Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Berks County Chamber Foundation
EIN 22-2661138 • 501(c)3 • Reading, PA
Profile
To advance the general welfare and prosperity of the berks county area so that its citizens and all areas of the business community shall prosper. All necessary attention shall be provided and particular attention and emphasis shall be given to the economic, civic, commercial, cultural, indstrial and educational interests of the area.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
61st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
42nd percentile
Higher net margin than 42% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
45th percentile
Faster asset growth than 45% of similar nonprofits.
Revenue Growth
15th percentile
Faster revenue growth than 15% of similar nonprofits.
Balance Sheet
Assets
Down$2,196
Down $108 (-4.7%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Down$2,196
Down $108 (-4.7%) from 2023
Revenue
Down$10,000
Down $11,500 (-53%) from 2023
Expenses
Down$10,108
Down $11,494 (-53%) from 2023
Net Income
Down-$108
Down $6 (-5.9%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,196
- Liabilities
- $0
- Net assets
- $2,196
- Revenue
- $10,000
- Expenses
- $10,108
- Net income
- -$108
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jun 18, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $10,000
Mission and Program Overview
Mission
To advance the general welfare and prosperity of the berks county area so that its citizens and all areas of the business community shall prosper. All necessary attention shall be provided and particular attention and emphasis shall be given to the economic, civic, commercial, cultural, indstrial and educational interests of the area.
To advance the general welfare and prosperity of the berks county area so that its citizens and all areas of the business community shall prosper. All necessary attention shall be provided and particular attention and emphasis shall be given to the economic, civic, commercial, cultural, industrial and educational interests of the area.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $2,304 | $2,196 | ▼ $108 |
| Total Assets | $2,304 | $2,196 | ▼ $108 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,304 | $2,196 | ▼ $108 |
| Total Net Assets Fund Balance | $2,304 | $2,196 | ▼ $108 |
| Total Liabilities and Net Assets / Fund Balance | $2,304 | $2,196 | ▼ $108 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Sara Kuzma-stump | Chair |
| Michele Richards | Immediate Past Chair |
| Laura Haffner | Vice Chair |
| David W Stonesifer | Director |
| John Perate | Director |
| John Weidenhammer | Director |
| Jonathan Encarnacion | Director |
| Alan Shuman | Secretary |
| Jack Gombach | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $10,000
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $10,000
- Change in Net Assets
- $-108
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $10,000 |
| Other Expenses | $108 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $10,000 | - | - | $10,000 |
| Fees for Services Other | - | $108 | - | $108 |
| Total Functional Expenses | $10,000 | $108 | $0 | $10,108 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Greater Reading Chamber of Commerce and Industry | Reading, PA | 501c(6) | Economic Development, Women2women | $10,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 8A
“There were no meetings held in 2024.”
Form 990, Part VI, Section A, Line 8B
“There were no meetings held in 2024.”
Form 990, Part VI, Section B, Line 11B
“A complete copy of the form 990 was provided to the organization's govening body before it was filed.”
Form 990, Part VI, Section B, Line 12C
“Each board of director is required to complete and sign a conflict of interest statement. The president reviews each statement for relevant information and the board then appropriately addresses any potential conflicts of interest noted.”
Form 990, Part VI, Section C, Line 19
“The organization has made its governing documents, conflict of interest policy, and financial statements available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Berks County Chamber Foundation
- EIN
- 22-2661138
- Phone
- 6103766766
- Address
- 606 COURT STREET, READING, PA 19601
Signing Officer
- Name
- Lucine Sihelnik
- Title
- CEO
- Phone
- 6103766766
- Signed
- 2025-06-18
Organization Details
- Principal Officer
- Lucine Sihelnik
- Formed
- 1985
- Legal Domicile
- Pa
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 0
- Volunteers
- 9
Preparer
- Firm
- Rkl Llp
- Address
- 1330 BROADCASTING ROAD, WYOMISSING, PA 19610-6008
- Preparer
- Ruthann J Woll CPA
- Phone
- 6103761595
Supplemental Narrative
Additional Explanations
Form 990, Part XII, Line 2C
“The process has not changed from prior years.”
