2022-09-14T08:48:01-05:00 2021-12-31 043023027 VERDOLINO & LOWEY PC 124 WASHINGTON ST SUITE 101 FOXBOROUGH MA 02035 990 2021-01-01 823342211 MASSACHUSETTS LGBT CHAMBER OF COMMERCE MASS 8575298010 50 MILK STREET BOSTON MA 02109 GRACE MORENO EXECUTIVE DIRECTOR 8575298010 2022-09-13 1 GRACE MORENO 999009999 HEATHER MEDEIROS CPA P00458639 5085431720 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z GRACE MORENO 50 MILK STREET BOSTON MA 02109 1101267 0 X WWW.MALGBTCC.ORG X 2017 MA THE MASSACHUSETTS LGBT CHAMBER OF COMMERCE, INC. WORKS TO CREATE A FULLY INCLUSIVE STATE BY PROMOTING GROWTH AND OPPORTUNITIES FOR THE LGBT-OWNED AND ALLIED BUSINESSES, ORGANIZATIONS AND INDIVIDUALS. THE CHAMBER WILL WORK TO BE THE MASSACHUSETTS LGBT BUSINESS COMMUNITY ADVOCATE FOR THE ENTIRE STATE. THE CHAMBER WILL ALSO WORK WITH CORPORATIONS IN MASSACHUSETTS TO ENRICH THEIR EDUCATION ABOUT LGBT PEOPLE AND BUSINESS OWNERS IN ORDER TO ENCOURAGE BUSINESS DEVELOPMENT AMONG THEM AND OUR MEMBER BUSINESSES. WE WILL PROVIDE OPPORTUNITIES FOR COLLABORATION AND SUPPLIER DIVERSITY INCLUSION OF LGBT BUSINESSES. 9 9 6 50 0 0 0 369500 331152 636767 0 0 0 95000 331152 1101267 0 2550 31200 23927 394338 457136 0 0 0 104879 149824 530417 633437 -199265 467830 68219 469219 125154 58324 -56935 410895 X THE ORGANIZATION IS A SMALL, LEAN NON-PROFIT POWERED BY HUNDREDS OF BRILLIANT LGBT-OWNED BUSINESSES AND THE COMMONWEALTH'S LARGEST, MOST INNOVATIVE AND PROFITABLE CORPORATIONS. WE HAVE ONE GOAL: CULTIVATING INCLUSIVE RELATIONSHIPS THAT DRIVE ECONOMIC IMPACT. HERE'S HOW: - WE FOSTER MEANINGFUL RELATIONSHIPS AMONGST AND BETWEEN MEMBER BUSINESSES AND OUR CORPORATE PARTNERS. THESE RELATIONSHIPS HELP TO IDENTIFY OPPORTUNITIES AND MEET THE BUSINESS GOALS BEHIND THEM. THEY ALSO BUILD AN EVER-STRONGER NETWORK OF PEOPLE COMMITTED TO BOTH ECONOMIC GROWTH AND DIVERSITY AND INCLUSION. - WE SUPPORT OUR MEMBERS AND CORPORATE PARTNERS IN THEIR GOALS FOR IMPROVEMENT. WHETHER IT'S PRESENTING THEIR BUSINESSES IN THE BEST POSSIBLE LIGHT OR CREATING WORKPLACES THAT WELCOME AND SUPPORT LGBT EMPLOYEES AND VENDORS, WE ARE HERE TO HELP. - WE CHAMPION THE INNOVATIVE PRACTICES THAT ENSURE LGBT INCLUSION IN OUR MARKETPLACE AND THEIR CONTRIBUTIONS TO DRIVING GROWTH THROUGHOUT THE COMMONWEALTH. 0 0 633437 731767 THE ORGANIZATION PROMOTED ECONOMIC GROWTH AND OPPORTUNITIES THROUGH MEMBERSHIP SERVICES, EDUCATION, PUBLIC AWARENESS, NETWORKING AND PUBLIC POLICY THROUGH THE FOLLOWING ACTIVITIES: - ANNUAL FOUNDING MEMBER MEETING: ROUNDTABLE DISCUSSION AND WORKSHOP LEAD BY OUR PARTNERS FROM BABSON BUSINESS COLLEGE WITH OUR FOUNDING SMALL BUSINESS MEMBERS TO DISCUSS THE DIVERSE NEEDS OF THEIR BUSINESSES. AT THIS MEETING WE DISCUSSED THE CORE IDEAS FOR OUR VALUE PROPOSITION FOR SMALL BUSINESSES. JENNIFER BETHEL, PROFESSOR OF FINANCE AT BABSON COLLEGE, RAN A SUCCESSFUL CASE STUDY TO BETTER EDUCATE OUR FOUNDING SMALL BUSINESSES ABOUT BEST AND NEXT BUSINESS PRACTICES WHEN IT COMES TO DIVERSITY AND INCLUSION. (CONTINUED ON SCHEDULE O)(CONTINUED FROM 990 PAGE 2, LINE 4A) - EQUALITY AND EQUITY: ADVANCING THE LGBT COMMUNITY IN MASSACHUSETTS: BOARD MEMBER KAREN YOUNG PARTICIPATED IN A PANEL HOSTED BY THE BOSTON FOUNDATION TO DISCUSS THE ECONOMIC AND SOCIAL STATUS OF THE LGBT COMMUNITY OF MASSACHUSETTS. THE PANEL WAS PART OF A LARGER EVENT CENTERED AROUND THE RELEASE OF THE BOSTON FOUNDATION'S "STATE OF THE LGBT COMMUNITY IN MA" REPORT. KAREN TOOK PART IN THE PANEL EXAMINING THE REPORT'S FINDINGS REGARDING TOPICS SUCH AS DISCRIMINATION AGAINST THE TRANSGENDER COMMUNITY AND THE LACK OF SUPPORT SYSTEMS FOR ELDERLY LGBT PEOPLE. - WORKING #OUTHERE PANEL: GRACE MORENO WAS A PANELIST ON THE WORKING #OUTHERE