2024-08-30T08:02:08-05:00 2023-12-31 232108173 RKL LLP 1330 BROADCASTING ROAD WYOMISSING PA 196106008 990 2023-01-01 231003440 GREATER READING CHAMBER OF COMMERCE & INDUSTRY GREA 6103766766 606 COURT ST READING PA 19601 LUCINE SIHELNIK CEO 6103766766 2024-08-28 1 0 RUTHANN J WOLL CPA P00647342 6103761595 2024-08-28 2023 2024-08-08 14:25:15Z LUCINE SIHELNIK 606 COURT ST READING PA 19601 3168692 0 X GREATERREADING.ORG X 1913 PA TO PROVIDE RESOURCES AND ADVOCATE FOR BUSINESS, PROVIDE NETWORK OPPORTUNITIES, PROVIDE BUSINESS AND TECHNICAL ASSISTANCE TO NEW AND EXPANDING BUSINESSES, TO PROVIDE EDUCATION AND TRAINING, AND ADVOCATE FOR AN ENVIRONMENT OF ECONOMIC GROWTH. 31 30 0 350 34700 0 22672 21669 1545157 1685862 38131 38360 131055 178122 1737015 1924013 0 0 0 0 746044 768293 0 0 0 932022 1143317 1678066 1911610 58949 12403 3940912 4137729 602070 599815 3338842 3537914 TO PROVIDE RESOURCES AND ADVOCATE FOR BUSINESS, PROVIDE NETWORK OPPORTUNITIES, PROVIDE BUSINESS AND TECHNICAL ASSISTANCE TO NEW AND EXPANDING BUSINESSES, TO PROVIDE EDUCATION AND TRAINING, AND ADVOCATE FOR AN ENVIRONMENT OF ECONOMIC GROWTH. 0 0 THE ORGANIZATION PROVIDES MANY RESOURCES TO MEMBERSHIP INCLUDING A MEMBERSHIP DIRECTORY, NEWSLETTER, CERTIFICATES OF ORIGIN, SALARY SURVEYS AND A RELOCATION GUIDE. THE ORGANIZATION PROVIDES VARIOUS PROGRAMS TO THEIR MEMBERSHIP SUCH AS TRAINING, EDUCATIONAL PROGRAMS, BUSINESS DEVELOPMENT ACTIVITIES, AND OTHER SERVICES. THESE ACTIVITIES ARE LISTED ON PART VIII OF FORM 990, LINE 2. THE ORGANIZATION PROVIDES MANY RESOURCES TO THE MEMBERSHIP INCLUDING NETWORKING OPPORTUNITIES AND BUSINESS AND TECHNICAL SUPPORT TO BUSINESSES. 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 25 0 1 0 1 1 0 0 0 1 1 0 0 0 X 31 30 0 1 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X SARA STEWART 6103766766 606 COURT ST READING PA 19601 MICHELE RICHARDS IMMEDIATE PAST CHAIR 1.00 0.00 X X 0 0 0 SARA KUZMA-STUMP CHAIR 1.00 0.00 X X 0 0 0 GREGG A BOGIA SECRETARY 1.00 0.00 X X 0 0 0 LAURA HAFFNER VICE CHAIR 1.00 0.00 X X 0 0 0 JACK GOMBACH TREASURER 1.00 0.00 X X 0 0 0 ALBA FERNANDEZ DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY DIETRICH SOLICITOR 1.00 0.00 X 0 0 0 DAVID W STONESIFER DIRECTOR 1.00 0.00 X 0 0 0 JIM SARRO DIRECTOR 1.00 0.00 X 0 0 0 JOHN PERATE DIRECTOR 1.00 0.00 X 0 0 0 BENJAMIN ROSS DIRECTOR 1.00 0.00 X 0 0 0 DAVID COOPER DIRECTOR 1.00 0.00 X 0 0 0 KRISTIN KOHLER DIRECTOR 1.00 0.00 X 0 0 0 DANIEL RICHARDS DIRECTOR 1.00 0.00 X 0 0 0 JOHN WEIDENHAMMER DIRECTOR 1.00 0.00 X 0 0 0 MIKE RILEY DIRECTOR 1.00 0.00 X 0 0 0 LUCY CORTEZ DIRECTOR 1.00 0.00 X 0 0 0 RYAN REDNER DIRECTOR 1.00 0.00 X 0 0 0 ANDREA FUNK DIRECTOR 1.00 0.00 X 0 0 0 BECKY ESHBACH DIRECTOR 1.00 0.00 X 0 0 0 DAN GRING DIRECTOR 1.00 0.00 X 0 0 0 DANIEL B LAWS JR DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN BONNER DIRECTOR 1.00 0.00 X 0 0 0 BEN LEISAWITZ DIRECTOR 1.00 0.00 X 0 0 0 RODNEY RIDLEY DIRECTOR 1.00 0.00 X 0 0 0 ALAN SHUMAN DIRECTOR 1.00 0.00 X 0 0 0 BRIAN DIETRICH DIRECTOR 1.00 0.00 X 0 0 0 JOEY JURGIELEWICZ DIRECTOR 1.00 0.00 X 0 0 0 JONATHAN ENCARNACION DIRECTOR 1.00 0.00 X 0 0 0 KRISTI GAGE-LINDERMAN DIRECTOR 1.00 0.00 X 0 0 0 JAMES GERLACH CEO/PRESIDENT 30.00 10.00 X X 0 304341 18260 0 304341 18260 0 0 1 0 0 21669 21669 PROGRAMS & SPECIAL ACTIVITIES 541900 637137 637137 MEMBERSHIP DUES 541900 620843 620843 PUBLIC TRAINING PROGRAMS 541900 254699 254699 IN-HOUSE TRAINING PROGRAMS 541900 135608 135608 CATALYST REVENUE 541900 28050 28050 9525 9525 1685862 67278 67278 1215761 1244679 -28918 -28918 -28918 OTHER 900099 91984 12486 79498 EMPLOYEE RETENTION CREDIT 541900 36479 36479 E-NEWSLETTER 541900 31659 10159 21500 18000 4800 13200 178122 1924013 1749786 34700 117858 106736 537432 30830 45175 48120 41320 9696 73362 42906 21464 48124 182086 25817 1427 31659 18009 SPECIAL ACTIVITIES 431766 PUBLIC TRAINING PROGRAM 83397 