NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE

EIN: 134219714 Community Improvement

WASHINGTON, DC

Total Revenue
$9,457,409
Total Expenses
$8,999,562
Total Assets
$14,376,202
Net Assets
$9,464,755
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
DE
Principal Officer
CHANCE MITCHELL
Phone
2022349181
Tax Period
2023-01-01 to 2023-12-31

NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $9.5M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $9.0M left a modest 5% surplus.

Mission

ADVOCATING ON BEHALF OF GAY, LESBIAN, BI-SEXUAL AND TRANSGENDER (LGBT) OWNED BUSINESSES, PROFESSIONAL, STUDENT OF BUSINESS, AND CORPORATIONS. FORMATION OF A BROAD-BASED COALITION REPRESENTATIVE OF VARIOUS INTERESTS OF LGBT-OWNED AND FRIENDLY BUSINESS; AND TO HELP EXPAND OPPORTUNITIES, GROWTH, INNOVATION AND EQUALITY WITHIN THE LGBT COMMUNITY.

Program Service Accomplishments

Program 1

SUPPLIER DIVERSITY INITIATIVE (SDI): NGLCC OFFERED CERTIFICATION TO LGBT ENTERPRISES (LGBTE), AS WELL AS A HOST OF OPPORTUNITIES TO ENHANCE BUSINESS VISIBILITY TO CORPORATIONS SEEKING TO DO BUSINESS...

Read more

SUPPLIER DIVERSITY INITIATIVE (SDI): NGLCC OFFERED CERTIFICATION TO LGBT ENTERPRISES (LGBTE), AS WELL AS A HOST OF OPPORTUNITIES TO ENHANCE BUSINESS VISIBILITY TO CORPORATIONS SEEKING TO DO BUSINESS WITH LGBTE'S. THE SDI ALSO PROVIDED OPPORTUNITIES TO MEET FACE-TO-FACE WITH POTENTIAL SUPPLIERS AT NGLCC SDI MATCH-MAKING EVENTS ACROSS THE COUNTRY THROUGHOUT THE YEAR. ADDITIONALLY, NGLCC HAS INCREASED EFFORTS TO EXPAND SDI OVERSEAS, ESPECIALLY IN SOUTH AMERICA IN THE LAST 6-7 YEARS.

Program 2

AFFILIATE RELATIONS: NGLCC HAS FOCUSED EFFORTS OVER THE LAST 7-8 YEARS TO PROVIDE A FOUNDATION AND PLATFORM FOR A NETWORK OF AFFILIATE CHAMBERS, BOTH ACROSS THE UNITED STATES AND INTERNATIONALLY...

Read more

AFFILIATE RELATIONS: NGLCC HAS FOCUSED EFFORTS OVER THE LAST 7-8 YEARS TO PROVIDE A FOUNDATION AND PLATFORM FOR A NETWORK OF AFFILIATE CHAMBERS, BOTH ACROSS THE UNITED STATES AND INTERNATIONALLY. THERE IS A PORTION OF THE NGLCC STAFF DEDICATED TO THE OUTREACH, COMMUNICATION AND EDUCATION THAT FORM THE BASIS FOR THIS NETWORK OF AFFILIATE CHAMBERS.

Program 3

NGLCC HAS PARTNERED WITH USAID IN AN INITIATIVE TO PROMOTE LGBT BUSINESS GROWTH IN SPECIFIC COUNTRIES IN LATIN AMERICA AND OTHER SELECTED LOCALES AROUND THE WORLD. IN ADDITION ASSISTING MEMBER...

Read more

NGLCC HAS PARTNERED WITH USAID IN AN INITIATIVE TO PROMOTE LGBT BUSINESS GROWTH IN SPECIFIC COUNTRIES IN LATIN AMERICA AND OTHER SELECTED LOCALES AROUND THE WORLD. IN ADDITION ASSISTING MEMBER COUNTRIES IN LAUNCHING THEIR OWN LGBT CHAMBER OF COMMERCE AND CREATING AVENUES FOR US LGBT BUSINESSES TO BECOME TRADING AND STRATEGIC PARTNERS WITH NASCENT LGBT BUSINESSES IN TARGETED PROGRAM COUNTRIES, IT WILL ALSO ENCOURAGE PROGRAM COUNTRY BUSINESSES TO BECOME SUPPLIERS TO THE INTERNATIONAL COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,650,743
Program Service Revenue $3,381,985
Investment Income $221,057
Other Revenue $203,624
TOTAL REVENUE $9,457,409

Expense Breakdown

Grants Paid $1,924,664
Salaries & Benefits $3,213,518
Fundraising Expenses $0
Other Expenses $3,861,380
TOTAL EXPENSES $8,999,562

Year-over-Year Comparison

2023 2022 Change
Revenue $9,457,409 $10,551,828 -0.1%
Expenses $8,999,562 $8,598,302 +0.0%
Net Income $457,847 $1,953,526 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
6
Employees
27
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,227,217
Total Directors
8
$1,227,217
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHANCE MITCHELL CO-FOUNDER, CEO 40.00
Officer Director
$564,300 $57,246 $621,546
JUSTIN NELSON CO-FOUNDER, PRESIDENT 40.00
Officer Director
$562,500 $43,171 $605,671
CAROL ATTAK CHAIRPERSON 2.00
Officer Director
$0 $0 $0
MICHAEL FULLER TREASURER 2.00
Officer Director
$0 $0 $0
MARK BERTOLINI BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL ASHLEY BOARD MEMBER 1.00
Director
$0 $0 $0
NEDRA DICKSON BOARD MEMBER 1.00
Director
$0 $0 $0
VONSHE JENKINS BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY WISNIEWSKI EXECUTIVE VP 40.00
Highest
$187,540 $9,682 $197,222
SABRINA KENT EXECUTIVE VP 40.00
Highest
$184,040 $9,472 $193,512
SEAN FRANKLIN VP 40.00
Highest
$121,054 $0 $121,054
ERASMO SANCHEZ HERRERA VP 40.00
Highest
$108,913 $5,975 $114,888
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $9,457,409 $8,999,562 $14,376,202 $457,847
2022 $10,551,828 $8,598,302 $15,331,208 $1,953,526
2021 $10,129,984 $5,877,573 $12,358,088 $4,252,411
2020 $6,031,368 $4,876,850 $6,995,617 $1,154,518
2019 $7,751,370 $6,174,965 $4,882,701 $1,576,405
2018 $5,844,568 $5,498,590 $4,246,915 $345,978
Explore More Nonprofits
Top 100 Nonprofits in District of Columbia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NATIONAL GAY & LESBIAN CHAMBER OF COMMERCE with other nonprofits in District of Columbia and across the country.