2024-11-01T07:17:45-05:00 2023-12-31 232108173 RKL LLP PO BOX 8408 LANCASTER PA 176048408 990 2023-01-01 251636785 PENNSYLVANIA CHAMBER OF BUSINESS AND INDUSTRY EDUCATIONAL FOUNDATION PENN 7172553252 417 WALNUT STREET HARRISBURG PA 17101 JEWELL LESTER VICE PRESIDENT 7172553252 2024-10-28 1 0 BETH L T SAUDER CPA P01474324 7173945666 2024-10-28 2023 2024-10-15 13:58:12Z JEWELL LESTER 417 WALNUT STREET HARRISBURG PA 17101 281719 0 X WWW.PACHAMBER.ORG/ABOUT/FOUNDATION X 1990 PA THE PA CHAMBER FOUNDATION IS A 501(C)(3) PA CHAMBER AFFILIATED ENTITY THAT EXISTS TO SUPPORT THE CHAMBER'S MISSION. THE FOUNDATION WORKS IN PARTNERSHIP WITH THE PA CHAMBER TO ACCELERATE THE PRIORITIES OF THE BUSINESS COMMUNITY AND SUPPORTS RESEARCH AND EDUCATION PROGRAMS THAT POSITIVELY IMPACT PENNSYLVANIA'S COMPETITIVENESS, INFRASTRUCTURE, WORKFORCE DEVELOPMENT AND EQUALITY OF OPPORTUNITY. 8 7 0 9 0 0 305625 222014 0 4160 1544 23955 8761 -7456 315930 242673 0 0 0 0 0 0 0 0 0 439193 154874 439193 154874 -123263 87799 947705 1052231 11320 28047 936385 1024184 X THE PA CHAMBER FOUNDATION IS A 501(C)(3) PA CHAMBER AFFILIATED ENTITY THAT EXISTS TO SUPPORT THE CHAMBER'S MISSION. THE FOUNDATION WORKS IN PARTNERSHIP WITH THE PA CHAMBER TO ACCELERATE THE PRIORITIES OF THE BUSINESS COMMUNITY AND SUPPORTS RESEARCH AND EDUCATION PROGRAMS THAT POSITIVELY IMPACT PENNSYLVANIA'S COMPETITIVENESS, INFRASTRUCTURE, WORKFORCE DEVELOPMENT AND EQUALITY OF OPPORTUNITY. 0 0 150160 4160 THE PENNSYLVANIA CHAMBER EDUCATIONAL FOUNDATION IS ENGAGED IN A BOLD, COLLABORATIVE ECONOMIC RESURGENCE INITIATIVE THAT WILL CREATE A FRAMEWORK TO FOSTER LONG-TERM ECONOMIC GROWTH AND EQUALITY OF OPPORTUNITY IN THE COMMONWEALTH. WE'RE BLAZING A BOLD APPROACH THAT EMPHASIZES A COMPETITIVE PENNSYLVANIA, A SOLID INFRASTRUCTURE AND A STRONGER WORKFORCE THROUGH STRATEGIES THAT WILL LEAD TO A ROBUST ECONOMY AND EXPANDED OPPORTUNITIES. IN 2023, THE PA CHAMBER EDUCATIONAL FOUNDATION HOSTED AN ANNUAL ECONOMIC SUMMIT FORECAST. THIS EVENT WAS DESIGNED FOR COMPANY PRESIDENTS, EXECUTIVE OFFICERS, BUSINESS OWNERS, FINANCIAL OFFICERS, TREASURERS, BOARD MEMBERS AND INVESTORS. THIS EVENT PRESENTED SOME OF THE NATION'S MOST RESPECTED ECONOMIC FORECASTERS, ANALYSTS AND INNOVATION FUTURISTS WHO PROVIDED INSIGHTS TO HELP BUSINESS LEADERS UNDERSTAND THE DETAILS OF THE CURRENT ECONOMY AND PREPARE FOR WHAT IS EXPECTED IN THE FUTURE.CIVIL DISCOURSE AND CIVICS EDUCATION PLAY A CRITICAL ROLE IN MAINTAINING A FUNCTIONAL DEMOCRACY, AND IT'S INCREASINGLY IMPORTANT TO ENCOURAGE STUDENT ENGAGEMENT IN CIVICS SO YOUNG PEOPLE CAN BECOME FUTURE ENGAGED CITIZENS. IN 2023, THE PENNSYLVANIA CHAMBER EDUCATIONAL FOUNDATION WAS PROUD TO PARTNER WITH THE U.S. CHAMBER OF COMMERCE FOUNDATION AND CHAMBERS OF COMMERCE THROUGHOUT PENNSYLVANIA TO HOST THE FIRST-EVER STATEWIDE CIVICS COMPETITION. THE PENNSYLVANIA CIVICS BEE IS AFFILIATED WITH THE NATIONAL CIVICS BEE, WHICH ENCOURAGES YOUNG AMERICANS IN 6TH, 7TH, AND 8TH GRADE TO ENGAGE IN CIVICS AND CONTRIBUTE TO THEIR COMMUNITIES. MODELED ON TRADITIONAL SPELLING AND GEOGRAPHY BEES, THE COMPETITION GIVES STUDENTS THE CHANCE TO WIN RECOGNITION AND EARN CASH PRIZES BY SHARING IDEAS FOR IMPROVING THEIR COMMUNITIES AND SHOWING THEIR KNOWLEDGE AND ENTHUSIASM FOR CIVICS. THE WINNER OF THE PENNSYLVANIA CIVICS BEE HAS SINCE BEEN INVITED TO COMPETE IN THE INAUGURAL NATIONAL CIVICS BEE NATIONAL CHAMPIONSHIP, WHICH WILL TAKE PLACE IN WASHINGTON, D.C., IN FALL 2024. 