Greater Philadelphia Chamber Of Commerce Regional Foundation
- Assets
- $3.0m
- Revenue
- $790.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 03/1992
- Data as of
- 06/2022
- EIN
- 23-2653189
Organization Overview
Greater Philadelphia Chamber Of Commerce Regional Foundation is located in Philadelphia, PA. The organization was established in 1992. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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 Philadelphia Chamber Of Commerce Regional 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 06/2022, Greater Philadelphia Chamber Of Commerce Regional Foundation generated $790.2k 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 (24.1%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Greater Philadelphia Chamber Of Commerce Regional Foundation has awarded 11 individual grants totaling $933,642. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER OF COMMERCE FOR GREATER PHILADELPHIA REGIONAL FOUNDATION WAS CREATED TO SUPPORT THE EDUCATIONAL, CULTURAL AND ECONOMIC DEVELOPMENT OF THE GREATER PHILADELPHIA REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELECT GREATER PHILADELPHIA GRANT THE PURPOSE OF THIS PROGRAM IS TO SUPPORT CERTAIN PUBLIC EDUCATIONAL, OUTREACH AND MARKETING ACTIVITIES OF SELECT GREATER PHILADELPHIA (SELECT") IN CONNECTION WITH ITS REGIONAL BUSINESS MARKETING CAMPAIGN. THESE ACTIVITIES ARE DESIGNED TO CONTRIBUTE TO THE REVITALIZATION OF THE GREATER PHILADELPHIA REGION, THEREBY COMBATING COMMUNITY DETERIORATION, LESSENING THE BURDENS OF GOVERNMENT AND CREATING JOB OPPORTUNITIES FOR LOW INCOME, UNEMPLOYED AND UNDER EMPLOYED RESIDENTS.
CELL & GENE THERAPY AND CONNECTED HEALTH (CGT&CH) THE CGT&CH INITIATIVE RECOGNIZES GREATER HILADELPHIA'S LEADERSHIP IN SEVERAL OF THE FASTEST-GROWING SUBSECTORS OF THE HEALTH CARE INDUSTRY ND IS DESIGNED TO LEVERAGE OUR SPECIALIZED ASSETS TO ACCELERATE GROWTH. IT PRIORITIZES GREATER HILADELPHIA BEING RECOGNIZED AS THE GLOBAL HUB OF RESEARCH, TALENT, CAPITAL, AND COMPANIES IN ELL & GENE THERAPY, GENE EDITING, AND CONNECTED HEALTH AND THE ECONOMIC BENEFITS TO THE REGION'S ECONOMY THAT WILL COME FROM THE GROWTH OF THIS SECTOR.
ARTS AND BUSINESS COUNCIL GRANT THE ARTS & BUSINESS COUNCIL OF GREATER PHILADELPHIA (ABC) FOSTERS COLLABORATION AND EXCHANGE BETWEEN THE CREATIVE AND BUSINESS COMMUNITIES FOR THE SOCIAL AND ECONOMIC BENEFIT OF THE GREATER PHILADELPHIA REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Wonderling Pres. & Director Ccgprf & Pres. & Ceo, Ccgp | OfficerTrustee | 5 | $0 |
Susan Jacobson Director | Trustee | 1 | $0 |
Joseph G Meterchick Director | Trustee | 1 | $0 |
Andrea Allon Treasurer, Ccgprf & Coo, Ccgp | Officer | 5 | $0 |
David Hepburn Secretary, Ccgprf & Controller, Ccgp | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $639,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,851 |
| Total Program Service Revenue | $0 |
| Investment income | $64,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,289 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $790,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $716,606 |
| Grants and other assistance to domestic individuals. | $84,893 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,720 |
| Advertising and promotion | $264,125 |
| Office expenses | $425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,646 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,346,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $124,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,000 |
| 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 | $1,750 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,797,172 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,959,900 |
| Accounts payable and accrued expenses | $129,036 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $144,036 |
| Net assets without donor restrictions | $1,424,604 |
| Net assets with donor restrictions | $1,391,260 |
| 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 | $2,959,900 |
Grants Awarded
Over the last fiscal year, Greater Philadelphia Chamber Of Commerce Regional Foundation has awarded $636,671 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMBER OF COMMERCE GR PHILADELPHIA PURPOSE: TO SUPPORT THE PROGRAMS OF THE ARTS AND BUSINESS COUNCIL OF GREATER PHILADELPHIA, INCLUDING BUSINESS ON BOARD AND EXPERTISE AND RESOURCES FROM THE BUSINESS SECTOR. | $163,171 |
CHAMBER OF COMMERCE GR PHILADELPHIA PURPOSE: TO CONTRIBUTE TO SELECT GREATER PHILADELPHIA'S REGIONAL MARKETING EFFORT TO PROMOTE ECONOMIC REVITALIZATION OF THE REGION AND TO ATTRACT, GROW AND RETAIN BUSINESSES AND JOBS, INCLUDING JOBS FOR LOW INCOME, UNEMPLOYED AND UNDEREMPLOYED RESIDENTS OF THE REGION. | $331,500 |
CHAMBER OF COMMERCE GR PHILADELPHIA PURPOSE: TO SUPPORT PROGRAMS OF THE DIVERSITY, EQUITY AND INCLUSION INITIATIVE, WHICH ASPIRE TO MAKE GREATER PHILADELPHIA A HIGHLIGHTING DIVERSE POPULATIONS THAT ARE UNDERREPRESENTED IN THE REGION. | $125,500 |
UNITED WAY OF GR PHILA & S JERSEY PURPOSE: CONTRIBUTIONS TOWARDS POWER OF THE PURSE WHICH HONORS EXTRAORDINARY WOMEN IN LEADERSHIP AND PHILANTHROPY. | $6,500 |
DREXEL UNIVERSITY PURPOSE: CONTRIBUTIONS TOWARDS ST CHRISTOPHERS HOSPITAL FOR CHILDREN. | $10,000 |