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Nonprofiteer
← CARLISLE AREA DEVELOPMENT CORPORATION INC

Form 990 for tax year 2024

Filed by CARLISLE AREA DEVELOPMENT CORPORATION INC.

Totals

Total revenue
$353,480
Total expenses
$258,842
Contributions and grants received
$131,701
Grants paid
$0
Program service revenue
$185,827
Investment income
$10,469
Other revenue
$25,483
Total assets, end of year
$819,979
Total liabilities, end of year
$84,265
Net assets or fund balances, end of year
$735,714
Program services expenses (Part IX)
$167,817
Management and general expenses
$82,300
Fundraising expenses
$8,725
Program service expenses (Part III)
$167,817

Program services were 64.8% 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.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $8,615

  • 1e · Government grants (contributions)

    $45,074

  • 1f · All other contributions, gifts and grants

    $78,012

  • 2a · Program service revenue: EDUCATIONAL PROGRAMS

    total $183,640 · related or exempt $183,640

  • 2b · Program service revenue: ECONOMIC LOAN PROGRAM

    total $2,187 · related or exempt $2,187

  • 3 · Investment income

    total $10,469 · excluded $10,469

  • 6a · Gross rents

    real property $15,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $15,000

  • 6d · Net rental income or loss

    total $15,000 · excluded $15,000

  • 8a · Fundraising events: gross income

    $19,213

  • 8a · Fundraising events: contributions included on line 1c

    $8,615

  • 8b · Fundraising events: direct expenses

    $8,730

  • 8c · Net income from fundraising events

    total $10,483 · excluded $10,483

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $51,093 · program services $38,771 · management and general $10,529 · fundraising $1,793

  • 8 · Pension plan contributions

    total $2,441 · program services $2,441

  • 9 · Other employee benefits

    total $5,692 · program services $3,400 · management and general $2,075 · fundraising $217

  • 10 · Payroll taxes

    total $3,830 · program services $2,711 · management and general $1,008 · fundraising $111

  • 11g · Fees: other

    total $2,956 · program services $415 · management and general $2,541

  • 16 · Occupancy

    total $46,542 · program services $27,930 · management and general $18,612

  • 19 · Conferences, conventions and meetings

    total $49,077 · program services $49,077

  • 20 · Interest

    total $225 · program services $225

  • 22 · Depreciation, depletion and amortization

    total $4,431 · program services $3,415 · management and general $867 · fundraising $149

  • 23 · Insurance

    total $2,394 · program services $1,758 · management and general $581 · fundraising $55

  • 24a · Other expenses: EXPENSE REIMBURSEMENT

    total $80,000 · program services $37,600 · management and general $36,000 · fundraising $6,400

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $10,000 · management and general $10,000

  • 24c · Other expenses: MISCELLANEOUS

    total $161 · program services $74 · management and general $87

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,152 · end of year $26,629

  • 2 · Savings and temporary cash investments

    beginning of year $240,880 · end of year $453,831

  • 4 · Accounts receivable

    beginning of year $3,444 · end of year $30,433

  • 7 · Other notes and loans receivable

    beginning of year $173,292 · end of year $0

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

    $265,060

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

    $28,802

  • 10c · Land, buildings and equipment, net

    beginning of year $203,865 · end of year $236,258

  • 15 · Other assets

    beginning of year $22,822 · end of year $72,828

  • 17 · Accounts payable and accrued expenses

    beginning of year $472 · end of year $3,257

  • 19 · Deferred revenue

    beginning of year $7,921 · end of year $67,340

  • 25 · Other liabilities

    beginning of year $16,986 · end of year $13,668

  • 27 · Net assets without donor restrictions

    beginning of year $641,076 · end of year $735,714

Mission and programs · 2024

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF CARRYING OUT AND SUPPORTING THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE GREATER CARLISLE AREA CHAMBER OF COMMERCE.

  • ENCOURAGEMENT OF ECONOMIC DEVELOPMENT IN THE CARLISLE, PENNSYLVANIA AREA BY OFFERING COMPETITIVE FINANCING ARRANGEMENTS AND BY PROVIDING INFORMATION TO THE BUSINESS COMMUNITY (PRESENTLY THE CORPORATION HAS 2 LOANS OUTSTANDING).

    Expenses $3,356 · Revenue $2,187

  • PROVIDING EDUCATIONAL PROGRAMMING AND SERVICES TO BUSINESSES FOR WORKFORCE DEVELOPMENT, ECONOMIC DEVELOPMENT, DIVERSITY IN WORKPLACE AND SUPPLIER CHAINS AND REGIONAL ASSETS.

    Expenses $164,461 · Revenue $183,640

As filed on the 2024 return.

Listed in Part VII

  • Ashleigh Goss

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Barrie Ann George

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Jeffrey Gayman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Harold Brandt

    CHAMBER APPOINTEE

    Total calculated
    $0
    Hours/week
    2

  • Robb Keith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Potthoff

    CHAMBER APPOINTEE

    Total calculated
    $0
    Hours/week
    3

  • Bradley Griffie

    CHAMBER APPOINTEE

    Total calculated
    $0
    Hours/week
    2

  • Erik Olsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Colleen Friend

    CHAMBER APPOINTEE

    Total calculated
    $0
    Hours/week
    2

  • Dick Murphy

    CHAMBER APPOINTEE

    Total calculated
    $0
    Hours/week
    2

  • Evan Wabrick

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Deary

    SECRETARY

    Total calculated
    $0
    Hours/week
    40

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.

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
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202532939349300108

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