150160 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X THE ORGANIZATION 7172553252 417 WALNUT STREET HARRISBURG PA 17101 X MR LUKE BERNSTEIN PRESIDENT 1.00 51.00 X X 0 673778 26127 MS JEWELL LESTER VICE PRESIDENT 1.00 44.50 X 0 237272 16976 MR SETH KEITER TREASURER 1.00 37.75 X 0 108706 16507 MS CARISSA BURGETT SECRETARY 1.00 45.00 X 0 89540 2627 MS ELIZABATH BOLDEN BOARD UNTIL 7/23; EXECUTIVE DIRECTOR 41.25 0.00 X X 0 71189 5039 MR RICHARD EHST CHAIRMAN 1.00 1.00 X X 0 0 0 MR J GARY LANGMUIR VICE CHAIRMAN 1.00 1.00 X X 0 0 0 MR DAVID KERR BOARD MEMBER 1.00 1.00 X 0 0 0 MR MARC LUCCA BOARD MEMBER 1.00 1.00 X 0 0 0 MR DAVID TAYLOR BOARD MEMBER 1.00 1.00 X 0 0 0 MR JOHN LAWN BOARD MEMBER 1.00 1.00 X 0 0 0 MR DANIEL ONORATO BOARD MEMBER 1.00 1.00 X 0 0 0 0 1180485 67276 0 0 1 0 0 18550 100000 6750 96714 50914 222014 CONFERENCES 900099 4160 4160 4160 23955 23955 31590 18550 39046 -7456 -7456 242673 4160 0 16499 X 94198 94198 4624 4624 18986 18986 26576 21862 4714 676 676 9638 9638 MISCELLANEOUS EXPENSE 176 176 154874 150160 4714 0 745153 1045037 199332 0 101 7194 3119 0 947705 1052231 1910 13471 9410 12005 0 2571 11320 28047 X 936385 1024184 936385 1024184 947705 1052231 87799 0 X X 0 1 X 1 0 X X 1 PENNSYLVANIA CHAMBER OF BUSINESS AND INDUSTRY 230961100 10 1 0 189206 1 0 189206 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 2: THE SUPPORTED ORGANIZATION, PENNSYLVANIA CHAMBER OF BUSINESS AND INDUSTRY, IS NOT DETERMINED TO HAVE A STATUS UNDER SECTION 509(A)(1) OR (2) BECAUSE IT IS A 501(C)(6) ORGANIZATION. PART IV, SECTION A, LINE 3B: THE CHAMBER, DESCRIBED IN SECTION 501(C)(6), IS SUPPORTED BY MEMBERSHIP DUES AND FUNDS RESULTING FROM THE PERFORMANCE OF ITS EXEMPT ACTIVITIES. THIS SUPPORT, WHICH IS ENTIRELY FROM PERMITTED SOURCES, CONSTITUTES MORE THAN ONE-THIRD OF THE CHAMBER'S SUPPORT. THE CHAMBER DOES NOT NORMALLY RECEIVE MORE THAN ONE-THIRD OF ITS SUPPORT FROM ITEMS DESCRIBED IN SECTION 509(A)(2)(B). THE CHAMBER ORGANIZED AND OPERATED AN EDUCATIONAL FOUNDATION FOR THE SOLE PURPOSE OF FURTHERING THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE CHAMBER. THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). SINCE MORE THAN ONE-THIRD OF THE CHAMBER'S SUPPORT IS DERIVED FROM MEMBERSHIP DUES AND FROM FUNDS RESULTING FROM THE PERFORMANCE OF EXEMPT PURPOSES (ALL OF WHICH ARE FROM PERMITTED SOURCES) AND NOT MORE THAN ONE-THIRD OF ITS SUPPORT IS FROM ITEMS DESCRIBED IN SECTION 509(A)(2)(B), IT WOULD BE A PUBLICLY SUPPORTED ORGANIZATION DESCRIBED IN SECTION 509(A)(2) IF IT WERE DESCRIBED IN SECTION 501(C)(3) RATHER THAN SECTION 501(C)(6). ACCORDINGLY, IF THE FOUNDATION OTHERWISE MEETS THE REQUIREMENTS OF SECTION 509(A)(3) WITH RESPECT TO THE CHAMBER, IT WILL BE CONSIDERED AN ORGANIZATION DESCRIBED IN SECTION 509(A)(3). PART IV, SECTION A, LINE 3C: THE PENNSYLVANIA CHAMBER OF BUSINESS AND INDUSTRY EDUCATIONAL FOUNDATION UTILIZES THE FOLLOWING CONTROLS TO ENSURE THAT FUNDS ARE USED IN THE APPROPRIATE MANNER FOR CHARITABLE PURPOSES: MAINTAINING SEPARATE FINANCIAL RECORDS TO RECORD TRANSACTIONS RELATED TO CHARITABLE PURPOSES AND REQUIRING