2021-11-09T13:07:32-06:00 2020-12-31 346565596 Ernst and Young US LLP 111 Monument Circle Ste 4000 Indianapolis IN 46204 990 2020-01-01 461561597 US Chamber of Commerce Foundation USCH 2024635590 1615 H ST NW Washington DC 20062 Stefan Freiberg CFO 2024635590 2021-11-09 1 Stefan Freiberg 999009999 Jennifer Rhoderick P00395735 3176817000 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Stefan Freiberg 1615 H ST NW Washington DC 20062 54458609 0 X http://www.uschamberfoundation.org/ X 2012 DE The US Chamber of Commerce Foundation conducts (Please see Schedule O for the continuation) charitable and educational activities to address issues affecting our nation, our economy, and the global business environment. 6 5 64 197 -18752 0 25056312 46249138 2185316 943681 1688104 1858282 309118 185241 29238850 49236342 1208010 24694931 0 0 7805274 8558736 0 0 3215477 19515038 18345624 28528322 51599291 710528 -2362949 55857911 63805956 497190 7559169 55360721 56246787 X The US Chamber of Commerce Foundation conducts charitable and educational activities to address issues affecting our nation, our economy, and the global business environment. 1 0 14007431 14007431 0 Historic Preservation - The Foundation awards grants for historic preservation to ensure the public continues to benefit from the value of historical and architectural landmarks. 13713107 10457000 7673 Corporate Citizenship Center (CCC)- CCC is a leading resource for educating the public on how businesses can and do make a difference by solving the complex challenges facing society. 9646199 0 315171 Hiring Our Heroes (HOH) - HOH is a nationwide effort to help veterans, transitioning service members, and military spouses find meaningful employment. 6565791 93000 290920 Center for Education and Workforce(CEW)- CEW conducts research and produces informative events on education and workforce issues. 1485476 37500 72 Emerging Issues (EI) - EI conducts research, produces public education programs, and convenes experts to address emerging issues affecting the business community. 428310 0 331285 Institute for Organization Management (IOM) - IOM offers professional education training for association and chamber professionals, fostering individual growth through interactive learning and networking opportunities. 100000 100000 183801 Contributions, ones which are over $5,000 are detailed in Schedule I. 8579577 230500 806078 45946314 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 X 159 0 1 64 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 5 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 1 0 AK AL AR CA CO CT FL GA HI IL KS KY MA MD ME MI MN MS NC NH NJ NM NY OH OR PA RI SC TN UT VA WI WV X Stefan Freiberg 2024635590 1615 H ST NW Washington DC 20062 Suzanne Clark President & Director 5.00 35.00 X X 0 4166128 134123 Jessica Adelman thru 0520 Director 1.00 X 0 0 0 Diana Cantor Director 1.00 X 0 0 0 Jennifer L Dorn Director 1.00 X 0 0 0 Thomas Kuhn Director 1.00 X 0 0 0 William G Little Chair/Director 1.00 1.00 X 0 0 0 Michael S Neal Director 1.00 X 0 0 0 John Wood Gnl Cnsl & Secy 2.00 38.00 X 0 1161763 45696 Stan Harrell CFO 1.00 40.00 X 0 725665 273049 Ryan Meyers thru 920 Gnl Cnsl & Secy 15.00 25.00 X 0 339207 32934 Eric Eversole Pres, HOH 35.00 5.00 X 331837 200000 34285 Carolyn Cawley Westermann Senior Vice President 29.00 11.00 X 381733 214122 35438 Cheryl Oldham SVP, Educ & Workf USCCF 31.00 9.00 X 0 333840 47348 Marc E DeCourcey SVP, CCC 40.00 X 286061 0 53086 Michael Carney SVP Emerging Issues 40.00 X 265332 0 50394 Kathryn Traver VP Operations, Asst Secy 40.00 X 213020 0 214434 Rebecca Mousseau Exec Dir, Corp Relations, 40.00 X 184476 0 178899 1662459 7140725 1099686 26 0 1 0 The Markham Group LLC 1000 W 3RD Street Little Rock AR 72201 Program execution 3597019 HCM Strategists LLC 501 Congress Ave Suites 257 258 Austin TX 78701 Policy research 335438 Walker's Legacy 1975 Connectivut Ave Washington DC 20009 Partner in Black Business Grant Programs 299000 The Cicero Group 35 N Rio Grande Salt Lake City UT 84101 Survey/Research Rpts 265876 Robert G Sheets 5515 Pershing Ave Downers Grove IL 60515 Workforce Research & Project Mgmt 253521 12 10000 46239138 46249138 Professional training 611600 331285 331285 Govt svc grants 541900 269075 269075 Service sales 541900 222000 222000 Meetings revenue 900099 120575 120575 Pub Sales 511190 746 746 943681 1194620 -80101 1274721 5885929 5222267 663662 663662 61349 602313 Affiliate svc charges 561000 185241 185241 185241 49236342 1128922 -18752 1877034 X 24345931 24345931 349000 349000 1113225 802301 310924 5435285 4933475 501810 