Overview

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Est.

2004

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Minnesota Black Chamber of Commerce is a nonprofit organization dedicated to serving Black-owned businesses and their communities through education, advocacy, and economic development. With an operating budget of $285,000 and total revenue of $1.4 million for the 2024 filing year, the organization aims to maximize the potential of every Black-owned business by providing equitable growth opportunities at every stage. It does not rely on any single funder for 50% or more of its revenue and operates primarily in Minnesota. For more information, visit www.mnblackchamber.org.

Mission Statement

THE MINNESOTA BLACK CHAMBER OF COMMERCE IS COMMITTED TO SERVING THE BLACK- OWNED BUSINESSES AND THEIR COMMUNITIES THROUGH ACCESS TO EDUCATION, ADVOCACY AND ECONOMIC DEVELOPMENT. OUR GOAL IS TO MAXIMIZE THE POTENTIAL OF EVERY BLACK-OWNED BUSINESS, LARGE OR SMALL, BY PROVIDING EQUITABLE OPPORTUNITIES FOR GROWTH AT EVERY STAGE.
Revenues
$1.4M
Expenses
$285K
Net Income:
+$1.2M
Assets
$1.9M
Liabilities
$38.7K
Net Assets:
+$1.8M
Operating Budget
$285K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
3
Median grant size
$30K
Largest grant received
$1M
D
Drinal Foster
Board Member
J
Jonathan Weinhagen
Board Member
L
Lataya Allseits
Board Member

Frequently Asked Questions

What is MINNESOTA BLACK CHAMBER OF COMMERCE’s budget?
In 2024, MINNESOTA BLACK CHAMBER OF COMMERCE reported an annual operating budget of around $285 thousand. More detailed financial information is available to registered users.
What causes does MINNESOTA BLACK CHAMBER OF COMMERCE support?
MINNESOTA BLACK CHAMBER OF COMMERCE supports work in Business promotion.
Where does MINNESOTA BLACK CHAMBER OF COMMERCE operate?
MINNESOTA BLACK CHAMBER OF COMMERCE is headquartered in St. Paul, MN.
Who funded MINNESOTA BLACK CHAMBER OF COMMERCE recently?
In 2024, MINNESOTA BLACK CHAMBER OF COMMERCE received grants from Metropolitan Economic Development Association, SAINT PAUL & MINNESOTA FOUNDATION, and PAYPAL CHARITABLE GIVING FUND. More information on this organization’s funders is available to registered users.
What is the largest grant MINNESOTA BLACK CHAMBER OF COMMERCE received in 2024?
The largest grant to MINNESOTA BLACK CHAMBER OF COMMERCE in 2024 exceeds $1 million.