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Nonprofiteer
← GEORGIA CHAMBER OF COMMERCEFOUNDATION INC

Form 990 for tax year 2022

Filed by GEORGIA CHAMBER OF COMMERCEFOUNDATION INC.

Totals

Total revenue
$691,000
Total expenses
$1,066,924
Contributions and grants received
$691,000
Grants paid
$136,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,049,882
Total liabilities, end of year
$908,524
Net assets or fund balances, end of year
$141,358
Program services expenses (Part IX)
$848,993
Management and general expenses
$109,453
Fundraising expenses
$108,478
Program service expenses (Part III)
$848,993

Program services were 79.6% 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

    $691,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $136,500 · program services $136,500

  • 7 · Other salaries and wages

    total $519,574 · program services $321,744 · management and general $98,915 · fundraising $98,915

  • 8 · Pension plan contributions

    total $9,759 · program services $5,855 · management and general $1,952 · fundraising $1,952

  • 10 · Payroll taxes

    total $39,737 · program services $24,515 · management and general $7,611 · fundraising $7,611

  • 11b · Fees: legal

    total $42,000 · program services $42,000

  • 11c · Fees: accounting

    total $768 · management and general $768

  • 11g · Fees: other

    total $158,067 · program services $158,067

  • 13 · Office expenses

    total $91,875 · program services $91,668 · management and general $207

  • 17 · Travel

    total $5,407 · program services $5,407

  • 20 · Interest

    total $4,209 · program services $4,209

  • 22 · Depreciation, depletion and amortization

    total $11,502 · program services $11,502

  • 23 · Insurance

    total $22,142 · program services $22,142

  • 24a · Other expenses: DUES AND MEMBERSHIPS

    total $25,384 · program services $25,384

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $927,625 · end of year $767,581

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,000 · end of year $0

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

    $369,013

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

    $86,712

  • 10c · Land, buildings and equipment, net

    beginning of year $293,737 · end of year $282,301

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,154 · end of year $9,903

  • 23 · Secured mortgages and notes payable

    beginning of year $239,933 · end of year $220,000

  • 25 · Other liabilities

    beginning of year $472,993 · end of year $678,621

  • 27 · Net assets without donor restrictions

    beginning of year $104,428 · end of year -$120,745

  • 28 · Net assets with donor restrictions

    beginning of year $412,854 · end of year $262,103

Mission and programs · 2022

Mission

THE GEORGIA CHAMBER OF COMMERCE FOUNDATION UNDERTAKES ACTIVITIES, WHICH EDUCATE THE PUBLIC ON SUBJECTS USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY THE FOUNDATION PRIMARILY FOCUSES ON THE ISSUES OF HEALTH CARE AND WORK FORCE DEVELOPMENT IN THE STATE OF GEORGIA. THE FOUNDATION PROMOTES DEVELOPMENT OF POLICIES IN GEORGIA WHICH ADDRESS THE CRISIS IN HEALTH CARE FINANCING AND ITS IMPACT ON GEORGIA BUSINESSES AND EMPLOYEES. THE FOUNDATION ALSO IS INVOLVED IN ACTIVITIES TO IMPROVE THE TRAINING AND MARKETABILITY OF GEORGIA'S WORK FORCE TO BRING HEALTHY ECONOMIC GROWTH TO ALL PARTS OF THE STATE

