2022-11-02T08:54:21-05:00 2021-12-31 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2021-01-01 580145520 METRO ATLANTA CHAMBER OF COMMERCE INC % DENISE MARTIN METR 4045861926 191 Peachtree ST NE ste 3400 ATLANTA GA 30303 DOUGLAS T RAY CFO 4045868436 2022-11-02 true DOUGLAS T RAY 999009999 Sandra L Feinsmith P01064157 4046886841 2022-10-29 2 2021 2022-09-23 18:48:47Z ANNA KIRKPATRICK 191 Peachtree ST NE atlanta GA 30303 14011506 false X www.metroatlantachamber.com X 1911 GA UPGRADE & ADVANCE THE ATLANTA METRO AREA IN POPULATION, COMMERCE & FINANCE; EFFECT CIVIC & SOCIAL IMPROVEMENTS; BETTER QUALITY OF LIFE IN THE COMMUNITY;&PROMOTE INTEGRITY IN BUSINESS 203 202 69 0 0 0 5198925 3959992 8787396 9304355 234861 306885 442827 440274 14664009 14011506 0 0 0 0 8209500 8029075 0 0 0 4305077 4878065 12514577 12907140 2149432 1104366 17465628 19028351 4218761 4039476 13246867 14988875 X THE CORPORATION IS A VOLUNTARY ASSOCIATION OF INDIVIDUALS AND ORGANIZATIONS THE PURPOSES OF WHICH ARE TO UPGRADE AND ADVANCE THE ATLANTA METROPOLITAN AREA IN POPULATION, COMMERCE AND FINANCE; TO EFFECT CIVIC AND SOCIAL IMPROVEMENTS; TO BETTER THE QUALITY OF LIFE IN THE COMMUNITY; AND TO PROMOTE INTEGRITY AND GOOD FAITH AND JUST AND EQUITABLE PRINCIPLES IN BUSINESS. false false OVERVIEW IN 2021, THE METRO ATLANTA CHAMBER CONTINUED TO EXCEL AS THE REGION'S CONVENER AMONG ATLANTA'S THRIVING BUSINESS COMMUNITY. AMID THE CONTINUED CHALLENGES OF PUBLIC HEALTH, RACIAL EQUITY AND ECONOMIC RECOVERY, MAC PROUDLY EXECUTED EFFORTS THAT STRENGTHENED UNDERREPRESENTED COMMUNITIES, FORTIFIED OUR REGION AS THE CHOICE FOR COMPANIES TO HAVE NEW OR EXPANDED OPERATIONS AND DOUBLED DOWN ON OUR STRATEGIC BUSINESS PILLARS (GROW, ADVOCATE AND PROMOTE). WITH OUR DEEP HISTORY IN BEING LEADERS IN THE REGION, WE: . OBSERVED SEVERAL EMERGING STARTUPS DEVELOP INTO TOMORROW'S UNICORNS . SPEARHEADED GROWTH IN LEADING INDUSTRIES SUCH AS SUPPLY CHAIN, SMART CITIES, IOT, BIOSCIENCE, GLOBAL COMMERCE, TECHNOLOGY AND ENTERTAINMENT TO NAME A FEW . PROTECTED GEORGIA'S STATUS AS THE NO. 1 STATE TO DO BUSINESS - FOR THE EIGHTH CONSECUTIVE YEAR . MERCHANDISED OUR REGION'S UNIQUE CULTURE AND MET THE COMPETITIVE CANDIDATE MARKET HEAD-ON . PRIORITIZED THE IMPERATIVE OF DIVERSITY, EQUITY AND INCLUSION . AND ULTIMATELY LEVERAGED THE COLLECTIVE POWER OF OUR BUSINESS COMMUNITY TO MAKE IMPACT. DETAILED RESULTS GROW: COLLABORATING WITH REGIONAL PARTNERS TO DRIVE ECONOMIC IMPACT, JOB CREATION AND CONTINUED ECOSYSTEM EXPANSION . EXECUTED THE RACIAL EQUITY INCLUSIVE ECONOMIC DEVELOPMENT STRATEGY AND