2010226 1844510 165716 117497 67247 50250 77000 77000 104339 104339 10082565 10082366 199 77215 77215 339940 339861 79 1088487 1088487 463055 443215 19840 918795 891837 26958 Administrative support 2310000 2310000 Bad debt 2189951 2189951 Program support service 576530 576530 Taxes and fees 250 250 51599291 45946314 2437500 3215477 8572523 16050325 6772493 3942696 40512895 43812935 55857911 63805956 4958777 497190 2600392 497190 7559169 X 33485275 35366787 21875446 20880000 55360721 56246787 55857911 63805956 X -2362949 3168914 80101 X 0 1 X 1 0 X 21325898 27170125 23227972 25056312 46249138 143029445 21325898 27170125 23227972 25056312 46249138 143029445 32704643 110324802 885964 1087559 1263477 1531769 1274721 6043490 154380 244121 269503 309118 185241 1162363 150235298 7992268 0.73430 0.84800 X Section B Line 10 Affiliate service charges. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 57554048 3168914 681268 4585100 8435282 49118766 117576 117576 49236342 52176220 681268 681268 51494952 104339 104339 51599291 Part X, Line 2: ASC 740 footnote from 2020 audit: Management's analysis of uncertain tax positions as required under Financial Accounting Standards Board Accounting Standards Codification (ASC) 740, Income Taxes, determined that USCCF had no uncertain tax positions, and, as such, no liability has been recorded as of December 31, 2020 or 2019. Management does not anticipate any material changes in this position in the next 12 months. Management believes USCCF is no longer subject to income tax examinations for years prior to 2017. Part XI, Line 2d - Other Adjustments: Contribution of agency net assets $4,585,100 Part XI, Line 4b - Other Adjustments: Partnership pass through income ($80,101) Reclass investment fees as expenses $104,339 Interest revenue from agency transaction with affiliate $93,338 Part XII, Line 4b - Other Adjustments: Reclass investment fees as expenses $104,339 Europe 6 Program services. Corporate citizenship initiatives and emerging public policy education issues. 219290 North America 3 Program services. Corporate citizenship initiatives and emerging public policy education issues. 49537 East Asia 0 Seminars and speaking engagements. Educate public on veteran civilian transition. 12116 0 9 0 0 0 9 280943 0 280943 0 0 0 0 0 0 Part I, line 3: Schedule F Part I We use the accrual method of accounting on all of our transactions. Part III Accounting Method: 1 Care One Medical Solutions LLC 1331 Union Ave Memphis TN 38104 814609272 10000 To aid a small business on the brink of financial catastrophe in an economically distressed area. Chamber of Commerce of the USA 1615 H St NW Washington DC 20062 530045720 501(c)(6) 14007431 Grant for the historic preservation of the U.S. Chamber of Commerce Building at 1615 H Street, NW Washington, DC, a registered historic landmark, in partnership with the National Trust for Historic Preservation. All payments under the grant must be for costs approved by the National Trust for Historic Preservation. This grant ensures that the public benefits from the historical and architectural value of the building. Daemarii's Unique Boutique LLC 2384 Ingleside Ave Macon GA 31204 471864491 10000 To aid a small business on the brink of financial catastrophe in an economically distressed area. GREATER HOUSTON PARTNERSHIP FOUNDATION 701 Avenida de las Americas Houston TX 77010 208179135 501(c)(3) 35000 Grant to support the conitnuation of TPM Upskill Academy in Texas IDAHO ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN INC 4355 W Emerald St Boise ID 83706 820409133 501(c)(3) 7000 Grant to support research and surveys on early education access IOWA ASSOCIATION OF BUSINESS AND INDUSTRY FOUNDATION 5525 Meredith Dr Des Moines IA 50310 421135283 501(c)(3) 7000 Grant to support a virtual series focused on early education access Luis Vazquez Investments Inc PO Box 192135 San Juan PR 00919 660681502 10000 To aid a small business on the brink of financial catastrophe in an economically distressed area. MB SWAYZE EDUCATIONAL FOUNDATION PO Box 23276 Jackson MS 392253276 640602140 501(c)(3) 7000 Grant to support a virtual event focused on early education access MERIDIAN INTERNATIONAL CENTER 1630 Crescent Place NW Washington DC 20009 530259663 501(c)(3) 25000 Sponsorship of Global Leadership Summit NATIONAL BLACK CHAMBER OF COMMERCE 601 Pennsylvania Ave NW Washington DC 20004 351889294 501(c)(3) 299000 Grant to serve as partner in the Coalition to Back Black Businesses program, supporting a collaboration of businesses to bring financial and capacity-building resources to bear against the