Georgia Chamber Of Commerce Inc
- Assets
- $9.7m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 48
- Location
- Atlanta, GA
- Founding
- 05/1984
- Data as of
- 12/2022
- 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 12/2022, Georgia Chamber Of Commerce Inc employed 48 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 12/2022, Georgia Chamber Of Commerce Inc generated $7.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $6.9m during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 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
2022
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 2022, 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. HIGHLIGHTS FROM THE GEORGIA CHAMBER'S 2022 ACCOMPLISHMENTS INCLUDE PRODUCTION OF "WINNING THE WAR FOR TALENT" REPORT WITH POLICY RECOMMENDATIONS TO ADDRESS LABOR SHORTAGE, ONGOING SUPPORT OF STATEWIDE ECONOMIC DEVELOPMENT SUCCESS THROUGH ANNOUNCEMENTS WITH RIVIAN AND HYUNDAI ELECTRIC VEHICLE FACILITIES, ESTABLISHED A WORKING GROUP REPRESENTING NON-METRO ATLANTA METROPOLITAN STATISTICAL AREA (MSA) CHAMBERS OF COMMERCE. THE GEORGIA CHAMBER GARNERED SOCIAL MEDIA IMPRESSIONS OF 12.22 BILLION WORLDWIDE, ACHIEVED AN 80.7 PERCENT MEMBERSHIP RETENTION RATE, AND CONTINUTED THE SMART PLAN SMALL BUSINESS INSURANCE PROGRAM TO COVER NEARLY 50,000 LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Clark Jr Ceo/president | Officer | 40 | $932,600 |
David Raynor Sr VP Govt Affairs | Officer | 40 | $290,584 |
Stephanie Martin Treasurer, CFO | Officer | 40 | $284,896 |
Morgan Law Executive Director | 40 | $250,000 | |
Kate Coffey Business Dev. Manager | 40 | $189,998 | |
Jessica Johnson Business Dev. Manager | 40 | $177,567 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
270 Lp Rent | 12/30/22 | $465,016 |
Audio Visual And Lighting Solutions Event A/v Services | 12/30/22 | $231,158 |
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 | $78,217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,217 |
| Total Program Service Revenue | $7,484,448 |
| Investment income | $8,474 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $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 | $7,601,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $1,581,767 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,637,337 |
| Pension plan accruals and contributions | $56,111 |
| Other employee benefits | $235,025 |
| Payroll taxes | $171,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,695 |
| Fees for services: Accounting | $47,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $204,721 |
| Advertising and promotion | $0 |
| Office expenses | $203,640 |
| Information technology | $62,215 |
| Royalties | $0 |
| Occupancy | $535,950 |
| Travel | $122,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,450,873 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,564 |
| Insurance | $23,829 |
| All other expenses | $0 |
| Total functional expenses | $6,948,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,253,302 |
| Savings and temporary cash investments | $2,995,813 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $233,894 |
| 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 | $297,078 |
| Net Land, buildings, and equipment | $145,350 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,775,297 |
| Total assets | $9,700,734 |
| Accounts payable and accrued expenses | $607,244 |
| Grants payable | $0 |
| Deferred revenue | $2,377,284 |
| 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 | $2,563,329 |
| Total liabilities | $5,547,857 |
| Net assets without donor restrictions | $3,866,132 |
| Net assets with donor restrictions | $286,745 |
| 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 | $9,700,734 |
Grants Awarded
Over the last fiscal year, Georgia Chamber Of Commerce Inc has awarded $41,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL OF STATE CHAMBERS PURPOSE: COSC POLICY CENTER | $6,900 |
GEORGIA PARTNERSHIP FOR EXCELLENCE IN EDUCATION PURPOSE: 5TH ED-ECONOMICS OF EDUCATION | $5,000 |
LEADERSHIP GEORGIA PURPOSE: GENERAL SUPPORT | $30,000 |