Greater Houston Black Chamber Foundation

EIN: 271588576 501(c)(3) Education

Houston, TX

Total Revenue
$158,175
Total Expenses
$36,001
Total Assets
$201,872
Net Assets
$201,872
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
TX
Tax Period
2021-01-01 to 2021-12-31

Greater Houston Black Chamber Foundation, founded in 2009, is a small nonprofit in the Education sector that reported $158K in total revenue in fiscal year 2021. Revenue surged 128% from the prior year, signaling strong growth momentum. The organization ran a surplus of $122K, a strong 77% operating margin.

Mission

Greater Houston Black Chamber Foundation is a collaborative charitable community initiative that educates, equips, and empowers minority entrepreneurs and business professionals to secure business opportunities and facilitate the growth and prosperity of their business.

Program Service Accomplishments

Program 1
Expenses: $12,190

Educational Achievement Awards issued $12,000 in scholarship awards to 11 graduating high school seniors in the Greater Houston Community. The scholarships were awarded based on competitive essays...

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Educational Achievement Awards issued $12,000 in scholarship awards to 11 graduating high school seniors in the Greater Houston Community. The scholarships were awarded based on competitive essays, academic performances, and personal interviews and will assist in educating, equipping, and empowering these deserving students as they matriculate at their selected college or university.

Program 2

The Houston Black Leadership Institute (HBLI) is an intentional development program for the next generation of African American leadership in the city of Houston. HBLI aims to develop the citys best...

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The Houston Black Leadership Institute (HBLI) is an intentional development program for the next generation of African American leadership in the city of Houston. HBLI aims to develop the citys best and brightest young professionals, cultivating a cadre of individuals who are capable and willing to positively affect the social and economic problems facing our communities.The intense nine (9) month program features training modules focused on Diversity, Collaboration, Personal and Professional Development, Houstons Black History, and Strategic Planning. In 2021, 10 volunteers served 25 participants who were exposed to mentors and completed various comprehensive projects, designed to promote community awareness and personal growth.HBLIs mission is to develop, engage, and sustain a continuous pipeline of active leadership in the Houston community that advances the direction of the city politically and economically.

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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 (2021)

Revenue Breakdown

Contributions & Grants $158,175
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $158,175

Expense Breakdown

Grants Paid $12,000
Salaries & Benefits $0
Fundraising Expenses $1,000
Program Expenses $12,190
Other Expenses $23,001
TOTAL EXPENSES $36,001

Year-over-Year Comparison

2021 2020 Change
Revenue $158,175 $69,440 +1.3%
Expenses $36,001 $51,793 -0.3%
Net Income $122,174 $17,647 +5.9%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
15

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
3
$11,175
Total Directors
7
$11,175
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carmen Herrera Secretary 4.00
Officer Director
$11,175 $0 $11,175
Carol Guess Director 1.00
Director
$0 $0 $0
Leonard James Director 1.00
Director
$0 $0 $0
Kevin Riles Director 1.00
Director
$0 $0 $0
Deon Warner Legal Counsel 1.00
Director
$0 $0 $0
Dominique Calhoun Vice Chair 1.00
Officer Director
$0 $0 $0
Courtney Johnson Rose Chair 3.00
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
2021 $158,175 $36,001 $201,872 $122,174
2020 $69,440 $49,285 $82,207 $20,155
2020 $69,440 $51,793 $79,698 $17,647
2019 $112,108 $90,848 $62,051 $21,260
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