  • IN 2022, THE GEORGIA CHAMBER OF COMMERCE FOUNDATION (THE FOUNDATION) WAS INTEGRAL IN SETTING THE LONG-TERM STRATEGIC DIRECTION OF THE GEORGIA CHAMBER OF COMMERCE BY EXAMINING EMERGING TRENDS AND PERFORMING POLICY AND DATA ANALYSIS. THIS YEAR THE FOUNDATION WAS RESPONSIBLE FOR: 7 AMICUS BRIEFS 19 FOUNDATION BRIEFINGS 24 POLICY COMMITTEE MEETINGS288 POLICY COMMITTEE MEMBERS 11,400 SURVEY RESPONSES FROM BUSINESS LEADERS BUILDING ON THE WORK OF GEORGIA 2030, THE FOUNDATION HAS CONTINUED TO IMPLEMENT ITS STRATEGIC PLAN, THE NEW GEORGIA ECONOMY TO EXAMINE OPPORTUNITIES AND RISKS THAT ACCOMPANY THE ADVENT OF NEW TECHNOLOGIES AND INNOVATION. THE NEW GEORGIA ECONOMY HAS THREE CORE AREAS WHICH INCLUDE ADDRESSING OUR WORKFORCE SHORTAGES AND BUILDING LONG-TERM TALENT PIPELINES, DEVELOPING INFRASTRUCTURE OF THE FUTURE, AND CREATING A MORE DYNAMIC, DIVERSE ECONOMY. TWO NEW MEMBER COUNCILS WERE LAUNCHED IN 2022. THE HUB CHAMBER COUNCIL IS A WORKING POLICY COUNCIL COMPRISED OF THE LEADERS OF 11 METROPOLITAN CHAMBERS OF COMMERCE ACROSS GEORGIA. EACH HAS VOLUNTEERED TO COME TOGETHER IN ORDER TO RESEARCH AND BETTER UNDERSTAND ISSUES THAT AFFECT BUSINESS IN ALL REGIONS THAT EACH CHAMBER REPRESENTS, AS WELL AS TO CREATE A COMMON POLICY PLATFORM REGARDING THESE ISSUES. THE COUNCIL COLLABORATES WITH REGIONAL AND STATE DEVELOPMENT, ECONOMIC AND POLICY EXPERTS AND INTEREST GROUPS TO ACT AS A VOICE TO INFLUENCE STATE POLICY GOALS AND STRIVES TO DO BEST FOR BUSINESS IN GEORGIA. FOCUS AREAS OF THE 2023 LEGISLATIVE SESSION INCLUDE WORKFORCE DEVELOPMENT AND HOUSING, FUTURE FORWARD INFRASTRUCTURE, DEFENSE COMMUNITIES SECURITY & VETERANS AFFAIRS AND FISCAL SECURITY. THIS GROUP ISSUES ITS OWN LEGISLATIVE PRIORITIES AND POLICY STATEMENTS. THE SECOND MEMBER COUNCIL THAT WAS LAUNCHED WAS THE MANUFACTURING AND INDUSTRY COUNCIL. THIS GROUP WILL BE DISTINCT FROM OTHER INTERNAL CHAMBER GROUPS DUE TO ITS FOCUS SPECIFICALLY ON GEORGIA'S MANUFACTURING SECTOR. THIS GROUP WILL BE KEPT ABREAST OF OTHER CHAMBER INITIATIVES OF INTEREST, ALLOWING COUNCIL MEMBERS TO LEVERAGE THEIR MEMBERSHIP TO ADVANCE THOSE THAT SPECIFICALLY IMPACT THE INDUSTRY AND THE BUSINESS COMMUNITY AS A WHOLE. THIS GROUP WILL BE DISTINCT FROM OTHER EXTERNAL GROUPS IN THAT IT WILL FOREMOST FOCUS ON POLICY DEVELOPMENT BASED ON FINDINGS FROM DATA, RESEARCH, AND BEST PRACTICES. THROUGH THE THOUGHTFUL CONVENING OF GEORGIA'S TOP MANUFACTURERS, THE POLICY SOLUTIONS WILL BE ADVANCED THROUGH LEGISLATIVE AND AGENCY ACTIONS AS WELL AS OPPORTUNITIES TO IMPLEMENT SOLUTIONS THROUGH PARTNERSHIPS. THIS GROUP'S PRIMARY OBJECTIVES WILL NOT CENTER AROUND PROFESSIONAL DEVELOPMENT OR NETWORKING. THE GOALS OF THE COUNCIL ARE AS FOLLOWS INCLUDING THEIR 2022 PRIORITY AREAS: GOALS:- TO PROMOTE ECONOMIC GROWTH AND DEVELOPMENT OF THE MANUFACTURING SECTOR.- CREATE QUALITY CURATED CONTENT FOR THE BENEFIT OF MEMBERS, PARTNERS AND THE GENERAL PUBLIC FEATURING THE MANUFACTURING SECTOR AND SHOWCASING ITS ECONOMIC IMPACT. - DEVELOP POLICY RECOMMENDATIONS FOR GOVERNMENT AND LOCAL ACTION. - ADVANCE BUSINESS BEST PRACTICES AND RESEARCH TO PROVIDE BUSINESS INTELLIGENCE. - PROVIDE DATA, STATISTICS, AND RESEARCH REGARDING GEORGIA'S MANUFACTURING INDUSTRY TO IDENTIFY OPPORTUNITIES TO BOLSTER INDUSTRY GROWTH THROUGHOUT THE STATE. - TO CONVENE MANUFACTURERS TO DISCUSS EMERGING CHALLENGES AND OPPORTUNITIES. - FACILITATE DRAFTING OF LEGISLATION IN CONCERT WITH GAC WHEN NECESSARY. - EXAMINE LEGISLATIVE TRENDS IN SURROUNDING STATES TO BETTER PREPARE FOR POTENTIAL STATE AND LOCAL ACTION IN GEORGIA, INCLUDING LEGISLATION THAT WOULD HAVE POSITIVE AND NEGATIVE IMPACTS. - SPECIFIC AREAS OF FOCUS WILL BE DETERMINED BY COUNCIL LEADERSHIP WITH FULL COUNCIL INPUT EACH YEAR. IN 2023, THIS GROUP WILL FOCUS ON: - TALENT DEVELOPMENT - WORKFORCE HOUSING - SUPPLY CHAIN THE FOUNDATION FOCUSED ON THE WAR FOR TALENT A GREAT DEAL IN 2022 BECAUSE IT HAS BEEN IDENTIFIED AS THE TOP CONCERN FOR MEMBER COMPANIES. TO THAT END, THE FOUNDATION ISSUED A WAR FOR TALENT REPORT IN JANUARY OUTLINING RECOMMENDATIONS FOR POLICYMAKERS AND BEST PRACTICES FOR BUSINESS LEADERS. ADDITIONALLY, FOUNDATION STAFF ENGAGED WITH SEVERAL EXTERNAL GROUPS TO ADDRESS THE WAR FOR TALENT AT THE K-12, POST-SECONDARY, AND WORKFORCE LEVELS. ENGAGEMENT WITH THE DEEPER LEARNING COALITION FOCUSED ON CREATING RICHER LEARNING EXPERIENCES FOR K-12 STUDENTS THAT ARE TIED TO REAL WORLD EXPERIENCES. WORKING THE ACHIEVE ATLANTA PEER WORK GROUP, ENABLED CONVERSATIONS FOCUSED ON HOW TO INCREASE PERSISTENCE AND COMPLETION FOR THOSE IN HIGHER EDUCATION AS WELL AS HOW TO FACILITATE STRONGER LINKS TO THE WORKFORCE. FOUNDATION STAFF WORKED WITH THE GEORGIA HOUSE HIGHER EDUCATION WORKFORCE SUBCOMMITTEE TO HAVE MEMBER COMPANIES TESTIFY TO THE SIGNIFICANT WORKFORCE SHORTAGES THAT WERE BEING EXPERIENCED AND POTENTIAL SOLUTIONS FROM THEIR PERSPECTIVE. IN 2022, THE CHAMBER FOUNDATION BEGAN A NEW EFFORT FOCUSED ON ACCESS TO HOUSING AND HOMEOWNERSHIP. GEORGIA CHAMBER MEMBERS REPORTED HAVING ISSUES RECRUITING AND RETAINING TALENT BECAUSE THERE IS NOT SUFFICIENT HOUSING STOCK AND HOME PRICES HAVE RISEN SIGNIFICANTLY. FOUNDATION STAFF TESTIFIED TO THE GEORGIA HOUSE STUDY COMMITTEE ON HOUSING ACCESS AND AFFORDABILITY. A KEY PART OF THE FOUNDATION IS THE POLICY COMMITTEES WHICH EXAMINE POLICY ACTIVITY OCCURRING THROUGHOUT THE UNITED STATES AND GLOBALLY TO IDENTIFY BEST PRACTICES AND CHALLENGES. EACH POLICY COMMITTEE DEVELOPED STRATEGIC AREAS OF FOCUS FOR THE COMING YEAR. THEY ARE AS FOLLOWS: BUSINESS CLIMATE COMMITTEE THE GEORGIA CHAMBER'S BUSINESS CLIMATE COMMITTEE EXAMINES POLICIES RELATED TO STRENGTHENING AND EXPANDING GEORGIA'S BUSINESS-FRIENDLY CLIMATE AND COMPETITIVE ADVANTAGES. BROADLY, THE COMMITTEE CONSIDERS TOPICS RELATED TO TAX STRUCTURE, PRO-GROWTH POLICIES, AND REGULATIONS SUCH AS MAINTAINING RIGHT TO WORK LAWS. IN 2023 THE COMMITTEE WILL FOCUS ON: - ECONOMIC TRENDS - SUPPLY CHAIN - INCENTIVES - TAX POLICY TRENDS - INNOVATIONS IN MANUFACTURING - WORKFORCE PIPELINE ENERGY AND NATURAL RESOURCES THE COMMITTEE ANALYZES AND ADVOCATES ON FEDERAL AND STATE ENERGY, CONSERVATION, WATER AND NATURAL RESOURCE MANAGEMENT ISSUES. THE COMMITTEE ACTIVELY RESPONDS TO FEDERAL AND STATE RULEMAKING PROPOSALS. THE COMMITTEE ALSO WORKS WITH MEMBERS OF THE CONSERVATION COMMUNITY TO PROMOTE ENDANGERED SPECIES AND RELATED POLICIES, INCLUDING THE RECENT CONSTITUTIONAL AMENDMENT 1, THE GEORGIA OUTDOOR STEWARDSHIP ACT. IN 2023 THE COMMITTEE WILL FOCUS ON: - LEGISLATIVE PRIORITIES - ELECTRIC MOBILITY - CLIMATE CHANGE - EPA/ EPD RULEMAKING - AGRICULTURE HEALTH AND WELLNESS HEALTHCARE IS NOT ONLY A CONCERN FOR BUSINESSES, BUT IT IS INCREASINGLY AN ECONOMIC DEVELOPMENT ISSUE FOR COMMUNITIES. THE HEALTH AND WELLNESS COMMITTEE HAS CONTINUED TO BUILD ON THE WORK OF THE GEORGIA CHAMBER'S HEALTHCARE ACCESS STUDY EXAMINING WAYS TO EXPAND ACCESS TO QUALITY HEALTHCARE AND IMPROVE THE WAY CARE IS DELIVERED TO CREATE BETTER HEALTH OUTCOMES. IN 2023 THE COMMITTEE WILL FOCUS ON: - IMPROVING HEALTHCARE OUTCOMES - GEORGIA'S HEALTHCARE WORKFORCE - MENTAL HEALTH - AFFORDABILITY INNOVATION AND TECHNOLOGY THE CAPACITY TO INNOVATE IS QUICKLY BECOMING THE MOST IMPORTANT DETERMINANT OF ECONOMIC GROWTH. THE INNOVATION AND TECHNOLOGY COMMITTEE FOCUSES ON EMERGING TRENDS THAT IMPACT BUSINESSES AND COMMUNITIES AND HOW TO EVOLVE IN ORDER TO CAPITALIZE ON THESE INNOVATIONS AND ADVANCEMENTS. IN 2023 THE COMMITTEE WILL FOCUS ON: - AUTOMATION - CYBERSECURITY AND DATA PROTECTION - INNOVATION OF STRATEGY AND DATA UTILIZATION - TECH EQUITY - WEB3 LAW AND JUDICIARY ORIGINALLY CONCENTRATED ON TORT REFORM AND JUDICIAL NOMINATIONS, THE LAW AND JUDICIARY COMMITTEE HAS EXPANDED ITS FOCUS AND EFFORTS TO INCLUDE ITS AMICUS BRIEF PROGRAM, ENGAGING IN JUDICIAL RACES, AND PROMOTING FAIR LEGAL POLICY IN GEORGIA. THIS COMMITTEE MEETS QUARTERLY. IN 2023 THE COMMITTEE WILL FOCUS ON: - APPORTIONMENT - CIVIL JUSTICE REFORM - NEGLIGENT SECURITY - JUDICIAL ENGAGEMENT - AMICUS BRIEFS TALENT AND LEADERSHIP THE TALENT AND LEADERSHIP COMMITTEE FOCUSES ON POLICIES AND INITIATIVES THAT ADDRESS TALENT AND WORKFORCE CHALLENGES THAT ARE BEING SEEN ACROSS THE STATE AS THE ECONOMY EVOLVES AND EXPLORE INNOVATIVE WAYS TO ADDRESS THOSE ISSUES. IN 2023 THE COMMITTEE WILL FOCUS ON: - BARRIER TO POST-SECONDARY SUCCESS - TRENDS IN UPSKILLING AND RETRAINING - GEORGIA'S EVOLVING WORKFORCE - EQUITY CONSIDERATIONS FOR WORKFORCE GROWTH AND TALENT DEVELOPMENT

