2025-11-17T16:14:20-05:00 2024-12-31 205855985 WATERS & COMPANY LLC 3311 CANDELARIA RD NE STE D ALBUQUERQUE NM 87107 990 2024-01-01 832191054 BLACK CHAMBER OF COMMERCE OF NEW MEXICO BLAC 5053402773 700 4TH STREET NW SUITE A ALBQUERQUE NM 87102 KARLA CAUSEY CEO/PRESIDENT 5053402773 2025-05-12 true true OLLIE D WATERS P00072561 5052600616 2025-11-17 2024 2025-03-06 01:10:19Z X KARLA CAUSEY 700 4TH STREET SW SUITE A ALBUQUERQUE NM 87102 578766 false X BCCOFNM.ORG X 2019 NM OUR PURPOSE IS TO PROMOTE SUSTAINABLE ECONOMIC GROWTH AND EMPOWERMENT WITHIN THE BLACK-OWNED BUSINESS COMMUNITY. WE ARE COMMITTED TO ACHIEVING THIS BY FOCUSING ON FOUR KEY PILLARS: EDUCATION, ADVOCACY, MENTORSHIP, AND NETWORKING. THROUGH EDUCATION, WE STRIVE TO EQUIP BLACK-OWNED BUSINESSES WITH THE KNOWLEDGE, SKILLS, AND RESOURCES NECESSARY TO THRIVE IN A COMPETITIVE MARKETPLACE. BY PROVIDING ACCESS TO EDUCATIONAL PROGRAMS, WORKSHOPS, AND SEMINARS, WE AIM TO EMPOWER ENTREPRENEURS WITH VALUABLE INSIGHTS, INDUSTRY TRENDS, AND BEST PRACTICES. ADVOCACY LIES AT THE HEART OF OUR MISSION. WE ADVOCATE FOR THE INTERESTS AND NEEDS OF BLACK-OWNED BUSINESSES AT VARIOUS LEVELS, ENGAGING WITH POLICYMAKERS, ORGANIZATIONS, AND STAKEHOLDERS TO DRIVE MEANINGFUL CHANGE. BY CHAMPIONING INCLUSIVE POLICIES, FOSTERING AN EQUITABLE BUSINESS ENVIRONMENT, AND ADDRESSING SYSTEMIC BARRIERS, WE AIM TO CREATE A MORE LEVEL PLAYING FIELD FOR BLACK ENTREPRENEURS. MENTORSHIP PLAYS A CRUCIAL ROLE IN OUR APPROACH. WE BEL 13 13 1 0 387698 297715 192647 1549 96477 42841 484175 534752 0 0 80929 85327 0 0 553540 336655 634469 421982 -150294 112770 126895 622514 3647 387522 123248 234992 X OUR PURPOSE IS TO PROMOTE SUSTAINABLE ECONOMIC GROWTH AND EMPOWERMENT WITHIN THE BLACK-OWNED BUSINESS COMMUNITY. WE ARE COMMITTED TO ACHIEVING THIS BY FOCUSING ON FOUR KEY PILLARS: EDUCATION, ADVOCACY, MENTORSHIP, AND NETWORKING. THROUGH EDUCATION, WE STRIVE TO EQUIP BLACK-OWNED BUSINESSES WITH THE KNOWLEDGE, SKILLS, AND RESOURCES NECESSARY TO THRIVE IN A COMPETITIVE MARKETPLACE. BY PROVIDING ACCESS TO EDUCATIONAL PROGRAMS, WORKSHOPS, AND SEMINARS, WE AIM TO EMPOWER ENTREPRENEURS WITH VALUABLE INSIGHTS, INDUSTRY TRENDS, AND BEST PRACTICES. ADVOCACY LIES AT THE HEART OF OUR MISSION. WE ADVOCATE FOR THE INTERESTS AND NEEDS OF BLACK-OWNED BUSINESSES AT VARIOUS LEVELS, ENGAGING WITH POLICYMAKERS, ORGANIZATIONS, AND STAKEHOLDERS TO DRIVE MEANINGFUL CHANGE. BY CHAMPIONING