2023-11-15T19:56:29-06:00 2022-12-31 382029668 GJC CPA'S & ADVISORS 535 GRISWOLD STREET SUITE 1200 DETROIT MI 482263689 990 2022-01-01 853439893 METRO DETROIT BLACK CHAMBER OF COMMERCE METR 3137178397 1234 WASHINGTON BOULEVARD DETROIT MI 482261894 CHARITY DEAN PRESIDENT AND C.E.O. 3137178397 2023-11-15 1 CHARITY DEAN 999009999 1 MICHAEL R NICHOLAS P00966144 3139652655 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SEE SCHEDULE O CHARITY DEAN 1234 WASHINGTON BOULEVARD DETROIT MI 482261894 165017 0 X WWW.MDBBA.COM X 2020 MI TO DEVELOP PROGRAMS AND ADVOCATE FOR POLICIES THAT RESULT IN PROFITABLE AND SUSTAINABLE BLACK-OWNED BUSINESSES THAT ARE CONNECTED TO PUBLIC AND PRIVATE ECONOMIC OPPORTUNITIES, WHILE BUILDING TRUSTED RELATIONSHIPS 16 15 6 50 0 0 1172314 145332 750 19612 54 73 961 0 1174079 165017 0 0 0 0 284149 202692 0 0 0 115438 106488 399587 309180 774492 -144163 845620 826426 71128 196097 774492 630329 X TO DEVELOP PROGRAMS AND ADVOCATE FOR POLICIES THAT RESULT IN PROFITABLE AND SUSTAINABLE BLACK-OWNED BUSINESSES THAT ARE CONNECTED TO PUBLIC AND PRIVATE ECONOMIC OPPORTUNITIES, WHILE BUILDING TRUSTED RELATIONSHIPS 0 0 248807 19612 THE ORGANIZATION OFFICIALLY LAUNCHED IN 2021. HOWEVER, THE WORK TO CREATE AN ORGANIZATION THAT FOCUSED ON THE CRITICAL NEEDS OF BLACK-OWNED BUSINESSES BEGAN DURING THE SPRING OF 2020 AT THE HEIGHT OF THE PANDEMIC. DURING THE PANDEMIC, MORE THAN HALF OF BLACK ENTREPRENEURS WERE AT RISK OF FINANCIAL DISTRESS, IN COMPARISON TO 27 PERCENT OF WHITE ENTREPRENEURS, AND 40 PERCENT OF BLACK BUSINESSES WERE FORCED TO CLOSE ENTIRELY. THE PANDEMIC HIGHLIGHTED DISPARITIES THAT ALREADY EXISTED, INCLUDING THE DIGITAL DIVIDE AND LACK OF ACCESS TO CRITICAL RESOURCES THAT SUPPORT BUSINESS GROWTH. WITH OVER 80 PERCENT OF DETROIT'S BUSINESSES BEING BLACK-OWNED, THE ORGANIZATION'S MEMBERS HAVE SEEN FIRST-HAND THESE INEQUITIES AND CHALLENGES ACROSS THE CITY. SEE SCHEDULE O FOR MORE INFORMATION.THE ORGANIZATION'S STRATEGY IS SUPPORTED BY THREE PILLARS: PROGRAMMING, POLICY, AND PARTNERSHIPS. TWO PROGRAMS THAT SET THE FOUNDATION FOR THE ORGANIZATION'S PROGRAMMING ARE THE CAPITAL CONNECT PROGRAM AND THE BIZ WIZ PROGRAM. BOTH OF THESE PROGRAMS ARE FOCUSED ON FINDING SOLUTIONS TO THE OBSTACLES THE ORGANIZATION'S MEMBERS FACED, FROM OBTAINING AN OPERATIONAL LICENSE TO ACCEPTING FUNDING FOR SCALING. THIS POLICY PILLAR IS CARRIED OUT BY THE ORGANIZATION'S TRUTH TO POWER SERIES. THIS MEMBER-ONLY EVENT ALLOWS THE ORGANIZATION'S MEMBERS THE OPPORTUNITY TO HAVE A ONE-ON-ONE CONVERSATION WITH ELECTED OFFICIALS WITHIN MICHIGAN. THE GOAL IS TO CREATE A CONVERSATION GEARED AROUND SUPPORTING BLACK BUSINESSES AS A WHOLE BEFORE A CRISIS, LIKE THE COVID-19 PANDEMIC, OCCURS. THIS PARTNERSHIP PILLAR IS THE BRIDGE BETWEEN ALLY ORGANIZATIONS AND THE ORGANIZATION'S BLACK BUSINESS OWNERS. 