    Expenses $848,993 · Grants $136,500

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

Listed in Part VII

  • James C Clark Jr

    CEO/PRESIDENT

    Total calculated
    $973,128
    From this org
    $0
    From related orgs
    $932,600
    Other
    $40,528
    Hours/week
    12 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $682,600 related
    Bonus
    $0 + $250,000 related
    Other
    $0
    Deferred
    $0 + $18,978 related
    Nontaxable benefits
    $0 + $21,550 related
    Filer's total
    $0 + $973,128 related
  • Stephanie Martin

    TREASURER, CFO

    Total calculated
    $301,810
    From this org
    $0
    From related orgs
    $284,896
    Other
    $16,914
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,896 related
    Bonus
    $0 + $27,000 related
    Other
    $0
    Deferred
    $0 + $7,737 related
    Nontaxable benefits
    $0 + $9,177 related
    Filer's total
    $0 + $301,810 related
  • Tasha Allen

    VP, TALENT MANAGEMENT AND DIVERSITY

    Total calculated
    $126,189
    From this org
    $0
    From related orgs
    $102,000
    Other
    $24,189
    Hours/week
    1 + 40 related
  • Daniela Perry

    SR. DIRECTOR PUBLIC POLICY

    Total calculated
    $115,721
    From this org
    $0
    From related orgs
    $111,048
    Other
    $4,673
    Hours/week
    1 + 40 related
  • Neil Pruitt

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Brandon Reese

    GOVERNMENT AFFAIR COUNCIL

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Kevin Curtin

    POLITICAL AFFAIRS COUNCIL

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Mark Middleton

    RESILIENCY & RECOVERY COMM

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Pedro Cherry

    OPERATIONS CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Ben Tarbutton

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Kevin Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

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 November 2023
IRS schema version
2022v5.0
Source object
202343199349323179

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