Georgia Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 581537370
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Atlanta, GA, USA
- Phone
- 4042232264
- Rating confidence
- Limited
Reported finances
- Revenue
- $9,317,948
- Expenses
- $8,388,634
- Assets
- $11,109,258
- Liabilities
- $4,644,196
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
370 people listed
Executive titles in this filing
- JAMES C CLARK JR (CEO/PRESIDENT)
Highest reported compensation
- JAMES C CLARK JR (CEO/PRESIDENT): $848,258 total reported compensation
- STEPHANIE MARTIN (TREASURER, CFO): $296,442 total reported compensation
- MORGAN LAW (CHIEF EXPERIENCE OFFICER): $272,634 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Georgia chamber of commerce is the unified voice of the business community, aggressively advocating the business viewpoint in the shaping of the public policy, encouraging ethical business practices and ensuring the state's future as economically prosperous, educationally competitive and environmentally responsible
What it reported doing in 2024
The Georgia chamber works to expand Georgia's global competitiveness to attract new investment and create opportunity and prosperity for all georgians. In 2024, the Georgia chamber of commerce continued its mission to support to provide coordinated leadership to protect free enterprise, engage members, capitalize on emerging trends, and mitigate risk to Georgia businesses. Highlights from the Georgia chamber's 2024 accomplishments include production of the first "economic competitiveness redbook" report with economic and demographic data from all 159 counties in the state and many indicators comparing Georgia's growth against other states. The chamber also launched the chamber plus health insurance plan with anthem for companies 51 to 99, implemented the non-metro atlanta msa hub chamber briefing series and hosted our first sustainability summit with more than 300 attendees. The chamber partnered with access to capital for entrepreneurs (ace) to open a joint office located in the chamber's tifton office. The chamber also approved a modest dues increase. The chamber boasted an 88% legislative win rate and achieved 14 billion media & social impressions via more than 60,000 followers across our various communications platforms.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 47
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 99.7%; rating input score 100; 27th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 1.32; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 32%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.8% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 0.6% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 360 of 361 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $848K · 370 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $536K reported
- Consistency: 12 of 12 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.