2025-11-14T08:13:44-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 246024395 GREATER WILKES-BARRE INDUSTRIAL FUND INC GREA 5708232101 7 SOUTH MAIN STREET 3RD FLOOR 4 WILKESBARRE PA 18701 LINDSAY GRIFFIN PRESIDENT/CEO 5708232101 2025-11-04 1 1 KERRI N BOGDA P00760402 7177404863 2025-10-30 2024 2025-03-06 01:10:19Z LINDSAY GRIFFIN 7 SOUTH MAIN STREET 3RD FLOOR 4 WILKESBARRE PA 18701 2395184 0 X WWW.WYOMINGVALLEYCHAMBER.ORG X 1953 PA TO ENCOURAGE AND IMPROVE THE INDUSTRIAL GROWTH IN THE WYOMING VALLEY AREA. 11 11 0 13 0 0 3066579 2395134 0 0 10112 50 0 0 3076691 2395184 2994340 2363349 0 0 83590 65002 0 0 0 33220 26016 3111150 2454367 -34459 -59183 437312 116161 1115351 853032 -678039 -736871 X THE GREATER WILKES-BARRE INDUSTRIAL FUND ENCOURAGES AND IMPROVES ECONOMIC GROWTH IN NORTHEASTERN PENNSYLVANIA THROUGH FUNDING OPPORTUNITIES. THE FUND ACTS AS AN AGENT TO OBTAIN GRANTS AND/OR LOW-INTEREST FINANCING FROM AVAILABLE SOURCES FOR BUSINESS ENTERPRISES TO ACQUIRE PROPERTY OR ENGAGE IN CONSTRUCTION. 0 0 2437715 2363349 0 ACTED AS AN AGENT TO OBTAIN LOW INTEREST FINANCING FROM LOCAL BANKS AND THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY (PIDA) FOR BUSINESS ENTERPRISES TO ACQUIRE OR CONSTRUCT PROPERTY. ALSO ACTED AS AN AGENT IN THE ISRP (INDUSTRIAL SITES REUSE PROGRAM) AND THE PENNDOT MULTIMODAL GRANTS. 2437715 0 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 PA X X MATTHEW BICKERT CFO 5708232101 7 SOUTH MAIN STREET 3RD FLOOR 4 WILKESBARRE PA 18701 CAROL KEUP BOARD CHAIR 0.40 2.30 X X 0 0 0 TERI OOMS BOARD VICE CHAIR 0.40 2.30 X X 0 0 0 PHIL AMEND SECRETARY 0.40 2.00 X X 0 0 0 JOHN HENRY TREASURER 0.40 2.00 X X 0 0 0 JOSEPH HADDOCK BOARD MEMBER 0.40 2.00 X 0 0 0 CHRISTINE JENSEN BOARD MEMBER 0.40 0.00 X 0 0 0 DOROTHY LANE BOARD MEMBER 0.40 0.30 X 0 0 0 JOHN LISMAN BOARD MEMBER 0.40 2.00 X 0 0 0 MICHAEL LOMBARDO BOARD MEMBER 0.40 2.00 X 0 0 0 DEREK ZAMBINO BOARD MEMBER 0.40 2.00 X 0 0 0 KENNETH OKREPKIE BOARD MEMBER 0.40 0.00 X 0 0 0 TARA MUGFORD-WILSON EX-OFFICIO (NON-VOTING) 0.40 2.80 X 0 0 0 CARL WITKOWSKI EX-OFFICIO (NON-VOTING) 0.40 3.10 X 0 0 0 LINDSAY GRIFFIN PRESIDENT/CEO 7.50 30.00 X 0 150314 11279 MATTHEW BICKERT CHIEF FINANCIAL OFFICER 7.50 30.00 X 0 78917 15075 0 229231 26354 0 0 1 0 0 2363349 31785 2395134 50 50 2395184 0 0 50 2355424 2355424 7925 7925 53458 53458 7843 7843 3701 3701 384 384 8685 8685 357 357 2863 1432 1431 169 103 66 4222 2111 2111 805 805 6849 3424 3425 COMMUNITY INITIATIVE 981 981 INVESTMENT EXPENSES 401 401 MISCELLANEOUS 285 143 142 LICENSE & TAXES 15 8 7 2454367 2437715 16652 0 18817 13113 362491 40360 3035 9195 2969 3493 22776 22776 0 0 50000 50000 437312 116161 150460 27 200604 27620 764287 825385 1115351 853032 X -678039 -736871 -678039 -736871 437312 116161 X -59183 351 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22776 22776 0 0 MAAG II INVESTMENT 50000 C 50000 DUE TO RELATED PARTY 825385 825385 X 2395134 0 2395134 50 50 2395184 2453966 0 2453966 401 401 2454367 PART X, LINE 2: THE COMPANY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2024 AND 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST INCOME FROM INVESTMENT NOT RECORDED ON BOOKS 50. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NOT RECORDED ON BOOKS 401. 1 ALL BELGUIM LLC 10W NORTHAMPTON ST SUITE 2000 WILKES BARRE PA 18701 862563294 10000 0 AWARD FROM SPARK PROGRAM TO COVER RENT BLACK FUSE GALLERY LLC 59B NORTH MAIN ST SUITE 002 WILKES BARRE PA 18701 844729052 9600 0 AWARD FROM SPARK PROGRAM TO COVER RENT BOB KAL MEDIA LLC 627 FAIRCHILD ST NANTICOKE PA 18634 933471126 9900 0 AWARD FROM SPARK PROGRAM TO COVER RENT BUTTON HOLDINGS INC 16 SOUTH RIVER ST SUITE 200 WILKES BARRE PA 18701 834682227 5691 0 AWARD FROM SPARK PROGRAM TO COVER RENT C&C STAFFING INC 16 SOUTH RIVER ST SUITE 300 WILKESBARRE PA 18702 465431148 10000 0 AWARD FROM SPARK PROGRAM TO COVER RENT COWBOYS IN PARIS LLC 96 S MAIN ST WILKESBARRE PA 18701 932118190 6000 0 AWARD FROM SPARK PROGRAM TO COVER RENT EVERGREEN WB LLC 27 E NORTHAMTON ST WILKES BARRE PA 18701 933615353 8870 0 AWARD FROM SPARK PROGRAM TO COVER RENT HALIBUT BLUE LLC 14 E NORTHAMPTON ST SUITE 208 WILKES BARRE PA 18701 271035521 10000 0 AWARD FROM SPARK PROGRAM TO COVER RENT ISA MAGIC NAILS 69 E LIBERTY STREET HANOVER TOWNSHIP PA 18706 991067449 10000 0 AWARD FROM SPARK PROGRAM TO COVER RENT MECHANICAL X ADVANTAGE LLC 16 SOUTH RIVER ST WILKES BARRE PA 18701 832063369 7875 0 AWARD FROM SPARK PROGRAM TO COVER RENT NEXT L3VEL STUDIO LLC 168 PARK AVE WILKES BARRE PA 18702 993190563 5110 0 AWARD FROM SPARK PROGRAM TO COVER RENT OCG NEXT LEVEL SERVICE LLC 453 ARENA HUB PLAZA 1036 WILKESBARRE PA 18702 923407559 10000 0 AWARD FROM SPARK PROGRAM TO COVER RENT SOUTH BBQ & COFFEE SHOP LLC 245 SOUTH MAIN STREET WILKES BARRE PA 18701 922194757 10000 0 AWARD FROM SPARK PROGRAM TO COVER RENT STI HAZLETON TRANSPORT LLC 328 E BROAD ST APT 1 HAZLETON PA 18201 320493661 10000 0 AWARD FROM SPARK PROGRAM TO COVER RENT THINKING COMPUTER LTD 16 SOUTH RIVER STREET 4TH FLOOR WILKES BARRE PA 18701 931546095 5600 0 AWARD FROM SPARK PROGRAM TO COVER RENT 0 15 AWARD FROM SPARK PROGRAM TO COVER RENT 2 7925 PART I, LINE 2: THE INDUSTRIAL FUND IS A PASS THROUGH FOR GRANT INCOME. AS SUCH, THE INDUSTRIAL FUND DOES TRACK THE ELIGIBILITY OF APPLICANTS. GRANTS ARE APPROVED AND REVIEWED FOR ELIGIBILITY AT THE GRANTOR LEVEL BEFORE THEY ARE DISBURSED TO THE ORGANIZATION. THE MONITORING OF GRANT FUNDS IS DONE BY ONLY PAYING FUNDS AFTER THE WORK IS DONE AND SUBSTANTIATED. 0 0 0 0 0 0 0 0 0 LINDSAY GRIFFIN PRESIDENT/CEO 0 126907 0 17407 0 6000 0 5109 0 6170 0 161593 0 0 PART I, LINE 3 COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY THE GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY USING THE FOLLOWING: COMPENSATION COMMITTEE, COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE, THE FORM 990 IS REVIEWED BY MEMBERS OF THE GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY (CBI) BOARD. CBI IS