2021-11-09T11:46:01-06:00 2020-12-31 346565596 Ernst and Young US LLP 111 Monument Circle Ste 4000 Indianapolis IN 46204 990 2020-01-01 530045720 Chamber of Commerce of the USA CHAM 2024635590 1615 H Street NW Washington DC 200622000 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 Street NW Washington DC 200622000 229710724 0 X www.uschamber.com X 1915 DC To advance human progress through an economic, (Please see Schedule O for the continuation)political, and social system based on individual freedom, incentive, opportunity and responsibility. The Chamber of Commerce of the USA improves lives by advancing American business. We advocate for policies that help businesses create jobs and grow our economy. 112 111 436 120 335785 0 155880178 218102250 6231799 4735243 8 3516 11068800 6865296 173180785 229706305 0 0 0 0 90103971 95945207 550000 550000 0 80555893 72525502 171209864 169020709 1970921 60685596 70428409 108336026 94382881 76061590 -23954472 32274436 X The Chamber of Commerce of the USA serves its members and the nation's business community by analyzing national economic and social issues and by helping legislators and national leaders to shape policies and proposals to foster the development of American business. We advocate, connect, inform, and fight for business growth and America's success. We provide our members timely policy analysis and legal advice, connect them with leaders in business and government, and equip them with tools and resources to grow and succeed. We are their ally and champion on Capitol Hill, in the courts, in the state houses, and in markets around the world. 0 0 Foreign and domestic policy experts, lobbyists, and communicators advance the issues that matter to our members by working with partners in business and government, influencing public policymaking, and participating in the public debate. We foster relationships with international partners to enhance competitiveness in the global marketplace and strengthen the global economy. We advocate for open markets, a level playing field for American businesses, and strong, enforceable trade agreements. We work with state and local chambers and business associations in Washington and across the country to represent the breadth and diversity of American business. Together, we build awareness of business priorities and generate grassroots advocacy to influence public policy. 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 1 1 1 0 1 X 330 0 1 436 1 1 1 1 IN 0 0 1 1 0 1 0 X 112 111 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Stefan Freiberg 2024635590 1615 H Street NW Washington DC 200622000 Thomas J Donohue CEO/Director 40.00 1.00 X X 7104122 0 10167 Andy Abboud Director 1.00 X 0 0 0 Robert O Agbede Director 1.00 X 0 0 0 Lisa Larroque Alexander Director Beg 11/20 1.00 X 0 0 0 Mark Allen Director 1.00 X 0 0 0 Lee R Anderson Sr Director 1.00 X 0 0 0 Dennis Arriola Director 1.00 X 0 0 0 Richard H Bagger Director 1.00 X 0 0 0 Arnold Baker thru 1120 Director 1.00 X 0 0 0 Gene Barr Director 1.00 X 0 0 0 Hector V Barreto thru 1220 Director 1.00 X 0 0 0 Kathy G Beckett Director 1.00 X 0 0 0 John F Biagas Director 1.00 X 0 0 0 Rich Bielen Beg 320 Director 1.00 X 0 0 0 Jan Jones Blackhurst Director 1.00 X 0 0 0 Jim Brady Director 1.00 X 0 0 0 Kelly Brough Director 1.00 X 0 0 0 Michelle H Browdy Director 1.00 X 0 0 0 David G Brown Beg 320 Director 1.00 X 0 0 0 Zawadi Bryant Beg 320 Director 1.00 X 0 0 0 James M Carroll Director 1.00 X 0 0 0 Doug Cifu Director 1.00 X 0 0 0 Chris Clark Director 1.00 X 0 0 0 Rui Coelho Beg 620 Director 1.00 X 0 0 0 Ken W Cole Director 1.00 X 0 0 0 Joseph W Craft III Director 1.00 X 0 0 0 Bruce Culpepper Director 1.00 X 0 0 0 Mitch Delk Director 1.00 X 0 0 0 Brackett B Denniston III Director 1.00 X 0 0 0 Maura W Donahue Director 1.00 X 0 0 0 Michael L Ducker Director 1.00 X 0 0 0 Shawn Fagan Director 1.00 X 0 0 0 Terri Fariello Director 1.00 X 0 0 0 Robert D Fatovic thru 320 Director 1.00 X 0 0 0 Sean Finn Director 1.00 X 0 0 0 Michael Flannigan Director 1.00 X 0 0 0 Lisa Flavin Director 1.00 X 0 0 0 Wayne A I Frederick MD Director 1.00 X 0 0 0 Lance M Fritz Director 1.00 X 0 0 0 Robert Funck Director 1.00 X 0 0 0 John E Gallina Director 1.00 X 0 0 0 HP Goldfield Director 1.00 X 0 0 0 Bruce Grewcock Director 1.00 X 0 0 0 Glenn Hamer Director 1.00 X 0 0 0 Eric Hammes Director 1.00 X 0 0 0 Eric Hansotia Beg 620 Director 1.00 X 0 0 0 John E Harmon Sr IOM Director Beg 11/20 1.00 X 0 0 0 John L Hopkins Director 1.00 X 0 0 0 Hon David Jacobson Director 1.00 X 0 0 0 Elliot J Jaffee Director 1.00 X 0 0 0 Stephen Johnson Director 1.00 X 0 0 0 Denise Johnson Beg 320 Director 1.00 X 0 0 0 JJ Johnson Director 1.00 X 0 0 0 Paula Johnson Director 1.00 X 0 0 0 Robert Jones Director 1.00 X 0 0 0 Natalie Kaddas Beg 320 Director 1.00 X 0 0 0 Fred Kaiser Director 1.00 X 0 0 0 Raymond F Kerins Jr Director 1.00 X 0 0 0 Larry Kidd Director 1.00 X 0 0 0 Steve Kirby Director 1.00 X 0 0 0 Paul Klaassen Director 1.00 X 0 0 0 Edward Knight Beg 320 Director 1.00 X 0 0 0 Jessie J Knight Jr Director 1.00 X 0 0 0 Karen Knutson Beg 1120 Director 1.00 X 0 0 0 Cristen Kogl Beg 1120 Director 1.00 X 0 0 0 Bob Kramer Director 1.00 X 0 0 0 Laura Lane Director 1.00 X 0 0 0 Chris Leahy Beg 320 Director 1.00 X 0 0 0 Greg Lebedev Director 1.00 X 0 0 0 Peter Levesque Beg 1120 Director 1.00 X 0 0 0 William G Little Director 1.00 X 0 0 0 Christopher B Lofgren PhD Chair/Director 1.00 X 0 0 0 Tamara L Lundgren Director 1.00 X 0 0 0 Andrew D Lundquist Director 1.00 X 0 0 0 Sharon Marcil Beg 620 Director 1.00 X 0 0 0 Phillip R May Director 1.00 X 0 0 0 Ed McCoy Director 1.00 X 0 0 0 James W Mendenhall Director 1.00 X 0 0 0 Sherry Menor-McNamara Director 1.00 X 0 0 0 Rance C Miles Director 1.00 X 0 0 0 George Nichols III Director 1.00 X 0 0 0 C Howard Ward Nye Director 1.00 X 0 0 0 Brian O'Hara Director 1.00 X 0 0 0 Karen M Olson Beenken Director 1.00 X 0 0 0 Mark S Ordan Vice Chair/Director 1.00 X 0 0 0 Louie Pastor Director 1.00 X 0 0 0 H Ross Perot Jr Beg 620 Director 1.00 X 0 0 0 Mark Rourke Director 1.00 X 0 0 0 Matthew K Rose thru 120 Director 1.00 X 0 0 0 John Ruan III Director 1.00 X 0 0 0 Edward B Rust Jr Director 1.00 X 0 0 0 Susan Sachatello thru 120 Director 1.00 X 0 0 0 James Schenck Director 1.00 X 0 0 0 Tracy G Schmidt Director 1.00 X 0 0 0 Gerald L Shaheen Treasurer/Director 1.00 X 0 0 0 Matt Shay Director 1.00 X 0 0 0 Eric Silagy Director 1.00 X 0 0 0 Raj Singh Director 1.00 X 0 0 0 Christel Slaughter PhD Director 1.00 X 0 0 0 Charles R Stamp Jr Director thru 1/20 1.00 X 0 0 0 John Stephens Director 1.00 X 0 0 0 Frank Sullivan Director 1.00 X 0 0 0 David Thorne Director 1.00 X 0 0 0 Ralph de la Torre Director 1.00 X 0 0 0 Maxine Turner Director 1.00 X 0 0 0 Joseph B Ucuzoglu thru 1120 Director 1.00 X 0 0 0 Steve Van Andel Director 1.00 X 0 0 0 Frank L VanderSloot Director 1.00 X 0 0 0 Ray Wagner Director 1.00 X 0 0 0 Todd Walker Director 1.00 X 0 0 0 Edward Wanandi thru 620 Director 1.00 X 0 0 0 Gretchen Watkins Beg 1120 Director 1.00 X 0 0 0 Mark E Watson III Director 1.00 X 0 0 0 Amy Wilson Director 1.00 X 0 0 0 Mark Wilson Director 1.00 X 0 0 0 Thomas J Wilson Director 1.00 X 0 0 0 Heather Wingate Director 1.00 X 0 0 0 Christopher C Womack Director 1.00 X 0 0 0 Allen Wright thru 820 Director 1.00 X 0 0 0 Elanna S Yalow PhD MBA Director 1.00 X 0 0 0 Michael A Zarcone Director 1.00 X 0 0 0 Suzanne P Clark President 38.00 2.00 X 4166128 0 134123 John Wood SVP, Gnl Cnsl/CLO & Secry 20.00 5.00 X 1161763 0 45696 Stan M Harrell SVP & CFO 40.00 1.00 X 725665 0 273049 Agnes Warfield-Blanc EVP, Dev and Fund 40.00 X 3515307 0 60332 Myron Brilliant EVP & Head Intl 40.00 1.00 X 1910714 0 343323 Justin Waller CMO & SVP, Ops 40.00 1.00 X 1267968 0 39773 Neil Bradley EVP & Chief Policy Officer 40.00 X 1163510 0 56220 Harold Kim President of ILR 40.00 X 206478 0 9555 David T Hirschmann Pres/CEO, CCMC/GIPC/C_Tec 40.00 X 1721727 0 337686 Michelle Russo Chief Comms Officer 40.00 X 962007 0 58115 Martin Durbin Pres, GEI & SVP Policy 40.00 X 788837 0 45598 Robert Schroder SVP Intl Affairs 40.00 X 708068 0 59233 Thomas Quaadman EVP, CCMC, Sr Advisor to SVP 40.00 X 699912 0 63369 26102206 0 1536239 228 0 1 0 Revolution Agency 1020 Princess Street Alexandria VA 22314 Advertising services 1253211 Accenture LLP 161 N Clark St Chicago IL 60601 IT consulting services 996569 Lockton Companies LLC PO Box 3207 Boston MA 02241 Insurance services 823188 Mayer Brown 1999 K St NW Washington DC 20006 Legal and policy analysis services 801728 Carol Hallett 1615 H St NW Washington DC 20006 Mgmt advice, fundraising 550000 63 4727259 14007431 199367560 218102250 Sponsorships/royalties 900099 3444116 3444116 Accreditation fees 541900 653237 653237 Sales promotion effort 900099 235030 235030 Publication sales 511190 195040 195040 Meetings 900099 107065 107065 100755 100755 4735243 3516 3516 170006 4419 0 4419 170006 0 170006 170006 Affiliate admin charge 561000 6628908 6628908 Miscellaneous revenue 900099 66382 66382 6695290 229706305 11094748 335785 173522 20974162 61235556 8654075 5081414 1694502 867401 672694 6923035 550000 113 9991311 15377517 3577494 6850414 8037348 1553930 2093169 1148612 1467561 Contr to other orgs 7098759 Taxes 2794136 Bad debt expense 1563501 Investment write off 814005 169020709 11982718 26175154 1209 48324961 59733249 172248 497591 2535150 2014863 53564148 36655298 7412123 16908850 3006319 70428409 108336026 30244802 28339677 1085417 212500 63052662 47509413 94382881 76061590 X -107714472 -95844564 83760000 128119000 -23954472 32274436 70428409 108336026 X 60685596 2916 -4459604 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15503818 11885818 3618000 15503818 1 Republican State Leadership Committee 1201 F Street NW Washington DC 20004 050532524 1404000 Republican Attorney General Association 1747 Pennsylvania Ave NW Washington DC 20006 464501717 500000 Standing with Conservatives 228 S Washington St Alexandria VA 22314 851622337 100000 0 0 1 178782674 69998799 -34897139 35101660 57799695 -22698035 Part I-A and Part I-C The Chamber of Commerce of the USA engaged in public education activities in support of its mission, which includes advancing the interests of business. In pursuit of these goals, the Chamber spends funds directly, or works with other organizations with similar missions. 801756 801756 43708196 27601102 16107094 904921 904921 0 4900533 4900533 0 3248742 3248742 0 16908850 Accrued Actuarial Liabilities 44572422 Intercompany accounting 2936991 47509413 X 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 Topic (ASC) 740, Income Taxes, determined that the Chamber and its affiliates 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 the Chamber and its affiliates are no longer subject to income tax examinations for years prior to 2017. South Asia 0 11 Program services. Policy analysis in South Asia 183632 South Asia 0 1 Fundraising and program services. Membership benefits. 1112442 Europe 0 0 Seminars and speaking engagements. Business advocacy in Europe. 239558 East Asia and the Pacific 0 0 Seminars and speaking engagements. Business advocacy in East Asia. 21041 Middle East and North Africa 0 0 Seminars and speaking engagements. Business advocacy in the Middle East. 50113 South Asia 0 0 Seminars and speaking engagements. Business advocacy in South Asia. 79801 South America 0 0 Seminars and speaking engagements. Business advocacy in South America. 22532 North America 0 0 Seminars and speaking engagements. Business advocacy in North America. 26228 Sub Saharan Africa 0 0 Seminars and speaking engagements. Business advocacy in Sub Saharan Africa. 