MINNESOTA BLACK CHAMBER OF COMMERCE INCORPORATED

SAINT PAUL, MN, 55101-2001 (651) 224-4320 Est. 2004 EIN 20-0722799

S41 - Chambers of Commerce & Business Leagues 990 - Public charity return 501(c)(3)

www.minnesotabcc.org

Mission

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.

Financials

Total Revenue

$1,449,991

Total Expenses

$285,013

Net Assets

$1,849,439

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

6.5 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 175.6%

Expenses ↑ 68.7%

Revenue Sources

Contributions 101.4% Earned revenue 2.4% Investment 1.8%

Expense Breakdown

Program 14.6% Management 85.4%

Officers & Key Employees (17)

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Grants Received (13)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$1,449,991 ↑	$285,013	$1,849,439
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$526,065 ↑	$168,918	$684,461
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$302,654 ↑	$152,285	$327,314
2021 990-EZ - Short-form return Jan 1, 2021 to Dec 31, 2021	$114,666 ↓	$112,573	$176,945
2020 990-EZ - Short-form return Jan 1, 2020 to Dec 31, 2020	$149,907 ↑	$136,156	$212,401
2018 990-EZ - Short-form return Jan 1, 2018 to Dec 31, 2018	$40,560	$95,016	$259,094