The Greater Wyoming Valley Chamber Of Commerce
- Assets
- $791.6k
- Revenue
- $515.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilkesbarre, PA
- Founding
- Data as of
- 12/2021
- EIN
- 27-0633091
Organization Overview
The Greater Wyoming Valley Chamber Of Commerce is located in Wilkesbarre, PA. Greater Wyoming Valley 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 12/2021, Greater Wyoming Valley Chamber Of Commerce generated $515.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $521.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE, GUIDE, SUPPORT AND SPEAK FOR THOSE ENGAGED IN COMMERCE IN THE GREATER WYOMING VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCES THE QUALITY OF LIFE AND GENERAL WELFARE IN NORTHEASTERN PA BY SUPPORTING CURRENT BUSINESSES, FINANCIALLY AND ECONOMICALLY, AND BY PROMOTING AND ENCOURAGING NEW BUSINESSES TO ENTER INTO THE COMMUNITY. THE GREATER WYOMING VALLEY CHAMBER'S LARGEST PROGRAMS IN 2021 INCLUDED: - THE ANNUAL DINNER, WHICH PROVIDED FOR BUSINESS TO BUSINESS NETWORKING, RECOGNIZED THE "LARGE BUSINESS OF THE YEAR", "CHARITABLE ORGANIZATION OF THE YEAR", "EMERGING BUSINESS OF THE YEAR", "HEALTHY WORKPLACE AWARD", "PRIDE OF PLACE AWARDS", AND THE "LIFETIME ACHIEVEMENT AWARD", AND PROVIDED A MEANS FOR THE ORGANIZATION TO RECAP ACCOMPLISHMENTS OF THE YEAR; - THE EPIC AWARDS , WHICH SERVED TO RECOGNIZE INDIVIDUALS THROUGH THE "VOLUNTEER OF THE YEAR AWARD", "INNOVATOR OF THE YEAR AWARD", AND THE "ATHENA" AWARD GIVEN TO THE WOMAN OF THE YEAR;- THE LEGISLATIVE BREAKFAST, WHICH PROVIDED A VENUE FOR MEMBERS TO HEAR FROM THEIR STATE LEGISLATIVE DELEGATION;- THE GOLF OUTING, WHICH WAS A NETWORKING OPPORTUNITY AND A BUSINESS TO BUSINESS PROMOTION EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Brominski Board Vice Chair | OfficerTrustee | 0.3 | $0 |
Angelo J Decesaris Board Chair | OfficerTrustee | 0.3 | $0 |
Lars Anderson Treasurer, Finance & Operations Committee Chair | OfficerTrustee | 0.3 | $0 |
Nina Zanon Secretary | OfficerTrustee | 0.3 | $0 |
Mary Erwine Immediate Past Chair, Board Development & Governan | OfficerTrustee | 0.3 | $0 |
Lindsey Griffin Chief Operating Officer | Officer | 7.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $203,731 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,731 |
| Total Program Service Revenue | $393,336 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$100,144 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,854 |
| 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 | $216,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,253 |
| Payroll taxes | $16,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $585 |
| Fees for services: Accounting | $6,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,535 |
| Information technology | $10,104 |
| Royalties | $0 |
| Occupancy | $15,157 |
| Travel | $483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,948 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,465 |
| All other expenses | $0 |
| Total functional expenses | $521,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,088 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,940 |
| 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 | $3,202 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $575,335 |
| Total assets | $791,565 |
| Accounts payable and accrued expenses | $2,015 |
| Grants payable | $0 |
| Deferred revenue | $73,415 |
| 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 | $0 |
| Total liabilities | $75,430 |
| Net assets without donor restrictions | $716,135 |
| 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 | $791,565 |
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