CHAMBER OF PROGRESS

EIN: 853963084 Community Improvement

MCLEAN, VA

Total Revenue
$8,681,678
Total Expenses
$6,534,986
Total Assets
$12,595,548
Net Assets
$12,416,106
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
VA
Principal Officer
ADAM KOVACEVICH
Phone
2024703046
Tax Period
2023-01-01 to 2023-12-31

CHAMBER OF PROGRESS, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $8.7M in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.1M, a strong 25% operating margin.

Mission

CHAMBER OF PROGRESS IS A NEW TECH INDUSTRY COALITION DEVOTED TO A PROGRESSIVE SOCIETY, ECONOMY, WORKFORCE, AND CONSUMER CLIMATE. WE BACK PUBLIC POLICIES THAT WILL BUILD A FAIRER, MORE INCLUSIVE COUNTRY IN WHICH ALL PEOPLE BENEFIT FROM TECHNOLOGICAL LEAPS.

Program Service Accomplishments

Program 1

THE ORGANIZATION ADVOCATED FOR TECHNOLOGY REGULATION THAT ENSURES COMPANIES OPERATE FAIRLY, CONSUMERS ENJOY THE BENEFITS OF TECHNOLOGY, AND THAT ABUSES AND EXCESSES OF TECHNOLOGY ARE LIMITED.

Program 2

THE ORGANIZATION ADVOCATED FOR GREATER ACCESS TO TECHNOLOGY'S BENEFITS, THROUGH BROADBAND AND TRAINING BENEFITS, AS WELL AS PROGRESSIVE SOCIAL AND TAXATION POLICIES TO ENSURE A FAIRER SOCIETY.

Program 3

THE ORGANIZATION ENGAGED IN LEGAL ADVOCACY TO PROMOTE HEALTHY ONLINE COMMUNITIES AND OPPOSE RESTRICTIONS ON CONTENT MODERATION ONLINE.

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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 $0
Program Service Revenue $8,681,678
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,681,678

Expense Breakdown

Grants Paid $124,181
Salaries & Benefits $2,884,803
Fundraising Expenses $0
Other Expenses $3,526,002
TOTAL EXPENSES $6,534,986

Year-over-Year Comparison

2023 2022 Change
Revenue $8,681,678 $29,920,121 -0.7%
Expenses $6,534,986 $24,240,229 -0.7%
Net Income $2,146,692 $5,679,892 -0.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
26
Volunteers
4

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
3
$506,288
Total Directors
5
$506,288
Key Employees
3
$541,304
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM KOVACEVICH CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$472,780 $33,508 $506,288
MAURA CORBETT SECRETARY 0.25
Officer Director
$0 $0 $0
JULIE SAMUELS TREASURER 0.25
Officer Director
$0 $0 $0
RANDALL ROTHENBERG BOARD MEMBER 0.25
Director
$0 $0 $0
HILLARY BRILL BOARD MEMBER 0.25
Director
$0 $0 $0
KAITLYN HARGER SENIOR ECONOMIST 40.00
Key Emp
$177,399 $19,921 $197,320
KOUSTUBH BAGCHI VICE PRESIDENT OF TECHNOLOGY 40.00
Key Emp
$157,382 $17,960 $175,342
JESSICA MIERS SENIOR COUNSEL, LEGAL ADVOCACY 40.00
Key Emp
$155,465 $13,177 $168,642
MARK JENSSEN DIRECTOR OF DIGITAL STRATEGY AND GRASSROOTS MOBILI 40.00
Highest
$136,348 $17,096 $153,444
KOURI MARSHALL DIRECTOR OF STATE & LOCAL GOV'T RELATIONS, CENTRAL 40.00
Highest
$135,535 $11,616 $147,151
CHRISTOPHER MACKENZIE SENIOR DIRECTOR, COMMUNICATIONS 40.00
Highest
$135,260 $17,426 $152,686
ALAIN XIONG-CALMES DIRECTOR OF STATE AND LOCAL PUBLIC POLICY 40.00
Highest
$131,739 $15,990 $147,729
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 $8,681,678 $6,534,986 $12,595,548 $2,146,692
2022 $29,920,121 $24,240,229 $10,357,158 $5,679,892
2021 $10,610,320 $6,164,029 $5,318,636 $4,446,291
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