2017-11-14T14:41:37-06:00 2016-12-31 560574444 CHERRY BEKAERT LLP 1075 Peachtree Street NE Suite 2200 Atlanta GA 30309 990 2016-01-01 560340499 North Carolina Chamber NORT 9198361400 701 Corporate Center Drive Ste 400 Raleigh NC 27607 S LEWIS EBERT president/ceo 9198361400 2017-11-10 1 Amanda Adams P00748038 4042090954 68.142.180.174 2017-11-10 13:39:44 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8B40981BB26319A083A7BBD4C75A55EB3F633C7A 2016 2017-02-10 21:41:12Z s lewis ebert 701 Corporate Center Drive Ste 400 Raleigh NC 27607 7087693 0 X WWW.NCCHAMBER.NET X 1942 NC TO PROMOTE BUSINESS INTERESTS IN NORTH CAROLINA. 58 57 29 0 2629 1629 0 2575700 5337667 4499265 3491 3679 40049 9049 5381207 7087693 1100 35785 0 0 2677013 2936254 0 0 0 2723410 4013032 5401523 6985071 -20316 102622 3809059 3660234 2604864 2353399 1204195 1306835 X The Organization is a proactive, non-partisan 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 the 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. 0 0 Advocacy-Representation before legislative bodies as well as attending hearings to understand proposed legislation and communicate to members potential law changes that affect their businesses. Membership Services - Annual membership meeting for purpose of educating members, reporting on issues, reviewing activities of the Chamber and planning for next year's activity, and honor outstanding individuals for their leadership in service and citizenship (or business leadership) Education & Awareness - Seminars regarding areas of interest and trending issues held for members and general public for purposes of educating and informing. 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 28 0 1 29 1 1 1 0 0 0 1 1 0 X 58 57 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NC X X Vicki Cunningham 9198361401 701 Corporate Center Drive Ste 400 Raleigh NC 27607 Dale Jenkins Chair 1.00 X X 0 0 0 Ricky K Brown 1st Vice Chair 1.00 X X 0 0 0 D Russell Harris 2nd Vice Chair 1.00 X X 0 0 0 Tom Heiks Treasurer 1.00 X X 0 0 0 Susan Alt member 1.00 X 0 0 0 Carl Armato member 1.00 X 0 0 0 Amy Baker member 1.00 X 0 0 0 Jack Bailey member 1.00 X 0 0 0 Don Butler member 1.00 X 0 0 0 Chris Carlson member 1.00 X 0 0 0 William A Cecil Jr member 1.00 X 0 0 0 Jack O Clayton member 1.00 X 0 0 0 James Jerry Cook member 1.00 X 0 0 0 Kit Cramer member 1.00 X 0 0 0 George Michael Baldwin member 1.00 X 0 0 0 James Erlinger member 1.00 X 0 0 0 Donald E Flow member 1.00 X 0 0 0 Rondi Furgason member 1.00 X 0 0 0 Brad Goodwin member 1.00 X 0 0 0 Howard Bissell III member 1.00 X 0 0 0 Mark Griffith member 1.00 X 0 0 0 James Jim Hansen member 1.00 X 0 0 0 Frank B Holding Jr member 1.00 X 0 0 0 Thomas E Iles member 1.00 X 0 0 0 Venessa Harrison member 1.00 X 0 0 0 David Fountain member 1.00 X 0 0 0 James Chestnutt member 1.00 X 0 0 0 Karen Leggio member 1.00 X 0 0 0 Troy Leshko member 1.00 X 0 0 0 Anne H Lloyd member 1.00 X 0 0 0 Scott M Custer member 1.00 X 0 0 0 Bob McCracken member 1.00 X 0 0 0 Elizabeth McGee member 1.00 X 0 0 0 Ray McKeithan MEMBER 1.00 X 0 0 0 Ron Hinson member 1.00 X 0 0 0 John Orgain member 1.00 X 0 0 0 Fran O'Sullivan member 1.00 X 0 0 0 Trey H Paris III member 1.00 X 0 0 0 John Kane member 1.00 X 0 0 0 Randall Ramsey member 1.00 X 0 0 0 Sepideh Sepi Saidi PE member 1.00 X 0 0 0 Scott J