2023-11-14T12:23:32-06:00 2022-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-01-01 300271980 NGLCC FOUNDATION NGLC 2022349181 1032 15TH ST NW 190 WASHINGTON DC 20005 CHANCE MITCHELL CEO 2022349181 2023-11-14 1 CHANCE MITCHELL 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHANCE MITCHELL 1032 15TH ST NW 190 WASHINGTON DC 20005 2220428 0 X N/A X 2012 DE SEE PART III, LINE 1. 10 8 0 8 0 0 2922870 2220428 0 0 0 0 0 0 2922870 2220428 2802652 2210000 0 0 39322 47618 0 0 238 332 222 2842306 2257840 80564 -37412 145234 510440 474649 877267 -329415 -366827 X THE FOUNDATION WILL SUPPORT NGLCC IN PROVIDING EDUCATIONAL INFORMATION TO NGLCC'S MEMBERS AND THE PUBLIC AT LARGE ON SUBJECTS USEFUL TO THE MEMBERSHIP AND BENEFICIAL TO THE COMMUNITY. NGLCC IS ORGANIZED AND OPERATED TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS WHO REPRESENT GAY, LESBIAN, BISEXUAL AND TRANSGENDER BUSINESSES ("GLBT BUSINESSES"). THE FOUNDATION WILL SUPPORT NGLCC BY FUNDING (OR CONDUCTING DIRECTLY) THESE EDUCATIONAL AND CHARITABLE ACTIVITIES IN THE FUTURE TO THE EXTENT IT IS ABLE TO DO SO. 0 0 2257489 2210000 THE FOUNDATION WILL SUPPORT NGLCC IN PROVIDING EDUCATIONAL INFORMATION TO NGLCC'S MEMBERS AND THE PUBLIC AT LARGE ON SUBJECTS USEFUL TO THE MEMBERSHIP AND BENEFICIAL TO THE COMMUNITY. NGLCC IS ORGANIZED AND OPERATED TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS WHO REPRESENT GAY, LESBIAN, BISEXUAL AND TRANSGENDER BUSINESSES ("GLBT BUSINESSES"). THE FOUNDATION WILL SUPPORT NGLCC BY FUNDING (OR CONDUCTING DIRECTLY) THESE EDUCATIONAL AND CHARITABLE ACTIVITIES IN THE FUTURE TO THE EXTENT IT IS ABLE TO DO SO. 2257489 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 8 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X CHANCE MITCHELL 2022349181 1032 15TH ST NW 190 WASHINGTON DC 20005 CHANCE MITCHELL CO-FOUNDER, CEO 2.00 40.00 X X 0 533562 53140 JUSTIN NELSON CO-FOUNDER, PRESIDENT 2.00 40.00 X X 0 531762 39416 CAROL ATTAK CHAIRPERSON 0.50 2.00 X X 0 0 0 MICHAEL FULLER TREASURER 0.50 2.00 X X 0 0 0 MARK BERTOLINI BOARD MEMBER 0.50 1.00 X 0 0 0 PAUL ASHLEY BOARD MEMBER 0.50 1.00 X 0 0 0 PATRICK QUAYLE BOARD MEMBER 0.50 1.00 X 0 0 0 PATRICK O'KEEFE BOARD MEMBER 0.50 1.00 X 0 0 0 NEDRA DICKSON BOARD MEMBER 0.50 1.00 X 0 0 0 VONSHE JENKINS BOARD MEMBER 0.50 1.00 X 0 0 0 0 1065324 92556 0 0 1 0 0 2220428 2220428 2220428 0 0 0 2210000 2210000 47618 47489 113 16 222 222 2257840 2257489 113 238 145234 10440 500000 145234 510440 474649 877267 474649 877267 X -329415 -366827 -329415 -366827 145234 510440 -37412 0 X 0 1 X 1 0 X 401138 2159265 457180 2922870 2220428 8160881 401138 2159265 457180 2922870 2220428 8160881 7352558 808323 200 200 8161081 0.09900 0.10970 X NGLCC FOUNDATION QUALIFIES AS A PUBLIC CHARITY UNDER THE "FACTS AND CIRCUMSTANCES" TEST OF 1.170A-9(F)(3) OF THE TREASURY REGULATIONS, BASED UPON THE