Chester County Chamber Of Business And Industry is located in Malvern, PA. The organization was established in 1994. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Chester County Chamber Of Business And Industry employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chester County Chamber Of Business And 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 09/2021, Chester County Chamber Of Business And Industry generated $458.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $394.6k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 6 years. 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 POSITIVELY INFLUENCE THE BUSINESS CLIMATE IN CHESTER COUNTY, PA BY DEVELOPING EFFECTIVE RELATIONSHIPS BETWEEN BUSINESSES AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF EFFECTIVE RELATIONSHIPS BETWEEN BUSINESSES AND THE GENERAL PUBLIC TO POSITIVELY INFLUENCE THE BUSINESS CLIMATE IN CHESTER COUNTY, PENNSYLVANIA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Guy Ciarrocchi ESQ CEO | 50 | $163,817 | |
Thom Chiomento Chairperson | Officer | 1 | $0 |
David Hackett Chair-Elect | Officer | 5 | $0 |
Caitlin Ganley Secretary | Officer | 1 | $0 |
Jim Lee Immediate Pa | Officer | 1 | $0 |
Michael Stephano Treasurer | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $199,020 |
Fundraising events | $0 |
Related organizations | $0 |
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 | $199,020 |
Total Program Service Revenue | $0 |
Investment income | $16 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $3,667 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $205,254 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $458,382 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $17,838 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $171,178 |
Pension plan accruals and contributions | $7,493 |
Other employee benefits | $21,278 |
Payroll taxes | $20,273 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $39,849 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $10,020 |
Office expenses | $12,464 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $246 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,141 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $736 |
Insurance | $5,476 |
All other expenses | $6,457 |
Total functional expenses | $394,629 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $364,246 |
Savings and temporary cash investments | $26,848 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $22,296 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $92,810 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $21,662 |
Net Land, buildings, and equipment | $1,208 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,293 |
Total assets | $533,363 |
Accounts payable and accrued expenses | $25,659 |
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 | $240,038 |
Total liabilities | $265,697 |
Net assets without donor restrictions | $267,666 |
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 | $533,363 |
Organization Name | Assets | Revenue |
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Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |