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Nonprofiteer
← FOUNDATION OF LANCASTER CHAMBER

Form 990 for tax year 2024

Filed by FOUNDATION OF LANCASTER CHAMBER.

Totals

Total revenue
$2,219,159
Total expenses
$870,860
Contributions and grants received
$385,242
Grants paid
$168,726
Program service revenue
$43,065
Investment income
$1,743
Other revenue
$1,789,109
Total assets, end of year
$5,182,817
Total liabilities, end of year
$614,990
Net assets or fund balances, end of year
$4,567,827
Program services expenses (Part IX)
$714,096
Management and general expenses
$110,371
Fundraising expenses
$46,393
Program service expenses (Part III)
$714,096

Program services were 82.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $129,349

  • 1f · All other contributions, gifts and grants

    $255,893

  • 2a · Program service revenue: CULTIVATE REVENUE

    total $21,376 · related or exempt $21,376

  • 2b · Program service revenue: TANDEM REVENUE

    total $20,810 · related or exempt $20,810

  • 2c · Program service revenue: CIVIC BEE REVENUE

    total $879 · related or exempt $879

  • 3 · Investment income

    total $2,743 · excluded $2,743

  • 6a · Gross rents

    real property $124,000

  • 6b · Less rental expenses

    real property $55,578

  • 6c · Rental income or loss

    real property $68,422

  • 6d · Net rental income or loss

    total $68,422 · excluded $68,422

  • 7b · Less cost or other basis and sales expenses

    securities $1,000

  • 7c · Gain or loss

    securities -$1,000

  • 7d · Net gain or loss

    total -$1,000 · excluded -$1,000

  • 11a · Other revenue: FORGIVENESS OF DEBT

    total $1,720,687 · excluded $1,720,687

  • 11e · Other revenue, total

    $1,720,687

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $168,726 · program services $168,726

  • 7 · Other salaries and wages

    total $113,350 · program services $88,414 · management and general $3,400 · fundraising $21,536

  • 8 · Pension plan contributions

    total $10,514 · program services $8,201 · management and general $315 · fundraising $1,998

  • 9 · Other employee benefits

    total $14,437 · program services $11,261 · management and general $433 · fundraising $2,743

  • 10 · Payroll taxes

    total $11,399 · program services $8,891 · management and general $342 · fundraising $2,166

  • 11b · Fees: legal

    total $1,724 · program services $931 · management and general $776 · fundraising $17

  • 11g · Fees: other

    total $69,944 · program services $37,769 · management and general $31,475 · fundraising $700

  • 12 · Advertising and promotion

    total $68,635 · program services $52,579 · fundraising $16,056

  • 13 · Office expenses

    total $4,431 · program services $3,643 · management and general $770 · fundraising $18

  • 14 · Information technology

    total $2,482 · program services $1,340 · management and general $1,117 · fundraising $25

  • 19 · Conferences, conventions and meetings

    total $3,145 · program services $1,698 · management and general $1,415 · fundraising $32

  • 22 · Depreciation, depletion and amortization

    total $341,221 · program services $298,992 · management and general $42,229

  • 24a · Other expenses: PROGRAM EXPENSES

    total $60,702 · program services $31,651 · management and general $27,949 · fundraising $1,102

  • 24b · Other expenses: PA REGISTRATION

    total $150 · program services $0 · management and general $150 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,527 · end of year $77,264

  • 2 · Savings and temporary cash investments

    beginning of year $325,509 · end of year $102,015

  • 3 · Pledges and grants receivable

    beginning of year $394 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $5,600

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $1,000

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

    $8,223,955

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

    $3,227,017

  • 10c · Land, buildings and equipment, net

    beginning of year $5,321,780 · end of year $4,996,938

  • 11 · Investments: publicly traded securities

    beginning of year $153,059 · end of year $0

  • 12 · Investments: other securities

    beginning of year $6,216,373 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,209 · end of year $507,213

  • 19 · Deferred revenue

    beginning of year $81,814 · end of year $107,777

  • 23 · Secured mortgages and notes payable

    beginning of year $8,453,565 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,407,429 · end of year $4,538,986

  • 28 · Net assets with donor restrictions

    beginning of year $110,625 · end of year $28,841

Mission and programs · 2024

Mission

THE FOUNDATION OF THE LANCASTER CHAMBER IS ORGANIZAED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES INCLUDING THE DISTRIBUTION OF FUNDS FOR SUCH PURPOSES TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954. THE FOUNDATION PROVIDES A MECHANISM TO ESTABLISH AND FINANCE NEW COMMUNITY PROGRAMS TO MEET CRUCIAL AND CHANGING NEEDS.

