Us Chamber Of Commerce Foundation
- Assets
- $77.5m
- Revenue
- $58.0m
- Investments
- $0.0
- Employees
- 68
- Location
- Washington, DC
- Founding
- 10/2013
- Data as of
- 12/2021
- EIN
- 46-1561597
Organization Overview
Us Chamber Of Commerce Foundation is located in Washington, DC. The organization was established in 2013. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2021, Us Chamber Of Commerce Foundation employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us Chamber Of Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Us Chamber Of Commerce Foundation generated $58.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $54.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Us Chamber Of Commerce Foundation has awarded 261 individual grants totaling $24,127,307. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE US CHAMBER OF COMMERCE FOUNDATION CONDUCTS (PLEASE SEE SCHEDULE O FOR THE CONTINUATION) CHARITABLE AND EDUCATIONAL ACTIVITIES TO ADDRESS ISSUES AFFECTING OUR NATION, OUR ECONOMY, AND THE GLOBAL BUSINESS ENVIRONMENT.
Describe the Organization's Program Activity:
GLOBAL TASK FORCE (GTF) - GTF IS A PUBLIC-PRIVATE PARTNERSHIP THAT PROVIDES A UNIFIED PLATFORM FOR BUSINESSES TO MOBILIZE AND DELIVER RESOURCES TO ASSIST COVID-19 EFFORTS AMID RISING CASE COUNTS ACROSS THE GLOBE.
HIRING OUR HEROES (HOH) - HOH IS A NATIONWIDE EFFORT TO HELP VETERANS, TRANSITIONING SERVICE MEMBERS, AND MILITARY SPOUSES FIND MEANINGFUL EMPLOYMENT.
CORPORATE CITIZENSHIP CENTER (CCC) - CCC IS A LEADING RESOURCE FOR EDUCATING THE PUBLIC ON HOW BUSINESSES CAN AND DO MAKE A DIFFERENCE BY SOLVING THE COMPLEX CHALLENGES FACING SOCIETY. CCC'S COALITION TO BACK BLACK BUSINESSES IS A COLLECTIVE EFFORT TO SUPPORT BLACK SMALL BUSINESS OWNERS AND THE COMMUNITIES THEY SERVE IN AMERICA'S ECONOMICALLY DISTRESSED AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Cawley Westermann Svp, President | Officer | 32 | $367,169 |
Michael Carney SVP Emerging Issues | 12 | $320,678 | |
Eric Eversole Pres, Hoh | Officer | 38 | $319,904 |
Marc E Decourcey Svp, Ccc | Officer | 40 | $299,726 |
Kathryn Traver VP Operations | 40 | $209,076 | |
Morna Dexter VP Ops & Comms | 40 | $207,896 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Markham Group Llc Program Execution | 12/30/21 | $4,301,874 |
Robert G Sheets Workforce Research & Project Mgmt | 12/30/21 | $190,000 |
The Cicero Group Survey/research Rpts | 12/30/21 | $185,923 |
Cspence Group Website Development & Branding | 12/30/21 | $180,000 |
Hamilton Place Strategies Llc Public Affairs Consulting | 12/30/21 | $176,000 |
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 | $53,612,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,612,150 |
| Total Program Service Revenue | $659,839 |
| Investment income | $1,350,789 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,846,576 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,006,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,778,730 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $23,250,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $843,440 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,601,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,000,591 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,484 |
| Fees for services: Accounting | $72,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,608 |
| Fees for services: Other | $10,091,919 |
| Advertising and promotion | $171,716 |
| Office expenses | $292,099 |
| Information technology | $1,396,736 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $156,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $598,874 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $54,119,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,039,230 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $11,919,239 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,024,441 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $47,523,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,506,306 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,256,770 |
| Deferred revenue | $12,578,294 |
| 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 | $14,835,064 |
| Net assets without donor restrictions | $40,111,661 |
| Net assets with donor restrictions | $22,559,581 |
| 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 | $77,506,306 |
Grants Awarded
Over the last fiscal year, Us Chamber Of Commerce Foundation has awarded $3,508,230 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
Rockville, MD PURPOSE: Grant to pilot test a program to improve EITC participation and use. | $289,737 |
Washington, DC PURPOSE: Donation to establish a scholarship fund for the School of Law Dispute Resolution Certificate. | $60,000 |
Chamblee, GA PURPOSE: Donation to establish a scholarship fund to support trades workers. | $50,000 |
Washington, DC PURPOSE: Sponsorship of high school internship program. | $30,000 |
ALEXANDRIA PRIMARY CARE CLINIC PURPOSE: To aid a struggling small business in an economically distressed community. | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Us Chamber Of Commerce Foundation has recieved totaling $28,759,153.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $10,000,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $3,000,000 |
Starr Foundation New York, NY PURPOSE: EDUCATIONAL PROGRAMS, AND RENOVATION OF THE CHAMBER'S HISTORIC BUILDING ON LAFAYETTE PARK IN WASHINGTON, D.C. | $3,000,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $1,825,000 |
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO SUPPORT TWO STATEWIDE TALENT PIPELINE MANAGEMENT ACADEMIES WITH COMMUNITY COLLEGE PARTNERS. | $1,500,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $1,272,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Us Chamber Of Commerce Foundation Washington, DC | $77,506,306 | $58,006,979 |
America First Inc Arlington, VA | $3,850,844 | $14,195,522 |
National Student Clearinghouse Research Center Herndon, VA | $3,158,535 | $8,719,036 |
R Street Institute Washington, DC | $9,433,752 | $12,078,892 |
American Bankruptcy Institute Alexandria, VA | $21,045,850 | $6,767,069 |
Centerpoint Education Solutions Washington, DC | $2,694,353 | $5,212,147 |
National Association Of Independent Colleges & Universities Washington, DC | $15,482,036 | $7,647,704 |
Achieve Inc Silver Spring, MD | $324,503 | $3,902,025 |
Thomas B Fordham Institute Washington, DC | $10,011,588 | $4,932,903 |
Excelencia In Education Inc Washington, DC | $16,958,749 | $12,336,645 |
State Educational Technology Directors Association Glen Burnie, MD | $1,209,563 | $3,539,021 |
American Cornerstone Institute Inc Washington, DC | $2,381,561 | $5,226,033 |