3954 East Asia and the Pacific 0 13 Program services. Policy analysis in East Asia. 157218 Europe 0 17 Program services. Policy analysis in Europe. 531411 South America 0 7 Program services. Policy analysis in South America. 76216 Central America and the Caribbean - 0 0 Seminars and speaking engagements. Business advocacy in Central America and Carribean. 5948 North America 0 8 Program services. Policy analysis in North America. 85634 0 12 0 45 0 57 1735347 860381 2595728 1 0 1 0 0 1 Part I, line 3: Schedule F Part I We use the accrual method of accounting on all of our transactions. Part III Accounting Method: X X X X 1 Carol Hallett 1615 H ST NW Washington DC 20062 General fundraising 0 4647627 550000 4097627 4647627 550000 4097627 X X X X 1 1 X X X X X X 0 0 0 Thomas J Donohue CEO/Director 1088020 0 5950000 0 66102 0 600 0 9567 0 7114289 0 0 0 Suzanne P Clark President 863509 0 3300000 0 2619 0 99825 0 34298 0 4300251 0 0 0 Agnes Warfield-Blanc EVP, Dev and Fund 735307 0 2780000 0 0 0 29925 0 30407 0 3575639 0 0 0 Myron Brilliant EVP & Head Intl 610714 0 1300000 0 0 0 313000 0 30323 0 2254037 0 0 0 David T Hirschmann Pres/CEO, CCMC/GIPC/C_Tec 621727 0 1100000 0 0 0 334200 0 3486 0 2059413 0 0 0 Justin Waller CMO & SVP, Ops 542968 0 725000 0 0 0 29925 0 9848 0 1307741 0 0 0 Neil Bradley EVP & Chief Policy Officer 613510 0 550000 0 0 0 29002 0 27218 0 1219730 0 0 0 John Wood SVP, Gnl Cnsl/CLO & Secry 561763 0 600000 0 0 0 18525 0 27171 0 1207459 0 0 0 Michelle Russo Chief Comms Officer 612007 0 350000 0 0 0 29925 0 28190 0 1020122 0 0 0 Stan M Harrell SVP & CFO 515665 0 210000 0 0 0 261300 0 11749 0 998714 0 0 0 Martin Durbin Pres, GEI & SVP Policy 558837 0 230000 0 0 0 16160 0 29438 0 834435 0 0 0 Robert Schroder SVP Intl Affairs 403068 0 305000 0 0 0 29925 0 29308 0 767301 0 0 0 Thomas Quaadman EVP, CCMC, Sr Advisor to SVP 474912 0 225000 0 0 0 29925 0 33444 0 763281 0 0 0 Harold Kim President of ILR 206478 0 0 0 0 0 0 0 9555 0 216033 0 0 0 Part I, Line 1a Charter air travel is provided to one of the executives listed; a portion of which is treated as taxable compensation. Two of the executives listed in Part VII of the core form utilized travel for companions at least once, a portion of which is treated as taxable compensation. Social club dues are available to five of the executives listed in Part VII of the core form for business use only. Chauffeur services are available to two of the executives listed in Part VII of the core form; a portion of which is treated as taxable compensation. Part I, Line 3 The Chamber of Commerce of the USA relied on its Compensation and Succession Committee that used the methods described in the Schedule O section for Part VI Question 15a to establish the top management official's compensation. Schedule B number 11 Substantial contributor 996569 See Part V IT consulting services 0 Schedule B number 40 Substantial contributor 345492 See Part V Public policy consulting 0 Schedule B number 43 Substantial contributor 183134 See Part V Public relations and comms svcs 0 Schedule B number 417 Substantial contributor 425423 See Part V Accounting and mgmt svcis 0 Schedule B number 562 Substantial contributor 118825 See Part V Legal services 0 Schedule B number 564 Substantial contributor 295698 See Part V Policy Legal services 0 Schedule B number 645 Substantial contributor 131316 See Part V Policy Legal services 0 Schedule B number 708 Substantial contributor 753388 See Part V Policy Legal services 0 Schedule B number 710 Substantial contributor 370000 See Part V Legal services 0 Schedule B number 754 Substantial contributor 320755 See Part V Legal services 0 Schedule B number 994 Substantial contributor 190359 See Part V Public policy consulting 0 Schedule B number 997 Substantial contributor 410063 See Part V Public policy consulting 0 Schedule B number 1003 Substantial contributor 321555 See Part V Public policy consulting 0 Schedule B number 1099 