IN-HOUSE TRAINING PROGR 81016 MEMBERSHIPS / DUES EXPE 34663 16605 1911610 248957 241762 12719 19444 119411 116178 922220 533849 397155 388371 1978800 2241668 1183870 1130306 3940912 4137729 255738 231854 298017 326263 48315 41698 602070 599815 X 3338842 3537914 3338842 3537914 3940912 4137729 X 12403 233271 -46602 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 620843 13512 13512 31042 -17530 PART I-A, LINE 1: THE ORGANIZATION ADVOCATES FOR A PRO-BUSINESS POLICY AGENDA AND PROVIDES OPPORTUNITIES FOR MEMBERS TO INTERACT WITH ELECTED OFFICIALS AND MAINTAINS AN INTERACTIVE WEBSITE THAT PROVIDES INFORMATION AND ENABLES MEMBERS TO CONTACT THEIR ELECTED OFFICIALS. 127954 127954 527619 318065 209554 34464 34464 0 153018 102155 50863 79165 79165 0 388371 INVESTMENT IN GRCEDC 1130306 1130306 X PART X, LINE 2: AS A NOT-FOR-PROFIT ORGANIZATION, THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION (BENEFIT) FOR INCOME TAXES IN ITS STATEMENTS OF INCOME. AT DECEMBER 31, 2023 AND 2022, THERE WAS NO ACCRUAL FOR THE PAYMENT OF PENALTIES AND INTEREST. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE ORGANIZATION FILES INFORMATIONAL RETURNS (IRS FORM 990) IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION'S TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED DECEMBER 31, 2020. X X X 0 0 0 JAMES GERLACH CEO/PRESIDENT 0 304341 0 0 0 0 0 18260 0 0 0 322601 0 0 PART I, LINE 3 PLEASE NOTE THAT THE WAGES REPORTED IN SCHEDULE J REFLECT COMPENSATION FROM RELATED ORGANIZATIONS. ONLY A PORTION OF THESE WAGES IS INCLUDED IN THIS RETURN ON PART IX, CORRESPONDING TO THE TIME AND SERVICES DEDICATED TO THE ACTIVITIES OF THIS ORGANIZATION. THE REPORTED AMOUNTS ARE IN ACCORDANCE WITH THE ALLOCATION RULES AS PER THE IRS GUIDELINES FOR RELATED ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 3 GREATER READING CHAMBER OF COMMERCE & INDUSTRY CONTRACTS WITH GREATER READING CHAMBER ALLIANCE FOR LEASED EMPLOYEES AND ADMINISTRATIVE FUNCTIONS. FORM 990, PART VI, SECTION A, LINE 6 ANY INDIVIDUAL, FIRM, OR CORPORATION COMMITTED TO THE PURPOSES OF THE GREATER READING CHAMBER OF COMMERCE AND INDUSTRY SHALL BE ELIGIBLE TO APPLY FOR MEMBERSHIP. THE BOARD MAY SET AND CHANGE MEMBERSHIP CLASSES PERIODICALLY BY A MAJORITY VOTE OF THE BOARD. APPLICATION FOR MEMBERSHIP SHALL BE IN WRITING, ON FORMS PROVIDED FOR THAT PURPOSE. IT SHALL BE FILED WITH THE PRESIDENT OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTE REVIEWED AND APPROVED FORM 990 AND FORM 990-T ON BEHALF OF THE MEMBERSHIP AND BOARD BEFORE FILING THE FORMS WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD OF DIRECTOR IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE PRESIDENT REVIEWS EACH STATEMENT FOR RELEVANT INFORMATION AND THE BOARD THEN APPROPRIATELY ADDRESSES ANY POTENTIAL CONFLICTS OF INTEREST NOTED. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIRMAN, PAST CHAIRMAN AND VICE CHAIRMAN OF THE BOARD CONSULT TO REVIEW THE CEO'S SALARY AND USE NUMERIC EVALUATION AGAINST BOARD APPROVED GOALS AND METRICS. COMPARABLE EXECUTIVE SALARY DATA IS ALSO REVIEWED FROM THE AMERICAN CHAMBER OF COMMERCE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BOOK/TAX DEPRECIATION 6,962. INCOME IN EQUITY OF AFFILIATE -53,564. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. BERKS COUNTY CHAMBER FOUNDATION 606 COURT STREET READING PA 19601 222661138 ADVANCEMENT PA 501(C)(3) LINE 7 0 GREATER READING CHAMBER & ECONOMIC DEVELOPMENT CORPORATION 606 COURT STREET READING PA 19601 814279395 ADVANCEMENT PA 501(C)(3) LINE 7 0 GREATER BERKS DEVELOPMENT FUND 606 COURT STREET READING PA 19601 236392284 ADVANCEMENT PA 501(C)(4) 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 GREATER READING CHAMBER & ECONOMIC DEVELOPMENT CORPORATION O 771948 MANAGEMENT SERVICES AGREEMENT GREATER READING CHAMBER & ECONOMIC DEVELOPMENT CORPORATION P 283753 MANAGEMENT SERVICES AGREEMENT