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African-American Chamber Of Commerce Of New Jersey

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061820423 ✦ Trenton, NJ ✦ Designated as a 501(c)(3)

Overview

What is African-American Chamber Of Commerce Of New Jersey?

The African-American Chamber of Commerce of New Jersey (AACCNJ) is a nonprofit organization situated in Trenton, New Jersey, with a workforce of 17 individuals. Their primary mission is to economically empower and sustain African-American communities within New Jersey through entrepreneurship and capitalistic activities. They achieve this by engaging with the National Black Chamber of Commerce, Inc (NBCC). One of their significant initiatives is the Small Business Bonding Readiness Assistance Program, which provides training to individuals, leading to many of them receiving pre-qualification bonding. This program fosters business growth and development within the African-American community in New Jersey.


Official website here: www.aaccnj.com

Is African-American Chamber Of Commerce Of New Jersey legitimate?

African-American Chamber Of Commerce Of New Jersey is a legitimate nonprofit organization registered as a 501(c)(3) entity. African-American Chamber Of Commerce Of New Jersey submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $554,451
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.aaccnj.com

What is the mission statement of African-American Chamber Of Commerce Of New Jersey?

The African-American Chamber of Commerce of New Jersey (AACCNJ) is committed to economically empowering and sustaining African-American communities. They accomplish this goal by promoting entrepreneurship and capitalistic activities within the state of New Jersey, and by collaborating with the National Black Chamber of Commerce, Inc. (NBCC). The organization's mission is to economically empower the African-American community through business activities, fostering growth and sustainability. The AACCNJ also provides training programs, such as the Small Business Bonding Readiness Assistance Program, to prepare individuals for pre-qualification bonding.


Official website here: www.aaccnj.com

What is the revenue of African-American Chamber Of Commerce Of New Jersey?

African-American Chamber Of Commerce Of New Jersey's revenue in 2022 was $3,067,074.


Official website here: www.aaccnj.com

Who are the executives of African-American Chamber Of Commerce Of New Jersey and what are their salaries?

The average compensation at African-American Chamber Of Commerce Of New Jersey during 2022 was $32,615. There are 17 employees and 12 volunteers at African-American Chamber Of Commerce Of New Jersey.

Here are 16 key members and their salaries (African-American Chamber Of Commerce Of New Jersey's CEO's salary is $0 and their total compensation is $0):

    John E Harmon (President/Chief Executive Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • R Stanley Prater (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Erik Larsen (Director/ Aaccnj Foundation Board)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marcus Dyer Esq (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Warrington Esq (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rachael Ankrah -Fosu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Faye Coleman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert L Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hosea Johnson (Director/Emeritus Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raymond K Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Lemon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Mann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Funke Olayinka Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alton Shaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tammeisha D Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Will Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.aaccnj.com

    Where can I find the form 990 for African-American Chamber Of Commerce Of New Jersey?

    The African-American Chamber Of Commerce Of New Jersey’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.aaccnj.com

    Learn more at the official website: www.aaccnj.com

    Mission Statement of African-American Chamber Of Commerce Of New Jersey

    The African-American Chamber of Commerce of New Jersey (AACCNJ) is committed to economically empowering and sustaining African-American communities within the State of New Jersey. This nonprofit organization achieves its mission by fostering entrepreneurship and capitalistic activities, and it collaborates with the National Black Chamber of Commerce, Inc (NBCC). Through its initiatives, AACCNJ aims to provide opportunities for economic growth and development within the African-American community. One of its key programs is the Small Business Bonding Readiness Assistance Program, which offers training to individuals, with many participants receiving pre-qualification bonding. This program is a testament to AACCNJ's dedication to equipping its community with the tools necessary to thrive in the business world.

    Impact

    This information is meant to be a general summary of African-American Chamber Of Commerce Of New Jersey. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The African-American Chamber of Commerce of New Jersey has had a significant impact on economically empowering and sustaining African-American communities in the State of New Jersey. Through programs like the Small Business Bonding Readiness Assistance Program, the organization has successfully trained individuals, with a majority of participants receiving pre-qualification bonding. This initiative has helped foster entrepreneurship and economic growth within the African-American community in New Jersey. The chamber's dedication to these efforts aligns with their mission of fostering economic empowerment through entrepreneurship and capitalistic activities.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $576,103
  • Gross Receipts: $3,067,074

    • Assets and Liabilities:
  • Total Assets: $2,861,249
  • Total Liabilities: $1,234,142
  • Net Assets: $1,627,107
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Program Revenue

    Revenue

    $576,103

    Organization Details

    Founding Year

    2007

    Main Address

    379 West State Street, Trenton, NJ, 08618

    NTEE Category

    Code: S41 - Community improvement

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