Nonprofit · EIN 83-2191054
BLACK CHAMBER OF COMMERCE OF NEW MEXICO
Tax-exempt · ALBUQUERQUE, NM 87102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $534,752 | $421,982 | $112,770 | $622,514 | $387,522 | $234,992 |
| December 31, 2023 | 990-PF | $484,175 | $634,469 | -$150,294 | $126,895 | $3,647 | $123,248 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $297,715
- of which government grants
- $2,935
- Membership dues
- $38,205
- Program service revenue
- $192,647
- Investment income
- $1,549
- Net income from fundraising events
- $42,716
- Other revenue
- $42,841
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,000
- Other salaries and wages
- $10,327
- Salaries, compensation and benefits (total)
- $85,327
- Professional fundraising fees
- $0
- Legal fees
- $123
- Accounting fees
- $41,128
- Occupancy
- $12,200
- Travel
- $23,364
- Program services (functional)
- $155,840
- Management and general (functional)
- $266,142
Balance sheet and other
- Total assets, start of year
- $126,895
- Total assets, end of year
- $622,514
- Total liabilities, end of year
- $387,522
- Net assets, end of year
- $234,992
- Net assets without donor restrictions
- $234,992
- Gross receipts
- $578,766
- Employees
- 1
- Year formed
- 2019
- State of legal domicile
- NM
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 |
|---|---|---|---|
| KARLA CAUSEY | CEO/PRESIDEN Trustee or director, Officer | 60 | $75,000 |
| CHAD COOPER | CHAIR Trustee or director, Officer | 1 | $0 |
| TANA TAYLOR | CHAIR ELECT Trustee or director, Officer | 1 | $0 |
| DAN WILKINSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| DAVID HICKS | TREASURER Trustee or director, Officer | 1 | $0 |
| MARJORIE GERMAIN | DIRECTOR Trustee or director | 1 | $0 |
| BYRON ROSS | DIRECTOR Trustee or director | 1 | $0 |
| DAR JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| KENNY THOMAS | DIRECTOR Trustee or director | 1 | $0 |
| DR SHELDON JORDAN | DIRECTOR Trustee or director | 1 | $0 |
| SHAINA SAINT-LOT | DIRECTOR Trustee or director | 1 | $0 |
| ERIC EGGINS | DIRECTOR Trustee or director | 1 | $0 |
| CLARENCE SMITH | DIRECTOR Trustee or director | 1 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAD COOPERL 3150 CARLISLE BLVD NE, SUITE 103, ALBUQUERQUE, NM 871101655 | CHAIR | 2 | $0 |
| TANA TRAYLOR 3150 CARLISLE BLVD NE, SUITE 103, ALBUQUERQUE, NM 871101655 | CHAIR ELECT | 0 | $0 |
| DAN WILKINSON 3150 CARLISLE BLVD NE, SUITE 103, ALBUQUERQUE, NM 871101655 | SECRETARY | 0 | $0 |
| DAVID HICKS 3150 CARLISLE BLVD NE, SUITE 103, ALBUQUERQUE, NM 871101655 | TREASURER | 0 | $0 |
| MARJORIE GERMAINE 6150 CARLISLE BLVD NE, SUITE 111, ALBUQUERQUE, NM 871101655 | DIRECTOR | 0 | $0 |
| DAR JOHNSON 3150 CARLISLE BLVD NE, SUITE 103, ALBUQUERQUE, NM 871101655 | DIRECTOR | 0 | $0 |
| KENNY THOMAS 3150 CARLISLE BLVD NE, SUITE 111, ALBUQUERQUE, NM 871101655 | DIRECTOR | 0 | $0 |
| SHELDON JORDAN 3150 CARLISLE BLVD NE, SUITE 103, ALBUQUERQUE, NM 871101655 | DIRECTOR | 0 | $0 |
| BRYAN ROSS 3150 CARLISLE, SUITE 103, ALBUQUERQUE, NM 871101689 | DIRECTOR | 0 | $0 |
| SHAINA SAINT-LOT 3150 CARLISE BLVD NE, SUITE 103, ALBUQUERQUE, NM 871101689 | DIRECTOR | 0 | $0 |
| KARLA CAUSEY 3150 CARLISLE NE, SUITE 111, ALBUQUERQUE, NM 87110 | PRESIDENT/CE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 4TH ST SW STE A, ALBUQUERQUE, NM 87102-4184
- In care of
- % AAGACC
- Principal officer (990 for 2024)
- KARLA CAUSEY, 700 4TH STREET SW, SUITE A, ALBUQUERQUE, NM 87102
- Signed the 990
- KARLA CAUSEY, CEO/PRESIDENT
- Phone
- (505) 340-2773
- Website
- BCCOFNM.ORG
- Return prepared by
- WATERS & COMPANY LLC
Mission
OUR PURPOSE IS TO PROMOTE SUSTAINABLE ECONOMIC GROWTH AND EMPOWERMENT WITHIN THE BLACK-OWNED BUSINESS COMMUNITY. WE ARE COMMITTED TO ACHIEVING THIS BY FOCUSING ON FOUR KEY PILLARS: EDUCATION, ADVOCACY, MENTORSHIP, AND NETWORKING. THROUGH EDUCATION, WE STRIVE TO EQUIP BLACK-OWNED BUSINESSES WITH THE KNOWLEDGE, SKILLS, AND RESOURCES NECESSARY TO THRIVE IN A COMPETITIVE MARKETPLACE. BY PROVIDING ACCESS TO EDUCATIONAL PROGRAMS, WORKSHOPS, AND SEMINARS, WE AIM TO EMPOWER ENTREPRENEURS WITH VALUABLE INSIGHTS, INDUSTRY TRENDS, AND BEST PRACTICES. ADVOCACY LIES AT THE HEART OF OUR MISSION. WE ADVOCATE FOR THE INTERESTS AND NEEDS OF BLACK-OWNED BUSINESSES AT VARIOUS LEVELS, ENGAGING WITH POLICYMAKERS, ORGANIZATIONS, AND STAKEHOLDERS TO DRIVE MEANINGFUL CHANGE. BY CHAMPIONING INCLUSIVE POLICIES, FOSTERING AN EQUITABLE BUSINESS ENVIRONMENT, AND ADDRESSING SYSTEMIC BARRIERS, WE AIM TO CREATE A MORE LEVEL PLAYING FIELD FOR BLACK ENTREPRENEURS. MENTORSHIP PLAYS A CRUCIAL ROLE IN OUR APPROACH. WE BEL
Program accomplishments
- 2024 CHAMBER HIGHLIGHTS THE BLACK CHAMBER OF COMMERCE OF NEW MEXICO EMBARKED UPON ANOTHER STELLAR YEAR AND CONTINUED TO PROVIDE EXCEPTIONAL SERVICES TO UNDERSERVED, UNDER- ENGAGED, UNDER-RESOURCED LOW- AND MODERATE-INCOME ENTREPRENEURS AND SMALL BUSINESSES THROUGHOUT THE ENTIRE STATE OF NEW MEXICO, THE CHAMBER ENHANCED THE SMALL BUSINESS SUCCESS PROGRAM (TECHNICAL ASSISTANCE) TO ALLOW MEMBERS TO SPECIFY ADDITIONAL CATEGORIES NEEDED FOR THEIR BUSINESS SUCCESS. SMALL BUSINESS MEMBERS RECEIVE TECHNICAL ASSISTANCE AT NO EXTRA CHARGE, WHICH INCLUDES SERVICES SUCH AS BUSINESS PLAN DEVELOPMENT, HELP WITH GOVERNMENT CERTIFICATIONS, GRANT WRITING, AND FUNDING FOR TRADEMARL<S FOR FIVE (5) MEMBER BUSINESSES, AMONG OTHER BENEFITS. ADDITIONALLY, WE INSTITUTED THE CHARACTER-BASED CROSBY MICRO LOAN PROGRAM WHERE WE LOAN BETWEEN 250 - 10,000 TO QUALIFIED MEMBERS WITHOUT PULLING A CREDIT REPORT BUT ENSURING THEY CAN REPAY AT 5% FIXED INTEREST AND WITHOUT A PRE-PAYMENT PENALTY. NUSENDA FEDERAL CREDIT UNION POWERS THESE LOANS. WE INITIATED THE VACCINE EQUITY AND HEALTH PROGRAM AND HOSTED WORKSHOPS IN CLOVIS, ROSWELL, CARLSBAD, AND VARIOUS LOCATIONS IN ALBUQUERQUE. LOCAL MEDICAL PROFESSIONALS FACILITATED THE WORKSHOPS AND RECEIVED MODEST COMPENSATION FOR SHARING THEIR EXPERTISE IN LOCAL MARKETS. THE NEW MEXICO DEPARTMENT OF HEALTH ACCOMPANIED THE CHAMBER AND PROVIDE FREE VACCINATIONS AT THE VARIOUS LOCATIONS. THE CHAMBER BEGAN OFFERING GRANTS THROUGHOUT ALBUQUERQUE RANGING FROM 2000 TO 5000 ACROSS THREE-TIERS. THE GRANT PROGRAM OPENS THE FIRST MONTH OF EVERY QUARTER AND THE REQUIREMENTS WERE BASIC BUSINESS REQUIREMENTS NEEDED FOR SUCCESS AND FOR THE ABILITY FOR THEM TO BE PREPARED TO SUCCESSFULLY APPLY FOR OTHER GRANTS (E.G. HAVE A BUSINESS PLAN, MAINTAIN A BUSINESS BANK ACCOUNT, BE UP TO DATE ON TAX FILINGS, AND SIMILAR REQUIREMENTS). FINALLY, WE LAUNCHED THE HERB CROSBY MEMORIAL SCHOLARSHIP FUND AVAILABLE TO HIGH SCHOOL SENIORS ATTENDING HIGHER EDUCATION (INCLUDING CERTIFICATE PROGRAMS) WITHIN NEW MEXICO OR ATTENDING AN HISTORICALLY BLACK COLLEGE OR UNIVERSITY (HBCU). THE CHAMBER CONTINUES TO BE AGILE, FLEXIBLE, AND DURABLE, AND MULTI-FACETED AND WE ARE REENERGIZED AND REMAIN STEADFAST IN THE DEVELOPMENT AND SUSTAINABILITY OF ECONOMIC GROWTH THROUGHOUT NEW MEXICO.Expenses $155,840 · revenue $192,647
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-PF on file |
IRS record
- EIN
- 83-2191054
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $622,514
- Income (IRS master file)
- $578,766
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $534,752 | $421,982 | $622,514 | XML |
| 990-PF | December 2023 | $484,175 | $634,469 | $126,895 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990 | 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 83-2191054).
Questions about BLACK CHAMBER OF COMMERCE OF NEW MEXICO
- What is the EIN of BLACK CHAMBER OF COMMERCE OF NEW MEXICO?
- The employer identification number (EIN) of BLACK CHAMBER OF COMMERCE OF NEW MEXICO is 83-2191054.
- Is BLACK CHAMBER OF COMMERCE OF NEW MEXICO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to BLACK CHAMBER OF COMMERCE OF NEW MEXICO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACK CHAMBER OF COMMERCE OF NEW MEXICO 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 BLACK CHAMBER OF COMMERCE OF NEW MEXICO 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 BLACK CHAMBER OF COMMERCE OF NEW MEXICO 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 BLACK CHAMBER OF COMMERCE OF NEW MEXICO?
- The 990 for the year ended December 31, 2024 names KARLA CAUSEY.
- Who are the officers and directors of BLACK CHAMBER OF COMMERCE OF NEW MEXICO?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $75,000 (KARLA CAUSEY, CEO/PRESIDEN).
- How much revenue does BLACK CHAMBER OF COMMERCE OF NEW MEXICO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $534,752, expenses of $421,982 and total assets of $622,514 at year end.
Other nonprofits in ALBUQUERQUE
- DREAMSPRING EIN 85-0417347 · last filed 990 for 2025
- ENLACE COMUNITARIO EIN 85-0473384 · last filed 990 for 2025
- PARTNERSHIP FOR COMMUNITY ACTION EIN 31-1815692 · last filed 990 for 2025
- NEW MEXICO COMMUNITY CAPITAL EIN 20-1798654 · last filed 990 for 2025
- NEW MEXICO MANUFACTURING EXTENSION PARTNERSHIP EIN 85-0469162 · last filed 990 for 2024
- DIRECTED ENERGY PROFESSIONAL SOCIETY EIN 85-0459954 · last filed 990 for 2024
- NATIVE WOMEN LEAD INC EIN 86-3663621 · last filed 990 for 2024
- ORGANIZERS IN THE LAND OF ENCHANTMENT EIN 27-1275724 · last filed 990 for 2024
All nonprofits in ALBUQUERQUE · New Mexico · Community improvement and capacity building