Metro-Action Inc Chamber Of Commerce Bldg
- Assets
- $6.6m
- Revenue
- $232.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Scranton, PA
- Founding
- 09/2002
- Data as of
- 06/2023
- EIN
- 23-2038420
Organization Overview
Metro-Action Inc Chamber Of Commerce Bldg is located in Scranton, PA. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Metro-Action Inc Chamber Of Commerce Bldg 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 06/2023, Metro-Action Inc Chamber Of Commerce Bldg generated $232.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $170.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Metro-Action Inc Chamber Of Commerce Bldg has awarded 170 individual grants totaling $2,465,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
METROACTION, INC. ("METROACTION") IS A CERTIFIED DEVELOPMENT NOT-FOR-PROFIT CORPORATION AND SERVES AS THE GREATER SCRANTON CHAMBER OF COMMERCE'S BUSINESS DEVELOPMENT ARM. METROACTION IS ALSO AN INTERMEDIARY AND RESOURCE CENTER FOR SEVERAL SMALL BUSINESS FINANCING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
METROACTION, INC. ("METROACTION") IS A CERTIFIED DEVELOPMENT NOT-FOR-PROFIT CORPORATION AND SERVES AS THE GREATER SCRANTON CHAMBER OF COMMERCE'S BUSINESS DEVELOPMENT ARM. METROACTION IS ALSO AN INTERMEDIARY AND RESOURCE CENTER FOR SEVERAL SMALL BUSINESS FINANCING PROGRAMS. DURING FISCAL YEAR ENDED JUNE 30, 2023, THE ORGANIZATION AIDED COMMUNITY BUSINESSES WITH THE FOLLOWING LOAN PROGRAMS: 4 NEW LOANS FROM THE SMALL BUSINESS LOAN PROGRAM TOTALLING $215,000, RETAINING OR CREATING 29 JOBS; 14 NEW LOANS FROM THE LUZERNE COUNTY LOAN PROGRAM TOTALING $916,000, RETAINING OR CREATING 179 JOBS; AND 43 NEW LOANS FROM THE LACKWANNA COUNTY COVID RECOVERY LOAN PROGRAM TOTALLING $848,000, RETAINING OR CREATING 254 JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chrissy Manuel President | OfficerTrustee | 1 | $0 |
Raymond Ceccotti Vice President | OfficerTrustee | 1 | $0 |
Julie Schumacher Cohen Vice President | OfficerTrustee | 1 | $0 |
Natalie O'hara Vice President | OfficerTrustee | 1 | $0 |
Joseph Bonsick Treasurer | OfficerTrustee | 1 | $0 |
Robert F Durkin Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,469 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,469 |
| Total Program Service Revenue | $57,357 |
| Investment income | $61,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,829 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,663 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,315 |
| Fees for services: Accounting | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $713 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $731 |
| 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 | $1,403 |
| Interest | $12,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | -$5,970 |
| Total functional expenses | $170,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,611 |
| Savings and temporary cash investments | $2,748,069 |
| 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 | $3,379,216 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,349 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $154,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,088 |
| Total assets | $6,631,442 |
| Accounts payable and accrued expenses | $47,735 |
| 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 | $4,325,918 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,000 |
| Total liabilities | $4,873,653 |
| Net assets without donor restrictions | $1,534,848 |
| Net assets with donor restrictions | $222,941 |
| 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 | $6,631,442 |
Grants Awarded
Over the last fiscal year, Metro-Action Inc Chamber Of Commerce Bldg has awarded $2,465,000 in support to 170 organizations.
| Grant Recipient | Amount |
|---|---|
23 HOLDINGS LLC PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $5,000 |
763 CORP PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $20,000 |
523 LINDEN TAVERN DBA BACKYARD ALE HOUSE PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $25,000 |
AJ'S CLUB SODA PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $20,000 |
AKITA ASIAN CUISINE INC PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $25,000 |
AJP FOOD INC PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $15,000 |