2022-11-15T08:04:21-06:00 2021-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2021-01-01 391768969 AFRICAN AMERICAN CHAMBER OF COMMERCE OF WISCONSIN INC AFRI 4144629450 1920 N MARTIN LUTHER KING JR DRIV MILWAUKEE WI 53212 NIKKI PURVIS PRESIDENT & CEO 4144629450 2022-11-15 1 NIKKI PURVIS 999009999 RENEE MESSING P01872384 4142711451 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z NIKKI PURVIS 1920 N MARTIN LUTHER KING JR DRIVE MILWAUKEE WI 53212 819269 0 X WWW.AACCWISCONSIN.ORG X 1993 WI TO SUPPORT THE GROWTH AND SUSTAINABILITY OF AFRICAN AMERICAN OWNED BUSINESSES THROUGH ACCESS TO CAPITAL, ADVOCACY, BUSINESS DEVELOPMENT, AND STRATEGIC PARTNERSHIPS AND PROMOTES ECONOMIC AND EDUCATIONAL VIBRANCY IN COMMUNITIES OF COLOR. 14 14 5 13 0 0 966989 726358 270505 14462 6787 0 349271 -9186 1593552 731634 152119 50804 0 0 325440 374785 0 0 93712 342264 478604 819823 904193 773729 -172559 1482707 1374812 210363 263029 1272344 1111783 TO SUPPORT THE GROWTH AND SUSTAINABILITY OF AFRICAN AMERICAN OWNED BUSINESSES THROUGH ACCESS TO CAPITAL, ADVOCACY, BUSINESS DEVELOPMENT, AND STRATEGIC PARTNERSHIPS AND PROMOTES ECONOMIC AND EDUCATIONAL VIBRANCY IN COMMUNITIES OF COLOR. 0 0 75026 50804 ASSISTED AFRICAN AMERICAN BUSINESSES IN THE STATE OF WISCONSIN TO GAIN INFORMATION TO WHICH THEY WOULD NOT OTHERWISE HAVE ACCESS. ASSISTED SMALL BUSINESSES IN OBTAINING LOANS THROUGH A REVOLVING LOAN FUND. 425144 4214 THE AFRICAN AMERICAN CHAMBER HAS FORMED A STRATEGIC PARTNERSHIP BETWEEN LISC MILWAUKEE AND THE MILWAUKEE URBAN LEAGUE AS A COMPONENT OF THE RAMP UP PROJECT. RISE CURRICULUM WILL FOCUS ON ENABLING UNDERSERVED ENTREPRENUERS THROUGH EDUCATION, GUIDANCE, AND MENTORSHIP. 78648 5250 RISE PROGRAM. THE RISE PROGRAM IS A 14-WEEK ENTREPRENEURIAL PROGRAM WITH FOCUS ON ENABLING UNDERSERVED ENTREPRENEURS THROUGH EDUCATION, GUIDANCE, AND MENTORSHIP. THE PROGRAM OFFERS INDIVIDUALS ENROLLED AN OPPORTUNITY TO PITCH IDEAS TO POTENTIAL INVESTORS, COMMUNITY LEADERS AND CUSTOMERS. 578818 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 41 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 WI X NIKKI PURVIS 4144629450 1920 N DR MARTIN LUTHER KING JR MILWAUKEE WI 53212 DEBORAH ALLEN DIRECTOR 1.00 X 0 0 0 NIKKI PURVIS CHAIRPERSON 1.00 X X 0 0 0 TIFFANY MEANS TREASURER 1.00 X X 0 0 0 DR LIA KNOX VICE CHAIR 1.00 X X 0 0 0 NICHOLAS TREDER DIRECTOR 1.00 X 0 0 0 WARREN E BULIOX DIRECTOR 1.00 X 0 0 0 MATT PAZARAS DIRECTOR 1.00 X 0 0 0 JULIAN BERRY DIRECTOR 1.00 X 0 0 0 RANELL WASHINGTON DIRECTOR 1.00 X 0 0 0 WILLIAM DECK DIRECTOR 1.00 X 0 0 0 DR DAMIRA GRADY DIRECTOR 1.00 X 0 0 0 COURTNEY JOHNSON KENNEDY DIRECTOR 1.00 X 0 0 0 LAQUONDRA SHAW DIRECTOR 1.00 X 0 0 0 MARJORIE RUCKER DIRECTOR 1.00 X 0 0 0 OSSIE C KENDRIX JR CEO (FORMER) 40.00 X 138883 0 33186 138883 0 33186 1 0 1 0 JCP CONSTRUCTION LLC 1849 N DR MARTIN LUTHER KIND DR