African American Chamber of Commerce of Wisconsin Inc
Nonprofit profile at a glance
- EIN
- 391768969
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-EZ 2011
- Location
- Milwaukee, WI, USA
- Phone
- 4144629450
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,041,039
- Expenses
- $1,395,493
- Assets
- $2,810,194
- Liabilities
- $2,320,512
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- NIKKI PURVIS (CEO)
Highest reported compensation
- NIKKI PURVIS (CEO): $144,698 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We champion the growth and sustainability of african american owned businesses by providing access to capital, education and advocacy through capacity building and strategic partnerships.our vision - strong african american owned businesses and entrepreneurs that promote the economic vibrancy of our community by providing limitless opportunities in the workplace.
What it reported doing in 2024
Rise mke powered by mortar - a 14-week entrepreneurial training program designed to ensure that emerging businesses don't start blindly, providing business development with a focus on marketing, branding, business network development, and other essential resources. Rise was adapted from the highly successful cincinnati based minority business accelerator program called mortar. The african american chamber has formed a strategic partnership between lisc milwaukee and the milwaukee urban league as a component of the ramp up project. Rise curriculum will focus on enabling underserved entrepreneurs through education, guidance, and mentorship. Spur - capacity building intensive workshop series design based on research from the federal reserve about the needs and critical issues of small businesses. There are three primary components 1)workshop sessions; 2)small group advisory roundtables; 3)targeted networking sessions. The program is designed to provide small businesses with focused customized training and networking opportunities that address their specific needs.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 53% for direct work, and 47% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 90
- Accountability: 84
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 83.1%; rating input score 83
- Fundraising efficiency: $22.64 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 97.1%; rating input score 97; 44th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -34%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 2.01; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.83; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 10.4%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: 16.7% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 12.9% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 24.6% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 83.1% of spending went to programs
- Governance: 11 of 11 board members independent · 5 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1.2M in reported program spending
- Leadership: top reported pay $145K · 12 people listed
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 41 filed money-flow records
- Related organizations: 40 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.