National Chamber Foundation in Washington, District of Columbia (DC)

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National Chamber Foundation
Employer Identification Number (EIN)526073268
Name of OrganizationNational Chamber Foundation
Address1615 H St Nw, Washington, DC 20062-0001
ActivitiesScientific research (diseases), Contact or sponsored scientific research for industry, Other school related activities
SubsectionEducational Organization, Scientific Organization
Ruling Date09/1967
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$17,232,611
Amount of Income$6,821,103
Form 990 Revenue Amount$6,821,103
National Taxonomy of Exempt Entities (NTEE)Public, Society Benefit - Multipurpose and Other: Public Finance, Taxation, Monetary Policy


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Amount of income in 2013: $6,821,103
National Chamber Foundation: 

 $6,821,103
Other organizations performing similar types of work: 

 $315,925

Assets in 2013: $17,232,611
This organization: 

 $17,232,611
Other organizations performing similar types of work: 

 $59,255

Expenses in 2012: $9,582,214
This organization: 

 $9,582,214
Other organizations performing similar types of work: 

 $217,503

Income to expenses ratio in 2012: 0.7
This organization: 

 0.7
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 92.4%
This organization: 

 92.4%
Other organizations performing similar types of work: 

 100.0%

Employees paid over $100,000 in 2012: 45.0%
This organization: 

 45.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2012: 91.4%
National Chamber Foundation: 

 91.4%
Other organizations performing similar types of work: 

