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Nonprofiteer
← CHAMBER OF DIGITAL COMMERCE

Form 990 for tax year 2023

Filed by CHAMBER OF DIGITAL COMMERCE.

Totals

Total revenue
$4,218,036
Total expenses
$4,626,747
Contributions and grants received
$3,356,575
Grants paid
$0
Program service revenue
$836,206
Investment income
$25,313
Other revenue
-$58
Total assets, end of year
$5,165,643
Total liabilities, end of year
$133,990
Net assets or fund balances, end of year
$5,031,653
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

    $3,356,575

  • 1g · Noncash contributions included above

    $25,000

  • 2a · Program service revenue: CONFERENCES AND EVENTS

    total $836,206 · related or exempt $836,206

  • 3 · Investment income

    total $25,313 · excluded $25,313

  • 10b · Cost of goods sold

    $58

  • 10c · Net income from sales of inventory

    total -$58 · excluded -$58

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $593,592

  • 7 · Other salaries and wages

    total $1,725,330

  • 8 · Pension plan contributions

    total $18,206

  • 9 · Other employee benefits

    total $97,261

  • 10 · Payroll taxes

    total $146,078

  • 11b · Fees: legal

    total $38,799

  • 11c · Fees: accounting

    total $125,947

  • 11d · Fees: lobbying

    total $90,000

  • 11g · Fees: other

    total $510,183

  • 12 · Advertising and promotion

    total $64,916

  • 13 · Office expenses

    total $86,109

  • 14 · Information technology

    total $79,530

  • 16 · Occupancy

    total $196,561

  • 17 · Travel

    total $179,488

  • 19 · Conferences, conventions and meetings

    total $452,291

  • 22 · Depreciation, depletion and amortization

    total $13,639

  • 23 · Insurance

    total $22,881

  • 24a · Other expenses: BAD DEBTS - NON-RENEWAL

    total $165,000

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,893

  • 24e · All other expenses

    total $15,043

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $575,025 · end of year $1,310,279

  • 2 · Savings and temporary cash investments

    beginning of year $1,502,648 · end of year $15,063

  • 3 · Pledges and grants receivable

    beginning of year $763,458 · end of year $714,088

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,745 · end of year $18,736

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

    $116,908

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

    $114,393

  • 10c · Land, buildings and equipment, net

    beginning of year $16,154 · end of year $2,515

  • 15 · Other assets

    beginning of year $1,309,607 · end of year $3,104,962

  • 17 · Accounts payable and accrued expenses

    beginning of year $318,457 · end of year $117,572

  • 19 · Deferred revenue

    beginning of year $221,838 · end of year $16,418

  • 27 · Net assets without donor restrictions

    beginning of year $3,647,342 · end of year $5,031,653

Mission and programs · 2023

Mission

PROMOTE THE ACCEPTANCE AND USE OF DIGITAL ASSETS AND BLOCKCHAIN-BASED TECHNOLOGIES.

Activities or mission (Part I)

TO PROMOTE THE ACCEPTANCE AND USE OF DIGITAL ASSETS AND BLOCKCHAIN-BASED TECHNOLOGIES.

  • THE DIGITAL CHAMBER IS A NON-PROFIT TRADE ORGANIZATION COMMITTED TO PROMOTING BLOCKCHAIN ADOPTION. THROUGH TARGETED EDUCATION, ADVOCACY, AND STRATEGIC COLLABORATIONS WITH GOVERNMENT AND INDUSTRY STAKEHOLDERS, WE DRIVE INNOVATION AND SHAPE POLICIES THAT CREATE A FAVORABLE ENVIRONMENT FOR THE BLOCKCHAIN TECHNOLOGY ECOSYSTEM.

As filed on the 2023 return.

Listed in Part VII

  • PERIANNE BORING

    PRESIDENT

    Total calculated
    $399,300
    From this org
    $376,800
    From related orgs
    $0
    Other
    $22,500
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $376,800
    Bonus
    $0
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $0
    Filer's total
    $399,300

  • MATT ROSZAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • MICHAEL COHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • JON BORING

    BUSINESS MANAGER

    Total calculated
    $194,292
    From this org
    $194,292
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $194,292
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $194,292

  • TOBIN MCCOMAS

    VP OF DEVELOPMENT

    Total calculated
    $267,544
    From this org
    $250,041
    From related orgs
    $0
    Other
    $17,503
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,041
    Bonus
    $0
    Other
    $0
    Deferred
    $17,503
    Nontaxable benefits
    $0
    Filer's total
    $267,544

  • CODY CARBONE

    VP OF POLICY

    Total calculated
    $293,713
    From this org
    $279,744
    From related orgs
    $0
    Other
    $13,969
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,744
    Bonus
    $0
    Other
    $0
    Deferred
    $13,969
    Nontaxable benefits
    $0
    Filer's total
    $293,713

  • ALEKSANDR CHIZIK

    CHIEF COMMERCIAL OFFICER

    Total calculated
    $161,416
    From this org
    $161,416
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,416
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $161,416

  • SHADAN AZALI

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $171,400
    From this org
    $168,052
    From related orgs
    $0
    Other
    $3,348
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,052
    Bonus
    $0
    Other
    $0
    Deferred
    $3,348
    Nontaxable benefits
    $0
    Filer's total
    $171,400

  • KRISTOPHER P KLAICH

    POLICY DIRECTOR

    Total calculated
    $157,013
    From this org
    $157,013
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,013
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $157,013

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 · First-class or charter travel
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing 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 1A
BUSINESS CLASS TRAVEL IS PROVIDED TO EMPLOYEES FOR BUSINESS RELATED INTERNATIONAL TRAVEL THAT IS GREATER THAN 8 HOURS.

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.

  • DIGITAL ASSET INSTITUTE

    501(C)(3) · SUPPORT FOR THE CHAMBER OF DIGITAL COMMERCE · DC · controlled entity

    Directly controlled by CHAMBER OF DIGITAL COMMERCE

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349315274

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