Nonprofit · EIN 26-0708412
GEORGIA CHAMBER OF COMMERCEFOUNDATION INC
Tax-exempt · ATLANTA, GA 30303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,871,929 | $2,940,330 | -$68,401 | $1,668,993 | $1,922,208 | -$253,215 |
| December 31, 2023 | 990 | $678,183 | $1,004,355 | -$326,172 | $1,011,511 | $1,196,325 | -$184,814 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,871,929
- of which government grants
- $1,983,978
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,959,378
- Compensation of officers, directors and key employees
- $160,506
- Other salaries and wages
- $522,242
- Salaries, compensation and benefits (total)
- $756,014
- Professional fundraising fees
- $0
- Legal fees
- $12,000
- Accounting fees
- $50,000
- Travel
- $21,700
- Depreciation
- $26,959
- Program services (functional)
- $2,587,925
- Management and general (functional)
- $201,202
- Fundraising (functional)
- $151,203
Balance sheet and other
- Total assets, start of year
- $1,011,511
- Total assets, end of year
- $1,668,993
- Total liabilities, end of year
- $1,922,208
- Net assets, end of year
- -$253,215
- Land, buildings and equipment
- $265,748
- Net assets without donor restrictions
- -$611,239
- Net assets with donor restrictions
- $358,024
- Gross receipts
- $2,871,929
- Employees
- 7
- Volunteers
- 8
- Year formed
- 2007
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES C CLARK JR | CEO/PRESIDENT Officer | 12 | $0 | $792,102 | $56,156 |
| STEPHANIE MARTIN | TREASURER, CFO Officer | 1 | $0 | $284,559 | $11,883 |
| DANIELA PERRY | EXECUTIVE DIRECTOR Officer | 40 | $0 | $154,023 | $6,481 |
| LAUREN MOORE | VP, EXTERNAL AFFAIRS Highest-paid employee | 1 | $0 | $134,068 | $12,825 |
| STEWART COUNTESS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ED ELKINS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NEIL PRUITT | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN PERRY | GOVERNMENT AFFAIR COUNCIL Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE KINDREGAN | POLITICAL AFFAIRS COUNCIL Trustee or director | 1 | $0 | $0 | $0 |
| DAN KRAUSE | OPERATIONS CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| LEONTE BENTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT STEINER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES C CLARK JR | CEO/PRESIDENT Officer | 12 | $0 | $904,230 | $50,161 |
| STEPHANIE MARTIN | TREASURER, CFO Officer | 1 | $0 | $253,213 | $20,845 |
| DANIELA PERRY | SR. DIRECTOR PUBLIC POLICY Highest-paid employee | 1 | $0 | $121,098 | $5,758 |
| LAUREN MOORE | VP, EXTERNAL AFFAIRS Highest-paid employee | 1 | $0 | $101,045 | $12,726 |
| NEIL PRUITT | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRANDON REESE | GOVERNMENT AFFAIR COUNCIL Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN CURTIN | POLITICAL AFFAIRS COUNCIL Trustee or director | 1 | $0 | $0 | $0 |
| MARK MIDDLETON | RESILIENCY & RECOVERY COMM Trustee or director | 1 | $0 | $0 | $0 |
| PEDRO CHERRY | OPERATIONS CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| BEN TARBUTTON | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 270 PEACHTREE ST NW STE 2200, ATLANTA, GA 30303-1581
- Principal officer (990 for 2024)
- JAMES C CLARK JR, 270 PEACHTREE STREET NW 2200, ATLANTA, GA 30303
- Signed the 990
- STEPHANIE MARTIN, CFO
- Phone
- (404) 223-2268
- Website
- GACHAMBER.COM/FOUNDATION
- 990-N for 2007 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: George M Israel III, 233 Peachtree Street, Suite 2000, Atlanta GA 30303. Mailing address: 233 Peachtree Street NE, Suite 2000, Atlanta GA 30303.
- Return prepared by
- MAULDIN & JENKINS LLC
Mission
THE GEORGIA CHAMBER OF COMMERCE FOUNDATION UNDERTAKES ACTIVITIES, WHICH EDUCATE THE PUBLIC ON SUBJECTS USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY THE FOUNDATION PRIMARILY FOCUSES ON THE ISSUES OF HEALTH CARE AND WORK FORCE DEVELOPMENT IN THE STATE OF GEORGIA. THE FOUNDATION PROMOTES DEVELOPMENT OF POLICIES IN GEORGIA WHICH ADDRESS THE CRISIS IN HEALTH CARE FINANCING AND ITS IMPACT ON GEORGIA BUSINESSES AND EMPLOYEES. THE FOUNDATION ALSO IS INVOLVED IN ACTIVITIES TO IMPROVE THE TRAINING AND MARKETABILITY OF GEORGIA'S WORK FORCE TO BRING HEALTHY ECONOMIC GROWTH TO ALL PARTS OF THE STATE
Program accomplishments
- THE GEORGIA CHAMBER OF COMMERCE FOUNDATION, THE RESEARCH ARM OF THE GEORGIA CHAMBER OF COMMERCE, DEDICATES ITSELF TO PRODUCING IN-DEPTH ECONOMIC ANALYSIS, ACTIONABLE INSIGHTS, AND PROACTIVE SOLUTIONS TO BETTER PREPARE GEORGIA'S BUSINESS AND COMMUNITY LEADERS FOR OUR FUTURE CHALLENGES, INCREASING THE STATE'S COMPETITIVENESS AND ECONOMIC PROSPERITY. IN 2024 THE GEORGIA CHAMBER FOUNDATION PRODUCED ITS SECOND ECONOMIC COMPETITIVENESS REDBOOK WHICH PROVIDES ECONOMIC AND DEMOGRAPHIC DATA TO COMPARE GEORGIA TO EVERY OTHER STATE IN THE NATION TO ANALYZE OPPORTUNITIES FOR STRATEGIC INVESTMENTS TO PROPEL THE STATE FORWARD. AN UPDATED FORMAT WAS UTILIZED TO ENSURE THE CONTENT WAS HIGHLY ENGAGING AND PROVIDED TOP INSIGHTS FOR BUSINESS LEADERSHIP. COUNTY LEVEL DATA WAS ALSO INCLUDED TO ENABLE LOCAL LEADERS TO HAVE TAILORED INSIGHTS TO UNDERSTAND THE GREATEST CHALLENGES AND STRENGTHS OF THEIR COMMUNITIES. ALONG THOSE SAME LINES, THE FOUNDATION ALSO PRODUCED ITS SECOND EXECUTIVE INSIGHTS SURVEY, WHICH GARNERED FEEDBACK FROM TOP BUSINESS LEADERS ABOUT THE TOP OPPORTUNITIES FOR THE STATE OF GEORGIA TO CONTINUE STRONG ECONOMIC GROWTH. THIS YEAR'S SURVEY INCLUDED YEAR OVER YEAR INSIGHTS WHICH WAS VERY VALUABLE TO BETTER UNDERSTAND WHICH ISSUES ARE CONSISTENTLY TOP OF MIND. ADDITIONALLY, THE FOUNDATION PRODUCED QUARTERLY ECONOMIC REPORTS CENTERED AROUND THE CHAMBER'S STRATEGIC PLAN TO GIVE STAKEHOLDERS A CLEAR PICTURE OF WHERE SOLUTIONS ARE NEEDED TO FURTHER ECONOMIC PROSPERITY. RESEARCH WAS ALSO RELEASED ON THE STATE OF HOUSING IN GEORGIA AS A RESULT OF THE WORK OF THE HOUSING AFFORDABILITY AND ACCESS TASK FORCE THAT CONVENED IN 2023. THE FOUNDATION CONVENED MEMBERS THROUGH 6 POLICY COMMITTEES AND 3 POLICY COUNCILS TO DISCUSS KEY ISSUES AND EMERGING TRENDS AND ESTABLISH ACTIONABLE SOLUTIONS TO MOVE FORWARD. NEW IN 2024, THE FOUNDATION HOSTED CURATED LUNCHEONS ON THE TOPICS OF WORKFORCE DEVELOPMENT AND FREIGHT AND LOGISTICS TRANSPORTATION TO HIGHLIGHT THE RESEARCH OF THE FOUNDATION AND ENSURE MEMBERS AND PARTNERS WERE AWARE OF ACTIONABLE SOLUTIONS AND NEXT STEPS. THE FUTURE OF SMALL BUSINESS WAS ANOTHER NEW EVENT SUPPORTED BY THE RESEARCH OF THE FOUNDATION THAT WAS LAUNCHED IN 2024. FOUNDATION STAFF PROVIDED TESTIMONY TO NUMEROUS GEORGIA GENERAL ASSEMBLY STUDY COMMITTEES ON WORKFORCE AND SMALL BUSINESS ISSUES. IN 2024, THE FOUNDATION RECEIVED INVESTMENT FOR TWO GRANT PROJECTS TO SUPPORT K-12 WORKFORCE DEVELOPMENT INITIATIVES. FIRST, THE GEORGIA DEPARTMENT OF EDUCATION PROVIDED FUNDS ALLOWING THE GEORGIA CHAMBER FOUNDATION TO DEPLOY MORE THAN $2 MILLION DOLLARS TO 64 RURAL SCHOOL DISTRICTS FOR THEIR WORKFORCE PREPAREDNESS PROGRAMS. THE FOUNDATION ALSO RECEIVED $50,000 FROM TRUIST CHARITABLE FUND TO SUPPORT INCREASED ACCESS TO SKILLED TRADES TRAINING PROGRAMS AND ENTREPRENEURIAL EDUCATION THROUGH, BE PRO BE PROUD AND FLEX GEORGIA, TWO PARTNERS OF THE GEORGIA CHAMBER.Expenses $2,587,925 · grants $1,959,378
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-0708412
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,668,993
- Income (IRS master file)
- $2,871,929
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,871,929 | $2,940,330 | $1,668,993 | IRS |
| 990 | December 2023 | $678,183 | $1,004,355 | $1,011,511 | XML |
| 990 | December 2022 | $691,000 | $1,066,924 | $1,049,882 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2007 Officer: George M Israel III Filed under this EIN, most likely by a chapter or affiliate | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-0708412).
Questions about GEORGIA CHAMBER OF COMMERCEFOUNDATION INC
- What is the EIN of GEORGIA CHAMBER OF COMMERCEFOUNDATION INC?
- The employer identification number (EIN) of GEORGIA CHAMBER OF COMMERCEFOUNDATION INC is 26-0708412.
- Is GEORGIA CHAMBER OF COMMERCEFOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to GEORGIA CHAMBER OF COMMERCEFOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEORGIA CHAMBER OF COMMERCEFOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GEORGIA CHAMBER OF COMMERCEFOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEORGIA CHAMBER OF COMMERCEFOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GEORGIA CHAMBER OF COMMERCEFOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JAMES C CLARK JR.
- Who are the officers and directors of GEORGIA CHAMBER OF COMMERCEFOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does GEORGIA CHAMBER OF COMMERCEFOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,871,929, expenses of $2,940,330 and total assets of $1,668,993 at year end.
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