Georgia Chamber Of Commerce Inc
- Assets
- $7.5m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 47
- Location
- Atlanta, GA
- Founding
- 05/1984
- Data as of
- 12/2021
- EIN
- 58-1537370
Organization Overview
Georgia Chamber Of Commerce Inc is located in Atlanta, GA. The organization was established in 1984. 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, Georgia Chamber Of Commerce Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Chamber Of Commerce Inc 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, Georgia Chamber Of Commerce Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $6.1m during the year ending 12/2021. 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
THE GEORGIA CHAMBER OF COMMERCE IS THE UNIFIED VOICE OF THE BUSINESS COMMUNITY, AGGRESSIVELY ADVOCATING THE BUSINESS VIEWPOINT IN THE SHAPING OF THE PUBLIC POLICY, ENCOURAGING ETHICAL BUSINESS PRACTICES AND ENSURING THE STATE'S FUTURE AS ECONOMICALLY PROSPEROUS, EDUCATIONALLY COMPETITIVE AND ENVIRONMENTALLY RESPONSIBLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GEORGIA CHAMBER WORKS TO EXPAND GEORGIA'S GLOBAL COMPETITIVENESS TO ATTRACT NEW INVESTMENT AND CREATE OPPORTUNITY AND PROSPERITY FOR ALL GEORGIANS. IN 2021, THE GEORGIA CHAMBER OF COMMERCE CONTINUED ITS MISSION TO SUPPORT TO PROVIDE COORDINATED LEADERSHIP TO PROTECT FREE ENTERPRISE, ENGAGE MEMBERS, CAPITALIZE ON EMERGING TRENDS, AND MITIGATE RISK TO GEORGIA BUSINESSES. ALL OF THIS WAS DONE IN ADDITION TO THE ONGOING EFFORTS TO SUPPORT BUSINESSES AS THEY EMERGE FROM THE SHADOW OF THE COVID-19 PANDEMIC.HIGHLIGHTS FROM THE GEORGIA CHAMBER'S 2021 ACCOMPLISHMENTS INCLUDE LEGISLATIVE SUPPORT TO PASS A RETRACTION OF GEORGIA'S OUTDATED CITIZENS' ARREST LAWS, CONTINUED LEGISLATIVE AND REGULATORY COVID-19 RELATED PROTECTIONS FOR BUSINESSES, THE IMPLEMENTATION OF A PARTNERSHIP TO OFFER RETIREMENT PLANNING TO SUPPORT SMALL BUSINESSES, THE RETURN TO IN PERSON EVENTS WHICH INCLUDED THE EXPANSION OF THE GEORGIA CHAMBER'S RURAL PROSPERITY SUMMIT INTO A THREE DAY PROGRAM WITH A NATIONAL FOCUS, AND CONTINUED ENGAGEMENT WITH GEORGIA CHAMBER MEMBERS ACROSS THE STATE OF GEORGIA.THE GEORGIA CHAMBER'S 2021 MEDIA OUTREACH AND SOCIAL MEDIA EFFORTS GARNERED 14 BILLION IMPRESSIONS WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Clark Jr Ceo/president | Officer | 40 | $563,258 |
David Raynor Sr VP Govt Affairs | Officer | 40 | $237,480 |
Stephanie Martin Treasurer, CFO | Officer | 40 | $208,294 |
Morgan Law Executive Director | 40 | $175,123 | |
Kate Coffey Business Dev. Manager | 40 | $173,049 | |
Cosby Johnson Vp, Government Affairs | 40 | $140,196 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
270 Lp Rent | 12/30/21 | $500,828 |
Audio Visual And Lighting Solutions Event A/v Services | 12/30/21 | $218,121 |
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 | $273,720 |
| Noncash contributions included in lines 1a–1f | $234,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,720 |
| Total Program Service Revenue | $6,757,589 |
| Investment income | $3,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,500 |
| 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 | $7,231,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900 |
| 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. | $1,266,510 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,567,109 |
| Pension plan accruals and contributions | $39,354 |
| Other employee benefits | $236,317 |
| Payroll taxes | $168,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,075 |
| Fees for services: Accounting | $30,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,897 |
| Advertising and promotion | $0 |
| Office expenses | $128,943 |
| Information technology | $60,929 |
| Royalties | $0 |
| Occupancy | $543,063 |
| Travel | $88,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $979,577 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,879 |
| Insurance | $29,760 |
| All other expenses | $5,105 |
| Total functional expenses | $6,121,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,944,073 |
| Savings and temporary cash investments | $2,886,862 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $321,820 |
| 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 | $270,406 |
| Net Land, buildings, and equipment | $122,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $928,110 |
| Total assets | $7,473,907 |
| Accounts payable and accrued expenses | $537,467 |
| Grants payable | $0 |
| Deferred revenue | $2,491,775 |
| 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 | $944,573 |
| Total liabilities | $3,973,815 |
| Net assets without donor restrictions | $3,215,653 |
| Net assets with donor restrictions | $284,439 |
| 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 | $7,473,907 |
Grants Awarded
Over the last fiscal year, Georgia Chamber Of Commerce Inc has awarded $41,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: GENERAL SUPPORT | $30,000 |
Palmyra, PA PURPOSE: COSC POLICY CENTER | $6,900 |
Atlanta, GA PURPOSE: 5TH ED-ECONOMICS OF EDUCATION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Georgia Chamber Of Commerce Inc has recieved totaling $45,531.
| Awarding Organization | Amount |
|---|---|
Georgia Association Of Realtors Inc Atlanta, GA PURPOSE: FINANCIAL ASSISTANCE | $25,000 |
Georgia Community Foundation Inc Peachtree Corners, GA PURPOSE: CONTRIBUTION | $15,000 |
Georgia Transportation Alliance Inc Atlanta, GA PURPOSE: GENERAL SUPPORT | $5,531 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
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 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |
Panama City Beach Convention And Vistors Bureau Inc Panama City Beach, FL | $6,910,172 | $13,906,597 |
Florida Reliability Coordinating Council Tampa, FL | $10,138,227 | $13,874,923 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |
National Cotton Council Of America Cordova, TN | $27,244,437 | $12,698,051 |
Catapult Employers Association Inc Charlotte, NC | $29,062,151 | $11,591,592 |