INCLUSIVE POLICIES, FOSTERING AN EQUITABLE BUSINESS ENVIRONMENT, AND ADDRESSING SYSTEMIC BARRIERS, WE AIM TO CREATE A MORE LEVEL PLAYING FIELD FOR BLACK ENTREPRENEURS. MENTORSHIP PLAYS A CRUCIAL ROLE IN OUR APPROACH. WE BEL false false 155840 192647 2024 CHAMBER HIGHLIGHTS THE BLACK CHAMBER OF COMMERCE OF NEW MEXICO EMBARKED UPON ANOTHER STELLAR YEAR AND CONTINUED TO PROVIDE EXCEPTIONAL SERVICES TO UNDERSERVED, UNDER- ENGAGED, UNDER-RESOURCED LOW- AND MODERATE-INCOME ENTREPRENEURS AND SMALL BUSINESSES THROUGHOUT THE ENTIRE STATE OF NEW MEXICO, THE CHAMBER ENHANCED THE SMALL BUSINESS SUCCESS PROGRAM (TECHNICAL ASSISTANCE) TO ALLOW MEMBERS TO SPECIFY ADDITIONAL CATEGORIES NEEDED FOR THEIR BUSINESS SUCCESS. SMALL BUSINESS MEMBERS RECEIVE TECHNICAL ASSISTANCE AT NO EXTRA CHARGE, WHICH INCLUDES SERVICES SUCH AS BUSINESS PLAN DEVELOPMENT, HELP WITH GOVERNMENT CERTIFICATIONS, GRANT WRITING, AND FUNDING FOR TRADEMARL<S FOR FIVE (5) MEMBER BUSINESSES, AMONG OTHER BENEFITS. ADDITIONALLY, WE INSTITUTED THE CHARACTER-BASED CROSBY MICRO LOAN PROGRAM WHERE WE LOAN BETWEEN 250 - 10,000 TO QUALIFIED MEMBERS WITHOUT PULLING A CREDIT REPORT BUT ENSURING THEY CAN REPAY AT 5% FIXED INTEREST AND WITHOUT A PRE-PAYMENT PENALTY. NUSENDA FEDERAL CREDIT UNION POWERS THESE LOANS. WE INITIATED THE VACCINE EQUITY AND HEALTH PROGRAM AND HOSTED WORKSHOPS IN CLOVIS, ROSWELL, CARLSBAD, AND VARIOUS LOCATIONS IN ALBUQUERQUE. LOCAL MEDICAL PROFESSIONALS FACILITATED THE WORKSHOPS AND RECEIVED MODEST COMPENSATION FOR SHARING THEIR EXPERTISE IN LOCAL MARKETS. THE NEW MEXICO DEPARTMENT OF HEALTH ACCOMPANIED THE CHAMBER AND PROVIDE FREE VACCINATIONS AT THE VARIOUS LOCATIONS. THE CHAMBER BEGAN OFFERING GRANTS THROUGHOUT ALBUQUERQUE RANGING FROM 2000 TO 5000 ACROSS THREE-TIERS. THE GRANT PROGRAM OPENS THE FIRST MONTH OF EVERY QUARTER AND THE REQUIREMENTS WERE BASIC BUSINESS REQUIREMENTS NEEDED FOR SUCCESS AND FOR THE ABILITY FOR THEM TO BE PREPARED TO SUCCESSFULLY APPLY FOR OTHER GRANTS (E.G. HAVE A BUSINESS PLAN, MAINTAIN A BUSINESS BANK ACCOUNT, BE UP TO DATE ON TAX FILINGS, AND SIMILAR REQUIREMENTS). FINALLY, WE LAUNCHED THE HERB CROSBY MEMORIAL SCHOLARSHIP FUND AVAILABLE TO HIGH SCHOOL SENIORS ATTENDING HIGHER EDUCATION (INCLUDING CERTIFICATE PROGRAMS) WITHIN NEW MEXICO OR ATTENDING AN HISTORICALLY BLACK COLLEGE OR UNIVERSITY (HBCU). THE CHAMBER CONTINUES TO BE AGILE, FLEXIBLE, AND DURABLE, AND MULTI-FACETED AND WE ARE REENERGIZED AND REMAIN STEADFAST IN THE DEVELOPMENT AND SUSTAINABILITY OF ECONOMIC GROWTH THROUGHOUT NEW MEXICO. 