2024-10-21T17:09:56-04:00 2023-12-31 561743537 LANGDON & COMPANY LLP 223 US HIGHWAY 70 EAST SUITE 100 GARNER NC 275294051 990 2023-01-01 561918853 NORTH CAROLINA CHAMBER FOUNDATION NORT 9198361400 701 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 GARY J SALAMIDO BOARD MEMBER 9198361400 2024-10-21 true true JESSICA DUPREE P02000926 9196621001 2024-10-21 2023 2024-10-15 13:58:12Z GARY J SALAMIDO 701 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 4022165 false X X 1995 NC TO PROMOTE SOCIAL WELFARE IN NORTH CAROLINA 14 13 0 14 0 279500 2697341 0 -292468 -11108 0 -12968 2686233 0 0 0 0 0 765454 1685045 765454 1685045 -778422 1001188 3636911 5545570 315643 703254 3321268 4842316 X THE PURPOSE AND MISSION OF THE ORGANIZATION IS TO PROMOTE THE SOCIAL WELFARE OF THE STATE OF NORTH CAROLINA AND ITS CITIZENS BY IDENTIFYING, INVESTIGATING, STUDYING, RESEARCHING, AND ANALYZING IN A NONPARTISAN MANNER THE FACTORS THAT ENHANCE THE BUSINESS CLIMATE, WORKFORCE DEVELOPMENT, AND QUALITY OF LIFE OF THE STATE, INCLUDING THE PROSPECTS FOR THE CREATION AND RETENTION OF JOBS FOR THE STATE'S CITIZENS, AND EDUCATING AND INSTRUCTING THE BUSINESS COMMUNITY AND GENERAL PUBLIC BY DISSEMINATING AND PUBLISHING THE KNOWLEDGE GAINED AS A RESULT OF THOSE ACTIVITIES. THE ORGANIZATION WILL NOT DIRECT ITS EFFORTS OR EXPEND FUNDS IN MAKING ANY LEGISLATIVE RECOMMENDATIONS, PREPARING PROSPECTIVE LEGISLATION, OR CONTACTING LEGISLATORS OR OTHER ELECTED OFFICIALS FOR THE PURPOSE OF INFLUENCING LEGISLATION. false false 1286688 PROACTIVELY DELIVER PRO-BUSINESS SOLUTIONS FOR NORTH CAROLINA'S MOST DAUNTING ECONOMIC CHALLENGES TO EFFECTIVELY PRODUCE MEANINGFUL OUTCOMES. DRIVE IMPLEMENTATION OF "NORTH CAROLINA VISION 2030 - A PLAN FOR ACCELERATING JOB GROWTH AND SECURING NORTH CAROLINA'S FUTURE," DEVELOPED WITH THE INVOLVEMENT OF TOP NORTH CAROLINA BUSINESS LEADERS, LOCAL CHAMBERS OF COMMERCE AND KEY STAKEHOLDERS. PROMOTE ACCOUNTABILITY, TRANSPARENCY AND CLEAR METRICS KEY FOR MEASURING PROGRESS THATIS ACCESSIBLE TO CITIZENS, POLITICIANS, ASSOCIATIONS, UNIVERSITIES AND ANYONE WHO HAS AN INTERNET- ENABLED DEVICE. 1286688 true true false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false X 14 13 false false false false false true true true true false false true true true true true true true false false NC X MARK VANOSDELL 9197926342 701 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 GARY J SALAMIDO BOARD MEMBER 1.00 36.50 X 0 688383 22735 MEREDITH ARCHIE PRESIDENT 36.50 1.00 X X 0 182725 16779 AMY FOWLER TREASURER 7.50 30.00 X 0 118136 10019 JANEL BOYD SECRETARY 1.00 36.50 X X 0 97519 11973 LAURA BUNN TREASURER 7.50 30.00 X X 0 0 0 JIM HANSEN BOARD MEMBER 1.00 X 0 0 0 D RUSSELL HARRIS BOARD MEMBER 1.00 X 0 0 0 DALE JENKINS BOARD MEMBER 1.00 X 0 0 0 FRANK B HOLDING JR CHAIR 1.00 X X 0 0 0 