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Nonprofiteer
← NASHVILLE AREA CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by NASHVILLE AREA CHAMBER OF COMMERCE.

Totals

Total revenue
$12,125,233
Total expenses
$11,917,254
Contributions and grants received
$8,799,019
Grants paid
$0
Program service revenue
$3,145,122
Investment income
$181,092
Other revenue
$0
Total assets, end of year
$16,340,310
Total liabilities, end of year
$8,898,260
Net assets or fund balances, end of year
$7,442,050
Program services expenses (Part IX)
$8,821,458
Management and general expenses
$1,643,255
Fundraising expenses
$1,452,541
Program service expenses (Part III)
$8,821,458

Program services were 74.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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

    $1,895,728

  • 1f · All other contributions, gifts and grants

    $6,903,291

  • 2a · Program service revenue: PROGRAM FEES/SPONSORSHIPS

    total $3,145,122 · related or exempt $3,145,122

  • 3 · Investment income

    total $200,404 · excluded $200,404

  • 7a · Gross sales of assets other than inventory

    securities $148,639

  • 7b · Less cost or other basis and sales expenses

    securities $167,951

  • 7c · Gain or loss

    securities -$19,312

  • 7d · Net gain or loss

    total -$19,312 · excluded -$19,312

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,683,073 · program services $1,917,850 · management and general $424,241 · fundraising $340,982

  • 7 · Other salaries and wages

    total $3,804,830 · program services $2,719,678 · management and general $601,610 · fundraising $483,542

  • 11a · Fees: management

    total $211,321 · program services $169,219 · management and general $17,532 · fundraising $24,570

  • 13 · Office expenses

    total $323,702 · program services $316,427 · management and general $4,996 · fundraising $2,279

  • 14 · Information technology

    total $604,284 · program services $368,176 · management and general $217,614 · fundraising $18,494

  • 16 · Occupancy

    total $848,077 · program services $565,750 · management and general $153,400 · fundraising $128,927

  • 17 · Travel

    total $243,644 · program services $202,480 · management and general $28,982 · fundraising $12,182

  • 19 · Conferences, conventions and meetings

    total $2,832,539 · program services $2,413,097 · management and general $39,324 · fundraising $380,118

  • 22 · Depreciation, depletion and amortization

    total $169,133 · management and general $169,133

  • 23 · Insurance

    total $52,763 · program services $77,794 · management and general -$41,751 · fundraising $16,720

  • 24a · Other expenses: TAXES & LICENSES

    total $94,163 · program services $42,572 · management and general $11,182 · fundraising $40,409

  • 24b · Other expenses: PROFESSIONAL DUES & SUB

    total $29,410 · program services $14,276 · management and general $15,134 · fundraising $0

  • 24c · Other expenses: OTHER EXPENSES

    total $20,315 · program services $14,139 · management and general $1,858 · fundraising $4,318

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,811,181 · end of year $6,509,593

  • 3 · Pledges and grants receivable

    beginning of year $96,163 · end of year -$82,506

  • 9 · Prepaid expenses and deferred charges

    beginning of year $215,105 · end of year $321,520

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

    $1,427,689

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

    $730,653

  • 10c · Land, buildings and equipment, net

    beginning of year $756,449 · end of year $697,036

  • 11 · Investments: publicly traded securities

    beginning of year $3,141,045 · end of year $3,504,229

  • 15 · Other assets

    beginning of year $341,064 · end of year $5,390,438

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,240,020 · end of year $1,506,722

  • 19 · Deferred revenue

    beginning of year $2,191,142 · end of year $2,908,076

  • 25 · Other liabilities

    beginning of year $0 · end of year $4,483,462

  • 27 · Net assets without donor restrictions

    beginning of year $3,652,413 · end of year $4,040,734

  • 28 · Net assets with donor restrictions

    beginning of year $3,277,432 · end of year $3,401,316

Mission and programs · 2022

Mission

THE NASHVILLE AREA CHAMBER OF COMMERCE FACILITATES COMMUNITY LEADERSHIP TO CREATE ECONOMIC PROSPERITY.

  • MEMBERSHIP SERVICES:THE CHAMBER'S WORK IS MADE POSSIBLE BY ITS MEMBERS AND INVESTORS WHO ARE DRIVING OUR REGION'S FUTURE. THE CHAMBER REPRESENTS NEARLY 2,000 MEMBER COMPANIES. APPROXIMATELY 77% OF CHAMBER-MEMBER BUSINESSES HAVE 50 OR FEWER EMPLOYEES. THE CHAMBER CONTINUES TO ENHANCE ITS FOCUS ON SMALL BUSINESS SUPPORT BY PROVIDING EDUCATIONAL PROGRAMS, EVENTS, AND INITIATIVES. OVERALL, OVER 9,200 INDIVIDUALS ATTENDED MORE THAN 140 CHAMBER EVENTS AND WEBINARS. THE CHAMBER'S MEMBERS HAVE GROWN THEIR BUSINESSES, TAKEN LEADERSHIP ROLES IN THE COMMUNITY, MENTORED EACH OTHER, AND HELPED OUR REGION GROW AND PROSPER.