155840 true true false false false false false false false false false false false false true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 45 0 false 1 true false false false false false false false false X 13 13 false false false false false false false true true false false false true true true true true true false false NM X X X ORGANIZATION 5053402773 3150 CARLISLE BLVD NE ALBUQUERQUE NM 871101689 CHAD COOPER CHAIR 1.00 X X 0 0 0 TANA TAYLOR CHAIR ELECT 1.00 X X 0 0 0 DAN WILKINSON SECRETARY 1.00 X X 0 0 0 DAVID HICKS TREASURER 1.00 X X 0 0 0 MARJORIE GERMAIN DIRECTOR 1.00 X 0 0 0 BYRON ROSS DIRECTOR 1.00 X 0 0 0 DAR JOHNSON DIRECTOR 1.00 X 0 0 0 KENNY THOMAS DIRECTOR 1.00 X 0 0 0 DR SHELDON JORDAN DIRECTOR 1.00 X 0 0 0 SHAINA SAINT-LOT DIRECTOR 1.00 X 0 0 0 ERIC EGGINS DIRECTOR 1.00 X 0 0 0 CLARENCE SMITH DIRECTOR 1.00 X 0 0 0 KARLA CAUSEY CEO/PRESIDEN 60.00 X X 75000 0 0 75000 false false false 38205 2935 256575 297715 FISCAL AGENT REVENUE 85451 85451 SPONSORSHIPS 68500 68500 CONTRACT REVENUE 38696 38696 192647 1549 1549 86730 44014 42716 INCOME OTHER 125 125 125 534752 192772 1549 X 75000 75000 10327 10327 123 123 41128 41128 109745 7480 102265 53829 53829 15146 703 14443 47891 47891 12200 12200 23364 23364 4871 4871 1359 1359 PRIOR PERIOD ADJUSTMENTS 8575 8575 EVENT EXPENSES 8301 8301 MEALS & ENTERTAINMENT 4878 4878 ADMINISTRATION 2944 2944 2301 200 2101 421982 155840 266142 0 51920 293307 10000 269600 58775 57845 6200 1762 126895 622514 16226 3647 371296 3647 387522 X 123248 234992 123248 234992 126895 622514 X 112770 -1026 X false false false X 90692 114495 352149 433766 414740 1405842 90692 114495 352149 433766 414740 1405842 1405842 1549 1549 1407391 358512 0.99890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FISCAL AGENT ONE ABQ BLK COMM 362796 FISCAL AGENT OTHER 8500 371296 GALA 86730 86730 44014 86730 86730 44014 44014 42716 FORM 990 - ORGANIZATION'S MISSION OUR PURPOSE IS TO PROMOTE SUSTAINABLE ECONOMIC GROWTH AND EMPOWERMENT WITHIN THE BLACK-OWNED BUSINESS COMMUNITY. WE ARE COMMITTED TO ACHIEVING THIS BY FOCUSING ON FOUR KEY PILLARS: EDUCATION, ADVOCACY, MENTORSHIP, AND NETWORKING. THROUGH EDUCATION, WE STRIVE TO EQUIP BLACK-OWNED BUSINESSES WITH THE KNOWLEDGE, SKILLS, AND RESOURCES NECESSARY TO THRIVE IN A COMPETITIVE MARKETPLACE. BY