2024-05-09T08:57:45-05:00 2023-12-31 540504608 BROWN EDWARDS & COMPANY LLP 4951 LAKE BROOK DRIVE SUITE 375 GLEN ALLEN VA 23060 990 2023-01-01 540356742 GREATER RICHMOND CHAMBER OF COMMERCE GREA 8046481234 919 EAST MAIN STREET 1700 RICHMOND VA 23219 ROBERT F ANDERSON CPA CFO 8047839303 2024-05-07 1 ROBERT ANDERSON CPA XXX-XX-XXXX 1 MELISSA A SIKES P01261580 8042826000 2024-04-26 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z CHAMBERRVA ROBERT F ANDERSON CPA 919 EAST MAIN STREET 1700 RICHMOND VA 23219 3305735 0 X WWW.CHAMBERRVA.COM X 1922 VA TO SERVE MEMBERS AND ENHANCE THE RICHMOND VIRGINIA REGION BUSINESS ENVIRONMENT. 76 75 16 250 0 0 408233 319825 2695193 2861293 79053 124617 0 0 3182479 3305735 0 0 0 0 1712851 1983950 0 0 0 1392693 1634626 3105544 3618576 76935 -312841 4268110 4037256 1076912 1143599 3191198 2893657 CHAMBERRVA IS THE TRUSTED VOICE FOR MODERN BUSINESS IN THE RICHMOND VIRGINIA REGION. WE ARE CHANGE AGENTS, RALLYING TO DO THE HARD THINGS THAT WILL CREATE A MORE CONNECTED, PROSPEROUS, HEALTH AND EQUITABLE COMMUNITY. 0 0 THE CHAMBER SERVES ITS MEMBERS THROUGH A VARIETY OF PROGRAMS AND EVENTS DESIGNED TO PROVIDE VALUE TO THEIR BUSINESSES THROUGH LEADERSHIP TRAINING AND EDUCATION, RELATIONSHIP BUILDING AND RECOGNITION PROGRAMMING. THE CHAMBER SERVES ITS MEMBERS THROUGH ADVOCACY ON BUSINESS ISSUES WITH ELECTED OFFICALS AND LOCAL GOVERNMENT LEADERS. THE CHAMBER ALSO LEADS THE BUSINESS AGENDA FOR THE REGION REGARDING LEGISLATIVE MATTERS AT THE VIRGINIA GENERAL ASSEMBLY. THE CHAMBER SERVES ITS MEMBERS AND THE RICHMOND REGION COMMUNITY THROUGH SUPPORT OF REGIONAL BRANDING, ECONOMIC DEVELOPMENT, LEADERSHIP INITIATIVES, WORKFORCE DEVELOPMENT INCLUDING TALENT ATTRACTION AND RETENTION, AS WELL AS PROMOTION OF EARLY CHILDHOOD DEVELOPMENT PROGRAMS. 0 1 0 1 0 0 0 0 0 0 1 0 0 1 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 0 0 1 14 0 1 16 1 0 0 0 0 1 1 0 0 0 X 76 75 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X ROBERT F ANDERSON CPA 8047839303 919 EAST MAIN STREET SUITE 1700 RICHMOND VA 23219 BRIAN ANDERSON PRESIDENT & CEO 40.00 0.50 X X 360422 0 67656 ROBERT F ANDERSON CPA CFO 40.00 1.00 X 140106 0 26791 JOHN EASTER SENIOR VICE PRESIDENT 40.00 1.00 X 124674 0 13538 STEPHANIE PHILLIPS MEMBER ENGAGEMENT DIRECTOR 40.00 X 105987 0 31468 CHRISTINA MASTROIANNI VP OF COMMUNITY ENGAGEMENT 40.00 X 102158 0 29829 CHRISTY MCCURDY CORPORATE SECRETARY 40.00 0.50 X 90203 0 23692 EDWARD BAINE CHAIR 2.00 X X 0 0 0 MARIA TEDESCO CHAIR ELECT 2.00 X X 0 0 0 MITCH