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Nonprofiteer
← GREATER RESTON CHAMBER OF COMMERCE

Form 990 for tax year 2024

Filed by GREATER RESTON CHAMBER OF COMMERCE.

Totals

Total revenue
$646,057
Total expenses
$594,667
Contributions and grants received
$369,634
Grants paid
$0
Program service revenue
$271,657
Investment income
$4,766
Other revenue
$0
Total assets, end of year
$76,795
Total liabilities, end of year
$442,426
Net assets or fund balances, end of year
-$365,631
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

    $235,344

  • 1e · Government grants (contributions)

    $35,000

  • 1f · All other contributions, gifts and grants

    $99,290

  • 2a · Program service revenue: VALOR AWARDS REVENUE

    total $69,190 · related or exempt $69,190

  • 2b · Program service revenue: B2G MATCHMAKING

    total $51,157 · related or exempt $51,157

  • 2c · Program service revenue: ED - SPONSORSHIPS

    total $46,900 · related or exempt $46,900

  • 2d · Program service revenue: GOVERNMENT CONTRACT DA

    total $45,645 · related or exempt $45,645

  • 2e · Program service revenue: MISCELLANEOUS

    total $25,722 · related or exempt $25,722

  • 2f · All other program service revenue

    total $33,043 · related or exempt $33,043

  • 3 · Investment income

    total $4,766 · excluded $4,766

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $162,196

  • 7 · Other salaries and wages

    total $59,584

  • 8 · Pension plan contributions

    total $4,380

  • 9 · Other employee benefits

    total $22,850

  • 10 · Payroll taxes

    total $20,922

  • 11g · Fees: other

    total $16,661

  • 12 · Advertising and promotion

    total $5,212

  • 13 · Office expenses

    total $19,451

  • 14 · Information technology

    total $7,889

  • 16 · Occupancy

    total $112,705

  • 17 · Travel

    total $67

  • 19 · Conferences, conventions and meetings

    total $3,878

  • 20 · Interest

    total $27,323

  • 22 · Depreciation, depletion and amortization

    total $58

  • 23 · Insurance

    total $10,611

  • 24a · Other expenses: VALOR AWARDS EXPENSES

    total $46,140

  • 24b · Other expenses: COMMUNICATIONS EXPENSE

    total $19,344

  • 24c · Other expenses: GOLF TOURNAMENT EXPENSE

    total $17,791

  • 24d · Other expenses: FOOD & ENTERTAINMENT

    total $17,088

  • 24e · All other expenses

    total $20,517

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,261 · end of year $23,433

  • 4 · Accounts receivable

    beginning of year $125 · end of year $36,125

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,471 · end of year $9,008

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

    $60,586

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

    $60,586

  • 10c · Land, buildings and equipment, net

    beginning of year $58 · end of year $0

  • 15 · Other assets

    beginning of year $8,229 · end of year $8,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,611 · end of year $85,372

  • 19 · Deferred revenue

    beginning of year $74,225 · end of year $56,950

  • 24 · Unsecured notes and loans payable

    beginning of year $289,954 · end of year $289,954

  • 25 · Other liabilities

    beginning of year $10,375 · end of year $10,150

  • 27 · Net assets without donor restrictions

    beginning of year -$417,021 · end of year -$365,631

Mission and programs · 2024

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.

  • VALOR AWARDS- THE FAIRFAX COUNTY VALOR AWARDS BRINGS TOGETHER OR CORPORATE SUPPORTERS AND COMMUNITY MEMBERS TOGETHER TO RECOGNIZE ACTS OF HEROISM IN SERVICE FROM MEMBERS OF VARIOUS FAIRFAX COUNTY FIRST RESPONDER AGENCIES, INCLUDING LOCAL POLICE, SHERIFF, FIRE AND RESCUE, AND PUBLIC SAFETY COMMUNICATIONS.

  • GOVERNMENT CONTRACTING DAY (B2G) - 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.

  • GOLF EVENT - THE RESTON CHAMBER CUP GOLF TOURNAMENT PROVIDES OUR MEMBERS THE OPPORTUNITY TO NETWORK WHILE COMPETING IN A STRUCTURED, SCORED 18-HOLE ROUND OF GOLF.

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

Listed in Part VII

  • Charles Kapur

    SECRETARY

    Total calculated
    $162,196
    From this org
    $146,000
    From related orgs
    $0
    Other
    $16,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,000
    Bonus
    $0
    Other
    $0
    Deferred
    $4,380
    Nontaxable benefits
    $11,816
    Filer's total
    $162,196

  • Angela Inzerillo

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    4

  • Nohman Ishaq

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    4

  • Matthew Clary III

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    4

  • Kevin Taylor

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Joey Musmar

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Andrew Klaff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barry H Biggar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Colin May

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nathan Vooys

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ray Billings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dee Kakar

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Bebe Nguyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alice Chin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kia Cole-Hines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mohamad Elbarasse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Zach Fountain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dominic Bonaiuto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Ingrao

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Blake Frieman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anthony Moawad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Samantha S Marshall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robyn McClure

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Micki Betts Moravitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Vandergift

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Madden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christina Duong Nedic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carla Post

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kelly Posusney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alicia Kane Liddle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alex Thalacker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Keisha Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wes 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.

  • INCSPIRE

    501(C)3 · TO ASSIST ENTREPRENEURS IN FORMING AND DEVELOPING HIGH GROWTH BUSINESSES IN · VA

Provenance

Return type
form_990
Tax year
2024
Filed
1 May 2026
IRS schema version
2024v5.5
Source object
202601289349300415

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