Mission
The Virginia Black Chamber of Commerce (VABCC) promotes economic prosperity and sustainability among black-owned businesses throughout the entire state of Virginia. Founded in August 2023, the VABCC is committed to serving as an advocate and resource for businesses, fostering a sustainable ecosystem that nurtures growth and innovation.
Basic Information
Tax-Exempt
Founded in
2020
EIN
85-0797003
Total Assets
$7.207 thousand
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
Showing 3 of 3 goals
At a Glance
Virginia Black Business Directory
A comprehensive directory for locating black-owned businesses in Virginia.
Advocacy Day
An event to unite business owners and community members for advocacy efforts.
EmpowerHer Brunch
A vibrant gathering supporting black women entrepreneurs.
Impact Stats
$98,438
Amount
Grant Received
The Virginia Black Chamber received a grant from GO Virginia to support the launch of the Pilot Business Accelerator Program.
2023
Year Established
Establishment of VABCC
The Virginia Black Chamber of Commerce was established in August 2023 to support black businesses in Virginia.
2020
Year Founded
Virginia Black Business Directory
The Virginia Black Business Directory was founded to provide a comprehensive resource for finding black-owned businesses.
Past Events
King George Inaugural Entrepreneurs Forum
2023-04-11
Young Entrepreneurs Forum to inspire high school students about business ownership.
Virginia Black Business Expo 2023
2023-08-06
Second Virginia Black Business Expo featuring over 150 vendors.
Upcoming Events
2024 EmpowerHer Brunch
2024-03-01
Empowering women entrepreneurs through discussions and networking.
Learn MoreOur Programs
Business Development Workshops
Workshops designed to enhance business acumen among entrepreneurs.
Learn MoreVolunteer Opportunities
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
41
28
/100
Program Expense Ratio
90.31%
20
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
7.449
2
/20
Working Capital Ratio
-0.1742
2
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 48.63K | 22.24% |
| Program Services | 170K | 77.76% |
| Investment Income | 0 | 0.00% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 218.6K | 100.00% |
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