2021-11-15T11:58:58-06:00 2020-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2020-01-01 391768969 AFRICAN AMERICAN CHAMBER OF COMMERCE OF WISCONSIN INC AFRI 4144629450 1920 N MARTIN LUTHER KING JR DRIV MILWAUKEE WI 53212 OSSIE C KENDRIX JR PRESIDENT & CEO 4144629450 2021-11-15 1 OSSIE KENDRIX JR 999009999 RENEE MESSING P01872384 4142711451 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X OSSIE C KENDRIX JR 1920 N MARTIN LUTHER KING JR DRIVE MILWAUKEE WI 53212 1626508 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. 13 13 6 13 0 0 494636 966989 22080 270505 6774 6787 85375 349271 608865 1593552 0 152119 0 0 325654 325440 0 0 96215 230403 342264 556057 819823 52808 773729 492443 1482707 86778 210363 405665 1272344 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 202575 152119 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. 285918 7037 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. 39549 270505 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. 528042 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 20 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 WI X OSSIE C KENDRIX JR 4144629450 1920 N DR MARTIN LUTHER KING JR MILWAUKEE WI 53212 OSSIE C KENDRIX JR PRESIDENT & CEO 40.00 X 150606 0 12095 DEBORAH ALLEN CHAIRWOMAN 1.00 X X 0 0 0 NIKKI PURVIS VICE-CHAIR 1.00 X X 0 0 0 TIFFANY MEANS TREASURER 1.00 X X 0 0 0 DR LIA KNOX SECRETARY 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 150606 0 12095 1 0 1 0 JCP CONSTRUCTION LLC 1849 N DR MARTIN LUTHER KIND DR MILWAUKEE WI 53212 BUILDING CONSTRUCTION 332260 1 43450 923539 966989 RISE PROGRAM 900099 270505 270505 270505 6787 6787 381977 32956 349021 349021 OTHER INCOME 900099 250 250 250 1593552 277542 0 349021 X 152119 152119 131758 72467 32940 26351 140410 77225 35103 28082 32968 18132 8242 6594 20304 11167 5076 4061 3310 3310 8335 8335 102085 63254 20383 18448 1689 1689 16306 1686 14598 22 403 242 121 40 93252 55951 27976 9325 7071 7071 5796 5796 2666 2666 1530 1530 3788 1515 2273 RISE PROGRAM 39549 39549 OTHER EXPENSE 32918 6585 23041 3292 STAFF DEVELOPMENT 13691 9584 4107 NON CAPITAL ASSET PURCH 5847 5847 4028 4010 18 819823 528042 195566 96215 175936 621527 64598 213806 742 5720 152119 166326 19759 8357 6747 2785 0 3962 1957 1417 77332 461592 492443 1482707 19495 38998 10315 10315 56968 161050 86778 210363 X 182274 851893 223391 420451 405665 1272344 492443 1482707 773729 92950 0 X 0 1 X 1 0 X 319885 741628 285024 537836 814870 2699243 319885 741628 285024 537836 814870 2699243 182348 2516895 140227 115418 136147 159332 382227 933351 3632594 0.69290 0.72240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6747 2785 3962 3962 SECURITY DEPOSIT 5000 CONSTRUCTION IN PROGRESS 456592 461592 X 1593552 0 1593552 0 1593552 819823 0 819823 0 819823 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, 2020, 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 74727 74727 12211 7368 LEGACY 307250 307250 4250 9127 381977 381977 16461 16495 32956 349021 1 5 POINTS ART GALLERY AND STUDIOS LLC 3514 N PORT WASHINGTON AVENUE MILWAUKEE WI 53212 832604526 80000 FMV GRANT FOR DEVELOPMENT OF MIXED USE PROPERTY 5 POINTS ART GALLERY & STUDIOS IS A CONSCIOUS REINVESTMENT PROJECT, EMBEDDED IN THE OPERATOR'S CHILDHOOD NORTH SIDE MILWAUKEE NEIGHBORHOOD OF 5 POINTS. THE 5 POINTS ART & GALLERY & STUDIOS BUILDING IS A HISTORICAL STRUCTURE FROM THE 1920S THAT MOST RECENTLY HOUSED THE PREMIER, BLACK-OWNED JOHNSON-GOOLSBY FUNERAL HOME AND SERVICES. THE REDEVELOPMENT WAS REVIVED INTO A MIXED-USE ART SPACE, CONSISTING OF A 3,000 SQUARE FOOT ART GALLERY WITH A GIFT SHOP FOR PROFESSIONAL VISUAL ART EXHIBITIONS AND SPECIAL EVENTS, 9 ARTIST WORK STUDIOS, A SHARED COMMERCIAL KITCHEN FOR CULINARY ARTISTS AND CATERERS AND 2 ARTIST RESIDENCY APARTMENTS. 1 PART I, LINE 2: COVID-19 RELIEF GRANTS WERE PROVIDED TO SMALL BUSINESSES THROUGH FUNDING FROM THE GREATER MILWAUKEE FOUNDATION. IN ADDITION, AN AWARD WAS MADE TO THE 5 POINTS ART GALLERY AND STUDIOS LLC THROUGH THE GREATER MILWAUKEE FOUNDATION OF $80,000 TO SUPPORT DEVELOPMENT OF A MIXED USE PROPERTY. THE ORGANIZATION MAINTAINS CONTACT WITH THE RECIPIENT TO MONITOR USE OF THE FUNDS. X 0 0 0 0 0 0 0 0 0 OSSIE C KENDRIX JR PRESIDENT & CEO 150606 0 0 0 0 0 0 0 12095 0 162701 0 0 0 DC GLOBAL GROUP LLC SPOUSE OF EXECUTIVE DIRECTOR 54400 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 63,254. MANAGEMENT AND GENERAL EXPENSES 20,383. FUNDRAISING EXPENSES 18,448. TOTAL EXPENSES 102,085.