Civic Intelligence

The Virginia Chamber Foundation

990 • Fiscal year 2017 • EIN 51-0193842

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 30, 2018

Organization ProfileWWW.VACHAMBER.COM/FOUNDATION
919 E Main St Ste 900Richmond, VA 23219

(804) 644-1607

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.16x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

55th percentile

5.4%

Higher net margin than 55% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

99th percentile

$544,996

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 83.1% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

94th percentile

102%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

2.1%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$35,578

Up $17,963 (+102%) from 2016

Net Assets

Up

$29,772

Up $35,526 (+617%) from 2016

Liabilities

Down

$5,806

Down $17,563 (-75%) from 2016

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin55th percentile

Revenue

Up

$655,900

Up $13,400 (+2.1%) from 2016

Expenses

Down

$620,374

Down $43,016 (-6.5%) from 2016

Net Income

Up

$35,526

Up $56,416 (+270%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2015: $24,096Liabilities 2015: $8,960Net Assets 2015: $15,1362015Assets 2016: $17,615Liabilities 2016: $23,369Net Assets 2016: -$5,7542016Assets 2017: $35,578Liabilities 2017: $5,806Net Assets 2017: $29,7722017Assets 2018: $34,759Liabilities 2018: $0Net Assets 2018: $34,7592018Assets 2019: $31,380Liabilities 2019: $0Net Assets 2019: $31,3802019Assets 2020: $111,056Liabilities 2020: $0Net Assets 2020: $111,0562020Assets 2021: $794,871Liabilities 2021: $0Net Assets 2021: $794,8712021Assets 2022: $406,441Liabilities 2022: $3,894Net Assets 2022: $402,5472022Assets 2023: $707,964Liabilities 2023: $158,649Net Assets 2023: $549,3152023Assets 2024: $596,394Liabilities 2024: $351,280Net Assets 2024: $245,1142024

Highlighted filing

2017

Assets$35,578
Liabilities$5,806
Net Assets$29,772
Open 2017 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2015: $577,600Expenses 2015: $562,464Net Income 2015: $15,1362015Revenue 2016: $642,500Expenses 2016: $663,390Net Income 2016: -$20,8902016Revenue 2017: $655,900Expenses 2017: $620,374Net Income 2017: $35,5262017Revenue 2018: $678,000Expenses 2018: $673,013Net Income 2018: $4,9872018Revenue 2019: $754,000Expenses 2019: $757,379Net Income 2019: -$3,3792019Revenue 2020: $751,250Expenses 2020: $671,574Net Income 2020: $79,6762020Revenue 2021: $1,575,736Expenses 2021: $891,921Net Income 2021: $683,8152021Revenue 2022: $1,076,070Expenses 2022: $1,468,394Net Income 2022: -$392,3242022Revenue 2023: $1,657,905Expenses 2023: $1,511,137Net Income 2023: $146,7682023Revenue 2024: $1,550,702Expenses 2024: $1,854,903Net Income 2024: -$304,2012024

Highlighted filing

2017

Revenue$655,900
Expenses$620,374
Net Income$35,526
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 30, 2018
Return Version
2017v2.3
Gross Receipts
$655,900
Mission and Program Overview

Mission

To strengthen virginia's long-term competitiveness through implementation support for blueprint virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,115$35,578▲ $19,463
Accounts Receivable$1,500--
Total Assets$17,615$35,578▲ $17,963
Liabilities
Accounts Payable and Accrued Expenses$23,369$5,806▼ $17,563
Total Liabilities$23,369$5,806▼ $17,563
Net Assets / Fund Balance
Unrestricted Net Assets$-5,754$29,772▲ $35,526
Total Net Assets Fund Balance$-5,754$29,772▲ $35,526
Total Liabilities and Net Assets / Fund Balance$17,615$35,578▲ $17,963
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Barry DuvalChamber Pres$544,996$544,996

Board Members and Trustees

NameTitle
Suzy KellyChair
Dennis TreacyPresident
Alan S WittDirector
Ben J Davenport JrDirector
Eric SiscoDirector
John H Rust JrDirector
Julie MaloyDirector
Kent D FarmerDirector
Mark E DempseyDirector
Paige ClayDirector
Thomas C PalmerDirector
Vincent L Ammann JrDirector
William AdenDirector
Barry DuvalChamber Pres. & CEO
Jeffrey V HaleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$655,900
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$655,900
Change in Net Assets
$35,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$620,374
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$359,710--$359,710
Conferences and Meetings$229,637--$229,637
Other Expenses$7,250--$7,250
Office Expenses$527--$527
Total Functional Expenses$620,374$0$0$620,374
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A draft of the return was circulated to all members of the board of directors for review and comment prior to the filing of the return.”

