2013-11-12T11:28:31-06:00 2012-12-31 346565596 Ernst and Young US LLP 111 Monument Circle Ste 2600 Indianapolis IN 46204 990 2012-01-01 530045720 Chamber of Commerce of the USA CHAM 2024635590 1615 H Street NW Washington DC 200622000 Stan M Harrell 2024635590 2013-11-12 1 Jennifer Rhoderick P00395735 3176817000 2012 2016-02-25 16:41:14Z Stan M Harrell 1615 H Street NW Washington DC 200622000 188706313 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. 138 134 463 0 0 0 137025565 179378925 2137020 2045463 1132730 8251 7077040 6942125 147372355 188374764 0 0 0 0 74675866 79528026 1233907 1126007 0 69785543 126673161 145695316 207327194 1677039 -18952430 113477015 79421634 142754745 138038999 -29277730 -58617365 X The Chamber of Commerce 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. 0 0 Research and track issues affecting the business community and support pro-business legislation, regulations, and political activities. Enhance the competitiveness of business in the global marketplace. Lobby for business' trade agendas and manage programs that educate American companies about trade opportunites. Work closely with associations and state and local chambers of commerce to build awareness of and involvement in top policy issues and generate grassroots momentum. Recruit and retain members and coordinate member relations. 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 1 0 0 0 0 1 1 1 1 0 1 373 0 1 463 1 1 1 1 IN 0 0 1 1 0 X 138 134 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 DC X Stan M Harrell 2024635590 1615 H Street NW Washington DC 200622000 David Adkisson 1.00 X 0 0 0 Harry C Alford 1.00 X 0 0 0 Anthony J Allott 1.00 X 0 0 0 Stewart Alvarez 1.00 X 0 0 0 John W Bachmann 1.00 X X 0 0 0 Charles E Barnes 1.00 X 0 0 0 Hector V Barreto 1.00 X 0 0 0 Lane Beattie 1.00 X 0 0 0 Sandra Beaty 1.00 X 0 0 0 Kathy G Beckett 1.00 X 0 0 0 Thomas D Bell 1.00 X X 0 0 0 Jorge L Benitez 1.00 X 0 0 0 Gary C Bhojwani 1.00 X 0 0 0 Daniel J Bryant 1.00 X 0 0 0 Chuck Brymer 1.00 X 0 0 0 John Cannon 1.00 X 0 0 0 Red Cavaney 1.00 X 0 0 0 Norman C Chambers 1.00 X 0 0 0 James W Cicconi 1.00 X 0 0 0 Ken W Cole 1.00 X 0 0 0 Kevin M Connelly 1.00 X 0 0 0 Adam Cooper 1.00 X 0 0 0 Charles Copeland 1.00 X 0 0 0 Donald L Correll 1.00 X 0 0 0 Joseph W Craft 1.00 X 0 0 0 S Dale 1.00 X 0 0 0 Nicholas J DeIuliis 1.00 X 0 0 0 Maura W Donahue 1.00 X X 0 0 0 Thomas J Donohue 40.00 3.00 X X 5452312 0 30385 Marcel Dubois 1.00 X 0 0 0 Michael L Ducker 1.00 X X 0 0 0 Carrie E Dwyer 1.00 X X 0 0 0 Patricia Elizondo 1.00 X 0 0 0 David R Emery 1.00 X 0 0 0 Daniel F Evans 1.00 X 0 0 0 Timothy C Everett 1.00 X 0 0 0 Robert D Fatovic 1.00 X 0 0 0 Patrick M Finken 1.00 X 0 0 0 Martin G Foster 1.00 X 0 0 0 Lynn L Franzoi 1.00 X 0 0 0 Mark D French 1.00 X 0 0 0 Craig L Fuller 1.00 X X 0 0 0 Walter J Galvin 1.00 X 0 0 0 William Garlough 1.00 X 0 0 0 Bruce A Gates 1.00 X 0 0 0 Thomas A Gottschalk 1.00 X 0 0 0 Ernest Green 1.00 X 0 0 0 Shannon L Greene 1.00 X 0 0 0 James M Guyette 1.00 X 0 0 0 Winthrop M Hallett 1.00 X 0 0 0 James L Hebe 1.00 X 0 0 0 Kevin Herglotz 1.00 X 0 0 0 James A Hixon 1.00 X 0 0 0 Scott L Holman 1.00 X 0 0 0 John L Hopkins 1.00 X 0 0 0 CA Howlett 1.00 X 0 0 0 Thomas Hutchison 1.00 X 0 0 0 Gregory Irace 1.00 X 0 0 0 Harold L Jackson 1.00 X 0 0 0 Donald M James 1.00 X 0 0 0 James M Jaska 1.00 X 0 0 0 Boland T Jones 1.00 X 0 0 0 Edward Jones 1.00 X 0 0 0 Jan L Jones 1.00 X 0 0 0 Paul W Jones 1.00 X 0 0 0 Fred Kaiser 1.00 X X 0 0 0 Jackson Kelly 1.00 X 0 0 0 Philip D Kennedy 1.00 X 0 0 0 David E Kepler 1.00 X 0 0 0 C Virginia Kirkpatrick 1.00 X 0 0 0 Paul J Klaassen 1.00 X 0 0 0 Klaus Kleinfeld 1.00 X 0 0 0 Laura Lane 1.00 X 0 0 0 Susan S Lanigan 1.00 X 0 0 0 Greg Lebedev 29.00 1.00 X 180000 0 1700 James B Lee 1.00 X 0 0 0 Michael A Leven 1.00 X 0 0 0 Stuart L Levenick 1.00 X 0 0 0 Larry A Liebenow 1.00 X 0 0 0 William G Little 