Form 990 for tax year 2022
Filed by THE CARBON CHAMBER AND ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $370,512
- Total expenses
- $439,570
- Contributions and grants received
- $337,264
- Grants paid
- $0
- Program service revenue
- $80,286
- Investment income
- -$50,808
- Other revenue
- $3,770
- Total assets, end of year
- $1,114,535
- Total liabilities, end of year
- $3,216
- Net assets or fund balances, end of year
- $1,111,319
- Program services expenses (Part IX)
- $269,414
- Management and general expenses
- $170,156
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 61.3% 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.
-
1b · Membership dues
$68,769
-
1c · Fundraising events
$166,401
-
1e · Government grants (contributions)
$101,021
-
1f · All other contributions, gifts and grants
$1,073
-
2a · Program service revenue: Advertising & Marketing
total $68,737 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Economic Development
total $8,500 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Outside Initiatives
total $3,049 · unrelated business $0 · excluded $0
-
3 · Investment income
total -$33,949 · unrelated business -$35,433 · excluded $0
-
6a · Gross rents
real property $7,850
-
6b · Less rental expenses
real property $4,080
-
6c · Rental income or loss
real property $3,770
-
6d · Net rental income or loss
total $3,770 · unrelated business $3,770
-
7a · Gross sales of assets other than inventory
securities $119,481
-
7b · Less cost or other basis and sales expenses
securities $136,340
-
7c · Gain or loss
securities -$16,859
-
7d · Net gain or loss
total -$16,859 · related or exempt $0 · unrelated business -$16,859 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$166,401
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $240,833 · program services $115,217 · management and general $125,616 · fundraising $0
-
11b · Fees: legal
total $367 · program services $367 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $14,982 · program services $0 · management and general $14,982 · fundraising $0
-
11g · Fees: other
total $103,512 · program services $103,512 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $20,560 · program services $20,560 · management and general $0 · fundraising $0
-
13 · Office expenses
total $10,466 · program services $1,213 · management and general $9,253 · fundraising $0
-
14 · Information technology
total $2,384 · program services $0 · management and general $2,384 · fundraising $0
-
16 · Occupancy
total $28,461 · program services $25,287 · management and general $3,174 · fundraising $0
-
17 · Travel
total $3,024 · program services $1,348 · management and general $1,676 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,610 · program services $1,485 · management and general $125 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $4,922 · program services $0 · management and general $4,922 · fundraising $0
-
23 · Insurance
total $1,975 · program services $0 · management and general $1,975 · fundraising $0
-
24a · Other expenses: Taxes and Licenses
total $1,786 · program services $0 · management and general $1,786 · fundraising $0
-
24b · Other expenses: Dues, Memberships,Licenses
total $535 · program services $425 · management and general $110 · fundraising $0
-
24c · Other expenses: Credit Card & Bank Fees
total $4,153 · program services $0 · management and general $4,153 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $540,788 · end of year $416,259
-
2 · Savings and temporary cash investments
beginning of year $131,263 · end of year $243,076
-
7 · Other notes and loans receivable
beginning of year $11,100 · end of year $7,058
-
9 · Prepaid expenses and deferred charges
beginning of year $2,836 · end of year $700
-
10a · Land, buildings and equipment: cost or other basis
$199,353
-
10b · Land, buildings and equipment: accumulated depreciation
$27,014
-
10c · Land, buildings and equipment, net
beginning of year $177,261 · end of year $172,339
-
11 · Investments: publicly traded securities
beginning of year $327,394 · end of year $275,103
-
17 · Accounts payable and accrued expenses
beginning of year $10,265 · end of year $3,216
-
27 · Net assets without donor restrictions
beginning of year $394,779 · end of year $1,111,319
-
28 · Net assets with donor restrictions
beginning of year $785,598 · end of year $0
Mission and programs · 2022
Mission
Promote economic development and operate a chamber of commerce for businesses located in Carbon County PA
-
Bring together business owners and business professional in Carbon County to provide opportunities for networking, conducting business, and communication. To provide value to members and allow them to conduct business better. Lease Building to business starting-up or expanding into Carbon County that provides economic opportunity and payroll to county residents
-
Marketing programs to achieve economic stabililty and opportunities Provide information services to existing and potential business owners Provide inidustrial rental property to assist businesses to locate or expand within Carbon County in order to increase employment opportunities within the county
As filed on the 2022 return.
Listed in Part VII
-
Kathy Henderson
Exec Director
- Total calculated
- $60,000
- From this org
- $0
- From related orgs
- $60,000
- Other
- $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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311819349301451
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