2018-11-10T12:34:29-06:00 2017-12-31 346565596 Ernst and Young US LLP 111 Monument Circle Ste 4000 Indianapolis IN 46204 990 2017-01-01 461561597 US Chamber of Commerce Foundation USCH 2024635590 1615 H ST NW Washington DC 20062 Stan M Harrell CFO 2024635590 2018-11-10 1 Jennifer Rhoderick P00395735 3176817000 209.3.198.20 2018-11-10 13:27:15 ES P 27533CADDEEB6F39CC7F6E047F2736AF3A5ADC8E 27533CADDEEB6F39CC7F6E047F2736AF3A5ADC8E 2017 2019-02-21 02:37:17Z Stan M Harrell 1615 H ST NW Washington DC 20062 37766001 0 X http://www.uschamberfoundation.org/ X 2012 DE The US Chamber of Commerce Foundation conducts (Please see Schedule O for the continuation) charitable and educational activities to address issues affecting our nation, our economy, and the global business environment. 7 6 57 0 -58101 -58101 21325898 27170125 1194154 1487395 649417 1755801 204380 244121 23373849 30657442 1316995 785828 0 0 5482668 6270320 0 0 613329 16722700 16428885 23522363 23485033 -148514 7172409 40262704 49970964 258276 287113 40004428 49683851 X The US Chamber of Commerce Foundation conducts charitable and educational activities to address issues affecting our nation, our economy, and the global business environment. 0 0 8557424 70000 292886 Hiring Our Heroes (HOH) is a nationwide effort to help veterans, transitioning service members, and military spouses find meaningful employment. The US Chamber of Commerce Foundation runs the program to improve public-private sector coordination in hundreds of communities across America. 4474240 310678 204509 The US Chamber of Commerce Foundation Corporate Citizenship Center is a leading resource for educating the public and sharing best practices as to how businesses can make a difference. For more than 10 years, our programs, events, research, and relationships with key NGOs and governments have educated the public on how business can improve social and environmental conditions. 3952133 83650 0 The Center for Education and Workforce, through its research, programs, and policy on education and skills training, mobilizes the business community to be more engaged partners, challenge the status quo, and connect education and workforce reforms to economic development. 2219254 0 38742 Research, public education, and meetings to drive the public policy debate on key or emerging issues affecting the business community. 1245386 0 978459 Institute for Organization Management:Institute for Organization Management is the professional educationprogram of the US Chamber of Commerce Foundation. It is the premiernonprofit professional education program for association and chamberprofessionals, fostering individual growth through interactive learningand networking opportunities. Since 1921, the Institute has educatedthousands of past, current, and future nonprofit leaders from acrossthe country, making it one of the oldest and best regarded adulteducation programs in nonprofit management. 296500 321500 213246 Contributions, which are detailed in Schedule I. 3761140 321500 1230447 20744937 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 X 161 0 1 57 1 1 1 0 0 0 0 0 0 0 0 0 X 7 6 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 1 0 AL AR CA CO CT FL GA HI IL KS KY MA MD MI MN MS NH NJ NM NY OH OR PA RI SC TN UT VA WI WV X Stan M Harrell 2024635590 1615 H ST NW Washington DC 20062 Diana Cantor Director 1.00 X 0 0 0 Suzanne Clark Exec VP & Director 6.00 34.00 X 0 2311296 102326 Michael Edwards Director 1.00 X 0 0 0 Thomas Kuhn Director 1.00 X 0 0 0 William G Little Chair/Director 1.00 1.00 X 0 0 0 Richard Martella Jr Director 1.00 X 0 0 0 Donald Shepard Director 1.00 1.00 X 0 0 0 Lily Fu Claffee Gnl Cnsl & Secy 1.00 25.00 X 0 1354691 47186 Thomas J Donohue CEO 1.00 40.00 X 0 6606257 13584 Stan Harrell CFO 1.00 40.00 X 0 813207 195394 Carolyn Cawley Westerman President 24.00 16.00 X 344485 0 22308 Marc E DeCourcey SVP, CCC 40.00 X 265290 0 62342 Eric Eversole Pres, HOH 38.00 2.00 X 0 505401 38084 Cheryl Oldham SVP, Educ & Workf USCCF 12.00 28.00 X 0 300171 47761 Justin Waller Operations officer 1.00 40.00 X 0 204250 14936 Horace C Hodges Sr Dir, Events & Prog, HOH 45.00 X 191750 0 0 Rebecca Mousseau Exec Dir, Corp Relations, CCC 40.00 X 171861 0 75658 Shannon Ripley Senior Director, HOH 40.00 X 156855 0 16102 Kathryn Traver VP Operations, Asst Secy 40.00 X 197985 0 107345 Jason Tyszko VP, CEW 31.00 9.00 X 0 170306 31222 1328226 12265579 774248 17 0 1 0 The Markham Group LLC 1000 W 3RD Street Little Rock AR 72201 Consult on events 3333872 Propper Daley 6380 Wilshire Blvd Suite 1500 Los Angeles CA 90048 Public relations services 420114 Craft Media Digital 1600 K St NW Suite 300 Washington DC 20006 Graphic design 243234 Morning Consult LLC PO Box 360673 Pittsburgh PA 15251 Public relations services 145000 NDP Group 1730 Rhode Island Ave NW Suite 205 Washington DC 20036 Public relations services 140000 7 27170125 27170125 Professional training 611600 977655 977655 Govt svc grants 541900 292885 292885 Meetings revenue 900099 212377 212377 Advertising revenue 541800 3674 3674 Pub Sales 511190 804 804 1487395 996466 -91093 1087559 7867894 7108559 759335 759335 29318 730017 Affiliate svc charges 561000 244121 244121 244121 30657442 1727842 -58101 1817576 X 755828 755828 30000 30000 327633 239424 88209 4449236 4160932 288304 1493451 1398311 95140 196612 37845 158767 68000 68000 91844 91844 6628475 6628185 290 646446 646196 250 606841 603668 3173 592503 592503 950759 943270 7489 3615964 3615490 474 Administrative support 1900000 1900000 Program support service 1001441 1001441 Bad debt 130000 130000 23485033 20744937 2126767 613329 2291529 5718558 19140404 9451025 18830771 34801381 40262704 49970964 258276 287113 258276 287113 X 3518055 31643142 36486373 18040709 40004428 49683851 40262704 49970964 X 7172409 2410921 96093 X 0 1 X 1 0 X 15259382 25174523 57089297 21325898 27173799 146022899 15259382 25174523 57089297 21325898 27173799 146022899 20352953 125669946 222 19652 553740 935964 1087559 2597137 423179 37157 66310 154380 244121 925147 149545183 5484141 0.84030 X 0 X 33695062 2410923 795234 3206157 30488905 168537 168537 30657442 24183423 795234 795234 23388189 96844 96844 23485033 Part X, Line 2: ASC 740 footnote from 2017 audit: Management's analysis of uncertain tax positions as required under Financial Accounting Standards Board Accounting Standards Codification (ASC) 740, Income Taxes, determined that USCCF had no uncertain tax positions, and, as such, no liability has been recorded as of December 31, 2017 or 2016. Management does not anticipate any material changes in this position in the next 12 months. USCCF is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes USCCF is no longer subject to income tax examinations for years prior to 2014. Part XI, Line 4b - Other Adjustments: Partnership pass through income ($91,093) Reclass investment fees as expenses $91,844 Interest revenue from agency transaction with affiliate $167,786 Part XII, Line 4b - Other Adjustments: Reclass investment fees as expenses $91,844 Equity adjustment for returned contribution $5,000 0 Europe 0 0 Seminars and speaking engagements. Promote veteran civilian transition. 6007 South Asia 0 0 Seminars and speaking engagements. Corporate citizenship initiatives. 4845 Europe 0 2 Program services. Corporate citizenship initiatives and emerging public policy education issues. 190400 North America 0 2 Program services. Promote veteran civilian transition. 30527 0 4 0 0 0 4 231779 0 231779 North America Part of USCCF's Disaster Response and Community Building project in Mexico. USCCF sent grant to a regional leader in disaster response as recognized by the UN and many corporations. 30000 Wire transfer FMV 0 0 0 0 0 0 Part I, line 3: Schedule F Part I We use the accrual method of accounting on all of our transactions. 1 ALZHEIMERS ASSOCIATION-NATL CAPITAL AREA 3701 PENDER DR SUITE 400 FAIRFAX VA 220306045 521196162 501(c)(3) 10000 The Foundation supports organizations enhancing civil society or seeking to cure an illness. AMERICAN RED CROSS 8550 ARLINGTON BLVD FAIRFAX VA 22031 530196605 501(c)(3) 20000 The Foundation supports organizations enhancing civil society or seeking to cure an illness. ASSOCIATION OF GRADUATES OF THE US AIR FORCE ACADEMY 3116 ACADEMY DRIVE USAFA CO 80840 840580665 501(c)(3) 10000 The Service Academy Global Summit is a widely attended event for high-level military leaders and graduates of one of the military service academies. USCCF supported its summit in 2017 which was held in the DC area. CENTER FOR INTERNATIONAL PRIVATE ENTERPRISE 1211 CONNECTICUT AVENUE WASHINGTON DC 20036 521398742 501(c)(3) 15000 USCCF has had a long time standing relationship with the Center for International Private Enterprise. This was a contribution to the Center's World Chamber Federation Meeting. EAST CAROLINA UNIVERSITY FOUNDATION INC 2200 SOUTH CHARLES BLVD GREENVILLE SC 27858 566093187 501(c)(3) 10000 A charitable contribution to the university that completed a research project circular economy. FLORIDA CHAMBER OF COMMERCE FOUNDATION INC 136 SOUTH BRONOUGH STREET TALLAHASSEE FL 32302 596209605 501(c)(3) 75000 Lead partner in coordinating Launch My Career Florida launch, which supports student awareness of potential career pathways. This grant recipient has to report to USCCF on how these funds were spent. FOUNDATION FOR EXCELLENCE IN EDUCATION INC PO BOX 10691 TALLAHASSEE FL 32302 260615175 501(c)(3) 50000 Support for national conference on advancing quality, and opportunity in education. USCCF staff member attended this conference. USCCF has had an ongoing relationship with this foundation and is confident the money was spent for its intended purpose. GEORGETOWN UNIVERSITYGEORGETOWN PEDIATRICS GALA C/O DUFOUR CO 1901 FT MYERS DRIVE SITE 502 ARLINGTON VA 22209 530196603 501(c)(3) 10000 The Foundation supports organizations enhancing civil society or seeking to cure an illness. GREATER HOUSTON PARTNERSHIP 701 Avenida de las Americas Suite 900 HOUSTON TX 77010 208179135 501(c)(3) 10000 USCCF sent a contribution to assist with aid after Hurricane Harvey KENTUCKY CHAMBER FOUNDATION INC 464 CHENAULT ROAD FRANKFORT KY 40601 611284992 501(c)(3) 59000 USCCF made a communications subgrant to support event focused on high-quality childcare. Subgrant to host the KY Talent Pipeline Management Academy, which addresses the skills gap affecting Kentucky workers and industry. This grant recipient has to report to USCCF on how these funds were spent. MANHATTAN INSTITUTE FOR POLICY 52 VANDERBILT AVENUE NEW YORK NY 10017 132912529 501(c)(3) 25000 USCCF has worked with the Manhattan Institute for years and the Manhattan Institute is an extremely reputable institution. This grant was to support Manhattan Institutes research into public company proxy voting MARINE CORPS SCHOLARSHIP FOUNDATION INC C/O THE JFM GROUP LLC 629 FIFTH AVENUE SUITE 106 PELHAM NY 10803 221905062 501(c)(3) 75000 USCCF and MCSF are close partners - this is an important strategic relationship to the Foundation. Several influential business community members serve on the board of MCSF. MARYMOUNT UNIVERSITY 2807 NORTH GLEBE ROAD ARLINGTON VA 22207 540573801 501(c)(3) 25000 USCCF supported the veteran scholarship for the students attending Marymount University. USCCF trusts Marymount University as a nationally reputable institution. MIRIAM'S KITCHEN 2401 VIRGINIA AVENUE NW WASHINGTON DC 20037 521331552 501(c)(3) 25000 The Foundation supports organizations enhancing civil society or seeking to cure an illness. NATIONAL CAPITAL AREA COUNCIL BOY SCOUTS OF AMERICA 9190 ROCKVILLE PIKE BETHESDA MD 208143897 530204610 501(c)(3) 15000 The Foundation supports organizations enhancing civil society or seeking to cure an illness. PREVENT CANCER FOUNDATION 1600 DUKE STREET SUITE 500 ALEXANDER VA 22314 521429544 501(c)(3) 10000 The Foundation supports organizations enhancing civil society or seeking to cure an illness. Rockport Fulton Chamber Foundation 319 BROADWAY ST ROCKPORT TX 78382 814215455 501(c)(3) 10000 USCCF sent a contribution to assist with aid after Hurricane Harvey SOLEDAD O'BRIEN & BRAD RAYMOND FOUNDATION 134 WEST 26TH ST SUITE 1150 NEW YORK NY 10001 452440475 501(c)(3) 10000 USCCF has had a long time standing relationship with the Soledad O'Brian Foundation. This was a yearly contribution to the Foundation's Annual Gala THE EDUCATION TRUST INC 1250 H ST NW SUITE 700 WASHINGTON DC 20005 521982223 501(c)(3) 30000 Subgrant to engage business leaders in discussion of Every Student Succeeds Act. This grant recipient has to report to USCCF on how these funds were spent. THE GEORGETOWN LOMBARDI COMPREHENSIVE CANCER CENTER GMUC OFFICE OF ADVANCEMENT - S COURTIN 3300 WHITEHAVEN ST NW SUITE WASHINGTON DC 20007 530196603 501(c)(3) 10000 The Foundation supports organizations enhancing civil society or seeking to cure an illness. THE LEUKEMIA & LYMPHOMA SOCIETY NATIONAL CAPITAL AREA CHAPTER 3601 EISENHOWER AVE SUITE 450 ALEXANDIA VA 22303 135644916 501(c)(3) 15000 The Foundation supports organizations enhancing civil society or seeking to cure an illness. THE PARTNERSHIP INITIATIVE FUND 17 MARKET SQUARE 201 KNOXVILLE TN 37902 581641714 501(c)(3) 55000 Subgrant to host the Tennessee Talent Pipeline Management Academy, which addresses the skills gap affecting Tennesee workers and industry. This grant recipient has to report to USCCF on how these funds were spent. TRAGEDY ASSISTANCE PROGRAM FOR SURVIVORS HONOR GUARD GALA POST OFFICE BOX CC McLEAN VA 22101 920152268 501(c)(3) 22500 USCCF has a long standing relationship with the Tragedy Assistance Program for Survivors, which supports the families of fallen service members. USCCF traditionally supports their gala, which is attended by many influential members of the miltiary community. URBAN ALLIANCE FOUNDATION 2030 Q STREET NW WASHINGTON DC 20009 521938443 501(c)(3) 25000 The Foundation supports organizations enhancing civil society or seeking to cure an illness. WASHINGTON HUMANE SOCIETY HUMANE RESCUE ALLIANCE C/O 30TH ANNUAL BARK BALL 71 OGLETHORPE ST N WASHINGTON DC 20011 530219724 501(c)(3) 25000 The Foundation supports organizations enhancing civil society or seeking to cure an illness. 25 0 Part I, Line 2: USCCF exercises due diligence in determining that funds are provided to reputable organizations and all expenditures are appropriately documented. X 1 1 0 1 0 0 0 0 0 1 0 Suzanne Clark Exec VP & Director 0 731216 0 1250000 0 330080 0 68250 0 34076 0 2413622 0 0 Lily Fu Claffee Gnl Cnsl & Secy 0 592156 0 675000 0 87535 0 28350 0 18836 0 1401877 0 0 Thomas J Donohue CEO 0 1043582 0 5450000 0 112675 0 -1100 0 14684 0 6619841 0 0 Stan Harrell CFO 0 491271 0 230000 0 91936 0 171100 0 24294 0 1008601 0 0 Carolyn Cawley Westerman President 284485 0 60000 0 0 0 17550 0 4758 0 366793 0 0 0 Marc E DeCourcey SVP, CCC 210110 0 52000 0 3180 0 28350 0 33992 0 327632 0 0 0 Eric Eversole Pres, HOH 0 295810 0 190000 0 19591 0 28350 0 9734 0 543485 0 0 Cheryl Oldham SVP, Educ & Workf USCCF 0 242171 0 58000 0 0 0 28350 0 19411 0 347932 0 0 Justin Waller Operations officer 0 204250 0 0 0 0 0 11185 0 3751 0 219186 0 0 Horace C Hodges Sr Dir, Events & Prog, HOH 171750 0 20000 0 0 0 0 0 0 0 191750 0 0 0 Rebecca Mousseau Exec Dir, Corp Relations, CCC 131361 0 40500 0 0 0 51363 0 24295 0 247519 0 0 0 Shannon Ripley Senior Director, HOH 156855 0 0 0 0 0 8648 0 7454 0 172957 0 0 0 Kathryn Traver VP Operations, Asst Secy 187985 0 10000 0 0 0 88391 0 18954 0 305330 0 0 0 Jason Tyszko VP, CEW 0 170306 0 0 0 0 0 18112 0 13110 0 201528 0 0 Part I, Line 1a Two of the executives listed on Part