1.00 X X 0 0 0 Christopher B Lofgren 1.00 X 0 0 0 Wes W Lucas 1.00 X 0 0 0 Tamara L Lundgren 1.00 X 0 0 0 Ted Mathas 1.00 X 0 0 0 Richard H McClure 1.00 X X 0 0 0 Thomas V McKernan 1.00 X 0 0 0 Richard L McNeel 1.00 X 0 0 0 James W Mendenhall 1.00 X 0 0 0 Rance C Miles 1.00 X 0 0 0 Darlene M Miller 1.00 X X 0 0 0 David L Miller 1.00 X 0 0 0 Robert S Milligan 1.00 X X 0 0 0 Dayton H Molendorp 1.00 X 0 0 0 Ronald T Monford 1.00 X 0 0 0 Maritza Montiel 1.00 X 0 0 0 David Muhlendorf 1.00 X 0 0 0 Terry F Neimeyer 1.00 X 0 0 0 Dennis E Nixon 1.00 X 0 0 0 Brian O'Hara 1.00 X 0 0 0 Patricia Owen 1.00 X 0 0 0 Daniel F Packer 1.00 X 0 0 0 Frederick D Palmer 1.00 X 0 0 0 Peter Paoli 1.00 X 0 0 0 David Peacock 1.00 X 0 0 0 Manuel J Perez de la Mesa 1.00 X 0 0 0 Wolfgang G Pordzik 1.00 X 0 0 0 Randal K Quarles 1.00 X 0 0 0 Jeffrey K Rageth 1.00 X 0 0 0 Martin H Richenhagen 1.00 X 0 0 0 Joseph M Rigby 1.00 X 0 0 0 James H Roberts 1.00 X 0 0 0 Tchad Robinson 1.00 X 0 0 0 James E Rogers 1.00 X 0 0 0 Matthew K Rose 1.00 X X 0 0 0 John Ruan III 1.00 X X 0 0 0 Edward B Rust 1.00 X X 0 0 0 Douglas A Sgarro 1.00 X 0 0 0 Gerald L Shaheen 1.00 X X 0 0 0 Donald J Shepard 1.00 X X 0 0 0 Rajendra Singh 1.00 X 0 0 0 Suzanne Sitherwood 1.00 X 0 0 0 Edgar L Smith 1.00 X 0 0 0 Paul S Speranza 1.00 X X 0 0 0 Eric A Spiegel 1.00 X 0 0 0 Charles R Stamp 1.00 X 0 0 0 Donald J Sterhan 1.00 X 0 0 0 Frank Sullivan 1.00 X 0 0 0 Brandon W Sweitzer 1.00 X 0 0 0 Thomas J Tauke 1.00 X 0 0 0 Gary J Taylor 1.00 X 0 0 0 Richard J Tobin 1.00 X 0 0 0 Mark S Towe 1.00 X 0 0 0 Leon Trammell 1.00 X 0 0 0 Robert N Trunzo 1.00 X 0 0 0 Harold Turner 1.00 X 0 0 0 Stephen R Van 1.00 X 0 0 0 Steve Van Andel 1.00 X X 0 0 0 Frank L VanderSloot 1.00 X 0 0 0 Roland H Vaughan 1.00 X 0 0 0 LeRoy Walker 1.00 X 0 0 0 Steven F Walker 1.00 X 0 0 0 Edward Wanandi 1.00 X 0 0 0 H Thomas Watkins 1.00 X 0 0 0 Mark E Watson 1.00 X 0 0 0 Robert C Weber 1.00 X 0 0 0 Ronald E Weinberg 1.00 X 0 0 0 Thomas J Wilson 1.00 X 0 0 0 Christopher C Womack 1.00 X 0 0 0 Joan Woodward 1.00 X 0 0 0 James M Wordsworth 1.00 X 0 0 0 Lily Fu Clafee 40.00 6.00 X 924278 0 24670 Stan M Harrell 40.00 7.00 X 623272 0 141481 David Chavern 40.00 5.00 X 1562190 0 91187 Shannon DiBari 40.00 4.00 X 587812 0 258348 Robert J Engstrom 40.00 X 452240 0 76980 Bruce Josten 40.00 X 1915563 0 242184 Agnes Warfield-Blanc 40.00 X 2923120 0 45156 Myron A Brilliant 40.00 X 965963 0 152968 Thomas J Collamore 40.00 1.00 X 1220066 0 46411 Carl N Grant 40.00 X 807119 0 61935 Karen A Harbert 40.00 X 901709 0 43113 David T Hirschmann 40.00 1.00 X 1014207 0 145006 Daniel Christman 1.00 X 150000 0 7900 19679851 0 1369424 153 1 1 0 Revolution Media 1020 Princess Street Alexandria VA 22314 Advertising services 23365676 Craft Media Digital 1600 K Street NW Washington DC 20006 Advertising services 8718330 Designated Market Media LLC 3299 K Street NW Washington DC 20007 Advertising services 8267709 Something Else Strategies LLC 112 Lantern Ridge Drive Easley SC 29642 Advertising services 2773205 Smart Media Group 814 King Street Alexandria VA 22314 Advertising services 2650000 78 499992 178878933 179378925 Sponsorships/royalties 711190 944354 944354 Meetings 900099 676149 676149 Publication sales 511190 406786 406786 Accreditation fees 541900 18174 18174 2045463 8251 8251 215891 200164 0 331549 215891 -131385 84506 84506 Affiliate admin charge 561000 6849732 6849732 Miscellaneous revenue 900099 7887 7887 6857619 188374764 8903082 0 92757 13998724 49839814 9496407 2553310 3639771 1835498 1844661 550575 13374864 1126007 9063113 57042380 5972827 8141151 7173811 9073062 4661772 1118645 3084369 Contr to other orgs 2784709 Bad debt expense 532000 Contr to affiliates 416974 Taxes 2750 207327194 55675130 29473560 10165552 27942164 30562131 38940 46595 1160871 1339223 42914810 24917129 18491914 17997681 2444 2444 113477015 79421634 16243585 20231208 27000 750 20260070 16540625 106224090 101266416 142754745 138038999 X -94562293 -127140984 65284563 68523619 -29277730 -58617365 113477015 79421634 X -18952430 -10387205 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53890623 53790623 100000 53890623 0 Parents for Education Reform PO Box 9925 Boise ID 83707 461035649 50000 Yes for Idaho Education PO Box 1697 Boise ID 83701 461117787 50000 0 0 1 167036815 103318189 -39075893 64242296 108115686 -43873390 Part IV, Supplemental Information: The Chamber engaged in public education activities in support of its mission, which includes advancing the interests and concerns of business, economic growth, and the free enterprise system. In pursuit of these goals, the Chamber spends funds directly, or works with other organizations with similar missions. 801756 801756 28271637 12786017 15485620 949321 799477 149844 5501913 4006355 1495558 7390183 7325280 64903 17997681 Accrued Actuarial Liabilities 77419216 Loans from related organizations 12409654 Intercompany accounting 11437546 101266416 X 249272011 1020661 68714129 69734790 179537221 8837543 8837543 188374764 267389486 1020661 67879176 68899837 198489649 8837545 8837545 207327194 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: FIN 48 footnote from 2012 audit: Management's analysis of uncertain tax positions as required under the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 740, Income Taxes, determined that the Chamber had no uncertain tax positions and as such, no liability has been recorded as of December 31, 2012 and 2011. Management does not anticipate any material changes in this position in the next 12 months. Part XI, Line 2d - Other Adjustments: Affiliated org rev consolidated for financial statement purpose $68,382,580 Rental expenses to line 6b on 990, $331,549 Rounding Part XI, Line 4b - Other Adjustments: Elimination entries $8,837,543 Part XII, Line 2d - Other Adjustments: Affiliated org exp consolidated for financial statement purpose $67,547,627 Rental Expenses to line 6b on 990, $331,549 Part XII, Line 4b - Other Adjustments: Elimination entries $8,837,543 Rounding $2 South Asia 1 17 Fundraising and programs services. Membership benefits. 288880 Europe 1 1 Member services in Europe. Business advocacy in Europe. 468485 East Asia and the Pacific 0 0 Seminars and speaking engagements. Business advocacy in East Asia. 741682 Europe 0 0 Seminars and speaking engagements. Business advocacy in Europe. 591254 South America 0 0 Seminars and speaking engagements. Business advocacy in South America. 217134 Middle East and North Africa 0 0 Seminars and speaking engagements. Business advocacy in the Middle East. 179672 South Asia 0 0 Seminars and speaking engagements. Business advocacy in South Asia. 155081 North America 0 0 Seminars and speaking engagements. Business advocacy in North America. 105098 Sub Saharan Africa 0 0 Seminars and speaking engagements. Business advocacy in Sub Saharan Africa. 40047 Central America and the Caribbean - 0 0 Seminars and speaking engagements. Business advocacy in Central America. 8553 Russia and the Newly Independent States 0 0 Seminars and speaking engagements. Business advocacy in Russia and the former USSR. 7908 East Asia and the Pacific 0 20 Program services. Policy analysis in East Asia. 517870 Europe 0 26 Program services. Policy analysis in Europe. 387824 North America 0 26 Program services. Policy analysis in North America. 163626 South America 0 21 Program services. Policy analysis in South America. 143143 Middle East and North Africa - 0 14 Program services. Policy analysis in Middle East. 140136 South Asia 0 22 Program services Policy analysis in South Asia 21350 Sub Saharan Africa 0 1 Program services Policy analysis in Africa. 11800 2 18 0 130 2 148 2747286 1442257 4189543 0 0 0 0 0 0 X X X X 1 Carol Hallett 1615 H ST NW Washington DC 20062 General fundraising 0 7600000 436711 7163289 R James Nicholson 1615 H ST NW Washington DC 20062 General fundraising 0 4000000 488031 3511969 Stacey Lukens 1615 H ST NW Washington DC 20062 General fundraising 0 3000000 201265 2798735 14600000 1126007 13473993 X X X X X 1 1 X X X X X 0 1 0 Thomas J Donohue 1053312 0 4250000 0 149000 0 15100 0 15285 0 5482697 0 0 0 Greg Lebedev 180000 0 0 0 0 0 1700 0 0 0 181700 0 0 0 Lily Fu Clafee 598341 0 300000 0 25937 0 16250 0 8420 0 948948 0 0 0 Stan M Harrell 396142 0 150000 0 77130 0 124400 0 17081 0 764753 0 0 0 David Chavern 497841 0 875000 0 189349 0 75700 0 15487 0 1653377 0 0 0 Shannon DiBari 296613 0 200000 0 91199 0 252800 0 5548 0 846160 0 0 0 Robert J Engstrom 275088 0 150000 0 27152 0 70900 0 6080 0 529220 0 0 0 Bruce Josten 592047 0 875000 0 448516 0 223200 0 18984 0 2157747 0 0 0 Agnes Warfield-Blanc 714392 0 2000000 0 208728 0 26250 0 18906 0 2968276 0 0 0 Myron A Brilliant 343365 0 475000 0 147598 0 133400 0 19568 0 1118931 0 0 0 Thomas J Collamore 493137 0 650000 0 76929 0 26250 0 20161 0 1266477 0 0 0 Carl N Grant 390942 0 300000 0 116177 0 42100 0 19835 0 869054 0 0 0 Karen A Harbert 396210 0 450000 0 55499 0 26250 0 16863 0 944822 0 0 0 David T Hirschmann 349261 0 525000 0 139946 0 141300 0 3706 0 1159213 0 0 0 Daniel Christman 150000 0 0 0 0 0 7900 0 0 0 157900 0 0 0 Part I, Line 1a Part I, Line 1a: Charter air travel is provided to two of the individuals listed, a portion of which is treated as taxable compensation. First class business travel is available to the President/CEO, and designated employees. Ten of the individuals listed in Part VII of the core form utilized first class travel at least once. Travel for companions is available for business purposes only, when companions are invited and expected to attend. Ten of the individuals listed in Part VII of the core form utilized travel for companions at least once. None of these are treated as taxable benefits. Gross up payments are added to supplemental pension benefits. These benefits are reported as taxable benefits and are available to all employees with compensation exceeding the ERISA limit. Social club dues are available to eight of the individuals listed in Part VII of the core form for business use only. They are not treated as taxable benefits. Chauffeur services are available to two of the individuals listed in Part VII of the core form for business use only. They are not treated as taxable benefits. Part I, Line 4b Supplemental Pension list: Robert Bruce Josten 445,636 Agnes Warfield 205,848 David Chavern 189,349 Myron Brilliant 144,718 David Hirschmann 137,066 Carl Grant 104,047 Shannon DiBari 88,319 Stan Harrell 74,250 Thomas Collamore 74,048 Karen Harbert 52,619 Robert Engstrom 24,272 Lily Fu Claffee 23,057 The Supplemental Pension Plan provides cash payments to participants based on a formula that coordinates with the benefits that cannot be paid by the Retirement Plan due to the qualified plan pay cap under the law. These benefits are calculated and paid annually; there is no deferred component. PEPCO Holdings Joseph M Rigby (Board member and an officer of Pepco) 484772 Electricity bills 0 Spencer Stuart Kevin M Connelly (Board member and an officer of Spencer Stuart) 364591 Executive search consulting services 0 Gregori Lebedev Consultant (Former board member) 180000 Provide advice on International Affairs 0 Leading Authorities Mark French (Board member and an officer of Leading Authorities) 162289 Provide speaker services. 0 Dan Christman Consultant (Former key employee) 150000 Provide advice on International Affairs 0 Form 990, Part VI, Section A, line 2 Thomas J Donohue, William G Little, and Paul J Klaasen all served on the Sunrise Senior Living Board in 2012. David Chavern and Donald J Shepard both served on the Aegon USA Board together in 2012. Thomas D Bell served as a director at Norfolk Southern Corporation while James A Hixon served as an officer in 2012 Form 990, Part VI, Section B, line 11 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 reviews the most recently completed tax return at each of its regularly scheduled meetings. 