Civic Intelligence

Lower Bucks County Chamber of Commerce

EIN 23-1527734 • 501(c)6 • Fairless Hills, PA

Profile

Advance the principles of free enterprise by providing leadership to enhance the economic climate of the area, address the priority needs of its members & interact with other individuals & organizations for the overall benefit of the business community in lower bucks county.

409 Hood BoulevardFairless Hills, PA 19030

www.lbccc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

1.99x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

0.44x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

22nd percentile

-20%

Higher net margin than 22% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

90th percentile

$57,243

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

15th percentile

-47%

Faster asset growth than 15% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

-6.1%

Faster revenue growth than 41% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$94,908

Down $84,611 (-47%) from 2023

Liabilities

Up

$188,503

Up $160 (+0.1%) from 2023

Net Assets

Down

-$93,595

Down $84,771 (-961%) from 2023

Revenue

Down

$427,438

Down $27,930 (-6.1%) from 2023

Expenses

Up

$512,208

Up $38,354 (+8.1%) from 2023

Net Income

Down

-$84,770

Down $66,284 (-359%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$200K$0-$200KAssets 2011: $239,877Liabilities 2011: $89,851Net Assets 2011: $150,0262011Assets 2012: $245,645Liabilities 2012: $143,584Net Assets 2012: $102,0612012Assets 2013: $222,707Liabilities 2013: $105,547Net Assets 2013: $117,1602013Assets 2014: $216,462Liabilities 2014: $115,420Net Assets 2014: $101,0422014Assets 2015: $185,647Liabilities 2015: $162,960Net Assets 2015: $22,6872015Assets 2016: $99,791Liabilities 2016: $146,164Net Assets 2016: -$46,3732016Assets 2017: $121,299Liabilities 2017: $176,594Net Assets 2017: -$55,2952017Assets 2018: $127,519Liabilities 2018: $185,843Net Assets 2018: -$58,3242018Assets 2019: $100,710Liabilities 2019: $173,541Net Assets 2019: -$72,8312019Assets 2020: $93,908Liabilities 2020: $192,751Net Assets 2020: -$98,8432020Assets 2021: $273,786Liabilities 2021: $318,542Net Assets 2021: -$44,7562021Assets 2023: $179,519Liabilities 2023: $188,343Net Assets 2023: -$8,8242023Assets 2024: $94,908Liabilities 2024: $188,503Net Assets 2024: -$93,5952024

Highlighted filing

2024

Assets$94,908
Liabilities$188,503
Net Assets-$93,595

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $465,468Expenses 2011: $471,705Net Income 2011: -$6,2372011Revenue 2012: $434,533Expenses 2012: $482,498Net Income 2012: -$47,9652012Revenue 2013: $581,146Expenses 2013: $566,047Net Income 2013: $15,0992013Revenue 2014: $561,927Expenses 2014: $578,045Net Income 2014: -$16,1182014Revenue 2015: $527,469Expenses 2015: $605,824Net Income 2015: -$78,3552015Revenue 2016: $439,410Expenses 2016: $508,470Net Income 2016: -$69,0602016Revenue 2017: $506,693Expenses 2017: $515,615Net Income 2017: -$8,9222017Revenue 2018: $429,955Expenses 2018: $432,984Net Income 2018: -$3,0292018Revenue 2019: $470,826Expenses 2019: $485,333Net Income 2019: -$14,5072019Revenue 2020: $426,656Expenses 2020: $452,668Net Income 2020: -$26,0122020Revenue 2021: $490,441Expenses 2021: $436,354Net Income 2021: $54,0872021Revenue 2023: $455,368Expenses 2023: $473,854Net Income 2023: -$18,4862023Revenue 2024: $427,438Expenses 2024: $512,208Net Income 2024: -$84,7702024