PROVIDING ACCESS TO EDUCATIONAL PROGRAMS, WORKSHOPS, AND SEMINARS, WE AIM TO EMPOWER ENTREPRENEURS WITH VALUABLE INSIGHTS, INDUSTRY TRENDS, AND BEST PRACTICES. ADVOCACY LIES AT THE HEART OF OUR MISSION. WE ADVOCATE FOR THE INTERESTS AND NEEDS OF BLACK-OWNED BUSINESSES AT VARIOUS LEVELS, ENGAGING WITH POLICYMAKERS, ORGANIZATIONS, AND STAKEHOLDERS TO DRIVE MEANINGFUL CHANGE. BY CHAMPIONING INCLUSIVE POLICIES, FOSTERING AN EQUITABLE BUSINESS ENVIRONMENT, AND ADDRESSING SYSTEMIC BARRIERS, WE AIM TO CREATE A MORE LEVEL PLAYING FIELD FOR BLACK ENTREPRENEURS. MENTORSHIP PLAYS A CRUCIAL ROLE IN OUR APPROACH. WE BELIEVE IN THE POWER OF GUIDANCE AND SUPPORT, PAIRING ASPIRING OR ESTABLISHED BLACK-OWNED BUSINESSES WITH EXPERIENCED MENTORS WHO OFFER VALUABLE ADVICE, ENCOURAGEMENT, AND INDUSTRY-SPECIFIC KNOWLEDGE. THROUGH MENTORSHIP PROGRAMS, WE FOSTER MEANINGFUL CONNECTIONS AND FACILITATE PERSONAL AND PROFESSIONAL GROWTH. NETWORKING FORMS THE CORNERSTONE OF OUR EFFORTS. WE RECOGNIZE THE SIGNIFICANCE OF BUILDING STRONG NETWORKS AND CONNECTIONS WITHIN THE BUSINESS COMMUNITY. BY ORGANIZING NETWORKING EVENTS, CONFERENCES, AND COLLABORATIVE INITIATIVES, WE PROVIDE PLATFORMS FOR BLACK ENTREPRENEURS TO CONNECT, COLLABORATE, AND FORGE PARTNERSHIPS. THESE NETWORKING OPPORTUNITIES FACILITATE THE EXCHANGE OF IDEAS, BUSINESS OPPORTUNITIES, AND SHARED EXPERIENCES, FOSTERING A VIBRANT ECOSYSTEM OF BLACK-OWNED BUSINESSES. THROUGH OUR COMPREHENSIVE APPROACH ENCOMPASSING EDUCATION, ADVOCACY, MENTORSHIP, AND NETWORKING, WE ARE DEDICATED TO ADVANCING THE ECONOMIC GROWTH, SUCCESS, AND SUSTAINABILITY OF BLACK-OWNED BUSINESSES. BY EMPOWERING ENTREPRENEURS, ADDRESSING SYSTEMIC CHALLENGES, AND CULTIVATING A SUPPORTIVE COMMUNITY, WE ASPIRE TO CREATE A FUTURE WHERE BLACK-OWNED BUSINESSES THRIVE AND CONTRIBUTE TO THE OVERALL PROSPERITY OF OUR SOCIETY. FORM 990, PAGE 2, PART III, LINE 4A 2024 CHAMBER HIGHLIGHTS THE BLACK CHAMBER OF COMMERCE OF NEW MEXICO EMBARKED UPON ANOTHER STELLAR YEAR AND CONTINUED TO PROVIDE EXCEPTIONAL SERVICES TO UNDERSERVED, UNDER- ENGAGED, UNDER-RESOURCED LOW- AND MODERATE-INCOME ENTREPRENEURS AND SMALL BUSINESSES THROUGHOUT THE ENTIRE STATE OF NEW MEXICO, THE CHAMBER ENHANCED THE SMALL BUSINESS SUCCESS PROGRAM (TECHNICAL ASSISTANCE) TO ALLOW MEMBERS TO SPECIFY ADDITIONAL CATEGORIES NEEDED FOR THEIR BUSINESS SUCCESS. SMALL BUSINESS MEMBERS RECEIVE TECHNICAL ASSISTANCE AT NO EXTRA CHARGE, WHICH