The Carbon Chamber And Economic Development Corporation

Organization Overview

The Carbon Chamber And Economic Development Corporation, operating under the name Carbon Chamber & EDC, is located in Lehighton, PA. The organization was established in 2005. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carbon Chamber & EDC 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, Carbon Chamber & EDC generated $633.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $346.6k during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE ECONOMIC DEVELOPMENT AND OPERATE A CHAMBER OF COMMERCE FOR BUSINESSES LOCATED IN CARBON COUNTY PA

Describe the Organization's Program Activity:

Part 3 - Line 4a

BRING TOGETHER BUSINESS OWNERS AND BUSINESS PROFESSIONAL IN CARBON COUNTY TO PROVIDE OPPORTUNITIES FOR NETWORKING, CONDUCTING BUSINESS, AND COMMUNICATION. TO PROVIDE VALUE TO MEMBERS AND ALLOW THEM TO CONDUCT BUSINESS BETTER. LEASE BUILDING TO BUSINESS STARTING-UP OR EXPANDING INTO CARBON COUNTY THAT PROVIDES ECONOMIC OPPORTUNITY AND PAYROLL TO COUNTY RESIDENTS


MARKETING PROGRAMS TO ACHIEVE ECONOMIC STABILILTY AND OPPORTUNITIES PROVIDE INFORMATION SERVICES TO EXISTING AND POTENTIAL BUSINESS OWNERS PROVIDE INIDUSTRIAL RENTAL PROPERTY TO ASSIST BUSINESSES TO LOCATE OR EXPAND WITHIN CARBON COUNTY IN ORDER TO INCREASE EMPLOYMENT OPPORTUNITIES WITHIN THE COUNTY


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$64,040
Fundraising events$87,187
Related organizations$0
Government grants $94,815
All other contributions, gifts, grants, and similar amounts not included above$21,817
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$267,859
Total Program Service Revenue$103,776
Investment income $7,395
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $28,250
Net Gain/Loss on Asset Sales $216,641
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $9,326
Miscellaneous Revenue$0
Total Revenue $633,247

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