2015-05-15T09:42:31-05:00 2014-12-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2014-01-01 560340499 NORTH CAROLINA CHAMBER NORT 9198361400 701 CORPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 S LEWIS EBERT PRESIDENT/CEO 9198361400 2015-05-12 1 JANICE A RATICA P00358837 7043771678 2014 2016-04-25 22:37:26Z S LEWIS EBERT 701 CORPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 4932207 0 X WWW.NCCHAMBER.NET X 1942 NC TO PROMOTE BUSINESS INTERESTS IN NORTH CAROLINA. 68 68 24 68 2125 1125 0 0 4482506 4822911 4760 2961 9206 105354 4496472 4931226 4627 4550 0 0 2363167 2554293 0 0 0 2097668 2305364 4465462 4864207 31010 67019 3097000 3800688 1939511 2576180 1157489 1224508 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 YEARS 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 0 0 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 33 0 1 24 1 1 1 0 0 0 0 0 X 68 68 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NC X X THE ORGANIZATION 9198361400 701 CORPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 DEBORAH SNOW MEMBER 1.00 X 0 0 0 THOMAS J ROBERTS MEMBER 1.00 X 0 0 0 VENESSA HARRISON MEMBER 1.00 X 0 0 0 CHARLES BOWMAN MEMBER 1.00 X 0 0 0 RICKY BROWN MEMBER 1.00 X 0 0 0 MIKE DOUGHERTY MEMBER 1.00 X 0 0 0 GARY WILLIAMSON MEMBER 1.00 X 0 0 0 PATRICK COUGHLIN MEMBER 1.00 X 0 0 0 TODD SCHAFER MEMBER 1.00 X 0 0 0 DAVID T CLANCY MEMBER 1.00 X 0 0 0 JAMES C WHITEHURST III MEMBER 1.00 X 0 0 0 SCOTT SEWELL MEMBER 1.00 X 0 0 0 TAMMY BLISS MEMBER 1.00 X 0 0 0 PAM TOWNSEND MEMBER 1.00 X 0 0 0 PAUL NEWTON MEMBER 1.00 X 0 0 0 DAVID MILLER MEMBER 1.00 X 0 0 0 TOM HEIKS MEMBER 1.00 X 0 0 0 FRANK B HOLDING MEMBER 1.00 X 0 0 0 DON FLOW MEMBER 1.00 X 0 0 0 DEREK STEED MEMBER 1.00 X 0 0 0 JAMES J COOK MEMBER 1.00 X 0 0 0 JEAN-PIERRE SAKEY MEMBER 1.00 X 0 0 0 THOMAS ILES MEMBER 1.00 X 0 0 0 GARY K JOYNER MEMBER 1.00 X 0 0 0 JAY PARKER MEMBER 1.00 X 0 0 0 ERIC RAVINOWICH MEMBER 1.00 X 0 0 0 CRAIG RADKE MEMBER 1.00 X 0 0 0 MARK GRIFFITH MEMBER 1.00 X 0 0 0 MICHAEL CREED MEMBER 1.00 X 0 0 0 KIM SAUNDERS MEMBER 1.00 X 0 0 0 JAMES SILLS III MEMBER 1.00 X 0 0 0 JAMES CHESNUTT MEMBER 1.00 X 0 0 0 INGEMAR LANEVI MEMBER 1.00 X 0 0 0 BHANU SUBRAMANYA MEMBER 1.00 X 0 0 0 ROBERT B SCHWENTKER MEMBER 1.00 X 0 0 0 CARL ARMATO MEMBER 1.00 X 0 0 0 BOB MCCRACKEN MEMBER 1.00 X 0 0 0 GEORGE MICHAEL BALDWIN MEMBER 1.00 X 0 0 0 W FLETCHER STEELE MEMBER 1.00 X 0 0 0 D RUSSELL HARRIS MEMBER 1.00 X 0 0 0 DEREK WINSTANLY MEMBER 1.00 X 0 0 0 WILLIAM R STANULIS MEMBER 1.00 X 0 0 0 DREW ISENHOUR MEMBER 1.00 X 0 0 0 DAVID POWERS MEMBER 1.00 X 0 0 0 SEPIDEH SAIDI PE MEMBER 1.00 X 0 0 0 CHRISTOPHER SMITH MEMBER 1.00 X 0 0 0 DON BUTLER MEMBER 1.00 X 0 0 0 DAVID STEPHENS MEMBER 1.00 X 0 0 0 WILLIAM A CECIL JR MEMBER 1.00 X 0 0 0 HOWARD BISSELL MEMBER 1.00 X 0 0 0 PAULA FRYLAND MEMBER 1.00 X 0 0 0 JAMES HANSEN MEMBER 1.00 X 0 0 0 CHRIS BAILEY MEMBER 1.00 X 0 0 0 BRAD PHILLIPS MEMBER 1.00 X 0 0 0 BILLIE REDMOND MEMBER 1.00 X 0 0 0 SEAN SULLIVAN MEMBER 1.00 X 0 0 0 DAVID HERMAN MEMBER 1.00 X 0 0 0 THOMAS CARROLL MEMBER 1.00 X 0 0 0 STAN KELLY MEMBER 1.00 X 0 0 0 JOHNNY M LOPER MEMBER 1.00 X 0 0 0 JAMES WHITEHURST CHAIR 1.00 X X 0 0 0 ANNE LLOYD FIRST VICE CHAIR 1.00 X X 0 0 0 A DALE JENKINS SECOND VICE CHAIR 1.00 X X 0 0 0 BRAD WILSON TREASURER 1.00 X X 0 0 