FOLLOWING:NGLCC FOUNDATION IS ORGANIZED AND OPERATED SO AS TO ATTRACT NEW AND ADDITIONAL FUNDING ON A CONTINUOUS BASIS, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(II). NGLCC FOUNDATION HAS RECENTLY UNDERTAKEN SIGNIFICANT EFFORTS TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT. RECOGNIZING THE VALUE OF NGLCC FOUNDATION'S WORK TO THE COMMUNITY, A SMALL NUMBER OF PRIVATE FOUNDATIONS HAVE PROVIDED NGLCC FOUNDATION WITH SUPPORT IN RECENT MONTHS NOT ONLY TO HELP THE ORGANIZATION CONTINUE ITS WORK BUT ALSO TO BEGIN A NEW DEVELOPMENT EFFORT TO BROADEN NGLCC FOUNDATION'S BASE OF SUPPORT.IN MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I), NGLCC FOUNDATION HAS RECEIVED SUPPORT FROM A REPRESENTATIVE NUMBER OF PERSONS, RATHER THAN RECEIVING ALL OR MOST OF ITS SUPPORT FROM THE MEMBERS OF A SINGLE FAMILY, OR FROM A SINGLE DONOR. NGLCC FOUNDATION'S CURRENT FUNDRAISING PLANS ARE TARGETED AT A BROAD BASE OF DONORS. IN THIS RESPECT, NGLCC FOUNDATION MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(III)(B).NGLCC FOUNDATION REMAINS AN ORGANIZATION COMMITTED TO SERVING THE PUBLIC THROUGH ITS WORK. NGLCC FOUNDATION SUPPORTS NGLCC IN PROVIDING EDUCATIONAL INFORMATION TO NGLCC'S MEMBERS AND THE PUBLIC AT LARGE ON SUBJECTS USEFUL TO THE MEMBERSHIP AND BENEFICIAL TO THE COMMUNITY. NGLCC IS ORGANIZED AND OPERATED TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS WHO REPRESENT GAY, LESBIAN, BISEXUAL AND TRANSGENDER BUSINESSES ("GLBT BUSINESSES"). THE FOUNDATION WILL SUPPORT NGLCC BY FUNDING (OR CONDUCTING DIRECTLY) THESE EDUCATIONAL AND CHARITABLE ACTIVITIES IN THEFUTURE TO THE EXTENT IT IS ABLE TO DO SO. IN THIS MANNER, NGLCC FOUNDATION MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(III)(D). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED PARTY 877267 877267 X 2220428 0 2220428 0 2220428 2257840 0 2257840 0 2257840 PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATIONS HAVE DOCUMENTED THEIR CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAVE DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE 1032 15TH ST NW 190 WASHINGTON DC 20005 134219714 501(C)(6) 2210000 0 TO EDUCATE INDIVIDUALS AND LGBT ENTERPRISES ON SUBJECTS USEFUL TO THE MEMBERS AND BENEFICIAL TO THE LGBT COMMUNITY. 0 1 PART I, LINE 2: NGLCC FOUNDATION WORKS CLOSELY WITH NGLCC, A RELATED ORGANIZATION, TO ENSURE THE GRANT FUNDS ARE USED FOR CHARITABLE AND EDUCATIONAL PURPOSE. 0 1 0 0 0 0 0 0 0 CHANCE MITCHELL CO-FOUNDER, CEO 0 421062 0 0 0 112500 0 38800 0 14340 0 586702 0 0 JUSTIN NELSON CO-FOUNDER, PRESIDENT 0 419262 0 0 0 112500 0 29640 0 9776 0 571178 0 0 PART I, LINE 3 NGLCC A RELATED ORGANIZATION USES THE FOLLOWING METHODS IN DETERMINING COMPENSATION OF THE CEO AND THE PRESIDENT: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS PART I, LINE 4B NGLCC A RELATED ORGANIZATION IMPLEMENTED A 457(F) RETIREMENT PLAN DURING 2018. AS OF DECEMBER 31, 2022, TOTAL DEFERRED COMPENSATION AMOUNTED TO $130,960 AND WAS INVESTED IN INSURED DEPOSIT ACCOUNTS AND MUTUAL FUNDS. NO EMPLOYER CONTRIBUTIONS WERE MADE TO THE PLAN DURING THE YEAR ENDED DECEMBER 31, 2022. FORM 990, PART VI, SECTION A, LINE 2 CO-FOUNDERS CHANCE MITCHELL AND JUSTIN NELSON, ALONG WITH BOARD MEMBER MICHAEL FULLER HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CHARTER MEMBERS WHO ARE THE CO-FOUNDERS OF THE ORGANIZAITON. FORM 990, PART VI, SECTION A, LINE 7A THE TWO CHARTER MEMBERS HAVE THE ABILITY TO TO APPOINT AND REMOVE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE CEO AND FINANCE COMMITTEE. A COPY OF THE RETURN WAS PROVIDED TO THE BOARD PRIOR TO SUBMISSION WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE BOARD CHAIRPERSON INTRODUCES THE SUBJECT OF CONFLICT OF INTEREST AT THE ANNUAL BOARD OF DIRECTORS MEETING, UTILIZING THE BOARD-ADOPTED CONFLICT OF INTEREST FORM. AT THAT TIME, OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT. IN THE CASE OF DISCLOSURE OF A CONFLICT OF INTEREST TO THE EXECUTIVE OFFICE, THE EXECUTIVE OFFICE DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN NGLCC FOUNDATION'S BEST INTEREST, AND THE MANNER THE CONFLICT SHOULD BE MANAGED. IN THE CASE OF ANY DISCLOSURE OF A CONFLICT OF INTEREST TO THE NOMINATING AND GOVERNANCE COMMITTEE, THE NOMINATING AND GOVERNANCE COMMITTEE DETERMINES, BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS, WHETHER A CONFLICT OF INTEREST EXISTS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN NGLCC FOUNDATION'S BEST INTEREST, AND THE MANNER THE CONFLICT SHOULD BE MANAGED. IF ONE FAILS TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE EXECUTIVE OFFICE OR THE NOMINATING AND GOVERNANCE COMMITTEE OR BOARD, AS THE CASE MAY BE, TAKES ANY APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION RELIES ON A RELATED ORGANIZATION TO DETERMINE COMPENSATION. THE PROCESS OF THE RELATED ENTITY NGLCC IS AS FOLLOWS: THE COMPENSATION OF THE CEO AND PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. AS PART OF THE PROCESS, COMPARABILITY DATA IS OBTAINED AND REVIEWED, ALONG WITH FINAL OFFICER COMPENSATION ESTABLISHED BY THE BOARD'S COMPENSATION COMMITTEE PRIOR TO FORMAL ADOPTION BY BOARD OF DIRECTORS. THE COMPENSATION PROCESS IS DOCUMENTED AND IT LAST TOOK PLACE IN SEPTEMBER 2022. IN 2017 THE BOARD HIRED AN OUTSIDE INDEPENDENT COMPENSATION FIRM TO REVIEW THE COMPENSATION OF THE CEO AND PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE 1032 15TH ST NW 190 WASHINGTON DC 20005 134219714 MEMBERSHIP DE 501(C)(6) N/A N/A 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE B 2210000 GRANT AMOUNT NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE O 47618 EXPENSE AMOUNTS NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE E 877267 ACTUAL AMOUNT