Form 990 for tax year 2022
Filed by LANCASTER CHAMBER OF COMMERCE AND INDUSTRY.
Totals
- Total revenue
- $2,471,476
- Total expenses
- $2,379,896
- Contributions and grants received
- $586,732
- Grants paid
- $0
- Program service revenue
- $1,724,866
- Investment income
- $21,853
- Other revenue
- $138,025
- Total assets, end of year
- $4,067,110
- Total liabilities, end of year
- $2,409,005
- Net assets or fund balances, end of year
- $1,658,105
- 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.
-
1c · Fundraising events
$281,000
-
1d · Related organizations
$69,432
-
1f · All other contributions, gifts and grants
$236,300
-
2a · Program service revenue: MEMBERSHIP DUES
total $1,245,638 · related or exempt $1,245,638
-
2b · Program service revenue: TRAINING AND EVENTS
total $447,222 · related or exempt $447,222
-
2c · Program service revenue: ADVERTISING AND PUBL.
total $32,006 · related or exempt $26,460 · unrelated business $5,546
-
3 · Investment income
total $21,853 · excluded $21,853
-
6a · Gross rents
real property $158,800 · personal property $29,800
-
6b · Less rental expenses
real property $116,608 · personal property $7,392
-
6c · Rental income or loss
real property $42,192 · personal property $22,408
-
6d · Net rental income or loss
total $64,600 · unrelated business $22,408 · excluded $42,192
-
8a · Fundraising events: gross income
$599,470
-
8a · Fundraising events: contributions included on line 1c
$281,000
-
8b · Fundraising events: direct expenses
$607,646
-
8c · Net income from fundraising events
total -$8,176 · excluded -$8,176
-
11a · Other revenue: ADMINISTRATIVE FEES
total $78,551 · unrelated business $51,000 · excluded $27,551
-
11b · Other revenue: BAD DEBT RECOVERY
total $3,050 · excluded $3,050
-
11e · Other revenue, total
$81,601
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $505,441
-
7 · Other salaries and wages
total $611,225
-
8 · Pension plan contributions
total $31,052
-
9 · Other employee benefits
total $43,228
-
10 · Payroll taxes
total $84,529
-
11b · Fees: legal
total $42,405
-
11d · Fees: lobbying
total $124,424
-
11g · Fees: other
total $37,313
-
12 · Advertising and promotion
total $46,241
-
13 · Office expenses
total $94,000
-
14 · Information technology
total $140,273
-
16 · Occupancy
total $236,567
-
17 · Travel
total $21,444
-
19 · Conferences, conventions and meetings
total $33,369
-
20 · Interest
total $14,248
-
22 · Depreciation, depletion and amortization
total $90,800
-
23 · Insurance
total $20,301
-
24a · Other expenses: SPEC. EVENTS, TRAINING
total $132,061
-
24b · Other expenses: OTHER PROGRAM EXPENSES
total $60,297
-
24c · Other expenses: DUES
total $10,678
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $402 · end of year $529
-
2 · Savings and temporary cash investments
beginning of year $492,499 · end of year $538,352
-
4 · Accounts receivable
beginning of year $156,189 · end of year $15,332
-
9 · Prepaid expenses and deferred charges
beginning of year $139,749 · end of year $103,018
-
10a · Land, buildings and equipment: cost or other basis
$1,260,814
-
10b · Land, buildings and equipment: accumulated depreciation
$180,597
-
10c · Land, buildings and equipment, net
beginning of year $1,136,239 · end of year $1,080,217
-
11 · Investments: publicly traded securities
beginning of year $856,908 · end of year $842,973
-
12 · Investments: other securities
beginning of year $1,000 · end of year $1,000
-
14 · Intangible assets
end of year $1,485,689
-
17 · Accounts payable and accrued expenses
beginning of year $74,186 · end of year $129,149
-
19 · Deferred revenue
beginning of year $228,704 · end of year $23,440
-
24 · Unsecured notes and loans payable
beginning of year $400,000 · end of year $330,160
-
25 · Other liabilities
beginning of year $477,783 · end of year $1,926,256
-
27 · Net assets without donor restrictions
beginning of year $1,602,313 · end of year $1,658,105
Mission and programs · 2022
Mission
THE LANCASTER CHAMBER OF COMMERCE & INDUSTRY'S MISSION IS TO CREATE THE ENVIRONMENT, FACILITATE PARTNERSHIPS, AND LEAD ON ISSUES THAT ELEVATE BUSINESS SUCCESS. THE CHAMBER HAS 5 STRATEGIC PRIORITIES: PUBLIC POLICY, WORKFORCE, BUSINESS SOLUTIONS, DE&I AND CHAMBER EXCELLENCE.
Activities or mission (Part I)
CREATE THE ENVIRONMENT, FACILITATE PARTNERSHIPS, AND LEAD ON ISSUES THAT ELEVATE BUSINESS SUCCESS.
-
IN 2022 THE CHAMBER CELEBRATED ITS 150TH ANNIVERSARY. DURING THE YEAR WE LOOKED BACK AT 114 HISTORICAL MILESTONES AND HAD 2,945 VISITS TO OUR 150TH HISTORICAL BUSINESS TIMELINE. WE HAD 2,400 ATTENDEES ENGAGE WITH US AT OUR THREE ANNIVERSARY CELEBRATION EVENTS. WE ALSO HAD 273,984 IMPRESSIONS ON OUR 150TH SOCIAL MEDIA CONTENT. AS WE WERE CELEBRATING OUR LOCAL BUSINESS HISTORY WE ALSO WERE ACTIVELY INVOLVED WITH OUR MEMBERSHIP AND THE BUSINESS COMMUNITY. WE CONNECTED 65 DISPLACED WORKERS WITH 16 LOCAL BUSINESS FOR EMPLOYMENT AND PRESENTED 90 SPEAKERS TO OUR COMMUNITY, 50 OF THEM WERE WOMEN AND 24% REPRESENTED MINORITY GROUPS. 8,932 UNIQUE ATTENDEES ENGAGED WITH THE CHAMBER AT 133 EVENTS. WE CELEBRATED 28 BUSINESS GRAND OPENINGS, ANNIVERSARIES & NEW LOCATIONS WITH RIBBON CUTTINGS. TEN MINORITY BUSINESS ENTREPRENEURS PARTICIPATED IN THE INAUGURAL WORDS INTO ACTION: UNDERREPRESENTED BUSINESS PARTNERSHIP. 179 NEW MEMBERS JOINED THE CHAMBER NETWORK OF BUSINESSES AND ORGANIZTIONS LOOKING TO CONNECT AND MAKE A SUSTAINABLE IMPACT ON THE FUTURE OF OUR COUNTY. WE PROVIDED TRAINING TO 688 EMPLOYEES THROUGH OUR 23 PROFESSIONAL DEVELOPMENT OFFERINGS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Thomas T BaldrigeTHOMAS T BALDRIGE
PRESIDENT & CEO (UNTIL 6/22)
- Total calculated
- $166,847
- From this org
- $138,339
- From related orgs
- $0
- Other
- $28,508
- Hours/week
- 36.25 + 1.25 related
Schedule J breakdown matched by us
- Base
- $117,339
- Bonus
- $10,000
- Other
- $11,000
- Deferred
- $13,500
- Nontaxable benefits
- $15,008
- Filer's total
- $166,847
-
Scott FioreSCOTT FIORE
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
John SerokyJOHN SEROKY
CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
Andy DulaANDY DULA
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 6
-
Dr Daniel A WubahDR DANIEL A WUBAH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Donna KreiserDONNA KREISER
OFFICER AT LARGE
- Total calculated
- $0
- Hours/week
- 6
-
Grant MarkleyGRANT MARKLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Katie SandoeKATIE SANDOE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Michele BallietMICHELE BALLIET
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Alex BrameALEX BRAME
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Vanessa PhilbertVANESSA PHILBERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Rachel GallagherRACHEL GALLAGHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Miguel NistalMIGUEL NISTAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Michel VermetteMICHEL VERMETTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Stacy WhiselSTACY WHISEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Heather ValudesHEATHER VALUDES
PRESIDENT & CEO
- Total calculated
- $169,001
- From this org
- $137,333
- From related orgs
- $0
- Other
- $31,668
- Hours/week
- 36.25 + 1.25 related
Schedule J breakdown matched by us
- Base
- $125,333
- Bonus
- $6,000
- Other
- $6,000
- Deferred
- $14,138
- Nontaxable benefits
- $17,530
- Filer's total
- $169,001
-
Carrie WillettsCARRIE WILLETTS
BOARD MEMBER(UNTIL 7/22)
- Total calculated
- $0
- Hours/week
- 3
-
Steven ProginSTEVEN PROGIN
FINANCE DIRECTOR (UNTIL 11/22)
- Total calculated
- $97,877
- From this org
- $77,251
- From related orgs
- $0
- Other
- $20,626
- Hours/week
- 36.25 + 1.25 related
-
Julie HouckJULIE HOUCK
DIRECTOR OF FINANCE
- Total calculated
- $71,716
- From this org
- $52,836
- From related orgs
- $0
- Other
- $18,880
- Hours/week
- 36.25 + 1.25 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
- 3 · Compensation committee
- 3 · Compensation survey or study
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4A
- THOMAS BALDRIGE, PRESIDENT AND CEO, RECEIVED A $5,000 SEVERANCE PAYMENT UPON HIS RETIREMENT FROM THE ORGANIZATION.
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.
-
THE FOUNDATION OF THE LANCASTER CHAMBER
501(C)(3) · PROVIDE FUNDING AND SCHOLARSHIPS · PA
-
501(C)(2) · TITLE HOLDING COMPANY · PA
Directly controlled by THE FOUNDATION OF THE LANCASTER CHAMBER
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
LANCASTER CHAMBER BIZCORP
C · COMMERCIAL ACTIVITIES · PA · 100% owned · share of income $150 · share of assets $89,299 · controlled entity
Directly controlled by LANCASTER CHAMBER OF COMMERCE AND INDUSTRY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323129349302562
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