TACTICS, FOCUSED ON SUPPLIER DIVERSITY. . REMAINED AS THE TOP REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION IN PROJECT GENERATION AND PROJECT MANAGEMENT FOR RECRUITING GLOBALLY RECOGNIZED COMPANIES, WHICH RESULTED IN LANDING 13,484 (128% YOY) NEW HIGH-SKILLED JOBS AND MILLIONS IN CAPITAL INVESTMENT. . IMPLEMENTED THE TARGETED BUSINESS STRATEGY (TBS) BY TARGETING AND CONNECTING WITH BUSINESSES IN HIGH-COST MARKETS, E.G., NEW YORK AND SAN FRANCISCO, TO PROMOTE ATLANTA AS A PLACE TO DO BUSINESS. . LAUNCHED THE STARTUP OUTREACH STRATEGY (SOS) WORKING WITH 11 ORGANIZATIONS, E.G., TECHSTARS, ENGAGE, ETC., TO PROVIDE MISSION-CRITICAL CONNECTIONS AND DELIVER VALUABLE SERVICES AND RESOURCES TO HELP THEM RAPIDLY EXPAND. . ESTABLISHED THE ECONOMIC DEVELOPMENT EXECUTIVE ADVISORY COMMITTEE (EAC) OF 14 TRUSTED ECONOMIC DEVELOPERS FROM AROUND THE REGION TO HELP ENGAGE OUR PARTNERS TO SHAPE AND SUPPORT OUR ECONOMIC DEVELOPMENT STRATEGY. . LAUNCHED THE ATLANTA SMART CITIES ALLIANCE, RECRUITING 30 KEY INFLUENCERS TO JOIN THE COALITION OF CIVIC, EDUCATIONAL, AND BUSINESS THOUGHT LEADERS TO HELP STRENGTHEN THE REGION'S ECONOMIC GROWTH. . PARTNERED WITH MICROSOFT AND MAC PUBLIC POLICY/WORKFORCE TEAM TO LAUNCH AND IMPLEMENT ACCELERATE ATLANTA, A PROGRAM DESIGNED TO BRIDGE THE DIGITAL DIVIDE, CLOSE THE DIGITAL SKILLS GAP AND BUILD A MORE INCLUSIVE WORKFORCE. . LED THE FIFTH YEAR OF ATLANTA METRO EXPORT CHALLENGE (MEC), THE LARGEST REGIONAL ECONOMIC DEVELOPMENT FUNDING INITIATIVE, AS A CATALYST FOR SME GROWTH AND COLLABORATION OF REGIONAL AND INTERNATIONAL PARTNERS. . LED THE RESTORE ATL GRANT PROGRAM TO RAISE AWARENESS AND ADDRESS THE PANDEMIC'S DISPROPORTIONATE ECONOMIC FALLOUT FOR BLACK-OWNED BUSINESSES, PROVIDING $180,000 TO 19 COMPANIES. . GENERATED $77,560, A 35.5% INCREASE YOY, BY PROCESSING EXPORT CERTIFICATES FOR REGIONAL EXPORTERS AND FREIGHT FORWARDERS FOR 65 COUNTRIES. . PRODUCED AND EXECUTED OUR NEW MAC ECONOMIC DEVELOPMENT AFTERCARE PROGRAM OFFERING VIRTUAL WORLDWIDE LIVE BROADCASTS TO MAJOR LANDED PROJECTS INCLUDED: MICROSOFT, GOOGLE, AND HAPAG LLOYD. . EXPANDED BACKED BY ATL WITH THE LARGEST AND MOST DIVERSE GROUP OF COMPANIES IN TERMS OF TALENT, LOCATION, AND INDUSTRY IN COHORT 4. . DEVELOPED THE INCLUSIVE ECONOMIC DEVELOPMENT PLAYBOOK TO GUIDE OUR COMPANIES ON HOW THEY CAN SUPPORT BLACK-OWNED BUSINESSES THROUGH ACCESS TO CAPITAL, CUSTOMERS AND NETWORKS. . SHAPED AN INNOVATION NARRATIVE TO HELP PROMOTE OUR INNOVATION ECONOMY THROUGH A VARIETY OF CHANNELS. . AMPLIFIED OUR INNOVATION NARRATIVE THROUGH A VARIETY OF LOCAL AND