2025-11-13T12:56:21-06:00 2024-12-31 561965804 THOMAS JUDY & TUCKER PA 4700 FALLS OF NEUSE ROAD STE 400 RALEIGH NC 27609 990 2024-01-01 561918853 NORTH CAROLINA CHAMBER FOUNDATION NORT 9198361403 701 CORPORATE CENTER DR 275 RALEIGH NC 27607 MEREDITH ARCHIE FOUNDATION PRESIDENT 9196170477 2025-11-13 1 0 MICHAEL A SHUSKO CPA P01314870 9195717055 2025-11-13 2024 2025-03-06 01:10:19Z MEREDITH ARCHIE 701 CORPORATE CENTER DR 275 RALEIGH NC 27607 3308773 0 X HTTPS://NCCHAMBER.COM/FOUNDATION X 1995 NC TO PROMOTE SOCIAL WELFARE IN NORTH CAROLINA 14 12 0 14 0 0 2697341 3102221 0 0 57958 199067 -69066 0 2686233 3301288 0 100000 0 0 0 743348 0 0 0 1685045 351893 1685045 1195241 1001188 2106047 5545570 7595896 703254 416309 4842316 7179587 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. 0 0 887920 100000 PROACTIVELY DELIVER PRO-BUSINESS SOLUTIONS FOR NORTH CAROLINA'S MOST DAUNTING ECONOMIC CHALLENGES TO EFFECTIVELY PRODUCE MEANINGFUL OUTCOMES. DRIVE IMPLEMENTATION OF NC LEADS: DRIVING JOB CREATION, INCREASING PROSPERITY", 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. 887920 1 1 0 0 0 0 0 0 0 0 1 1 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 12 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X TONIA OSTANEK 9198361409 701 CORPORATE CENTER DRIVE RALEIGH NC 27607 MEREDITH ARCHIE FOUNDATION PRESIDENT 3.00 36.50 X X 0 206633 17552 GARY J SALAMIDO MS BOARD MEMBER 1.00 36.50 X 0 448754 23346 FRANK HOLDING CHAIR 2.00 X X 0 0 0 JANEL POUGH SECRETARY 2.00 X X 0 0 0 LAURA BUNN TREASURER 2.00 X X 0 0 0 JULE SMITH BOARD MEMBER 1.00 1.00 X 0 0 0 JIM HANSEN BOARD MEMBER 1.00 1.00 X 0 0 0 DR TUNDE SOTUNDE MD MBA FAAP BOARD MEMBER 1.00 1.00 X 0 0 0 DEREK B STEED BOARD MEMBER 1.00 1.00 X 0 0 0 RUSTY HARRIS BOARD MEMBER 1.00 1.00 X 0 0 0 JODIE HUGHES BOARD MEMBER 1.00 X 0 0 0 OLIVER BROOKS BOARD MEMBER 1.00 X 0 0 0 INDIRA EVERETT BOARD MEMBER 1.00 X 0 0 0 DALE JENKINS BOARD MEMBER 1.00 X 0 0 0 0 655387 40898 0 0 1 0 0 3102221 3102221 206552 206552 7485 -7485 -7485 -7485 3301288 0 0 199067 X 100000 100000 646853 458430 188423 21823 15466 6357 34922 24749 10173 39750 28171 11579 438 345 93 11609 11609 279249 219866 59383 10714 8436 2278 12757 10929 1828 106 83 23 33524 19146 14378 DUES 3496 2299 1197 1195241 887920 307321 0 2305546 911307 3006267 2075898 233757 1350071 2900 82500 82500 0 0 3255720 5545570 7595896 29156 32020 674098 384289 703254 416309 X 4842316 7179587 4842316 7179587 5545570 7595896 2106047 270671 -39447 0 X X 0 1 X 1 0 X X X 1 NORTH CAROLINA CHAMBER 560340499 7 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B DETERMINATION MADE BY ORGANIZATION 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 CONTROLS FOR 170(C)(2)(B) PURPOSES 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 0 0 SHORT TERM INVESTMENTS 48700 C MUTUAL FUNDS EQUITY 2141142 C MUTUAL FUNDS FIXED INCOME 930364 C OTHER FUNDS 135514 C 3255720 INTERCOMPANY PAYABLE 384289 384289 X 3560350 270671 270671 3289679 11609 11609 3301288 1183632 0 1183632 11609 11609 1195241 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCEPROVIDED 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, 2024 AND 2023. 