VII of the core form have taken first class travel. None of these expenses are treated as taxable benefits. Part I, Line 3 The US Chamber of Commerce Foundation relied on the performance and compensation committee of a related organization. Total compensation is reviewed annually by an independent compensation consultant. The consultant prepares a compensation study primarily utilizing, as available, Form 990s and surveys of comparable organizations with similar responsibilities. Based on this information, total compensation is determined by the related organization's Performance and Compensation Committee on an annual basis for the US Chamber of Commerce Foundation's top official, who is not paid by the US Chamber of Commerce Foundation. Part I, Line 4b Supplemental Pension list: Stan Harrell 91,936 Lily Fu Claffee 87,535 Eric Eversole 19,591 The Supplemental Pension Plan provides cash payments to participants based on a formula that coordinates with the benefits that cannot be paid by the Retirement Plan due to the qualified plan pay cap under the law. These benefits are calculated and paid annually; there is no deferred component. Part I, Line 7 The US Chamber of Commerce Foundation's executive compensation is provided in the form of base salaries and performance based bonuses. The bonuses are contingent upon individual and organizational results and are not guaranteed in future years. Form 990 Part V Item 1a Number reported on 1096 US Chamber of Commerce Foundation is part of a consolidated treasury function where all payments are handled by an affiliated organization, the Chamber of Commerce of the USA. The number in box 1a relates to the 1099s that the US Chamber of Commerce Foundation would have issued without participating in a consolidated treasury function. Form 990 Part V Item 2a Number reported on W-3 US Chamber of Commerce Foundation is part of a consolidated payroll function where all payroll functions are handled by an affiliated organization, the Chamber of Commerce of the USA. The number in box 2a relates to the W-2s that the US Chamber of Commerce Foundation would have issued without participating in a consolidated payroll function. Form 990, Part VI, Section A, line 2 Lily Fu Claffee has a business relationship with Suzanne Clark, Tom Donohue, Justin Waller, Eric Eversole, Stan M Harrell, Cheryl Oldham, and Jason Tyszko. Form 990, Part VI, Section A, line 6 The US Chamber of Commerce Foundation (USCCF) has one class of membership. The sole member of USCCF is the Chamber of Commerce of the USA. Form 990, Part VI, Section A, line 7a The sole member of the US Chamber of Commerce Foundation is the Chamber of Commerce of the USA, which has the right to elect or appoint a majority of members of the governing body of US Chamber of Commerce Foundation. Form 990, Part VI, Section A, line 7b The following actions require the prior written approval of the Member: 1 Amending the Certificate of Incorporation; 2 Amending or repealing the bylaws or adopting new bylaws; 3 Adopting an agreement of merger or consolidation; 4 Adopting a plan of wind-up and dissolution; 5 The sale, lease, transfer, or other disposition of all or any substantial part of the Corporation's assets or properties; and 6 The creation of a subsidiary or another related organization. Form 990, Part VI, Section B, line 11b The draft Form 990 was provided in advance to the Board of Directors and reviewed individually with each member prior to filing. The board receives the most recently completed tax return at the next regularly scheduled meeting. Form 990, Part VI, Section B, line 12c We annually notify staff of the Standards of Conduct and Ethics policy, which includes a requirement that any transaction or relationship that is reasonably expected to give rise to an actual or apparent conflict of interest be brought to the attention of a supervisor, a senior manager