Financial Statement Notes
PART X, LINE 2:
“As a not-for-profit organization, the chamber is generally exempt from federal and state income taxes. Therefore, the chamber has made no provision for federal income taxes in the accompanying consolidated financial statements. The chamber is subject to federal and state income taxes on unrelated business income. The chamber recognizes penalties and interest accrued related to income tax liabilities in the provision (benefit) for income taxes in its consolidated statement of activities. At december 31, 2024 and 2023, there was no accrual for the payment of penalties and interest. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured, as described above, is reflected as a liability for unrecognized tax benefits in the accompanying consolidated statement of financial position, along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The chamber files informational returns (irs form 990) in the u.s. Federal jurisdiction. The chamber's tax returns are not subject to examination through the year ended december 31, 2021.”
Raw XML AppendixShowing 400 of 410 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 51624 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 157136 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 280966 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 280966 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
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| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | AS A NOT-FOR-PROFIT ORGANIZATION, THE CHAMBER IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THEREFORE, THE CHAMBER HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE CHAMBER IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE CHAMBER RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION (BENEFIT) FOR INCOME TAXES IN ITS CONSOLIDATED STATEMENT OF ACTIVITIES. AT DECEMBER 31, 2024 AND 2023, THERE WAS NO ACCRUAL FOR THE PAYMENT OF PENALTIES AND INTEREST. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED, AS DESCRIBED ABOVE, IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION, ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE CHAMBER FILES INFORMATIONAL RETURNS (IRS FORM 990) IN THE U.S. FEDERAL JURISDICTION. THE CHAMBER'S TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED DECEMBER 31, 2021. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 10000 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501C(6) |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 0 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | ECONOMIC DEVELOPMENT, WOMEN2WOMEN |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | GREATER READING CHAMBER OF COMMERCE AND INDUSTRY |
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| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 606 COURT STREET |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE BERKS COUNTY CHAMBER FOUNDATION GRANTS FUNDS TO ORGANIZATIONS THAT SUPPORT ITS MISSION TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE BERKS COUNTY AREA, WITH SPECIFIC EMPHASIS ON ECONOMIC, CIVIC, COMMERCIAL, CULTURAL, INDUSTRIAL AND EDUCATIONAL INTERESTS. THE MAJORITY OF GRANT FUNDS ARE PASSED THROUGH TO RELATED ENTITIES WITH COMMON MANAGEMENT FOR PROGRAMS THAT SUPPORT THE SAME MISSION AS THE CHAMBER FOUNDATION. OTHER GRANTS ARE DISBURSED ON A REIMBURSEMENT BASIS AFTER VERIFYING THAT THE FUNDS WERE SPENT FOR THE INTENDED PURPOSE. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
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| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 1 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THERE WERE NO MEETINGS HELD IN 2024. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THERE WERE NO MEETINGS HELD IN 2024. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVENING BODY BEFORE IT WAS FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | EACH BOARD OF DIRECTOR IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE PRESIDENT REVIEWS EACH STATEMENT FOR RELEVANT INFORMATION AND THE BOARD THEN APPROPRIATELY ADDRESSES ANY POTENTIAL CONFLICTS OF INTEREST NOTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION HAS MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XII, LINE 2C |
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| IRS990/WebsiteAddressTxt | 0 | WWW.GREATERREADING.ORG |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LUCINE SIHELNIK |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6103766766 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-06-18 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BERKS COUNTY CHAMBER FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BERK |
| ReturnHeader/Filer/EIN | 0 | 222661138 |
| ReturnHeader/Filer/PhoneNum | 0 | 6103766766 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 232108173 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RKL LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1330 BROADCASTING ROAD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WYOMISSING |
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