THE GREATER AUGUSTA BLACK CHAMBER OF COMMERCE INC Charity Report

Tax-exempt status may be revoked

THE GREATER AUGUSTA BLACK CHAMBER OF COMMERCE INC

EIN 81-1272818 · Chambers of Commerce & Business Leagues (S41)

What they do

to SERVE AS AN ADVOCATE for THE CREATION and GROWTH of COMPETITIVE, PROFITABLE, and SUSTAINABLE BLACK-OWNED ENTITIES. WE ARE COMMITTED to PROVIDING QUALITY EDUCATION and TRAINING PROGRAMS THAT EMPHASIZE ECONOMIC DEVELOPMENT, OWNERSHIP, and WEALTH-BUILDING PRACTICES. THIS is EXECUTED THROUGH EDUCATION, TECHNICAL ASSISTANCE and COLLABORATIONS.

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

67.25%of revenue went to mission work8.2% of expenses · Program services

$820.89spent for every $100 of revenueSpending was higher than revenue this year.

$0.57in assets for every $1 spent this yearSome assets cannot be spent right away.

95.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $609,937 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $66,059 for RONIC WEST (PRESIDENT/EXEC DIR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$84,609

Mission workProgram services$56,90067.25% of revenue8.2% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$694,546820.89% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 8.2% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 8.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 820.89% of revenue

2022Expense mix: 67.5% mission · 8.7% management · 23.8% fundraisingTotal expenses: 15.70% of revenue

2021Expense mix: 95.1% mission · 4.3% management · 1.1% fundraisingTotal expenses: 43.55% of revenue

Money in and money out

Revenue$84,609

Expenses$694,546

Annual shortfall $609,937 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$56,900 · 8.2% of expenses

See all reported dollar amounts

Revenue$84,609

Expenses$694,546

Assets$393,837

Income$84,609

Contributions$80,703

Mission work (program services)$56,900

Grants given$335,000

Average grant$18,611

Accounting fees$7,550

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RONIC WESTPRESIDENT/EXEC DIR · 40 hrs/week $66,059

SHAGRALIA HAMMONDVP AT-LARGE · 30 hrs/week $42,306

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

RONIC WESTPRESIDENT/EXEC DIR

SHAGRALIA HAMMONDVP AT-LARGE

DEVONA RANSOMCFO

ISMAIL ABDUL-RAHMANVP MARKETING

KIGWANA CHERRYVICE PRESIDENT

LATASHA BELLAMYINTERIM CFO

LUMUS VICKVP AT LARGE

About this charity

Recognized since: January 2021
Location: PO BOX 1805, AUGUSTA, GA 30903-1805
County: Richmond
In care of: % RONIC WEST
Primary officer: RONIC WEST, PRESIDENTCEO

How to reach them

WebsiteVisit the charity’s website Emailmygabccommittees@gmail.com Phone(706) 750-8895

Filing and classification

Latest tax year: 2023
Tax period began: June 1, 2023
Return type: 990
Tax preparer: VERNA HARDEN-BAKER CPA
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues
Grant-giving organization: Yes
Revocation date: October 15, 2018