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Nonprofiteer
← CHAMBER OF DIGITAL COMMERCE

Form 990 for tax year 2022

Filed by CHAMBER OF DIGITAL COMMERCE.

Totals

Total revenue
$5,663,945
Total expenses
$5,469,470
Contributions and grants received
$4,528,550
Grants paid
$0
Program service revenue
$1,129,101
Investment income
$2,618
Other revenue
$3,676
Total assets, end of year
$4,187,637
Total liabilities, end of year
$540,295
Net assets or fund balances, end of year
$3,647,342
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

    $4,428,550

  • 1f · All other contributions, gifts and grants

    $100,000

  • 1g · Noncash contributions included above

    $240,000

  • 2a · Program service revenue: CONFERENCES AND EVENTS

    total $1,129,101 · related or exempt $1,129,101

  • 3 · Investment income

    total $2,360 · excluded $2,360

  • 7a · Gross sales of assets other than inventory

    securities $258

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $258

  • 7d · Net gain or loss

    total $258 · unrelated business $258

  • 10b · Cost of goods sold

    $353

  • 10c · Net income from sales of inventory

    total -$353 · excluded -$353

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $4,000 · excluded $4,000

  • 11b · Other revenue: ADVERTISING SALES

    total $29 · unrelated business $29

  • 11e · Other revenue, total

    $4,029

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $835,532

  • 7 · Other salaries and wages

    total $1,933,628

  • 8 · Pension plan contributions

    total $4,210

  • 9 · Other employee benefits

    total $87,319

  • 10 · Payroll taxes

    total $141,535

  • 11b · Fees: legal

    total $343,470

  • 11c · Fees: accounting

    total $141,404

  • 11d · Fees: lobbying

    total $335,190

  • 11g · Fees: other

    total $497,808

  • 12 · Advertising and promotion

    total $62,833

  • 13 · Office expenses

    total $21,377

  • 14 · Information technology

    total $86,961

  • 16 · Occupancy

    total $207,372

  • 17 · Travel

    total $252,410

  • 19 · Conferences, conventions and meetings

    total $478,064

  • 20 · Interest

    total $35

  • 22 · Depreciation, depletion and amortization

    total $22,289

  • 23 · Insurance

    total $7,054

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $10,457

  • 24e · All other expenses

    total $522

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $921,318 · end of year $575,025

  • 2 · Savings and temporary cash investments

    beginning of year $1,000,437 · end of year $1,502,648

  • 3 · Pledges and grants receivable

    beginning of year $703,074 · end of year $763,458

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,500 · end of year $20,745

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

    $116,908

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

    $100,754

  • 10c · Land, buildings and equipment, net

    beginning of year $38,443 · end of year $16,154

  • 15 · Other assets

    beginning of year $3,371,885 · end of year $1,309,607

  • 17 · Accounts payable and accrued expenses

    beginning of year $292,940 · end of year $318,457

  • 19 · Deferred revenue

    beginning of year $28,730 · end of year $221,838

  • 27 · Net assets without donor restrictions

    beginning of year $5,720,987 · end of year $3,647,342

Mission and programs · 2022

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 CHAMBER OF DIGITAL COMMERCE IS THE WORLD'S LEADING TRADE ASSOCIATION REPRESENTING THE DIGITAL ASSET AND BLOCKCHAIN INDUSTRY. OUR MEMBERSHIP CONSISTS OF THE WORLD'S LEADING INNOVATORS, OPERATORS AND INVESTORS IN THE DIGITAL ASSET AND BLOCKCHAIN TECHNOLOGY ECOSYSTEM, INCLUDING START-UPS, SOFTWARE COMPANIES, GLOBAL IT CONSULTANCIES, FINANCIAL INSTITUTIONS, INVESTMENT FIRMS AND LAW FIRMS. THE CHAMBER OF DIGITAL COMMERCE'S INITIATIVES AND WORKING GROUPS ARE MEMBER-DRIVEN AND REFLECT THE PRIORITIES RELEVANT TO THE BLOCKCHAIN ECOSYSTEM. MEMBER COMPANIES ARE INVITED TO PARTICIPATE AND/OR INITIATE NEW PLATFORMS FOR INDUSTRY COLLABORATION.

As filed on the 2022 return.

Listed in Part VII

  • PERIANNE BORING

    PRESIDENT

    Total calculated
    $647,062
    From this org
    $640,833
    From related orgs
    $0
    Other
    $6,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,833
    Bonus
    $335,000
    Other
    $0
    Deferred
    $6,229
    Nontaxable benefits
    $0
    Filer's total
    $647,062

  • MATT ROSZAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL COHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JON BORING

    BUSINESS MANAGER

    Total calculated
    $167,979
    From this org
    $167,979
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,479
    Bonus
    $24,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $167,979

  • TOBIN MCCOMAS

    VP OF DEVELOPMENT

    Total calculated
    $418,079
    From this org
    $407,746
    From related orgs
    $0
    Other
    $10,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $207,746
    Other
    $0
    Deferred
    $10,333
    Nontaxable benefits
    $0
    Filer's total
    $418,079

  • SHADAN AZALI

    DIRECTOR

    Total calculated
    $192,167
    From this org
    $192,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,000
    Bonus
    $92,167
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $192,167

  • CODY CARBONE

    VP OF POLICY

    Total calculated
    $159,423
    From this org
    $159,423
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,423
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,423

  • THOMAS MAPES

    DIRECTOR

    Total calculated
    $153,879
    From this org
    $151,750
    From related orgs
    $0
    Other
    $2,129
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,750
    Bonus
    $8,000
    Other
    $0
    Deferred
    $2,129
    Nontaxable benefits
    $0
    Filer's total
    $153,879

  • BLAIN RETHMEIER

    VP OF PUBLIC AFFAIRS

    Total calculated
    $191,667
    From this org
    $191,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,667
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $191,667

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
FIRST 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
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202303139349304195

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