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Nonprofiteer
← VIRGINIA CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by VIRGINIA CHAMBER OF COMMERCE.

Totals

Total revenue
$3,975,252
Total expenses
$4,076,346
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,181,645
Investment income
$0
Other revenue
$793,607
Total assets, end of year
$2,331,743
Total liabilities, end of year
$1,912,812
Net assets or fund balances, end of year
$418,931
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,791,000 · related or exempt $1,791,000

  • 2b · Program service revenue: CHAMBER MEETINGS

    total $1,390,645 · related or exempt $1,390,645

  • 11a · Other revenue: OTHER INCOME

    total $732,584 · related or exempt $732,584

  • 11b · Other revenue: CHAMBERSOLUTIONS LLC

    total $61,023 · unrelated business $61,023

  • 11e · Other revenue, total

    $793,607

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $951,096

  • 7 · Other salaries and wages

    total $1,568,628

  • 8 · Pension plan contributions

    total $43,646

  • 9 · Other employee benefits

    total $149,726

  • 10 · Payroll taxes

    total $155,716

  • 11g · Fees: other

    total $266,863

  • 13 · Office expenses

    total $71,746

  • 16 · Occupancy

    total $218,436

  • 17 · Travel

    total $77,544

  • 19 · Conferences, conventions and meetings

    total $408,960

  • 22 · Depreciation, depletion and amortization

    total $21,814

  • 23 · Insurance

    total $12,297

  • 24a · Other expenses: MEMBER AND CONSUMER SVCS

    total $66,854

  • 24b · Other expenses: MISCELLANEOUS

    total $27,534

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $18,757

  • 24d · Other expenses: POLITICAL ACTIVITIES

    total $6,940

  • 24e · All other expenses

    total $9,789

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,192,009 · end of year $440,965

  • 2 · Savings and temporary cash investments

    beginning of year $221,653 · end of year $21,885

  • 4 · Accounts receivable

    beginning of year $221,157 · end of year $453,924

  • 9 · Prepaid expenses and deferred charges

    beginning of year $61,994 · end of year $47,968

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

    $445,623

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

    $383,595

  • 10c · Land, buildings and equipment, net

    beginning of year $74,197 · end of year $62,028

  • 11 · Investments: publicly traded securities

    beginning of year $45,391 · end of year $666,921

  • 14 · Intangible assets

    beginning of year $15,061 · end of year $12,280

  • 15 · Other assets

    beginning of year $787,346 · end of year $625,772

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,308,720 · end of year $1,150,651

  • 19 · Deferred revenue

    beginning of year $811,595 · end of year $762,161

  • 27 · Net assets without donor restrictions

    beginning of year $498,493 · end of year $418,931

Mission and programs · 2023

Mission

THE VIRGINIA CHAMBER OF COMMERCE WAS ESTABLISHED TO ENCOURAGE THE GROWTH AND SUCCESS OF BUSINESS AND INDUSTRY IN THE COMMONWEALTH OF VIRGINIA.

  • CONFERENCES, SEMINARS, AND MEETINGS TO ADDRESS BUSINESS ISSUES IN VIRGINIA AND TO PROMOTE THE GROWTH AND SUCCESS OF VIRGINIA BUSINESSES.

  • PUBLICATIONS TO EDUCATE AND PROVIDE RESOURCES FOR CHAMBER MEMBERS AND BUSINESSES AND INDUSTRY IN VIRGINIA.

As filed on the 2023 return.

Listed in Part VII

  • Barry E Duval

    PRESIDENT &

    Total calculated
    $686,018
    From this org
    $641,779
    From related orgs
    $0
    Other
    $44,239
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $641,779
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,900
    Nontaxable benefits
    $34,339
    Filer's total
    $686,018

  • Lakshmi Williams

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Fred Thompson

    IMM PAST CHA

    Total calculated
    $0
    Hours/week
    1

  • Linda Stanley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Gilbert T Bland

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • Janice Crawford

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • Ben J Davenport Jr

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • Robert Duvall

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • Tammy Moss Finley

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • Mark Hourigan

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • Chris Kyle

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • Stewart T Leeth

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • Mike Melo

    EXECUTUVE CO

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Siciliano

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • Eric Sisco

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • See Attached Schedule

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Martin

    EMPLOYEE

    Total calculated
    $265,078
    From this org
    $245,229
    From related orgs
    $0
    Other
    $19,849
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $245,229
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,322
    Nontaxable benefits
    $12,527
    Filer's total
    $265,078

  • Eleana Legree

    EMPLOYEE

    Total calculated
    $104,668
    From this org
    $104,668
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Karen Sumacewicz

    EMPLOYEE

    Total calculated
    $147,114
    From this org
    $147,114
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joyce Moore

    EMPLOYEE

    Total calculated
    $127,754
    From this org
    $127,754
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lindsay Borge

    EMPLOYEE

    Total calculated
    $110,356
    From this org
    $110,356
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Cynthia Miracle

    EMPLOYEE

    Total calculated
    $109,356
    From this org
    $109,356
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VIRGINIA BENEFITS ALLIANCE LLC

    INSURANCE · VA

    Directly controlled by SELF THE VIRGINIA CHAMBER OF COMMERCE

  • CHAMBERSOLUTIONS LLC

    INSURANCE · VA

    Directly controlled by SELF THE VIRGINIA CHAMBER OF COMMERCE

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202423199349315067

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