North Carolina Chamber
- Assets
- $5.4m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 36
- Location
- Raleigh, NC
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 56-0340499
Organization Overview
North Carolina Chamber is located in Raleigh, NC. The organization was established in 1995. 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, North Carolina Chamber employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Chamber 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, North Carolina Chamber generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 0.1% 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 BUSINESS INTERESTS IN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY - REPRESENTATION BEFORE LEGISLATIVE BODIES AS WELL AS ATTENDING HEARINGS TO UNDERSTAND PROPOSED LEGISLATION AND ADVOCATE FOR THE POLICIES THAT MOVE THE STATE FORWARD.
MEMBERSHIP SERVICES - DEVELOPING RELATIONSHIPS WITH MEMBERS TO UNDERSTAND THEIR BUSINESS CONCERNS AND COMMUNICATE RELEVANT INFORMATION INCLUDING POTENTIAL LAW CHANGES THAT AFFECT THEIR BUSINESS.
EDUCATION & AWARENESS - SEMINARS REGARDING AREAS OF INTEREST AND TRENDING ISSUES HELD FOR MEMBERS AND GENERAL PUBLIC FOR PURPOSES OF EDUCATING AND INFORMING.
POLITICAL PROGRAM - PROGRAM THAT ANALYZES AND SHAPES THE POLITICAL LANDSCAPE TO MAKE CHANGE POSSIBLE BY DESIGNATING JOBS CHAMPIONS & JOBS ADVOCATES IN THE GENERAL ASSEMBLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Salamido President/ce | OfficerTrustee | 34.5 | $476,380 |
Raymond Starling General Coun | Officer | 30 | $310,541 |
Beth Shore VP Of Busine | Officer | 37.5 | $188,443 |
Kate Payne VP Of Commun | Officer | 36.5 | $179,269 |
Amy Fowler VP Of Financ | 30 | $149,981 | |
Kelly Fuller Foundation P | 7.5 | $126,617 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Relyus Printing | 12/30/18 | $179,875 |
Cole Hargrave Snodgrass & Associates Consulting | 12/30/18 | $167,659 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $300,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,500 |
| Total Program Service Revenue | $4,882,104 |
| Investment income | $58,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $465 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $516,121 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,813,998 |
| 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. | $1,443,080 |
| Compensation of current officers, directors, key employees. | $342,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,809,726 |
| Pension plan accruals and contributions | $19,943 |
| Other employee benefits | $174,887 |
| Payroll taxes | $112,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,816 |
| Fees for services: Accounting | $39,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,988 |
| Fees for services: Other | $558,822 |
| Advertising and promotion | $0 |
| Office expenses | $196,986 |
| Information technology | $70,932 |
| Royalties | $0 |
| Occupancy | $355,816 |
| Travel | $6,689 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,984 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,054 |
| Insurance | $17,696 |
| All other expenses | $0 |
| Total functional expenses | $5,447,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $780,021 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,397 |
| 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 | $116,683 |
| Net Land, buildings, and equipment | $409,113 |
| Investments—publicly traded securities | $3,903,197 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,294 |
| Total assets | $5,379,705 |
| Accounts payable and accrued expenses | $688,592 |
| Grants payable | $0 |
| Deferred revenue | $1,902,336 |
| 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 | $2,590,928 |
| Net assets without donor restrictions | $2,788,777 |
| 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 | $5,379,705 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that North Carolina Chamber has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
North Carolina Electric Membership Corporation Raleigh, NC PURPOSE: ECONOMIC DEVELOPMENT ASSISTANCE | $5,000 |
North Carolina Electric Membership Corporation Raleigh, NC PURPOSE: ECONOMIC DEVELOPMENT ASSISTANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
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 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Pharmaceutical Industry Labor Management Association Alexandria, VA | $483,613 | $14,704,562 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |