Chamber Of Progress
- Assets
- $10.4m
- Revenue
- $29.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Mclean, VA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3963084
Organization Overview
Chamber Of Progress is located in Mclean, VA. 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, Chamber Of Progress employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Progress 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, Chamber Of Progress generated $29.9m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AN INDUSTRY COALITION PROMOTING TECHNOLOGY'S PROGRESSIVE FUTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ADVOCATED FOR TECHNOLOGY REGULATION THAT ENSURES COMPANIES OPERATE FAIRLY, CONSUMERS ENJOY THE BENEFITS OF TECHNOLOGY, AND THAT ABUSES AND EXCESSES OF TECHNOLOGY ARE LIMITED.
THE ORGANIZATION ADVOCATED FOR GREATER ACCESS TO TECHNOLOGY'S BENEFITS, THROUGH BROADBAND AND TRAINING BENEFITS, AS WELL AS PROGRESSIVE SOCIAL AND TAXATION POLICIES TO ENSURE A FAIRER SOCIETY.
THE ORGANIZATION ENGAGED IN LEGAL ADVOCACY TO PROMOTE HEALTHY ONLINE COMMUNITIES AND OPPOSE RESTRICTIONS ON CONTENT MODERATION ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Kovacevich Chief Executive Officer | OfficerTrustee | 40 | $455,593 |
Maura Corbett Secretary | OfficerTrustee | 0.25 | $0 |
Julie Samuels Treasurer | OfficerTrustee | 0.25 | $0 |
Randall Rothenberg Board Member | Trustee | 0.25 | $0 |
Hillary Brill Board Member | Trustee | 0.25 | $0 |
Koustubh Bagchi Vice President Of Technology Policy | Officer | 40 | $186,667 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beekeeper Group Llc Communications, Advocacy, And Digital Ma | 12/30/22 | $6,798,299 |
Penta Group Holdings Inc Public Affairs Consulting | 12/30/22 | $10,860,301 |
Path To Victory Llc Strategic Communication | 12/30/22 | $1,753,954 |
Black Rock Group Advertising & Marketing Consulting | 12/30/22 | $167,189 |
Normington Petts & Associates Polling & Research Project Expenses | 12/30/22 | $666,280 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $29,737,121 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $29,920,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,017 |
| 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. | $674,149 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $958,627 |
| Pension plan accruals and contributions | $135,120 |
| Other employee benefits | $23,168 |
| Payroll taxes | $111,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,601 |
| Fees for services: Accounting | $11,575 |
| Fees for services: Lobbying | $255,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $558,271 |
| Advertising and promotion | $393,408 |
| Office expenses | $50,164 |
| Information technology | $81,613 |
| Royalties | $0 |
| Occupancy | $27,709 |
| Travel | $141,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,543 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,182 |
| Insurance | $13,767 |
| All other expenses | $0 |
| Total functional expenses | $24,240,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,799,006 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $525,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $23,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,387 |
| Total assets | $10,357,158 |
| Accounts payable and accrued expenses | $87,744 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $87,744 |
| Net assets without donor restrictions | $0 |
| 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 | $10,269,414 |
| Total liabilities and net assets/fund balances | $10,357,158 |
Grants Awarded
Over the last fiscal year, Chamber Of Progress has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DEMOCRATIC LEGISLATIVE CAMPAIGN COMMITTEE PURPOSE: DENVER EVENT AND CORPORATE SPONSORSHIP | $10,000 |
NCSL FOUNDATION FOR STATE LEGISLATURES PURPOSE: GENERAL SUPPORT | $10,000 |