Form 990 for tax year 2022
Filed by GREATER RESTON CHAMBER OF COMMERCE.
Totals
- Total revenue
- $674,142
- Total expenses
- $696,024
- Contributions and grants received
- $351,422
- Grants paid
- $0
- Program service revenue
- $320,861
- Investment income
- $1,859
- Other revenue
- $0
- Total assets, end of year
- $81,476
- Total liabilities, end of year
- $428,261
- Net assets or fund balances, end of year
- -$346,785
- 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
$232,864
-
1e · Government grants (contributions)
$47,236
-
1f · All other contributions, gifts and grants
$71,322
-
2a · Program service revenue: VALOR AWARDS REVENUE
total $72,290 · related or exempt $72,290
-
2b · Program service revenue: B2G MATCHMAKING
total $67,500 · related or exempt $67,500
-
2c · Program service revenue: MISCELLANEOUS
total $44,301 · related or exempt $44,301
-
2d · Program service revenue: GOVERNMENT CONTRACT DA
total $32,810 · related or exempt $32,810
-
2e · Program service revenue: ED - SPONSORSHIPS
total $28,200 · related or exempt $28,200
-
2f · All other program service revenue
total $75,760 · related or exempt $74,760 · unrelated business $1,000
-
3 · Investment income
total $1,859 · excluded $1,859
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $161,534
-
7 · Other salaries and wages
total $189,761
-
8 · Pension plan contributions
total $2,113
-
9 · Other employee benefits
total $29,802
-
10 · Payroll taxes
total $28,627
-
11g · Fees: other
total $1,586
-
12 · Advertising and promotion
total $11,355
-
13 · Office expenses
total $40,625
-
14 · Information technology
total $5,864
-
16 · Occupancy
total $129,459
-
17 · Travel
total $182
-
19 · Conferences, conventions and meetings
total $5,474
-
20 · Interest
total $10,508
-
22 · Depreciation, depletion and amortization
total $403
-
23 · Insurance
total $11,673
-
24a · Other expenses: VALOR AWARDS EXPENSES
total $39,728
-
24b · Other expenses: FOOD & ENTERTAINMENT
total $11,504
-
24c · Other expenses: GOLF TOURNAMENT EXPENSE
total $10,205
-
24d · Other expenses: EQUIPMENT RENTAL
total $2,992
-
24e · All other expenses
total $2,629
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,524 · end of year $37,659
-
4 · Accounts receivable
beginning of year $57,337 · end of year $32,463
-
9 · Prepaid expenses and deferred charges
beginning of year $9,056 · end of year $2,834
-
10a · Land, buildings and equipment: cost or other basis
$60,586
-
10b · Land, buildings and equipment: accumulated depreciation
$60,295
-
10c · Land, buildings and equipment, net
beginning of year $694 · end of year $291
-
15 · Other assets
beginning of year $8,229 · end of year $8,229
-
17 · Accounts payable and accrued expenses
beginning of year $71,269 · end of year $91,583
-
19 · Deferred revenue
beginning of year $70,790 · end of year $30,400
-
24 · Unsecured notes and loans payable
beginning of year $239,244 · end of year $266,278
-
25 · Other liabilities
beginning of year $10,000 · end of year $40,000
-
27 · Net assets without donor restrictions
beginning of year -$308,463 · end of year -$346,785
Mission and programs · 2022
Mission
THE GREATER RESTON CHAMBER OF COMMERCE IS THE CATALYST FOR BUSINESS GROWTH AND ENTREPRENEURSHIP BY PROVIDING QUALITY PROGRAMS, EDUCATION, CONNECTIONS AND ADVOCACY FOR OUR MEMBERS AND ORGANIZATIONS IN THE DULLES CORRIDOR. THE GREATER RESTON CHAMBER OF COMMERCE IS THE LEADER OF A THRIVING BUSINESS COMMUNITY THAT POSITIVELY IMPACTS THE GROWTH AND PROSPERITY OF A VIBRANT AND COLLABORATIVE REGION. WITH 670 MEMBERS AND GROWING, THE RESTON CHAMBER IS THE PREMIER LEADER OF BUSINESS IN THE FAIRFAX COUNTY COMMUNITY.
Activities or mission (Part I)
THE GREATER RESTON CHAMBER OF COMMERCE IS THE CATALYST FOR BUSINESS GROWTH AND ENTREPRENUERSHIP FOR OUR MEMBERS AND ORGANIZATIONS IN THE DULLES COORIDOR BY PROVIDING QUALITY PROGRAMS, EDUCATION, CONNECTIONS AND ADVOCACY. THE GREATER RESTON CHAMBER OF COMMERCE IS THE LEADER OF A THRIVING BUSINESS COMMUNITY THAT POSTIVELY IMPACTS THE GROWTH OF A VIBRANT AND COLLABORATIVE REGION IN FAIRFAX COUNTY.
