Nonprofit · EIN 46-1561597
US CHAMBER OF COMMERCE FOUNDATION
Tax-exempt · WASHINGTON, DC 20062
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $42,251,033 | $44,438,918 | -$2,187,885 | $62,454,280 | $10,151,651 | $52,302,629 |
| December 31, 2023 | 990 | $37,774,439 | $37,796,273 | -$21,834 | $61,116,898 | $8,555,381 | $52,561,517 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $35,283,506
- Program service revenue
- $1,968,626
- Investment income
- $4,541,837
- Net gain from sales of assets
- $2,523,501
- Other revenue
- $457,064
Expenses
- Grants and similar amounts paid
- $9,230,287
- Compensation of officers, directors and key employees
- $1,586,842
- Other salaries and wages
- $6,943,043
- Salaries, compensation and benefits (total)
- $11,066,081
- Professional fundraising fees
- $41,700
- Legal fees
- $47,806
- Accounting fees
- $79,000
- Travel
- $1,003,255
- Program services (functional)
- $38,984,685
- Management and general (functional)
- $3,230,930
- Fundraising (functional)
- $2,223,303
Balance sheet and other
- Total assets, start of year
- $61,116,898
- Total assets, end of year
- $62,454,280
- Total liabilities, end of year
- $10,151,651
- Net assets, end of year
- $52,302,629
- Publicly traded securities
- $50,437,913
- Net assets without donor restrictions
- $29,636,629
- Net assets with donor restrictions
- $22,666,000
- Gross unrelated business income
- $18,543
- Gross receipts
- $49,981,655
- Employees
- 74
- Volunteers
- 136
- Year formed
- 2012
- State of legal domicile
- DE
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 |
|---|---|---|---|---|---|
| Suzanne Clark | Director, CEO Trustee or director, Officer | 3 | $0 | $7,836,579 | $555,103 |
| Justin Waller | COO Officer | 2 | $0 | $1,920,238 | $149,880 |
| David Detweiler | General Counsel/ Secretary Officer | 2 | $0 | $994,831 | $56,299 |
| Christine Kanuch | CFO Officer | 2 | $0 | $585,251 | $111,728 |
| Carolyn Cawley Westermann | President Officer | 34 | $363,098 | $272,575 | $59,238 |
| Eric Eversole | Pres, HOH Key employee | 40 | $329,976 | $220,000 | $37,749 |
| Michael Carney | President Officer | 38 | $373,774 | $78,000 | $71,127 |
| Stefan Freiberg | CFO Former | 0 | $0 | $409,173 | $13,947 |
| Marc DeCourcey | SVP Key employee | 40 | $310,471 | $0 | $66,810 |
| Howard Byck | SVP, Partnerships Highest-paid employee | 40 | $293,458 | $0 | $48,623 |
| Jason Tyszko | SVP, Policy & Programs Highest-paid employee | 33 | $0 | $289,341 | $47,804 |
| Elizabeth O'Brien | SVP, Programs & Events Highest-paid employee | 40 | $253,057 | $0 | $18,290 |
| Cheryl Oldham | SVP Highest-paid employee | 24 | $0 | $222,349 | $32,094 |
| Robert Glenn | VP, Resiliency Highest-paid employee | 40 | $233,312 | $0 | $16,393 |
| Nikkita Subramanian | Asst Secretary Officer | 30 | $0 | $160,193 | $14,798 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Diana Cantor | Director Trustee or director | 1 | $0 |
| Nicole Lamb-Hale | Director Trustee or director | 1 | $0 |
| Michael S Neal | Director Trustee or director | 1 | $0 |
| Thomas J Wilson | Director/Chair Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Suzanne Clark | Director, CEO Trustee or director, Officer | 3 | $0 | $6,066,261 | $592,515 |
| Justin Waller | COO Officer | 2 | $0 | $1,857,223 | $149,059 |
| David Detweiler | General Counsel/ Secretary Officer | 2 | $0 | $764,670 | $47,208 |
| Carolyn Cawley Westermann | President Officer | 28 | $363,249 | $266,628 | $57,289 |
| Stefan Freiberg | CFO Officer | 2 | $0 | $570,505 | $49,365 |
| Eric Eversole | Pres, HOH Key employee | 40 | $329,976 | $200,000 | $36,174 |
| Michael Carney | SVP Key employee | 40 | $373,902 | $0 | $68,804 |
| Cheryl Oldham | SVP Highest-paid employee | 22 | $0 | $365,247 | $52,909 |
| Marc DeCourcey | SVP Key employee | 40 | $324,918 | $0 | $65,375 |
| Rebecca Mousseau | Exec Dir, Corp Relations Highest-paid employee | 40 | $216,199 | $0 | $75,472 |
| Jason Tyszko | SVP, Policy & Programs Highest-paid employee | 31 | $0 | $242,940 | $47,215 |
| Robert Glenn | VP, Resiliency Highest-paid employee | 40 | $224,339 | $0 | $13,957 |
| Adam Rocke | Sr Dir, External Engagement Highest-paid employee | 40 | $209,605 | $0 | $20,869 |
| Nikkita Subramanian | Asst Secretary Officer | 30 | $0 | $149,998 | $9,939 |
| Diana Cantor | Director Trustee or director | 1 | $0 | $0 | $0 |
| Thomas Kuhn | Director Trustee or director | 1 | $0 | $0 | $0 |
| Michael S Neal | Director Trustee or director | 1 | $0 | $0 | $0 |
| Thomas J Wilson | Director/Chair Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1615 H ST NW, WASHINGTON, DC 20062-0001
- In care of
- % STAN M HARRELL
- Principal officer (990 for 2024)
- Christine Kanuch, 1615 H Street NW, Washington, DC 20062
- Signed the 990
- Christine Kanuch, CFO
- Phone
- (202) 463-5590
- Return prepared by
- Ernst & Young US LLP
Mission
The US Chamber of Commerce Foundation harnesses the power of business to create solutions for the good of America and the world.
