District Of Columbia Chamber Of Commerce
- Assets
- $1.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Washington, DC
- Founding
- 10/1973
- Data as of
- 12/2022
- EIN
- 23-7158230
Organization Overview
District Of Columbia Chamber Of Commerce is located in Washington, DC. The organization was established in 1973. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, District Of Columbia Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. District Of Columbia Chamber Of Commerce 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, District Of Columbia Chamber Of Commerce generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADVOCACY AND BUSINESS DEVELOPMENT OPPORTUNITIES FOR THE BUSINESS COMMUNITY OF THE DISTRICT TO PROMOTE THE ECONOMIC, COMMERCIAL, INDUSTRIAL, AND CIVIL WELFARE OF THE DISTRICT OF COLUMBIA BY MOBILIZING TECHNICAL AND MANAGEMENT RESOURCES, PROVIDING MANAGEMENT TRAINING AND TECHNICAL ASSISTANCE THROUGH EDUCATIONAL MATERIAL, TRAINING AND INSTRUCTING SMALL BUSINESSES AND PROVIDING ADVOCACY AND BUSINESS DEVELOPMENT OPPORTUNITIES FOR THE BUSINESS COMMUNITY IN THE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMALL BUSINESS DEVELOPMENT AND ECONOMIC DEVELOPMENT SUMMIT-EACH YEAR, THE DC CHAMBER HOSTS A SMALL BUSINESS SUMMIT OF APPOXIMATELY 300-400 GUESTS AT THE WASHINGTON CONVENTION CENTER. THIS SUMMIT FEATURES SEVERAL WORKSHOPS AND SEMINARS THAT ARE DESIGNED TO HELP SMALL BUSINESSES AT THE VARIOUS POINTS OF THEIR BUSINESS LIFE-CYCLE (NEW BUSINESS/START-UP, GROWING BUSINESS, AND MATURE BUSINESS - READY FOR NEXT LEVEL). THE CHAMBER WORKS WITH VARIOUS PARTNERS AND GOVERNMENT AGENCIES TO PROVIDE INFORMATION ON PROCUREMENT AND GRANT PROGRAMS, ACCESS TO CAPITAL, BUSINESS RESOURCES, AND OPPORTUNITIES FOR BUSINESS-TO-BUSINESS CONNECTION. THIS YEAR'S SUMMIT HOSTED 350 ATTENDEES, PRESENTERS, AND GUESTS.
OTHER PROGRAMS
ACA/D.C HEALTH LINK EDUCATION-THE ORGANIZATION PRESENTS INFORMATION AND EXHIBIT MATERIALS FOR BUSINESS OWNERS ABOUT THE NEW ONLINE MARKETPLACE, D.C HEALTH LINK, AND HEALTH INSURANCE OPTIONS ARE AVAILABLE FOR SMALL BUSINESS OWNERS.
STATE OF THE DISTRICT AND REGION - THE DC CHAMBER OF COMMERCE HOSTS THE VIRTUAL STATE OF THE DISTRICT AND REGION CONFERENCE IN CONJUNCTION WITH THE RELEASE OF THE ANNUAL STATE OF BUSINESS REPORT. THE CONFERENCE INCLUDES FOUR PANELS ON BUSINESS & ECONOMIC DEVELOPMENT, EDUCATION & WORKFORCE DEVELOPMENT, HEALTH, AND A REGIONAL PANEL REPRESENTING THE VARIOUS JURISDICTIONS IN THE DMV AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Franco President An | Officer | 40 | $225,000 |
Brett Allen Dir Gov Affa | 40 | $135,000 | |
Natalie Harris Dir Membersh | 40 | $114,000 | |
Anita Nunez Cepollaro Dir Programs | 40 | $110,000 | |
Lisa Brown Alexander Board Member | Trustee | 1 | $0 |
Vida Ali Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Argus International Inc Consultant | 12/30/21 | $119,225 |
Ryan L Jones Law Llc Legal Consultan | 12/30/21 | $164,536 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $848,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $992,405 |
| Total Program Service Revenue | $1,612,848 |
| Investment income | $47 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,605,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $668,526 |
| Pension plan accruals and contributions | $18,507 |
| Other employee benefits | $62,742 |
| Payroll taxes | $55,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,037 |
| Fees for services: Accounting | $74,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $483,629 |
| Advertising and promotion | $0 |
| Office expenses | $68,370 |
| Information technology | $46,975 |
| Royalties | $0 |
| Occupancy | $302,013 |
| Travel | $148,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,148 |
| Interest | $6,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,296 |
| Insurance | $11,028 |
| All other expenses | $0 |
| Total functional expenses | $2,778,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,437 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $803,142 |
| 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 | $38,199 |
| Net Land, buildings, and equipment | $10,095 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,372 |
| Total assets | $1,105,245 |
| Accounts payable and accrued expenses | $292,951 |
| Grants payable | $0 |
| Deferred revenue | $280,500 |
| 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 | $144,234 |
| Other liabilities | $172,554 |
| Total liabilities | $890,239 |
| Net assets without donor restrictions | $215,006 |
| Net assets with donor restrictions | $0 |
| 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 | $1,105,245 |