-
GOVERNMENT CONTRACTING DAY - PROGRAMS ARE DESIGNED TO HELP OUR MEMBERS DO WORK WITH THE FEDERAL GOVERNMENT AND EACH OTHER IN THE GOVERNMENT CONTRACTING SPACE. IT IS THE LARGEST B2G MATCHMAKING CONFERENCE OUTSIDE THE BELTWAY WHERE MORE THAN 300 MATCHMAKING SESSIONS OCCUR ALONG WITH 40+ BUSINESS EXPOS AND 4 HOUR-LONG EDUCATION SEMINARS.
-
TASTE OF RESTON - A FESTIVAL DESIGNED TO SHOWCASE BUSINESSES AND RESTAURANTS TO THE GREATER COMMUNITY AND HELP BUSINESSES MARKET THEIR SERVICES. THE EVENT ALSO SERVES AS AN AWARENESS VENUE FOR BUSINESSES SO THAT RESIDENTS AND BUSINESSES KNOW ABOUT THE PARTICIPATING ORGANIZATIONS. FINALLY, THE EVENT PROVIDES AN AVENUE FOR KIDS TO LEARN FROM BUSINESSES.
-
FLAVORS OF FALL (OKTOBERFEST) - A FESTIVAL DESIGNED TO SHOWCASE BUSINESSES AND RESTAURANTS TO THE GREATER COMMUNITY AND HELP BUSINESSES MARKET THEIR SERVICES. THE EVENT ALSO SERVES AS AN AWARENESS VENUE FOR BUSINESSES SO THAT RESIDENTS AND BUSINESSES KNOW ABOUT THE PARTICIPATING ORGANIZATIONS.
-
OTHER PROGRAM SERVICES INCLUDE: ETHICS DAY, CELEBRATIONS, BEST OF RESTON, ACE AWARDS, NETWORK NITE, CHAMBER LUNCHEONS, AM MEETINGS, RESOURCEFUL WOMEN, PROSPECTIVE MEMBERS, HEALTH CARE INITIATIVE, RESTAURANT WEEK, YOUNG PROFESSIONALS, GOLF TOURNAMENT AND ANNUAL TRIP.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kevin TaylorKEVIN TAYLOR
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 4
-
Matt ClaryMATT CLARY
GENERAL COUNSEL
- Total calculated
- $0
- Hours/week
- 4
-
Angela InzerilloANGELA INZERILLO
CHAIR-ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Joey MusmarJOEY MUSMAR
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Charles KapurCHARLES KAPUR
SECRETARY
- Total calculated
- $171,683
- From this org
- $156,150
- From related orgs
- $0
- Other
- $15,533
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,150
- Bonus
- $0
- Other
- $0
- Deferred
- $4,380
- Nontaxable benefits
- $11,153
- Filer's total
- $171,683
-
Maggie ParkerMAGGIE PARKER
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Andy KlaffANDY KLAFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris PharoCHRIS PHARO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Colin MayCOLIN MAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James EstepJAMES ESTEP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David KelleyDAVID KELLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dee KakarDEE KAKAR
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jake MagesJAKE MAGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John KellyJOHN KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin LearnedKEVIN LEARNED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mac CumminsMAC CUMMINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Meredith HovanMEREDITH HOVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mike RomeoMIKE ROMEO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul KashchyPAUL KASHCHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom MaddenTOM MADDEN
EX OFFICIO
- Total calculated
- $0
- Hours/week
- 4
-
John DeardorffJOHN DEARDORFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Katherine DemingKATHERINE DEMING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ken TraenkleKEN TRAENKLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kenyetta PriceKENYETTA PRICE
EX OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
Laura SikoLAURA SIKO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Leila GordonLEILA GORDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt BrennanMATT BRENNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt RienzoMATT RIENZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mike FranzMIKE FRANZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Monica TresslerMONICA TRESSLER
EX OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
Nohman IshaqNOHMAN ISHAQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Raj ChandRAJ CHAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Randy JonesRANDY JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robyn McClureROBYN MCCLURE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shane MurphySHANE MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Wes KabanceWES KABANCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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.
-
501(C)3 · TO ASSIST ENTREPRENEURS IN FORMING AND DEVELOPING HIGH GROWTH BUSINESSES IN · VA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431319349302508
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