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← LCCC TITLE HOLDING INC

Form 990 for tax year 2022

Filed by LCCC TITLE HOLDING INC.

Totals

Total revenue
$34,435
Total expenses
$51,921
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$34,435
Other revenue
$0
Total assets, end of year
$4,504,941
Total liabilities, end of year
$950,033
Net assets or fund balances, end of year
$3,554,908
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.

  • 3 · Investment income

    total $34,435 · excluded $34,435

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $94

  • 20 · Interest

    total $47,804

  • 22 · Depreciation, depletion and amortization

    total $4,023

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,676 · end of year $80,951

  • 4 · Accounts receivable

    beginning of year $138,305 · end of year $172,740

  • 7 · Other notes and loans receivable

    beginning of year $4,251,250 · end of year $4,251,250

  • 23 · Secured mortgages and notes payable

    beginning of year $1,002,525 · end of year $950,033

  • 27 · Net assets without donor restrictions

    beginning of year $3,412,706 · end of year $3,554,908

Mission and programs · 2022

Mission

TO HOLD TITLE TO PROPERTY, COLLECT THE INCOME THEREON, AND TURN OVER THE INCOME, LESS EXPENSES, TO THE FOUNDATION OF THE LANCASTER CHAMBER.

Activities or mission (Part I)

HOLD TITLE TO PROPERTY OF THE FOUNDATION OF THE LANCASTER CHAMBER.

  • LCCC TITLE HOLDING INC HOLDS THE TITLE TO THE PROPERTY OF THE FOUNDATION OF THE LANCASTER CHAMBER. PURSUANT TO THE RULES RELATED TO TITLE-HOLDING COMPANIES EXEMPT UNDER INTERNAL REVENUE CODE 501(C)(2), THE ORGANIZATION WILL DISTRIBUTE ITS NET INCOME TO THE FOUNDATION ON AN ANNUAL BASIS.

As filed on the 2022 return.

Listed in Part VII

  • Thomas Baldrige

    EXEC. DIRECTOR/PRES. (UNTIL 6/22)

    Total calculated
    $166,847
    From this org
    $0
    From related orgs
    $138,339
    Other
    $28,508
    Hours/week
    0.25 + 36.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $117,339 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $11,000 related
    Deferred
    $0 + $13,500 related
    Nontaxable benefits
    $0 + $15,008 related
    Filer's total
    $0 + $166,847 related

  • Steven Geisenberger

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Daniel Fichtner

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Jeff Peeling

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Heather Valudes

    PRESIDENT/CEO

    Total calculated
    $169,001
    From this org
    $0
    From related orgs
    $137,333
    Other
    $31,668
    Hours/week
    0.25 + 36.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,333 related
    Bonus
    $0 + $6,000 related
    Other
    $0 + $6,000 related
    Deferred
    $0 + $14,138 related
    Nontaxable benefits
    $0 + $17,530 related
    Filer's total
    $0 + $169,001 related

  • Steven Progin

    FINANCE DIRECTOR (UNTIL 11/22)

    Total calculated
    $97,877
    From this org
    $0
    From related orgs
    $77,251
    Other
    $20,626
    Hours/week
    0.25 + 36.25 related

  • Julie Houck

    DIRECTOR OF FINANCE

    Total calculated
    $71,716
    From this org
    $0
    From related orgs
    $52,836
    Other
    $18,880
    Hours/week
    0.25 + 36.25 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

The filer's explanations (Part III)

PART I, LINE 3
A RELATED ORGANIZATION, LANCASTER CHAMBER OF COMMERCE & INDUSTRY, USES A COMPENSATION COMMITTEE AND COMPENSATION SURVEYS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR.

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
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202313129349301606

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