Stand Together Chamber Of Commerce Inc
- Assets
- $292.6m
- Revenue
- $275.0m
- Investments
- $200.7m
- Employees
- 520
- Location
- Arlington, VA
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 45-3732750
Organization Overview
Stand Together Chamber Of Commerce Inc, operating under the name Stand Together, is located in Arlington, VA. The organization was established in 2012. 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, Stand Together employed 520 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stand Together 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, Stand Together generated $275.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $261.4m during the year ending 12/2022. While expenses have increased by 13.0% per year over the past 6 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 2016, Stand Together has awarded 60 individual grants totaling $370,937,734. 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
STAND TOGETHER ADVANCES ITS MEMBERS' COMMON INTERESTS BY PROMOTING A SOCIETY OF MUTUAL BENEFIT, WHERE PEOPLE SUCCEED BY HELPING OTHERS IMPROVE THEIR LIVES. PRINCIPLED BUSINESSES CAN ONLY SUCCEED IN AN ENVIRONMENT WHERE ALL AMERICANS HAVE THE OPPORTUNITY TO REALIZE THEIR POTENTIAL. STAND TOGETHER PARTNERS WITH ORGANIZATIONS ACROSS THE KEY INSTITUTIONS OF SOCIETY - EDUCATION, COMMUNITIES, BUSINESS, AND GOVERNMENT - TO TACKLE THE ISSUES THAT MATTER MOST. THROUGH EDUCATIONAL AND MARKETING EFFORTS, AND SUPPORT FOR PARTNER ORGANIZATIONS, AMONG OTHER ACTIVITIES, STAND TOGETHER OFFERS A COMPELLING ALTERNATIVE TO AMERICANS WHO ARE SEARCHING FOR A BETTER WAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED BROAD-BASED COALITIONS TO ADVANCE BOTTOM-UP SOLUTIONS ON THE ISSUES THAT MATTER MOST.
EDUCATED THE PUBLIC AND CONDUCTED PUBLIC COMMUNICATIONS TO INSPIRE OTHERS TO TAKE ACTION ON CRITICAL ISSUES.
SCALED THE IMPACT OF STRATEGIC PARTNERS THROUGH GRANTS, INFRASTRUCTURE SERVICES, AND MANAGEMENT COACHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman & CEO | OfficerTrustee | 51 | $1,288,056 |
Name Not Listed Secretary, General Counsel | OfficerTrustee | 51 | $616,180 |
Name Not Listed Director, COO | Trustee | 51 | $675,757 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $75,000 |
Name Not Listed Director | Trustee | 1 | $300,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stand Together Communications Media Services | 12/30/22 | $34,166,607 |
Jcj Productions Media Services | 12/30/22 | $1,753,991 |
Microsoft Corporation Licenses | 12/30/22 | $1,326,786 |
Copy Plus Writing Llc Website Content | 12/30/22 | $1,035,428 |
The Broadmoor Hotel Event | 12/30/22 | $2,253,526 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $40,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,200,550 |
| Total Program Service Revenue | $215,650,000 |
| Investment income | $4,143,021 |
| 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 | $274,970,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,088,500 |
| 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. | $3,747,290 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,803,204 |
| Pension plan accruals and contributions | $2,855,043 |
| Other employee benefits | $7,991,935 |
| Payroll taxes | $3,802,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $281,642 |
| Fees for services: Accounting | $52,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,042,507 |
| Advertising and promotion | $21,122 |
| Office expenses | $2,753,822 |
| Information technology | $1,426,074 |
| Royalties | $0 |
| Occupancy | $17,046,618 |
| Travel | $3,736,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,185,780 |
| Interest | $150,511 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $404,761 |
| Insurance | $527,393 |
| All other expenses | $321,486 |
| Total functional expenses | $261,416,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,553,533 |
| Savings and temporary cash investments | $22,072,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,575,291 |
| 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 | $5,272,623 |
| Net Land, buildings, and equipment | $181,953 |
| Investments—publicly traded securities | $34,390,409 |
| Investments—other securities | $200,700,963 |
| Investments—program-related | $0 |
| Intangible assets | $141,008 |
| Other assets | $14,711,702 |
| Total assets | $292,599,986 |
| Accounts payable and accrued expenses | $28,648,488 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $20,100,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,378,351 |
| Total liabilities | $68,126,839 |
| Net assets without donor restrictions | $224,473,147 |
| 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 | $292,599,986 |
Grants Awarded
Over the last fiscal year, Stand Together Chamber Of Commerce Inc has awarded $90,088,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICANS FOR PROSPERITY PURPOSE: GENERAL SUPPORT | $60,000,000 |
CARE LAB PURPOSE: GENERAL SUPPORT | $150,000 |
AMERICANS FOR PROSPERITY ACTION PURPOSE: GENERAL SUPPORT | $26,500,000 |
CECU PURPOSE: GENERAL SUPPORT | $100,000 |
CHRISTIANITY TODAY PURPOSE: GENERAL SUPPORT | $20,000 |
DEVOTED DREAMERS FOUNDATION PURPOSE: GENERAL SUPPORT | $8,500 |