AFRICAN AMERICAN CHAMBER FOUNDATION OF WESTERN PA

EIN: 251821978 501(c)(3) Education

Pittsburgh, PA

Total Revenue
$773,384
Total Expenses
$407,601
Total Assets
$1,626,322
Net Assets
$434,899
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
PA
Principal Officer
SAMUEL J STEPHENSON
Tax Period
2023-10-01 to 2024-09-30

AFRICAN AMERICAN CHAMBER FOUNDATION OF WESTERN PA, founded in 1998, is a small nonprofit in the Education sector that reported $773K in total revenue in fiscal year 2023. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $366K, a strong 47% operating margin.

Mission

THE MISSION OF THE AFRICAN AMERICAN CHAMBER FOUNDATION OF WESTERN PENNSYLVANIA IS TO ASSIST THE AFRICAN AMERICAN CHAMBER OF COMMERCE OF WESTERN PENNSYLVANIA IN THE RAISING OF FUNDS TO SUPPORT THE DEVELOPMENT OF PROGRAMS THAT WILL BENEFIT THE MEMBERSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $770,240
Program Service Revenue $0
Investment Income $180
Other Revenue $2,964
TOTAL REVENUE $773,384

Expense Breakdown

Grants Paid $0
Salaries & Benefits $306,750
Fundraising Expenses $115,200
Program Expenses $191,903
Other Expenses $100,851
TOTAL EXPENSES $407,601

Year-over-Year Comparison

2023 2022 Change
Revenue $773,384 $373,594 +1.1%
Expenses $407,601 $272,077 +0.5%
Net Income $365,783 $101,517 +2.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
6
Employees
4
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$347,396
Total Directors
8
$347,396
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARATA A BEY PRESIDENT 0.00
Officer Director
$112,146 $16,042 $176,250
DORIS CARSON WILLIAMS CFO 32.00
Officer Director
$107,062 $18,200 $171,146
GLEN R MAHONE COUNSEL 5.00
Director
$0 $0 $0
KENYA BOSWELL DIRECTOR 1.00
Director
$0 $0 $0
HORACE BRITTON DIRECTOR 1.00
Director
$0 $0 $0
SAMUEL J STEPHENSON PRESIDENT 1.00
Officer Director
$0 $0 $0
CHERYL L ALLEN TREASURER 2.00
Officer Director
$0 $0 $0
WILLIAN E STRICKLAND Jr PRESIDENT EMERITUS 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $773,384 $407,601 $1,626,322 $365,783
2023 $373,594 $272,077 $1,146,073 $101,517
2022 $429,250 $335,128 $456,200 $94,122
2021 $851,412 $308,417 $721,154 $542,995
2020 $447,670 $289,248 $361,066 $158,422
2019 $422,874 $404,185 $247,916 $18,689
2018 $360,744 $390,542 $248,399 $-29,798
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