Greater Chambersburg Chamber Foundation
- Assets
- $475.3k
- Revenue
- $141.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chambersburg, PA
- Founding
- 05/1991
- Data as of
- 12/2023
- EIN
- 23-2630161
Organization Overview
Greater Chambersburg Chamber Foundation is located in Chambersburg, PA. The organization was established in 1991. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Chambersburg Chamber Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Greater Chambersburg Chamber Foundation generated $141.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $127.8k during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A MEANS FOR ADMINISTERING AND FINANCING PROGRAMS TO BENEFIT THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LEADERSHIP PROGRAM IS DESIGNED TO PROVIDE OPPORTUNITIES FOR LEADERSHIP SKILLS DEVELOPMENT AMONG COMMUNITY MEMBERS. CLASSES ARE HELD ON A MONTHLY BASIS FROM SEPTEMBER TO APRIL AND ARE TAUGHT BY VOLUNTEER COMMUNITY AND BUSINESS LEADERS. STUDENTS ARE GIVEN ASSIGNMENTS THAT WILL HELP FOSTER AND DEVELOP LEADERSHIP SKILLS TO FURTHER THEIR PERSONAL AND PROFESSIONAL DEVELOPMENT.
THE PRESERVATION PROGRAM PARTNERS WITH THE CHAMBER OF COMMERCE TO PROVIDE MAINTENANCE AND PRESERVATION TO HISTORICAL ARTIFACTS AND HISTORICAL SITES WITHIN THE LOCAL REGION.
THE WORKFORCE DEVELOPMENT PROGRAM PARTNERS WITH THE SOUTH CENTRAL PENNSYLVANIA WORKFORCE INVESTMENT BOARD (SCWIB) TO PROVIDE LEADERSHIP AND RESOURCES NECESSARY TO ENCOURAGE A FLOURISHING WORKFORCE AND COMPANYWIDE ECONOMIC WELLBEING. RESOURCES PROVIDED ARE CAREER DEVELOPMENT, EMPLOYMENT OPPORTUNITIES, INTERNSHIP OPPORTUNITIES, EDUCATOR RESOURCES, EMPLOYER RESOURCES, CONTINUING EDUCATION AND TRAINING.
THE INNOVATIVE TECHNOLOGY GRANTS PROGRAM AWARDS MONEY TO AREA SECONDARY TEACHERS WHO INTEGRATE INNOVATIVE TECHNOLOGY INTO THE WORKPLACE. SINCE 1999, THE FOUNDATION HAS AWARDED OVER $370,000 TO AREA SECONDARY TEACHERS WHO HAVE INTEGRATED INNOVATIVE TECHNOLOGY INTO THE WORKPLACE. THE AWARDS ARE MADE IN THE FALL TO PROJECTS THAT HAVE PROVEN TO BE INNOVATIVE, ADVANCED ACADEMIC IN NATURE AND ADDED VALUE TO THE CURRICULUM. THESE GRANTS ARE MADE POSSIBLE BY CONTRIBUTIONS MADE BY AREA BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Lautenslager President | OfficerTrustee | 1 | $0 |
Dan Baer Vice President | OfficerTrustee | 1 | $0 |
Taylor Hyatt Secretary | OfficerTrustee | 1 | $0 |
Kevin Stouffer Treasurer | OfficerTrustee | 1 | $0 |
Christy Caution Director | Trustee | 1 | $0 |
Colin Swain Director | Trustee | 1 | $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 | $84,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,542 |
| Total Program Service Revenue | $35,945 |
| Investment income | $11,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $132 |
| Net Income from Fundraising Events | $9,043 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,229 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $71,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,106 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $192 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $754 |
| All other expenses | $0 |
| Total functional expenses | $127,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,467 |
| Savings and temporary cash investments | $21,118 |
| Pledges and grants receivable | $11,870 |
| 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 | $762 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $372,437 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,640 |
| Total assets | $475,294 |
| Accounts payable and accrued expenses | $350 |
| Grants payable | $0 |
| Deferred revenue | $21,998 |
| 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 | $0 |
| Total liabilities | $22,348 |
| Net assets without donor restrictions | $446,384 |
| Net assets with donor restrictions | $6,562 |
| 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 | $475,294 |
Grants Awarded
Over the last fiscal year, Greater Chambersburg Chamber Foundation has awarded $23,731 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMBERSBURG AREA SCHOOL DISTRICT FOUNDATION PURPOSE: TECHNOLOGY | $8,825 |
WAYNESBORO AREA SCHOOL DISTRICT PURPOSE: TECHNOLOGY | $8,778 |
CHAMBERSBURG AREA SCHOOL DISTRICT PURPOSE: TECHNOLOGY | $6,128 |