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← GREATER READING CHAMBER AND ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by GREATER READING CHAMBER AND ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,843,001
Total expenses
$2,860,376
Contributions and grants received
$939,607
Grants paid
$8,750
Program service revenue
$1,899,514
Investment income
$3,880
Other revenue
$0
Total assets, end of year
$2,690,976
Total liabilities, end of year
$270,543
Net assets or fund balances, end of year
$2,420,433
Program services expenses (Part IX)
$2,473,360
Management and general expenses
$387,016
Fundraising expenses
$0
Program service expenses (Part III)
$2,473,360

Program services were 86.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DANIEL R LANGDON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ERNEST J CHOQUETTE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY R RUSH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL A DUFF

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SUSAN D LOONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARA STUMP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMEY MAACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY D ROMIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA HAFFNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID C ROLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN H GALLEN JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN P WEIDENHAMMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELE L RICHARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER RYE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREGG A BOGIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA L WEEBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOB HARROP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID W STONESIFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES W GERLACH

    CEO

    Total calculated
    $251,569
    From this org
    $236,734
    From related orgs
    $0
    Other
    $14,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,734
    Bonus
    $0
    Other
    $0
    Deferred
    $14,204
    Nontaxable benefits
    $631
    Filer's total
    $251,569

  • DEBRA MILLMAN

    VP OF DEVELOPMENT

    Total calculated
    $175,406
    From this org
    $154,134
    From related orgs
    $0
    Other
    $21,272
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,134
    Bonus
    $0
    Other
    $0
    Deferred
    $9,248
    Nontaxable benefits
    $12,024
    Filer's total
    $175,406

  • SARA STEWART

    CFO

    Total calculated
    $167,902
    From this org
    $152,672
    From related orgs
    $0
    Other
    $15,230
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,672
    Bonus
    $0
    Other
    $0
    Deferred
    $9,160
    Nontaxable benefits
    $6,070
    Filer's total
    $167,902

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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
2022
Filed
7 September 2023
IRS schema version
2022v5.0
Source object
202312559349301446

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