Central San Diego Black Chamber of Commerce Education Foundation

EIN: 461984639 501(c)(3) Education

San Diego, CA

Total Revenue
$2,412,359
Total Expenses
$830,884
Total Assets
$2,597,213
Net Assets
$2,504,393
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
Bruce Mayberry
Phone
6192699400
Tax Period
2023-01-01 to 2023-12-31

Central San Diego Black Chamber of Commerce Education Foundation, founded in 2010, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 295% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 66% operating margin.

Mission

To create generational wealth through business enterprise, education, employment, and investing. Our GOAL is to support the business, career, and financial success of our Chamber members which results in the economic empowerment of our Communities.

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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 $2,349,214
Program Service Revenue $0
Investment Income $63,145
Other Revenue $0
TOTAL REVENUE $2,412,359

Expense Breakdown

Grants Paid $229,807
Salaries & Benefits $200,000
Fundraising Expenses $50,989
Program Expenses $660,081
Other Expenses $401,077
TOTAL EXPENSES $830,884

Year-over-Year Comparison

2023 2022 Change
Revenue $2,412,359 $610,285 +3.0%
Expenses $830,884 $826,029 +0.0%
Net Income $1,581,475 $-215,744 -8.3%
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
8
Independent Members
8
Employees
N/A
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
6
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bruce Mayberry Chairman 15.00
Officer Director
$0 $0 $0
Dr Nicholas Holmes Vice Chair 2.00
Officer Director
$0 $0 $0
Ryan Saathoff Treasurer 3.00
Officer Director
$0 $0 $0
Erica Beal Secretary (Jan - March) 2.00
Officer Director
$0 $0 $0
Lee Wills-Irvine Board Member/Sec. (trans April) 2.00
Officer Director
$0 $0 $0
Dr Ricky Shabazz Board Member 2.00
Director
$0 $0 $0
India Jewell Board Member 2.00
Director
$0 $0 $0
Donna DeBerry President/CEO 35.00
Officer
$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 No data No data No data No data
2023 $2,412,359 $830,884 $2,597,213 $1,581,475
2022 $610,285 $826,029 $1,077,736 $-215,744
2021 $3,119,764 $2,524,585 $1,368,477 $595,179
2020 $643,115 $355,480 $713,248 $287,635
2019 $104,249 $6,000 $129,708 $98,249
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