2025-11-14T13:16:56-06:00 2024-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-01-01 300271980 NGLCC FOUNDATION NGLC 2022349181 1032 15TH ST NW 190 WASHINGTON DC 20005 CHANCE MITCHELL CEO 2022349181 2025-11-14 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2024 2025-03-06 01:10:19Z CHANCE MITCHELL 1032 15TH ST NW 190 WASHINGTON DC 20005 2134960 0 X N/A X 2012 DE SEE PART III, LINE 1. 8 6 0 8 0 0 237510 1940300 0 194660 0 0 4637 0 242147 2134960 0 1500000 0 0 55493 63646 0 0 32 166 32 55659 1563678 186488 571282 264921 408283 445260 17340 -180339 390943 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 1563646 1500000 194660 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. 1563646 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 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 8 6 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 601800 65312 JUSTIN NELSON CO-FOUNDER, PRESIDENT 2.00 40.00 X X 0 600000 45189 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 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 1201800 110501 0 0 1 0 0 1940300 1940300 ANNUAL CONFERENCE 900099 157000 157000 MEMBER DUES 900099 37660 37660 194660 2134960 194660 0 0 1500000 1500000 22276 22276 31585 31585 1833 1833 4567 4567 3385 3385 32 32 1563678 1563646 0 32 173423 10091 91498 13498 0 384694 264921 408283 22500 17340 422760 0 445260 17340 X -180339 149011 241932 -180339 390943 264921 408283 571282 0 X 0 1 X 1 0 X 457180 2922870 2220428 237510 1940300 7778288 457180 2922870 2220428 237510 1940300 7778288 6642025 1136263 4637 4637 7782925 194660 0.14600 0.12180 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 FROM NGLCC 384694 384694 2134960 0 2134960 0 2134960 1563678 0 1563678 0 1563678 1 NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE 1032 15TH ST NW 190 WASHINGTON DC 20005 134219714 501(C)(6) 1500000 0 THE GRANT FUNDS ARE CHARITABLE IN NATURE, SUPPORTING THE NGLCC COMMUNITY IMPACT GRANT PROGRAM. THE PROGRAM AIMS TO PROVIDE OVER 225 SUB-GRANTS AND BUSINESS DEVELOPMENT OPPORTUNITIES TO INDEPENDENT RESTAURANTS, AND TO UNDERWRITE FIRST-YEAR CHAMBER DUES FOR GRANTEES WHO ARE NOT YET MEMBERS OF THEIR LOCAL LGBT CHAMBER OF COMMERCE, ENABLING ACCESS TO FURTHER BUSINESS DEVELOPMENT RESOURCES. 0 1 PART I, LINE 2: THE COMMUNICATIONS DIRECTOR AND THE AFFILIATE RELATIONS DEPARTMENT REGULARLY CORRESPONDS WITH GRANTEES REGARDING THE USE OF GRANTS FUNDS. FUNDS ARE RESTRICTED BY GRANTEES FOR CHARITABLE USE. 0 1 0 0 0 0 0 0 0 CHANCE MITCHELL CO-FOUNDER, CEO 0 451800 0 150000 0 0 0 51200 0 14112 0 667112 0 0 JUSTIN NELSON CO-FOUNDER, PRESIDENT 0 450000 0 150000 0 0 0 32700 0 12489 0 645189 0 0 PART I, LINE 3 NGLCC, THE CONTROLLING 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, 2024, TOTAL DEFERRED COMPENSATION AMOUNTED TO $336,805 AND WAS INVESTED IN INSURED DEPOSIT ACCOUNTS AND MUTUAL FUNDS. NO EMPLOYER CONTRIBUTIONS WERE MADE TO THE PLAN DURING THE YEAR ENDED DECEMBER 31, 2024. 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 FEBRUARY 2025. 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 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE O 63646 EXPENSE AMOUNTS NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE B 1500000 GRANT AMOUNT