Metro-Action Inc Chamber Of Commerce Bldg
- Assets
- $6.6m
- Revenue
- $431.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Scranton, PA
- Founding
- 09/2002
- Data as of
- 06/2022
- 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 06/2022, Metro-Action Inc Chamber Of Commerce Bldg generated $431.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $196.3k during the year ending 06/2022. While expenses have increased by 1.2% 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.
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
2022
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, 2022, THE ORGANIZATION AIDED COMMUNITY BUSINESSES WITH THE FOLLOWING LOAN PROGRAMS: 5 NEW LOANS FROM THE SMALL BUSINESS LOAN PROGRAM TOTALLING $114,500, RETAINING OR CREATING 15 JOBS; 11 NEW LOANS FROM THE LUZERNE COUNTY LOAN PROGRAM TOTALING $642,000, RETAINING OR CREATING 68 JOBS; AND FINALLY THE ORGANIZATION LAUNCHED THE LACKAWANNA COUNTY COVID RECOVERY LOAN PROGRAM IN JANUARY 2022, ISSUING 37 LOANS TOTALLING $713,000, RETAINING OR CREATING 194 JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Reager President | OfficerTrustee | 1 | $0 |
Philip P Condron Assistant Secretary | OfficerTrustee | 1 | $0 |
Robert F Durkin Secretary | OfficerTrustee | 1 | $0 |
Julie Schumacher Cohen Vice President | OfficerTrustee | 1 | $0 |
Joseph Bonsick Treasurer | OfficerTrustee | 1 | $0 |
Natalie O'hara Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $322,941 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,466 |
| Total Program Service Revenue | $35,007 |
| Investment income | $44,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,906 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $431,419 |
| 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 | $65 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $784 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $774 |
| 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 | $72 |
| Interest | $11,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,470 |
| Total functional expenses | $196,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $553,587 |
| Savings and temporary cash investments | $2,820,256 |
| 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 | $3,073,255 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $176 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $143,291 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,204 |
| Total assets | $6,601,769 |
| Accounts payable and accrued expenses | $72,609 |
| 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 | $4,345,454 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,000 |
| Total liabilities | $4,918,063 |
| Net assets without donor restrictions | $1,443,765 |
| Net assets with donor restrictions | $239,941 |
| 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 | $6,601,769 |
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 |
|---|---|
AV RESTAURANT PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $25,000 |
CARBONDALE GRAND HOTEL PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $25,000 |
M5 HOTELS LLC DBA FAIRFIELD INN PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $25,000 |
CHRISDON INC PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $25,000 |
ANZ SCRANTON LLC PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $25,000 |
CHEARS INC PURPOSE: LACKA COUNTY HOSPITALITY RECOVERY PROGRAM GRANT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Metro-Action Inc Chamber Of Commerce Bldg has recieved totaling $488,680.
| Awarding Organization | Amount |
|---|---|
Pennsylvania Microenterprise Coalition Philadelphia, PA PURPOSE: LOAN AND DEBT RELIEF | $488,680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Calvert Impact Capital Inc Bethesda, MD | $679,643,317 | $23,234,500 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |