Greater Reading Chamber And Economic Development Corporation

Organization Overview

Greater Reading Chamber And Economic Development Corporation is located in Reading, PA. The organization was established in 2017. 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. As of 12/2021, Greater Reading Chamber And Economic Development Corporation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Reading Chamber And Economic Development Corporation 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 12/2021, Greater Reading Chamber And Economic Development Corporation generated $3.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 5 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 2017, Greater Reading Chamber And Economic Development Corporation has awarded 13 individual grants totaling $525,089. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE BERKS COUNTY BUSINESSES, FOSTER ECONOMIC DEVELOPMENT AND GROWTH, AND BUSINESS SUPPORT THROUGH COMBINED MANAGEMENT AND COORDINATION OF ACTIVITIES AND RESOURCES OF GBDF AND GRCCI.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MANAGEMENT AND COORDINATION OF ACTIVITIES AND RESOURCES IN SUPPORT OF ECONOMIC DEVELOPMENT AND GROWTH IN BERKS COUNTY


TO LEAD REGIONAL EFFORTS TO ATTRACT, RETAIN, AND GROW BUSINESS AND TO MARKET BERKS COUNTY AS A COMPETITIVE AND ATTRACTIVE LOCATION FOR BUSINESS.


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Board, Officers & Key Employees

Name (title)Compensation
James W Gerlach
CEO
$289,880
Edward J Swoyer
President - Gbdf
$146,412
Sara Stewart
CFO
$141,872
Debra Millman
VP Of Development
$137,486
Daniel R Langdon
Chair
$0
Robert F Firely Jr
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $730,099
All other contributions, gifts, grants, and similar amounts not included above$492,241
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,222,340
Total Program Service Revenue$2,017,578
Investment income $714
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 $3,240,632

Grants Awarded

Over the last fiscal year, Greater Reading Chamber And Economic Development Corporation has awarded $32,081 in support to 2 organizations.

Grant RecipientAmount

Fort Washington, PA

PURPOSE: ADVANCEMENT

$26,250

BERKS COUNTY INTERMEDIATE UNIT

PURPOSE: ADVANCEMENT

$5,831
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Greater Reading Chamber And Economic Development Corporation has recieved totaling $65,000.

Awarding OrganizationAmount
Berks County Chamber Foundation

Reading, PA

PURPOSE: ECONOMIC DEVELOPMENT

$65,000
View Grant Recipient Profile

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