Lancaster Area Chamber Of Commerce Inc
- Assets
- $37.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, NY
- Founding
- 01/1992
- Data as of
- 12/2021
- EIN
- 13-1353776
Organization Overview
Lancaster Area Chamber Of Commerce Inc is located in Lancaster, NY. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lancaster Area Chamber Of Commerce Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Lancaster Area Chamber Of Commerce Inc generated $125.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $108.6k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MONTHLY DINNER MEETINGS WITH SPEAKERS OF INTEREST TO OUR BUSINESS COMMUNITY; PROVIDE A FORUM FOR OUR MEMBERS TO NETWORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Vetrano Treasurer | 2 | $0 | |
Laura Cooley Secretary | 2 | $0 | |
Irene Kanutsu Board Member | 2 | $0 | |
Tommy Sweeney President/chair | 20 | $0 | |
Joseph Keefe Board Member | 2 | $0 | |
Diane Dombrowski-Bove Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,525 |
| Total Program Service Revenue | $0 |
| Membership dues | $42,942 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $65,117 |
| Other Revenue | $10,138 |
| Total Revenue | $125,722 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,578 |
| Professional fees and other payments to independent contractors | $6,921 |
| Occupancy, rent, utilities, and maintenance | $932 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,146 |
| Total expenses | $108,577 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,454 |
| Other assets | $0 |
| Total assets | $37,111 |
| Total liabilities | $13,444 |
| Net assets or fund balances | $23,667 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lancaster Area Chamber Of Commerce Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Penn State Health Hershey, PA PURPOSE: PROGRAM SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nysa-Ila Container Royalty Fund Jersey City, NJ | $55,480,172 | $104,394,382 |
Unsatisfied Claims & Judgement Fund Basking Ridge, NJ | $69,007,782 | $67,404,449 |
Gs1 Us Inc Ewing, NJ | $478,037,755 | $93,863,501 |
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Global Associations Of Risk Proffesionals Inc Jersey City, NJ | $66,882,119 | $55,059,565 |
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |