GREATER RALEIGH CHAMBER OF COMMERCE Charity Report

Public IRS 990 nonprofit record

GREATER RALEIGH CHAMBER OF COMMERCE

EIN 56-0370850 · Homeowners & Tenants Associations (L50)

What they do

to BUILD A THRIVING REGIONAL ECONOMY, ENHANCE THE COMMUNITYS QUALITY of LIFE, and STRENGTHEN MEMBER BUSINESSES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $57.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders58 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

48.59%of revenue went to mission work57.6% of expenses · Program services

8.88%of revenue went to fundraising10.5% of expenses

$86.40spent for every $100 of revenueRevenue covered expenses this year.

26.96%of revenue went to management and office costs31.9% of expenses

$1.14in assets for every $1 spent this yearSome assets cannot be spent right away.

70.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $399,994 for ADRIENNE COLE (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$10,273,551

Mission workProgram services$4,991,78348.59% of revenue57.6% of expenses

ManagementOffice and general costs$2,769,27526.96% of revenue31.9% of expenses

FundraisingAsking for donations$912,0478.88% of revenue10.5% of expenses

Revenue left after expensesReported annual surplus$1,600,44615.58% of revenueShown in gray on the chart

Total expenses$8,673,10584.42% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 57.6% mission · 31.9% management · 10.5% fundraisingTotal expenses: 84.42% of revenue

2022Expense mix: 67.3% mission · 19.2% management · 13.5% fundraisingTotal expenses: 108.97% of revenue

2021Expense mix: 66.0% mission · 21.0% management · 12.9% fundraisingTotal expenses: 106.70% of revenue

2020Expense mix: 63.3% mission · 24.4% management · 12.3% fundraisingTotal expenses: 93.61% of revenue

2019Expense mix: 64.0% mission · 21.1% management · 15.0% fundraisingTotal expenses: 79.90% of revenue

2018Expense mix: 63.7% mission · 19.1% management · 17.3% fundraisingTotal expenses: 90.31% of revenue

2017Expense mix: 68.0% mission · 18.6% management · 13.4% fundraisingTotal expenses: 106.45% of revenue

Money in and money out

Revenue$10,038,286

Expenses$8,673,105

Annual surplus $1,365,181 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,991,783 · 57.6% of expenses

Management and office costs$2,769,275 · 31.9% of expenses

Fundraising$912,047 · 10.5% of expenses

See all reported dollar amounts

Revenue$10,038,286

Expenses$8,673,105

Assets$9,859,407

Income$10,038,286

Contributions$7,109,354

Mission work (program services)$4,991,783

Fundraising$912,047

Grants given$250,000

Average grant$250,000

Management and general$2,769,275

Accounting fees$62,401

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ADRIENNE COLEEXECUTIVE DIRECTOR · 32 hrs/week $399,994Base $366,994 · Other $33,000

JANET POTTERGENERAL MGR./SENIOR VP · 32 hrs/week $216,048Base $196,407 · Other $19,641

JOE MILAZZO IIEXECUTIVE DIRECTOR · 40 hrs/week $199,982Base $181,802 · Other $18,180

MICHAEL HALEYSVP OF ECONOMIC DEVELOPMENT · 35 hrs/week $197,299Base $179,363 · Other $17,936

EVELYN LUCASRELATIONSHIP MANAGER · 40 hrs/week $162,147Base $147,406 · Other $14,741

JACQUELINE HUITTSVP OF REVENUE DEVELOPMENT · 40 hrs/week $140,468Base $127,698 · Other $12,770

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (58)

ADRIENNE COLEEXECUTIVE DIRECTOR

JANET POTTERGENERAL MGR./SENIOR VP

JOE MILAZZO IIEXECUTIVE DIRECTOR

MICHAEL HALEYSVP OF ECONOMIC DEVELOPMENT

EVELYN LUCASRELATIONSHIP MANAGER

JACQUELINE HUITTSVP OF REVENUE DEVELOPMENT

MARK JOHNSONDIRECTOR

OHARA MACKENPAST CHAIR

MITCH PERRYDIRECTOR

MARY-ANN BALDWINDIRECTOR

RUSSELL KILLENGENERAL COUNSEL

MARK CARLTONDIRECTOR

LAURA GWYNDIRECTOR

LAURA BUNNVICE CHAIR-MEMBERSHIP DEVELOPMENT

KURT HEUSNERDIRECTOR

KRISTEN HESSTREASURER

KEVIN WALKERDIRECTOR

PATRICIA BURCHDIRECTOR

KADE ROSSDIRECTOR

SCOTT LEVITANDIRECTOR

SHAN TEELCHAIR-ELECT

SHARON MOEDIRECTOR

SHINICA THOMASDIRECTOR

STEVE HEPLERDIRECTOR

SUSAN SANFORDDIRECTOR

TAMARA TERRYVICE CHAIR-DEI

TED KLINCKDIRECTOR

TERRENCE HOLTDIRECTOR

TIA MCLAURINVICE CHAIR-ENTREPRENEURSHIP

TIMOTHY HUMPHREYDIRECTOR

TOM FRITSCHDIRECTOR

TRAVIS BRISBONDIRECTOR

DON MCCORQUODALEVICE CHAIR-GOVERNMENT AFFAIRS

ADRIA JERVAYDIRECTOR

ALLYSON DICKENSEXECUTIVE COMMITTEE AT LARGE

BAKER GLASGOWEXECUTIVE COMMITTEE AT LARGE

BARBARA GRIFFITHDIRECTOR

BONNER GAYLORDEXECUTIVE COMMITTEE AT LARGE

BRIAN RALPHDIRECTOR

CHERYL SCANLANDIRECTOR

CHRIS HEAGARTYDIRECTOR

COURTNEY CROWDERDIRECTOR

COURTNEY WHITEVICE CHAIR-LEADERSHIP DEVELOPMENT

DAN CAHILLIMMEDIATE PAST CHAIR

DAVID CROSBYVICE CHAIR-ECONOMIC DEVELOPMENT

KEVIN MCLAUGHLINEXECUTIVE COMMITTEE AT LARGE

FRANCIE GOTTSEGENDIRECTOR

GARY GREENECHAIR

HYUNNA COELHODIRECTOR

JASON SANDNERDIRECTOR

JAY IRBYEX OFFICIO

JENNIFER ALLENDIRECTOR

JOEL DAVISDIRECTOR

JOEL GRAYBEALDIRECTOR

JOHN WARDDIRECTOR

JULE SMITHDIRECTOR

ABHA BOWERSEXECUTIVE COMMITTEE AT LARGE

KEVIN HOWELLPAST CHAIR

About this charity

Recognized since: January 1949
Location: 800 S SALISBURY ST, RALEIGH, NC 27601-2202
County: Wake
In care of: ADRIENNE H COLE
Primary officer: ADRIENNE H COLE, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Emailmail@raleighchamber.org Phone(919) 664-7012

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: DEAN DORTON ALLEN FORD PLLC
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations
Grant-giving organization: Yes