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, 2024 AND 2023. 1 NCAP FOUNDATION INC 3700 GLENWOOD AVE STE 310 RALEIGH NC 27612 934925264 501(C)(3) 50000 0 GOOGLE GRANT DIGITAL DRIVEN AGRICULTURE PROJ. ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION PO BOX 1010 ASHEVILLE NC 28802 561762978 501(C)(3) 10000 0 MOUNTAIN STRONG FUND BUSINESS RECOVERY/HELENE COMMUNITY FOCUS FOUNDATION INC PO BOX 215 BREVARD NC 28712 311789875 501(C)(3) 10000 0 SMALL BUSINESS EMERGENCY RELIEF FUND/HELENE MCDOWELL CHAMBER COMMUNITY & BUSINESS IMPACT INC 1170 TATE STREET MARION NC 28752 923798075 501(C)(3) 10000 0 EMERGENCY RELIEF FUND/HURRICANE HELENE HAYWOOD ADVANCEMENT FOUNDATION INC PO BOX 311 WAYNESVILLE NC 28766 561702956 501(C)(3) 10000 0 EMERGENCY RELIEF FUND/HURRICANE HELENE BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION 207 NEW MARKET CENTER BOONE NC 28607 920859710 501(C)(3) 10000 0 EMERGENCY RELIEF FUND/HURRICANE HELENE 0 0 0 0 0 0 0 0 0 GARY J SALAMIDO MS BOARD MEMBER 0 448754 0 0 0 0 0 12873 0 10473 0 472100 0 0 MEREDITH ARCHIE FOUNDATION PRESIDENT 0 206633 0 0 0 0 0 8243 0 9309 0 224185 0 0 FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS 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, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS 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, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 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, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICYALL MEETINGS BEGIN WITH ASKING ANYONE TO DISCLOSE ANY CONFLICTS THEY MAY HAVE. THIS IS DOCUMENTED IN THE MINUTES OF THE MEETINGS FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL 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, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 12,598. MANAGEMENT AND GENERAL EXPENSES 3,402. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,000. CONSULTING: PROGRAM SERVICE EXPENSES 186,574. MANAGEMENT AND GENERAL EXPENSES 50,392. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 236,966. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 20,694. MANAGEMENT AND GENERAL EXPENSES 5,589. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,283. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. NORTH CAROLINA CHAMBER POLITICAL ACTION COMMITTEE 701 CORPORATE CENTER DRIVE SUITE 27 RALEIGH NC 27607 271128346 SEC. 527 POLITICAL ORGANIZATION NC 527 NC CHAMBER 0 NORTH CAROLINA CHAMBER LEGAL INSTITUTE 701 CORPORATE CENTER DRIVE SUITE 27 RALEIGH NC 27607 474901025 RESEARCH, EDUCATION & JUDICIAL ADVOCACY NC 501(C)(6) NC CHAMBER 1 NORTH CAROLINA CHAMBER INDEPENDENT EXPENDITURE 701 CORPORATE CENTER DRIVE SUITE 27 RALEIGH NC 27607 453806669 SEC. 527 POLITICAL ORGANIZATION NC 527 NC CHAMBER 1 NC CHAMBER 701 CORPORATE CENTER DRIVE SUITE 27 RALEIGH NC 27607 560340499 RESEARCH AND EDUCATION NC 501(C)(6) NC CHAMBER 0 NORTH CAROLINA CHAMBER SERVICES 701 CORPORATE CENTER DRIVE SUITE 27 RALEIGH NC 27607 272419422 SERVICES NC NORTH CAROLINA CHAMBER C 161278 76614 1.00000 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 NORTH CAROLINA CHAMBER E 384289 BOOK VALUE NORTH CAROLINA CHAMBER O 743348 BOOK VALUE