2024-10-28T06:47:29-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-01-01 222608944 THE FOUNDATION OF THE LANCASTER CHAMBER FOUN 7173973531 115 EAST KING STREET LANCASTER PA 17602 HEATHER VALUDES PRESIDENT AND CEO 7173973531 2024-10-25 1 1 KERRI N BOGDA CPA P00760402 7177404863 2024-10-25 2023 2024-10-15 13:58:12Z HEATHER VALUDES 115 EAST KING STREET LANCASTER PA 17602 254956 0 X HTTPS://WWW.LANCASTERCHAMBER.COM/ABOUT-US/OUR-FOU X 1985 PA PROVIDES EDUCATIONAL AND TRAINING PROGRAMS AND MEETING SPACE FOR NON-PROFITS. 5 4 0 124 0 0 179865 129677 0 0 0 1279 31510 30940 211375 161896 39700 43502 0 0 0 0 0 0 74413 468966 488989 508666 532491 -297291 -370595 12309323 12062642 8425486 8544588 3883837 3518054 X THE FOUNDATION OF THE LANCASTER CHAMBER IS ORGANIZAED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES INCLUDING THE DISTRIBUTION OF FUNDS FOR SUCH PURPOSES TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954. THE FOUNDATION PROVIDES A MECHANISM TO ESTABLISH AND FINANCE NEW COMMUNITY PROGRAMS TO MEET CRUCIAL AND CHANGING NEEDS. 0 0 441832 43502 0 THE FOUNDATION PROVIDES SUPPORT TO THE BUSINESS COMMUNITY THROUGH THE WORK OF THE LANCASTER CHAMBER, PROVIDING FUNDING FOR SPECIFIC TARGETED PROGRAMS. IN 2023, THE FOUNDATION'S FOCUS WAS ON WORKFORCE PRIORITIES; THE FOUNDATION PARTNERS, SUPPORTS, AND /OR LEADS OPPORTUNITIES AND SOLUTIONS TO ADDRESS WORKFORCE CHALLENGES. 142 COMMUNITY MEMBERS ENGAGED WITH ACHIEVE, A DEGREE COMPLETION PROGRAM. 52 STUDENTS ARE CONTINUING TO PURSUE DEGREE COMPLETION ACROSS 3 PARTNER INSTITUTIONS, 47 BUSINESSES JOINED OUR INSPIRE PLATFORM TO PROVIDE EXPERENTIAL LEARNING FOR STUDENTS IN GRADES K-12 THROUGHOUT OUR COUNTY AND THROUGH OUR DISCOVERING PATHS MENTORING PROGRAM THAT PAIRED 124 HIGH SCHOOL JUNIORS FROM 13 LANCASTER HIGH SCHOOLS WITH 1:1 MENTORING EXPERIENCE IN LANCASTER COUNTY. THE FOUNDATION ALSO STARTED TO HOUSE CULTIVATE! WHICH INFORMS, NAVIGATES, CONNECTS AND COORDINATES ENTREPRENEURS WITH BUSINESS RESOURCE PROVIDERS TO ACHIEVE PROSPERITY AND EQUITABLE ECONOMIC GROWTH ACROSS LANCASTER COUNTY. THE FOUNDATION ALSO BEGAN TANDEM ON 11/29/23 WHICH OFFERS PATHWAYS FOR BUSINESS SUCCESS THROUGH PROFIT SHARING AND DIRECT EMPLOYEE OWNERSHIP THAT LEADS TO SHARED PROSPERITY AND STRONGER COMMUNITIES. 441832 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X JULIE HOUCK DIRECTOR OF FINANCE 7173973531 115 EAST KING STREET LANCASTER PA 17602 DONNA KRESIER CHAIR ELECT(1/23-6/23)/CHAIR 0.50 6.00 X X 0 0 0 J SEROKY CHAIR(1/23-6/23)/PAST CHAIR 0.50 6.00 X X 0 0 0 ROBERT C SHOEMAKER CHAIR (UNTIL 5/23) 0.50 0.00 X X 0 0 0 JOANNE JUDGE VICE CHAIR (UNTIL 5/23) 0.50 0.00 X X 0 0 0 ERIC WENGER TREASURER 0.50 6.00 X X 0 0 0 ALEX BRAME TREASURER (UNTIL 10/23) 0.50 6.00 X X 0 0 0 JOANNE B LADLEY TREASURER (UNTIL 5/23) 0.50 0.00 X X 0 0 0 MIGUEL NISTAL BOARD MEMBER 0.50 6.00 X 0 0 0 KIMBERLY DECKER ESQ SECRETARY (UNTIL 5/23) 0.50 0.00 X X 0 0 0 HEATHER VALUDES PRESIDENT/CEO 1.00 36.50 X X 0 172256 35356 JULIE HOUCK DIRECTOR OF FINANCE 1.00 36.50 X 0 72473 20683 THOMAS WALLACE DIRECTOR OF BUSINESS DEVELOPMENT 1.00 36.50 X 0 105017 12178 0 349746 68217 0 0 1 0 0 129677 129677 1279 1279 124000 93060 30940 30940 30940 161896 0 0 32219 43502 43502 4348 4348 10000 7800 300 1900 450 351 13 86 409271 325409 11435 72427 PROGRAM EXPENSES 64770 64770 PA REGISTRATION 150 150 532491 441832 16246 74413 105158 45527 118060 325509 583 394 8120 0 8223955 2902175 5702970 5321780 163059 153059 6211373 6216373 12309323 12062642 9209 81814 8425486 8453565 8425486 8544588 X 3775714 3407429 108123 110625 3883837 3518054 12309323 12062642 X -370595 4812 X 0 1 X 1 0 X 147272 186372 50024 179865 129677 693210 147272 186372 50024 179865 129677 693210 13512 679698 129353 127983 124000 124000 125279 630615 4 570 574 1324399 320066 0.51320 0.57870 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 4. ART SALES - 2022 AMOUNT: $ 570. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 159313 159313 7260630 2248507 5012123 48396 31836 16560 755616 621832 133784 5321780 INVESTMENT IN SUBSIDIARIES 6216373 F 6216373 259768 4812 4812 254956 -93060 -93060 161896 625551 93060 93060 532491 0 532491 PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT RECOVERED - PLEDGES 4,812. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -93,060. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 93,060. 0 LANCASTER CHAMBER OF COMMERCE & INDUSTRY 115 EAST KING STREET LANCASTER PA 17602 232095463 501(C)(6) 43502 0 VARIOUS COMMUNITY PROGRAMS 0 1 PART I, LINE 2: GRANT FUNDS ARE PASSED THROUGH TO A RELATED ORGANIZATION WHICH USES THE FUNDS FOR COMMUNITY INITIATIVES IN SUPPORT OF THE ORGANIZATION'S MISSION. 0 0 0 0 0 0 0 0 0 HEATHER VALUDES PRESIDENT/CEO 0 155256 0 5000 0 12000 0 17762 0 17594 0 207612 0 0 PART I, LINE 3 A RELATED ORGANIZATION, LANCASTER CHAMBER OF COMMERCE & INDUSTRY, USES A COMPENSATION COMMITTEE AND COMPENSATION SURVEYS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED THE BYLAWS ON MAY 5, 2023. THE CHANGES TO THE BYLAWS INCLUDE AN ADDRESS UPDATE, REMOVAL OF THE CHAIRMAN OF THE COMMUNITY FOUNDATION BEING ON THE BOARD, AND THE ELECTION AND TERM OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE ORGANIZATION'S FINANCE DIRECTOR AND EXECUTIVE DIRECTOR. ONCE THE PRIMARY REVIEW IS COMPLETE, COPIES OF THE FORM 990 ARE MADE AVAILABLE TO THE BOARD PRIOR TO FILING. IN ADDITION, FORM 990 SHALL AT ALL TIMES BE AVAILABLE FOR INSPECTION BY THE PUBLIC WITHIN THE OFFICES OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS OF THE ORGANIZATION, WHICH INCLUDES EX-OFFICIO MEMBERS AND THE PRESIDENT/CEO AND VICE PRESIDENT/COO, ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. EACH COVERED PERSON IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY AND DISCLOSE ANY POTENTIAL CONFLICTS. THEY ARE ALSO REQUIRED UNDER THE CONFLICT OF INTEREST POLICY TO DISCLOSE ANY CONFLICT THEY MAY ENCOUNTER DURING THE PROCESS OF PERFORMING THEIR DUTY ON THE BOARD THROUGHOUT THE YEAR. A DETERMINATION OF A CONFLICT OF INTEREST IS MADE WHEN THE ANNUAL STATEMENT IS TURNED IN AND IS REVIEWED BY THE PRESIDENT/CEO OR THE VICE PRESIDENT/COO. DURING THE YEAR THE COVERED INDIVIDUALS MUST DISCLOSE TO THE BOARD, PRESIDENT/CEO AND/OR VICE PRESIDENT/COO ANY TRANSACTION THAT MAY BE A CONFLICT IN ADDITION TO THOSE DISCLOSED ON THE ANNUAL STATEMENT. ALL POTENTIAL CONFLICTS ARE REVIEWED BY THE PRESIDENT/CEO AND/OR VICE PRESIDENT/COO AND IF THERE IS A CONFLICT THE COVERED PERSON IS CLEARED OF ANY CONSEQUENCE BY THE FULL DISCLOSURE MADE BEFORE ANY ACTION IS TAKEN REGARDING THE CONFLICT. THE COVERED PERSON WITH THE CONFLICT MUST ABSTAIN FROM ANY DECISION IN THE CONFLICTING TRANSACTION. THE COVERED PERSON MUST ALSO BE ABSENT FROM THAT PART OF ANY MEETING WHEN THE CONFLICTING MATTER IS BEING VOTED ON. THE COVERED PERSON MAY BE PRESENT FOR DISCUSSION TO ANSWER QUESTIONS BUT MAY NOT ADVOCATE FOR THE ACTION TO BE TAKEN. THERE SHOULD BE MORE THAN ONE QUOTE OR RFP FOR ANY SIGNIFICANT TRANSACTIONS (OVER $5,000) THAT OCCUR WHERE A CONFLICT OF INTEREST IS INVOLVED. THOSE TRANSACTIONS THAT INVOLVE A SIGNIFICANT CONFLICT MUST BE AUTHORIZED BY THE BOARD BY A 2/3 MAJORITY OF THE DIRECTORS NOT INCLUDING THE INTERESTED COVERED PERSON. THE CONFLICT OF INTEREST POLICY DOES EXPRESSLY STATE THAT BUSINESS RELATIONSHIPS ARE A SOURCE OF POTENTIAL CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND CONSOLIDATED AUDIT REPORT AVAILABLE UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE OFFICE OF THE ORGANIZATION. FORM 990, PART XI, LINE 9: BAD DEBTS RECOVERED- PLEDGES 4,812. THE LANCASTER CHAMBER OF COMMERCE 115 EAST KING STREET LANCASTER PA 17602 232095463 COMMUNITY BUILDING PA 501(C)(6) N/A 0 LCCC TITLE HOLDING INC 115 EAST KING STREET LANCASTER PA 17602 822079375 TITLE HOLDING COMPANY PA 501(C)(2) THE FOUNDATION OF THE LANCASTER CHAMBER 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0