 60.7%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$15,091,414
Contributions, Gifts, Grants and Other Similar Amounts$13,789,672
Program Service Revenue$1,190,066
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$111,676
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$9,582,214
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$1,542,114
Payroll taxes$0
Professional fundraising services$0
Other$8,040,100
Balance Sheet (for 2012)
Total assets$15,615,617
Total liabilities$312,650
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$312,650
Total net assets or fund balances$15,302,967
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$38,495,169
Gifts, grants, contributions, and membership fees received$35,952,616
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2,542,553
Gross receipts from related activities, etc.$4,987,508
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2004200520062007
Total revenue$11,254,002$7,388,291$7,850,677$6,743,158
Contributions, gifts, grants, and similar amounts received$10,066,483$5,095,247$5,382,195$3,846,329
Contributions to donor advised funds$0$0
Direct public support$9,404,171$4,480,375$4,913,859$3,340,401
Indirect public support$486,000$475,100$390,000$505,928
Government contributions (grants)$176,312$139,772$78,336$0
Program service revenue including government fees and contracts$1,084,184$1,041,546$971,058$1,235,628
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$0$0$5,998$88,440
Dividends and interest from securities$2,232$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-172,754$7,160$64,250$-26,792
Gross amount from sales of assets other than inventory$4,827,102$7,052,894$2,622,040$722,859
Less: cost or other basis and sales expenses$4,999,856$7,045,734$2,557,790$749,651
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$273,857$1,244,338$1,427,176$1,599,553
Total expenses$5,082,436$6,283,241$8,388,724$10,853,067
Program services$4,962,288$5,628,031$7,724,613$10,031,375
Management and general$521,381$500,697$469,308$656,468
Fundraising$-401,233$154,513$194,803$165,224
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$24,271,593$25,434,551$24,907,347$20,834,721
Excess or (deficit) for the year$6,171,566$1,105,050$-538,047$-4,109,909
Net assets or fund balances at beginning of year$18,053,894$24,271,593$25,434,551$24,907,347
Other changes in net assets or fund balances$46,133$57,908$10,843$37,283
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$10,853,067$10,031,375$656,468$165,224
Grants paid from donor advised funds$0
Other grants and allocations$60,000
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$653,880$418,327$130,776$104,777
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,472,286$1,373,076$99,210$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$691,687$682,447$9,240$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$28,000$0$28,000$0
Legal fees$333,708$333,708$0$0
Supplies$79,681$58,596$21,085$0
Telephone$39,531$28,225$11,306$0
Postage and shipping$46,513$41,584$4,929$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$173,505$168,508$4,997$0
Travel$414,710$391,424$23,286$0
Conferences, conventions, and meetings$1,124,662$1,112,227$12,435$0
Interest$5,509$0$5,509$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$5,729,395$5,363,253$305,695$60,447
Balance Sheets
2004200520062007
Total assets$24,444,094$25,950,267$25,685,384$23,248,147
Cash - non-interest-bearing$395$395$0$0
Savings and temporary cash investments$0$0$0$0
Accounts receivable less allowance for doubtful accounts$1,604,213$2,721,178$3,260,256$1,005,872
Pledges receivable less allowance for doubtful accounts$5,682,002$2,997,825$1,823,553$758,388
Grants receivable$0$23,600$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$12,110,734$18,137,127$16,564,303$18,579,856
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$13,801$12,325$21,929$30,691
Investments - publicly-traded securities$4,015,343$2,873,340
Investments - other securities$5,032,949$2,057,817$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$0$0$0$0
Total liabilities$172,501$515,716$778,037$2,413,426
Accounts payable and accrued expenses$0$335,953$280,669$2,097,817
Grants payable$0$0$0$0
Deferred revenue$172,501$179,763$497,368$315,609
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$24,444,094$25,950,267$25,685,384$23,248,147
Total net assets or fund balances$24,271,593$25,434,551$24,907,347$20,834,721
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2004200520062007
Total revenue$0$7,388,291$7,850,677$6,743,158
Total revenue, gains, and other support per audited financial statements$0$6,402,201$5,553,406$5,855,784
Other expenses$0$360,817$10,843$37,284
Net unrealized gains on investments$0$57,907$10,843$0
Donated services and use of facilities$0$302,910$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$37,284
Other revenue$0$1,346,907$2,308,114$924,658
Investment expenses$0$0$0$0
Other$0$1,346,907$2,308,114$924,658
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2004200520062007
Total expenses$0$6,283,241$8,388,724$10,853,067
Total expenses and losses per audited financial statements$0$6,333,282$8,241,440$10,451,558
Other revenue$0$302,910$0$0
Donated services and use of facilities$0$302,910$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$252,869$147,284$401,509
Investment expenses$0$0$0$0
Other$0$252,869$147,284$401,509
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$512,657$11,232$0
40$125,238$4,753$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings73
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,439,201$1,457,628
Program service revenue
Program service revenue 1000000$000$0$1,020,238
Program service revenue 2000000$000$0$212,019
Program service revenue 3000000$000$0$3,371
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$88,440$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-26,792$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,377,553$222,000
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$79,120$3,544$0
$72,809$5,677$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
2003200420052006
Total$9,512,081$17,479,390$12,130,741$8,557,687
Gifts, grants, and contributions received$8,242,053$16,121,602$10,092,200$5,841,848
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$1,247,439$1,081,699$1,050,203$1,288,663
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$22,589$276,089$988,338$1,427,176
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1National Chamber Foundation1615 H St Nw, Washington, DC 20062-0001DC1967-09$6,821,103
2Tc4 Tr, Michael O Hartz Ttee5810 Kingstowne Center Dr, Alexandria, VA 22315-5732VA2009-12$42,720,078
3San Diego County Tobacco Securitization Corporation1600 Pacific Hwy, San Diego, CA 92101-2429CA2000-09$29,034,419
4Sacramento County Tobacco Securitization Corporation700 H St Ste 7650, Sacramento, CA 95814-1280CA2000-09$12,726,575
5Center For Strategic And Budgetary Assessments1667 K St Nw Ste 900, Washington, DC 20006-1659DC1995-10$6,760,821
6Native American Financial Services Association5031 Donnington Rd, Clarence, NY 14031-2418NY2013-07$2,795,654
7Taxpayers For Government Accountability150 Post St Ste 405, San Francisco, CA 94108-4716CA2012-06$2,786,067
8Republican Governors Public Policy Committee1747 Pennsylvania Ave Nw, Washington, DC 20006-4604DC2004-04$2,248,850
9Taxpayers For Common Sense651 Pennsylvania Ave Se, Washington, DC 20003-6301DC1996-07$1,729,519
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13Taxpayers Network Inc721 Cardinal Ln Ste 105, Green Bay, WI 54313-3216WI1996-10$994,213
14American Family Business InstitutePO BOX 53454, Washington, DC 20009-9454DC1999-02$423,535
15Philly Jobs Not Taxes1101 16th St Nw, Washington, DC 20036-4803DC2010-07$96,091
16Americans Against Unfair Family Taxation655 15th St Nw Ste 700, Washington, DC 20005-5701DC2001-08$0
17Coalition For A Fiscally Sound America Inc888 16th Street Nw, Washington, DC 20006DC2014-01$0
18Community Action Financial Institute1140 Connecticut Ave Nw No 1210, Washington, DC 20036DC2011-09$0
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Number of organizations performing similar types of work
Arkansas5
Arizona4
California41
Colorado5
Connecticut1
District of Columbia11
Florida9
Georgia3
Hawaii1
Illinois5
Indiana2
Kansas6
Massachusetts2
Maryland5
Maine1
Michigan4
Minnesota2
Missouri7
Mississippi1
Montana1
North Carolina7
North Dakota4
Nebraska3
New Hampshire2
New Jersey2
New Mexico4
Nevada3
New York4
Ohio6
Oklahoma4
Oregon2
Pennsylvania6
South Carolina2
South Dakota1
Tennessee3
Texas15
Utah5
Virginia11
Vermont1
Washington3
Wisconsin5
Wyoming1
International2
Total212

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