NATIONAL MEDIA PLATFORMS. . LAUNCHED THE LARGEST ACTIVATION OF ATLANTA INNOVATION WEEK ON SOCIAL MEDIA IN PARTNERSHIP WITH THE BROADER INNOVATION COMMUNITY. . CREATED AND PRODUCED THE ATLANTA INNOVATION STUDIO PRESENTED BY MAILCHIMP TO TELL THE STORIES OF OUR INNOVATORS AND THEIR COMPANIES WITH EVERGREEN CONTENT. . PARTNERED WITH GEORGIA TECH TO SUPPORT THE INCLUSIVE ENTREPRENEURSHIP SUMMIT. . CONVENED THE INNOVATION & ENTREPRENEURSHIP ADVISORY BOARD TO FOCUS SENIOR LEADERS FROM CORPORATE, ENTREPRENEURSHIP, HIGHER EDUCATION AND CREATIVE ON KEY ISSUES IN OUR INNOVATION ECONOMY. . CONNECTED OUR STARTUP SUPPORT ORGANIZATIONS AND OUR CORPORATE INNOVATION CENTERS THROUGH THE ATLANTA INNOVATION ALLIANCE AND THE CORPORATE INNOVATION COUNCIL. . LED THE METRO ATLANTA ECONOMIC RESEARCH COUNCIL. . HOSTED A VIRTUAL CONVENING OF AREA RESEARCHERS IN JUNE, SEPTEMBER AND DECEMBER WITH RECORD ATTENDANCE IN JUNE -- THE HIGHEST PARTICIPATION RATE OF THE LAST EIGHT YEARS. . ORGANIZED AND MODERATED AN ECONOMIC DEVELOPMENT PANEL "THE STATE OF COMMERCIAL REAL ESTATE IN METRO ATLANTA." . IDENTIFIED AND ANALYZED NEW METRICS RELATED TO THE BLACK POPULATION IN METRO ATLANTA, SUCH AS BLACK-OWNED BUSINESS INDICATORS, DEMOGRAPHIC MAKEUP OF MANAGEMENT OCCUPATIONS AND BLACK EDUCATION DATA. . ALIGNED WITH NEW MAC INITIATIVES TO COMMIT TO BUILD RACIAL EQUITY, DIVERSITY AND INCLUSION INTO RESEARCH FRAMEWORK AND CAPABILITIES. . CREATED NEW MONTHLY NEWSLETTER HIGHLIGHTING THE LATEST DATA AND ECONOMIC NEWS RELEVANT TO ATLANTA REGION AND GEORGIA. . HOSTED VIRTUAL SESSIONS UPDATING NEARLY 100 INVESTORS ON REGIONAL ECONOMIC CONDITIONS AND TRENDS. ADVOCATE: WORKING TO MAINTAIN A BUSINESS-FRIENDLY CLIMATE FOR ALL PEOPLE . EXECUTED MAC'S PUBLIC POLICY AGENDA: PROMOTE PRO-BUSINESS LEGISLATION, OPPOSE DISCRIMINATORY LEGISLATION AND PROTECT GEORGIA'S REPUTATION AS THE #1 STATE IN WHICH TO DO BUSINESS. . PASSED TAXPAYER FAIRNESS LEGISLATION. . PASSED REFRESH LEGISLATIVE PACKAGE. . SECURED ADDITIONAL STATE SUPPORT FOR CHILDCARE AND PARENT SERVICES (CAPS). . SECURED ADDITIONAL FUNDING FOR COMPUTER SCIENCE TEACHER CERTIFICATION. . PASSED PROBATION REFORM TO REDUCE BARRIERS FOR RETURNING CITIZENS. . ADVANCED ONLINE SPORTS BETTING. . DEFEATED ADVERSE CHANGES TO ECONOMIC DEVELOPMENT INCENTIVES AND TAX CREDITS. . RENEWED COVID-19 SAFE HARBOR LAW. . PASSED BENEFICIAL CHANGES TO IMPROVE GEORGIA'S LEGAL CLIMATE (CIVIL AND CRIMINAL). . EXECUTED COMMITTEE FOR A BETTER ATLANTA 2021, RANKING CANDIDATES FOR CITY OF ATLANTA OFFICES. . SUPPORTED CHOOSE ATL AFTER 5. . MITIGATED HARMFUL EFFECTS OF VOTING RIGHTS LEGISLATION. . SECURED FULL FUNDING FOR THE METRO NORTH GEORGIA WATER PLANNING DISTRICT. . HELD MULTIPLE OPPORTUNITY ATL HIRING EVENTS AND EMPLOYER WEBINARS. . REPEALED GEORGIA'S CITIZENS ARREST LAW. . ENGAGED IN A BIPARTISAN FASHION WITH US SENATORS, STATE LEADERS AND CONGRESSIONAL DELEGATION. . INFORMED BOARD TO COUNTER BUCKHEAD CITYHOOD MOVEMENT. . DEVELOPED AND EXECUTED STRATEGIES TO IMPROVE PUBLIC SAFETY. PROMOTE: TELLING ATLANTA'S REMARKABLE STORY TO THE WORLD . HEADING UP THE CONTINUED EFFORT TO CONFIRM ATLANTA'S POSITION A HOST CITY FOR THE 2026 FIFA WORLD CUP (EXPECTED TO BE ANNOUNCED BY FIFA IN 1Q, 2022). . BEGAN BID PROCESS FOR ATLANTA TO BE SELECTED AS HOST OF THE 2026 FIFA WORLD CUP INTERNATIONAL BROADCAST CENTER (FINALIZED AND ANNOUNCED IN MID-LATE 2022). . POSITIONED ATLANTA AS A CANDIDATE HOST CITY FOR THE 2031 RUGBY WORLD CUP (OFFICIAL NATIONAL BID TO TAKE PLACE IN 2022). . BEGAN OFFICIAL BID PROCESS FOR THE NEXT NCAA MEN'S FINAL FOUR (2027-2031); BID TO BE FINALIZED 3Q, 2022 WITH HOST CITIES NAMED IN 4Q, 2022. . ASSISTED BRAVES AND OTHER REGIONAL PARTNERS IN PLANNING PROCESS FOR 2021 MAJOR LEAGUE BASEBALL ALL-STAR GAME (JAN - MAR; EVENT MOVED OUT OF ATLANTA IN EARLY APRIL). . CONTINUING WORK WITH MAC PUBLIC POLICY ON SECURING AN ANNUAL STATE-BASED SPORTS FUNDING MECHANISM FOR FUTURE SPORTING EVENTS. . ASSISTING MAC PUBLIC POLICY TO SECURE AN EXTENSION OF THE EXISTING SALES TAX EXEMPTION ON SPORTING EVENTS TICKETS (CURRENTLY SUNSETS AT END OF 2022). . EXECUTED SUCCESSFUL AND PROFITABLE 16TH ANNUAL ATLANTA SPORTS AWARDS IN PARTNERSHIP WITH WXIA-TV / 11 ALIVE. . SUBMITTED TO NFL, ALONG WITH THE ATLANTA FALCONS, AN INTENT TO BID DOCUMENT FOR THE 2028 SUPER BOWL (STANDARD NFL PROCESS). . LAUNCHED ATL ACTION FOR RACIAL EQUITY, INCLUDING STRATEGIC COMMUNICATIONS PLANNING INCLUSIVE OF MESSAGE DEVELOPMENT, SOCIAL STRATEGY, EARNED MEDIA STORYTELLING AND WEBSITE LAUNCH. TO DATE, OVER 250 COMPANIES HAVE SIGNED ON TO THIS WORK. . ADVANCED METRO ATLANTA'S REPUTATION AS A TOP-TIER GLOBAL REGION FOR INNOVATION AND INCLUSION, SECURING 130+ MENTIONS/FEATURE STORIES IN PRIORITY REGIONAL AND NATIONAL MEDIA. . EXPANDED ATL INNOVATION WEEK WITH REFRESHED BRANDING AND THE ADDITION OF A DIGITAL INNOVATION STUDIO, IN COLLABORATION WITH I&E. . DIRECTED STRATEGIC COMMUNICATIONS (DIGITAL AND EARNED MEDIA STRATEGY) FOR 2021 BACKED BY ATL COHORT ANNOUNCEMENT. . DIRECTED STRATEGIC COMMUNICATIONS, INCLUDING STORY FRAMING, MESSAGE DEVELOPMENT, SOCIAL MEDIA STRATEGY AND EARNED MEDIA ENGAGEMENT, FOR THE FOLLOWING MAC STORYTELLIN