INCLUDES SERVICES SUCH AS BUSINESS PLAN DEVELOPMENT, HELP WITH GOVERNMENT CERTIFICATIONS, GRANT WRITING, AND FUNDING FOR TRADEMARL<S FOR FIVE (5) MEMBER BUSINESSES, AMONG OTHER BENEFITS. ADDITIONALLY, WE INSTITUTED THE CHARACTER-BASED CROSBY MICRO LOAN PROGRAM WHERE WE LOAN BETWEEN 250 - 10,000 TO QUALIFIED MEMBERS WITHOUT PULLING A CREDIT REPORT BUT ENSURING THEY CAN REPAY AT 5% FIXED INTEREST AND WITHOUT A PRE-PAYMENT PENALTY. NUSENDA FEDERAL CREDIT UNION POWERS THESE LOANS. WE INITIATED THE VACCINE EQUITY AND HEALTH PROGRAM AND HOSTED WORKSHOPS IN CLOVIS, ROSWELL, CARLSBAD, AND VARIOUS LOCATIONS IN ALBUQUERQUE. LOCAL MEDICAL PROFESSIONALS FACILITATED THE WORKSHOPS AND RECEIVED MODEST COMPENSATION FOR SHARING THEIR EXPERTISE IN LOCAL MARKETS. THE NEW MEXICO DEPARTMENT OF HEALTH ACCOMPANIED THE CHAMBER AND PROVIDE FREE VACCINATIONS AT THE VARIOUS LOCATIONS. THE CHAMBER BEGAN OFFERING GRANTS THROUGHOUT ALBUQUERQUE RANGING FROM 2000 TO 5000 ACROSS THREE-TIERS. THE GRANT PROGRAM OPENS THE FIRST MONTH OF EVERY QUARTER AND THE REQUIREMENTS WERE BASIC BUSINESS REQUIREMENTS NEEDED FOR SUCCESS AND FOR THE ABILITY FOR THEM TO BE PREPARED TO SUCCESSFULLY APPLY FOR OTHER GRANTS (E.G. HAVE A BUSINESS PLAN, MAINTAIN A BUSINESS BANK ACCOUNT, BE UP TO DATE ON TAX FILINGS, AND SIMILAR REQUIREMENTS). FINALLY, WE LAUNCHED THE HERB CROSBY MEMORIAL SCHOLARSHIP FUND AVAILABLE TO HIGH SCHOOL SENIORS ATTENDING HIGHER EDUCATION (INCLUDING CERTIFICATE PROGRAMS) WITHIN NEW MEXICO OR ATTENDING AN HISTORICALLY BLACK COLLEGE OR UNIVERSITY (HBCU). THE CHAMBER CONTINUES TO BE AGILE, FLEXIBLE, AND DURABLE, AND MULTI-FACETED AND WE ARE REENERGIZED AND REMAIN STEADFAST IN THE DEVELOPMENT AND SUSTAINABILITY OF ECONOMIC GROWTH THROUGHOUT NEW MEXICO. FORM 990, PAGE 6, PART VI, LINE 11B REVIEW FORM 990 AND OBTAIN APPROVAL FROM BOARD PRIOR TO E-FILING RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. A DECLARATION IS SIGNED BY EACH BOARD MEMBER INDICATING IF THEY ARE PARTY TO A KNOWN CONFLICT OF INTEREST, OR NOT. FORM 990, PAGE 6, PART VI, LINE 15A BOARD MEMBERS REVIEW AND APPROVE COMPENSATION. MARKET SURVEYS OF INDIVIDUALS PERFORMING SIMILAR DUTIES WITHIN SIMILAR ORGANIZATIONS ARE USED TO DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G BUSINESS CONSULTANTS 0 38,753 0 CONTRACT SERVICES 0 63,512 0 STUDENT INTERNS 7,480 0 0 TOTAL 7,480 102,265 0 FORM 990, PART XI, LINE 9 BOY & EOY NET ASSET VARIANCE -1,026