HADDON VICE CHAIR 2.00 X X 0 0 0 KEN AMPY TREASURER 2.00 X X 0 0 0 POLLY WHITE IMMEDIATE PAST CHAIR/DIRECTOR 2.00 X 0 0 0 RACHEL YOST COUNCIL FORUM CHAIR 2.00 X 0 0 0 MAKOLA ABDULLAH DIRECTOR 2.00 X 0 0 0 NEIL AMIN DIRECTOR 2.00 X 0 0 0 MATT ANDERSON DIRECTOR 2.00 X 0 0 0 SHERRIE ARMSTRONG DIRECTOR 2.00 X 0 0 0 NATHALIA ARTUS DIRECTOR 2.00 X 0 0 0 GREG BISHOP DIRECTOR 2.00 X 0 0 0 MARGARET ANN BOLLMEIER DIRECTOR 2.00 X 0 0 0 VICTOR BRANCH DIRECTOR 2.00 X 0 0 0 LESTER BROWN DIRECTOR 2.00 X 0 0 0 JUNIOR BURR DIRECTOR 2.00 X 0 0 0 BRIDGETTE BYWATER DIRECTOR 2.00 X 0 0 0 SHEKAR CHALLA DIRECTOR 2.00 X 0 0 0 KELLY CHOPUS DIRECTOR 2.00 X 0 0 0 MATT CONRAD DIRECTOR 2.00 X 0 0 0 BOBBY COWGILL DIRECTOR 2.00 X 0 0 0 ELIZABETH CREAMER DIRECTOR 2.00 X 0 0 0 ABBY CREDICOTT DIRECTOR 2.00 X 0 0 0 SHARON DABNEY-WOOLDRIDGE DIRECTOR 2.00 X 0 0 0 CHRIS DANIELS DIRECTOR 2.00 X 0 0 0 JILL DONALDSON DIRECTOR 2.00 X 0 0 0 BILL FIEGE DIRECTOR 2.00 X 0 0 0 HAROLD FITRER DIRECTOR 2.00 X 0 0 0 MOSES FOSTER DIRECTOR 2.00 X 0 0 0 LEAH FREMOUW DIRECTOR 2.00 X 0 0 0 DAVE GALLAGHER DIRECTOR 2.00 X 0 0 0 RICK GREGORY DIRECTOR 2.00 X 0 0 0 KYM GRINNAGE DIRECTOR 2.00 X 0 0 0 KARAH GUNTHER DIRECTOR 2.00 X 0 0 0 JULIE GUSTAVSSON DIRECTOR 2.00 X 0 0 0 RENEE HALTOM DIRECTOR 2.00 X 0 0 0 GRETA HARRIS DIRECTOR 2.00 X 0 0 0 PHIL HATFIELD DIRECTOR 2.00 X 0 0 0 TREY HAYDEN DIRECTOR 2.00 X 0 0 0 MARK HOURIGAN DIRECTOR 2.00 X 0 0 0 CORNEL HUBBARD DIRECTOR 2.00 X 0 0 0 JENNIFER HUNTER DIRECTOR 2.00 X 0 0 0 REBECCA IVINS DIRECTOR 2.00 X 0 0 0 BRIAN JACKSON DIRECTOR 2.00 X 0 0 0 KEN JOHNSON DIRECTOR 2.00 X 0 0 0 CHRIS LAYNE DIRECTOR 2.00 X 0 0 0 TRINA LEE DIRECTOR 2.00 X 0 0 0 HAKIM LUCAS DIRECTOR 2.00 X 0 0 0 WILLIAM LUNN DIRECTOR 2.00 X 0 0 0 JOHN MARSHALL DIRECTOR 2.00 X 0 0 0 KELLEY MCCALL DIRECTOR 2.00 X 0 0 0 KELSEY MCLELAND DIRECTOR 2.00 X 0 0 0 WILL MELTON DIRECTOR 2.00 X 0 0 0 PERRY MILLER DIRECTOR 2.00 X 0 0 0 MATTHEW OGBURN DIRECTOR 2.00 X 0 0 0 PAULA PANDO DIRECTOR 2.00 X 0 0 0 TODD PARNELL DIRECTOR 2.00 X 0 0 0 JARROTT PATTESON DIRECTOR 2.00 X 0 0 0 SCOTT PERRIN DIRECTOR 2.00 X 0 0 0 ANDY POARCH DIRECTOR 2.00 X 0 0 0 MICKEY QUINONES DIRECTOR 2.00 X 0 0 0 PETER RAMSEY DIRECTOR 2.00 X 0 0 0 MICHAEL REYNOLD DIRECTOR 2.00 X 0 0 0 RHODES RITENOUR DIRECTOR 2.00 X 0 0 0 ABBY ROGERS DIRECTOR 2.00 X 0 0 0 CARRIE ROTH DIRECTOR 2.00 X 0 0 0 LISA RUGGLES DIRECTOR 2.00 X 0 0 0 CHRIS SHOCKLEY DIRECTOR 2.00 X 0 0 0 MELODY SHORT DIRECTOR 2.00 X 0 0 0 JAYME SWAIN DIRECTOR 2.00 X 0 0 0 KELLY TILL DIRECTOR 2.00 X 0 0 0 