Form 990 for tax year 2023

Totals

Total revenue

$242,673

Total expenses

$154,874

Contributions and grants received

$222,014

Grants paid

$0

Program service revenue

$4,160

Investment income

$23,955

Other revenue

-$7,456

Total assets, end of year

$1,052,231

Total liabilities, end of year

$28,047

Net assets or fund balances, end of year

$1,024,184

Program services expenses (Part IX)

$150,160

Management and general expenses

$4,714

Fundraising expenses

$0

Program service expenses (Part III)

$150,160

Program services were 97.0% 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.

Mission and programs · 2023

• 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 2023, THE PA CHAMBER EDUCATIONAL FOUNDATION HOSTED AN ANNUAL ECONOMIC SUMMIT FORECAST. THIS EVENT WAS DESIGNED FOR COMPANY PRESIDENTS, EXECUTIVE OFFICERS, BUSINESS OWNERS, FINANCIAL OFFICERS, TREASURERS, BOARD MEMBERS AND INVESTORS. THIS EVENT PRESENTED SOME OF THE NATION'S MOST RESPECTED ECONOMIC FORECASTERS, ANALYSTS AND INNOVATION FUTURISTS WHO PROVIDED INSIGHTS TO HELP BUSINESS LEADERS UNDERSTAND THE DETAILS OF THE CURRENT ECONOMY AND PREPARE FOR WHAT IS EXPECTED IN THE FUTURE.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 2023, THE PENNSYLVANIA CHAMBER EDUCATIONAL FOUNDATION WAS PROUD TO PARTNER WITH THE U.S. CHAMBER OF COMMERCE FOUNDATION AND CHAMBERS OF COMMERCE THROUGHOUT PENNSYLVANIA TO HOST THE FIRST-EVER STATEWIDE CIVICS COMPETITION. THE PENNSYLVANIA CIVICS BEE IS AFFILIATED WITH 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 GIVES STUDENTS THE CHANCE 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 HAS SINCE BEEN INVITED TO COMPETE IN THE INAUGURAL NATIONAL CIVICS BEE NATIONAL CHAMPIONSHIP, WHICH WILL TAKE PLACE IN WASHINGTON, D.C., IN FALL 2024.

  Expenses $150,160 · Revenue $4,160

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

• PA CHAMBER OF BUSINESS & INDUSTRY

  501(C)(6) · FRONTLINE ADVOCATE FOR BUSINESS IN PENNSYLVANIA · PA

• PENNSYLVANIA CHAMBER OF BUSINESS & INDUSTRY POLITICAL ACTION COMMITTEE

  527 · PROTECTION & ADVANCEMENT OF BUSINESS CLIMATE IN PA · PA

  Directly controlled by PCBI

• COMMONWEALTH LEADERS CUP

  527 · PROTECTION & ADVANCEMENT OF BUSINESS CLIMATE IN PA · PA

  Directly controlled by PCBI

• CITIZENS TO PROTECT PENNSYLVANIA JOBS

  501(C)(4) · EDUCATE THE GENERAL PUBLIC ABOUT BUSINESS ISSUES · PA

  Directly controlled by PCBI

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.

Provenance

Return type

form_990

Tax year

2023

Filed

28 October 2024

IRS schema version

2023v5.1

Source object

202443069349301204

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

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