  • ECONOMIC DEVELOPMENT:ECONOMIC DEVELOPMENT ACTIVITIES ATTRACT NEW BUSINESSES TO THE REGION AND FACILITATE THE GROWTH OF EXISTING AREA BUSINESSES. THE CHAMBER'S ECONOMIC DEVELOPMENT TEAM WORK TO PROMOTE THE NASHVILLE REGION GLOBALLY TO SITE SELECTORS, BUSINESS LEADERS AND BUSINESS LOCATION DECISION MAKERS. EFFORTS OF THE CHAMBER RESULTED IN 26 ANNOUNCEMENTS WHICH INCLUDES 10 RELOCATIONS AND 16 EXPANSIONS AND 5,456 ANNOUNCED NEW JOBS.

  • EDUCATION AND TALENT DEVELOPMENT:CHAMBER STAFF DEVELOP EMPLOYER ACCESS TO A SKILLED LABOR FORCE BY FACILITATING TALENT PIPELINE SOLUTIONS. MEMBERS ENGAGE WITH AND ADVOCATE ON BEHALF OF THE ISSUES SURROUNDING P-12 EDUCATION, POSTSECONDARY, AND ADULT EDUCATION. ACADEMIES OF NASHVILLE:THE ACADEMIES OF NASHVILLE BRING REAL-WORLD EXPERIENCE ALIGNED TO CAREERS OF INTEREST TO 12 ZONED MNPS HIGH SCHOOLS. ENGAGEMENT OF BUSINESS AND COMMUNITY PARTNERS ENSURES STUDENTS GAIN INDUSTRY EXPOSURE, WHILE LOCAL COLLEGES AND UNIVERSITIES PROVIDE ACCESS TO A RANGE OF DUAL CREDIT, DUAL ENROLLMENT, AND INDUSTRY CREDENTIALS TO PREPARE EVERY STUDENT TO BE COLLEGE OR CAREER READY. THE CHAMBER SERVES AS A RESOURCE TO THE ACADEMIES OF NASHVILLE BY ENGAGING BUSINESSES IN THE SUCCESS OF STUDENTS AND TEACHERS. IN PARTNERSHIP WITH MNPS AND PENCIL, THE CHAMBER HOSTS REGULAR MEETINGS FOR THE ACADEMIES OF NASHVILLE PARTNERSHIP COUNCILS WHICH ADVISE THE ACADEMIES ON PROGRAM MODIFICATIONS, SCHOOL-BUSINESS PARTNERSHIPS, AND EXPERIENTIAL LEARNING. EDUCATION REPORT:FOR OVER 30 YEARS, THE CHAMBER'S EDUCATION REPORT HAS SERVED AS A COMMUNITY RESOURCE TO HIGHLIGHT THE SUCCESSES, CHALLENGES, AND OPPORTUNITIES IN METRO NASHVILLE PUBLIC SCHOOLS (MNPS). IN 2023, THE EDUCATION REPORT COMMITTEE SELECTED K-12 POSTSECONDARY ADVISING AS THEIR SPECIAL TOPIC. THE 16-MEMBER COMMITTEE HEARD FROM A DIVERSE GROUP OF EXPERTS, RESULTING IN THE DEVELOPMENT OF A REPORT WITH SPECIFIC RECOMMENDATIONS TO MNPS, METRO COUNCIL, THE STATE LEGISLATURE, AND POSTSECONDARY INSTITUTIONS. LEADERSHIP PUBLIC EDUCATION:LEADERSHIP PUBLIC EDUCATION IS A SIX-MONTH LEADERSHIP PROGRAM THAT EMPOWERS INDIVIDUALS WITH THE KNOWLEDGE AND SKILLS TO SERVE IN COMMUNITY LEADERSHIP ROLES AT ALL LEVELS OF MNPS. FROM JANUARY TO JUNE, THE LPE COHORT LEARN ABOUT THE STRUCTURES, CHALLENGES, AND OPPORTUNITIES THAT IMPACT MNPS. TALENT SOLUTIONS COUNCIL AND FORUMS:THE CHAMBER ESTABLISHED AN EXECUTIVE-LEVEL TALENT SOLUTIONS COUNCIL STEERING COMMITTEE DEDICATED TO IDENTIFYING EMPLOYER-LED INITIATIVES TO BOOST MIDDLE TENNESSEE'S TALENT SUPPLY. FOLLOWING PRIORITY IDENTIFICATION, THE COUNCIL WILL BROADEN TO ENCOMPASS A DIVERSE GROUP OF HR PROFESSIONALS COMMITTED TO REGIONAL TALENT SOLUTIONS. ADDITIONALLY, THE CHAMBER CONDUCTED THREE TALENT SOLUTIONS FORUMS IN FISCAL YEAR 2023, EMPHASIZING APPRENTICESHIPS, OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES, AND SECOND CHANCE HIRING.MILITARY TRANSITIONS:THE CHAMBER IS WORKING WITH FORT CAMPBELL TO BUILD A PROCESS AROUND EMPLOYER CONNECTION TO THE MORE THAN 400 SOLDIERS TRANSITIONING INTO CIVILIAN LIFE FROM FORT CAMPBELL EACH MONTH. THE GOAL OF THIS WORK IS TO RETQAIN VALUABLE TALENT EXITING THE MILITARY TO FILL WORKFORCE NEEDS IN MIDDLE TENNESSEE AND BEYOND.