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 Human Resources department or the Office of 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's Ethics Officer, in consultation with other senior management and staff, as appropriate. Any conflicts of interest involving board members or staff that cannot be resolved in accordance with the Chamber's conflicts policies shall be elevated to the Chair of the Chamber's Audit Committee for further consideration and action. Form 990, Part VI, Section B, line 15 Part VI Question 15a The process for determining the total compensation of the President/CEO is as follows. The President/CEO has a written employment agreement with the Chamber. 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 U.S. Chamber's Employee Compensation and Benefit Arrangements 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 six individuals, who are direct reports of the President/CEO, 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. For the remaining six individuals, this consultant provides compensation information based on surveys of comparable organizations with similar positions. Based on this information, total compensation is determined by the President/CEO and the U.S. Chamber of Commerce's Employee Compensation and Benefit Arrangements Committee on an annual basis. Form 990, Part VI, Section C, line 19 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, 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 IV Question 12 Auditing of financial statements The U.S. Chamber of Commerce is the parent organization in the audited consolidated financial statements of the U.S. Chamber of Commerce. Schedule R lists additional related organizations included in these consolidated financial statements. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Minimum Pension Reserve Liability Adjustment $8,840,720 -8840720. Minimum Post Retirement Reserve Liability Adjustment $1,546,486 -1546486. Rounding $1 1. ChamberBiz 1615 H ST NW Washington DC 20062 541960202 Small business web portal (inactive) DC National Chamber Foundation 1615 H St NW Washington DC 20062 526073268 Promotes understanding of public affairs issues affecting business DC 501(c)(3) 7 Chamber of Commerce of the USA 1 Policy Forum Endowment Fund 1615 H St NW Washington DC 20062 454612611 Supporting organization for the benefit of NCF DE 501(c)(3) 11a National Chamber Foundation 1 Business Civic Leadership Center 1615 H St NW Washington DC 20062 522246743 The voice of business for social and philanthropic interests DC 501(c)(3) 7 N/A 1 Institute for a Competitive Workforce 1615 H St NW Washington DC 20062 521677141 Promotes education and workforce training DC 501(c)(3) 7 N/A 1 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 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 National Chamber Foundation O 2051012 Actual salaries & benefit alloc National Chamber Foundation N 399996 Cost allocation National Chamber Foundation Q 610606 Computation by agreement National Chamber Foundation E 111676 Calculated interest National Chamber Foundation B 100167 Actual expense Policy Forum Endowment Fund E 316094 Intercompany loan Business Civic Leadership Center O 1241669 Actual salaries & benefit alloc Business Civic Leadership Center N 250000 Alloc amt at 67% disc & act cost Business Civic Leadership Center Q 100000 Alloc amt at 67% disc & act cost Institute for a Competitive Workforce O 461315 Actual salaries & benefit alloc Institute for a Competitive Workforce N 110004 Alloc amt at 67% disc & act cost Institute for a Competitive Workforce Q 348560 Alloc amt at 67% disc & act cost