BRIAN TRADER DIRECTOR 2.00 X 0 0 0 MELVIN WATKINS DIRECTOR 2.00 X 0 0 0 LYNN WHITE DIRECTOR 2.00 X 0 0 0 SAM YOUNG DIRECTOR 2.00 X 0 0 0 923550 0 192974 5 0 1 0 0 58905 260920 319825 CHAMBER EVENTS/PROGRAM 561499 1371955 1371955 MEMBERSHIP DUES 900099 1335043 1335043 MANAGEMENT INCOME 561000 154295 154295 2861293 124617 124617 3305735 2861293 0 124617 708869 836737 94755 252176 91413 35500 221165 15679 49268 84 342913 49251 591966 270145 11304 DUES & SUBSCRIPTIONS 18276 POLICY GROUPS 14142 STAFF TRAINING 8641 SPECIAL PROGRAMS 5850 442 3618576 X 97424 325602 1305064 798867 30863 26694 1883814 1680564 78496 229589 867850 957218 4599 18722 4268110 4037256 200516 187963 753671 767491 122725 188145 1076912 1143599 X 3191198 2893657 3191198 2893657 4268110 4037256 -312841 15300 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1335043 18577 18577 26701 -8124 0 INVESTMENTS-OTH SECS(DETAIL)-990 957218 F 957218 OTHER LIABILITIES(DETAIL)-990 188145 188145 X PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE CHAMBER'S TAX POSITIONS AND CONCLUDED THAT THE CHAMBER HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE CHAMBER INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN ADMINISTRATIVE AND GENERAL EXPENSES. THE CHAMBER DID NOT HAVE PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES DURING THE PERIOD ENDED DECEMBER 31, 2023. 1 X X X X 0 0 0 BRIAN ANDERSON PRESIDENT & CEO 329700 0 30722 0 0 0 60188 0 7468 0 428078 0 0 0 ROBERT F ANDERSON CPA CFO 137106 0 3000 0 0 0 13681 0 13110 0 166897 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CHAMBER INCLUDE ANY FIRM, CORPORATION, PARTNERSHIP, SOLE PROPRIETOR, ASSOCIATION, OR OTHER ORGANIZATION WITH A BUSINESS INTEREST IN THE GREATER RICHMOND REGION, OR ANY INDIVIDUAL WITH A BUSINESS INTEREST IN THE GREATER RICHMOND REGION WHO IS NOT AN OWNER, MANAGER, OR EMPLOYEE OF AN ORGANIZATION DESCRIBED ABOVE. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CHAMBER ELECT THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS NOT PROVIDED TO THE BOARD OF DIRECTORS BEFORE IT WAS FILED, BUT WAS PROVIDED TO THE TREASURER AND THE ENTIRE AUDIT COMMITTEE FOR THEIR REVIEW AND FEEDBACK PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CHAMBER ANNUALLY REQUIRES DIRECTORS TO DISCLOSE IN WRITING INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. THE AUDIT AND EXECUTIVE COMMITTEES REVIEW ALL RESPONSES AND DETERMINE APPROPRIATE ACTIONS OR REQUESTS OF THOSE DIRECTORS WHO ARE AFFECTED. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE CURRENT CEO, HIRED IN 2019, WAS UNDERTAKEN BY A BOARD AUTHORIZED TASK FORCE OF CHAMBER DIRECTORS AND MEMBERS IN CONSULTATION WITH A NATIONAL HUMAN RESOURCES CONSULTING FIRM. IT INCLUDED COMPARISONS OF COMPENSATION TO PEER CHAMBERS AND NOT-FOR-PROFIT ORGANIZATIONS AROUND THE UNITED STATES. THE FINAL COMPENSATION PACKAGE WAS PRESENTED TO THE BOARD OF DIRECTORS' EXECUTIVE COMMITTEE FOR APPROVAL BEFORE AN OFFER WAS MADE TO THE CANDIDATE. THE BOARD HAS SINCE CREATED A COMPENSATION COMMITTEE TO REVIEW THE PERFORMANCE OF THE CEO AND TO MAKE RECOMMENDATIONS FOR SALARY AND BENEFIT INCREASES SHOULD ECONOMIC CONDITIONS AND IMPROVEMENTS WARRANT THEM. THE PROCESS FOR DETERMINING COMPENSATION OF THE OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION (AS WELL AS OTHER STAFF POSITIONS) INCLUDE COMPARISONS OF COMPENSATION TO PEER CHAMBERS THROUGH REVIEW OF AN ANNUAL SURVEY DONE BY THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES AS WELL AS A LOCAL SURVEY DONE BY A LOCAL HUMAN RESOURCES CONSULTING FIRM. FORM 990, PART VI, SECTION C, LINE 18 THE CHAMBER MAKES ITS FORM 990 AND OTHER DOCUMENTS, WHICH ARE REQUIRED TO BE MADE PUBLIC ACCORDING TO IRS REGULATIONS, AVAILABLE UPON REQUEST AT ITS OFFICES IN RICHMOND, VIRGINIA. FORM 990, PART VI, SECTION C, LINE 19 THE CHAMBER DOES NOT GENERALLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, ALTHOUGH IT HAS ROUTINELY PROVIDED COPIES OF ITS BYLAWS AND AUDITED FINANCIAL STATEMENTS TO INTERESTED PARTIES UPON REQUEST. PART X, LINE 7 AS OF DECEMBER 31, 2023, THE CHAMBER AGREED TO MOVE FORWARD WITH A PLAN TO FORGIVE $203,250 OF ACCRUED INTEREST ON THE INTERCOMPANY LOAN BETWEEN CHAMBERRVA AND METROPOLITAN ADVANTAGE CORPORATION. THIS AMOUNT WAS RECOGNIZED AS INCOME ON THE TAX RETURN ON METROPOLITAN ADVANTAGE CORPORATION. DURING 2024, THE INTERCOMPANY RECEIVABLE OF $1,680,564 WILL BE CONVERTED TO CONTRIBUTED CAPITAL TO METROPOLITAL ADVANTAGE CORPORATION. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS FOR THIS YEAR. GREATER RICHMOND CHAMBER FOUNDATION 919 EAST MAIN STREET SUITE 1700 RICHMOND VA 23219 510252958 IMPROVE GREATER RICHMOND'S BUSINESS ENVIRONMENT & QUALITY OF LIFE VA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 METROPOLITAN ADVANTAGE CORPORATION 919 EAST MAIN STREET SUITE 1700 RICHMOND VA 23219 541672891 SERVICES TO CHAMBER MEMBERS VA N/A C 577299 179221 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 METROPOLITAN ADVANTAGE CORPORATION N 335229 GREATER RICHMOND CHAMBER FOUNDATION Q 314727