Substantial contributor 823188 See Part V Insurance Services 0 Schedule B number 1219 Substantial contributor 322133 See Part V Policy & Legal services 0 Form 990, Part IV Question 12 Auditing of financial statements The Chamber of Commerce of the USA is the parent organization in the audited consolidated financial statements of the Chamber of Commerce of the USA. Schedule R lists additional related organizations included in these consolidated financial statements. Form 990 Part V Item 1a Number reported on 1096 Chamber of Commerce of the USA is part of a consolidated treasury function with affiliated organzations. The Chamber of Commerce of the USA handles these consolidated payments. The number in box 1a relates to the 1099s that the Chamber of Commerce of the USA would have issued without participating in a consolidated treasury function. Form 990 Part V Item 2a Number reported on W-3 Chamber of Commerce of the USA is part of a consolidated payroll function wtih affiliated organizations. The Chamber of Commerce of the USA handles these consolidated payments. The number in box 2a relates to the W-2s that the Chamber of Commerce of the USA would have issued without participating in a consolidated payroll function. Form 990, Part VI, Section A, line 2 Suzanne Clark and Greg Lebedev have a family relationship. Form 990, Part VI, Section A, line 4 Below are brief summaries of the material amendments to the Chamber's bylaws. Art. I, Sec. 1: Clarifies that membership under subsection (d) includes all forms of business entities and other privately-owned entities. Art. II, Sec. 2: Removes the requirement that all members are eligible for membership on all Chamber standing and special committees. Art. II, Secs. 4 and 5: Removes the requirement that the Board have exclusive authority to approve applicants for membership, and allows Chamber management, in addition to the Board, to set dues amounts. Art. III, Secs. 1 and 2: Deletes reference to the Chair of the Executive Committee consistent with the change in Art. III, Sec. 9 combining that position with the Chair of the Board, and also removes the positions of Regional Vice Chair as officers. Art. III, Sec. 6: Requires that the CEO be appointed by the Chair of the Board with the approval of the Executive Committee. Removes as eligible for the CEO search committee other Directors as approved by the Executive Committee so as to limit the search committee only to members of the Compensation and Succession Committee. Requires that the Executive Committee set the term of the CEO. Art. III, Sec. 9: States that the Chair of the Board shall also serve as the Chair of the Executive Committee and allows the Chair of the Board to preside over meetings of other administrative committees in the absence of the chairs of those other committees. Also limits the term of Chair of the Board to two one-year terms. Art. III, Sec. 10: Adds to the duties of the Vice Chair of the Board supporting the Regional Vice Chairs. Also limits the term of Vice Chair of the Board to two one-year terms. Art. III, Sec. 13: Deletes the position of Chair of the Executive Committee consistent with the change in Art. III, Sec. 9 combining that position with the Chair of the Board. Art. IV, Secs. 1 and 2: Replaces the Senior Council with a Leadership Council comprising Board members representing the diverse stakeholders of the Chamber, including former Chairs of the Board and Regional Vice Chairs. Requires that the chair and members of the Leadership Council be nominated by the Nominating and Governance Committee and elected by the Executive Committee. Clarifies that the role of the Leadership Council is to advise the Board officers and Chamber executive leadership and does not have a governance role. Art. V, Sec. 1: Clarifies that the CEO of the Chamber is a standing member of the Board of Directors and deletes reference to the