Metro Atlanta Chamber of Commerce Inc

What it reported doing in 2024

Overview in 2024, the metro atlanta chamber worked to unleash atlanta's ambition and fuel business growth. Our collective work continues to position metro atlanta as a top-tier global region and accelerate momentum around three strategic imperatives: economy: we aspire to be the best, most productive, and most inclusive place to do business talent: we leverage and grow metro atlanta's skilled and diverse talent advantage community: we catalyze metro atlanta's ecosystem to drive transformative community impact this year, mac's primary accomplishments included: . Maintaining our position as the top regional economic development organization by generating and managing business expansion and relocation projects . Promoting pro-business legislation, opposing discriminatory legislation, and protecting Georgia's reputation as the #1 state for business . Launching a large-scale downtown reimagined initiative, bringing together stakeholders to improve downtown atlanta to ensure it is a vibrant core of our region . Delivering on mac's commitment to regional talent expansion, including: - launched the atlanta - where you belong brand on behalf of metro atlanta employers and brands to attract and retain in-demand talent - establishing two new talent pipelines for the atl talent collaborative to convene around, bringing the total to five talent pipelines for the region - launching connect to work Georgia to more directly connect metro atlanta's available workforce and the region's employers - creating the Georgia intern app to expand early career options for young people across the state . Securing $29.75 million in state funding for fifa world cup 2026 and college football playoff national championship events . Securing atlanta's position to host eight fifa world cup 2026 matches, including five in the group stage and three in the knockout round, including a semi-final specific accomplishments economy . Maintained mac's reputation as the top regional economic development organization by generating and managing business locations and expansions: - hosted 113 company visits - helped 56 businesses select metro atlanta for new or expanded operations, including 26 international companies - created 5,361 new, highly skilled jobs . Continued to position metro atlanta and Georgia as a leading cleantech innovation hub, founding the atl cleantech coalition and atl cleantech connect, as well as supporting the creation of the ga cleantech ecosystem report . Led and expanded the 2024 metro export challenge, exceeding $800,000 in export grants . Assisted our economic development partners in maintaining Georgia's reputation as the #1 state for business for 11 years in a row . Stopped adverse changes to economic development tax incentives and prevented passage of legislation that would have negatively impacted Georgia's business climate . Successfully spearheaded passage of legislation and a constitutional amendment to move the state tax tribunal to the judicial branch . Activated atlanta growth collective, an exclusive community for mid-market, high-growth founders, growing the program to include 15 entrepreneurs, 6 advisors, and 10 mentors regularly participating in bespoke, monthly events . Activated innovatl2024, coordinating more than 40 events representing all parts of the innovation ecosystem and nearly 45,000 participants across metro atlanta . Leveraged the atl unlocked tour with new locations and districts to grow the region's innovation ecosystem . Developed and deployed business brand marketing series built for business and Georgia by the numbers, producing more than a dozen videos for Georgia by the numbers . Created high-quality collateral to drive the chamber's economic mission, including pieces like: - fifa world cup economic impact forecast - 2024 metro atlanta chamber impact report talent . Expanded the atl talent collaborative to 33 companies and established two new jobs focused collaborative working groups for a total of five . Elevat

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 99.6%; rating input score 100; 32nd percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • 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: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 15.7%; rating input score 77; 77th percentile among comparable filings
• Total-asset coverage ratio: 1.67; rating input score 55; 55th percentile among comparable filings
• Liabilities to assets ratio: 0.25; rating input score 52; 52nd percentile among comparable filings
• Officer compensation ratio: 22.9%; rating input score 3; 3rd percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 2% per year; rating input score 100; 18th percentile among comparable filings
• Asset growth: 7.4% per year; rating input score 100; 51st percentile among comparable filings