The Chamber Of Commerce For Greater Philadelphia
- Assets
- $17.3m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 112
- Location
- Philadelphia, PA
- Founding
- 04/1949
- Data as of
- 06/2022
- EIN
- 23-0969030
Organization Overview
The Chamber Of Commerce For Greater Philadelphia is located in Philadelphia, PA. The organization was established in 1949. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Chamber Of Commerce For Greater Philadelphia employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce For Greater Philadelphia 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 06/2022, Chamber Of Commerce For Greater Philadelphia generated $11.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $11.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE THE GREATER PHILADELPHIA AREA A GREAT PLACE TO DO GOOD BUSINESS, BY FOSTERING COOPERATION AND GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS AND EVENTS: THE CHAMBER HOSTS ANNUAL, QUARTERLY AND MONTHLY PROGRAMS RANGING FROM EDUCATIONAL SEMINARS AND NETWORKING SESSIONS TO LOCAL AND CIVIC EVENTS. THESE PROGRAMS AND EVENTS PROVIDE OUR MEMBERS NETWORKING OPPORTUNITIES, PROFESSIONAL DEVELOPMENT, COMMUNITY INVOLVEMENT AND REGIONAL EXPOSURE.
ADVOCACY: THE CHAMBER PROVIDES MEMBERS WITH A DIRECT CONNECTION TO LOCAL, STATE AND FEDERAL GOVERNMENT OFFICIALS AND POLICY-MAKERS. OUR ADVOCACY TEAM WORKS ON BEHALF OF MEMBERS TO PROMOTE PUBLIC POLICY THAT WILL BOLSTER THE REGION'S ECONOMY AND IMPROVE OUR COMPETITIVENESS ON A NATIONAL AND GLOBAL SCALE. IN ADDITION, WE ARE A COMMUNITY PARTNER AND CREATE BROAD-BASED COALITIONS AROUND ISSUES THAT ARE IMPORTANT TO THE REGION'S BUSINESS COMMUNITY, INCLUDING TRANSPORTATION, INFRASTRUCTURE, EDUCATION AND WORKFORCE DEVELOPMENT.
REGIONAL GROWTH INITIATIVES: THE CEO COUNCIL FOR GROWTH (CEO COUNCIL) LEADS THE REGION FORWARD BY ENVISIONING A STRONGER, MORE COMPETITIVE COMMUNITY, CONVENING DECISION MAKERS, TAKING ACTION, AND ADVOCATING FOR POLICIES AND PRACTICES THAT STRENGTHEN OUR REGIONAL ECONOMY. THE CEO COUNCIL ADVOCATES THROUGH ITS MEMBERS AND ENGAGED STAKEHOLDERS TO ENHANCE ECONOMIC GROWTH AND PROSPERITY IN THE REGION. WE PRIORITIZE THE REVITALIZATION AND ENHANCEMENT OF OUR REGION'S TALENT, MOBILITY, AND INNOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Wonderling President | OfficerTrustee | 40 | $737,605 |
Andrea R Allon COO | Officer | 40 | $410,599 |
David R Hepburn Secretary And Controller | Officer | 40 | $210,840 |
Tara Orio Senior Vp, Membership | 40 | $235,843 | |
William Carter Vp, Local Govt, Advocacy & | 40 | $216,783 | |
Claire Greenwood Executive Director, VP Of | 40 | $218,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $530,171 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,323,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,853,248 |
| Total Program Service Revenue | $9,130,631 |
| Investment income | $233,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $210,183 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $256,440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,743,354 |
| 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. | $1,533,092 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,339,800 |
| Pension plan accruals and contributions | $148,060 |
| Other employee benefits | $755,293 |
| Payroll taxes | $61,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,000 |
| Fees for services: Accounting | $69,389 |
| Fees for services: Lobbying | $262,107 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $630,503 |
| Advertising and promotion | $157,546 |
| Office expenses | $106,747 |
| Information technology | $376,256 |
| Royalties | $0 |
| Occupancy | $467,403 |
| Travel | $98,211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $802,221 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245,589 |
| Insurance | $38,688 |
| All other expenses | $0 |
| Total functional expenses | $11,371,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,321 |
| Savings and temporary cash investments | $2,437,321 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $488,596 |
| 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 | $390,089 |
| Net Land, buildings, and equipment | $1,395,575 |
| Investments—publicly traded securities | $12,130,509 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,253,411 |
| Accounts payable and accrued expenses | $4,280,582 |
| Grants payable | $0 |
| Deferred revenue | $228,175 |
| 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 | $178,944 |
| Total liabilities | $4,687,701 |
| Net assets without donor restrictions | $12,508,110 |
| Net assets with donor restrictions | $57,600 |
| 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 | $17,253,411 |