Activities or mission (Part I)

PROVIDES EDUCATIONAL AND TRAINING PROGRAMS AND MEETING SPACE FOR NON-PROFITS.

  • THE FOUNDATION PROVIDES SUPPORT TO THE BUSINESS COMMUNITY THROUGH THE WORK OF THE LANCASTER CHAMBER, PROVIDING FUNDING FOR SPECIFIC TARGETED PROGRAMS. IN 2024, THE FOUNDATION'S FOCUS WAS ON WORKFORCE PRIORITIES; THE FOUNDATION IS COMMITTED TO AN EMPLOYER-PARTNERED APPROACH TO ADDRESS EXISTING WORKFORCE CHALLENGES, STRENGTHEN CURRENT INITIATIVES AND ANTICIPATE FUTURE TRENDS. 170 COMMUNITY MEMBERS ENGAGED WITH ACHIEVE, A DEGREE COMPLETION PROGRAM. IN 2024, 54 STUDENTS ACHIEVED DEGREE COMPLETION. 155 STUDENTS ENGAGED WITH OUR DISCOVERING PATHS MENTORING PROGRAM WHICH PAIRS STUDENTS WITH A ONE-TO-ONE MENTOR WHO ATTEND MONTHLY SESSIONS THROUGHOUT THE SCHOOL YEAR, EXAMINING INDUSTRIES WHILE DEVELOPING CRUCIAL SELF-AWARENESS, COMMUNICATION, AND COLLABORATION SKILLS. THE FOUNDATION WORKED ON TALENT FOR TOMORROW INITIATIVE THAT ADDRESSED THE DIRECT CARE WORKER SHORTAGE IN LANCASTER COUNTY. THE PROGRAM WILL FOCUS ON STRATEGIC RECRUITMENT, SKILLS ADVANCEMENT, AND COLLABORATION WITH EDUCATIONAL AND COMMUNITY PARTNERS TO STRENGTHEN THE LOCAL HEALTHCARE WORKFORCE. THE CULTIVATE PROGRAM CONTINUED IN 2024, WHICH INFORMS, NAVIGATES, CONNECTS AND COORDINATES ENTREPRENEURS WITH BUSINESS RESOURCE PROVIDERS TO ACHIEVE PROSPERITY AND EQUITABLE ECONOMIC GROWTH ACROSS LANCASTER COUNTY. THE TANDEM PROGRAM WHICH OFFERS PATHWAYS FOR BUSINESS SUCCESS THROUGH PROFIT SHARING AND DIRECT EMPLOYEE OWNERSHIP THAT LEADS TO SHARED PROSPERITY AND STRONGER COMMUNITIES.

    Expenses $714,096 · Grants $168,726 · Revenue $43,065

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donna Kreiser

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • J Seroky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Eric Wenger

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Miguel Nistal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Heather Valudes

    PRESIDENT/CEO

    Total calculated
    $213,733
    From this org
    $0
    From related orgs
    $180,304
    Other
    $33,429
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,304 related
    Bonus
    $0 + $8,000 related
    Other
    $0 + $12,000 related
    Deferred
    $0 + $15,925 related
    Nontaxable benefits
    $0 + $17,504 related
    Filer's total
    $0 + $213,733 related

  • Vanessa Philbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Stacy Whisel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Julie Houck

    DIRECTOR OF FINANCE

    Total calculated
    $102,518
    From this org
    $0
    From related orgs
    $81,259
    Other
    $21,259
    Hours/week
    1 + 36.5 related

  • Thomas Wallace

    DIRECTOR OF BUSINESS DEVELOPMENT

    Total calculated
    $115,149
    From this org
    $0
    From related orgs
    $103,165
    Other
    $11,984
    Hours/week
    1 + 36.5 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
A RELATED ORGANIZATION, LANCASTER CHAMBER OF COMMERCE & INDUSTRY, USES A COMPENSATION COMMITTEE AND COMPENSATION SURVEYS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR.

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

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
14 October 2025
IRS schema version
2024v5.2
Source object
202542889349303254

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