Commonwealth Partners Chamber Of Entrepreneurs Inc
- Assets
- $3.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Harrisburg, PA
- Founding
- 08/2016
- Data as of
- 09/2023
- EIN
- 81-1538540
Organization Overview
Commonwealth Partners Chamber Of Entrepreneurs Inc is located in Harrisburg, PA. The organization was established in 2016. 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 09/2023, Commonwealth Partners Chamber Of Entrepreneurs Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Partners Chamber Of Entrepreneurs Inc 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 09/2023, Commonwealth Partners Chamber Of Entrepreneurs Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $2.6m during the year ending 09/2023. While expenses have increased by 18.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Commonwealth Partners Chamber Of Entrepreneurs Inc has awarded 25 individual grants totaling $1,437,500. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A DIVERSE GROUP OF STATE AND LOCAL BUSINESS AND COMMUNITY LEADERS, PHILANTHROPISTS AND SUCCESSFUL ENTREPRENEURS, WHO ARE DEDICATED TO IMPROVING THE ECONOMIC ENVIRONMENT IN PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: COMMONWEALTH PARTNERS CONSISTS OF A NUMBER OF LIKE-MINDED BUSINESS MEMBERS WHO ARE COMMITTED TO EDUCATING OTHER BUSINESSES AND THE PUBLIC CONCERNING THE BENEFITS AND VALUES OF CONSERVATIVE POLICIES AND LIMITED GOVERNMENT INVOLVEMENT TO CREATE A THRIVING BUSINESS CLIMATE IN PENNSYLVANIA.
ADVOCACY: COMMONWEALTH PARTNERS ADVOCATES ON BEHALF OF ITS BUSINESS MEMBERS FOR LEGISLATION AND POLICIES THAT WILL IMPROVE THE ECONOMIC AND COMMUNITY WELL-BEING OF BUSINESSES AND THE PUBLIC BY PROMOTING A SUCCESSFUL ECONOMIC ENVIRONMENT IN PENNSYLVANIA.
ENGAGEMENT: COMMONWEALTH PARTNERS ENGAGES IN THE POLITICAL AND ELECTORAL PROCESS FOR THE BENEFIT OF ITS BUSINESS MEMBERS, TO THE EXTENT PERMITTED BY THE INTERNAL REVENUE CODE AND THE COMMONWEALTH OF PENNSYLVANIA, BY MAKING INDEPENDENT EXPENDITURES IN SUPPORT OF CANDIDATES FOR STATE AND LOCAL OFFICE WHO SHARE THE ORGANIZATION'S COMMITMENT TO IMPROVING THE ECONOMIC AND COMMUNITY WELL-BEING OF BUSINESSES AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew J Brouillette President & Ceo, Trustee | OfficerTrustee | 40 | $550,000 |
Gina Pope Public Affairs Director | 40 | $147,246 | |
Jeremy Baker Political Director | 40 | $137,631 | |
Bethany Wilston Chief Of Staff | 40 | $115,000 | |
David E Barensfeld Chairman, Trustee | OfficerTrustee | 1 | $0 |
David Hogg Secretary/treasurer/truste | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,770,411 |
| Investment income | $16,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,216 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,938,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $636,000 |
| 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. | $605,513 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $707,728 |
| Pension plan accruals and contributions | $19,929 |
| Other employee benefits | $27,385 |
| Payroll taxes | $59,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,902 |
| Fees for services: Accounting | $41,047 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,117 |
| Advertising and promotion | $0 |
| Office expenses | $43,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $145,346 |
| 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 | $88,804 |
| Insurance | $12,663 |
| All other expenses | -$12,084 |
| Total functional expenses | $2,609,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,016 |
| Savings and temporary cash investments | $2,013,622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,718 |
| 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 | $20,647 |
| Net Land, buildings, and equipment | $843,528 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,127,531 |
| Accounts payable and accrued expenses | $127,094 |
| 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 | $43,280 |
| Total liabilities | $170,374 |
| Net assets without donor restrictions | $2,957,157 |
| 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 | $3,127,531 |
Grants Awarded
Over the last fiscal year, Commonwealth Partners Chamber Of Entrepreneurs Inc has awarded $630,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COMMONWEALTH ACTIONINC PURPOSE: GENERAL OPERATIONS | $575,000 |
AMERICANS FOR FAIR TREATNMENT PURPOSE: GENERAL OPERATIONS | $25,000 |
BLACK PASTORS UNITED FOR EDUCATION PURPOSE: GENERAL OPERATIONS | $30,000 |