false true false true false false false false false true false false true 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 true true true false true 52 0 true 69 true false false false false true true false false false X 203 202 false false false false false false false true true false false false true true true false true true true false GA X DENISE MARTIN 4045861926 191 PEACHTREE ST NE atlanta GA 30303 X Anna Kirkpatrick PRESIDENT & CEO 40.0 10.0 X X 493227 0 48840 Janice Rys Chief Development Officer 40.0 0.0 X 354929 0 48823 David Hartnett Chief Economic Devlpmt Officer 40.0 0.0 X 350381 0 50681 Douglas T Ray Chief Financial Officer 40.0 0.0 X 321603 0 38758 Dan Corso President ATL Sports Council 40.0 0.0 X 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REVENUE 900099 36774 36774 440274 14011506 9744629 306885 0 0 0 0 902428 0 5849547 218266 673469 385365 0 173 106762 1029203 0 0 0 32264 48791 11500 0 1251112 68245 0 0 0 0 603900 0 PROGRAM & FA EXPENSE 1457297 OTHER EXPENSES 268818 12907140 0 0 2703148 2882589 0 0 41262 109487 0 0 0 0 0 0 0 0 78373 194773 7668328 3871478 4205063 3796850 8850996 10795524 0 0 0 0 0 0 1586786 1249128 17465628 19028351 1509977 1705878 0 0 829744 562704 0 0 0 0 0 0 0 0 0 0 1879040 1770894 4218761 4039476 X 7558491 8004519 5688376 6984356 13246867 14988875 17465628 19028351 1104366 637642 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false true 8504799 1029203 -337087 692116 595336 96780 4085203 1486167 2599036 1190495 735307 455188 2392630 1650004 742626 3796850 INTERCOMPANY RECEIVABLE 1246973 RELATED PARTY RECEIVABLES 2155 1249128 0 DEFERRED RENT AND LEASE INCENTIVES 1770894 1770894 X PART X LINE 2: ASC 740-10 (FORMERLY KNOWN AS FIN 48) THE COMPANIES ACCOUNT FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND SETS A CONSISTENT FRAMEWORK FOR PREPARERS TO USE TO DETERMINE THE APPROPRIATE LEVEL OF TAX RESERVE TO MAINTAIN FOR UNCERTAIN TAX POSITIONS. IN ACCORDANCE WITH ASC TOPIC 740, THE COMPANIES' POLICY FOR RECORDING INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS, IF ASSESSED, IS TO RECORD SUCH ITEMS IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. THE COMPANIES HAVE NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, FOR WHICH A LIABILITY RESERVE IS REQUIRED. THE COMPANIES BELIEVE THAT THEY ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS ENDED DECEMBER 31, 2017 AND PRIOR. X X X false false false Anna Kirkpatrick PRESIDENT & CEO 374975 0 106252 0 12000 0 11600 0 37240 0 542067 0 0 0 Douglas T Ray Chief Financial Officer 252914 0 59089 0 9600 0 