disproportionate impact of COVID-19 on Black-owned small businesses across the U.S. NEW VISION SANTA ROSA FOUNDATION 50 Old Courthouse Square Santa Rose CA 95054 680074807 501(c)(3) 25000 Grant to support regional early education access SESSALY ROSE TRANSIT INC 1215 W Tharpe STREET Tallahassee FL 32303 593270438 10000 To aid a small business on the brink of financial catastrophe in an economically distressed area. SO OTHERS MIGHT EAT 60 O Street NW Washington DC 20001 237098123 501(c)(3) 10000 Sponsorship 50th Anniversary gala event ST JOHN'S CHURCH LAFAYETTE SQUARE 1525 H Street NW Washington DC 20005 530204597 501(c)(3) 10000 Donation to St. John's Church building fund TEAM PENNSYLVANIA 240 North Third Street Harrisburg PA 17101 232876177 501(c)(3) 7000 Grant to support the Early Learning Investment Commission's Early Learning Economic Summit THE ASIA FOUNDATION 465 California St San Francisco CA 94104 941191246 501(c)(3) 20000 Grant to support disaster risk reduction in Vietnam THE ENTERTAINMENT INDUSTRY FOUNDATION 10880 Wilshire Boulevard Los Angeles CA 90024 951644609 501(c)(3) 12500 Donation to support programs that facilitate positive social change THE LEUKEMIA & LYMPHOMA SOCIETY NATIONAL CAPITAL AREA CHAPTER 3601 Eisenhower Ave Alexandria VA 22303 135644916 501(c)(3) 10000 Sponsorship Leukemia Ball event THE NATIONAL BUSINESS LEAGUE INC 1001 Woodward Detroit MI 48226 731714404 501(c)(6) 299000 Grant to serve as partner in the Coalition to Back Black Businesses program, supporting a collaboration of businesses to bring financial and capacity-building resources to bear against the disproportionate impact of COVID-19 on Black-owned small businesses across the U.S. URBAN ALLIANCE FOUNDATION 2030 Q Street NW Washington DC 20009 521938443 501(c)(3) 30000 Sponsorship of high school internship program USBC ECONOMIC DEVELOPMENT CORPORATION 1001 Connecticut Ave NW Washington DC 20036 900899831 501(c)(3) 299000 Grant to serve as partner in the Foundation's Coalition to Back Black Businesses program, supporting a collaboration of business leaders to bring financial and capacity-building resources to bear against the disproportionate impact of COVID-19 on Black-owned small businesses across the U.S. WASHINGTON HUMANE SOCIETY 71 Oglethorpe St NW Washington DC 20011 530219724 501(c)(3) 10000 Sponsorship Bark Ball event 16 6 To support communities impacted by the pandemic by supporting small businesses in these communities. 5 50000 Grant to serve as partner in the Coalition to Back Black Businesses program, supporting a collaboration of businesses to bring financial and capacity-building resources to bear against the disproportionate impact of COVID-19 on Black-owned small businesses across the U.S. 1 299000 Part I, Line 2: The building grant to the Chamber of Commerce of the USA for historic preservation has an arms length agreement requiring specifically tracking appropriate costs. Formal transfer of funds occurs after a review and approval of costs involved between grantee and grantor to ensure they will be used for Section 501(c)(3) historical preservation purposes. In 2020, the US Chamber Foundation created two grant funds for small businesses in America's most economically distressed communities. These grant funds provide a lifeline for small businesses on the brink of financial catastrophe, with the mission being to prevent community deterioration. The U.S. Chamber of Commerce Foundation executes grant agreements for grants made to other 501c3 and 501c6 organizations. Each grant agreement includes a proposal outlining the program and activities the grant funds will be used for. Each agreement stipulates that funds must be spent on c3-appropriate activities and all expenditures must be properly documented. The Foundation supports a small number of charities tied to our purpose, strategic intent, or strategic priorities. These sponsorships focus on the community in which we live and work or are connected to our mission. X 1 1 0 0 0 0 0 0 0 1 0 Suzanne Clark President & Director 0 863509 0 3300000 0 2619 0 99825 0 34298 0 4300251 0 0 John Wood Gnl Cnsl & Secy 0 561763 0 600000 0 0 0 18525 0 27171 0 1207459 0 0 Stan Harrell CFO 0 515665 0 210000 0 0 0 261300 0 11749 0 998714 0 0 Carolyn Cawley Westermann Senior Vice President 381733 134122 0 80000 0 0 22145 7781 4079 1433 407957 223336 0 0 Eric Eversole Pres, HOH 328837 0 0 200000 3000 0 29925 0 4360 0 366122 200000 0 0 Kathryn Traver VP Operations, Asst Secy 198020 0 15000 0 0 0 185725 0 28709 0 427454 0 0 0 Cheryl Oldham SVP, Educ & Workf USCCF 0 269050 0 64790 0 0 0 30005 0 17343 0 