2020-11-16T09:04:02-06:00 2019-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE MILWAUKEE WI 53202 990 2019-01-01 391768969 AFRICAN AMERICAN CHAMBER OF COMMERCE OF OF WISCONSIN INC AFRI 4144629450 633 W WISCONSIN AVE SUITE 603 MILWAUKEE WI 53203 OSSIE C KENDRIX JR PRESIDENT & CEO 4144629450 2020-11-16 1 RENEE MESSING P01872384 4142711451 2020-11-16 38.71.64.105 2020-11-16 09:03:33 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F041B4DE0817695657A35A4DF0F7926BB6086CA3 2019 2021-01-29 14:40:06Z OSSIE C KENDRIX JR 633 W WISCONSIN AVE SUITE 603 MILWAUKEE WI 53203 680870 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 0 0 0 0 0 494636 0 22080 0 6774 0 85375 0 608865 0 0 0 0 0 325654 0 0 89769 0 230403 0 556057 0 52808 399607 492443 46750 86778 352857 405665 X 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. 1 0 35655 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. 202048 6774 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. 72294 22080 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. 309997 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 6 1 0 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 0 0 0 1 1 0 X OSSIE C KENDRIX JR 4144629450 633 W WISCONSIN AVE 603 MILWAUKEE WI 53203 WANDA MONTGOMERY CHAIRWOMAN 1.00 X X 0 0 0 SHIRLEY MCFARLANE DIRECTOR 1.00 X 0 0 0 NICHOLAS TREDER SECRETARY 1.00 X X 0 0 0 CLIFTON PHELPS PAST CHAIRMAN 1.00 X 0 0 0 DEBORAH ALLEN TREASURER 1.00 X 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 RONNY THOMPSON DIRECTOR 1.00 X 0 0 0 RANELL WASHINGTON DIRECTOR 1.00 X 0 0 0 JERRY ROBERTS DIRECTOR 1.00 X 0 0 0 OSSIE C KENDRIX JR PRESIDENT & CEO 40.00 X 111279 0 0 111279 0 0 1 0 0 0 0 12850 12336 469450 494636 RISE PROGRAM 900099 22080 22080 22080 6774 6774 157380 72005 85375 85375 608865 28854 0 85375 130869 71977 32718 26174 153473 84410 38368 30695 20953 11525 5238 4190 20359 11197 5090 4072 15725 15725 39745 4994 16303 18448 3402 3402 13690 2640 10541 509 506 303 152 51 37912 22747 11374 3791 4535 4535 7138 5833 1305 1805 1805 540 540 2159 864 1295 RISE PROGRAM 72294 72294 OTHER EXPENSE 18390 3678 12873 1839 CONTRIBUTIONS TO OTHER 7740 7740 NON CAPITAL ASSET PURCH 2448 2448 2374 1858 516 556057 309997 156291 89769 43095 175936 189362 64598 742 162096 152119 2557 19759 1795 1795 0 0 2497 1957 0 77332 399607 492443 5635 19495 10315 10315 30800 56968 46750 86778 X 169466 182274 183391 223391 352857 405665 399607 492443 52808 0 X 0 0 0 X 293375 319885 741628 285024 537836 2177748 293375 319885 741628 285024 537836 2177748 205397 1972351 1295 140227 115418 136147 159332 552419 2730167 0.72240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1795 1795 0 0 SECURITY DEPOSIT 5000 CONSTRUCTION IN PROGRESS 72332 77332 X 608865 0 608865 0 608865 556057 0 556057 0 556057 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, 2019, 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 106325 106325 3000 17342 6365 22856 LEGACY 45850 45850 547 6651 2 5205 5205 3375 2413 9456 157380 157380 6375 20302 6365 38963 72005 85375 FORM 990, PART III, LINE 2 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. 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 12 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 CEO CURRENTLY MAKES LESS THAN 25% OF THE ORGANIZATION'S BUDGET, WHICH WAS THE INTENTIONAL DISCUSSION HAD BETWEEN THE BOARD CHAIR AND PRESIDENT IN APRIL 2017. 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.