Chamber Of Digital Commerce
- Assets
- $6.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Washington, DC
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 47-1183361
Organization Overview
Chamber Of Digital Commerce is located in Washington, DC. The organization was established in 2014. 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 12/2021, Chamber Of Digital Commerce employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Digital 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 12/2021, Chamber Of Digital Commerce generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.8% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 45.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ACCEPTANCE AND USE OF DIGITAL ASSETS AND BLOCKCHAIN-BASED TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER OF DIGITAL COMMERCE IS THE WORLD'S LEADING TRADE ASSOCIATION REPRESENTING THE DIGITAL ASSET AND BLOCKCHAIN INDUSTRY. OUR MEMBERSHIP CONSISTS OF THE WORLD'S LEADING INNOVATORS, OPERATORS AND INVESTORS IN THE DIGITAL ASSET AND BLOCKCHAIN TECHNOLOGY ECOSYSTEM, INCLUDING START-UPS, SOFTWARE COMPANIES, GLOBAL IT CONSULTANCIES, FINANCIAL INSTITUTIONS, INVESTMENT FIRMS AND LAW FIRMS. THE CHAMBER OF DIGITAL COMMERCE'S INITIATIVES AND WORKING GROUPS ARE MEMBER-DRIVEN AND REFLECT THE PRIORITIES RELEVANT TO THE BLOCKCHAIN ECOSYSTEM. MEMBER COMPANIES ARE INVITED TO PARTICIPATE AND/OR INITIATE NEW PLATFORMS FOR INDUSTRY COLLABORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perianne Boring President | OfficerTrustee | 40 | $246,666 |
Tobin Mccomas VP Of Development | 40 | $218,210 | |
Jon Boring Business Manager | Officer | 40 | $124,059 |
Matt Roszak Director | Trustee | 5 | $0 |
Michael Cohn Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patomak Global Partners Llc Communications Advisory Services | 12/30/21 | $246,988 |
Liquid Advisors Inc Strategic Advisory Services | 12/30/21 | $185,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,284,094 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $445,697 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $105,006 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,829,791 |
| Total Program Service Revenue | $469,000 |
| Investment income | $144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $167 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$167 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,308,024 |
| 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. | $397,407 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,141,601 |
| Pension plan accruals and contributions | $10,120 |
| Other employee benefits | $37,577 |
| Payroll taxes | $112,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,910 |
| Fees for services: Accounting | $111,670 |
| Fees for services: Lobbying | $543,696 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $398,488 |
| Advertising and promotion | $60,317 |
| Office expenses | $40,315 |
| Information technology | $56,880 |
| Royalties | $0 |
| Occupancy | $217,373 |
| Travel | $99,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $132,696 |
| Interest | $2,026 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,229 |
| Insurance | $5,314 |
| All other expenses | $538 |
| Total functional expenses | $3,483,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $921,318 |
| Savings and temporary cash investments | $1,000,437 |
| Pledges and grants receivable | $703,074 |
| Accounts receivable, net | $0 |
| 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 | $7,500 |
| Net Land, buildings, and equipment | $38,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,371,885 |
| Total assets | $6,042,657 |
| Accounts payable and accrued expenses | $292,940 |
| Grants payable | $0 |
| Deferred revenue | $28,730 |
| 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 | $321,670 |
| Net assets without donor restrictions | $5,720,987 |
| 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 | $6,042,657 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |