Shippensburg Area Chamber Of Commerce
- Assets
- $423.2k
- Revenue
- $188.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Shippensburg, PA
- Founding
- 02/1973
- Data as of
- 12/2023
- EIN
- 23-1697886
Organization Overview
Shippensburg Area Chamber Of Commerce is located in Shippensburg, PA. The organization was established in 1973. 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, Shippensburg Area Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shippensburg Area 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, Shippensburg Area Chamber Of Commerce generated $188.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $203.7k during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 9 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
TO PROMOTE BUSINESS AND COMMERCE IN THE COMMUNITY OF SHIPPENSBURG, PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER STRIVES TO DEVELOP BUSINESS, COMMUNITY AND ECONOMIC GROWTH IN THE SHIPPENSBURG AREA. THE CHAMBER SPONSORS VARIOUS EDUCATIONAL SEMINARS THROUGHOUT THE YEAR, AN ANNUAL LEADERSHIP CONFERENCE AND A BUSINESS AND INDUSTRY EXPO. IT ALSO HOSTS LOCAL AND REGIONAL MIXERS TO PROMOTE ITS BUSINESSES AND PROVIDE NETWORKING OPPORTUNITIES. THE CHAMBER SPONSORS TWO COMMUNITY EVENTS CONSISTING OF A FAMILY FUN DAY AND A COMMUNITY CHRISTMAS PARTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nina Reese Chair | OfficerTrustee | 4 | $0 |
Dirk Bumgardner Vice Chair | OfficerTrustee | 4 | $0 |
Chrystal Miracle Treasurer | OfficerTrustee | 4 | $0 |
Dr Ronald Taylor Secretary | OfficerTrustee | 4 | $0 |
Scott Eckenrode Past Chair | Trustee | 1 | $0 |
L Rebecca Ables ESQ Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $61,309 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $61,309 |
| Total Program Service Revenue | $0 |
| Investment income | $2,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19 |
| Net Income from Fundraising Events | $49,305 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $188,834 |
| 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. | $30,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,196 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,201 |
| Information technology | $3,998 |
| Royalties | $0 |
| Occupancy | $10,329 |
| Travel | $501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,009 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,188 |
| Insurance | $7,983 |
| All other expenses | $2,498 |
| Total functional expenses | $203,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,136 |
| 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 | $1,347 |
| Net Land, buildings, and equipment | $282,629 |
| Investments—publicly traded securities | $82,100 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $423,203 |
| Accounts payable and accrued expenses | $13,113 |
| Grants payable | $0 |
| Deferred revenue | $30,810 |
| 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 | $282,629 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $326,552 |
| Net assets without donor restrictions | $96,651 |
| 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 | $423,203 |