Pittsburgh Chapter Of The German American Chamber Of Commerce Ny In
- Assets
- $119.4k
- Revenue
- $249.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Pittsburgh, PA
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-3157145
Organization Overview
Pittsburgh Chapter Of The German American Chamber Of Commerce Ny In is located in Pittsburgh, PA. The organization was established in 2015. 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 12/2021, Pittsburgh Chapter Of The German American Chamber Of Commerce NY In employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pittsburgh Chapter Of The German American Chamber Of Commerce NY In 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, Pittsburgh Chapter Of The German American Chamber Of Commerce NY In generated $249.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $329.5k during the year ending 12/2021. 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
THE MISSION IS TO PROVIDE BUSINESS AND EDUCATIONAL OPPORTUNITIES FOR ITS MEMBERS. MEMBERSHIP PROVIDES DIRECT ACCESS TO THE SERVICES AND OTHER BENEFITS OFFERED BY THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INTERNSHIP PROGRAM PROVIDES BOTH AMERICAN AND GERMAN YOUTH THE OPPORTUNITY TO ASSIST THE ORGANIZATION IN EVENT SUPPORT, COMMUNICATIONS, MARKETING, AND TRANSLATION WORK. IN 2021, 2 INTERNS PARTICIPATED IN THE PROGRAM.
THE DUAL APPRENTICESHIP PROGRAM IS AN INNOVATIVE AND INDUSTRY-LED APPROACH TO EDUCATION. APPRENTICESHIPS PROVIDE PRACTICE, THEORY, AND WORK IN AN INTERNATIONALLY COMPETITIVE WORKFORCE. COMPANIES GET A TAILORED TRAINING PROGRAM, EMPLOYEE LOYALTY, AND ACCESS TO A HIGH QUALITY CANDIDATE POOL. THE PROGRAMS ARE DESIGNED FOR COMPANIES TO HAVE A WORKFORCE TAILORED TO THEIR NEEDS. THE APPRENTICES GET HANDS-ON EXPERIENCE WHILE ALSO LEARNING THEORY. IN 2021, 40 APPRENTICES WORKED FOR 13 DIFFERENT COMPANIES.
DELEGATION SERVICES ARE OFFERED AND ORGANIZED BY THE ORGANIZATION. THESE SERVICES INCLUDE ORGANIZING BUSINESS MEETINGS, COMPANY VISITS, PRESENTATION EVENTS, BUSINESS CONFERENCES, AND NETWORKING EVENTS, AS WELL AS TRAVEL AND LOGISTICS ARRANGEMENTS.
NETWORKING EVENTS ARE PROVIDED THROUGHOUT THE YEAR TO PROMOTE BOTH THE PROGRAMS PROVIDED BY THE ORGANIZATION AND BUSINESS ENGAGEMENT BETWEEN AMERICAN AND GERMAN FIRMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Mauer President & Treasurer | Officer | 40 | $122,000 |
Paul Overby Chairman Of The Board | Trustee | 1 | $0 |
Susanne Cook Secretary | Trustee | 0.1 | $0 |
Jeff Deane Board Member | Trustee | 0 | $0 |
Christopher Martin Board Member | Trustee | 0 | $0 |
Antonis Papadourakis Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,022 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $133,038 |
| 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 | $172,060 |
| Total Program Service Revenue | $63,885 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,838 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,783 |
| 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. | $122,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,283 |
| Pension plan accruals and contributions | $4,615 |
| Other employee benefits | $0 |
| Payroll taxes | $15,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,035 |
| Advertising and promotion | $881 |
| Office expenses | $947 |
| Information technology | $3,515 |
| Royalties | $0 |
| Occupancy | $5,995 |
| Travel | $2,032 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,230 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230 |
| Insurance | $4,643 |
| All other expenses | $925 |
| Total functional expenses | $329,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,078 |
| Savings and temporary cash investments | $0 |
| 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 | $365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,443 |
| Accounts payable and accrued expenses | $0 |
| 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 | $92,950 |
| Total liabilities | $92,950 |
| Net assets without donor restrictions | $26,493 |
| 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 | $119,443 |
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