381188 0 0 Ryan Meyers thru 920 Gnl Cnsl & Secy 0 228438 0 90000 0 20769 0 29925 0 3009 0 372141 0 0 Rebecca Mousseau Exec Dir, Corp Relations, 153876 0 0 0 30600 0 151575 0 27324 0 363375 0 0 0 Marc E DeCourcey SVP, CCC 237661 0 47150 0 1250 0 29279 0 23807 0 339147 0 0 0 Michael Carney SVP Emerging Issues 245332 0 0 0 20000 0 16889 0 33505 0 315726 0 0 0 Part I, Line 1a Social club dues are available to two of the executives listed in Part VII of the core form for business use only. Part I, Line 3 The US Chamber of Commerce Foundation relied on the Compensation and Succession Committee of a related organization. Total compensation is reviewed annually by an independent compensation consultant. The consultant prepares a compensation study primarily utilizing, as available, Form 990s and surveys of comparable organizations with similar responsibilities. Based on this information, total compensation is determined by the related organization's Compensation and Succession Committee on an annual basis for the US Chamber of Commerce Foundation's top official, who is not paid by the US Chamber of Commerce Foundation. Part I, Line 7 The US Chamber of Commerce Foundation's executive compensation is provided in the form of base salaries and performance based bonuses. The bonuses are contingent upon individual and organizational results and are not guaranteed in future years. Form 990, Part III, line 2 Grant for the historic preservation of the U.S. Chamber of Commerce Building at 1615 H Street, NW Washington, DC, a registered historic landmark, in partnership with the National Trust for Historic Preservation. This grant ensures that the public benefits from the historical and architectural value of the building. Form 990, Part IV Question 12 Auditing of financial statements The US Chamber of Commerce Foundation is a related organization within the consolidated financial statements of the US Chamber of Commerce. Schedule R lists some additional related organizations included in the US Chamber of Commerce consolidated financial statements. Form 990, Part IV Question 26 The receivable in Part X Line 6 is with the US Chamber of Commerce, which meets the definition of a disqualified person for the purposes of Line 6. However according to the Schedule L instructions, the Chamber does not meet the requirement of an interested person; thus, this receivable is not disclosed on Schedule L. Form 990 Part V Item 1a Number reported on 1096 US Chamber of Commerce Foundation is part of a consolidated treasury function with affiliated organizations where an affiliated organization, the Chamber of Commerce of the USA makes payments on behalf of the US Chamber of Commerce Foundation. The number in box 1a is the number of information returns filed by the Chamber of Commerce of the USA on behalf of the US Chamber of Commerce Foundation. Form 990 Part V Item 2a Number reported on W-3 US Chamber of Commerce Foundation is part of a consolidated payroll function where all payroll functions are handled by an affiliated organization, the Chamber of Commerce of the USA. The Chamber of Commerce of the USA is the statutory employer for the employees of the US Chamber of Commerce Foundation and pays compensation on behalf of the US Chamber of Commerce Foundation. The number in box 2a is the number of the US Chamber of Commerce Foundation's employees reported on Form W-3 by the Chamber of Commerce of the USA. Form 990, Part VI, Section A, line 2 Suzanne Clark has a business relationship with Stan M Harrell, Ryan Meyers, and Cheryl Oldham. Form 990, Part VI, Section A, line 6 The US Chamber of Commerce Foundation (USCCF) has one class of membership. The sole member of USCCF is the Chamber of Commerce of the USA. Form 990, Part VI, Section A, line 7a The sole member of the US Chamber of Commerce Foundation is the Chamber of Commerce of the USA, which has the right to elect or appoint a majority of members of the governing body of US Chamber of Commerce Foundation. Form 990, Part VI, Section A, line 7b The following actions require the prior written approval of the Member: 1 Amending the Certificate of Incorporation; 2 Amending or repealing the bylaws or adopting new bylaws; 3 Adopting an agreement of merger or consolidation; 4 Adopting a plan of wind-up and dissolution; 5 The sale, lease, transfer, or other disposition of all or any substantial part of the Corporation's assets or properties; and 6 The creation of a subsidiary or another related organization. Form 990, Part VI, Section B, line 11b The draft Form 990 was provided in advance to the Board of Directors and