THE PARENT ENTITY OF THE GREATER WILKES-BARRE INDUSTRIAL FUND, INC. FORM 990, PART VI, SECTION B, LINE 12C EACH "INTERESTED PERSON" SHALL ANNUALLY SIGN THE CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY OR THE BY-LAWS, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY AND AFFILIATES ARE TAX-EXEMPT ORGANIZATIONS AND THAT IN ORDER TO MAINTAIN FEDERAL TAX EXEMPTION, MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES UNDER IRC SECTION 501(C)3, 501(C)(4), OR 501(C)(6) OF THE INTERNAL REVENUE CODE. ON THE CONFLICT OF INTEREST DISCLOSURE STATEMENT, ALL "INTERESTED PERSONS" MUST DETAIL ALL EXISTING OR POTENTIAL CONFLICTS OF INTEREST AND FILE THE FORM WITH THE GOVERNANCE COMMITTEE ANNUALLY. INTERIM DISCLOSURES SHALL ALSO BE REQUIRED AS CONFLICTS DEVELOP SUBSEQUENT TO THE ANNUAL DISCLOSURES. TO ENSURE THAT GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY AND AFFILIATES OPERATE IN A MANNER CONSISTENT WITH THEIR CHARITABLE PURPOSES AND THAT THEY DO NOT ENGAGE IN ACTIVITIES THAT COULD INDIVIDUALLY JEOPARDIZE THEIR STATUS AS ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAX, A REVIEW OF ANY POTENTIAL CONFLICT SHALL BE CONDUCTED BY THE GOVERNANCE AND/OR AUDIT AND/OR FINANCE COMMITTEES. REVIEW OF SUCH TRANSACTIONS INCLUDES THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND ARE THE RESULTS OF APPROPRIATE NEGOTIATIONS. B. PARTIES SUBJECT TO THE TRANSACTION ARE EXCUSED FROM ALL DISCUSSION REGARDING THE TRANSACTION AND ARE NOT PRESENT DURING THE VOTE. C. ANY ABSTENTIONS TO THE VOTE ARE DOCUMENTED IN THE MEETING MINUTES. A BOARD DEVELOPMENT COMMITTEE EXISTS AND MEETS AT LEAST TWO TIMES EACH YEAR. IT EVALUATES THE PERFORMANCE OF CURRENT BOARD MEMBERS AND NOMINATES POTENTIAL BOARD MEMBERS TO THE ORGANIZATION'S BOARD FOR REVIEW AND RATIFICATION. THOSE NOMINEES ARE SELECTED BASED ON A SET OF VARIABLES IMPORTANT TO THE MISSION OF THE ORGANIZATION. THEY INCLUDE PROFESSIONAL AND EDUCATIONAL EXPERIENCE, DIVERSITY OF BACKGROUND, AND REPRESENTATION ACROSS A BROAD SPECTRUM OF THE BUSINESS AND CIVIC COMMUNITIES SERVED BY THE ORGANIZATION. SPECIAL ATTENTION IS GIVEN TO ENSURE THAT NO PARTICULAR BUSINESS, INDUSTRY, OR INDIVIDUAL HAS THE ABILITY TO INFLUENCE A MULTIPLE NUMBER OF BOARD VOTES AT ANY TIME. STAFF MEMBERS OF THE GREATER WILKES-BARRE CHAMBER OF BUSINESS & INDUSTRY DISTRIBUTE THE CONFLICT OF INTEREST STATEMENTS AT THE FIRST MEETING OF THE YEAR. THE BOARD MEMBERS ARE REQUIRED TO RETURN THE SIGNED STATEMENTS WITHIN 2 WEEKS. IF THE FORMS ARE NOT RETURNED WITHIN TWO WEEKS, STAFF MEMBERS WILL FOLLOW UP WITH THOSE BOARD MEMBERS WHO HAVE NOT RETURNED THEIR FORMS. A STAFF MEMBER REVIEWS ALL OF THE CONFLICT OF INTEREST STATEMENTS AND NOTIFIES THE CHAIRMAN OF THE BOARD OF ANY CONFLICTS OF INTEREST THAT MAY EXIST. A STAFF THEN MONITORS THE POTENTIAL FOR CONFLICTS OF INTEREST ON MATTERS THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE GREATER WILKES-BARRE INDUSTRIAL FUND, INC.'S PARENT