Form 990, Page 6, Part VI, Line 12C

“The board of directors must sign annual conflict of interest statement.”

Form 990, Page 6, Part VI, Line 15A

“The compensation of key employees of the organization is determined annually by the president.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and tax returns are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Virginia Chamber Foundation
EIN
51-0193842
Phone
8046441607
Address
919 E MAIN ST STE 900, RICHMOND, VA 23219

Signing Officer

Name
Barry Duval
Title
Chamber Pres. & CEO
Phone
8046441607
Signed
2018-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry Duval
Formed
1976
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Wellscoleman
Address
5004 MONUMENT AVE, RICHMOND, VA 23230
Preparer
Rebecca J Tres
Phone
8043581150
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Reimb. For shared employees 295,000 0 0 other contracted services 54,000 0 0 professional services-studies 10,710 0 0 total 359,710 0 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The chamber and foundation are exempt from income taxes under internal revenue code section 501(c)(6) and 501(c)(3), respectively. As such, the chamber and foundation are not taxed on income derived from their exempt functions. However, the chamber is subject to tax on unrelated business income, which is generated from the chamber's other activities, including those of the virginia benefits alliance, that are not related to their stated exempt purposes. The chamber's and foundation's federal income tax returns from 2014 forward are subject to examination by the internal revenue service, generally for three years after they were filed.”

