Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $224,802

• 1f · All other contributions, gifts and grants

  $396,867

• 2a · Program service revenue: ADMINISTRATIVE FEES

  total $176,570 · related or exempt $176,570

• 2b · Program service revenue: COMMITMENT FEES

  total $88,347 · related or exempt $88,347

• 2c · Program service revenue: REVOLVING LOAN INTEREST

  total $73,615 · related or exempt $73,615

• 2d · Program service revenue: DIRECT FINANCING LEASE INT

  total $27,784 · related or exempt $27,784

• 2e · Program service revenue: MISCELLANEOUS PROGRAM INCOME

  total $18 · related or exempt $18

• 3 · Investment income

  total $45,657 · excluded $45,657

• 7a · Gross sales of assets other than inventory

  securities $186,701

• 7b · Less cost or other basis and sales expenses

  securities $216,075

• 7c · Gain or loss

  securities -$29,374

• 7d · Net gain or loss

  total -$29,374 · excluded -$29,374

Functional expenses

Part IX, the statement of functional expenses.

• 11f · Fees: investment management

  total $7,431 · management and general $7,431

• 11g · Fees: other

  total $29,197 · management and general $29,197

• 12 · Advertising and promotion

  total $10,848 · program services $10,848

• 13 · Office expenses

  total $57,063 · program services $22,556 · management and general $34,283 · fundraising $224

• 14 · Information technology

  total $1,153 · program services $1,115 · management and general $38

• 16 · Occupancy

  total $115,071 · program services $71,023 · management and general $36,688 · fundraising $7,360

• 17 · Travel

  total $3,685 · program services $2,699 · management and general $986

• 19 · Conferences, conventions and meetings

  total $2,423 · program services $1,358 · management and general $1,065

• 20 · Interest

  total $31,232 · program services $29,958 · management and general $1,061 · fundraising $213

• 23 · Insurance

  total $18,863 · program services $6,278 · management and general $12,585

• 24a · Other expenses: CHAMBER PAYROLL EXPENSES

  total $707,509 · program services $446,094 · management and general $217,736 · fundraising $43,679

• 24b · Other expenses: REPAIRS/MAINTENANCE

  total $24,811 · program services $15,644 · management and general $7,635 · fundraising $1,532

• 24c · Other expenses: MISCELLANEOUS

  total $11,468 · program services $6,897 · management and general $4,571

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $26,150 · end of year $19,500

• 2 · Savings and temporary cash investments

  beginning of year $183,601 · end of year $184,671

• 3 · Pledges and grants receivable

  beginning of year $44,531 · end of year $36,436

• 4 · Accounts receivable

  beginning of year $7,088 · end of year $30,833

• 11 · Investments: publicly traded securities

  beginning of year $810,571 · end of year $992,509

• 15 · Other assets

  beginning of year $4,102,154 · end of year $3,905,634

• 17 · Accounts payable and accrued expenses

  beginning of year $33,077 · end of year $22,683

• 21 · Escrow or custodial account liability

  beginning of year $43,458 · end of year $115

• 23 · Secured mortgages and notes payable

  beginning of year $1,062,638 · end of year $916,499

• 25 · Other liabilities

  end of year $65,805

• 29 · Capital stock, trust principal or current funds

  beginning of year $330 · end of year $330

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $99,670 · end of year $99,670

• 31 · Retained earnings, endowment or other funds

  beginning of year $3,934,922 · end of year $4,064,481

The filer's explanations (Part III)

SCHEDULE J, PART III

SCHEDULE J, PART I, LINE 3 COMPENSATION FOR THE PRESIDENT/CEO IS SET BY A RELATED ORGANIZATION, THE HARRISBURG REGIONAL CHAMBER (THE CHAMBER). THE CHAMBER USES A COMPENSATION COMMITTEE AND APPROVAL BY THE EXECUTIVE COMMITTEE WHEN SETTING THE COMPENSATION OF THE PRESIDENT/CEO.