Greater Wilmington Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 560457260
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Wilmington, NC, USA
- Phone
- 9107922611
- Rating confidence
- Limited
Reported finances
- Revenue
- $2,702,754
- Expenses
- $2,326,250
- Assets
- $2,453,529
- Liabilities
- $1,525,183
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- NATALIE ENGLISH (PRESIDENT/CEO)
Highest reported compensation
- NATALIE ENGLISH (PRESIDENT/CEO): $293,671 total reported compensation
- DR STEVEN HILL (VP, TALENT PIPELINE): $120,646 total reported compensation
- MEGAN MULLINS (CHIEF MARKETING AND ENGAGEMENT OFFICER): $120,608 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To protect and strengthen the wilmington business community and help businesses grow and thrive by providing members with business-building programs and events to help them connect and do business with one another.
What it reported doing in 2024
In 2024, the wilmington chamber of commerce advanced its mission to promote regional economic growth, workforce development, and business success. The organization helped secure $242 million in federal funding for replacement of the cape fear memorial bridge and supported state-level advocacy to expand access to small business health coverage. The chamber's small business economic development team successfully recruited fedup foods, the largest private-label fermented beverage manufacturer in north america, resulting in 150 new jobs in the region.the chamber conducted 35 networking events, 40 committee meetings, 51 ribbon cuttings, and 10 major signature events to provide members with access to business resources, information, and professional connections. The organization received the cacce excellence in communications award for its nccareercoast.com talent attraction initiative.through its foundation, the chamber served 1,740 seventh-grade students with $2.8 million in state funding to support career exploration programs, and the career and leadership development academy earned the 2024 alp excellence in innovation award. The chamber also secured a $200,000 grant from blue cross blue shield to strengthen the regional healthcare workforce pipeline.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating 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: 71
- Accountability: 79
- Sustainability: 47
- Growth: 100
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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.3%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.9%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 1.05; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.62; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 23%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 14.9% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 11.8% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 26 of 27 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $294K · 29 people listed · 2 of 6 pay-setting controls reported
- Consistency: 15 of 15 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 3 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.