2015-05-15T09:43:07-05:00 2014-12-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2014-01-01 561918853 NORTH CAROLINA CHAMBER FOUNDATION NORT 9198361400 701 CORPORATE CENTER DRIVE SUITE 400 RALEIGH NC 27607 JAMES T SIMPSON PRESIDENT 9198361400 2015-05-12 1 JANICE A RATICA P00358837 7043771678 2014 2016-04-25 22:37:26Z JAMES T SIMPSON 701 CORPORATE CENTER DRIVE SUITE 400 RALEIGH NC 27607 1947705 0 X N/A X 1995 NC TO PROMOTE SOCIAL WELFARE IN NORTH CAROLINA. 8 7 0 8 0 0 750000 1947670 0 0 41 35 0 0 750041 1947705 0 5390 0 0 24825 101751 98000 199500 199500 281929 487389 404754 794030 345287 1153675 615589 1750057 42813 23606 572776 1726451 X THE PURPOSE AND MISSION OF THE ORGANIZATION IS TO PROMOTE THE SOCIAL WELFARE OF THE STATE OF NORTH CAROLINA AND ITS CITIZENS BY IDENTIFYING, INVESTIGATING, STUDYING, RESEARCHING, AND ANALYZING IN A NONPARTISAN MANNER THE FACTORS THAT ENHANCE THE BUSINESS CLIMATE, WORKFORCE DEVELOPMENT, AND QUALITY OF LIFE OF THE STATE, INCLUDING THE PROSPECTS FOR THE CREATION AND RETENTION OF JOBS FOR THE STATE'S CITIZENS, AND EDUCATING AND INSTRUCTING THE BUSINESS COMMUNITY AND GENERAL PUBLIC BY DISSEMINATING AND PUBLISHING THE KNOWLEDGE GAINED AS A RESULT OF THOSE ACTIVITIES. THE ORGANIZATION WILL NOT DIRECT ITS EFFORTS OR EXPEND FUNDS IN MAKING ANY LEGISLATIVE RECOMMENDATIONS, PREPARING PROSPECTIVE LEGISLATION, OR CONTACTING LEGISLATORS OR OTHER ELECTED OFFICIALS FOR THE PURPOSE OF INFLUENCING LEGISLATION. 0 0 532274 5390 PROACTIVELY DELIVER PRO-BUSINESS SOLUTIONS FOR NORTH CAROLINA'S MOST DAUNTING ECONOMIC CHALLENGES TO EFFECTIVELY PRODUCE MEANINGFUL OUTCOMES. DRIVE IMPLEMENTATION OF "NORTH CAROLINA VISION 2030 - A PLAN FOR ACCELERATING JOB GROWTH AND SECURING NORTH CAROLINA'S FUTURE," DEVELOPED WITH THE INVOLVEMENT OF TOP NORTH CAROLINA BUSINESS LEADERS, LOCAL CHAMBERS OF COMMERCE AND KEY STAKEHOLDERS. PROMOTE ACCOUNTABILITY, TRANSPARENCY AND CLEAR METRICS KEY FOR MEASURING PROGRESS THAT IS ACCESSIBLE TO CITIZENS, POLITICIANS, ASSOCIATIONS, UNIVERSITIES AND ANYONE WHO HAS AN INTERNET-ENABLED DEVICE. 532274 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 16 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X X THE ORGANIZATION 9198361400 701 CORPORATE CENTER DRIVE SUITE RALEIGH NC 27607 JACK BAILEY BOARD MEMBER 1.00 X 0 0 0 LEW EBERT BOARD MEMBER 4.00 36.00 X 0 360498 21660 FRANK B HOLDING JR BOARD MEMBER 1.00 X 0 0 0 ANNE LLOYD BOARD MEMBER 1.00 X 0 0 0 JAMES M WHITEHURST BOARD MEMBER 1.00 X 0 0 0 BRAD WILSON BOARD MEMBER 1.00 X 0 0 0 STAN KELLY CHAIRMAN 1.00 X X 0 0 0 JIM SIMPSON PRESIDENT 8.00 32.00 X 0 273476 10996 CATHERINE BUTLER SECRETARY 0.00 40.00 X 0 64515 2604 VICKI CUNNINGHAM TREASURER 4.00 36.00 X 0 77625 9353 CAROL MILLS ASSISTANT SECRETARY 0.00 40.00 X 0 64936 3108 0 841050 47721 0 0 1 0 CONVERGENT NONPROFIT SOLUTIONS LLC 2541 CUMBERLAND PARKWAY SUITE 3679 ATLANTA GA 30339 FUNDRAISING/CONSULTING 199500 KARL THEODORE RECTANUS 5609 CROOKED STICK TRAIL RALEIGH NC 27612 CONSULTING 116659 RTI INTERNATIONAL PO BOX 12194 RESEARCH TRIANGLE PARK NC 27709 CONSULTING 106000 3 1947670 1947670 35 35 1947705 0 0 35 X 5390 5390 93350 93350 8401 8401 199500 199500 311599 311599 22000 22000 12472 12472 9250 9250 18000 16200 1800 19059 18964 95 60361 60361 8209 8209 26439 26439 794030 532274 62256 199500 615589 1688511 61546 615589 1750057 42813 23606 42813 23606 X 572776 1726451 572776 1726451 615589 1750057 1153675 0 X 0 1 X 1 0 X X X 1 NORTH