reviewed individually with each member prior to filing. The board receives the most recently completed tax return at the next regularly scheduled meeting. The 990 is reviewed by an independent accounting firm. Form 990, Part VI, Section B, line 12c We annually notify staff of the Standards of Conduct and Ethics policy, which includes a requirement that any transaction or relationship that is reasonably expected to give rise to an actual or apparent conflict of interest be brought to the attention of a supervisor, a senior manager in the Talent Solutions department or the Office of the General Counsel. In addition, we issue an annual written questionnaire to all members of the board of directors asking for information on potential conflicts of interest, which is gathered by the Chief Financial Officer. All reports of potential conflicts will be evaluated by the General Counsel in consultation with other senior management and staff, as appropriate. Any conflicts of interest involving board members or staff are resolved in accordance with the USCCF's conflicts of interest policies. Form 990, Part VI, Section B, line 15b Part VI Question 15a The top management official listed in Part VII, the President, is an employee of the Chamber of Commerce of the USA and is not compensated by the US Chamber of Commerce Foundation. Total compensation is reviewed by an independent compensation consultant. The consultant prepares a compensation study primarily utilizing, as available, Forms 990 and surveys of comparable organizations with similar positions. Based on this information, total compensation for the President is determined and approved by the Chamber of Commerce of the USA. Part VI Question 15b The process for determining total compensation for the two key employees, whose compensation is charged to the US Chamber of Commerce Foundation, is as follows. An independent compensation consultant provides supporting data and analysis to the US Chamber of Commerce Foundation's President and the Chamber of Commerce of the USA's Vice President, Talent Solutions who establishes job classifications and compensation ranges for all employees. Based on this information, individual total compensation is determined by the US Chamber of Commerce Foundation's President, and the Vice President, Talent Solutions on an annual basis. Form 990, Part VI, Section C, line 19 The Form 990 is made available to any member of the public who requests a copy. Any requestor is forwarded to the Administrative Director of Finance of the US Chamber of Commerce, who will forward a copy of the document to the requestor. The organization's governing documents and conflict of interest policy were made available during the filing period with the organization's Form 1023 which was filed on February 4, 2013. The organization's financial statements are not made available to the public but are reflected in the financial data of the Form 990. Form 990, Part IX, line 11g Policy and Research Consulting: Program service expenses 9775812. Management and general expenses 0. Fundraising expenses 199. Total expenses 9776011. Temp Salaries: Program service expenses 106882. Management and general expenses 0. Fundraising expenses 0. Total expenses 106882. Video production: Program service expenses 98642. Management and general expenses 0. Fundraising expenses 0. Total expenses 98642. Photographic services: Program service expenses 101030. Management and general expenses 0. Fundraising expenses 0. Total expenses 101030. Form 990, Part XI, line 9: Flow through loss from partnership investments 80101. Chamber of Commerce of the USA 1615 H St NW Washington DC 20062 530045720 An advocate for the nation's businesses to national leaders DC 501(c)(6) N/A N/A 0 Center for International Private Enterprise 1155 15th St NW Washington DC 20005 521398742 Promotes democracy through private enterprise and market reform. DC 501(c)(3) 7 Chamber of Commerce of the USA 0 USIBC Global Private Limited Jeevan Bharti Branch New Dehli New Dehli IN To enhance bilateral trade between India and USA IN C 0 The Madison County Record 1615 H St NW Washington DC 20062 201452063 Newspaper publishing IL C 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 Chamber of Commerce of the USA B 14007431 Actual expenses Chamber of Commerce of the USA S 235665 Calculated interest Chamber of Commerce of the USA N 2370000 Cost allocation discounted 33% Chamber of Commerce of the USA O 8558438 Actual salaries & benefit alloc Chamber of Commerce of the USA P 516530 Actual expenses Chamber of Commerce of the USA Q 185241 Alloc amt actual cost