Public Charity

NORTH CAROLINA CHAMBER FOUNDATION

Based in RALEIGH, NC, NORTH CAROLINA CHAMBER FOUNDATION operates as a Public Charity. The organization reported $3.3M in revenue, $1.2M in expenses, $7.6M in total assets for fiscal year 2024. Imperigo tracks 14 reported grant relationships connected to this organization totaling approximately $4.4M.

EIN: 561918853 RALEIGH, NC Substance Abuse Prevention NTEE: F21 Latest filing: 2024
Total Revenue$3.3M
Total Expenses$1.2M
Total Assets$7.6M
Grant Records14
Funding Total$4.4M
Filing Years2019–2024

Mission

THE PURPOSE AND MISSION OF THE ORGANIZATION IS TO PROMOTE THE SOCIAL WELFARE OF THE STATE OF NORTH CAROLINA AND ITS CITIZENS BY IDENTIFYING, INVESTIGATING, STUDYING, RESEARCHING, AND ANALYZING IN A NONPARTISAN MANNER THE FACTORS THAT ENHANCE THE BUSINESS CLIMATE, WORKFORCE DEVELOPMENT, AND QUALITY OF LIFE OF THE STATE, INCLUDING THE PROSPECTS FOR THE CREATION AND RETENTION OF JOBS FOR THE STATE'S CITIZENS, AND EDUCATING AND INSTRUCTING THE BUSINESS COMMUNITY AND GENERAL PUBLIC BY DISSEMINATING AND PUBLISHING THE KNOWLEDGE GAINED AS A RESULT OF THOSE ACTIVITIES. THE ORGANIZATION WILL NOT DIRECT ITS EFFORTS OR EXPEND FUNDS IN MAKING ANY LEGISLATIVE RECOMMENDATIONS, PREPARING PROSPECTIVE LEGISLATION, OR CONTACTING LEGISLATORS OR OTHER ELECTED OFFICIALS FOR THE PURPOSE OF INFLUENCING LEGISLATION.

Where $100 goes at North Carolina Chamber Foundation

How North Carolina Chamber Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$80 Programs the work itself
$20 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $80 for programs

$80
Proactively deliver pro-business solutions for north carolina's most daunting economic challenges to effectively produce meaningful outcomes
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Dale Jenkins
BOARD MEMBER Derek B Steed
BOARD MEMBER Dr Tunde Sotunde Md Mba Faap
CHAIR Frank Holding
BOARD MEMBER Gary J Salamido Ms
BOARD MEMBER Indira Everett

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$2,973,334 10 grants
Health & Medicine
$150,000 1 grant
Education
$35,000 1 grant
Unspecified
$1,225,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $3.3M $1.2M $7.6M
2023 $2.7M $1.7M $5.5M
2022 $-13K $765K $3.6M
2020 $1.3M $828K $5.0M
2019 $370K $622K $4.2M

Between 2019 and 2024, reported annual revenue grew from $370K to $3.3M (+791%), with total assets most recently reported at $7.6M.

Interactive year-over-year charts and full filing details available with membership.

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