Nonprofit · EIN 20-2877968
MADISON BLACK CHAMBER OF COMMERCE
Tax-exempt · MADISON, WI 53713
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,057,141 | $992,193 | $64,948 | $1,199,548 | $408,407 | $791,141 |
| December 31, 2023 | 990 | $1,597,496 | $1,155,889 | $441,607 | $1,324,095 | $597,902 | $726,193 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,031,338
- of which government grants
- $994,596
- Membership dues
- $26,692
- Program service revenue
- $14,858
- Investment income
- $5,649
- Net income from fundraising events
- $4,494
- Net income from sales of inventory
- $500
- Other revenue
- $5,296
Expenses
- Grants and similar amounts paid
- $1,500
- Compensation of officers, directors and key employees
- $244,200
- Other salaries and wages
- $176,526
- Salaries, compensation and benefits (total)
- $473,550
- Professional fundraising fees
- $0
- Accounting fees
- $33,393
- Occupancy
- $26,669
- Travel
- $20,032
- Depreciation
- $24,790
- Program services (functional)
- $992,193
Balance sheet and other
- Total assets, start of year
- $1,324,095
- Total assets, end of year
- $1,199,548
- Total liabilities, end of year
- $408,407
- Net assets, end of year
- $791,141
- Land, buildings and equipment
- $197,586
- Net assets without donor restrictions
- $791,141
- Gross receipts
- $1,108,221
- Employees
- 6
- Volunteers
- 60
- Year formed
- 2005
- State of legal domicile
- WI
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 |
|---|---|---|---|
| CAMILLE CARTER | PRESIDENT Trustee or director, Officer | 60 | $135,000 |
| ANDREW MCKINNY | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| CORINDA RAINEY-MOORE | TREASURER Trustee or director, Officer | 2 | $0 |
| JERMAINE BUTLER | SECRETARY Trustee or director, Officer | 2 | $0 |
| CLAUDE GILMORE | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| MARTIN LACKEY SR | DIRECTOR Trustee or director | 2 | $0 |
| KARTEZ ROWELL | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAMILLE CARTER | PRESIDENT Trustee or director, Officer | 60 | $109,181 |
| JERMAINE BUTLER | SECRETARY Trustee or director, Officer | 2 | $0 |
| CLAUDE GILMORE | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| CORINDA RAINEY-MOORE | TREASURER Trustee or director, Officer | 2 | $0 |
| KARTEZ ROWELL | DIRECTOR Trustee or director | 2 | $0 |
| MARTIN LACKEY SR | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2222 S PARK ST STE 200, MADISON, WI 53713-2168
- In care of
- % JOSEPH ROY
- Principal officer (990 for 2024)
- CAMILLE CARTER, 2222 S PARK ST 200, MADISON, WI 53713
- Signed the 990
- CAMILLE CARTER, PRESIDENT
- Phone
- (608) 729-1238
- Website
- WWW.MADISONBLACKCHAMBER.COM
- Return prepared by
- CASCADE CPA
Mission
THE MADISON BLACK CHAMBER OF COMMERCE (MBCC) EMPOWERS THE GREATER MADISON COMMUNITY BY GROWING AND SUSTAINING BLACK OWNED BUSINESSES THROUGH EDUCATION, ADVOCACY AND DEVELOPING BLACK WEALTH TO PROMOTE THE POWER AND IMPACT OF BLACK OWNED BUSINESSES.
Program accomplishments
- IN ADDITION TO PROVIDING TECHNICAL ASSISTANCE AND SUPPORT SERVICES TO BLACK-OWNED BUSINESSES THROUGH INFORMATION SESSIONS, TRAININGS, CLINICS, AND WORKSHOPS, MBCC NAVIGATED BUSINESSES TO RESOURCES, PARTNERS, AND FUNDING OPPORTUNITIES, AS WELL AS CREATED MARKETS AND NETWORKING OPPORTUNITIES FOR BLACK BUSINESS OWNERS.
- MBCC, IN COLLABORATION WITH THE CITY OF MADISON, JD MCCORMICK PROPERTIES, HMONG WISCONSIN CHAMBER OF COMMERCE, AND THE LATINO CHAMBER OF COMMERCE OF DANE COUNTY, SUPPORTED THE CULTURE COLLECTIVES PROGRAM. THE CULTURE COLLECTIVES PROGRAM PROVIDES OPPORTUNITIES FOR HISTORICALLY UNDERREPRESENTED BUSINESS OWNERS TO SET UP A TEMPORARY POP-UP RETAIL SHOP IN DOWNTOWN MADISON.
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
- 20-2877968
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,199,548
- Income (IRS master file)
- $1,108,221
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,057,141 | $992,193 | $1,199,548 | XML |
| 990 | December 2023 | $1,597,496 | $1,155,889 | $1,324,095 | XML |
| 990 | December 2022 | $306,646 | $247,746 | $299,032 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
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 20-2877968).
Questions about MADISON BLACK CHAMBER OF COMMERCE
- What is the EIN of MADISON BLACK CHAMBER OF COMMERCE?
- The employer identification number (EIN) of MADISON BLACK CHAMBER OF COMMERCE is 20-2877968.
- Is MADISON BLACK CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2019.
- Are donations to MADISON BLACK CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MADISON BLACK CHAMBER OF COMMERCE 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 MADISON BLACK CHAMBER OF COMMERCE 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 MADISON BLACK CHAMBER OF COMMERCE 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 MADISON BLACK CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names CAMILLE CARTER.
- Who are the officers and directors of MADISON BLACK CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $135,000 (CAMILLE CARTER, PRESIDENT).
- How much revenue does MADISON BLACK CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,057,141, expenses of $992,193 and total assets of $1,199,548 at year end.
Other nonprofits in MADISON
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- MADISON DEVELOPMENT CORPORATION EIN 39-1277471 · last filed 990 for 2025
- WBD INC EIN 39-1400466 · last filed 990 for 2025
- VALENCY FUND INC EIN 33-1948235 · last filed 990 for 2024
- COMMON WEALTH DEVELOPMENT INC EIN 39-1323500 · last filed 990 for 2024
- CENTER FOR COMMUNITY STEWARDSHIP INC EIN 68-0501459 · last filed 990 for 2024
- FORWARD COMMUNITY INVESTMENTS INC EIN 39-1815578 · last filed 990 for 2024
- WISCONSIN INFRASTRUCTURE INVESTMENT NOW INC EIN 47-2123771 · last filed 990 for 2025
All nonprofits in MADISON · Wisconsin · Community improvement and capacity building