MILWAUKEE WI 53212 BUILDING CONSTRUCTION 222653 1 65905 54300 606153 726358 RISE PROGRAM 611430 5250 5250 9212 9212 14462 3825 0 3825 3825 3825 74235 87635 -13400 -13400 OTHER INCOME 900999 389 389 389 731634 9464 0 -4188 X 50804 50804 172068 94637 43018 34413 164498 90474 41124 32900 15010 8256 3752 3002 23209 12765 5802 4642 795 795 15840 15840 114759 112366 2393 1232 1232 20044 2297 17629 118 3025 1814 908 303 93448 56069 28034 9345 32282 18073 14209 6090 6090 2932 2932 34023 20090 10585 3348 2688 1075 1613 RISE PROGRAM 78648 78648 OTHER EXPENSE 43898 8779 30729 4390 EQUIPMENT RENTAL & MAIN 12509 7505 3753 1251 STAFF DEVELOPMENT 12502 8751 3751 3889 325 3564 904193 578818 231663 93712 621527 92253 213806 125000 5720 182750 166326 127837 8357 815365 36268 3962 779097 61998 1417 877 461592 5000 1482707 1374812 38998 38153 10315 77815 161050 147061 210363 263029 X 851893 700980 420451 410803 1272344 1111783 1482707 1374812 -172559 11998 0 X 0 1 X 1 0 X 741628 285024 537836 814870 726358 3105716 741628 285024 537836 814870 726358 3105716 125531 2980185 115418 136147 159332 382227 74624 867748 3973464 0.75000 0.69290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 629545 20985 608560 159967 15283 144684 25853 25853 779097 X 731634 0 731634 0 731634 904193 0 904193 0 904193 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2021, THE ORGANIZATION HAD $0 OF INCOME TAX LIABILITY FOR TAXABLE PARKING FRINGE BENEFITS DUE TO THE TAX CUTS AND JOBS ACT. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. BREAKFAST OF CHAMPIONS 74235 74235 923 11150 65791 OTHER EVENTS 1454 1800 6517 74235 74235 2377 12950 72308 87635 -13400 1 NICHE BOOK BAR 1937 N DOCTOR MLK JR DRIVE MILWAUKEE WI 53212 30000 0 FMV SEED FUNDING AND OPERATIONS OF OPENING A STORE FRONT 0 2 PART I, LINE 2: GRANTS WERE PROVIDED TO SMALL BUSINESSES THROUGH FUNDING FROM THE WISCONSIN ECONOMIC DEVELOPMENT CORPORATION AND THE GREATER MILWAUKEE FOUNDATION. 1 X 0 0 0 0 0 0 0 0 0 OSSIE C KENDRIX JR CEO (FORMER) 138883 0 0 0 0 0 0 0 33186 0 172069 0 0 0 DC GLOBAL GROUP LLC SPOUSE OF FORMER EXECUTIVE DIRECTOR 77450 CONSULTING SERVICES 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE AUDIT FINDINGS ARE PRESENTED TO THE GOVERNANCE COMMITTEE AND THEN TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS OUTLINED IN BYLAWS. BOARD CHAIR AND PRESIDENT MEET WEEKLY TO DISCUSS ANY PERTINENT ISSUES SUCH AS THIS. FORM 990, PART VI, SECTION B, LINE 15 BOARD CHAIR COMPLETES AN ANNUAL REVIEW AND COMPENSATION STUDY THAT IS SHARED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND OTHER POLICIES TO MEMBERS OF THE PUBLIC UPON REQUEST. THE FINANCIAL INFORMATION IS AVAILABLE TO THE PUBLIC THROUGH THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 112,366. MANAGEMENT AND GENERAL EXPENSES 2,393. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 114,759.