2025-03-18T11:06:40-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 1525 VALLEY CENTER PARKWAY STE 300 BETHLEHEM PA 180172285 990 2023-07-01 230337580 GREATER LEHIGH VALLEY CHAMBER OF COMMERCE GREA 6107514980 158A NORTHAMPTON STREET EASTON PA 18042 T ANTHONY IANNELLI PRESIDENT 6107514980 2025-03-11 1 0 CARY J GIACALONE II CPA P01799465 6104335501 2025-02-24 2023 2025-03-06 01:10:19Z T ANTHONY IANNELLI 158A NORTHAMPTON STREET EASTON PA 18042 5661692 0 X WWW.LEHIGHVALLEYCHAMBER.ORG X 1917 PA TO IMPROVE THE ECONOMY AND QUALITY OF COMMUNITIES IN THE LEHIGH VALLEY METROPOLITAN AREA. 74 74 51 672 317693 0 0 0 4510853 4904673 80437 93839 331037 24262 4922327 5022774 0 0 0 0 2841427 2745947 0 0 0 2384435 2319774 5225862 5065721 -303535 -42947 3719120 3588243 1980177 1677342 1738943 1910901 TO IMPROVE THE ECONOMY AND QUALITY OF COMMUNITIES IN THE LEHIGH VALLEY METROPOLITAN AREA. 0 0 PROVIDE SUPERIOR PROGRAMS AND SERVICES FOR THE ORGANIZATION'S MEMBERS AND THE GENERAL PUBLIC, ADVOCATE TO ADVANCE BUSINESS INTERESTS, UNIFY THE BUSINESS COMMUNITY TO LEVERAGE REGIONAL RESOURCES AND CREATE OPPORTUNITIES FOR BUSINESSES TO GROW. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 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 1 1 0 1 51 0 1 51 1 1 1 0 0 0 0 0 0 0 X 74 74 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X DAWN WERKHEISER 6107514980 158A NORTHAMPTON STREET EASTON PA 18042 T ANTHONY IANNELLI PRESIDENT/CEO 38.00 2.00 X 262645 0 15752 FRANK FACCHIANO COO/EXEC VP - MEMBER RELATIONS 40.00 0.00 X 186633 0 12331 JESSICA O'DONNELL EVP AFFILIATED CHAMBERS 40.00 0.00 X 152756 0 11115 ALISON PICKEL EXEC VP - MEMBER RELATIONS 40.00 0.00 X 126528 0 10356 DAWN WERKEISER CFO 38.00 2.00 X 106065 0 9854 THOMAS GROVES CHAIR 1.00 0.00 X X 0 0 0 LAURIE HACKETT VICE CHAIR 1.00 0.00 X X 0 0 0 BRET LUDLOW SECRETARY 1.00 0.00 X X 0 0 0 JEFFREY BERDAHL TREASURER 1.00 0.00 X X 0 0 0 DANIELLE ADAMS-WILTSHIRE DIRECTOR 1.00 0.00 X 0 0 0 PAUL ANTHONY JR DIRECTOR 1.00 0.00 X 0 0 0 ANNE BAUM DIRECTOR 1.00 0.00 X 0 0 0 KRISTA BERARDELLI DIRECTOR 1.00 0.00 X 0 0 0 LUIS CAMPOS DIRECTOR 1.00 0.00 X 0 0 0 KATHRYN BROWN DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM BROWN DIRECTOR 1.00 0.00 X 0 0 0 BECKY BRADLEY DIRECTOR 1.00 0.00 X 0 0 0 MEGHAN BURKE DIRECTOR 1.00 0.00 X 0 0 0 CARA BUTZ DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL BUTZ DIRECTOR 1.00 0.00 X 0 0 0 ADRIAN COUSENS DIRECTOR 1.00 0.00 X 0 0 0 DONALD CUNNINGHAM DIRECTOR 1.00 0.00 X 0 0 0 NANCY DISCHINAT DIRECTOR 1.00 0.00 X 0 0 0 PHIL DONATELLI DIRECTOR 1.00 0.00 X 0 0 0 ARTHUR DORN DIRECTOR 1.00 0.00 X 0 0 0 RALPH EBERHARDT DIRECTOR 1.00 0.00 X 0 0 0 LEIGH EHRLICH DIRECTOR 1.00 0.00 X 0 0 0 SARAH FINNEY-MILLER DIRECTOR 1.00 0.00 X 0 0 0 BARRY FISHER DIRECTOR 1.00 0.00 X 0 0 0 RUSSELL FLETCHER DIRECTOR 1.00 0.00 X 0 0 0 LOU FROMM DIRECTOR 1.00 0.00 X 0 0 0 WADE GEORGE DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL GIBSON DIRECTOR 1.00 0.00 X 0 0 0 RICKY GOWER DIRECTOR 1.00 0.00 X 0 0 0 KEVIN GREENE DIRECTOR 1.00 0.00 X 0 0 0 MURAT GUZEL DIRECTOR 1.00 0.00 X 0 0 0 FRANK HESTON DIRECTOR 1.00 0.00 X 0 0 0 LYN HUFTON DIRECTOR 1.00 0.00 X 0 0 0 MARY JO HARRIS DIRECTOR 1.00 0.00 X 0 0 0 MURTAZA SAFDERALI JAFFER DIRECTOR 1.00 0.00 X 0 0 0 DAVID JONES DIRECTOR 1.00 0.00 X 0 0 0 KATARAH JORDAN DIRECTOR 1.00 0.00 X 0 0 0 MARILYN KELLY-CAVOTTA DIRECTOR 1.00 0.00 X 0 0 0 DAVID KERPER DIRECTOR 1.00 0.00 X 0 0 0 ROBERT KNAUSS DIRECTOR 1.00 0.00 X 0 0 0 ANDREW LAWLER DIRECTOR 1.00 0.00 X 0 0 0 JOANNE LEASURE DIRECTOR 1.00 0.00 X 0 0 0 GEORGE B LEHR DIRECTOR 1.00 0.00 X 0 0 0 BUDDY LESAVOY DIRECTOR 1.00 0.00 X 0 0 0 KEVIN LEWIS DIRECTOR 1.00 0.00 X 0 0 0 MIKE LICHTENBERGER DIRECTOR 1.00 0.00 X 0 0 0 DONNA LOSTOCCO DIRECTOR 1.00 0.00 X 0 0 0 NICHOLAS LUKOW DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER L MANN DIRECTOR 1.00 0.00 X 0 0 0 NICK MAXELL DIRECTOR 1.00 0.00 X 0 0 0 LAMONT MCCLURE DIRECTOR 1.00 0.00 X 0 0 0 MICHELE MCGRATH DIRECTOR 1.00 0.00 X 0 0 0 ALEX MICHAELS DIRECTOR 1.00 0.00 X 0 0 0 JOHN ROSARIO DIRECTOR 1.00 0.00 X 0 0 0 CINDY MILLER DIRECTOR 1.00 0.00 X 0 0 0 KIMBERLEE ROSARIO DIRECTOR 1.00 0.00 X 0 0 0 MARY MOELLER DIRECTOR 1.00 0.00 X 0 0 0 ASHLEY RUSSO DIRECTOR 1.00 0.00 X 0 0 0 REBECCA NEWSOM DIRECTOR 1.00 0.00 X 0 0 0 JOE RUSSO DIRECTOR 1.00 0.00 X 0 0 0 BEKAH RUSNOCK DIRECTOR 1.00 0.00 X 0 0 0 CAROL OBANDO-DERSTINE DIRECTOR 1.00 0.00 X 0 0 0 DR TINA RICHARDSON DIRECTOR 1.00 0.00 X 0 0 0 JILL SMALE DIRECTOR 1.00 0.00 X 0 0 0 TOM STOUDT DIRECTOR 1.00 0.00 X 0 0 0 AJ SUERO DIRECTOR 1.00 0.00 X 0 0 0 ANN MARIE SUPINSKI DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN TRIMBLE DIRECTOR 1.00 0.00 X 0 0 0 BENJAMIN WHITE DIRECTOR 1.00 0.00 X 0 0 0 DOROTA GASIENICA-KOZAK DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN PATTERSON DIRECTOR 1.00 0.00 X 0 0 0 PHILLIPS ARMSTRONG DIRECTOR 1.00 0.00 X 0 0 0 MARY LISICKY DIRECTOR 1.00 0.00 X 0 0 0 JOHN HAYES DIRECTOR 1.00 0.00 X 0 0 0 834627 0 59408 5 0 1 0 0 COUNCIL PROGRAMS 812900 2833232 2833232 MEMBERSHIP DUES 812900 1117801 1117801 PROGRAM SUPPORT 812900 628916 628916 ADVERTISING 541800 317693 317693 PUBLICATIONS 812900 7031 7031 4904673 76158 76158 656599 638918 17681 17681 17681 OTHER INCOME 900099 17762 17762 MANAGEMENT FEES 561499 6500 6500 24262 5022774 4593480 317693 111601 817065 1561417 40894 128311 198260 22735 21993 12149 35397 261463 188931 213482 81477 4617 21683 COUNCIL PROGRAMS 1335042 BANK/CREDIT CARD FEES 52201 MEMBERSHIP 44446 BAD DEBT 3987 20171 5065721 117164 30148 452044 275412 8970 5748 453981 420338 28180 33696 113640 106215 8560 7425 2182673 2473810 467548 341666 3719120 3588243 182389 101882 900863 872282 896925 703178 1980177 1677342 X 1738943 1910901 1738943 1910901 3719120 3588243 -42947 214905 0 X X 0 1 X 1 0 0 1 0 113640 106215 7425 7425 OPERATING LEASE RIGHT-OF-USE 304184 FINANCE LEASE RIGHT-OF-USE 37482 341666 SPECIAL PROJECTS 270912 DUE TO A RELATED PARTY 4370 OPERATING LEASE LIABILITIES 325715 FINANCE LEASE LIABILITIES 38556 GIFT CERTIFICATE LIABILITIES 63625 703178 X 5003700 214905 105018 319923 4683777 12149 326848 338997 5022774 4831742 105018 -326848 -221830 5053572 12149 12149 5065721 PART X, LINE 2: NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS SINCE THE CHAMBER IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. HOWEVER, INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE, IF ANY, WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION COMPLIES WITH GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. AS OF JUNE 30, 2024 AND 2023, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME 326,848. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME NETTED IN MARKETING AND PUBLICATIONS -326,848. X X 1 1 X X 0 0 0 T ANTHONY IANNELLI PRESIDENT/CEO 262645 0 0 0 0 0 8088 0 7664 0 278397 0 0 0 FRANK FACCHIANO COO/EXEC VP - MEMBER RELATIONS 186633 0 0 0 0 0 5832 0 6499 0 198964 0 0 0 JESSICA O'DONNELL EVP AFFILIATED CHAMBERS 152756 0 0 0 0 0 4614 0 6501 0 163871 0 0 0 PART I, LINE 1A PER EXECUTIVE CONTRACT, THE ORGANIZATION PAYS THE CEO'S HEALTH AND PROVIDES AN ANNUAL DISCRETIONARY SPENDING ACCOUNT. THESE FEES PAID ARE INCLUDED IN HIS W-2 AS TAXABLE INCOME. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS THAT JOIN TO RECEIVE THE MANY BENEFITS OFFERED BY THE ORGANIZATION. THE MEMBERS HOWEVER, DO NOT HAVE VOTING RIGHTS TO APPROVE THE APPOINTMENT OF THE DIRECTORS OR TO RECEIVE DISTRIBUTIONS OF ASSETS OR INCOME FROM THE ORGANIZATION. THE MEMBERS ARE GIVEN THE RIGHT TO VOTE ON AND APPROVE OF MAJOR DECISIONS THAT AFFECT THE ORGANIZATION AS A WHOLE. FORM 990, PART VI, SECTION A, LINE 7A PER THE BYLAWS, ARTICLE VII - GOVERNORS, PARAGRAPH 2: THE FOLLOWING SHALL SERVE AS VOTING MEMBERS OF THE BOARD, EX OFFICIO, AND SHALL BE INCLUDED IN DETERMINING THE NUMBER OF VOTING MEMBERS OF THE BOARD THEN SERVING: (A) THE PRESIDENT OF THE CHAMBER; (B) THE IMMEDIATE PAST CHAIR OF THE BOARD OF GOVERNORS; (C) THE COUNTY EXECUTIVE AND THE BOARD OF COMMISSIONERS OR SIMILAR BODY, OF THE COUNTY(IES) IN WHICH THE CHAMBER HAS MEMBERS BY VIRTUE OF HAVING MERGED WITH ANY OTHER CHAMBER SHALL EACH BE ASKED TO DESIGNATE AN INDIVIDUAL TO SERVE ON THE BOARD; (D) THE PRESIDENT OF ANY REGIONAL COUNCIL, AS PROVIDED IN ARTICLE X OF THESE BY-LAWS, THAT RESULTS FROM THE MERGER OF ANY OTHER CHAMBER OF COMMERCE WITH AND INTO THE CHAMBER, IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF AN AGREEMENT AND PLAN OF MERGER, PROVIDED SUCH INDIVIDUAL IS NOT ELECTED TO SERVE AS A MEMBER OF THE BOARD; (E) THE PRESIDENT, CHAIRPERSON AND/OR OTHER REPRESENTATIVE(S) OF ANY OTHER CHAMBER OF COMMERCE THAT HAS ENTERED INTO AN AGREEMENT WITH THE CHAMBER, INCLUDING ONE TO AFFILIATE OR PARTNER WITH THE CHAMBER, THE TERMS OF WHICH INCLUDE A