Skip to content
Nonprofiteer
← PENNSYLVANIA CHAMBER OF BUSINESS & INDUSTRY EDUCATIONAL FOUNDATION

Form 990 for tax year 2024

Filed by PENNSYLVANIA CHAMBER OF BUSINESS & INDUSTRY EDUCATIONAL FOUNDATION.

Totals

Total revenue
$769,430
Total expenses
$390,779
Contributions and grants received
$718,515
Grants paid
$0
Program service revenue
$0
Investment income
$44,481
Other revenue
$6,434
Total assets, end of year
$1,435,632
Total liabilities, end of year
$32,797
Net assets or fund balances, end of year
$1,402,835
Program services expenses (Part IX)
$388,206
Management and general expenses
$2,573
Fundraising expenses
$0
Program service expenses (Part III)
$388,206

Program services were 99.3% 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.

  • 1c · Fundraising events

    $7,000

  • 1d · Related organizations

    $175,000

  • 1e · Government grants (contributions)

    $6,750

  • 1f · All other contributions, gifts and grants

    $529,765

  • 1g · Noncash contributions included above

    $7,357

  • 3 · Investment income

    total $44,481 · excluded $44,481

  • 8a · Fundraising events: gross income

    $32,500

  • 8a · Fundraising events: contributions included on line 1c

    $7,000

  • 8b · Fundraising events: direct expenses

    $28,126

  • 8c · Net income from fundraising events

    total $4,374 · excluded $4,374

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $2,060 · excluded $2,060

  • 11e · Other revenue, total

    $2,060

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $189,731 · program services $189,731

  • 11g · Fees: other

    total $142,567 · program services $142,567

  • 13 · Office expenses

    total $46,100 · program services $43,527 · management and general $2,573

  • 17 · Travel

    total $2,417 · program services $2,417

  • 19 · Conferences, conventions and meetings

    total $9,625 · program services $9,625

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $339 · program services $339

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,045,037 · end of year $1,233,826

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $200,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,194 · end of year $1,806

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,471 · end of year $10,756

  • 19 · Deferred revenue

    beginning of year $12,005 · end of year $18,750

  • 25 · Other liabilities

    beginning of year $2,571 · end of year $3,291

  • 27 · Net assets without donor restrictions

    beginning of year $1,024,184 · end of year $1,402,835

Mission and programs · 2024

Mission

THE PA CHAMBER FOUNDATION IS A 501(C)(3) PA CHAMBER AFFILIATED ENTITY THAT EXISTS TO SUPPORT THE CHAMBER'S MISSION. THE FOUNDATION WORKS IN PARTNERSHIP WITH THE PA CHAMBER TO ACCELERATE THE PRIORITIES OF THE BUSINESS COMMUNITY AND SUPPORTS RESEARCH AND EDUCATION PROGRAMS THAT POSITIVELY IMPACT PENNSYLVANIA'S COMPETITIVENESS, INFRASTRUCTURE, WORKFORCE DEVELOPMENT AND EQUALITY OF OPPORTUNITY.

