Indian Valley Chamber Of Commerce
- Assets
- $91.0k
- Revenue
- $258.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Souderton, PA
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 23-1916950
Organization Overview
Indian Valley Chamber Of Commerce is located in Souderton, PA. The organization was established in 1994. 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, Indian Valley Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Valley 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, Indian Valley Chamber Of Commerce generated $258.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $203.7k during the year ending 12/2021. While expenses have increased by 4.8% 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
PROMOTE GROWTH AND EXPANSION FOR THE INDIAN VALLEY BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP LUNCHEONS - CURRENT COMMUNITY INTEREST TOPICS PRESENTED BY QUALIFIFED BUSINESS, POLITICAL AND COMMUNITY LEADERS - ADDITIONAL NETWORKING OPPORTUNITIES.
ANNUAL BANQUET - COMMUNITY SERVICE AWARD IS PRESENTED, OUTGOING/INCOMING DIRECTORS ARE RECOGNIZED. THE BANQUET WAS NOT HELD IN 2020 DUE TO THE COVID PANDEMIC.
SEMINARS - 300+ MEMBERS SERVED AND ALL MEMBERS COMMUNICATED WITH. LEAD IV - NINE MONTH LONG TRAINING PROGRAM DESIGNED FOR BUSINESS AND NONPROFIT EXECUTIVES OR EMERGING LEADERS, THE LEAD IV CURRICULUM HAS A SPECIFIC EMPHASIS ON DEVELOPING SELF-AWARENESS AND IDENTIFYING THE SKILLS NEEDED TO SUCCESSFULLY LEAD TEAMS.
SPRING AND FALL FORUMS - PEER TO PEER LEADERSHIP EDUCATION AND NETWORKING PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Hunsberger Current Exec | Officer | 40 | $68,076 |
Courtney Covelens President | OfficerTrustee | 1 | $0 |
Leslie Wheeling Vice Preside | OfficerTrustee | 1 | $0 |
Brent Thompson Treasurer (2 | OfficerTrustee | 4 | $0 |
Brian Gourley Secretary | OfficerTrustee | 1 | $0 |
Susan Armitage Past Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,909 |
| 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 | $58,909 |
| Total Program Service Revenue | $168,318 |
| Investment income | $269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,042 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,431 |
| 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. | $71,345 |
| Compensation of current officers, directors, key employees. | $28,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,404 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $262 |
| Office expenses | $23,481 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,200 |
| Travel | $848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,085 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,796 |
| All other expenses | $0 |
| Total functional expenses | $203,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,887 |
| 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 | $1,100 |
| Total assets | $90,987 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $12,031 |
| 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 | $2,685 |
| Total liabilities | $14,716 |
| Net assets without donor restrictions | $76,271 |
| 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 | $90,987 |
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