Civic Intelligence

Carolinas Lgbt Chamber of Commerce

EIN 56-1930236 • 501(c)6 • Charlotte, NC

Profile

Foster equity, inclusion and economic prosperity for the lgbtq community through strategic policy, professional enrichment, ally partnerships and economic development.

2838 Queen City Drive Suite ACharlotte, NC 28204

www.clgbtcc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S40 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S40 • <$500k nonprofits • Source year 2024

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

NTEE S40 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE S40 • <$500k nonprofits • Source year 2024

Asset Growth

9th percentile

-61%

Faster asset growth than 9% of similar nonprofits.

NTEE S40 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-23%

Faster revenue growth than 25% of similar nonprofits.

NTEE S40 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$42,065

Down $66,153 (-61%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$42,065

Down $66,153 (-61%) from 2023

Revenue

Down

$336,589

Down $98,686 (-23%) from 2023

Expenses

Down

$402,742

Down $138,382 (-26%) from 2023

Net Income

Up

-$66,153

Up $39,696 (+38%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2020: $94,274Liabilities 2020: $0Net Assets 2020: $94,2742020Assets 2021: $147,660Liabilities 2021: $0Net Assets 2021: $147,6602021Assets 2022: $214,067Liabilities 2022: $0Net Assets 2022: $214,0672022Assets 2023: $108,218Liabilities 2023: $0Net Assets 2023: $108,2182023Assets 2024: $42,065Liabilities 2024: $0Net Assets 2024: $42,0652024

Highlighted filing

2024

Assets$42,065
Liabilities$0
Net Assets$42,065

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2020: $229,979Expenses 2020: $180,268Net Income 2020: $49,7112020Revenue 2021: $201,511Expenses 2021: $148,125Net Income 2021: $53,3862021Revenue 2022: $351,460Expenses 2022: $285,053Net Income 2022: $66,4072022Revenue 2023: $435,275Expenses 2023: $541,124Net Income 2023: -$105,8492023Revenue 2024: $336,589Expenses 2024: $402,742Net Income 2024: -$66,1532024

Highlighted filing

2024

Revenue$336,589
Expenses$402,742
Net Income-$66,153

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 19, 2025
Return Version
2023v6.0
Gross Receipts
$435,275
Mission and Program Overview

Mission

Foster equity, inclusion and economic prosperity for the lgbtq community through strategic policy, professional enrichment, ally partnerships and economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$214,067$108,218▼ $105,849
Savings and Temporary Cash Investments$202,200$90,386▼ $111,814
Cash and Non-Interest-Bearing Accounts$11,867$17,832▲ $5,965
Total Assets$214,067$108,218▼ $105,849
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$214,067$108,218▼ $105,849
Total Liabilities and Net Assets / Fund Balance$214,067$108,218▼ $105,849
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tiffany KeatonChair
Janellemarie JarvisVice-chair
Jason MortonVice-chair
Jen CarbutoVice-chair
Adam HayesDirector
Becky KnightDirector
Kelly DurdenDirector
Lorena GomezDirector
M Stephen MaddoxDirector
Melissa MorrisDirector
Nate TurnerDirector
Preston RichardsonDirector
Bryan VanhuysteeDirector of Finance
Chad TurnerCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$344,779
Program Service Revenue
$88,778
Investment Income
$1,718
Other Revenue
$0
All Other Contributions
$28,731
Change in Net Assets
$-105,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$488,580
Salaries, Compensation, and Employee Benefits$52,544
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$342,279$6,276-$348,555
Fees for Services Management$41,494$27,663-$69,157
Other Salaries and Wages$48,810--$48,810
Advertising$28,255--$28,255
Occupancy$23,233--$23,233
Other Expenses$6,702--$6,702
Office Expenses$4,457--$4,457
Payroll Taxes$3,734--$3,734
Insurance$312$733-$1,045
Fees for Services Accounting$261$685-$946
Total Functional Expenses$505,767$35,357$0$541,124
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

The organization is a membership driven organization.

Member election for additional members Part VI line 7A

Board members are elected pursuant to terms outlined in the bylaws. Elections are conducted by and for the membership.

Form 990 governing body review Part VI line 11

Form 990 is presented to the governing board for review.

Conflict of interest policy compliance Part VI line 12C

All board members are required to complete an annual disclosure form. The executive board monitors this at monthly meetings as decisions are made and discussed.

Governing documents etc available to public Part VI line 19

Board meetings are always open to the public, excluding executive session. Governing documents are available upon written request to the board chair or ceo.

Filing and Contact Details

Filer

Filer Name
Carolinas Lgbt Chamber of Commerce
EIN
56-1930236
Address
2838 QUEEN CITY DRIVE SUITE A, CHARLOTTE, NC 28204

Signing Officer

Name
Chad Turner
Title
CEO
Phone
7048374050
Signed
2025-09-19
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
30

Preparer

Firm
Richard a Grimstad CPA Pc
Address
1625 UMSTEAD STREET, CHARLOTTE, NC 28205
Preparer
Richard a Grimstad
Phone
9802243124
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

Pride in business expo and career fair

Raw XML Appendix389 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A MEMBERSHIP DRIVEN ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ELECTED PURSUANT TO TERMS OUTLINED IN THE BYLAWS. ELECTIONS ARE CONDUCTED BY AND FOR THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PRESENTED TO THE GOVERNING BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM. THE EXECUTIVE BOARD MONITORS THIS AT MONTHLY MEETINGS AS DECISIONS ARE MADE AND DISCUSSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEETINGS ARE ALWAYS OPEN TO THE PUBLIC, EXCLUDING EXECUTIVE SESSION. GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE BOARD CHAIR OR CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIDE IN BUSINESS EXPO AND CAREER FAIR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Significant program services not listed on prior year return Part III line 2
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0505767
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IRS990/TotalProgramServiceExpensesAmt0505767
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt090496
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0435275
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/WebsiteAddressTxt0WWW.CLGBTCC.ORG
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHAD TURNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07048374050
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAROLINAS LGBT CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0CARO
ReturnHeader/Filer/EIN0561930236
ReturnHeader/Filer/USAddress/AddressLine1Txt02838 QUEEN CITY DRIVE SUITE A
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028204
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0842383994
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RICHARD A GRIMSTAD CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01625 UMSTEAD STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028205
ReturnHeader/PreparerPersonGrp/PhoneNum09802243124
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD A GRIMSTAD
ReturnHeader/ReturnTs02025-09-22T07:24:52-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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