Sewell member 1.00 X 0 0 0 Bill Shropshire member 1.00 X 0 0 0 Johnny M Loper member 1.00 X 0 0 0 James H Sills III member 1.00 X 0 0 0 Christopher G Smith member 1.00 X 0 0 0 Jule Smith member 1.00 X 0 0 0 David Spross member 1.00 X 0 0 0 William R Stanulis member 1.00 X 0 0 0 Derek B Steed member 1.00 X 0 0 0 David Stevens member 1.00 X 0 0 0 Pam Townsend member 1.00 X 0 0 0 Leslie Walden member 1.00 X 0 0 0 David Ward member 1.00 X 0 0 0 James C Whitehurst III member 1.00 X 0 0 0 James M Whitehurst member 1.00 X 0 0 0 Brad Wilson member 1.00 X 0 0 0 Craig Radke member 1.00 X 0 0 0 Robert B Schwentker member 1.00 X 0 0 0 Rick Snyder member 1.00 X 0 0 0 Sean Sullivan member 1.00 X 0 0 0 S Lewis Ebert President/ CEO 37.50 4.00 X X 397293 0 101980 James T Simpson Jr COO 37.50 7.50 X 295225 0 50251 Gary J Salamido VP of Government Affairs 37.50 2.50 X 268965 0 49392 Edward G Troha VP of Membership 37.50 2.50 X 155939 0 18000 Matthew T Curran Member Development Manager 37.50 2.50 X 147643 0 17728 Nathaniel Babcock Political Director 37.50 2.50 X 103138 0 14783 Kate Payne VP of Communications 37.50 2.50 X 113108 0 15293 1481311 0 267427 7 0 1 0 Anderson Williams Research LLC 815-A Brazos Suite 304 Austin TX 78701 Research Services 167850 K&L Gates LLP PO Box 402988 Atlanta GA 30384 LEGAL SERVICES 159878 2 2575700 2575700 membership dues 900099 3592516 3592516 CONFERENCES & MEETINGS 900099 575493 575493 Administrative Fee 900099 185348 185348 legal fund 900099 145908 145908 4499265 3679 2629 1050 8565 8565 MISCELLANEOUS 900099 484 484 484 7087693 4499749 2629 9615 35785 1748738 863842 61358 118420 143896 170424 95290 135132 2034112 251509 232459 210029 144042 41750 563 51931 12119 Surveys & Polls 221993 Licenses & fees 152842 Event Expense 130012 COMMISSIONS - NEW MEMBE 94566 34259 6985071 1542657 1473972 1800188 1739184 132814 176907 73355 77412 105062 66383 725237 609286 144558 115951 10425 10425 3809059 3660234 634876 497752 1969988 1855647 2604864 2353399 X 896764 1306835 307431 0 1204195 1306835 3809059 3660234 102622 18 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1843741 0 1843741 0 1843741 0 0 0 1 3592516 2526045 2526045 2356110 169935 Part I-A, Line 1: The North Carolina Chamber Political Program supports the mission of North Carolina Chamber by conducting polling, election analysis, and voter education, and funding issue ads, independent expenditures, and electioneering communications. The North Carolina Chamber Political Program does not make contributions to candidates or to candidate committees. During 2016 the North Carolina Chamber Political Program made independent expenditures in support of the election of probusiness candidates to the North Carolina Legislature and Supreme Court. 43464 10727 32737 681773 598559 83214 115951 X Part X, Line 2: The NC Chamber is 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 Generally Accepted Accounting Principles on Accounting for Uncertainty in Income Taxes. Management believes that the NC Chamber continues to satisfy the requirements of a tax-exempt organization at December 31, 2016 and 2015. Management has evaluated all other tax positions that could have a significant effect on the consolidated financial statements and determined the NC Chamber had no uncertain income tax positions at December 31, 2016 and 2015. 