  • Expenses $8,821,458

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

Listed in Part VII

  • Alan J Pramuk

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Barry Vandevier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brad Southern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Burke Nihill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • C Wright Pinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carol Yochem

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Carolyn Wenzel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christine Karbowiak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Clay Hart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Damon Hininger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Diermeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dave Walton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Dill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Doug Brandon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Hal Lawton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeff Drummonds

    BOARD GOVERNANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jim Regnier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Eakin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Gromos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joshua Mundy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ken Levitan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kolin B Holladay

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    2

  • Kris Ahrend

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lee Blank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Fioravanti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary K Cavarra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Missy Acosta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ralph Schulz

    DIRECTOR, PRESIDENT & CEO

    Total calculated
    $609,190
    From this org
    $558,000
    From related orgs
    $0
    Other
    $51,190
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $408,000
    Bonus
    $150,000
    Other
    $0
    Deferred
    $9,620
    Nontaxable benefits
    $41,570
    Filer's total
    $609,190

  • Randy Goodman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Higgins

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rod Essig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sally Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sam Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shannah L Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Teresa Broyles-Aplin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Terry Hardesty

    FINANCE & AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tim Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tim Hingtgen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wanda Lyle

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • William B Rutherford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Apryl Childs-Potter

    PRESIDENT, HCC (PARTIAL - STARTED 5/16/22)

    Total calculated
    $171,440
    From this org
    $170,625
    From related orgs
    $0
    Other
    $815
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,625
    Bonus
    $30,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $815
    Filer's total
    $171,440

  • Jamie Lee

    CHIEF OPERATING OFFICER, HCC

    Total calculated
    $191,170
    From this org
    $176,984
    From related orgs
    $0
    Other
    $14,186
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,984
    Bonus
    $34,000
    Other
    $0
    Deferred
    $6,187
    Nontaxable benefits
    $7,999
    Filer's total
    $191,170

  • Jeff Hite

    CHIEF ECONOMIC DEVELOPMENT OFFICER

    Total calculated
    $184,880
    From this org
    $174,000
    From related orgs
    $0
    Other
    $10,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,000
    Bonus
    $10,000
    Other
    $0
    Deferred
    $6,677
    Nontaxable benefits
    $4,203
    Filer's total
    $184,880

  • Stephanie Coleman

    CHIEF TALENT DEVELOPMENT OFFICER

    Total calculated
    $195,063
    From this org
    $176,372
    From related orgs
    $0
    Other
    $18,691
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $166,372
    Bonus
    $10,000
    Other
    $0
    Deferred
    $6,655
    Nontaxable benefits
    $12,036
    Filer's total
    $195,063

  • Bishoy Mikhail

    VP, RESEARCH

    Total calculated
    $130,497
    From this org
    $117,750
    From related orgs
    $0
    Other
    $12,747
    Hours/week
    40

  • Christa Pittaluga

    VP OF MARKETING AND COMMUNICATIONS, HCC

    Total calculated
    $132,750
    From this org
    $119,438
    From related orgs
    $0
    Other
    $13,312
    Hours/week
    40

  • Emily Boylan

    VP OF ADMINISTRATION

    Total calculated
    $141,918
    From this org
    $117,500
    From related orgs
    $0
    Other
    $24,418
    Hours/week
    40

  • Lori Odom

    SENIOR VP, ECONOMIC DEVELOPMENT

    Total calculated
    $127,886
    From this org
    $111,600
    From related orgs
    $0
    Other
    $16,286
    Hours/week
    40

  • Lydie Marc

    SENIOR DIRECTOR, FELLOWS & CONTENT STRATEGY, HCC

    Total calculated
    $126,176
    From this org
    $114,500
    From related orgs
    $0
    Other
    $11,676
    Hours/week
    40

  • Melia Leedy

    VP, MEMBER & INVESTOR RELATIONS

    Total calculated
    $113,104
    From this org
    $107,500
    From related orgs
    $0
    Other
    $5,604
    Hours/week
    40

  • Molly Vice

    VP, MEMBER ENGAGEMENT AND PROGRAMMING, HCC

    Total calculated
    $117,481
    From this org
    $110,140
    From related orgs
    $0
    Other
    $7,341
    Hours/week
    40

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 · Tax indemnification and gross-up payments
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1B
THE CHAMBER DOES NOT HAVE A WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT; HOWEVER, IT DOES HAVE STRICT STANDARDS THAT ARE CONSISTENTLY APPLIED.

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349308217

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