Greater Lehigh Valley Chamber Of Commerce Foundation
- Assets
- $264.6k
- Revenue
- $581.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Easton, PA
- Founding
- 08/1985
- Data as of
- 06/2022
- EIN
- 22-2626110
Organization Overview
Greater Lehigh Valley Chamber Of Commerce Foundation is located in Easton, PA. The organization was established in 1985. 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. Greater Lehigh Valley Chamber Of Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Greater Lehigh Valley Chamber Of Commerce Foundation generated $581.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $603.5k during the year ending 06/2022. While expenses have increased by 9.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE ARM OF THE CHAMBER, A VALLEY WIDE ADVOCATE FOR BUSINESS & COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STREET LEHIGH VALLEY, THE CHAMBER'S 501(C)(3) CHARITABLE ARM, AIMS TO IMPROVE EVERY MAIN STREET IN THE LEHIGH VALLEY THROUGH TARGETED INVESTMENTS IN PROJECTS THAT ENHANCE THE PHYSICAL APPEARANCE OF OUR LOCAL DOWNTOWNS AND SURROUNDING TRADITIONAL NEIGHBORHOODS. WHAT BEGAN IN BETHLEHEM TO HELP FUND HOLIDAY DECORATIONS HAS EVOLVED TO SUPPORT PROJECTS ON EVERY MAIN STREET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Iannelli CEO | OfficerTrustee | 2 | $0 |
Dawn Werkheiser CFO | OfficerTrustee | 2 | $0 |
Lorie Reinert Foundation Director | OfficerTrustee | 20 | $0 |
Frank Heston Chair | OfficerTrustee | 2 | $0 |
Marilee Falco Treasurer | OfficerTrustee | 1 | $0 |
Ricky Gower Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $271,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,195 |
| Total Program Service Revenue | $310,500 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $581,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,203 |
| Grants and other assistance to domestic individuals. | $38,907 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation to disqualified persons | $83,171 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $289,500 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $603,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,622 |
| Savings and temporary cash investments | $112,997 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $264,619 |
| Accounts payable and accrued expenses | $7,346 |
| Grants payable | $9,405 |
| Deferred revenue | $10,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,914 |
| Total liabilities | $62,665 |
| Net assets without donor restrictions | $140,826 |
| Net assets with donor restrictions | $61,128 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $264,619 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Lehigh Valley Chamber Of Commerce Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,000 |
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 |
Mexican Haas Avocado Importers Association Fallston, MD | $10,238,623 | $43,648,629 |
Global Associations Of Risk Proffesionals Inc Jersey City, NJ | $66,882,119 | $55,059,565 |
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 |