0 |
| Raymond K Jones | Director Trustee or director | 2 | $0 |
| Kim Lemon | Director Trustee or director | 2 | $0 |
| Gary Mann | Director Trustee or director | 2 | $0 |
| Funke Olayinka MD | Director Trustee or director | 2 | $0 |
| Alton Shaw | Director Trustee or director | 2 | $0 |
| Tammeisha D Smith | Director | – | $0 |
| Will Smith | Director | – | $0 |
Address and contacts
- Address (IRS master file)
- OF COMMERCE 379 WEST STATE STREET, TRENTON, NJ 08168-0000
- In care of
- % JOHN HARMON
- Mailing address (990-N for 2009)
- 110 West State Street, Suite 2B, Trenton NJ 08608
- Principal officer (990 for 2024)
- John E Harmon Sr, 379 West State Street, Trenton, NJ 08618
- Principal officer (990-N for 2009)
- John E Harmon Sr, 110 West State Street, Suite 2B, Trenton NJ 08608
- Signed the 990
- John E Harmon Sr, President/Chief Executive Officer
- Phone
- (609) 751-1620
- Website
- www.aaccnj.com
- Return prepared by
- Femi Amorin & Associates CPA
Mission
African-American Chamber of Commerce of New Jersey(AACCNJ is dedicated to economically empowering and sustaining African-American communities through entrepreneurship and capitalistic activities within the State of New Jersey and interaction with the National Black Chamber of Commerce, Inc (NBCC)
Program accomplishments
- The AACCNJ Training & Development Insitute: The AACCNJ Instutite offers workshops, mentoring , coaching and technical assistance through its Mobile Academy at churches, communuity centers, schools and other venue throughpout New Jersey with particular focus on inititives that elevateBlacks and black-ownwd businesses in in the construction, travels, tourism, clean ebergy and other burgoening indiustries.Expenses $844,140
- Received grant for upskilling through a work force innovation and Opportunity Act set Aside provided by US Department of Labor.Expenses $512,753
- Received grant from NJ Community Loan Fund to explore the possibility of establshing a micro lending institition to serve minority owned businessExpenses $118,419
- Conducted various events to provide educational, networking and procurement opportunities for Black minority owned businesses throughout the State of of New Jersey.Expenses $2,187,231
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1820423
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $3,858,850
- Income (IRS master file)
- $3,466,239
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- July 13, 2011
- Reinstated
- Effective August 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,466,239 | $4,207,073 | $3,858,850 | XML |
| 990 | December 2023 | $5,226,123 | $4,863,104 | $3,277,018 | XML |
| 990 | December 2022 | $3,067,074 | $2,830,963 | $2,861,249 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: John E Harmon Sr | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1820423).
Questions about AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC
- What is the EIN of AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC?
- The employer identification number (EIN) of AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC is 06-1820423.
- Is AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective August 15, 2011.
- Are donations to AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC?
- The 990 for the year ended December 31, 2024 names John E Harmon Sr.
- Who are the officers and directors of AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $352,581 (John E Harmon, President/Chief Executive Officer).
- How much revenue does AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,466,239, expenses of $4,207,073 and total assets of $3,858,850 at year end.
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