in the Talent Solutions department or the Office of the General Counsel. In addition, we issue an annual written questionnaire to all members of the board of directors asking for information on potential conflicts of interest, which is gathered by the Chief Financial Officer. All reports of potential conflicts will be evaluated by the General Counsel in consultation with other senior management and staff, as appropriate. Any conflicts of interest involving board members or staff are resolved in accordance with the USCCF's conflicts of interest policies. Form 990, Part VI, Section B, line 15b Part VI Question 15a The Chief Executive Officer is an employee of the US Chamber of Commerce and is not compensated by the organization. Part VI Question 15b The process for determining total compensation for the four key employees, whose compensation is charged to the US Chamber of Commerce Foundation, is as follows. An independent compensation consultant provides supporting data and analysis to the US Chamber of Commerce's Senior Executive Vice President and the Vice President, Talent Solutions who establishes job classifications and compensation ranges for all employees. Based on this information, individual total compensation is determined by the individual's supervisor and the US Chamber of Commerce's Senior Executive Vice President, and the Vice President, Talent Solutions on an annual basis. Form 990, Part VI, Section C, line 19 The Form 990 is made available to any member of the public who requests a copy. Any requestor is forwarded to the Administrative Director of Finance of the US Chamber of Commerce, who will forward a copy of the document to the requestor. The organization's governing documents and conflict of interest policy were made available with the organization's Form 1023 on February 4, 2013. The organization's financial statements are not made available to the public but are reflected in the financial data of the Form 990. Form 990, Part IV Question 12 Auditing of financial statements The US Chamber of Commerce Foundation is a related organization within the consolidated financial statements of the US Chamber of Commerce. Schedule R lists some additional related organizations included in the US Chamber of Commerce consolidated financial statements. Form 990, Part IV Question 26 The loan in Part X Line 6 is with the US Chamber of Commerce, which meets the definition of a disqualified person for the purposes of Line 6. However according to the Schedule L instructions, the Chamber does not meet the requirement of an interested person; thus, this loan is not disclosed on Schedule L. Form 990, Part IX, line 11g Policy and Research Consulting: Program service expenses 6148809. Management and general expenses 0. Fundraising expenses 290. Total expenses 6149099. Temp Salaries: Program service expenses 134828. Management and general expenses 0. Fundraising expenses 0. Total expenses 134828. Video production: Program service expenses 319279. Management and general expenses 0. Fundraising expenses 0. Total expenses 319279. Photographic services: Program service expenses 25269. Management and general expenses 0. Fundraising expenses 0. Total expenses 25269. Form 990, Part XI, line 9: Flow through loss from partnership investments 91093. Equity adjustment for returned contribution per IRS rules 5000. Chamber of Commerce of the USA 1615 H St NW Washington DC 20062 530045720 An advocate for the nation's businesses to national leaders DC 501(c)(6) N/A N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 Chamber of Commerce of the USA S 344061 Calculated interest Chamber of Commerce of the USA N 1900000 Cost allocation discounted 33% Chamber of Commerce of the USA O 6270320 Actual salaries & benefit alloc Chamber of Commerce of the USA P 1001441 Alloc amt at 33% disc & act cost Chamber of Commerce of the USA Q 244121 Alloc amt actual cost