CAROLINA CHAMBER 560340499 7 1 0 0 1 0 1 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B ON OCTOBER 7, 2013, THE ORGANIZATION REQUESTED CLASSIFICATION AS A PUBLIC CHARITY DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. AN APPROVAL LETTER WAS RECEIVED ON AUGUST 27, 2014 DETERMINING THE ORGANIZATION IS A TYPE I SUPPORTING ORGANIZATION. PART IV, SECTION A, LINE 6 PROVIDED SUPPORT FOR NC READY FOR SUCCESS PART IV, SECTION A, LINE 3C ANY GRANTS MADE BY THE ORGANIZATION TO THE SUPPORTED ORGANIZATION WILL BE RESTRICTED SUCH THAT THEY MAY BE USED BY THE SUPPORTED ORGANIZATION EXCLUSIVELY IN FURTHERANCE OF THE ORGANIZATIONS CHARITABLE PURPOSES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) 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 FOUNDATION 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 FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2014 AND 2013. THE FOUNDATIONS FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990) FOR 2011, 2012 AND 2013 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. X X X X X 1 CONVERGENT NONPROFIT SOLUTIONS LLC 2451 CUMBERLAND PARKWAY SUITE 3679 ATLANTA GA 30339 FUNDRAISING 0 5000 199500 -199500 5000 199500 -199500 1 NC READY FOR SUCCESS 200 WEST JONES STRET RALEIGH NC 27603 566000756 5390 0 GENERAL SUPPORT 1 PART I, LINE 2: THE FOUNDATION REQUIRES PERIODIC, WRITTEN NARRATIVE AND FINANCIAL REPORTS ON THE PROGRESS OF THE GRANT ACCORDING TO A PREDETERMINED SCHEDULE. THE FINANCIAL REPORTS SHALL INCLUDE A COMPLETE AND ACCURATE RECORD OF HOW GRANT FUNDS HAVE BEEN SPENT AND HOW THOSE EXPENDITURES COMPARE WITH THE BUDGET. 0 0 0 0 0 0 0 0 0 LEW EBERT BOARD MEMBER 0 360498 0 0 0 0 0 12072 0 9588 0 382158 0 0 JIM SIMPSON PRESIDENT 0 273476 0 0 0 0 0 9796 0 1200 0 284472 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE PRESIDENT 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 THE FOUNDATION FOLLOWS THE CONFLICT OF INTEREST, WHISTLEBLOWER AND WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICIES OF THE NORTH CAROLINA CHAMBER, A RELATED ENTITY. EACH MEETING IS OPENED BY ASKING FOR ANY CHANGES IN THE CONFLICT OF INTEREST STATUS OF THE PARTICIPANTS. THIS IS DOCUMENTED IN THE MINUTES OF EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS NO FULL TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE FOUNDATION ARE CHAMBER EMPLOYEES AND ARE SUBJECT TO COMPENSATION, CLASSIFICATION AND ALL OTHER PERSONNEL POLICIES OF THE CHAMBER. THE CHAMBER PERIODICALLY REVIEWS ITS CLASSIFICATION AND COMPENSATION STRUCTURE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 303,599. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 303,599. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 8,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,000. NORTH CAROLINA CHAMBER 701 CORPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 560340499 EDUCATION AND RESEARCH NC 501(C)(6) N/A 0 NORTH CAROLINA CHAMBER PAC 701 COPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 271128346 POLITICAL ACTIVITIES NC N/A C 0 NORTH CAROLINA CHAMBER SERVICES 701 COPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 272419422 PURSUE TAXABLE BUSINESS OPPORTUNITIES NC N/A C 0 NORTH CAROLINA CHAMBER INDEPENDENT EXPENDITURE 701 COPORATE CENTER DRIVE STE 400 RALEIGH NC 27607 453806669 POLITICAL ACTIVITIES NC N/A C 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 NORTH CAROLINA CHAMBER K 18000 FMV NORTH CAROLINA CHAMBER Q 109960 FMV