Schuylkill Chamber Of Commerce
- Assets
- $1.5m
- Revenue
- $571.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Pottsville, PA
- Founding
- 08/1942
- Data as of
- 06/2021
- EIN
- 23-0985420
Organization Overview
Schuylkill Chamber Of Commerce is located in Pottsville, PA. The organization was established in 1942. 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, Schuylkill Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schuylkill 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, Schuylkill Chamber Of Commerce generated $571.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $422.0k during the year ending 06/2021. While expenses have increased by 0.9% 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
TO PROMOTE COMMERCIAL, INDUSTRIAL, AND CIVIL INTEREST IN SCHUYLKILL COUNTY, PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER PROVIDES VARIOUS SUPPORT AND EDUCATIONAL SERVICES TO APPROXIMATELY 1,000 BUSINESS MEMBERS. THESE SERVICES INCLUDE A NEWSLETTER, SEMINARS, INSURANCE PROGRAMS, AND VARIOUS MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Powers Past Chair | OfficerTrustee | $0 | |
Shannon Brennan Chair | OfficerTrustee | $0 | |
Mark Wiederhold 1st Vice Cha | OfficerTrustee | $0 | |
Kim Lorimer 2nd Vice Cha | OfficerTrustee | $0 | |
Robert S Carl Jr President/ce | Officer | 40 | $92,111 |
Cynthia Mensch Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,700 |
| Investment income | $92,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $52,549 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $571,402 |
| Statement of Expenses | |
|---|---|
| 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. | $92,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,775 |
| Pension plan accruals and contributions | $8,940 |
| Other employee benefits | $20,892 |
| Payroll taxes | $20,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,646 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,050 |
| Advertising and promotion | $12,282 |
| Office expenses | $23,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,515 |
| Travel | $5,851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $9,241 |
| Depreciation, depletion, and amortization | $16,166 |
| Insurance | $6,737 |
| All other expenses | $0 |
| Total functional expenses | $421,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,171 |
| Savings and temporary cash investments | $796,481 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $119,039 |
| 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 | $13,232 |
| Investments—publicly traded securities | $467,120 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,486,032 |
| Accounts payable and accrued expenses | $12,757 |
| 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 | $394,745 |
| Total liabilities | $407,502 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,078,530 |