PANEL, HOSTED BY OUT IN TECH AND LIBERTY MUTUAL. THE PANEL BROUGHT TOGETHER NOTABLE LGBT PROFESSIONALS AND ALLIES AND FOCUSED ON NOTIONS OF SELF-IDENTITY AND BEING OPENLY LGBT IN THE WORKPLACE. GRACE PARTICIPATED AS AN OUT-AND-PROUD EXECUTIVE AND REPRESENTATIVE OF THE MA LGBT CHAMBER. - CORPORATE ROUNDTABLE: HOSTED AT 50 MILK STREET, THIS ROUNDTABLE FOCUSED ON AND ACCOMPLISHED THE FOLLOWING GOALS. IDENTIFYING, ENGAGING WITH, AND COMMUNICATING THE NEEDS OF LGBT-OWNED AND ALLIED BUSINESSES. ADVANCING CORPORATE SUPPLIER MANAGEMENT PRACTICES TO BETTER INCLUDE LGBT-OWNED BUSINESSES. AND LASTLY, COLLECTIVELY SHARING BEST PRACTICES AND ESTABLISHING PRACTICAL PRACTICES - LIKE JOB BOARDS - THAT WILL ENABLE CORPORATIONS TO DELIVER THEIR COMMITMENT TO HIRING LGBT TALENT. - THE MA LGBT CHAMBER OF COMMERCE - PUBLIC LAUNCH: PUBLICLY ANNOUNCED THE LAUNCH OF THE MA LGBT CHAMBER OF COMMERCE AT THE FEDERAL RESERVE BANK. THIS PROGRAM GARNERED PUBLIC AND MEDIA ATTENTION TO OUR ORGANIZATION, AND WE HIGHLIGHTED THE CIVIC IMPORTANCE OF DIVERSITY AND INCLUSION WITH A SPEECH FROM MAYOR OF HOLYOKE, ALEX B. MORSE. WE ALSO PROVIDED A NETWORKING OPPORTUNITY FOR SMALL LGBT AND ALLY-OWNED BUSINESSES TO MEET WITH OUR FOUNDING CORPORATE PARTNERS AND SPONSORS. - INNER CITY CAPITAL CONNECTIONS CONFERENCE: THREE MEMBER BUSINESSES AND THE EXECUTIVE DIRECTOR OF THE MALGBTCC PARTICIPATED IN THE ICIC COHORT OF 2021, GAINING APPRECIATION AND KNOWLEDGE OF THE PROGRAM. THE SMALL BUSINESSES WERE ABLE TO GAIN THE SKILLS TO STRENGTHEN THEIR COMPANIES AND THE CHAMBER FOUND ADDITIONAL WAYS TO PARTNER WITH THE ORGANIZATION. 633437 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 6 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X KIMBERLY SIMONSEN 8575298010 50 MILK STREET BOSTON MA 02109 X JAMES LOPATA PRESIDENT 3.00 X X 0 0 0 NANCY STAGER TREASURER 4.00 X X 0 0 0 SUSU WONG DIRECTOR 3.00 X 0 0 0 STEPHEN CHAN DIRECTOR 2.00 X 0 0 0 BENJAMIN PERKINS DIRECTOR 3.00 X 0 0 0 WINELIA RIVERA DIRECTOR 2.00 X 0 0 0 KEITH WANG DIRECTOR 3.00 X 0 0 0 ELLA SAMSON DIRECTOR 2.00 X 0 0 0 RONALD MOLINA-BRANTLEY DIRECTOR 2.00 X 0 0 0 GRACE MORENO EXECUTIVE DIRECTOR 40.00 X 195000 0 0 195000 0 0 1 0 1 0 0 369500 369500 MEMBERSHIPS 900099 636767 636767 636767 PPP LOAN FORGIVENESS 900099 95000 95000 95000 1101267 731767 0 0 2550 2550 23927 23927 195000 195000 230518 230518 31618 31618 9250 9250 61768 61768 9959 9959 12644 12644 13894 13894 9242 9242 4121 4121 EVENTS 13898 13898 EMPLOYEE DEVELOPMENT 8621 8621 COMMUNICATIONS & MARKET 3920 3920 PROGRAM DEVELOPMENT 1000 1000 1507 1507 633437 633437 0 0 66634 467634 1585 1585 68219 469219 154 3072 125000 55252 125154 58324 X 0 0 0 0 -56935 410895 -56935 410895 68219 469219 467830 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 GRACE MORENO EXECUTIVE DIRECTOR 175000 0 20000 0 0 0 0 0 0 0 195000 0 0 0 PART I, LINE 3 A MARKET STUDY IS DONE, A PERFORMANCE REVIEW IS CONDUCTED, A BUDGET IS PRESENTED, AND COMPENSATION IS DETERMINED. FORM 990, PART VI, SECTION B, LINE 11B EACH MEMBER OF THE BOARD OF DIRECTORS ARE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING WITH SUFFICIENT TIME TO PROVIDE COMMENTS, IF ANY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ASKS ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES TO SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS READ AND AGREES TO COMPLY WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AT BOARD OF DIRECTOR MEETINGS AND REVIEWS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD DOES A EVALUATION OF ED./REVIEWED COMPARABLE DATA AND SET SALARY. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, ETC. ARE AVAILABLE AT THE BUSINESS OFFICE UPON REQUEST.