11600 0 27158 0 360361 0 0 0 David Hartnett Chief Economic Devlpmt Officer 276172 0 64609 0 9600 0 11600 0 39081 0 401062 0 0 0 Janice Rys Chief Development Officer 272996 0 72333 0 9600 0 11600 0 37223 0 403752 0 0 0 Dan Corso President ATL Sports Council 262645 0 59850 0 9600 0 11600 0 3859 0 347554 0 0 0 MARSHALL GUEST SVP PUBLIC POLICY 242191 0 53731 0 9600 0 11600 0 3560 0 320682 0 0 0 ALEX GONZALEZ CHIEF INNOVATION OFFICER 234977 0 54075 0 9600 0 11600 0 3577 0 313829 0 0 0 POLICIES-REVIEW OF FORM 990 POLICIES-REVIEW OF FORM 990 FORM 990, PART VI, SECTION B POLICIES, QUESTION 11: THE FORM 990 WAS PREPARED BY A PUBLIC ACCOUNTING FIRM WITH INPUT FROM THE CHAMBER'S ACCOUNTING STAFF. A DRAFT COPY WAS REVIEWED BY KEY ACCOUNTING STAFF AND THE CFO. EACH PERSON INDIVIDUALLY REVIEWED THE FORM AND CHANGES WERE SUBMITTED TO THE TAX PREPARER. THE FINAL RETURN WAS REVIEWED AND APPROVED BY THE CFO. THE FINAL FILED FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND IS ALSO AVAILABLE ON ANOTHER WEBSITE CALLED GUIDESTAR. POLICIES-CONFLICT OF INTEREST FORM 990, PART VI, SECTION B POLICIES, QUESTIONS 12A, B AND C: THE CONFLICT-OF-INTEREST POLICY, ITS PURPOSE, DEFINITIONS OF AND PROCEDURES FOR DISCLOSURE ARE ADDRESSED AND REVIEWED AT THE CHAMBER'S INITIAL BOARD MEETING OF THE YEAR. ALL BOARD MEMBERS ARE INFORMED OF THE DUTIES AND PROCEDURES FOR DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTERESTS. POLICIES-COMPENSATION OF THE CEO FORM 990, PART VI SECTION B POLICIES, QUESTION 15A: PER THE BYLAWS, THE CEO'S COMPENSATION IS REVIEWED AND DETERMINED BY THE COMPENSATION COMMITTEE AND ITS RECOMMENDATION IS FORWARDED TO THE EXECUTIVE COMMITTEE FOR FINAL APPROVAL. POLICIES-COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES FORM 990, PART VI, SECTION B POLICIES, QUESTION 15B: THE CHAMBER HAS A COMPENSATION COMMITTEE THAT REVIEWS AND APPROVES EMPLOYEE COMPENSATION. THE COMPENSATION COMMITTEE USES COMPENSATION SURVEYS AND OTHER INDEPENDENT DATA TO SET COMPETITIVE COMPENSATION LEVELS. THE COMPENSATION COMMITTEE MEETS ANNUALLY TO COMPLETE THIS REVIEW AND REPORTS TO THE EXECUTIVE BOARD. DISCLOSURE FORM 990, PART VI SECTION C, QUESTION 19: IF THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE SUBJECT TO APPLICABLE FEDERAL OR STATE PUBLIC DISCLOSURE REQUIREMENTS, THOSE DOCUMENTS WILL BE MADE AVAILABLE AS APPLICABLE LAW MAY REQUIRE. OTHERWISE, THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WILL BE PROVIDED TO THE PUBLIC AT THE DISCRETION OF THE ORGANIZATION'S MANAGEMENT. 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