Raw XML AppendixShowing 400 of 422 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt023369
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05806
IRS990/AccountsReceivableGrp/BOYAmt01500
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO STRENGTHEN VIRGINIA'S LONG-TERM COMPETITIVENESS THROUGH IMPLEMENTATION SUPPORT FOR BLUEPRINT VIRGINIA.
IRS990/AllOtherContributionsAmt0655900
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0VIRGINIA CHAMBER FOUNDATION
IRS990/BooksInCareOfDetail/PhoneNum08046441607
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0919 E MAIN ST STE 900
IRS990/BooksInCareOfDetail/USAddress/CityNm0RICHMOND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023219
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt016115
IRS990/CashNonInterestBearingGrp/EOYAmt035578
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0229637
IRS990/ConferencesMeetingsGrp/TotalAmt0229637
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0655900
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0620374
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt035526
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0620374
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0655900
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE FOUNDATION CONDUCTS RESEARCH, PROVIDES METRICS FOR THE STATE'S PROGRESS AND PRODUCES EVENTS ON ISSUES FACING BUSINESS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0620374
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0359710
IRS990/FeesForServicesOtherGrp/TotalAmt0359710
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1436574
IRS990/Form990PartVIISectionAGrp/PersonNm0DENNIS TREACY
IRS990/Form990PartVIISectionAGrp/PersonNm1SUZY KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFFREY V HALEY
IRS990/Form990PartVIISectionAGrp/PersonNm3THOMAS C PALMER
IRS990/Form990PartVIISectionAGrp/PersonNm4ERIC SISCO
IRS990/Form990PartVIISectionAGrp/PersonNm5MARK E DEMPSEY
IRS990/Form990PartVIISectionAGrp/PersonNm6KENT D FARMER
IRS990/Form990PartVIISectionAGrp/PersonNm7JULIE MALOY
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN H RUST JR
IRS990/Form990PartVIISectionAGrp/PersonNm9VINCENT L AMMANN JR
IRS990/Form990PartVIISectionAGrp/PersonNm10BEN J DAVENPORT JR
IRS990/Form990PartVIISectionAGrp/PersonNm11ALAN S WITT
IRS990/Form990PartVIISectionAGrp/PersonNm12PAIGE CLAY
IRS990/Form990PartVIISectionAGrp/PersonNm13WILLIAM ADEN
IRS990/Form990PartVIISectionAGrp/PersonNm14BARRY DUVAL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14508422
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAMBER PRES
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0655900
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt014
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO STRENGTHEN VIRGINIA'S LONG-TERM COMPETITIVENESS THROUGH IMPLEMENTATION SUPPORT FOR BLUEPRINT VIRGINIA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-5754
IRS990/NetAssetsOrFundBalancesEOYAmt029772
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt0527
IRS990/OfficeExpensesGrp/TotalAmt0527
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0DASHBOARD
IRS990/OtherExpensesGrp/Desc1STATE OF COMMONWEALTH RPT
IRS990/OtherExpensesGrp/ProgramServicesAmt023250
IRS990/OtherExpensesGrp/ProgramServicesAmt17250
IRS990/OtherExpensesGrp/TotalAmt023250
IRS990/OtherExpensesGrp/TotalAmt17250
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0BARRY DUVAL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0642500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0663390
IRS990/PYRevenuesLessExpensesAmt0-20890
IRS990/PYTotalExpensesAmt0663390
IRS990/PYTotalRevenueAmt0642500
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt035526
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0655900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0642500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0577600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01876000
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01876000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0655900
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0642500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0577600
IRS990ScheduleA/Total509Grp/TotalAmt01876000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0655900
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0642500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0577600
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01876000
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHAMBER AND FOUNDATION ARE EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(6) AND 501(C)(3), RESPECTIVELY. AS SUCH, THE CHAMBER AND FOUNDATION ARE NOT TAXED ON INCOME DERIVED FROM THEIR EXEMPT FUNCTIONS. HOWEVER, THE CHAMBER IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, WHICH IS GENERATED FROM THE CHAMBER'S OTHER ACTIVITIES, INCLUDING THOSE OF THE VIRGINIA BENEFITS ALLIANCE, THAT ARE NOT RELATED TO THEIR STATED EXEMPT PURPOSES. THE CHAMBER'S AND FOUNDATION'S FEDERAL INCOME TAX RETURNS FROM 2014 FORWARD ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0508422
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt09330
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt027244
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BARRY DUVAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAMBER PRES. & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0544996
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE RETURN WAS CIRCULATED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS MUST SIGN ANNUAL CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION OF KEY EMPLOYEES OF THE ORGANIZATION IS DETERMINED ANNUALLY BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND TAX RETURNS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REIMB. FOR SHARED EMPLOYEES 295,000 0 0 OTHER CONTRACTED SERVICES 54,000 0 0 PROFESSIONAL SERVICES-STUDIES 10,710 0 0 TOTAL 359,710 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE VIRGINIA CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0540421190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0919 E MAIN ST STE 900
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RICHMOND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd023219
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0295000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE VIRGINIA CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017615
IRS990/TotalAssetsEOYAmt035578
IRS990/TotalAssetsGrp/BOYAmt017615
IRS990/TotalAssetsGrp/EOYAmt035578
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0655900
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0620374
IRS990/TotalFunctionalExpensesGrp/TotalAmt0620374
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023369
IRS990/TotalLiabilitiesEOYAmt05806
IRS990/TotalLiabilitiesGrp/BOYAmt023369
IRS990/TotalLiabilitiesGrp/EOYAmt05806
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-5754
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt029772
IRS990/TotalOtherCompensationAmt036574
IRS990/TotalProgramServiceExpensesAmt0620374
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0655900
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017615
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt035578
IRS990/TotReportableCompRltdOrgAmt0508422
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-5754
IRS990/UnrestrictedNetAssetsGrp/EOYAmt029772
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.VACHAMBER.COM/FOUNDATION
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BARRY DUVAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAMBER PRES. & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08046441607
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE VIRGINIA CHAMBER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0510193842
ReturnHeader/Filer/PhoneNum08046441607
ReturnHeader/Filer/USAddress/AddressLine1Txt0919 E MAIN ST STE 900
ReturnHeader/Filer/USAddress/CityNm0RICHMOND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,578
Liabilities
$5,806
Net assets
$29,772
Revenue
$655,900
Expenses
$620,374
Net income
$35,526
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.60$0.35$0.25$1.55$1.85$0.30
2023Detailed filing. Detailed filing data is available for this year.$0.71$0.16$0.55$1.66$1.51$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.00$0.40$1.08$1.47$0.39
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$1.58$0.89$0.68
2020Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.75$0.67$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.75$0.76$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.68$0.67$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.01$0.03$0.66$0.62$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.01$0.64$0.66$0.02
2015Summary only. Only limited summary data is available for this year.$0.02$0.01$0.02$0.58$0.56$0.02