Chamber Of Commerce Of The United States Of America
- Assets
- $132.1m
- Revenue
- $203.9m
- Investments
- $0.0
- Employees
- 455
- Location
- Washington, DC
- Founding
- 11/1940
- Data as of
- 12/2021
- EIN
- 53-0045720
Organization Overview
Chamber Of Commerce Of The United States Of America is located in Washington, DC. The organization was established in 1940. 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 Commerce Of The United States Of America employed 455 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce Of The United States Of America 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 Commerce Of The United States Of America generated $203.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $191.5m during the year ending 12/2021. While expenses have increased by 1.2% 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 ADVANCE HUMAN PROGRESS THROUGH AN ECONOMIC, (PLEASE SEE SCHEDULE O FOR THE CONTINUATION)POLITICAL, AND SOCIAL SYSTEM BASED ON INDIVIDUAL FREEDOM, INCENTIVE, OPPORTUNITY AND RESPONSIBILITY. THE CHAMBER OF COMMERCE OF THE USA IMPROVES LIVES BY ADVANCING AMERICAN BUSINESS. WE ADVOCATE FOR POLICIES THAT HELP BUSINESSES CREATE JOBS AND GROW OUR ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOREIGN AND DOMESTIC POLICY EXPERTS, LOBBYISTS, AND COMMUNICATORS ADVANCE THE ISSUES THAT MATTER TO OUR MEMBERS BY WORKING WITH PARTNERS IN BUSINESS AND GOVERNMENT, INFLUENCING PUBLIC POLICYMAKING, AND PARTICIPATING IN THE PUBLIC DEBATE.
WE FOSTER RELATIONSHIPS WITH INTERNATIONAL PARTNERS TO ENHANCE COMPETITIVENESS IN THE GLOBAL MARKETPLACE AND STRENGTHEN THE GLOBAL ECONOMY. WE ADVOCATE FOR OPEN MARKETS, A LEVEL PLAYING FIELD FOR AMERICAN BUSINESSES, AND STRONG, ENFORCEABLE TRADE AGREEMENTS.
WE WORK WITH STATE AND LOCAL CHAMBERS AND BUSINESS ASSOCIATIONS IN WASHINGTON AND ACROSS THE COUNTRY TO REPRESENT THE BREADTH AND DIVERSITY OF AMERICAN BUSINESS. TOGETHER, WE BUILD AWARENESS OF BUSINESS PRIORITIES AND GENERATE GRASSROOTS ADVOCACY TO INFLUENCE PUBLIC POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Donohue See Sch O Ceo/director | OfficerTrustee | 39 | $9,221,015 |
Suzanne P Clark President & Ceo/director | OfficerTrustee | 37 | $5,130,536 |
Agnes Warfield-Blanc Evp, Dev And Fund | Officer | 40 | $3,190,129 |
Justin Waller Evp, COO | Officer | 38 | $1,966,601 |
Myron Brilliant Evp & Head Intl | Officer | 39 | $1,888,129 |
David T Hirschmann Pres/ceo, Ccmc/gipc/c_tec | 40 | $1,700,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcdermott Will & Emery Legal Policy Consult | 12/30/21 | $1,263,434 |
Greenwood Point International Llc Consulting | 12/30/21 | $993,263 |
Wilmer Cutler Pickering Hale & Dorr Llp Legal Services | 12/30/21 | $1,809,271 |
Wiley Rein Llp Legal Services | 12/30/21 | $841,922 |
Lockton Companies Llc Insurance Services | 12/30/21 | $827,894 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,653,364 |
| Fundraising events | $0 |
| Related organizations | $2,135,993 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,672,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,461,444 |
| Total Program Service Revenue | $3,541,002 |
| Investment income | $110,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,090 |
| Net Gain/Loss on Asset Sales | $4,715 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,890,689 |
| 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. | $26,992,362 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,507,261 |
| Pension plan accruals and contributions | $4,619,935 |
| Other employee benefits | $0 |
| Payroll taxes | $5,086,993 |
| Fees for services: Management | $2,078,270 |
| Fees for services: Legal | $1,939,206 |
| Fees for services: Accounting | $741,308 |
| Fees for services: Lobbying | $12,311,566 |
| Fees for services: Fundraising | $796,115 |
| Fees for services: Investment Management | $9,425 |
| Fees for services: Other | $24,016,786 |
| Advertising and promotion | $4,536,998 |
| Office expenses | $3,900,627 |
| Information technology | $5,273,399 |
| Royalties | $0 |
| Occupancy | $9,741,190 |
| Travel | $1,321,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,191,188 |
| Interest | $633,113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,376,186 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $191,533,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,895,553 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $53,308,209 |
| Accounts receivable, net | $310,000 |
| 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 | $2,103,487 |
| Net Land, buildings, and equipment | $18,243,904 |
| Investments—publicly traded securities | $5,256,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,117,403 |
| Accounts payable and accrued expenses | $35,301,964 |
| Grants payable | $0 |
| Deferred revenue | $43,750 |
| 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 | $33,435,542 |
| Total liabilities | $68,781,256 |
| Net assets without donor restrictions | -$82,997,340 |
| Net assets with donor restrictions | $146,333,487 |
| 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 | $132,117,403 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Chamber Of Commerce Of The United States Of America has recieved totaling $2,562,493.
| Awarding Organization | Amount |
|---|---|
Us Chamber Of Commerce Foundation Washington, DC PURPOSE: Grant for the historic preservation of the U.S. Chamber of Commerce Building at 1615 H Street, NW Washington, DC, a registered historic landmark, in partnership with the National Trust for Historic Preservation. All payments under the grant must be for costs approved by the National Trust for Historic Preservation. This grant ensures that the public benefits from the historical and architectural value of the building. | $2,135,993 |
American Property Casualty Insurance Association Chicago, IL PURPOSE: GENERAL SUPPORT | $150,000 |
Guarding Against Pandemics Washington, DC PURPOSE: GENERAL SUPPORT | $75,000 |
Edison Electric Institute Washington, DC PURPOSE: CONTRIBUTION/PROGRAM SUPPORT | $60,000 |
Motion Picture Association Inc Sherman Oaks, CA PURPOSE: GENERAL SUPPORT | $50,000 |
American Fuel And Petrochemical Manufacturers Washington, DC PURPOSE: GENERAL SUPPORT | $26,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Finra Regulation Inc Rockville, MD | $51,636,831 | $1,138,654,783 |
Securities Investor Protection Corporation Washington, DC | $4,382,745,297 | $520,971,678 |
Stand Together Chamber Of Commerce Inc Arlington, VA | $220,861,452 | $325,758,897 |
American Petroleum Institute Washington, DC | $119,123,451 | $228,789,035 |
Chamber Of Commerce Of The United States Of America Washington, DC | $132,117,403 | $203,890,689 |
Society For Human Resource Management Alexandria, VA | $273,747,773 | $173,516,006 |
American Bankers Association Washington, DC | $263,742,289 | $140,712,476 |
National Restaurant Association Washington, DC | $192,667,812 | $96,146,955 |
American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
Credit Union National Association Inc Washington, DC | $67,388,582 | $69,543,852 |
Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |