Philadelphia Israel Chamber Of Comm Erce
- Assets
- $129.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Philadelphia, PA
- Founding
- 08/1992
- Data as of
- 08/2023
- EIN
- 23-2663205
Organization Overview
Philadelphia Israel Chamber Of Comm Erce is located in Philadelphia, PA. The organization was established in 1992. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Philadelphia Israel Chamber Of Comm Erce 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, Philadelphia Israel Chamber Of Comm Erce generated $57.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $109.8k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROGRAMS TO PROMOTE BUSINESS VENTURES BETWEEN THE GREATER PHILADELPHIA REGION AND ISRAELI BUSINESS COMMUNITIES INCLUDING: LIFE SCIENCES ROUND TABLE WEBINARS, INTERNATIONAL MISSION FOCUSING ON INNOVATION IN ISRAEL, FOOD AND AG TECH, LIFE SCIENCE AND ENERGY SERIES, GENE AND CELL THERAPY AND BIO CONVERGENCE, ALL PROMOTING ADVANCED TECHNOLOGIES AND INVESTMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Krupit President | 3 | $0 | |
Matt Dane Baker Vice President | 3 | $0 | |
Tiffany Mckever Vice President | 3 | $0 | |
Lawton Laurence Vice President & Secretary | 3 | $0 | |
Stephen A Doneson CPA Treasurer | 3 | $0 | |
Matthew I Fingerman CHFC CFP Immediate Past President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,842 |
| Total Program Service Revenue | $0 |
| Membership dues | $28,054 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,325 |
| Total Revenue | $57,221 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $79,215 |
| Professional fees and other payments to independent contractors | $16,423 |
| Occupancy, rent, utilities, and maintenance | $360 |
| Printing, publications, postage, and shipping | $974 |
| Other expenses | $12,783 |
| Total expenses | $109,755 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,250 |
| Other assets | $0 |
| Total assets | $129,250 |
| Total liabilities | $18,534 |
| Net assets or fund balances | $110,716 |