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Nonprofiteer
← GREATER WILMINGTON CHAMBER OF COMMERCE

Form 990 for tax year 2024

Filed by GREATER WILMINGTON CHAMBER OF COMMERCE.

Totals

Total revenue
$2,702,754
Total expenses
$2,326,250
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,531,746
Investment income
$18,743
Other revenue
$152,265
Total assets, end of year
$2,453,529
Total liabilities, end of year
$1,525,183
Net assets or fund balances, end of year
$928,346
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.

  • 2a · Program service revenue: COURSE MANAGEMENT REVE

    total $1,306,322 · related or exempt $1,306,322

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $859,814 · related or exempt $859,814

  • 2c · Program service revenue: ORGANIZATION EVENTS

    total $164,350 · related or exempt $164,350

  • 2d · Program service revenue: ECONOMIC DEVELOPMENT G

    total $141,707 · related or exempt $141,707

  • 2e · Program service revenue: APPRENTICESHIP

    total $25,000 · related or exempt $25,000

  • 2f · All other program service revenue

    total $34,553 · related or exempt $34,553

  • 3 · Investment income

    total $18,743 · excluded $18,743

  • 6a · Gross rents

    real property $10,397

  • 6b · Less rental expenses

    real property $47,582

  • 6c · Rental income or loss

    real property -$37,185

  • 6d · Net rental income or loss

    total -$37,185 · unrelated business -$37,185

  • 8a · Fundraising events: gross income

    $357,620

  • 8b · Fundraising events: direct expenses

    $168,170

  • 8c · Net income from fundraising events

    total $189,450 · excluded $189,450

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $292,327

  • 7 · Other salaries and wages

    total $900,017

  • 8 · Pension plan contributions

    total $13,291

  • 9 · Other employee benefits

    total $98,974

  • 10 · Payroll taxes

    total $89,386

  • 11b · Fees: legal

    total $226

  • 11c · Fees: accounting

    total $15,014

  • 11g · Fees: other

    total $111,109

  • 12 · Advertising and promotion

    total $142,223

  • 13 · Office expenses

    total $95,334

  • 16 · Occupancy

    total $79,829

  • 17 · Travel

    total $155,592

  • 19 · Conferences, conventions and meetings

    total $15,456

  • 20 · Interest

    total $23,827

  • 22 · Depreciation, depletion and amortization

    total $39,304

  • 23 · Insurance

    total $11,790

  • 24a · Other expenses: BAD DEBTS

    total $116,852

  • 24b · Other expenses: MEALS

    total $51,882

  • 24c · Other expenses: TRAINING

    total $32,868

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $22,061

  • 24e · All other expenses

    total $18,888

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,312 · end of year $142,067

  • 2 · Savings and temporary cash investments

    beginning of year $443,304 · end of year $1,415,918

  • 4 · Accounts receivable

    beginning of year $68,266 · end of year $45,815

  • 7 · Other notes and loans receivable

    end of year $28,216

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,903 · end of year $48,940

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

    $2,053,985

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

    $1,281,412

  • 10c · Land, buildings and equipment, net

    beginning of year $777,318 · end of year $772,573

  • 15 · Other assets

    beginning of year $8,116 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,210 · end of year $3,922

  • 19 · Deferred revenue

    beginning of year $137,318 · end of year $111,408

  • 23 · Secured mortgages and notes payable

    beginning of year $517,108 · end of year $471,994

  • 24 · Unsecured notes and loans payable

    beginning of year $149,900 · end of year $194,600

  • 25 · Other liabilities

    beginning of year $10,841 · end of year $743,259

  • 27 · Net assets without donor restrictions

    beginning of year $551,842 · end of year $728,346

  • 28 · Net assets with donor restrictions

    end of year $200,000

Mission and programs · 2024

Mission

TO PROTECT AND STRENGTHEN THE WILMINGTON BUSINESS COMMUNITY AND HELP BUSINESSES GROW AND THRIVE BY PROVIDING MEMBERS WITH BUSINESS-BUILDING PROGRAMS AND EVENTS TO HELP THEM CONNECT AND DO BUSINESS WITH ONE ANOTHER.

