2020-07-15T09:07:24-05:00 2019-12-31 561743537 LANGDON & COMPANY LLP 223 US HIGHWAY 70 EAST SUITE 100 GARNER NC 275294051 990 2019-01-01 560340499 NORTH CAROLINA CHAMBER NORT 9198361400 701 CORPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 GARY SALAMIDO PRESIDENT/CEO 9198361400 2020-07-15 true ANTHONY T PANDISCIA P00187421 9196621001 2020-07-15 12.105.62.70 2020-07-15 09:07:24 CD P 871E0C94F70976A4E9FE63D04D026D4F1CDD97AD 871E0C94F70976A4E9FE63D04D026D4F1CDD97AD 2019 2021-04-22 16:20:28Z GARY SALAMIDO 701 CORPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 8602203 false X WWW.NCCHAMBER.COM X 1942 NC TO PROMOTE BUSINESS INTERESTS IN NORTH CAROLINA. 71 70 30 0 550613 2143280 5033629 5165238 86949 55415 14214 113961 5685405 7477894 850 0 0 3672304 2927624 0 0 2314148 2313140 5987302 5240764 -301897 2237130 4452887 6458098 3272378 2578455 1180509 3879643 X THE ORGANIZATION IS A PROACTIVE, NON-PARTISAN BUSINESS ADVOCAY ORGANIZATION. THE ORGANIZATION WORKS IN THE LEGISLATIVE, REGULATORY AND POLITICAL ARENAS TO PROACTIVELY DRIVE POSTIVIE CHANGE TO ENSURE THAT NORTH CAROLINA IS A LEADING PLACE IN THE WORLD TO DO BUSINESS. THE VISION IS TO BE A UNIFYING VOICE OF NORTH CAROLINA'S DIVERSE BUSINESS COMMUNITY. THE ORGANIZATION WANTS TO TAKE A FORWARD-LOOKING, PROACTIVE ROLE ON ISSUES THAT WILL POSITIVELY IMPACT THE STATE'S BUSINESS CLIMATE AND QUALITY OF LIFE. false false 594909 ADVOCACY - REPRESENTATION BEFORE LEGISLATIVE BODIES AS WELL AS ATTENDING HEARINGS TO UNDERSTAND PROPOSED LEGISLATION AND ADVOCATE FOR THE POLICIES THAT MOVE THE STATE FORWARD. 1582659 1361466 MEMBERSHIP SERVICES - DEVELOPING RELATIONSHIPS WITH MEMBERS TO UNDERSTAND THEIR BUSINESS CONCERNS AND COMMUNICATE RELEVANT INFORMATION INCLUDING POTENTIAL LAW CHANGES THAT AFFECT THEIR BUSINESS. 1261263 997880 EDUCATION & AWARENESS - SEMINARS REGARDING AREAS OF INTEREST AND TRENDING ISSUES HELD FOR MEMBERS AND GENERAL PUBLIC FOR PURPOSES OF EDUCATING AND INFORMING. 185506 POLITICAL PROGRAM - PROGRAM THAT ANALYZES AND SHAPES THE POLITICAL LANDSCAPE TO MAKE CHANGE POSSIBLE BY DESIGNATING JOBS CHAMPIONS & JOBS ADVOCATES IN THE GENERAL ASSEMBLY. 185506 3624337 false true true true false false false false false true false false false false 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 12 0 true 30 true false false false false true true false false false X 71 70 false false false false true true false true true false false true true true true true true true true false NC X AMY FOWLER 9197926342 701 CORPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 GARY SALAMIDO PRESIDENT/CE 30.00 7.50 X X 402733 0 45573 LEW EBERT FORMER CEO 0.00 X 444333 0 0 JAMES SIMPSON FORMER COO 0.00 X 263307 0 0 ED TROHA VP OF MEMBER 35.00 2.50 X 185494 0 46378 KATE PAYNE VP OF COMMUN 37.50 2.50 X 177000 0 39604 BETH SHORE VP OF BUSINE 37.50 2.50 X 153000 0 28267 MATTHEW CURRAN MEMBER DEVEL 37.50 2.50 X 147473 0 33288 RAYMOND STARLING GENERAL COUN 37.50 2.50 X 122956 0 14967 JAMES BANNER DIRECTOR 1.00 X 0 0 0 LOUIS BELO DIRECTOR 1.00 X 0 0 0 THOMAS BOOTHBY DIRECTOR 1.00 X 0 0 0 JOE BRANNAN DIRECTOR 1.00 X 0 0 0 LAURA BUNN DIRECTOR 1.00 X 0 0 0 TRACI BUTLER DIRECTOR 1.00 X 0 0 0 RICK CALLICUTT DIRECTOR 1.00 X 0 0 0 CHRIS CARLSON DIRECTOR 1.00 X 0 0 0 KRIS CARROLL EXECUTIVE CO 1.00 X 0 0 0 BRAIN CAVENEY DIRECTOR 1.00 X 0 0 0 BRENT CHRISTENSEN DIRECTOR 1.00 X 0 0 0 PATRICK CONWAY EXECUTIVE CO 1.00 X 0 0 0 JAMES J COOK DIRECTOR 1.00 X 0 0 0 HANS ERICKSON DIRECTOR 1.00 X 0 0 0 CAROL FLACK DIRECTOR 1.00 X 0 0 0 DAVID FOUNTAIN IMMEDIATE PA 1.00 X X 0 0 0 JASON FRANCQUE DIRECTOR 1.00 X 0 0 0 EDWARD J FRITSCH DIRECTOR 1.00 X 0 0 0 REAR ADMIRAL DONALD GINTZIG DIRECTOR 1.00 X 0 0 0 BRAD GOODWIN DIRECTOR 1.00 X 0 0 0 BRIAN GREGORY DIRECTOR 1.00 X 0 0 0 MARK GRIFFITH DIRECTOR 1.00 X 0 0 0 TODD HALL DIRECTOR 1.00 X 0 0 0 JAMES HANSEN DIRECTOR 1.00 X 0 0 0 D RUSSELL HARRIS EXECUTIVE CO 1.00 X 0 0 0 TOM HEIKS CHAIRMAN 1.00 X 0 0 0 PAULA HENDERSON EXECUTIVE CO 1.00 X 0 0 0 REGINALD B HENDERSON DIRECTOR 1.00 X 0 0 0 LILYN HESTER DIRECTOR 1.00 X 0 0 0 JAMES C WHITEHURST III DIRECTOR 1.00 X 0 0 0 JAMES H SILLS III EXECUTIVE CO 1.00 X 0 0 0 TREY H PARIS III DIRECTOR 1.00 X 0 0 0 JAY JANDRAIN DIRECTOR 1.00 X 0 0 0 BRAD JONES DIRECTOR 1.00 X 0 0 0 FRANK B HOLDING JR EXECUTIVE CO 1.00 X 0 0 0 WILLIAM A CECIL JR DIRECTOR 1.00 X 0 0 0 TODD KASPER DIRECTOR 1.00 X 0 0 0 KIMBERLY KUO DIRECTOR 1.00 X 0 0 0 CURT R LADIG DIRECTOR 1.00 X 0 0 0 STEWART T LEETH DIRECTOR 1.00 X 0 0 0 SCOTT LIBBEY DIRECTOR 1.00 X 0 0 0 STEPHEN DE MAY DIRECTOR 1.00 X 0 0 0 BOB MCCRACKEN DIRECTOR 1.00 X 0 0 0 ELIZABETH MCGEE DIRECTOR 1.00 X 0 0 0 RAY MCKEITHAN DIRECTOR 1.00 X 0 0 0 JAMEY MILLAR DIRECTOR 1.00 X 0 0 0 C HOWARD NYE FIRST VICE C 1.00 X X 0 0 0 BRIAN PEACE DIRECTOR 1.00 X 0 0 0 GERALD PETKAU EXECUTIVE CO 1.00 X 0 0 0 J ERIC PIKE EXECUTIVE CO 1.00 X 0 0 0 TREY RABON DIRECTOR 1.00 X 0 0 0 RANDALL RAMSEY DIRECTOR 1.00 X 0 0 0 MARK RECTOR DIRECTOR 1.00 X 0 0 0 CHARMAINE RIGGINS DIRECTOR 1.00 X 0 0 0 SERGI ROURA DIRECTOR 1.00 X 0 0 0 SEPIDEH SAIDI SECOND VICE 1.00 X X 0 0 0 SCOTT J SEWELL DIRECTOR 1.00 X 0 0 0 STEPHEN P SHUFORD DIRECTOR 1.00 X 0 0 0 CHRISTOPHER G SMITH EXECUTIVE CO 1.00 X 0 0 0 JULE SMITH TREASURER 1.00 X X 0 0 0 DAVID SPROSS EXECUTIVE CO 1.00 X 0 0 0 DEREK B STEED DIRECTOR 1.00 X 0 0 0 BENJAMIN TEAM DIRECTOR 1.00 X 0 0 0 PAMELA TOWNSEND DIRECTOR 1.00 X 0 0 0 LESLIE WALDEN DIRECTOR 1.00 X 0 0 0 MICHAEL WALDRUM DIRECTOR 1.00 X 0 0 0 JOHN W WARD DIRECTOR 1.00 X 0 0 0 DAVID H WEAVER EXECUTIVE CO 1.00 X 0 0 0 GREGORY A WINKLER EXECUTIVE CO 1.00 X 0 0 0 MATTHEW ZIELINSKI DIRECTOR 1.00 X 0 0 0 1896296 208077 1 true true false RESULTS COMPANY 1101 HAYNES STREET SUITE 102 RALEIGH NC 27604 COMMUNICATIONS 120000 1 48280 2095000 2143280 MEMBERSHIP DUES 900099 3803772 3803772 SPONSORSHIP INCOME 900099 997880 997880 CONFERENCE & MEETINGS 900099 363586 363586 5165238 82123 82123 517 517 1097601 1124309 -26708 -26708 -26708 MANAGEMENT FEE INCOME 900099 113000 113000 MISCELLANEOUS INVOME 900099 444 444 113444 7477894 5221614 113000 1257694 859708 397986 1320117 1069748 250369 101315 68622 32693 120475 108285 12190 128023 128023 158154 12395 145759 37468 3725 33743 10334 10334 487015 244449 242566 228143 139655 88488 55496 55496 185831 145047 40784 58906 31912 26994 147468 37319 110149 41201 28795 12406 22076 15429 6647 EVENTS EXPENSE 694054 694054 INTERCOMPANY EXPER 112000 112000 DUES & SUBSCRIPTION 62193 33692 28501 MISCELLANEOUS 12801 3479 9322 5240764 3624337 1616427 0 996832 2986313 214053 389604 83132 92946 80171 637514 595620 73254 41894 2604109 3140703 82089 125885 4452887 6458098 1338659 639137 1933719 1939318 3272378 2578455 X 1180509 3879643 1180509 3879643 4452887 6458098 X 2237130 462004 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false 5893772 690157 690157 2166905 -1476748 SCHEDULE C, PART I-A, LINE 1 THE NORTH CAOLINA CHAMBER POLITICAL PROGRAM SUPPORTS THE MISSION OF THE NORTH CAROLINA CHAMBER BY CONDUCTING POLLING, ELECTION ANALYSIS, VOTER EDUCATION, FUNDING ISSUE ADS, INDEPENDENT EXPENDITURES, AND ELECTIONEERING COMMUNICATIONS. THE NORTH CAROLINA CHAMBER POLITICAL PROGRAM DOES NOT MAKE CONTRIBUTIONS TO CANDIDATES OR TO CANDIDATES COMMITTEES. 48270 37482 10788 589244 558138 31106 41894 X 7929564 462004 -10334 451670 7477894 7477894 5230430 -10334 -10334 5240764 5240764 SCHEDULE D, PAGE 3, PART X THE NORTH CAROLINA CHAMBER ARE EXEMPT FROM INCOME TAX UNDER SECTION 501(C) (6) 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 NORTH CAROLINA CHAMBER CONTINUE TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT DECEMBER 31, 2019. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND DETERMINED THE NORTH CAROLINA CHAMBER HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2019. SCHEDULE D, PAGE 4, PART XI, LINE 2D RECLASS INVESTMENT EXPENSE -10,334 SCHEDULE D, PAGE 4, PART XII, LINE 2D RECLASS INVESTMENT EXPENSE -10,334 X X X X true true false GARY SALAMIDO PRESIDENT/CEO 310155 86362 6216 36702 8871 448306 LEW EBERT FORMER CEO 444333 444333 JAMES SIMPSON FORMER COO 263307 263307 ED TROHA VP OF MEMBERSHIP 150000 30000 5494 46378 231872 KATE PAYNE VP OF COMMUNICATIONS 147000 30000 39604 216604 BETH SHORE VP OF BUSINESS DEVEL 123000 30000 28267 181267 MATTHEW CURRAN MEMBER DEVELOPMENT 87731 59742 25070 8218 180761 SCHEDULE J, PAGE 1, PART I, LINE 1A IN ADDITION TO REGULAR COMPENSATION, COMPANY VEHICLES ARE PROVIDED TO KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES. THE ORGANIZATION HAS A WRITTEN POLICY PERMITTING PERSONAL USAGE OF THESE COMPANY VEHICLES. AT YEAR END THE VALUE OF THE PERSONAL USAGE IS DETERMINED IN ACCORDANCE WITH THE WRITTEN POLICY AND ADDED TO THE EMPLOYEE'S ANNUAL COMPENSATION. SCHEDULE J, PAGE 1, PART I, LINE 4 LEW EBERT 444,333 0 0 JAMES SIMPSON 263,307 0 0 SCHEDULE J, PART III GARY SALAMIDO IS ELIGIBLE FOR THE NONQUALIFIED PLAN. FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION IS A PROACTIVE, NON-PARTISAN BUSINESS ADVOCAY ORGANIZATION. THE ORGANIZATION WORKS IN THE LEGISLATIVE, REGULATORY AND POLITICAL ARENAS TO PROACTIVELY DRIVE POSTIVIE CHANGE TO ENSURE THAT NORTH CAROLINA IS A LEADING PLACE IN THE WORLD TO DO BUSINESS. THE VISION IS TO BE A UNIFYING VOICE OF NORTH CAROLINA'S DIVERSE BUSINESS COMMUNITY. THE ORGANIZATION WANTS TO TAKE A FORWARD-LOOKING, PROACTIVE ROLE ON ISSUES THAT WILL POSITIVELY IMPACT THE STATE'S BUSINESS CLIMATE AND QUALITY OF LIFE. FORM 990, PAGE 2, PART III, LINE 4D POLITICAL PROGRAM - PROGRAM THAT ANALYZES AND SHAPES THE POLITICAL LANDSCAPE TO MAKE CHANGE POSSIBLE BY DESIGNATING JOBS CHAMPIONS & JOBS ADVOCATES IN THE GENERAL ASSEMBLY. FORM 990, PAGE 6, PART VI, LINE 6 THERE ARE REGULAR MEMBERS AND EMERITUS MEMBERS. FORMER CHAIRS AND FORMER PRESIDENTS MAY BE GRANTED EMERITUS STATUS BY THE BOARD. UNDER SPECIAL CIRCUMSTANCES, THE BOARD MAY ALSO GRANT EMERITUS STATUS TO OTHERS. EMERITUS MEMBERS HAVE NO RIGHT TO VOTE ON ANY MATTERS AND PAY NO DUES. ALL MEMBERS OTHER THAN EMERITUS MEMBERS ARE REGULAR MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A ELECTED DIRECTORS ARE ELECTED ANNUALLY BY THE MEMBERS. IN ADDITION, THE CHAIR MAY, BUT SHALL NOT BE REQUIRED TO, APPOINT UP TO TWO (2) AT-LARGE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B THE VICE PRESIDENT OF FINANCE WILL DISTRIBUTE THE COMPLETE FORM 990 TO ALL DIRECTORS VIA A DIRECT LINK TO A SECURE PAFGE ON THE CHAMBER'S WEBSITE PRIOR TO FILING. ALL DIRECTORS HAVE THE OPPORTUNITY TO REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C IN CONJUNCTION WITH THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. EACH BOARD MEMBER IS ASKED TO COMPLETE (ANNUALLY) A CONFLICT OF INTEREST QUESTIONNAIRE. THE DOCUMENT IS DISTRIBUTED TO ALL INDIVIDUALS ATTENDING THE MEETING AND E-MAILED TO DIRECTORS UNABLE TO ATTEND. FOLLOW UP CALLS AND RETENTION OF DOCUMENTS WILL BE HANDLED BY THE EXECUTIVE ASSISTANT TO THE PRESIDENT AND CEO OF THE CHAMBER. AT THE BEGINNING OF EVERY AUDIT AND FINANCE COMMITTEE MEETING, BOARD OF DIRECTORS MEETING AND EXECUTIVE COMMITTEE MEETING, DIRECTORS ARE ASKED TO REPORT ANY CHANGES OF STATUS IN RELATION TO THEIR RESPONSES ON THE ANNUAL CONFLICT OF INTEREST SURVEY. CHANGES ARE DOCUMENTED AND RECORDED IN THE MINUTES OF THE MEETING. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PAGE 6, PART VI, LINE 15A IN CONJUNCTION WITH THE ANNUAL MEETING OF THE BOARD OF DIRECTORS, THE COMPENSATION COMMITTEE WILL EVALUATE PERFORMANCE AND RECOMMEND COMPENSATION FOR THE PRESIDENT AND CEO. THE COMPENSATION PROCESS INCLUDES THE FOLLOWING ELEMENTS: REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE, USE OF COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED INDIVIDUALS IN SIMILAR POSITIONS, AND DOCUMENTATION OF RECOMMENDATIONS BY THE COMPENSATION COMMITTEE TO THE VICE PRESIDENT OF FINANCE FOR RECORDKEEPING. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT AND CEO IS RESPONSIBLE FOR REVIEWING AND RECOMMENDING COMPENSATION FOR KEY EMPLOYEES OF THE CHAMBER. RECOMMENDATIONS WILL BE BASED ON THE USE OF COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED INDIVIDUALS IN SIMILAR POSITIONS AS WELL AS LENGTH OR SERVICE AND INDIVIDUAL PERFORMANCE. DOCUMENTATION WITH RESPECT TO DECISIONS BY THE PRESIDENT AND THE CEO, WILL BE PROVIDED TO HUMAN RESOURCES. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVALIABLE UPON REQUEST. FORM 990, PART XI, LINE 9 RECLASS INVESTMENT EXPENSE -10,334 RECLASS INVESTMENT EXPENSE 10,334 NC CHAMBER FOUNDATION 701 CORP CENTER DRIVE STE 400 RALEIGH NC 27607 561918853 NC 501C3 12A NC CHAMBER true NC CHAMBER LEGAL INSTITUTE 701 CORP CENTER DRIVE STE 400 RALEIGH NC 27607 474901025 NC 501C6 NC CHAMBER true NC CHAMBER INDEPENDENT EXPENDITURES 701 CORP CENTER DRIVE STE 400 RALEIGH NC 27607 453806669 NC 527 NC CHAMBER true NC CHAMBER PAC 701 CORP CENTER DRIVE STE 400 RALEIGH NC 27607 271128346 NC 527 NC CHAMBER true NC CHAMBER SERVICES 701 CORP CENTER DRIVE STE 400 RALEIGH NC 27607 272419422 SERVICES NC N/A C CORP -2124 1377 1.00000 true false false false true true false false false false true false true false false false false true false false NORTH CAROLINA CHAMBER LEGAL INST E 12734 BOOK VALUE NORTH CAROLINA CHAMBER PAC E 2500 BOOK VALUE NORTH CHAMBER CHAMBER FOUNDATION D 104864 BOOK VALUE NORTH CAROLINA CHAMBER SERVICES D 25829 BOOK VALUE NORTH CAROLINA CHAMBER FOUNDATION N 18000 BOOK VALUE NORTH CAROLINA CHAMBER FOUNDATION O 231114 BOOK VALUE