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Nonprofiteer
← CARLISLE AREA DEVELOPMENT CORPORATION INC

Form 990 for tax year 2022

Filed by CARLISLE AREA DEVELOPMENT CORPORATION INC.

Totals

Total revenue
$385,675
Total expenses
$269,990
Contributions and grants received
$67,108
Grants paid
$0
Program service revenue
$290,011
Investment income
$1,891
Other revenue
$26,665
Total assets, end of year
$569,491
Total liabilities, end of year
$5,748
Net assets or fund balances, end of year
$563,743
Program services expenses (Part IX)
$202,825
Management and general expenses
$50,128
Fundraising expenses
$17,037
Program service expenses (Part III)
$202,825

Program services were 75.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $67,108

  • 2a · Program service revenue: EDUCATIONAL PROGRAMS

    total $281,988 · related or exempt $281,988

  • 2b · Program service revenue: ECONOMIC LOAN PROGRAM

    total $8,023 · related or exempt $8,023

  • 3 · Investment income

    total $1,891 · excluded $1,891

  • 6a · Gross rents

    real property $12,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,000

  • 6d · Net rental income or loss

    total $12,000 · excluded $12,000

  • 8a · Fundraising events: gross income

    $25,242

  • 8b · Fundraising events: direct expenses

    $10,577

  • 8c · Net income from fundraising events

    total $14,665 · excluded $14,665

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $105,259 · program services $82,648 · management and general $12,562 · fundraising $10,049

  • 8 · Pension plan contributions

    total $1,997 · program services $1,997

  • 9 · Other employee benefits

    total $4,638 · program services $3,443 · management and general $664 · fundraising $531

  • 10 · Payroll taxes

    total $4,697 · program services $3,851 · management and general $470 · fundraising $376

  • 11a · Fees: management

    total $57,481 · program services $20,535 · management and general $31,460 · fundraising $5,486

  • 11g · Fees: other

    total $3,032 · management and general $3,032

  • 19 · Conferences, conventions and meetings

    total $79,814 · program services $79,814

  • 22 · Depreciation, depletion and amortization

    total $5,071 · program services $4,158 · management and general $507 · fundraising $406

  • 23 · Insurance

    total $2,366 · program services $1,940 · management and general $237 · fundraising $189

  • 24a · Other expenses: MISCELLANEOUS

    total $5,635 · program services $4,439 · management and general $1,196

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,499 · end of year $17,677

  • 2 · Savings and temporary cash investments

    beginning of year $73,094 · end of year $125,427

  • 4 · Accounts receivable

    beginning of year $770 · end of year $27,742

  • 7 · Other notes and loans receivable

    beginning of year $204,701 · end of year $189,317

  • 10a · Land, buildings and equipment: cost or other basis

    $228,235

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,907

  • 10c · Land, buildings and equipment, net

    beginning of year $214,399 · end of year $209,328

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,050 · end of year $1,291

  • 19 · Deferred revenue

    beginning of year $65,355 · end of year $4,457

  • 27 · Net assets without donor restrictions

    beginning of year $448,058 · end of year $563,743

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF CARRYING OUT AND SUPPORTING THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE GREATER CARLISLE AREA CHAMBER OF COMMERCE.

Activities or mission (Part I)

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF CARRYING OUT AND SUPPORTING THE CHARITABLE AND EDUCATION PURPOSES OF THE GREATER CARLISLE AREA CHAMBER OF COMMERCE.

  • ENCOURAGEMENT OF ECONOMIC DEVELOPMENT IN THE CARLISLE, PENNSYLVANIA AREA BY OFFERING COMPETITIVE FINANCING ARRANGEMENTS AND BY PROVIDING INFORMATION TO THE BUSINESS COMMUNITY (PRESENTLY THE CORPORATION HAS 2 LOANS OUTSTANDING).

    Expenses $4,219 · Revenue $8,023

  • PROVIDING EDUCATIONAL PROGRAMMING AND SERVICES TO BUSINESSES FOR WORKFORCE DEVELOPMENT, ECONOMIC DEVELOPMENT, DIVERSITY IN WORKPLACE AND SUPPLIER CHAINS AND REGIONAL ASSETS.

    Expenses $198,606 · Revenue $281,988

As filed on the 2022 return.

Listed in Part VII

  • Kevin Curtis

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Barrie Ann George

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Gayman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Crystal Quintin

    CHAMBER APPOINTEE

    Total calculated
    $0
    Hours/week
    2

  • Michelle Lisk

    BUSINESS IN EDUCATION CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Steve Kaufman

    CHAMBER APPOINTEE

    Total calculated
    $0
    Hours/week
    2

  • Bradley Griffie

    CHAMBER APPOINTEE

    Total calculated
    $0
    Hours/week
    2

  • Erik Olsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nicole Deary

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202323139349304452

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