Latrobe Area Chamber Of Commerce
- Assets
- $198.4k
- Revenue
- $235.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Latrobe, PA
- Founding
- 11/1946
- Data as of
- 12/2023
- EIN
- 25-0906692
Organization Overview
Latrobe Area Chamber Of Commerce, operating under the name Greater Latrobe-Laurel Valley Regio, is located in Latrobe, PA. The organization was established in 1946. 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 12/2023, Greater Latrobe-Laurel Valley Regio employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Latrobe-Laurel Valley Regio 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 Latrobe-Laurel Valley Regio generated $235.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $227.0k during the year ending 12/2023. 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
PROMOTION OF LOCAL BUSINESS AND INDUSTRIES AND LIVING/WORKING IN THE GREATER LATROBE AREA THROUGH MEMBERSHIP, NETWORKING, ADVERTISING AND VARIOUS EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL DINNER AND AWARDS CEREMONY IS WHERE THE LATROBE AREA CHAMBER OF COMMERCE AWARDS THE SMALL BUSINESS OF THE YEAR, VOLUNTEER OF THE YEAR NON- PROFIT OF THE YEAR AND COMMUNITY SERVICE AWARD.
N/A
THE ANNUAL GOLF CLASSIC AND DINNER IS AN OPPORTUNITY FOR LOCAL BUSINESSES TO NETWORK AND ADVERTISE THROUGH HOLE SPONSORSHIPS AND AWARD DONATIONS.
THE GREAT AMERICAN BANANA SPLIT CELEBRATION IS A LOCAL EVENT THAT CELEBRATES THE HISTORICAL INVENTION OF THE BANANA SPLIT IN LATROBE, PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Minkovich Chairman | Officer | 3 | $0 |
Amy Peer Vice Chairma | Officer | 3 | $0 |
Todd Weimer Secretary | Officer | 3 | $0 |
Maryann White-Helfferich Treasurer | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $107,466 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,356 |
| Total Program Service Revenue | $0 |
| Investment income | $1,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $48,783 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $358 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,559 |
| 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. | $70,300 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,775 |
| Pension plan accruals and contributions | $2,146 |
| Other employee benefits | $16,238 |
| Payroll taxes | $9,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,077 |
| Office expenses | $1,250 |
| Information technology | $9,750 |
| Royalties | $0 |
| Occupancy | $26,400 |
| Travel | $1,323 |
| 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 | $1,956 |
| Insurance | $2,196 |
| All other expenses | $16,521 |
| Total functional expenses | $227,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,673 |
| Savings and temporary cash investments | $41,451 |
| 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 | $67,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220 |
| Total assets | $198,392 |
| Accounts payable and accrued expenses | $4,213 |
| 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 | $3,514 |
| Total liabilities | $7,727 |
| Net assets without donor restrictions | $190,665 |
| 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 | $198,392 |