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Nonprofiteer
← NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE.

Totals

Total revenue
$10,551,828
Total expenses
$8,598,302
Contributions and grants received
$7,699,724
Grants paid
$1,817,630
Program service revenue
$3,073,888
Investment income
$39,396
Other revenue
-$261,180
Total assets, end of year
$15,331,208
Total liabilities, end of year
$7,092,126
Net assets or fund balances, end of year
$8,239,082
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $3,232,956

  • 1c · Fundraising events

    $688,971

  • 1d · Related organizations

    $2,210,000

  • 1e · Government grants (contributions)

    $50,588

  • 1f · All other contributions, gifts and grants

    $1,517,209

  • 1g · Noncash contributions included above

    $45,000

  • 2a · Program service revenue: CONFERENCE FEES

    total $2,714,671 · related or exempt $2,714,671

  • 2b · Program service revenue: MEMBERSHIP

    total $359,217 · related or exempt $359,217

  • 3 · Investment income

    total $39,396 · excluded $39,396

  • 6a · Gross rents

    real property $387,581

  • 6b · Less rental expenses

    real property $57,489

  • 6c · Rental income or loss

    real property $330,092

  • 6d · Net rental income or loss

    total $330,092 · excluded $330,092

  • 8a · Fundraising events: gross income

    $147,650

  • 8a · Fundraising events: contributions included on line 1c

    $688,971

  • 8b · Fundraising events: direct expenses

    $751,646

  • 8c · Net income from fundraising events

    total -$603,996 · excluded -$603,996

  • 11a · Other revenue: MISCELLANEOUS

    total $12,724 · excluded $12,724

  • 11e · Other revenue, total

    $12,724

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,817,630

  • 5 · Compensation of officers, directors and key employees

    total $1,110,263

  • 7 · Other salaries and wages

    total $1,355,151

  • 8 · Pension plan contributions

    total $20,610

  • 9 · Other employee benefits

    total $130,354

  • 10 · Payroll taxes

    total $141,119

  • 11b · Fees: legal

    total $16,429

  • 11c · Fees: accounting

    total $225,109

  • 11f · Fees: investment management

    total $4,992

  • 11g · Fees: other

    total $778,740

  • 12 · Advertising and promotion

    total $56,863

  • 13 · Office expenses

    total $54,055

  • 14 · Information technology

    total $100,186

  • 16 · Occupancy

    total $488,259

  • 17 · Travel

    total $411,074

  • 19 · Conferences, conventions and meetings

    total $1,325,404

  • 22 · Depreciation, depletion and amortization

    total $62,740

  • 23 · Insurance

    total $19,954

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $384,484

  • 24b · Other expenses: CREDIT CARD FEES

    total $61,071

  • 24c · Other expenses: PAYROLL PROCESSING FEES

    total $10,468

  • 24d · Other expenses: SUBSCRIPTIONS

    total $9,500

  • 24e · All other expenses

    total $13,847

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,260,703 · end of year $2,821,844

  • 2 · Savings and temporary cash investments

    end of year $2,185,206

  • 3 · Pledges and grants receivable

    end of year $250,000

  • 4 · Accounts receivable

    beginning of year $1,991,341 · end of year $2,480,203

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,113 · end of year $79,455

  • 10a · Land, buildings and equipment: cost or other basis

    $383,894

  • 10b · Land, buildings and equipment: accumulated depreciation

    $146,757

  • 10c · Land, buildings and equipment, net

    beginning of year $115,584 · end of year $237,137

  • 11 · Investments: publicly traded securities

    end of year $3,341,574

  • 15 · Other assets

    beginning of year $3,980,347 · end of year $3,935,789

  • 17 · Accounts payable and accrued expenses

    beginning of year $488,040 · end of year $592,108

  • 18 · Grants payable

    beginning of year $420,000 · end of year $241,455

  • 19 · Deferred revenue

    beginning of year $1,443,366 · end of year $2,834,982

  • 25 · Other liabilities

    beginning of year $3,703,389 · end of year $3,423,581

  • 27 · Net assets without donor restrictions

    beginning of year $4,302,293 · end of year $5,061,582

  • 28 · Net assets with donor restrictions

    beginning of year $2,001,000 · end of year $3,177,500

Mission and programs · 2022

Mission

ADVOCATING ON BEHALF OF GAY, LESBIAN, BI-SEXUAL AND TRANSGENDER (LGBT) OWNED BUSINESSES, PROFESSIONAL, STUDENT OF BUSINESS, AND CORPORATIONS. FORMATION OF A BROAD-BASED COALITION REPRESENTATIVE OF VARIOUS INTERESTS OF LGBT-OWNED AND FRIENDLY BUSINESS; AND TO HELP EXPAND OPPORTUNITIES, GROWTH, INNOVATION AND EQUALITY WITHIN THE LGBT COMMUNITY.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • SUPPLIER DIVERSITY INITIATIVE (SDI): NGLCC OFFERED CERTIFICATION TO LGBT ENTERPRISES (LGBTE), AS WELL AS A HOST OF OPPORTUNITIES TO ENHANCE BUSINESS VISIBILITY TO CORPORATIONS SEEKING TO DO BUSINESS WITH LGBTE'S. THE SDI ALSO PROVIDED OPPORTUNITIES TO MEET FACE-TO-FACE WITH POTENTIAL SUPPLIERS AT NGLCC SDI MATCH-MAKING EVENTS ACROSS THE COUNTRY THROUGHOUT THE YEAR. ADDITIONALLY, NGLCC HAS INCREASED EFFORTS TO EXPAND SDI OVERSEAS, ESPECIALLY IN SOUTH AMERICA IN THE LAST 6-7 YEARS.

  • AFFILIATE RELATIONS: NGLCC HAS FOCUSED EFFORTS OVER THE LAST 7-8 YEARS TO PROVIDE A FOUNDATION AND PLATFORM FOR A NETWORK OF AFFILIATE CHAMBERS, BOTH ACROSS THE UNITED STATES AND INTERNATIONALLY. THERE IS A PORTION OF THE NGLCC STAFF DEDICATED TO THE OUTREACH, COMMUNICATION AND EDUCATION THAT FORM THE BASIS FOR THIS NETWORK OF AFFILIATE CHAMBERS.

  • NGLCC HAS PARTNERED WITH USAID IN AN INITIATIVE TO PROMOTE LGBT BUSINESS GROWTH IN SPECIFIC COUNTRIES IN LATIN AMERICA AND OTHER SELECTED LOCALES AROUND THE WORLD. IN ADDITION ASSISTING MEMBER COUNTRIES IN LAUNCHING THEIR OWN LGBT CHAMBER OF COMMERCE AND CREATING AVENUES FOR US LGBT BUSINESSES TO BECOME TRADING AND STRATEGIC PARTNERS WITH NASCENT LGBT BUSINESSES IN TARGETED PROGRAM COUNTRIES, IT WILL ALSO ENCOURAGE PROGRAM COUNTRY BUSINESSES TO BECOME SUPPLIERS TO THE INTERNATIONAL COMMUNITY.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHANCE MITCHELL

    CO-FOUNDER, CEO

    Total calculated
    $586,702
    From this org
    $533,562
    From related orgs
    $0
    Other
    $53,140
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $421,062
    Bonus
    $112,500
    Other
    $0
    Deferred
    $38,800
    Nontaxable benefits
    $14,340
    Filer's total
    $586,702

  • JUSTIN NELSON

    CO-FOUNDER, PRESIDENT

    Total calculated
    $571,178
    From this org
    $531,762
    From related orgs
    $0
    Other
    $39,416
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $419,262
    Bonus
    $112,500
    Other
    $0
    Deferred
    $29,640
    Nontaxable benefits
    $9,776
    Filer's total
    $571,178

  • CAROL ATTAK

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • MICHAEL FULLER

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • MARK BERTOLINI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • PAUL ASHLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • PATRICK QUAYLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • PATRICK O'KEEFE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • NEDRA DICKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • VONSHE JENKINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • ANTHONY WISNIEWSKI

    EXECUTIVE VP

    Total calculated
    $182,110
    From this org
    $162,950
    From related orgs
    $0
    Other
    $19,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,250
    Bonus
    $16,200
    Other
    $1,500
    Deferred
    $9,735
    Nontaxable benefits
    $9,425
    Filer's total
    $182,110

  • SABRINA KENT

    EXECUTIVE VP

    Total calculated
    $178,821
    From this org
    $164,950
    From related orgs
    $0
    Other
    $13,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,250
    Bonus
    $19,700
    Other
    $0
    Deferred
    $9,855
    Nontaxable benefits
    $4,016
    Filer's total
    $178,821

  • AURELIO HURTADO DE MENDOZA

    SENIOR VP

    Total calculated
    $151,999
    From this org
    $138,250
    From related orgs
    $0
    Other
    $13,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,250
    Bonus
    $22,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,749
    Filer's total
    $151,999

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
PART OF EMPLOYEE'S BENEFITS PACKAGE INCLUDES PAYING FOR A PORTION OF HEALTH CLUB DUES.
PART I, LINE 4B
NGLCC A RELATED ORGANIZATION IMPLEMENTED A 457(F) RETIREMENT PLAN DURING 2018. AS OF DECEMBER 31, 2022, TOTAL DEFERRED COMPENSATION AMOUNTED TO $130,960 AND WAS INVESTED IN INSURED DEPOSIT ACCOUNTS AND MUTUAL FUNDS. NO EMPLOYER CONTRIBUTIONS WERE MADE TO THE PLAN DURING THE YEAR ENDED DECEMBER 31, 2022.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • NGLCC FOUNDATION

    501(C)(3) · SUPPORT NGLCC WORK IN EDUCATION · DE · controlled entity

    Directly controlled by NGLCC

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349307399

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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