Lebanon Valley Chamber Of Commerce
- Assets
- $280.9k
- Revenue
- $575.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Lebanon, PA
- Founding
- 02/1957
- Data as of
- 12/2023
- EIN
- 23-0793765
Organization Overview
Lebanon Valley Chamber Of Commerce is located in Lebanon, PA. The organization was established in 1957. 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. As of 12/2023, Lebanon Valley Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lebanon Valley Chamber Of Commerce 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 12/2023, Lebanon Valley Chamber Of Commerce generated $575.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $551.5k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE LEBANON VALLEY'S LEADING BUSINESS ORGANIZATION PROVIDING EDUCATION, NETWORKING, SERVICES, AND ADVOCACY TO SUPPORT AND DEVELOP OUR MEMBERS AND BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMALL BUSINESS, RETAIL, EDUCTIONAL AND MEMBERSHIP - MAINTAIN RELATIONS AND PROMOTE EDUCATIONAL PROGRAMS WITH THE PUBLIC AND GOVERNMENTAL SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Kreiser Chair-Elect | OfficerTrustee | 0 | $0 |
Trevor Williams Chairman | Trustee | 0 | $0 |
Warren Wohlfahrt Director | Trustee | 0 | $0 |
Sarah Mckillip Director | Trustee | 0 | $0 |
Bill Bering Director | Trustee | 0 | $0 |
Patrick Freer Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $279,610 |
| Fundraising events | $35,640 |
| Related organizations | $45,000 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,250 |
| Total Program Service Revenue | $157,114 |
| Investment income | $3,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,745 |
| 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 | $575,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $273,992 |
| Pension plan accruals and contributions | $8,517 |
| Other employee benefits | $34,761 |
| Payroll taxes | $20,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,448 |
| Office expenses | $13,073 |
| Information technology | $5,188 |
| Royalties | $0 |
| Occupancy | $62,525 |
| Travel | $4,418 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $7,051 |
| Insurance | $3,806 |
| All other expenses | $13,763 |
| Total functional expenses | $551,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,175 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $32,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,908 |
| Total assets | $280,882 |
| Accounts payable and accrued expenses | $5,761 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $5,761 |
| Net assets without donor restrictions | $275,121 |
| Net assets with donor restrictions | $0 |
| 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 | $280,882 |