Totals
- Total revenue
- $2,220,428
- Total expenses
- $2,257,840
- Contributions and grants received
- $2,220,428
- Grants paid
- $2,210,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $510,440
- Total liabilities, end of year
- $877,267
- Net assets or fund balances, end of year
- -$366,827
- Program services expenses (Part IX)
- $2,257,489
- Management and general expenses
- $113
- Fundraising expenses
- $238
- Program service expenses (Part III)
- $2,257,489
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$2,220,428
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,210,000 · program services $2,210,000
-
5 · Compensation of officers, directors and key employees
total $47,618 · program services $47,489 · management and general $113 · fundraising $16
-
13 · Office expenses
total $222 · fundraising $222
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $145,234 · end of year $10,440
-
3 · Pledges and grants receivable
end of year $500,000
-
25 · Other liabilities
beginning of year $474,649 · end of year $877,267
-
27 · Net assets without donor restrictions
beginning of year -$329,415 · end of year -$366,827
Mission and programs · 2022
Mission
THE FOUNDATION WILL SUPPORT NGLCC IN PROVIDING EDUCATIONAL INFORMATION TO NGLCC'S MEMBERS AND THE PUBLIC AT LARGE ON SUBJECTS USEFUL TO THE MEMBERSHIP AND BENEFICIAL TO THE COMMUNITY. NGLCC IS ORGANIZED AND OPERATED TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS WHO REPRESENT GAY, LESBIAN, BISEXUAL AND TRANSGENDER BUSINESSES ("GLBT BUSINESSES"). THE FOUNDATION WILL SUPPORT NGLCC BY FUNDING (OR CONDUCTING DIRECTLY) THESE EDUCATIONAL AND CHARITABLE ACTIVITIES IN THE FUTURE TO THE EXTENT IT IS ABLE TO DO SO.
Activities or mission (Part I)
SEE PART III, LINE 1.
-
THE FOUNDATION WILL SUPPORT NGLCC IN PROVIDING EDUCATIONAL INFORMATION TO NGLCC'S MEMBERS AND THE PUBLIC AT LARGE ON SUBJECTS USEFUL TO THE MEMBERSHIP AND BENEFICIAL TO THE COMMUNITY. NGLCC IS ORGANIZED AND OPERATED TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS WHO REPRESENT GAY, LESBIAN, BISEXUAL AND TRANSGENDER BUSINESSES ("GLBT BUSINESSES"). THE FOUNDATION WILL SUPPORT NGLCC BY FUNDING (OR CONDUCTING DIRECTLY) THESE EDUCATIONAL AND CHARITABLE ACTIVITIES IN THE FUTURE TO THE EXTENT IT IS ABLE TO DO SO.
Expenses $2,257,489 · Grants $2,210,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chance MitchellCHANCE MITCHELL
CO-FOUNDER, CEO
- Total calculated
- $586,702
- From this org
- $0
- From related orgs
- $533,562
- Other
- $53,140
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $421,062 related
- Bonus
- $0
- Other
- $0 + $112,500 related
- Deferred
- $0 + $38,800 related
- Nontaxable benefits
- $0 + $14,340 related
- Filer's total
- $0 + $586,702 related
-
Justin NelsonJUSTIN NELSON
CO-FOUNDER, PRESIDENT
- Total calculated
- $571,178
- From this org
- $0
- From related orgs
- $531,762
- Other
- $39,416
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $419,262 related
- Bonus
- $0
- Other
- $0 + $112,500 related
- Deferred
- $0 + $29,640 related
- Nontaxable benefits
- $0 + $9,776 related
- Filer's total
- $0 + $571,178 related
-
Carol AttakCAROL ATTAK
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Michael FullerMICHAEL FULLER
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Mark BertoliniMARK BERTOLINI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Paul AshleyPAUL ASHLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Patrick QuaylePATRICK QUAYLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Patrick O'KeefePATRICK O'KEEFE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Nedra DicksonNEDRA DICKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Vonshe JenkinsVONSHE JENKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- NGLCC A RELATED ORGANIZATION USES THE FOLLOWING METHODS IN DETERMINING COMPENSATION OF THE CEO AND THE PRESIDENT: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS
- 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
-
NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE
$2,210,000
TO EDUCATE INDIVIDUALS AND LGBT ENTERPRISES ON SUBJECTS USEFUL TO THE MEMBERS AND BENEFICIAL TO THE LGBT COMMUNITY.
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.
-
NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE
501(C)(6) · MEMBERSHIP · DE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349308113
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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