Us Chamber Of Commerce Foundation
- Assets
- $77.5m
- Revenue
- $58.0m
- Investments
- $0.0
- Employees
- 65
- Location
- Washington, DC
- Founding
- 10/2013
- Data as of
- 12/2021
- EIN
- 46-1561597
Organization Overview
Us Chamber Of Commerce Foundation is located in Washington, DC. The organization was established in 2013. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2022, Us Chamber Of Commerce Foundation employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us Chamber Of Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Us Chamber Of Commerce Foundation generated $58.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $54.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Us Chamber Of Commerce Foundation has awarded 310 individual grants totaling $27,040,652. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE US CHAMBER OF COMMERCE FOUNDATION HARNESSES (PLEASE SEE SCHEDULE O FOR THE CONTINUATION) THE POWER OF BUSINESS TO CREATE SOLUTIONS FOR THE GOOD OF AMERICA AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIRING OUR HEROS (HOH) - HOH IS A NATIONWIDE EFFORT TO HELP VETERANS, TRANSITIONING SERVICE MEMBERS, AND MILITARY SPOUSES FIND MEANINGFUL EMPLOYMENT.
CENTER FOR EDUCATION AND WORKFORCE (CEW) - CEW CONDUCTS RESEARCH AND PRODUCES PROGRAMS ON EDUCATION AND WORKFORCE ISSUES.
CORPORATE CITIZENSHIP CENTER (CCC) - CCC IS A LEADING RESOURCE FOR EDUCATING THE PUBLIC ON HOW BUSINESSES CAN AND DO MAKE A DIFFERENCE BY SOLVING THE COMPLEX CHALLENGES FACING SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Clark Director, CEO | OfficerTrustee | 3 | $0 |
Diana Cantor Director | Trustee | 1 | $0 |
Thomas Kuhn Director | Trustee | 1 | $0 |
Michael S Neal Director | Trustee | 1 | $0 |
Thomas J Wilson Chair/director | Trustee | 1 | $0 |
Justin Waller COO | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Markham Group Llc Program Execution | 12/30/22 | $5,193,837 |
Robert G Sheets Workforce Research & Project Mgmt | 12/30/22 | $200,380 |
Hamilton Place Strategies Llc Public Affairs Consulting | 12/30/22 | $120,000 |
The Atlantic Monthly Group Llc Communications Support | 12/30/22 | $265,150 |
Hcm Strategists Llc Education Research & Project Mgmt | 12/30/22 | $180,623 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,612,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,612,150 |
| Total Program Service Revenue | $659,839 |
| Investment income | $1,350,789 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,846,576 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,006,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,778,730 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $23,250,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $843,440 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,601,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,000,591 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,484 |
| Fees for services: Accounting | $72,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,608 |
| Fees for services: Other | $10,091,919 |
| Advertising and promotion | $171,716 |
| Office expenses | $292,099 |
| Information technology | $1,396,736 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $156,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $598,874 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $54,119,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,039,230 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $11,919,239 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,024,441 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $47,523,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,506,306 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,256,770 |
| Deferred revenue | $12,578,294 |
| 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 | $0 |
| Total liabilities | $14,835,064 |
| Net assets without donor restrictions | $40,111,661 |
| Net assets with donor restrictions | $22,559,581 |
| 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 | $77,506,306 |
Grants Awarded
Over the last fiscal year, Us Chamber Of Commerce Foundation has awarded $2,913,345 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
A HOUSE CALLED HUE LLC PURPOSE: To aid a struggling small business in an economically distressed community. | $25,000 |
AIR XEO INC PURPOSE: To aid a struggling small business in an economically distressed community. | $25,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: Sponsorship of the Brain Ball charity event. | $10,000 |
ARKANSAS COMMUNITY COLLEGES PURPOSE: Grant to train leaders on improving career pathways for disadvantaged students. | $10,000 |
APOSTROPHE PUZZLES PURPOSE: To aid a struggling small business in an economically distressed community. | $25,000 |
BIPARTISAN POLICY CENTER INC PURPOSE: Grant to increase awareness of child care needs in nine regions/states. | $125,000 |