NGLCC FOUNDATION

EIN: 300271980 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$242,147
Total Expenses
$55,659
Total Assets
$264,921
Net Assets
$-180,339
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DE
Principal Officer
CHANCE MITCHELL
Phone
2022349181
Tax Period
2023-01-01 to 2023-12-31

NGLCC FOUNDATION, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $242K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $186K, a strong 77% operating margin.

Mission

THE FOUNDATION WILL SUPPORT NGLCC IN PROVIDING EDUCATIONAL INFORMATION TO NGLCC'S MEMBERS AND THE PUBLIC AT LARGE ON SUBJECTS USEFUL TO THE MEMBERSHIP AND BENEFICIAL TO THE COMMUNITY. NGLCC IS ORGANIZED AND OPERATED TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS WHO REPRESENT GAY, LESBIAN, BISEXUAL AND TRANSGENDER BUSINESSES ("GLBT BUSINESSES"). THE FOUNDATION WILL SUPPORT NGLCC BY FUNDING (OR CONDUCTING DIRECTLY) THESE EDUCATIONAL AND CHARITABLE ACTIVITIES IN THE FUTURE TO THE EXTENT IT IS ABLE TO DO SO.

Program Service Accomplishments

Program 1
Expenses: $55,343

THE FOUNDATION WILL SUPPORT NGLCC IN PROVIDING EDUCATIONAL INFORMATION TO NGLCC'S MEMBERS AND THE PUBLIC AT LARGE ON SUBJECTS USEFUL TO THE MEMBERSHIP AND BENEFICIAL TO THE COMMUNITY. NGLCC IS...

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THE FOUNDATION WILL SUPPORT NGLCC IN PROVIDING EDUCATIONAL INFORMATION TO NGLCC'S MEMBERS AND THE PUBLIC AT LARGE ON SUBJECTS USEFUL TO THE MEMBERSHIP AND BENEFICIAL TO THE COMMUNITY. NGLCC IS ORGANIZED AND OPERATED TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS WHO REPRESENT GAY, LESBIAN, BISEXUAL AND TRANSGENDER BUSINESSES ("GLBT BUSINESSES"). THE FOUNDATION WILL SUPPORT NGLCC BY FUNDING (OR CONDUCTING DIRECTLY) THESE EDUCATIONAL AND CHARITABLE ACTIVITIES IN THE FUTURE TO THE EXTENT IT IS ABLE TO DO SO.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $237,510
Program Service Revenue $0
Investment Income $0
Other Revenue $4,637
TOTAL REVENUE $242,147

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,493
Fundraising Expenses $185
Program Expenses $55,343
Other Expenses $166
TOTAL EXPENSES $55,659

Year-over-Year Comparison

2023 2022 Change
Revenue $242,147 $2,220,428 -0.9%
Expenses $55,659 $2,257,840 -1.0%
Net Income $186,488 $-37,412 -6.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
8
Independent Members
6
Employees
N/A
Volunteers
8

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
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHANCE MITCHELL CO-FOUNDER, CEO 2.00
Officer Director
$0 $57,246 $621,546
JUSTIN NELSON CO-FOUNDER, PRESIDENT 2.00
Officer Director
$0 $43,171 $605,671
CAROL ATTAK CHAIRPERSON 0.50
Officer Director
$0 $0 $0
MICHAEL FULLER TREASURER 0.50
Officer Director
$0 $0 $0
MARK BERTOLINI BOARD MEMBER 0.50
Director
$0 $0 $0
PAUL ASHLEY BOARD MEMBER 0.50
Director
$0 $0 $0
NEDRA DICKSON BOARD MEMBER 0.50
Director
$0 $0 $0
VONSHE JENKINS BOARD MEMBER 0.50
Director
$0 $0 $0
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 $242,147 $55,659 $264,921 $186,488
2022 $2,220,428 $2,257,840 $510,440 $-37,412
2021 $2,922,870 $2,842,306 $145,234 $80,564
2020 $457,180 $518,869 $396,349 $-61,689
2019 $2,159,265 $2,217,640 $62,096 $-58,375
2018 $401,338 $475,660 $91,291 $-74,322
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