248807 0 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 7 0 1 6 1 0 0 0 0 0 0 0 0 X 16 15 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MI X KAIWAN BOWMAN 3137178397 1234 WASHINGTON BOULEVARD DETROIT MI 482261894 CHARITY DEAN PRESIDENT AND C.E.O. 20.00 20.00 X X 90000 90000 0 CHARLES NOLEN CHAIR 0.50 0.50 X X 0 0 0 KERRY BUFFINGTON VICE-CHAIR 0.50 0.50 X X 0 0 0 RICHARD HOSEY TREASURER 0.50 0.50 X X 0 0 0 LATOYA HENRY SECRETARY 0.50 0.50 X X 0 0 0 JOSEPH BOWMAN DIRECTOR 0.50 0.50 X 0 0 0 KANDISS ECTON DIRECTOR 0.50 0.50 X 0 0 0 RITA FIELDS DIRECTOR 0.50 0.50 X 0 0 0 REGINA GAINES DIRECTOR 0.50 0.50 X 0 0 0 TATIANA GRANT DIRECTOR 0.50 0.50 X 0 0 0 ROD HARDAMON DIRECTOR 0.50 0.50 X 0 0 0 JOSEPH HINES DIRECTOR 0.50 0.50 X 0 0 0 HARVEY HOLLINS DIRECTOR 0.50 0.50 X 0 0 0 BRIAN MCKINNEY DIRECTOR 0.50 0.50 X 0 0 0 DANIELLE NORTH DIRECTOR 0.50 0.50 X 0 0 0 BIANCA WILSON DIRECTOR 0.50 0.50 X 0 0 0 KAIWAN BOWMAN CHIEF OPERATING OFFICER 16.00 24.00 X 64400 96600 0 154400 186600 0 0 0 1 0 0 105122 40210 145332 PROGRAM FEES 900099 19612 19612 19612 73 73 165017 19612 0 73 154400 11686 7753 28853 13257 1701 3899 8614 16579 3545 6896 15078 1135 DIRECT PROGRAM EXPENSE 32816 2968 309180 259569 252231 563014 557535 7500 35876 26966 22787 8910 250 250 845620 826426 11322 16025 10417 59806 169655 71128 196097 X 211478 72794 563014 557535 774492 630329 845620 826426 -144163 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 20997 20997 0 14879 5969 8910 8910 DUE TO METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION 169655 169655 165017 0 165017 0 165017 309180 0 309180 0 309180 X 0 0 0 CHARITY DEAN PRESIDENT AND C.E.O. 90000 90000 0 0 0 0 0 0 0 0 90000 90000 0 0 KAIWAN BOWMAN CHIEF OPERATING OFFICER 64400 96600 0 0 0 0 0 0 0 0 64400 96600 0 0 FORM 990, ITEM C, DOING BUSINESS AS: METRO DETROIT BLACK BUSINESS ALLIANCE FORM 990, PART VI, SECTION A, LINE 2 JOSEPH BOWMAN AND KAIWAN BOWMAN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY A C.P.A. FIRM. UPON COMPLETION OF THE DRAFT RETURN, IT IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION 1234 WASHINGTON BOULEVARD DETROIT MI 482261894 853465384 ECONOMIC DEVELOPMENT MI 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0