Western Chester County Chamber Of Commerce
- Assets
- $133.1k
- Revenue
- $260.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Coatesville, PA
- Founding
- 05/1964
- Data as of
- 12/2021
- EIN
- 23-0479610
Organization Overview
Western Chester County Chamber Of Commerce is located in Coatesville, PA. The organization was established in 1964. 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. As of 12/2021, Western Chester County Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Chester County 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, Western Chester County Chamber Of Commerce generated $260.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $216.6k during the year ending 12/2021. While expenses have increased by 14.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WESTERN CHESTER COUNTY CHAMBER OF COMMERCE IS A MEMBER DRIVEN ORGANIZATION REPRESENTING SMALL TO LARGE BUSINESSES, FROM RETAIL TO MANUFACTURING, SERVICE AND TOURISM. THE CHAMBER CONNECTS MEMBERS TO NEW IDEAS, RESOURCES, AND RELATIONSHIPS TO ACHIEVE THEIR GOALS. THE CHAMBER IS COMMITTED TO BEING A LEADING RESOURCE FOR THE COMMUNITY, BUILD REGIONAL CO-OPERATION TO STRENGTHEN BUSINESS RETENTION, GROWTH AND REVITALIZATION. THE CHAMBER OFFERS EDUCATION AND EVENTS TO ACHIEVE ITS GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOTAL PROGRAM EXPENSES OF 148,289 REPORTS ALLOCATION OF EXPENSES IN PROVIDING THE PROGRAMS LISTED UNDER PROGRAM SERVICES, MEMBERSHIP SERVICES AND OTHER CHAMBER AND COMMUNITY EVENTS.
THE CHAMBER HOSTS NETWORKING EVENTS, THE ANNUAL DINNER, COMMUNITY EVENTS FEATURING LOCAL GOVERNMENTAL, BUSINESS AND ENVIRONMENTAL GROUPS TO PROVIDE UPDATES ON VARIOUS ISSUES, AND FREE SEMINARS THAT RELATE TO LOCAL AND BUSINESS ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Vietri President | Officer | 7 | $0 |
Justin Chan Vice Preside | Officer | 5 | $0 |
Michael Guyer Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300 |
| Total Program Service Revenue | $257,790 |
| Investment income | $193 |
| 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 | $260,183 |
| 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 | $108,584 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,639 |
| Advertising and promotion | $8,839 |
| Office expenses | $2,979 |
| Information technology | $6,770 |
| Royalties | $0 |
| Occupancy | $8,766 |
| Travel | $2,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,209 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,496 |
| All other expenses | $53,039 |
| Total functional expenses | $216,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,568 |
| Savings and temporary cash investments | $85,522 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $133,090 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $16,000 |
| Total liabilities | $16,000 |
| Net assets without donor restrictions | $117,090 |
| 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 | $133,090 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Chester County Chamber Of Commerce has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Alliance For Health Equity Coatesville, PA PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nysa-Ila Container Royalty Fund Jersey City, NJ | $55,480,172 | $104,394,382 |
Unsatisfied Claims & Judgement Fund Basking Ridge, NJ | $69,007,782 | $67,404,449 |
Gs1 Us Inc Ewing, NJ | $478,037,755 | $93,863,501 |
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Mexican Haas Avocado Importers Association Fallston, MD | $10,238,623 | $43,648,629 |
Global Associations Of Risk Proffesionals Inc Jersey City, NJ | $66,882,119 | $55,059,565 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |