2026-08-19T14:17:49-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2025-01-01 222608944 THE FOUNDATION OF THE LANCASTER CHAMBER FOUN 7173973531 115 EAST KING STREET LANCASTER PA 17602 HEATHER VALUDES PRESIDENT AND CEO 7173973531 2026-08-18 1 KERRI N BOGDA P00760402 7177404863 2026-08-04 2025 2025-03-06 01:10:19Z HEATHER VALUDES 115 EAST KING STREET LANCASTER PA 17602 1009814 0 X HTTPS://WWW.LANCASTERCHAMBER.COM/ABOUT-US/OUR-FOU X 1985 PA PROVIDES EDUCATIONAL AND TRAINING PROGRAMS AND MEETING SPACE FOR NON-PROFITS. 7 6 2 330 0 0 385242 714819 43065 169306 1743 1366 1789109 -187241 2219159 698250 168726 149754 0 0 149700 236474 0 0 22807 552434 452963 870860 839191 1348299 -140941 5182817 4974304 614990 547421 4567827 4426883 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 686862 149754 169306 THE FOUNDATION PROVIDES SUPPORT TO THE BUSINESS COMMUNITY THROUGH THE WORK OF THE LANCASTER CHAMBER, PROVIDING FUNDING FOR SPECIFIC TARGETED PROGRAMS. IN 2025, THE FOUNDATION'S PRIMARY FOCUS WERE PATHWAYS INTO THE WORKFORCE. BUILDING FUTURE TALENT IS ESSENTIAL TO LANCASTER COUNTY'S LONG-TERM ECONOMIC SUSTAINABILITY. IN 2025, THE LANCASTER CHAMBER STRENGTHENED PATHWAYS INTO THE WORKFORCE BY LAUNCHING WORKFORCE REIMAGINED, AN EMPLOYER-PARTNERED WORKFORCE STRATEGY DESIGNED TO ADDRESS CURRENT WORKFORCE CHALLENGES, ANTICIPATE FUTURE NEEDS, AND CONNECT PEOPLE TO OPPORTUNITY ACROSS THE COUNTY. THROUGH MENTORING, EDUCATION-TO-CAREER CONNECTIONS WITH DISCOVERING PATHS MENTORING PROGRAM AND INSPIRE LANCASTER AND CONNECTING EMPLOYERS WITH FUTURE TALENT WITH LAND IN LANCASTER. THIS STRATEGY ALIGNED EMPLOYERS, EDUCATORS, AND COMMUNITY PARTNERS AROUND SHARED SOLUTIONS THAT EXPAND ACCESS, STRENGTHEN TALENT PIPELINES, AND POSITION LANCASTER COUNTY AS A THRIVING HUB FOR BOTH CAREERS AND QUALITY OF LIFE. THROUGH DISCOVERING PATHS, 140 STUDENTS PARTICIPATED IN EXPERIENTIAL LEARNING, AND ONE-ON-ONE MENTORSHIP, AND CAREER EXPLORATION WITH 330 MENTORS, FACILITATORS, ADVISORY MEMBERS, AND LIAISONS, GAINING DIRECT EXPOSURE TO CAREERS AND INCREASED CONFIDENCE IN THEIR NEXT STEPS. THE IMPACT WAS SIGNIFICANT: STUDENTS REPORTING A GOOD OR STRONG UNDERSTANDING OF CAREER OPTIONS INCREASED FROM 50% TO 90%, WHILE UNDERSTANDING OF CAREER PATHWAYS IN IN-DEMAND INDUSTRIES ROSE FROM 27% TO 87%. CONFIDENCE IN WORKPLACE READINESS SKILLS GREW FROM 53% TO 93%, AND AWARENESS OF EDUCATIONAL OPTIONS INCREASED FROM 46% TO 89%. LAUNCHED IN JULY 2025, LAND IN LANCASTER INTRODUCED EMPLOYERS AND PARTNERS TO A NEW, COUNTYWIDE TALENT ATTRACTION STRATEGY. THE CHAMBER ENGAGED 247 ATTENDEES THROUGH 7 INFORMATION SESSIONS, EQUIPPING BUSINESSES WITH TOOLS TO SUPPORT RECRUITMENT AND RETENTION. IN ADDITION, THE LAND IN LANCASTER EMPLOYEE RESOURCES PAGE GENERATED 710 VISITS, SIGNALING EARLY EMPLOYER INTEREST IN RESOURCES DESIGNED TO CONNECT TALENT WITH OPPORTUNITY AND POSITION LANCASTER COUNTY AS A PLACE TO LIVE AND WORK. 95 BUSINESSES PARTICIPATED IN INSPIRE LANCASTER INTRODUCING STUDENTS TO ALMOST 100 LOCAL CAREER OPPORTUNITIES INCLUDING APPRENTICESHIPS, INTERNSHIPS, JOB SHADOWS, INDUSTRY AND BUSINESS TOURS, MENTORSHIP, MOCK INTERVIEWS, CAREER SPEAKERS, AND EDUCATOR EXTERNSHIPS, THUS REINFORCING LANCASTER COUNTY TO EXPLORE CAREERS AND BUILD A FUTURE. THE FOUNDATION ALSO FACILITATED A MIDDLE SCHOOL CIVICS BEE, RECEIVING OVER 40 ESSAY SUBMISSIONS FROM SCHOOLS ACROSS LANCASTER COUNTY AND ENGAGING 20 STUDENT FINALIST PARTICIPANTS. THE CULTIVATE PROGRAM CONTINUED IN 2025, WHICH INFORMS, NAVIGATES, CONNECTS AND COORDINATES ENTREPRENEURS WITH BUSINESS RESOURCE PROVIDERS TO ACHIEVE PROSPERITY AND EQUITABLE ECONOMIC GROWTH ACROSS LANCASTER COUNTY. THE TANDEM PROGRAM CONTINUED IN 2025, WHICH OFFERS PATHWAYS FOR BUSINESS SUCCESS THROUGH PROFIT SHARING AND DIRECT EMPLOYEE OWNERSHIP THAT LEADS TO SHARED PROSPERITY AND STRONGER COMMUNITIES. 686862 1 1 0 0 0 0 0 0 0 0 1 0 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 X 2 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 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 VANESSA PHILBERT CHAIR 0.50 6.00 X X 0 0 0 DONNA KREISER PAST CHAIR 0.50 6.00 X X 0 0 0 ERIC WENGER TREASURER 0.50 6.00 X X 0 0 0 STACY WHISEL DIRECTOR 0.50 6.00 X 0 0 0 MATT PARIDO DIRECTOR 0.50 6.00 X 0 0 0 MIGUEL NISTAL DIRECTOR (UNTIL 07/25) 0.50 6.00 X 0 0 0 HEATHER VALUDES PRESIDENT/CEO 1.00 36.50 X X 0 188273 32939 JULIE HOUCK DIRECTOR OF FINANCE 1.00 36.50 X 0 88455 22031 THOMAS WALLACE DIRECTOR OF BUSINESS DEVELOPMENT 1.00 36.50 X 0 104178 12004 ANDREW MOUSETIS EXECUTIVE DIRECTOR TANDEM 37.50 0.00 X 128360 0 30347 128360 380906 97321 1 0 1 0 0 309852 404967 714819 TANDEM REVENUE 541900 147056 147056 CULTIVATE REVENUE 541900 13875 13875 CIVIC BEE REVENUE 541900 8375 8375 169306 1366 1366 124000 311564 -187564 -187564 -187564 ART SALES 900099 323 323 323 698250 169306 0 -185875 149754 149754 179053 96689 78782 3582 16609 8969 7308 332 22806 12315 10035 456 18006 9723 7923 360 5173 2794 2276 103 16427 13468 2830 129 68348 51884 16464 6377 4070 1735 572 5181 4507 674 5866 3168 2581 117 PROGRAM EXPENSES 345118 329198 15228 692 ART EXPENSES 323 323 CORPORATE TAXES 150 150 839191 686862 129522 22807 77264 99274 102015 67905 5600 115500 1000 6250 8184614 3499239 4996938 4685375 5182817 4974304 507213 384110 107777 163311 614990 547421 X 4538986 4290848 28841 136035 4567827 4426883 5182817 4974304 -140941 -3 0 X 0 1 X 1 0 X 50024 179865 129677 385242 714819 1459627 50024 179865 129677 385242 714819 1459627 1459627 124000 124000 125279 126743 125366 625388 570 1720687 323 1721580 3806595 212371 0.38340 0.28390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: DEBT FORGIVENESS - 2024 AMOUNT: $ 1,720,687. ART SALES - 2022 AMOUNT: $ 570. 2025 AMOUNT: $ 323. SCHEDULE A, PART II, LINE 16B: IN 2024, TAX CREDIT PROPERTY WAS TRANSFERRED TO THE ORGANIZATION. THE PROPERTY WAS AT THE END OF ITS TAX CREDIT PERIOD, AND AS TYPICAL WITH THESE TYPES OF TRANSACTIONS, THERE WAS A SIGNIFICANT CANCELLATION OF DEBT THAT WAS REPORTED ON THE FOUNDATION'S STATEMENT OF REVENUE AS OTHER INCOME. THE AMOUNT, AS IT WAS LARGER THAN THE TYPICAL TOTAL CONTRIBUTIONS, HAD THE EFFECT OF REDUCING THE PUBLIC SUPPORT BELOW THE THRESHOLD FOR MAINTAINING PUBLIC SUPPORT STATUS. THE ORGANIZATION MAINTAINED ITS PUBLIC SUPPORT STATUS AS THIS IS THE FIRST YEAR THE CANCELLATION OF DEBT INCOME HAS BEEN REPORTED. FOR THE NEXT FOUR YEARS, THIS INCOME MAY CAUSE THE ORGANIZATION TO REPORT ON ITS PUBLIC SUPPORT USING THE "FACTS AND CIRCUMSTANCES" METHOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 159313 159313 7309026 2832482 4476544 716275 666757 49518 4685375 1009814 0 1009814 -311564 -311564 698250 1150755 311564 311564 839191 0 839191 PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -311,564. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 311,564. 0 LANCASTER CHAMBER OF COMMERCE & INDUSTRY 115 EAST KING STREET LANCASTER PA 17602 232095463 501(C)(6) 149754 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 166124 0 8432 0 13717 0 14546 0 18393 0 221212 0 0 ANDREW MOUSETIS EXECUTIVE DIRECTOR TANDEM 128360 0 0 0 0 0 13292 0 17055 0 158707 0 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 V, LINE 2: LANCASTER CHAMBER OF COMMERCE & INDUSTRY IS THE COMMON PAY AGENT FOR W-2 REPORTING FOR THE FOUNDATION OF THE LANCASTER CHAMBER. 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. THE LANCASTER CHAMBER OF COMMERCE 115 EAST KING STREET LANCASTER PA 17602 232095463 COMMUNITY BUILDING PA 501(C)(6) N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0