Delaware County Chamber Of Commerce
- Assets
- $483.5k
- Revenue
- $552.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Springfield, PA
- Founding
- 10/1945
- Data as of
- 06/2021
- EIN
- 23-0517050
Organization Overview
Delaware County Chamber Of Commerce is located in Springfield, PA. The organization was established in 1945. 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 06/2021, Delaware County Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware 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 06/2021, Delaware County Chamber Of Commerce generated $552.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $540.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. 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
A NON-PROFIT ORGANIZATION DEDICATED TO REPRESENT THE BUSINESS COMMUNITY AND PROMOTE THE WELL-BEING OF THE COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTING THE BUSINESS COMMUNITY AND PROMOTING THE WELL-BEING OF THE COUNTY OF DELAWARE THROUGH A VARIETY OF ACTIVITIES AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Mcfarland Executive Director | Trustee | 40 | $97,931 |
Robert Simpson CPA Chair Emeritus | OfficerTrustee | 2 | $0 |
Michael Ranck Chair | OfficerTrustee | 2 | $0 |
Brian Eury Secretary | OfficerTrustee | 2 | $0 |
Grant Gegwich Vice Chair | OfficerTrustee | 2 | $0 |
Deanna Doane Treasurer | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $471,331 |
| Investment income | $311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $385 |
| Net Rental Income | $5,385 |
| 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 | $552,866 |
| 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. | $97,931 |
| Compensation of current officers, directors, key employees. | $97,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,985 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,400 |
| Payroll taxes | $29,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,912 |
| Advertising and promotion | $599 |
| Office expenses | $10,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,160 |
| Travel | $37 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,331 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,214 |
| Insurance | $5,610 |
| All other expenses | $9,260 |
| Total functional expenses | $540,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,598 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,115 |
| 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 | $7,274 |
| Net Land, buildings, and equipment | $555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $483,542 |
| Accounts payable and accrued expenses | $12,925 |
| Grants payable | $0 |
| Deferred revenue | $216,732 |
| 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 | $5,999 |
| Total liabilities | $235,656 |
| Net assets without donor restrictions | $247,886 |
| 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 | $483,542 |
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