2025-11-13T12:52:40-06:00 2024-12-31 561965804 THOMAS JUDY & TUCKER PA 4700 FALLS OF NEUSE ROAD STE 400 RALEIGH NC 27609 990 2024-01-01 560340499 NORTH CAROLINA CHAMBER NORT 9198361403 701 CORPORATE CENTER DR SUITE 275 RALEIGH NC 27607 GARY J SALAMIDO PRESIDENT AND CEO 9198361403 2025-11-13 1 0 MICHAEL A SHUSKO CPA P01314870 9195717055 2025-11-13 2024 2025-03-06 01:10:19Z GARY J SALAMIDO 701 CORPORATE CENTER DR SUITE 275 RALEIGH NC 27607 7108405 0 X HTTPS://NCCHAMBER.COM/ X 1942 NC ESTABLISH AND MAINTAIN NORTH CAROLINA AS A NATIONAL LEADER FOR PRIVATE SECTOR JOB GROWTH, MAKING NORTH CAROLINA A TOP STATE IN WHICH TO WORK AND LIVE. TO RESEARCH, DEVELOP, ADVOCATE, AND COMMUNICATE FOR SOLUTIONS AND POLICIES THAT PRODUCE A NATIONALLY COMPETITIVE BUSINESS CLIMATE IN NORTH CAROLINA. 44 43 43 43 0 0 900846 1389363 5401069 5537642 78831 136894 -25242 20230 6355504 7084129 0 13500 0 0 3189686 3840803 0 0 0 2658987 3936628 5848673 7790931 506831 -706802 7812957 7085816 4668102 2560921 3144855 4524895 X THE ORGANIZATION IS A PROACTIVE, NONPARTISAN BUSINESS ADVOCACY ORGANIZATION. THE ORGANIZATION WORKS IN THE LEGISLATIVE, REGULATORY AND POLITICAL ARENAS TO PROACTIVELY DRIVE POSITIVE 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 FORWARDLOOKING, PROACTIVE ROLE ON ISSUES THAT WILL POSITIVELY IMPACT THE STATE'S BUSINESS CLIMATE AND QUALITY OF LIFE. 0 0 2269448 13500 POLITICAL PROGRAM- PROGRAM THAT ANALYZES AND SHAPES THE POLITICAL LANDSCAPE TO MAKE CHANGE POSSIBLE BY DESIGNATING JOBS CHAMPIONS & JOBS ADVOCATES IN THE GENERAL ASSEMBLY. 1507467 ADVOCACY- REPRESENTATION BEFORE LEGISLATIVE BODIES AS WELL AS ATTENDING HEARINGS TO UNDERSTAND PROPOSED LEGISLATION AND ADVOCATE FOR THE POLICIES THAT MOVE THE STATE FORWARD. 1082695 MEMBERSHIP SERVICES- DEVELOPING RELATIONSHIPS WITH MEMBERS TO UNDERSTAND THEIR BUSINESS CONCERNS AND COMMUNICATE RELEVANT INFORMATION INCLUDING POTENTIAL LAW CHANGES THAT AFFECT THEIR BUSINESS. 959180 EDUCATION & AWARENESS- SEMINARS REGARDING AREAS OF INTEREST AND TRENDING ISSUES HELD FOR MEMBERS AND GENERAL PUBLIC FOR PURPOSES OF EDUCATING AND INFORMING. 959180 5818790 0 1 0 1 0 0 0 0 0 1 0 0 1 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 1 1 1 0 1 63 0 43 1 0 0 0 0 1 1 0 0 0 0 0 X 44 43 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X TONIA OSTANEK 9198361409 701 CORPORATE CENTER DRIVE SUITE RALEIGH NC 27607 GARY SALAMIDO PRESIDENT AND CEO 34.50 3.00 X X 448754 0 23346 JENNIFER ALLEN MEMBER 1.00 X 0 0 0 ED FRITSCH MEMBER 1.00 X 0 0 0 CALVIN CROSSLIN MEMBER 1.00 X 0 0 0 JAMES BANNER MEMBER 1.00 X 0 0 0 DONALD GINTZIG MEMBER 1.00 X 0 0 0 CURT LADIG MEMBER 1.00 X 0 0 0 CHAD EATON MEMBER 1.00 X 0 0 0 DEREK STEED CHAIR 1.00 X 0 0 0 DON HORTON MEMBER 1.00 X 0 0 0 TUNDE SOTUNDE EXECUTIVE COMMITEE 1.00 X 0 0 0 JOHN WARD MEMBER 1.00 X 0 0 0 BRIAN HEALY MEMBER 1.00 X 0 0 0 COLLIS JONES MEMBER 1.00 X 0 0 0 JIM HANSEN EXECUTIVE COMMITEE 1.00 X 0 0 0 CHRIS SMITH EXECUTIVE COMMITTEE 1.00 X 0 0 0 BRIAN GREGORY MEMBER 1.00 X 0 0 0 TREY RABON MEMBER 1.00 X 0 0 0 TYLER BURR MEMBER 1.00 X 0 0 0 JENNIFER RICHMOND MEMBER 1.00 X 0 0 0 TODD HALL MEMBER 1.00 X 0 0 0 CHARMAINE RIGGINS EXECUTIVE COMMITTEE 1.00 X 0 0 0 LAURA BUNN DIRECTOR 1.00 X X 0 0 0 JAY JANDRAIN MEMBER 1.00 X 0 0 0 RANDALL RAMSAY MEMBER 1.00 X 0 0 0 BRAD JONES MEMBER 1.00 X 0 0 0 JOSEPH BRANNAN EXECUTIVE COMMITEE 1.00 X 0 0 0 SEPIDEH SAIDI PAST CHAIR 1.00 X 0 0 0 KENDAL BOWMAN EXECUTIVE COMMITEE 1.00 X 0 0 0 BRENT CHRISTENSEN MEMBER 1.00 X 0 0 0 JAMES SILLS EXECUTIVE COMMITEE 1.00 X 0 0 0 BRANDI LANGFORD MEMBER 1.00 X 0 0 0 REGINALD HENDERSON MEMBER 1.00 X 0 0 0 LILYN HESTER MEMBER 1.00 X 0 0 0 LEE FITE MEMBER 1.00 X 0 0 0 RUSTY HARRIS EXECUTIVE COMMITEE 1.00 X 0 0 0 BILL CECIL MEMBER 1.00 X 0 0 0 SHAWN HARDING MEMBER 1.00 X 0 0 0 STEWART LEETH MEMBER 1.00 X 0 0 0 MICHAEL WALDRUM MEMBER 1.00 X 0 0 0 JAMES HANSEN EXECUTIVE COMMITTEE 1.00 X X 0 0 0 JULE SMITH OFFICER 1.00 X X 0 0 0 DEREK B STEED IMMEDIATE PAST CHAIR 1.00 1.00 X X 0 0 0 JANEL POUGH SECRETARY 1.00 X X 0 0 0 RAY STARLING GENERAL COUNCIL/PRESIDENT, NC CHAMBER LEGAL INSTIT 30.00 7.50 X 339229 0 22484 MEREDITH ARCHIE SENIOR VP OF EXTERNAL AFFAIRS/PRESIDENT FOUNDATION 36.50 1.00 X 206632 0 17552 JAKE CASHION VICE PRESIDENT OF GOVERNMENT AFFAIRS 35.00 X 196252 0 18573 BETH SHORE VICE PRESIDENT OF MEMBER ENGAGMENT 37.50 X 186632 0 7813 KATE PAYNE VICE PRESIDENT OF COMMUNICATIONS 36.50 1.00 X 165162 0 17437 JAKE SIPE DIRECTOR OF MEMBER RELATIONS 37.50 X 143893 0 15868 EMILIA BOYETTE ASSOCIATE VICE PRESIDENT OF EXTERNAL AFFAIRS 35.00 X 129544 0 6813 DEBRA DERR DIRECTOR OF GOVERNMENT AFFAIRS 37.50 X 124633 0 15380 VINCENT GINSKI DIRECTOR OF WORKFORCE COMPETITIVENESS 37.50 X 120183 0 10215 MARK COGGINS SENIOR DIRECTOR OF GOVERNMENT AFFAIRS 35.00 X 110720 0 14975 2171634 0 170456 11 0 1 0 HIGHWOODS REALTY LIMITED PARTNERSHIP PO BOX 409412 ATLANTA GA 30384 PROPERTY MANAGEMENT 469495 1 1389363 1389363 MEMBERSHIP DUES 900099 3967830 3967830 SPONSORHIP INCOME 900099 1333433 1333433 CONFERENCES & MEETINGS 900099 236379 236379 5537642 161170 161170 18000 0 18000 18000 18000 24276 -24276 -24276 -24276 MISCELLANEOUS 900099 2230 2230 2230 7084129 5539872 0 154894 X 13500 1649866 1773358 56287 151700 209592 51713 65117 11901 1315928 313073 174143 450542 45554 199630 80656 19004 EVENT EXPENSES 605592 ELECTIONEERING ACTIVITI 367470 DUES AND SUBSCRIPTIONS 160003 MISCELLANEOUS 76302 7790931 774918 507008 661472 499080 364144 112560 153222 605963 357318 295621 248645 3035734 3288678 2932652 2025039 7812957 7085816 331461 684002 2081110 17200 2255531 1859719 4668102 2560921 X 3144855 4524895 3144855 4524895 7812957 7085816 -706802 215557 1871285 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 3967830 1487315 542694 2030009 952279 1077730 FORM 990, SCHEDULE C, PART IA, LINE 1 THE NORTH CAROLINA 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. 166199 67946 98253 439764 289372 150392 248645 SECURITY DEPOSIT 10425 RIGHT OF USE ASSET 1785132 DUE TO AFFILIATES 229482 2025039 LEASE LIABILITY 1859719 1859719 X 7287785 215557 215557 7072228 11901 11901 7084129 7779030 0 7779030 11901 11901 7790931 PART X, LINE 2: THE NORTH CAROLINA CHAMBER AND LEGAL INSTITUTE ARE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE BY FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE NORTH CAROLINA CHAMBER AND LEGAL INSTITUTE CONTINUE TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT DECEMBER 31, 2024. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND DETERMINED THE NORTH CAROLINA CHAMBER AND LEGAL INSTITUTE HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. 