Main Line Chamber Foundation
- Assets
- $139.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wayne, PA
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 23-3081583
Organization Overview
Main Line Chamber Foundation is located in Wayne, PA. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Line Chamber Foundation 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 12/2023, Main Line Chamber Foundation generated $68.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $65.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 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
ALL EXPENSES ARE INCURRED IN OBTAINING FUNDS USED TO GRANT SCHOLARSHIPS AND FOR OTHER WORTHY COMMUNITY PROJECTS WITHIN THE FOUNDATION'S EXEMPT PURPOSE AND FOR THE ADMINISTRATION OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Garrity Director | 0 | $0 | |
Eric M Hildenbrand Director | 0 | $0 | |
Christian Hoyt Director | 0 | $0 | |
Eric Mccracken Director | 0 | $0 | |
Charles Waterman Director | 0 | $0 | |
Cindy Lemaster Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,015 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,857 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$8,771 |
| Other Revenue | $0 |
| Total Revenue | $68,101 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $100 |
| Total expenses | $65,650 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $139,745 |
| Other assets | $0 |
| Total assets | $139,745 |
| Total liabilities | $0 |
| Net assets or fund balances | $139,745 |