CHARMAINE RIGGINS BOARD MEMBER 1.00 X 0 0 0 SEPIDEH SAIDI BOARD MEMBER 1.00 X 0 0 0 STEPHEN C SCOTT BOARD MEMBER 1.00 X 0 0 0 JULE SMITH BOARD MEMBER 1.00 X 0 0 0 TUNDE SOTUNDE BOARD MEMBER 1.00 X 0 0 0 DEREK B STEED BOARD MEMBER 1.00 X 0 0 0 DAVID H WEAVER BOARD MEMBER 1.00 X 0 0 0 ROBERT WOMBLE BOARD MEMBER 1.00 X 0 0 0 1086763 61506 false true false 2697341 2697341 57958 57958 1266866 1335932 -69066 -69066 -69066 2686233 -69066 57958 X 1922 1478 444 11681 11681 735000 565158 169842 216 166 50 4616 3549 1067 200 154 46 37439 28788 8651 79854 61402 18452 7405 5694 1711 16042 12335 3707 PERSONNEL EXPENSE 780213 599924 180289 MISC. EXPENSE 8342 6414 1928 DUES & SUBSCRIPTIONS 1808 1390 418 LICENSE & FEES 202 155 47 105 81 24 1685045 1286688 398357 0 180826 2305546 3233946 3006267 206097 233757 82500 82500 16042 3636911 5545570 44497 29156 271146 674098 315643 703254 X 3321268 4842316 3321268 4842316 3636911 5545570 X 1001188 480413 39447 X false true X true false X X X 1 NORTH CAROLINA CHAMBER 560340499 7 true 0 0 1 0 true false true true true false false false false false false false false false false false false true false PART IV, SECTION A, LINE 3B ANNUALLY THE FOUNDATION REQUESTS THE CHAMBER COMPLETE A PRO FORMA SCHEDULE A, PART III SUPPORT SCHEDULE THIS SUPPORT CALCULATION AND THE INTERNAL REVENUE SERVICE APPROVAL LETTER DETERMINING THE ORGANIZATION AS A TYPE I SUPPORTING ORGANIZATION WILL BE KEPT ON FILE BY THE FOUNDATION. PART IV, SECTION A, LINE 3C THE FOUNDATION DOES NOT NORMALLY MAKE GRANTS TO ITS SUPPORTED ORGANIZATION INSTEAD,IT CARRIES OUT CHARITABLE AND EDUCATIONAL PROGRAMS DIRECTLY THAT ARE CONSISTENT WITH FOUNDATION'S MISSION TO PROMOTE THE SOCIAL WELFARE OF THE STATE OF NORTH CAROLINA AND ITS CITIZENS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82500 82500 INTERCOMPANY PAYABLE 674098 674098 X 3154965 480413 -11681 468732 2686233 2686233 1673364 -11681 -11681 1685045 1685045 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT DECEMBER 31, 2023 AND 2022. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2023 AND 2022. SCHEDULE D, PAGE 4, PART XI, LINE 2D RECLASS INVESTMENT EXPENSE -11,681 SCHEDULE D, PAGE 4, PART XII, LINE 2D RECLASS INVESTEMENT EXPENSE -11,681 false false false false false false false false false GARY J SALAMIDO BOARD MEMBER 384401 298962 5020 12450 10285 711118 MEREDITH ARCHIE PRESIDENT 166142 16583 7225 9554 199504 SCHEDULE J, PART III GARY SALAMIDO EARNED A CONTRIBUTION TO HIS 457(F) PLAN FOR 2023. FORM 990 - ORGANIZATION'S MISSION THE PURPOSE AND MISSION OF THE ORGANIZATION IS TO PROMOTE THE SOCIAL WELFARE OF THE STATE OF NORTH CAROLINA AND ITS CITIZENS BY IDENTIFYING, INVESTIGATING, STUDYING, RESEARCHING, AND ANALYZING IN A NONPARTISAN MANNER THE FACTORS THAT ENHANCE THE BUSINESS CLIMATE, WORKFORCE DEVELOPMENT, AND QUALITY OF LIFE OF THE STATE, INCLUDING THE PROSPECTS FOR THE CREATION AND RETENTION OF JOBS FOR THE STATE'S CITIZENS, AND EDUCATING AND INSTRUCTING THE BUSINESS COMMUNITY AND GENERAL PUBLIC BY DISSEMINATING AND PUBLISHING THE KNOWLEDGE GAINED AS A RESULT OF THOSE ACTIVITIES. THE ORGANIZATION WILL NOT DIRECT ITS EFFORTS OR EXPEND FUNDS IN MAKING ANY LEGISLATIVE RECOMMENDATIONS, PREPARING PROSPECTIVE LEGISLATION, OR CONTACTING LEGISLATORS OR OTHER ELECTED OFFICIALS FOR THE PURPOSE OF INFLUENCING LEGISLATION. FORM 990, PAGE 6, PART VI, LINE 7A THE EXECUTIVE COMMITEE OF THE NORTH CAROLINA CHAMBER ELECTS THE BOARD OF DIRECTORS OF THE FOUNDATION. ADDITIONALLY, THE CHAIR OF THE NORTH CAROLINA CHAMBER SERVES AS AN EX-OFFICIO VOTING MEMBER OF THE BOARD OF DIRECTORS OF THE FOUNDATION. FORM 990, PAGE 6, PART VI, LINE 7B THE FOUNDATIONS ARTICLES OF INCORPORATION AND BYLAWS MAY ONLY BE AMENDED BY A TWO-THIRDS VOTE OF THE ENTIRE MEMBERSHIP OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THE NORTH CAROLINA CHAMBER. FORM 990, PAGE 6, PART VI, LINE 11B FOUNDATION STAFF REVIEWS THE FORM 990 AND APPROVES THE 990. THE FINAL VERSION OF THE FORM 990 IS PROVIDED TO THE BOARD THROUGH THE ONLINE PORTAL TO REVIEW PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ALL MEETINGS BEGIN WITH ASKING ANYONE TO DISCLOSE ANY CONFLICTS THEY MAY HAVE. THIS IS DOCUMENTED IN THE MINUTES OF THE MEETINGS. FORM 990, PAGE 6, PART VI, LINE 15A KEY PERSONNEL IN SUPPORT OF THE FOUNDATION ARE CHAMBER EMPLOYEES AND ARE SUBJECT TO COMPENSATION,CLASSIFICATION AND ALL OTHER PERSONNEL POLICIES OF THE CHAMBER. THE CHAMBER PERIODICALLY REVIEWS ITS CLASSIFICATION AND COMPENSATION STRUCTURE. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES 63,436 19,064 0 CONSULTING 420,985 126,515 0 OTHER 80,737 24,263 0 TOTAL 565,158 169,842 0 FORM 990, PART XI, LINE 9 PRIOR PERIOD ADJUSTMENT 39,447 PRIOR PERIOD ADJUSTMENT 0 TOTAL 39,447 NC CHAMBER LEGAL INSTITUTE 701 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 474901025 NC 501C6 NC CHAMBER NORTH CAROLINA CHAMBER true NC CHAMBER PAC 701 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 271128346 NC 527 NC CHAMBER NORTH CAROLINA CHAMBER true NC CHAMBER INDEPENDENT EXPENDITURE 701 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 453806669 NC 527 NC CHAMBER NORTH CAROLINA CHAMBER true NC CHAMBER 701 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 560340499 NC 501C6 N/A false NC CHAMBER SERVICES 701 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 272419422 SERVICES NC NC CHAMBER C CORP -131604 84636 1.00000 true false false false false true false false false false false false false false true true false false false false NORTH CAROLINA CHAMBER E 674098 BOOK VALUE NORTH CAROLINA CHAMBER N 37439 BOOK VALUE NORTH CAROLINA CHAMBER O 780213 BOOK VALUE