Chair of the Executive Committee consistent with the change in Art. III, Sec. 9 combining that position with the Chair of the Board. Art. VI, Sec. 1: Removes the requirements that: i) at least 25 members of the Board be elected each year, ii) two-thirds of the Board approve a change in the number of directors, and iii) at least one member be elected from each election district. Also requires that Directors represent the diversity of Chamber membership. Art. VI, Sec. 4: Removes from the term limit of Directors the exception for time serving on the Leadership Council. Art. VI, Sec. 5: Creates the roles of Regional Vice Chairs, which are elected annually by the Board from among the Directors, because that role was removed from the section regarding Officers. Removes the requirement that two-thirds of the Board approve changes in election districts and conforms the election districts to the Chamber's Regional Vice Chair regions. Art. VII, Sec. 2: Deletes reference to the Chair of the Executive Committee consistent with the change in Art. III, Sec. 9 combining that position with the Chair of the Board. Art. VIII, Sec. 1: Defines the standing committees of the Board of Directors as the Executive Committee, the Nominating and Governance Committee, the Audit Committee, and the Compensation and Succession Committee, and permits the Chair of the Board, with the approval of the full Board, to appoint other special committees. Removes reference to the appointment and duties of the Executive Committee, which are provided in Art. VIII, Sec. 2. Requires that all committees have charters approved by the Board. Limits the terms of service on the standing committees to six one-year terms, except that service on standing committees by virtue of being the Chair of the Board, Vice Chair of the Board, immediate past Chair of the Board, or a chair of a standing committee does not count against the six one-year term limit. Art. VIII, Sec. 2: Limits the Executive Committee to approximately 15 members of the Board. Establishes the required members of the Executive Committee as: the Chair of the Board, the CEO, the Vice Chair of the Board, the immediate past Chair of the Board, the Treasurer, and the chairs of the standing committees. Allows the Chair of the Board, with approval of the Board, to appoint to the Committee other members of the Board representing key constituencies or as deemed appropriate. Deletes the requirement that the immediate past Chair of the Board serve as chair of the Executive Committee consistent with the change in Art. III, Sec. 9 combining that position with the Chair of the Board. Adds to the duties of the Executive Committee matters relating to the mission and purpose of the Chamber. Art. VIII, Sec. 3: Adds the requirement that the Nominating and Governance Committee nominate its own chair and members, and that the Executive Committee elects the chair and members. Art. VIII, Sec. 5 (former Sec. 6): Changes the process for appointment of the chair and members of the Audit Committee to nomination by the Nominating and Governance Committee and election by the Executive Committee. Art. VIII, Sec. 6 (former Sec. 7): Limits the Compensation and Succession Committee to no more than six members. Establishes the required members of the Committee as the Chair of the Board, Vice Chair of the Board, immediate past Chair of the Board, and other members of the Board that bring expertise to the Committee. Changes the process for appointment of the chair and members of the Committee to nomination by the Nominating and Governance Committee and election by the Executive Committee. Clarifies that the Committee has sole authority to review the performance and determine the compensation of the CEO. Form 990, Part VI, Section B, line 11b In accordance with the Audit Committee charter, the draft Form 990 was provided in advance to the Audit Committee members, and reviewed individually with each member prior to filing. The Audit Committee performs this function pursuant to a delegation from the Board of Directors. 