National Gay & Lesbian Chamber Of Commerce
- Assets
- $15.3m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 25
- Location
- Washington, DC
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 13-4219714
Organization Overview
National Gay & Lesbian Chamber Of Commerce, operating under the name Nglcc, is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Nglcc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nglcc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Nglcc generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $8.6m during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nglcc has awarded 202 individual grants totaling $3,893,186. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLIER DIVERSITY INITIATIVE (SDI): NGLCC OFFERED CERTIFICATION TO LGBT ENTERPRISES (LGBTE), AS WELL AS A HOST OF OPPORTUNITIES TO ENHANCE BUSINESS VISIBILITY TO CORPORATIONS SEEKING TO DO BUSINESS WITH LGBTE'S. THE SDI ALSO PROVIDED OPPORTUNITIES TO MEET FACE-TO-FACE WITH POTENTIAL SUPPLIERS AT NGLCC SDI MATCH-MAKING EVENTS ACROSS THE COUNTRY THROUGHOUT THE YEAR. ADDITIONALLY, NGLCC HAS INCREASED EFFORTS TO EXPAND SDI OVERSEAS, ESPECIALLY IN SOUTH AMERICA IN THE LAST 6-7 YEARS.
AFFILIATE RELATIONS: NGLCC HAS FOCUSED EFFORTS OVER THE LAST 7-8 YEARS TO PROVIDE A FOUNDATION AND PLATFORM FOR A NETWORK OF AFFILIATE CHAMBERS, BOTH ACROSS THE UNITED STATES AND INTERNATIONALLY. THERE IS A PORTION OF THE NGLCC STAFF DEDICATED TO THE OUTREACH, COMMUNICATION AND EDUCATION THAT FORM THE BASIS FOR THIS NETWORK OF AFFILIATE CHAMBERS.
NGLCC HAS PARTNERED WITH USAID IN AN INITIATIVE TO PROMOTE LGBT BUSINESS GROWTH IN SPECIFIC COUNTRIES IN LATIN AMERICA AND OTHER SELECTED LOCALES AROUND THE WORLD. IN ADDITION ASSISTING MEMBER COUNTRIES IN LAUNCHING THEIR OWN LGBT CHAMBER OF COMMERCE AND CREATING AVENUES FOR US LGBT BUSINESSES TO BECOME TRADING AND STRATEGIC PARTNERS WITH NASCENT LGBT BUSINESSES IN TARGETED PROGRAM COUNTRIES, IT WILL ALSO ENCOURAGE PROGRAM COUNTRY BUSINESSES TO BECOME SUPPLIERS TO THE INTERNATIONAL COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chance Mitchell Co-Founder, CEO | OfficerTrustee | 40 | $533,562 |
Justin Nelson Co-Founder, President | OfficerTrustee | 40 | $531,762 |
Carol Attak Chairperson | OfficerTrustee | 2 | $0 |
Michael Fuller Treasurer | OfficerTrustee | 2 | $0 |
Mark Bertolini Board Member | Trustee | 1 | $0 |
Paul Ashley Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jonathan Lovitz Advisory Services | 12/30/22 | $132,344 |
Sean Franklin Advisory Services | 12/30/22 | $121,328 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,232,956 |
| Fundraising events | $688,971 |
| Related organizations | $2,210,000 |
| Government grants | $50,588 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,517,209 |
| Noncash contributions included in lines 1a–1f | $45,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,699,724 |
| Total Program Service Revenue | $3,073,888 |
| Investment income | $39,396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $330,092 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$603,996 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,551,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,817,630 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,110,263 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,355,151 |
| Pension plan accruals and contributions | $20,610 |
| Other employee benefits | $130,354 |
| Payroll taxes | $141,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,429 |
| Fees for services: Accounting | $225,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,992 |
| Fees for services: Other | $778,740 |
| Advertising and promotion | $56,863 |
| Office expenses | $54,055 |
| Information technology | $100,186 |
| Royalties | $0 |
| Occupancy | $488,259 |
| Travel | $411,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,325,404 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,740 |
| Insurance | $19,954 |
| All other expenses | $13,847 |
| Total functional expenses | $8,598,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,821,844 |
| Savings and temporary cash investments | $2,185,206 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $2,480,203 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $79,455 |
| Net Land, buildings, and equipment | $237,137 |
| Investments—publicly traded securities | $3,341,574 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,935,789 |
| Total assets | $15,331,208 |
| Accounts payable and accrued expenses | $592,108 |
| Grants payable | $241,455 |
| Deferred revenue | $2,834,982 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,423,581 |
| Total liabilities | $7,092,126 |
| Net assets without donor restrictions | $5,061,582 |
| Net assets with donor restrictions | $3,177,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,331,208 |
Grants Awarded
Over the last fiscal year, National Gay & Lesbian Chamber Of Commerce has awarded $1,688,100 in support to 116 organizations.
| Grant Recipient | Amount |
|---|---|
4WEST LOUNGE PURPOSE: TO SUPPORT LGBT-OWNED RESTAURANTS AND LGBT AFFILIATE CHAMBERS | $25,000 |
ABBEY PURPOSE: TO SUPPORT LGBT-OWNED RESTAURANTS AND LGBT AFFILIATE CHAMBERS | $10,000 |
ALCOVE PURPOSE: TO SUPPORT LGBT-OWNED RESTAURANTS AND LGBT AFFILIATE CHAMBERS | $10,000 |
ALSA BAR LLC THE PUB WILTON MANORS PURPOSE: TO SUPPORT LGBT-OWNED RESTAURANTS AND LGBT AFFILIATE CHAMBERS | $10,000 |
AMP SPORTS LOUNGE PURPOSE: TO SUPPORT LGBT-OWNED RESTAURANTS AND LGBT AFFILIATE CHAMBERS | $15,000 |
AVENUES CAF PURPOSE: TO SUPPORT LGBT-OWNED RESTAURANTS AND LGBT AFFILIATE CHAMBERS | $10,000 |