PROVISION FOR SUCH REPRESENTATION ON THE BOARD OF GOVERNORS. (F) THE PRESIDENT OR CHAIRPERSON, AS APPLICABLE, OF THE SMALL BUSINESS COUNCIL, THE WOMEN'S BUSINESS COUNCIL, AND THE GREATER LEHIGH VALLEY CHAMBER FOUNDATION, PROVIDED THE INDIVIDUAL THEN SERVING AS PRESIDENT OR CHAIRPERSON, AS THE CASE MAY BE, IS NOT ELECTED TO SERVE AS A MEMBER OF THE BOARD; (G) THE EXECUTIVE DIRECTOR OF LEHIGH VALLEY ECONOMIC DEVELOPMENT CORPORATION (LVEDC), SO LONG AS THE PRESIDENT OF THE GREATER LEHIGH VALLEY CHAMBER OF COMMERCE SERVES AS A VOTING MEMBER OF THE BOARD OF LVEDC; (H) THE EXECUTIVE DIRECTOR OF THE DISCOVER LEHIGH VALLEY BOARD, SO LONG AS THE PRESIDENT OF THE GREATER LEHIGH VALLEY CHAMBER OF COMMERCE SERVES AS A VOTING MEMBER OF THE BOARD OF DISCOVER LEHIGH VALLEY. (I) THE PRESIDENT OR CHAIRPERSON, AS APPLICABLE, OF ANY SPECIAL INTEREST COUNCIL, OTHER THAN THOSE IDENTIFIED ABOVE IN SUB-SECTION 2(E), OR OF ANY REGIONAL COUNCIL, OTHER THAN THOSE IDENTIFIED ABOVE IN SUB-SECTION 2(D), THAT HAVE BEEN IDENTIFIED BY THE EXECUTIVE COMMITTEE, FROM TIME TO TIME, AS BEING APPROPRIATE FOR REPRESENTATION ON THE BOARD; (J) THE TWO (2) PERSONS WHO LAST SERVED AS CHAIR OF THE BOARD PRIOR TO THE IMMEDIATE PAST CHAIR; AND (K) THE PERSON SERVING AS GENERAL COUNSEL TO THE CHAMBER. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S AUDIT COMMITTEE REVIEWS THE 990 IN DETAIL WITH THE AUDIT FIRM. THE AUDIT CHAIR WILL THEN PRESENT IT TO THE FINANCE COMMITTEE, THE EXECUTIVE COMMITTEE, AND THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES THE POLICY BY REQUIRING ALL BOARD OF DIRECTORS TO SIGN, ANNUALLY, A CONFLICT OF INTEREST POLICY STATING THAT THEY DO NOT HAVE ANY CONFLICTS OF INTEREST WITH THE ORGANIZATION. A MEMBER OF THE EXECUTIVE COMMITTEE MONITORS COMPLIANCE WITH THIS POLICY AND RESOLVES ANY CONFLICTS AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DETERMINES COMPENSATION FOR TOP MANAGEMENT OFFICIALS THROUGH A REVIEW BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND SUBSTANTIATION AND DELIBERATION BY THE BOARD. THERE IS ALSO A COMPENSATION COMMITTEE FOR THE PRESIDENT AND STUDIES SUCH AS THE STUDY PREPARED BY THE AMERICAN CHAMBER OF COMMERCE ARE REVIEWED FOR COMPARABILITY. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST. THE ORGANIZATION FILED ITS FORM 1023 BEFORE JULY 1987 AND IS EXEMPT FROM THE IRS REQUIREMENT OF SUPPLYING OR SHOWING ITS FORM 1023 TO ANYONE REQUESTING THIS DOCUMENT. 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 XII, LINE 2C: THERE WAS NO CHANGE IN THE COMMITTEE'S AUTHORITY TO OVERSEE THE FINANCIAL STATEMENT AUDIT. GREATER LEHIGH VALLEY CHAMBER OF COMMERCE FOUNDATION 158A NORTHAMPTON STREET EASTON PA 18042 222626110 VALLEY WIDE ADVOCATE FOR BUSINESS & COMMUNITY DEVELOPMENT PA 501(C)(3) LINE 7 GREATER LEHIGH VALLEY CHAMBER OF COMMERCE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 GREATER LEHIGH VALLEY CHAMBER OF COMMERCE-FOUNDATION