1 NC AG PARTNERSHIP INC 3700 GLENWOOD AVE SUITE 310 RALEIGH NC 27612 853122747 10000 0 VOTER EDUCATION 0 0 0 GARY SALAMIDO PRESIDENT AND CEO 448754 0 0 0 0 0 12873 0 10473 0 472100 0 0 0 RAY STARLING GENERAL COUNCIL/PRESIDENT, NC CHAMBE 339229 0 0 0 0 0 9150 0 13334 0 361713 0 0 0 MEREDITH ARCHIE SENIOR VP OF EXTERNAL AFFAIRS/PRESID 206632 0 0 0 0 0 8243 0 9309 0 224184 0 0 0 JAKE CASHION VICE PRESIDENT OF GOVERNMENT AFFAIRS 196252 0 0 0 0 0 8293 0 10280 0 214825 0 0 0 BETH SHORE VICE PRESIDENT OF MEMBER ENGAGMENT 186632 0 0 0 0 0 7641 0 172 0 194445 0 0 0 KATE PAYNE VICE PRESIDENT OF COMMUNICATIONS 165162 0 0 0 0 0 7300 0 10137 0 182599 0 0 0 JAKE SIPE DIRECTOR OF MEMBER RELATIONS 143893 0 0 0 0 0 4722 0 11146 0 159761 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS: 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, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS ELECTED DIRECTORS ARE ELECTED ANNUALLY BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PROCESS TO REVIEW FORM 990: THE FINANCE LEADER WILL DISTRIBUTE THE COMPLETE FORM 990 TO ALL DIRECTORS/MEMBERS VIA A DIRECT LINK TO A SECURE PAGE ON THE CHAMBERS WEBSITE PRIOR TO FILING. ALL DIRECTORS/MEMBERS HAVE THE OPPORTUNITY TO REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICTS POLICY: IN CONJUNCTION WITH EACH MEETING OF THE BOARD OF DIRECTORS AND COMMITTEES. EACH BOARD MEMBER IS ASKED TO DECLARE ANY CONFLICT OF INTEREST. FOLLOW UP CALLS AND RETENTION OF ANY 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 FURTHER ASKED TO DECLARE ANY CONFLICTS AND ANY FURTHER RESPONSES 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, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: IN CONJUNCTION WITH THE ANNUAL MEETING OF THE BOARD OF DIRECTORS, THE COMPENSATION COMMITTEE WILL EVALUATE PERFORMANCE AND RECOMMEND COMPENSATIONFOR 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 LEADER OF FINANCE FOR RECORDKEEPING. 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 PROFESSIONAL FEES 1,315,928. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. NORTH CAROLINA CHAMBER FOUNDATION 401 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 561918853 RESEARCH & EDUCATION NC 501(C)(3) LINE 12A, I NORTH CAROLINA CHAMBER 1 NORTH CAROLINA CHAMBER LEGAL INSTITUTE 401 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 474901025 RESEARCH, EDUCATION & JUDICIAL ADVOCACY NC 501(C)(6) NORTH CAROLINA CHAMBER 1 NORTH CAROLINA CHAMBER INDEPENDENT EXPENDITURE 401 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 453806669 SEC. 527 POLITICAL ORGANIZATION NC 527 NORTH CAROLINA CHAMBER 1 NORTH CAROLINA CHAMBER POLITICAL ACTION COMMITTEE 401 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 271128346 SEC. 527 POLITICAL ORGANIZATION NC 527 NORTH CAROLINA CHAMBER 1 NORTH CAROLINA CHAMBER SERVICES 701 CORPORATE CENTER DRIVE STE 275 RALEIGH NC 27607 272419422 SERVICES NC NORTH CAROLINA CHAMBER C 161278 76614 1.00000 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NORTH CAROLINA CHAMBER FOUNDATION D 384289 BOOK VALUE NORTH CAROLINA CHAMBER SERVICES D 376401 BOOK VALUE NORTH CAROLINA CHAMBER PAC D 38503 BOOK VALUE NORTH CAROLINA LEGAL INSTITUTE B 569711 BOOK VALUE