Form 990 for tax year 2024
Filed by GREATER READING CHAMBER OF COMMERCE & INDUSTRY.
Totals
- Total revenue
- $1,861,771
- Total expenses
- $1,758,767
- Contributions and grants received
- $22,765
- Grants paid
- $0
- Program service revenue
- $1,550,709
- Investment income
- $150,163
- Other revenue
- $138,134
- Total assets, end of year
- $4,369,113
- Total liabilities, end of year
- $592,203
- Net assets or fund balances, end of year
- $3,776,910
- 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
$10,000
-
1f · All other contributions, gifts and grants
$12,765
-
2a · Program service revenue: MEMBERSHIP DUES
total $663,095 · related or exempt $663,095
-
2b · Program service revenue: PROGRAMS & SPECIAL ACT
total $541,551 · related or exempt $541,551
-
2c · Program service revenue: PUBLIC TRAINING PROGRA
total $219,863 · related or exempt $219,863
-
2d · Program service revenue: IN-HOUSE TRAINING PROG
total $83,425 · related or exempt $83,425
-
2e · Program service revenue: CATALYST REVENUE
total $31,525 · related or exempt $31,525
-
2f · All other program service revenue
total $11,250 · related or exempt $11,250
-
3 · Investment income
total $104,524 · excluded $104,524
-
7a · Gross sales of assets other than inventory
securities $832,074
-
7b · Less cost or other basis and sales expenses
securities $786,435
-
7c · Gain or loss
securities $45,639
-
7d · Net gain or loss
total $45,639 · excluded $45,639
-
11a · Other revenue: OTHER
total $81,933 · related or exempt $14,516 · excluded $67,417
-
11b · Other revenue: E-NEWSLETTER
total $32,651 · related or exempt $10,851 · unrelated business $21,800
-
11c · Other revenue: ELETRONIC/WEBSITE
total $19,650 · unrelated business $19,650
-
11d · All other revenue
total $3,900 · related or exempt $3,900
-
11e · Other revenue, total
$138,134
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $70,680
-
6 · Compensation of disqualified persons
total $554,512
-
7 · Other salaries and wages
total $44,645
-
8 · Pension plan contributions
total $30,078
-
10 · Payroll taxes
total $48,726
-
11a · Fees: management
total $38,411
-
11c · Fees: accounting
total $27,102
-
11f · Fees: investment management
total $10,882
-
11g · Fees: other
total $29,563
-
12 · Advertising and promotion
total $52,227
-
13 · Office expenses
total $30,327
-
14 · Information technology
total $48,700
-
16 · Occupancy
total $171,171
-
17 · Travel
total $18,671
-
20 · Interest
total $1,215
-
22 · Depreciation, depletion and amortization
total $32,720
-
23 · Insurance
total $20,813
-
24a · Other expenses: SPECIAL ACTIVITIES
total $362,114
-
24b · Other expenses: PUBLIC TRAINING PROGRAM
total $78,505
-
24c · Other expenses: IN-HOUSE TRAINING PROGR
total $37,819
-
24d · Other expenses: MEMBERSHIPS / DUES EXPE
total $30,559
-
24e · All other expenses
total $19,327
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $241,762 · end of year $247,441
-
3 · Pledges and grants receivable
beginning of year $19,444 · end of year $11,851
-
9 · Prepaid expenses and deferred charges
beginning of year $116,178 · end of year $112,494
-
10a · Land, buildings and equipment: cost or other basis
$935,800
-
10b · Land, buildings and equipment: accumulated depreciation
$559,754
-
10c · Land, buildings and equipment, net
beginning of year $388,371 · end of year $376,046
-
11 · Investments: publicly traded securities
beginning of year $2,241,668 · end of year $2,481,205
-
15 · Other assets
beginning of year $1,130,306 · end of year $1,140,076
-
17 · Accounts payable and accrued expenses
beginning of year $231,854 · end of year $224,830
-
19 · Deferred revenue
beginning of year $326,263 · end of year $332,504
-
23 · Secured mortgages and notes payable
beginning of year $41,698 · end of year $34,869
-
27 · Net assets without donor restrictions
beginning of year $3,537,914 · end of year $3,776,910
Mission and programs · 2024
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 2024 return.
Listed in Part VII
-
Michele RichardsMICHELE RICHARDS
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sara Kuzma-StumpSARA KUZMA-STUMP
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Laura HaffnerLAURA HAFFNER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jack GombachJACK GOMBACH
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Alan ShumanALAN SHUMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Brian DietrichBRIAN DIETRICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan EncarnacionJONATHAN ENCARNACION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Alba FernandezALBA FERNANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jenn FreesJENN FREES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea FunkANDREA FUNK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joey JurgielewiczJOEY JURGIELEWICZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristin KohlerKRISTIN KOHLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel B Laws JrDANIEL B LAWS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristi Gage-LindermanKRISTI GAGE-LINDERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ben LeisawitzBEN LEISAWITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John PerateJOHN PERATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jaime PerezJAIME PEREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Radha PyatiRADHA PYATI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan RednerRYAN REDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel RichardsDANIEL RICHARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rodney RidleyRODNEY RIDLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike RileyMIKE RILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin RossBENJAMIN ROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim SarroJIM SARRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris ShelhammerCHRIS SHELHAMMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad StephensonBRAD STEPHENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David W StonesiferDAVID W STONESIFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
John WeidenhammerJOHN WEIDENHAMMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lucine Sihelnik - CeoLUCINE SIHELNIK - CEO
CEO/PRESIDENT
- Total calculated
- $211,143
- From this org
- $0
- From related orgs
- $184,689
- Other
- $26,454
- Hours/week
- 15 + 25 related
Schedule J breakdown matched by us
- Base
- $0 + $184,689 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,081 related
- Nontaxable benefits
- $0 + $15,373 related
- Filer's total
- $0 + $211,143 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
- 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.
-
BERKS COUNTY CHAMBER FOUNDATION
501(C)(3) · ADVANCEMENT · PA
-
GREATER READING CHAMBER & ECONOMIC DEVELOPMENT CORPORATION
501(C)(3) · ADVANCEMENT · PA
-
GREATER BERKS DEVELOPMENT FUND
501(C)(4) · ADVANCEMENT · PA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 June 2025
- IRS schema version
- 2024v5.2
- Source object
- 202521769349301017
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