Hanover Area Chamber Of Commerce
- Assets
- $992.8k
- Revenue
- $688.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Hanover, PA
- Founding
- 06/1944
- Data as of
- 08/2023
- EIN
- 23-2290798
Organization Overview
Hanover Area Chamber Of Commerce is located in Hanover, PA. The organization was established in 1944. 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 08/2023, Hanover Area Chamber Of Commerce employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanover 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 08/2023, Hanover Area Chamber Of Commerce generated $688.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $691.9k during the year ending 08/2023. While expenses have increased by 6.2% per year over the past 8 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
THE ORGANIZATION DELIVERS VALUE TO ITS MEMBERS AND ADVANCES THE INTERESTS OF THE BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ECONOMIC AND COMMUNITY DEVELOPMENT PROGRAMMING TO BENEFIT THE BUSINESSES OF THE HANOVER PA, AREA. VARIOUS EVENTS ARE HELD TO PROVIDE NETWORKING OPPORTUNITIES THROUGH MEETINGS, BREAKFASTS AND MIXERS. ANNUAL SIGNATURE EVENTS INCLUDE SNACK TOWN STREET FAIR AND SNACK TOWN BREWFEST WHICH PROMOTE AREA BUSINESSES AND THE GREATER HANOVER COMMUNITY.
THE ORGANIZATION OFFERS A COMPREHENSIVE APPROACH TO WORKFORCE DEVELOPMENT AND CAREER OPPORTUNITIES IN THE GREATER HANOVER AREA. THROUGH THE CHAMBER'S WORKFORCE DEVELOPMENT COMMITTEE, A UNIQUE PARTNERSHIP BETWEEN LOCAL BUSINESS AND EDUCATIONAL LEADERS OVER THE YEARS HAS BUILT A COLLABORATIVE FOUNDATION FOR LOCAL STUDENTS TO EXPLORE NUMEROUS CAREER PATHWAYS THAT LEAD TO PERSONAL GROWTH AND LOCAL EMPLOYMENT. CONTINUING EFFORTS TO CONNECT TO THE SPECIFIC AND DIVERSE NEEDS OF HANOVER-BASED INDUSTRIES HAVE PRODUCED IMPORTANT TRAINING AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR THE LOCAL WORKFORCE.
PRINTING OF BROCHURES AND DIRECTORIES OF THE LOCAL HANOVER AREA BUSINESSES TO FURTHER PROMOTE THE BUSINESSES. THE DISCOVER HANOVER MAGAZINE AND WEBSITE DEVELOPED BY THE CHAMBER PROMOTES LOCAL BUSINESSES AND THE OVERALL QUALITY OF LIFE FOR THE HANOVER AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Laird President | Officer | 40 | $99,824 |
Jay Burkhart Director | Trustee | 1 | $0 |
Jeremy Frey Director | Trustee | 1 | $0 |
Julia Groft Director | Trustee | 1 | $0 |
Jon Harris Director | Trustee | 1 | $0 |
Ashley Hershey Secretary/tr | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,100 |
| Total Program Service Revenue | $630,852 |
| Investment income | $34,822 |
| 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 | $688,774 |
| 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. | $115,582 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,094 |
| Pension plan accruals and contributions | $3,181 |
| Other employee benefits | $42,511 |
| Payroll taxes | $29,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,866 |
| Advertising and promotion | $3,392 |
| Office expenses | $31,498 |
| Information technology | $4,800 |
| Royalties | $0 |
| Occupancy | $22,864 |
| Travel | $6,051 |
| 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 | $5,232 |
| Insurance | $6,870 |
| All other expenses | $1,017 |
| Total functional expenses | $691,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,373 |
| Savings and temporary cash investments | $1,034 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,854 |
| 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 | $22,881 |
| Net Land, buildings, and equipment | $17,020 |
| Investments—publicly traded securities | $714,897 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169,759 |
| Total assets | $992,818 |
| Accounts payable and accrued expenses | $16,234 |
| Grants payable | $0 |
| Deferred revenue | $128,843 |
| 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 | $171,273 |
| Total liabilities | $316,350 |
| Net assets without donor restrictions | $676,468 |
| 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 | $992,818 |