Capital Black Chamber of Commerce

EIN: 680083646

Sacramento, CA

Total Revenue
$353,747
Total Expenses
$573,314
Total Assets
$1,624,358
Net Assets
$380,022
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CA
Principal Officer
Azizza Davis Goines
Phone
9162310416
Tax Period
2024-01-01 to 2024-12-31

Capital Black Chamber of Commerce, founded in 1990, is a small nonprofit that reported $354K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $573K exceeded revenue, resulting in a 62% operating deficit.

Mission

The mission of the Sacramento Black chamber of commerce is to assure member businesses will benefit through services that sustain and increase their revenue. Additionally, the region will benefit through the growth of African American owned businesses.

Program Service Accomplishments

Program 1
Expenses: $498,411 Revenue: $353,747

The Capital Black Chamber of Commerce completed its fifteenth year of advocacy working with the Congressional Black Caucus Foundation's Annual Legislative Conference. In 2024 the Chamber's focus was...

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The Capital Black Chamber of Commerce completed its fifteenth year of advocacy working with the Congressional Black Caucus Foundation's Annual Legislative Conference. In 2024 the Chamber's focus was on how our collaborations work to build sustainability in our underrepresented communities specifically through workforce development in areas of transportation, energy and education. Meetings were also held with elected officials representing the State of California as well as representatives from the Department of Commerce and the Department of Labor. The Chamber hosted a reception in Washington DC after the meetings to introduce the fact that the Chamber has now gone statewide and will now be called the Capital Black Chamber of Commerce. The Chamber took its largest delegation yet to Washington D.C. to represent our six county region.The Chamber's introduced its newest program called Elevate which was designed to provide technical assistance and training to local Black Chambers around the state to support their building capacity to provide assistance to their local businesses. The Capital Black Chamber has now graduated two cohorts from that program, one in Northern California consisting of nine local Black Chambers and fifteen Chambers in the Inland Empire.

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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 (2024)

Revenue Breakdown

Contributions & Grants $288,028
Program Service Revenue $86,616
Investment Income $0
Other Revenue $-20,897
TOTAL REVENUE $353,747

Expense Breakdown

Grants Paid $4,081
Salaries & Benefits $195,424
Fundraising Expenses $10,040
Program Expenses $498,411
Other Expenses $373,809
TOTAL EXPENSES $573,314

Year-over-Year Comparison

2024 2023 Change
Revenue $353,747 $578,058 -0.4%
Expenses $573,314 $693,739 -0.2%
Net Income $-219,567 $-115,681 +0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
10
Independent Members
9
Employees
5
Volunteers
50

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
4
$121,264
Total Directors
10
$121,264
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Azizza Davis Goines President & CEO 40.00
Officer Director
$121,264 $0 $121,264
Dr Marcellene Watson-Derbigny Director 2.00
Director
$0 $0 $0
Chris Flores Director 2.00
Director
$0 $0 $0
Dr Markisha Webster Director 2.00
Director
$0 $0 $0
Christopher Thomas Director 2.00
Director
$0 $0 $0
Ira Williams Director 2.00
Director
$0 $0 $0
Lydia Ramirez Treasurer 2.00
Officer Director
$0 $0 $0
Ceasor Dennis Director 2.00
Director
$0 $0 $0
Roderick Brewer Secretary 4.00
Officer Director
$0 $0 $0
Melanie Okoro PhD Board Chair 4.00
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 $353,747 $573,314 $1,624,358 $-219,567
2023 $578,058 $693,739 $1,858,553 $-115,681
2022 $570,966 $518,190 $2,013,609 $52,776
2021 $586,562 $501,896 $1,879,572 $84,666
2020 $773,899 $497,079 $587,893 $276,820
2019 $503,301 $319,920 $324,272 $183,381
2018 $381,514 $220,460 $169,500 $161,054
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