ENTITY, GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY ("CBI"), MAINTAINS A PERSONNEL COMMITTEE CHARGED WITH ESTABLISHING AND ADMINISTERING THE COMPENSATION PRACTICES FOR OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE PERSONNEL COMMITTEE UTILIZES COMPARABILITY DATA PUBLISHED BY SIMILAR ECONOMIC DEVELOPMENT ORGANIZATIONS AND CHAMBERS OF COMMERCE, SUCH AS THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL AND THE ASSOCIATION OF CHAMBER OF COMMERCE EXECUTIVES, ON BOTH A NATIONAL AND STATEWIDE BASIS. CBI'S COMPENSATION DECISIONS ARE BASED UPON A REVIEW OF COMPENSATION FOR JOBS THAT ARE SIMILAR IN RESPONSIBILITIES AND DUTIES, IN ORGANIZATIONS THAT ARE SIMILAR IN SIZE, REVENUE, AND/OR NUMBER OF EMPLOYEES. COMMITTEE MEETINGS ARE HELD ON A REGULAR BASIS, AND DELIBERATION AND COMMITTEE DECISIONS ARE DOCUMENTED IN DETAIL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INVESTMENT INCOME NOT RECORDED ON BOOKS 351. FORM 990, PART V, LINE 2A: THE SALARIES AND WAGES REPORTED ON FORM 990, PART IX ARE THE GREATER WILKES-BARRE INDUSTRIAL FUND'S ALLOCATED PAYROLL COSTS BASED ON TIME SPENT. ALL INDIVIDUALS WORKING AT THE GREATER WILKES-BARRE DEVELOPMENT ARE EMPLOYEES OF THE GREATER WILKES BARRE CHAMBER OF BUSINESS & INDUSTRY ("CBI") AND ARE REPORTED ON ITS FORM 941 UNDER EIN: 02-0605397. CBI IS AN AFFILIATED TAX-EXEMPT ORGANIZATION. PAYROLL TAXES ARE ALLOCATED IN THE SAME MANNER AS SALARIES AND WAGES, BASED ON TIME SPENT. THE ORGANIZATION'S ALLOCATED PAYROLL TAX EXPENSE IS INCLUDED IN "OTHER SALARIES AND WAGES" REPORTED ON LINE 7 OF THE STATEMENT OF FUNCTIONAL EXPENSES. GREATER WILKES-BARRE CHAMBER OF COMMERCE 7 SOUTH MAIN STREET WILKESBARRE PA 18710 240751080 TO UNITE, GUIDE, SUPPORT AND SPEAK FOR THOSE WHO ENGAGED IN COMMERCE IN W-B. PA 501(C)(6) N/A THE GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY 0 GREATER WILKES-BARRE DEVELOPMENT CORPORATION 7 SOUTH MAIN STREET WILKESBARRE PA 18710 371440334 TO PROMOTE THE ECONOMIC EXPANSION AND OVERALL CIVIC BETTERMENT. PA 501(C)(4) N/A THE GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY 0 CEG INC 7 SOUTH MAIN STREET WILKESBARRE PA 18710 232369945 TO UNITE, GUIDE, SUPPORT AND SPEAK FOR THOSE ENGAGED IN COMMERCE IN W-B. PA 501(C)(6) N/A GREATER WYOMING VALLEY CHAMBER 0 GREATER WYOMING VALLEY CHAMBER 7 SOUTH MAIN STREET WILKESBARRE PA 18710 270633091 TO UNITE, GUIDE, SUPPORT AND SPEAK FOR THOSE ENGAGED IN COMMERCE IN W-B. PA 501(C)(6) N/A THE GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY 0 THE GREATER WILKES-BARRE GROWTH PARTNERSHIP 7 SOUTH MAIN STREET WILKESBARRE PA 18710 263345028 TO SUPPORT THE ACTIVITIES OF THE RELATED ORGANIZATIONS. PA 501(C)(3) LINE 7 THE GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY 0 THE GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY 7 SOUTH MAIN STREET WILKESBARRE PA 18710 060605397 SUPPORT, SPONSOR, ADMINISTER AND OVERSEE COMMUNITY PROGRAMS AND ACTIVITIES. PA 501(C)(3) LINE 10 N/A 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0