Activities or mission (Part I)

TO PROTECT AND STRENGTHEN THE WILMINGTON BUSINESS COMMUNITY AND HELP BUSINESSES GROW AND THRIVE.

  • IN 2024, THE WILMINGTON CHAMBER OF COMMERCE ADVANCED ITS MISSION TO PROMOTE REGIONAL ECONOMIC GROWTH, WORKFORCE DEVELOPMENT, AND BUSINESS SUCCESS. THE ORGANIZATION HELPED SECURE $242 MILLION IN FEDERAL FUNDING FOR REPLACEMENT OF THE CAPE FEAR MEMORIAL BRIDGE AND SUPPORTED STATE-LEVEL ADVOCACY TO EXPAND ACCESS TO SMALL BUSINESS HEALTH COVERAGE. THE CHAMBER'S SMALL BUSINESS ECONOMIC DEVELOPMENT TEAM SUCCESSFULLY RECRUITED FEDUP FOODS, THE LARGEST PRIVATE-LABEL FERMENTED BEVERAGE MANUFACTURER IN NORTH AMERICA, RESULTING IN 150 NEW JOBS IN THE REGION.THE CHAMBER CONDUCTED 35 NETWORKING EVENTS, 40 COMMITTEE MEETINGS, 51 RIBBON CUTTINGS, AND 10 MAJOR SIGNATURE EVENTS TO PROVIDE MEMBERS WITH ACCESS TO BUSINESS RESOURCES, INFORMATION, AND PROFESSIONAL CONNECTIONS. THE ORGANIZATION RECEIVED THE CACCE EXCELLENCE IN COMMUNICATIONS AWARD FOR ITS NCCAREERCOAST.COM TALENT ATTRACTION INITIATIVE.THROUGH ITS FOUNDATION, THE CHAMBER SERVED 1,740 SEVENTH-GRADE STUDENTS WITH $2.8 MILLION IN STATE FUNDING TO SUPPORT CAREER EXPLORATION PROGRAMS, AND THE CAREER AND LEADERSHIP DEVELOPMENT ACADEMY EARNED THE 2024 ALP EXCELLENCE IN INNOVATION AWARD. THE CHAMBER ALSO SECURED A $200,000 GRANT FROM BLUE CROSS BLUE SHIELD TO STRENGTHEN THE REGIONAL HEALTHCARE WORKFORCE PIPELINE.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Natalie English

    PRESIDENT/CEO

    Total calculated
    $293,671
    From this org
    $271,267
    From related orgs
    $0
    Other
    $22,404
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $271,267
    Bonus
    $0
    Other
    $0
    Deferred
    $8,121
    Nontaxable benefits
    $14,283
    Filer's total
    $293,671

  • Lily Loizeaux

    PERSONNEL COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jim Hundley Jr

    VICE CHAIR/PUBLIC POLICY CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Lisa Leath

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Nicolas Montoya

    MEMBER DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Stephanie Lanier

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Robert Campbell

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rob Kaiser

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Tracey Newkirk

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gustavo Rodea

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Livian Jones

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristy Hubard

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ted Shipley

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ned Glascock

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anthony Parnell

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Neal Andrew

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chakema Clinton-Quintan

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Erin Keller

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • John Gillespie

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ernie Bovio

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tyrone Garrett

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alexis Hunter

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shaun Olsen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brooke Skipper

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Riley Stephenson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrea Troccia

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Megan Mullins

    CHIEF MARKETING AND ENGAGEMENT OFFICER

    Total calculated
    $120,608
    From this org
    $115,500
    From related orgs
    $0
    Other
    $5,108
    Hours/week
    40 + 1 related

  • Dr Steven Hill

    VP, TALENT PIPELINE

    Total calculated
    $120,646
    From this org
    $105,438
    From related orgs
    $0
    Other
    $15,208
    Hours/week
    40 + 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

  • 3 · Compensation committee
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349317336

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