  • THE PENNSYLVANIA CHAMBER EDUCATIONAL FOUNDATION IS ENGAGED IN A BOLD, COLLABORATIVE ECONOMIC RESURGENCE INITIATIVE THAT WILL CREATE A FRAMEWORK TO FOSTER LONG-TERM ECONOMIC GROWTH AND EQUALITY OF OPPORTUNITY IN THE COMMONWEALTH. WE'RE BLAZING A BOLD APPROACH THAT EMPHASIZES A COMPETITIVE PENNSYLVANIA, A SOLID INFRASTRUCTURE AND A STRONGER WORKFORCE THROUGH STRATEGIES THAT WILL LEAD TO A ROBUST ECONOMY AND EXPANDED OPPORTUNITIES.IN 2024, THE PA CHAMBER EDUCATIONAL FOUNDATION HOSTED AN ANNUAL ECONOMIC FORECAST SUMMIT. DESIGNED FOR CORPORATE EXECUTIVES, FINANCIAL OFFICERS, BOARD MEMBERS, AND INVESTORS, THE EVENT EDUCATED ATTENDEES ABOUT THE STATE OF THE COMMONWEALTH AND NATIONAL ECONOMIES BOTH NOW AND IN THE YEAR AHEAD. THE AGENDA FEATURED EXPERT ECONOMIC ANALYSTS, FORECASTERS, AND INNOVATION FUTURISTS WHO PROVIDED INSIGHTS TO HELP BUSINESS LEADERS UNDERSTAND DETAILS OF THE CURRENT ECONOMY AND PREPARE FOR WHAT'S COMING. A RECEPTION FOLLOWING THE EVENT HONORED FORMER PA CHAMBER PRESIDENT AND CEO GENE BARR, WHO EARNED THE CENTRAL PENN BUSINESS JOURNAL'S "ICON HONORS" AWARD FOR HIS SUCCESS AND LEADERSHIP WHILE AT THE HELM OF THE PA CHAMBER. CIVIL DISCOURSE AND CIVICS EDUCATION PLAY A CRITICAL ROLE IN MAINTAINING A FUNCTIONAL DEMOCRACY, AND IT'S INCREASINGLY IMPORTANT TO ENCOURAGE STUDENT ENGAGEMENT IN CIVICS SO YOUNG PEOPLE CAN BECOME FUTURE ENGAGED CITIZENS. IN 2024, THE PENNSYLVANIA CHAMBER FOUNDATION WAS PROUD TO CARRY ON ITS TWO-YEAR TRADITION WITH THE U.S. CHAMBER OF COMMERCE FOUNDATION AND CHAMBERS OF COMMERCE THROUGHOUT PENNSYLVANIA TO HOST THE PENNSYLVANIA CIVICS BEE AN AFFILIATE OF THE NATIONAL CIVICS BEE, WHICH ENCOURAGES YOUNG AMERICANS IN 6TH, 7TH, AND 8TH GRADE TO ENGAGE IN CIVICS AND CONTRIBUTE TO THEIR COMMUNITIES. MODELED ON TRADITIONAL SPELLING AND GEOGRAPHY BEES, THE COMPETITION ALLOWS STUDENTS TO WIN RECOGNITION AND EARN CASH PRIZES BY SHARING IDEAS FOR IMPROVING THEIR COMMUNITIES AND SHOWING THEIR KNOWLEDGE AND ENTHUSIASM FOR CIVICS. THE WINNER OF THE PENNSYLVANIA CIVICS BEE WENT ON TO COMPETE IN THE INAUGURAL NATIONAL CIVICS BEE NATIONAL CHAMPIONSHIP, WHICH TOOK PLACE IN WASHINGTON, D.C., IN NOVEMBER 2024.

    Expenses $388,206

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MR LUKE BERNSTEIN

    PRESIDENT

    Total calculated
    $760,674
    From this org
    $0
    From related orgs
    $722,227
    Other
    $38,447
    Hours/week
    1 + 50.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,196 related
    Bonus
    $0 + $228,431 related
    Other
    $0 + $9,600 related
    Deferred
    $0 + $10,078 related
    Nontaxable benefits
    $0 + $28,369 related
    Filer's total
    $0 + $760,674 related

  • MR RICHARD EHST

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR J GARY LANGMUIR

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR DAVID KERR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR MARC LUCCA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR DAVID TAYLOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR JOHN LAWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR DANIEL ONORATO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MS JEWELL LESTER

    VICE PRESIDENT

    Total calculated
    $255,665
    From this org
    $0
    From related orgs
    $236,984
    Other
    $18,681
    Hours/week
    1 + 43.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,269 related
    Bonus
    $0 + $40,515 related
    Other
    $0 + $7,200 related
    Deferred
    $0 + $4,596 related
    Nontaxable benefits
    $0 + $14,085 related
    Filer's total
    $0 + $255,665 related

  • MR SETH KEITER

    TREASURER

    Total calculated
    $129,164
    From this org
    $0
    From related orgs
    $109,750
    Other
    $19,414
    Hours/week
    1 + 37.25 related

  • MS CARISSA BURGETT

    SECRETARY

    Total calculated
    $90,604
    From this org
    $0
    From related orgs
    $87,173
    Other
    $3,431
    Hours/week
    1 + 43.25 related

  • ELIZABETH BOLDEN

    EXECUTIVE DIRECTOR

    Total calculated
    $172,074
    From this org
    $0
    From related orgs
    $155,749
    Other
    $16,325
    Hours/week
    43.25

    Schedule J breakdown matched by us

    Base
    $0 + $155,749 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,292 related
    Nontaxable benefits
    $0 + $15,033 related
    Filer's total
    $0 + $172,074 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
RELATED ORGANIZATION USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - WRITTEN EMPLOYMENT CONTRACT

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
17 October 2025
IRS schema version
2024v5.2
Source object
202523019349300417

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.