Greater Reading Young Professionals
- Assets
- $100.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reading, PA
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-0142148
Organization Overview
Greater Reading Young Professionals is located in Reading, PA. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Reading Young Professionals 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, Greater Reading Young Professionals generated $8.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $10.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SUPPORT OF LOCAL YOUNG PROFESSIONALS BY HELPING THEM DEVELOP BUSINESS NETWORKS AND LEADERSHIP SKILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Gombach President As Of Jan 21 | 1 | $0 | |
Myriam Joseph Treasurer Thru Dec 21 | 1 | $0 | |
Sarah Phillips Vice President | 1 | $0 | |
Nic Thomas Secretary Thru Dec 21 | 1 | $0 | |
Aaron Sadowski Member Jan 21, Treasurer Jan 22 | 1 | $0 | |
Shawn Thomas Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $414 |
| Total Program Service Revenue | $6,097 |
| Membership dues | $1,441 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,952 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $6,827 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,809 |
| Total expenses | $10,636 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $100,518 |
| Other assets | $0 |
| Total assets | $100,518 |
| Total liabilities | $0 |
| Net assets or fund balances | $100,518 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Reading Young Professionals has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Gabelsville Athletic Association Boyertown, PA PURPOSE: Assist Community | $500 |
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