Greater Reading Chamber Of Commerce & Industry

Organization Overview

Greater Reading Chamber Of Commerce & Industry is located in Reading, PA. The organization was established in 1946. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Reading Chamber Of Commerce & Industry 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 12/2023, Greater Reading Chamber Of Commerce & Industry generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE RESOURCES AND ADVOCATE FOR BUSINESS, PROVIDE NETWORK OPPORTUNITIES, PROVIDE BUSINESS AND TECHNICAL ASSISTANCE TO NEW AND EXPANDING BUSINESSES, TO PROVIDE EDUCATION AND TRAINING, AND ADVOCATE FOR AN ENVIRONMENT OF ECONOMIC GROWTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES MANY RESOURCES TO MEMBERSHIP INCLUDING A MEMBERSHIP DIRECTORY, NEWSLETTER, CERTIFICATES OF ORIGIN, SALARY SURVEYS AND A RELOCATION GUIDE.


THE ORGANIZATION PROVIDES VARIOUS PROGRAMS TO THEIR MEMBERSHIP SUCH AS TRAINING, EDUCATIONAL PROGRAMS, BUSINESS DEVELOPMENT ACTIVITIES, AND OTHER SERVICES. THESE ACTIVITIES ARE LISTED ON PART VIII OF FORM 990, LINE 2.


THE ORGANIZATION PROVIDES MANY RESOURCES TO THE MEMBERSHIP INCLUDING NETWORKING OPPORTUNITIES AND BUSINESS AND TECHNICAL SUPPORT TO BUSINESSES.


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Board, Officers & Key Employees

Name (title)Compensation
Michele Richards
Immediate Past Chair
$0
Sara Kuzma-Stump
Chair
$0
Gregg A Bogia
Secretary
$0
Laura Haffner
Vice Chair
$0
Jack Gombach
Treasurer
$0
Alba Fernandez
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$21,669
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$21,669
Total Program Service Revenue$1,685,862
Investment income $67,278
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$28,918
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,924,013

Peer Organizations

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