1 X X X X X X 0 1 0 S Lewis Ebert President/ CEO 332760 0 60000 0 4533 0 93080 0 8900 0 499273 0 0 0 James T Simpson Jr COO 237863 0 50000 0 7362 0 41351 0 8900 0 345476 0 0 0 Gary J Salamido VP of Government Affairs 218971 0 40000 0 9994 0 40492 0 8900 0 318357 0 0 0 Edward G Troha VP of Membership 117587 0 30000 0 8352 0 9356 0 8644 0 173939 0 0 0 Matthew T Curran Member Development Manager 47320 0 100323 0 0 0 9619 0 8109 0 165371 0 0 0 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. Part I, Line 4b The following employees participated in a supplemental non-qualified retirement plan under Section 457f. Contributions to the plan by the Chamber during 2016 are as follows: S. Lewis Ebert $75,000, James T. Simpson Jr $25,000, Gary J. Salamido $25,000. Part II BONUS DETERMINATION: ALL EMPLOYEE BONUSES ARE BASED ON OVERALL CHAMBER PERFORMANCE AND INDIVIDUAL GOALS. VARIOUS FORMULAS ARE USED IN THE CALCULATION OF THE BONUS AMOUNTS. THE BONUS FOR THE PRESIDENT/CEO IS DETERMINED BY THE PERSONNEL AND COMPENSATION COMMITTEE AND IS ACCRUED AT YEAR END. Form 990, Part VI, Section A, line 6 There are regular Members and emeritus Members. Former Chairs and former Presidents may be granted emeritus Member 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 matter and pay no dues. All Members other than emeritus Members are regular Members. Form 990, Part VI, Section A, 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, Part VI, Section B, line 11b the chief operating officer WILL DISTRIBUTE THE COMPLETE FORM 990 TO ALL DIRECTORS VIA A DIRECT LINK TO A SECURE PAGE ON THE CHAMBER'S WEBSITE PRIOR TO FILING. All directors have the opportunity to review the 990 before it is filed. Form 990, Part VI, Section B, 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, Part VI, Section B, line 15 PRESIDENT & CEO COMPENSATION: 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 DIRECTOR OF ADMINISTRATION FOR RECORDKEEPING. KEY EMPLOYEES' COMPENSATION: 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 OF SERVICE AND INDIVIDUAL PERFORMANCE. DOCUMENTATION WITH RESPECT TO DECISIONS BY THE PRESIDENT AND THE CEO, WILL BE PROVIDED TO THE DIRECTOR OF ADMINISTRATION FOR RECORDKEEPING. Form 990, Part VI, Section C, line 19 THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. north carolina chamber foundation 701 corporate center drive ste 400 raleigh NC 27607 561918853 Research & analysis NC 501(c)(3) Line 7 north carolina chamber 1 North Carolina Chamber Legal Institute 701 corporate center drive ste 400 raleigh NC 27607 474901025 Research & analysis NC 501(c)(6) North carolina chamber 1 north carolina chamber pac 701 corporate center drive ste 400 raleigh NC 27607 271128346 political activities NC 527 North carolina chamber 1 north carolina chamber Independent Expenditure 701 corporate center drive ste 400 raleigh NC 27607 453806669 political activities NC 527 North carolina chamber 1 north carolina chamber services 701 coporate center drive ste 400 raleigh NC 27607 272419422 pursue taxable business opportunities NC north carolina chamber C -3360 1802 1.00000 1 1 0 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 NORTH CAROLINA FOUNDATION L 188547 FAIR MARKET VALUE North Carolina Foundation A 18000 faIR MARKET VALUE North Carolina Chamber Services A 2629 fAIR MARKET VALUE