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 Chief Legal Officer and General Counsel, who serves as the Chamber of Commerce of the USA's Ethics Officer, 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 Chamber of Commerce of the USA's conflicts of interest policies. Form 990, Part VI, Section B, line 15 Part VI Question 15a The process for determining the total compensation of the CEO is as follows. The CEO has a written employment agreement with the Chamber of Commerce of the USA. Total compensation is reviewed annually 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 is determined by the Chamber of Commerce of the USA's Compensation and Succession Committee on an annual basis. Part VI Question 15b The process for determining total compensation for the officers, key employees, and highly compensated employees is as follows: For the individuals listed in Part VII, 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 individuals reporting to the CEO is determined and approved by the CEO and the Chamber of Commerce of the USA's Compensation and Succession Committee. Total compensation for individuals reporting to the President is determined and approved by the President, the SVP for Operations and Chief Marketing Officer, the Vice President, Talent Solutions and the Chamber of Commerce of the USA's Compensation and Succession Committee. Finally, compensation for other individuals is determined utilizing market data, and approved by their supervisor and the Vice President, Talent Solutions. 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 Chamber of Commerce of the USA, who will forward a copy of the document to the requestor. The organization's governing documents, conflict of interest policy, and financial statements are not made available to the public. Form 990, Part XI, line 9: Minimum Pension Reserve Liability Adjustment -3479248. Minimum Post Retirement Reserve Liability Adjustment -1074049. USIBC Global Private Ltd Results (Seperate foreign corporation) 93693. ChamberBiz 1615 H ST NW Washington DC 20062 541960202 Small business web portal (inactive) DC 0 0 Chamber of Commerce of the USA CC1 LLC 1615 H ST NW Washington DC 20062 813401471 To enhance bilateral trade between India and USA DE 4489568 0 Chamber of Commerce of the USA CC2 LLC 1615 H ST NW Washington DC 20062 813413687 Holding company for Indian Company DE -300 1537 Chamber of Commerce of the USA Article III Films LLC 1615 H ST NW Washington DC 20062 263139751 Film Production DE 0 0 Chamber of Commerce of the USA US Chamber of Commerce Foundation 1615 H St NW Washington DC 20062 461561597 Promotes understanding of public affairs issues affecting business DE 501(c)(3) 7 Chamber of Commerce of the USA 1 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 1 USIBC Global Private Limited Jeevan Bharti Branch New Dehli New Dehli IN To enhance bilateral trade between India and USA IN CC2 LLC C 1112442 150702 1.00000 1 Madison County Record 1615 H St NW Washington DC 20062 201452063 Newspaper publishing IL Chamber of Commerce of the USA C 76759 1493 1.00000 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 Center for International Private Enterprise Q 1961766 Reimb for benefits costs US Chamber of Commerce Foundation C 14007431 Actual expense US Chamber of Commerce Foundation R 235665 Calculated interest US Chamber of Commerce Foundation N 2370000 Cost allocation discounted 33% US Chamber of Commerce Foundation O 8558438 Actual salaries & benefit alloc US Chamber of Commerce Foundation Q 516530 Actual expense US Chamber of Commerce Foundation P 185241 Alloc amt actual cost USIBC Global Private Limited M 1112442 Purchase of svcs plus 9% fee Madison County Record B 814005 Actual expense