MANAGERIAL APPROVAL FOR ALL DISBURSEMENTS FROM THE EDUCATIONAL FOUNDATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILATE 2571 2571 X PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CHAMBER, INCLUDING WHETHER THE ENTITY IS EXEMPT FROM INCOME TAXES. MANAGEMENT EVALUATED THE TAX POSITIONS TAKEN AND CONCLUDED THAT THE CHAMBER HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE CHAMBER IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2020. ECONOMIC FORECAST SUMMIT 50140 18550 31590 795 4576 33675 50140 18550 31590 795 4576 33675 39046 -7456 0 0 0 0 0 0 0 0 0 MR LUKE BERNSTEIN PRESIDENT 0 473240 0 182025 0 18513 0 0 0 26127 0 699905 0 0 MS JEWELL LESTER VICE PRESIDENT 0 184689 0 41825 0 10758 0 4601 0 12375 0 254248 0 0 PART I, LINE 3 RELATED ORGANIZATION USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - WRITTEN EMPLOYMENT CONTRACT X 1 50914 FMV 0 0 0 0 PART I, COLUMN (B): SCH M, PART 1, COLUMN (B): NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B DRAFT 990 EMAILED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO THE FORM BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYEES ARE EMPLOYED BY PCI SERVICES, INC. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990 PART VII, SECTION A ELIZABETH BOLDEN WAS A BOARD MEMBER UNTIL 07/10/2023 AND WAS NOT COMPENSATED FOR HER TIME AS A BOARD MEMBER. AS OF 07/11/2023, SHE WAS HIRED AS AN EMPLOYEE TO BE THE EXECUTIVE DIRECTOR. THE COMPENSATION REPORTED IN PART VII, SECTION A RELATES SOLELY TO HER TIME AS AN EMPLOYEE. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 18,986. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,986. PART XII, LINE 2C THE AUDIT COMMITTEE OF THE CONSOLIDATED GROUP IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. ANNUALLY, THE AUDIT COMMITTEE APPOINTS THE INDEPENDENT ACCOUNTANT, APPROVES THE INDEPENDENT ACCOUNTANT'S FEES AND REVIEWS THE AUDITED FINANCIAL STATEMENTS AND TAX RETURNS. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. PA CHAMBER OF BUSINESS & INDUSTRY 417 WALNUT ST HARRISBURG PA 17101 230961100 FRONTLINE ADVOCATE FOR BUSINESS IN PENNSYLVANIA PA 501(C)(6) N/A 0 PENNSYLVANIA CHAMBER OF BUSINESS & INDUSTRY POLITICAL ACTION COMMITTEE 417 WALNUT ST HARRISBURG PA 17101 900042553 PROTECTION & ADVANCEMENT OF BUSINESS CLIMATE IN PA PA 527 PCBI 0 COMMONWEALTH LEADERS CUP 417 WALNUT ST HARRISBURG PA 17101 260834189 PROTECTION & ADVANCEMENT OF BUSINESS CLIMATE IN PA PA 527 PCBI 0 CITIZENS TO PROTECT PENNSYLVANIA JOBS 417 WALNUT ST HARRISBURG PA 17101 320236838 EDUCATE THE GENERAL PUBLIC ABOUT BUSINESS ISSUES PA 501(C)(4) PCBI 0 PCI INSURANCE INC 417 WALNUT ST HARRISBURG PA 17101 251775061 MANAGES HEALTH INSURANCE PROGRAMS FOR THE CHAMBER PA N/A C 0 PCI SERVICES INC 417 WALNUT ST HARRISBURG PA 17101 251784573 ADMINISTER THE PERSONNEL AND RELATED EXPENSES PA N/A C 0 YBNCOM INC 417 WALNUT ST HARRISBURG PA 17101 251841466 INACTIVE CORPORATION PA N/A C 0 INSURANCE COALITION INC 417 WALNUT ST HARRISBURG PA 17101 161731740 MANAGES BROKERAGE-RELATED INSURANCE PRODUCTS PA N/A C 0 PENNSYLVANIA CHAMBER INC 417 WALNUT ST HARRISBURG PA 17101 251627143 MEMBERSHIP SERVICES PA PCBI C 47023 7519765 1.00000 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 PCI INSURANCE INC C 100000 FAIR MARKET VALUE