Highlighted filing

2024

Revenue$427,438
Expenses$512,208
Net Income-$84,770

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$1.89$0.94$4.27$5.12$0.85
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$1.88$0.09$4.55$4.74$0.18
2021Detailed filing. Detailed filing data is available for this year.$2.74$3.19$0.45$4.90$4.36$0.54
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$1.93$0.99$4.27$4.53$0.26
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$1.74$0.73$4.71$4.85$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$1.86$0.58$4.30$4.33$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$1.77$0.55$5.07$5.16$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.00$1.46$0.46$4.39$5.08$0.69
2015Detailed filing. Detailed filing data is available for this year.$1.86$1.63$0.23$5.27$6.06$0.78
2014Detailed filing. Detailed filing data is available for this year.$2.16$1.15$1.01$5.62$5.78$0.16
2013Summary only. Only limited summary data is available for this year.$2.23$1.06$1.17$5.81$5.66$0.15
2012Summary only. Only limited summary data is available for this year.$2.46$1.44$1.02$4.35$4.82$0.48
2011Summary only. Only limited summary data is available for this year.$2.40$0.90$1.50$4.65$4.72$0.06
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 27, 2022
Return Version
2020v4.2
Gross Receipts
$490,441
Mission and Program Overview

Mission

The mission of the lower bucks county chamber of commerce is focused on the advancement of its members through programs to educate on topics relevant to business, to provide opportunities to network, and to advocate on areas impacting business.

To enhance the economic climate of the area and address the primary needs of members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$26,165$218,772▲ $192,607
Land, Buildings, and Equipment, Net$35,337$32,245▼ $3,092
Accounts Receivable$24,877$14,920▼ $9,957
Savings and Temporary Cash Investments$6,345$6,349▲ $4
Prepaid Expenses and Deferred Charges$1,184$1,500▲ $316
Total Assets$93,908$273,786▲ $179,878
Liabilities
Mortgage Notes Payable Secured by Investment Property$69,629$213,439▲ $143,810
Deferred Revenue$115,845$72,815▼ $43,030
Accounts Payable and Accrued Expenses$7,277$32,288▲ $25,011
Total Liabilities$192,751$318,542▲ $125,791
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-98,843$-44,756▲ $54,087
Total Net Assets Fund Balance$-98,843$-44,756▲ $54,087
Total Liabilities and Net Assets / Fund Balance$93,908$273,786▲ $179,878

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$396,050$396,050
Equipment$1,726$73,590$75,316
Leasehold Improvements$6,687$42,221$48,908
Land$18,661-$18,661
Other Land Buildings$5,171$398$5,569
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Minesh V PathakExec Director / SecretaryFT$72,899$6,976$79,875

Board Members and Trustees

NameTitle
Kimberly SolisChair-elect
William K Pelosi EsqChairman
Paul CloughPast Chair
Bill KoelewynBoard Member
Brian TierneyBoard Member
Brian ZavodnickBoard Member
Bryan HughesBoard Member
James H SellBoard Member
Jenna WorrellBoard Member
Kevin WienerBoard Member
Kristen Erway FarryBoard Member
Michael Einbinder-schatzBoard Member
Rebecca KellyBoard Member
Ron DavisBoard Member
Shane FitzgeraldBoard Member
Theodore D DorandBoard Member
Anna BogiatzisExec
Colin DansberryExec
Jessica J SweeneyExec
Randy BeamanExec
John BlakeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$64,450
Program Service Revenue
$411,497
Investment Income
$4
Other Revenue
$14,490
Change in Net Assets
$54,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$287,210
Other Expenses$149,144
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$174,530
Current Officers, Directors, Trustees, and Key Employees---$82,146
Occupancy---$43,160
Conferences and Meetings---$31,776
Office Expenses---$21,756
Payroll Taxes---$17,785
Other Employee Benefits---$12,749
Information Technology---$9,920
Fees for Services Other---$8,928
Insurance---$5,534
Interest---$4,177
Depreciation Depletion---$3,092
Travel---$1,569
Other Expenses---$1,388
Total Functional Expenses$0$0$0$436,354
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Member organization the chamber has one class of voting members.

Form 990, Part VI, Section A, Line 7A

Election of members of governing board the nominating committee prepares a list of potential directors which is sent to every chamber member. Anyone may nominate another member for election provided they complete a nominating petition which is signed by at least 30 members in good standing. If a nominating petition is received, an election takes place. Those receiving the most votes are elected to the board. If no petition is received the members whose names appear on the list prepared by the nominating committee are automatically elected to the board.

Form 990, Part VI, Section B, Line 11B

Governing body review of form 990 prior to the filing with the irs, the final form 990 is reviewed by the finance committee and approved to be accepted by the board.

Form 990, Part VI, Section B, Line 12C

Monitoring and enforecment of conflicts policy to monitor conflicts of interest board members are required to read and sign a disclosure policy statement.

Form 990, Part VI, Section C, Line 19

Public availability of other documents copies of the chamber's governing documents, financial statements and form 990 will be provided upon request. They are also available for inspection at the chamber's office.

Filing and Contact Details

Filer

Filer Name
Lower Bucks County Chamber of Commerce
EIN
23-1527734
Phone
2159437400
Address
409 HOOD BOULEVARD, FAIRLESS HILLS, PA 19030

Signing Officer

Name
John Blake
Title
Treasurer
Phone
2159437400
Signed
2022-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Blake
Formed
1954
Legal Domicile
Pa
Voting Board Members
21
Independent Board Members
21
Employees
5
Volunteers
120

Preparer

Firm
Bbd Llp
Address
1835 MARKET STREET 3RD FLOOR, PHILADELPHIA, PA 19103
Preparer
Melissa Dunn
Phone
2155677770
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Uncertain tax positions under asc 740 the chamber has adopted an accounting standard regarding uncertain tax positions. The standard prescribes a minimum threshold that a tax position is required to meet in order to be recognized in the financial statements. The chamber believes that it had no uncertain tax positions as defined in the standard.

Raw XML AppendixShowing 400 of 479 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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IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN BLAKE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXEC
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXEC
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXEC
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXEC
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXEC DIR / SECRETARY
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
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IRS990/GrantsToOrganizationsInd00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE LOWER BUCKS COUNTY CHAMBER OF COMMERCE IS FOCUSEDON THE ADVANCEMENT OF ITS MEMBERS THROUGH PROGRAMS TO EDUCATE ONTOPICS RELEVANT TO BUSINESS, TO PROVIDE OPPORTUNITIES TO NETWORK, ANDTO ADVOCATE ON AREAS IMPACTING BUSINESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt043160
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
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IRS990/OtherExpensesGrp/Desc1PUBLICATIONS
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IRS990/OtherExpensesGrp/Desc3MATERIALS AND SUPPLIES
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IRS990/OtherExpensesGrp/TotalAmt17950
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IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/PrincipalOfficerNm0JOHN BLAKE
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IRS990/ProgramServiceRevenueGrp/Desc3MAGAZINE AND WEBSITE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1137711
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IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0396050
IRS990ScheduleD/EquipmentGrp/BookValueAmt01726
IRS990ScheduleD/EquipmentGrp/DepreciationAmt073590
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt075316
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt018661
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06687
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt042221
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt048908
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05171
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0398
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05569
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAIN TAX POSITIONS UNDER ASC 740 THE CHAMBER HAS ADOPTED AN ACCOUNTING STANDARD REGARDING UNCERTAIN TAX POSITIONS. THE STANDARD PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE CHAMBER BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN THE STANDARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032245
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBER ORGANIZATION THE CHAMBER HAS ONE CLASS OF VOTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTION OF MEMBERS OF GOVERNING BOARD THE NOMINATING COMMITTEE PREPARES A LIST OF POTENTIAL DIRECTORS WHICH IS SENT TO EVERY CHAMBER MEMBER. ANYONE MAY NOMINATE ANOTHER MEMBER FOR ELECTION PROVIDED THEY COMPLETE A NOMINATING PETITION WHICH IS SIGNED BY AT LEAST 30 MEMBERS IN GOOD STANDING. IF A NOMINATING PETITION IS RECEIVED, AN ELECTION TAKES PLACE. THOSE RECEIVING THE MOST VOTES ARE ELECTED TO THE BOARD. IF NO PETITION IS RECEIVED THE MEMBERS WHOSE NAMES APPEAR ON THE LIST PREPARED BY THE NOMINATING COMMITTEE ARE AUTOMATICALLY ELECTED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING BODY REVIEW OF FORM 990 PRIOR TO THE FILING WITH THE IRS, THE FINAL FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND APPROVED TO BE ACCEPTED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONITORING AND ENFORECMENT OF CONFLICTS POLICY TO MONITOR CONFLICTS OF INTEREST BOARD MEMBERS ARE REQUIRED TO READ AND SIGN A DISCLOSURE POLICY STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PUBLIC AVAILABILITY OF OTHER DOCUMENTS COPIES OF THE CHAMBER'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 WILL BE PROVIDED UPON REQUEST. THEY ARE ALSO AVAILABLE FOR INSPECTION AT THE CHAMBER'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19

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