0 JACK BAILEY IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 S LEWIS EBERT SECRETARY 36.00 4.00 X 360498 0 20201 JAMES T SIMPSON JR COO 32.00 8.00 X 273476 0 10996 EDWARD G TROHA VICE PRESIDENT 40.00 X 134216 0 5369 GARY J SALAMIDO VP OF GOVERNMENT AFFAIRS 40.00 X 245980 0 24136 1014170 0 60702 4 0 1 0 K&L GATES LLP PO BOX 402988 ATLANTA GA 30384 LEGAL SERVICES 230982 INNOVATIVE ADVERTISING LLC 4250 HIGHWAY 22 STE 7 MANDEVILLE LA 70471 CONSULTING 122048 2 MEMBERSHIP DUES 900099 3280229 3280229 PROJECTS REVENUE 900099 707000 707000 CONFERENCES & MEETINGS 900099 614933 614933 LEGAL FUND 900099 220749 220749 4822911 3942 2125 1817 3198 3198 981 -981 -981 -981 MISCELLANEOUS 900099 102156 102156 102156 4931226 4925067 2125 4034 4550 1171905 1002027 127687 106945 145729 365908 40332 387 221728 150174 190199 142843 239977 927 88362 18555 PROJECTS 698264 COMMISSIONS - NEW MEMBE 107484 LICENSES & FEES 21526 MISCELLANEOUS 18698 4864207 828476 1335259 1735084 1998951 141004 156663 67297 72414 68901 663729 500537 245138 163192 74884 10425 3097000 3800688 401538 559287 1537973 2016893 1939511 2576180 X 834663 958022 322826 266486 1157489 1224508 3097000 3800688 67019 0 X 0 1 X 1 0 0 0 0 3280229 769945 769945 787255 -17310 43464 8498 34966 620265 492039 128226 163192 X PART X, LINE 2: THE ORGANIZATION 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 ORGANIZATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT DECEMBER 31, 2014 AND 2013. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE ORGANIZATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2014 AND 2013. THE ORGANIZATIONS FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990) FOR 2011, 2013 AND 2013 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. X X 1 1 X X X X X X 0 0 0 S LEWIS EBERT SECRETARY 303871 0 50000 0 6627 0 12072 0 8129 0 380699 0 0 0 JAMES T SIMPSON JR COO 222133 0 45000 0 6343 0 9796 0 1200 0 284472 0 0 0 GARY J SALAMIDO VP OF GOVERNMENT AFFAIRS 203004 0 36500 0 6476 0 10140 0 13996 0 270116 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 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 THE NORTH CAROLINA CHAMBER IS AN ORGANIZATION IN WHICH THE MEMBERS EACH HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE CHAMBER HAS THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY AND THE ENTIRE BOARD OF DIRECTORS VOTE ON THOSE ELECTED. FORM 990, PART VI, SECTION B, LINE 11 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. 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 0 NORTH CAROLINA CHAMBER PAC 701 COPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 271128346 POLITICAL ACTIVITIES NC NORTH CAROLINA CHAMBER C -22800 28932 1.00000 0 NORTH CAROLINA CHAMBER SERVICES 701 COPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 272419422 PURSUE TAXABLE BUSINESS OPPORTUNITIES NC NORTH CAROLINA CHAMBER C -3676 1271 1.00000 1 NORTH CAROLINA CHAMBER INDEPENDENT EXPENDITURE 701 COPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 453806669 POLITICAL ACTIVITIES NC NORTH CAROLINA CHAMBER C 524 524 1.00000 0 1 0 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 0 1 NORTH CAROLINA CHAMBER SERVICES INC A 2125 FAIR MARKET VALUE NORTH CAROLINA FOUNDATION N 18000 FAIR MARKET VALUE NORTH CAROLINA FOUNDATION O 109960 FAIR MARKET VALUE