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PRESIDENTS COUNCIL BUSINESS CHAMBER: Form 990EZ, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
PRESIDENTS COUNCIL BUSINESS CHAMBER (EIN 47-2195389)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-13
IRS object ID
201621349349200107
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-05-13T07:20:25-04:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN061837360PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Lisa Fuentes CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line19463 Lister LaneAddressLine1Txt
CityTwinsburgCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44087ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472195389EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Presidents Council Business ChamberBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPRESBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Reserve Square 1701 E 12th StreetAddressLine1Txt
CityClevelandCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44114ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonN M ObiPersonNm
Person TitleChairPersonTitleTxt
Phone2167718702PhoneNum
Signature2016-04-30SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLisa Fuentes CPAPreparerPersonNm
PTINP00740670PTIN
Phone2164038805PhoneNum
Preparation2016-05-13PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website Addresswww.thepresidentscouncil.comWebsiteAddressTxt
Organization501cYes (X)Organization501cInd
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$114,136GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$500ContributionsGiftsGrantsEtcAmt
Program Service Revenue$15,000ProgramServiceRevenueAmt
Membership Dues$94,305MembershipDuesAmt
Other Revenue Total$4,331OtherRevenueTotalAmt
Total Revenue$114,136TotalRevenueAmt
Salaries Other Comp Empl Bnft$23,992SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$7,525FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$53,519OtherExpensesTotalAmt
Total Expenses$85,036TotalExpensesAmt
Excess Or Deficit For Year$29,100ExcessOrDeficitForYearAmt
Other Changes In Net Assets$1,500OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$30,600NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$29,600EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,000EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$30,600EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$30,600EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeAdvance African American entrepreneursPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxt
On November 10 2015 the organization was inducted as a member of the US Black Chambers Inc a collective group of more than 300000 black owned businesses
The organization has 60 paid African American businesses

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
N M Obi
Chair0.00$0$0$0
Mark Williams
Vice Chair0.00$0$0$0
Montrie Rucker Adams
Secretary0.00$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonN M ObiPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Reserve Square 1701 E 12th StreetAddressLine1Txt
CityClevelandCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44114ZIPCd
FieldValueIRS element (for citing)
Phone2167718702PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year$94,805CurrentTaxYearAmt
Total$94,805TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year$4,331CurrentTaxYearAmt
Total$4,331TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Current Tax Year$15,000CurrentTaxYearAmt
Total$15,000TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year$114,136CurrentTaxYearAmt
Total$114,136TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$114,136PublicSupportTotal509Amt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year$1CurrentTaxYearAmt
Total$1TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year$114,137CurrentTaxYearAmt
Total$114,137TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5090.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule C IRS990ScheduleC

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Description of other revenue Part I line 8Description AmountSpecial Events 4,331
Description of other expenses Part I line 16Description AmountBank Fees 707Contributions 30,122Dues 350Special Event 17,772Legal 1,750Miscellaneous 1,325Office Supplies 148Travel 225Website 1,120
Other changes in net assets or fund balances Part I line 20Description AmountTransfer from The PC LLC 1,500
Description of other assets Part II line 24Category Beginning of Year End of YearAccounts Receivable 0 1,000

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