Program accomplishments
- Hiring Our Heroes (HOH) - HOH is a nationwide effort to help veterans, transitioning service members, and military spouses find meaningful employment, including through educational efforts.Expenses $14,404,066 · grants $816,174 · revenue $266,257
- Disaster Response and Resiliency - the resilience portfolio supports community building and disaster preparedness by providing direct grants to small businesses affected by disaster and delivering education and training to communities so employers can be more resilient in the future.Expenses $8,091,451 · grants $6,010,000 · revenue $565,905
- Workforce - our workforce programming aims to build better pathways to quality careers by bridging crucial communication gaps between business and education and harnessing new technologies to support the people and enhancing their skills through education.Expenses $5,547,617 · grants $59,500 · revenue $772,846
- The Civic Trust - the Civic Trust is a nonpartisan educational initiative committed to increasing civic literacy, skills, and participation in schools, workplaces, and communities. Its largest initiative is the National Civics Bee, a nonpartisan national competition for middle school students that also engages their parents and other adults in civic learning.Expenses $4,245,974 · grants $1,340,651 · revenue $20,000
- Education - our education programming recognizes that quality education is essential to a building a competitive workforce and supports data-driven, region-specific childcare and K-12 education solutions.Expenses $1,973,592 · grants $83,000 · revenue $85,647
- Incubator - incubator pilot programs, including the Global Threats Initiative, to source, vet, and nurture cutting-edge solutions for the problems of tomorrow.Expenses $1,638,744
- Signature Events - convenes leaders across business, government, and nonprofits to engage in discussion on a variety of topics supporting the US Chamber of Commerce Foundation's mission.Expenses $1,108,677 · revenue $570,098
- Judiciary Training - online training related to the importance of jury service and educational programs for international judges.Expenses $1,086,682 · grants $576,720
- Other - other activities that are supporting the mission including community development through educational coaching/mentoring opportunities.Expenses $668,503 · grants $124,863 · revenue $144,937
- Historic Preservation - US Chamber of Commerce Foundation awards grantsfor historic preservation to the Chamber of Commerce of the USA to ensure the public continues to benefit from the value of historical and architectural landmarks.Expenses $219,379 · grants $219,379
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
- 46-1561597
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B05)
- Assets (IRS master file)
- $62,454,280
- Income (IRS master file)
- $49,981,655
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $42,251,033 | $44,438,918 | $62,454,280 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $37,774,439 | $37,796,273 | $61,116,898 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $32,762,291 | $38,568,091 | $56,374,001 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 46-1561597).
Questions about US CHAMBER OF COMMERCE FOUNDATION
- What is the EIN of US CHAMBER OF COMMERCE FOUNDATION?
- The employer identification number (EIN) of US CHAMBER OF COMMERCE FOUNDATION is 46-1561597.
- Is US CHAMBER OF COMMERCE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to US CHAMBER OF COMMERCE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does US CHAMBER OF COMMERCE FOUNDATION 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 US CHAMBER OF COMMERCE FOUNDATION 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 US CHAMBER OF COMMERCE FOUNDATION 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 US CHAMBER OF COMMERCE FOUNDATION?
- The 990 for the year ended December 31, 2024 names Christine Kanuch.
- Who are the officers and directors of US CHAMBER OF COMMERCE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 19 people; 7 received compensation from the organization.
- How much revenue does US CHAMBER OF COMMERCE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $42,251,033, expenses of $44,438,918 and total assets of $62,454,280 at year end.
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