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Nonprofiteer
← GREATER READING CHAMBER OF COMMERCE & INDUSTRY

Form 990 for tax year 2023

Filed by GREATER READING CHAMBER OF COMMERCE & INDUSTRY.

Totals

Total revenue
$1,924,013
Total expenses
$1,911,610
Contributions and grants received
$21,669
Grants paid
$0
Program service revenue
$1,685,862
Investment income
$38,360
Other revenue
$178,122
Total assets, end of year
$4,137,729
Total liabilities, end of year
$599,815
Net assets or fund balances, end of year
$3,537,914
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1d · Related organizations

    $21,669

  • 2a · Program service revenue: PROGRAMS & SPECIAL ACTIVITIES

    total $637,137 · related or exempt $637,137

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $620,843 · related or exempt $620,843

  • 2c · Program service revenue: PUBLIC TRAINING PROGRAMS

    total $254,699 · related or exempt $254,699

  • 2d · Program service revenue: IN-HOUSE TRAINING PROGRAMS

    total $135,608 · related or exempt $135,608

  • 2e · Program service revenue: CATALYST REVENUE

    total $28,050 · related or exempt $28,050

  • 2f · All other program service revenue

    total $9,525 · related or exempt $9,525

  • 3 · Investment income

    total $67,278 · excluded $67,278

  • 7a · Gross sales of assets other than inventory

    securities $1,215,761

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

    securities $1,244,679

  • 7c · Gain or loss

    securities -$28,918

  • 7d · Net gain or loss

    total -$28,918 · excluded -$28,918

  • 11a · Other revenue: OTHER

    total $91,984 · related or exempt $12,486 · excluded $79,498

  • 11b · Other revenue: EMPLOYEE RETENTION CREDIT

    total $36,479 · related or exempt $36,479

  • 11c · Other revenue: E-NEWSLETTER

    total $31,659 · related or exempt $10,159 · unrelated business $21,500

  • 11d · All other revenue

    total $18,000 · related or exempt $4,800 · unrelated business $13,200

  • 11e · Other revenue, total

    $178,122

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $106,736

  • 7 · Other salaries and wages

    total $537,432

  • 8 · Pension plan contributions

    total $30,830

  • 9 · Other employee benefits

    total $45,175

  • 10 · Payroll taxes

    total $48,120

  • 11c · Fees: accounting

    total $41,320

  • 11f · Fees: investment management

    total $9,696

  • 11g · Fees: other

    total $73,362

  • 12 · Advertising and promotion

    total $42,906

  • 13 · Office expenses

    total $21,464

  • 14 · Information technology

    total $48,124

  • 16 · Occupancy

    total $182,086

  • 17 · Travel

    total $25,817

  • 20 · Interest

    total $1,427

  • 22 · Depreciation, depletion and amortization

    total $31,659

  • 23 · Insurance

    total $18,009

  • 24a · Other expenses: SPECIAL ACTIVITIES

    total $431,766

  • 24b · Other expenses: PUBLIC TRAINING PROGRAM

    total $83,397

  • 24c · Other expenses: IN-HOUSE TRAINING PROGR

    total $81,016

  • 24d · Other expenses: MEMBERSHIPS / DUES EXPE

    total $34,663

  • 24e · All other expenses

    total $16,605

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $248,957 · end of year $241,762

  • 3 · Pledges and grants receivable

    beginning of year $12,719 · end of year $19,444

  • 9 · Prepaid expenses and deferred charges

    beginning of year $119,411 · end of year $116,178

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

    $922,220

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

    $533,849

  • 10c · Land, buildings and equipment, net

    beginning of year $397,155 · end of year $388,371

  • 11 · Investments: publicly traded securities

    beginning of year $1,978,800 · end of year $2,241,668

  • 15 · Other assets

    beginning of year $1,183,870 · end of year $1,130,306

  • 17 · Accounts payable and accrued expenses

    beginning of year $255,738 · end of year $231,854

  • 19 · Deferred revenue

    beginning of year $298,017 · end of year $326,263

  • 23 · Secured mortgages and notes payable

    beginning of year $48,315 · end of year $41,698

  • 27 · Net assets without donor restrictions

    beginning of year $3,338,842 · end of year $3,537,914

Mission and programs · 2023

Mission

TO PROVIDE RESOURCES AND ADVOCATE FOR BUSINESS, PROVIDE NETWORK OPPORTUNITIES, PROVIDE BUSINESS AND TECHNICAL ASSISTANCE TO NEW AND EXPANDING BUSINESSES, TO PROVIDE EDUCATION AND TRAINING, AND ADVOCATE FOR AN ENVIRONMENT OF ECONOMIC GROWTH.

  • THE ORGANIZATION PROVIDES MANY RESOURCES TO MEMBERSHIP INCLUDING A MEMBERSHIP DIRECTORY, NEWSLETTER, CERTIFICATES OF ORIGIN, SALARY SURVEYS AND A RELOCATION GUIDE.

  • THE ORGANIZATION PROVIDES VARIOUS PROGRAMS TO THEIR MEMBERSHIP SUCH AS TRAINING, EDUCATIONAL PROGRAMS, BUSINESS DEVELOPMENT ACTIVITIES, AND OTHER SERVICES. THESE ACTIVITIES ARE LISTED ON PART VIII OF FORM 990, LINE 2.

  • THE ORGANIZATION PROVIDES MANY RESOURCES TO THE MEMBERSHIP INCLUDING NETWORKING OPPORTUNITIES AND BUSINESS AND TECHNICAL SUPPORT TO BUSINESSES.

As filed on the 2023 return.

Listed in Part VII

  • Michele Richards

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sara Kuzma-Stump

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Gregg A Bogia

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Laura Haffner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jack Gombach

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alba Fernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Dietrich

    SOLICITOR

    Total calculated
    $0
    Hours/week
    1

  • David W Stonesifer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Sarro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Perate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Ross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristin Kohler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Richards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Weidenhammer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Riley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lucy Cortez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Redner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrea Funk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Becky Eshbach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Gring

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel B Laws Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Bonner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ben Leisawitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rodney Ridley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alan Shuman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Dietrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joey Jurgielewicz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Encarnacion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristi Gage-Linderman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Gerlach

    CEO/PRESIDENT

    Total calculated
    $322,601
    From this org
    $0
    From related orgs
    $304,341
    Other
    $18,260
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,341 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,260 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $322,601 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

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
PLEASE NOTE THAT THE WAGES REPORTED IN SCHEDULE J REFLECT COMPENSATION FROM RELATED ORGANIZATIONS. ONLY A PORTION OF THESE WAGES IS INCLUDED IN THIS RETURN ON PART IX, CORRESPONDING TO THE TIME AND SERVICES DEDICATED TO THE ACTIVITIES OF THIS ORGANIZATION. THE REPORTED AMOUNTS ARE IN ACCORDANCE WITH THE ALLOCATION RULES AS PER THE IRS GUIDELINES FOR RELATED ORGANIZATIONS.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 August 2024
IRS schema version
2023v5.1
Source object
202442439349300709

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