Civic Intelligence

Greater Reading Chamber and Economic Development Corporation

990 • Fiscal year 2019 • EIN 81-4279395

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 01, 2020

Organization ProfileWWW.GREATERREADING.ORG
606 Court StReading, PA 19601

(610) 376-6766

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.18x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

59th percentile

7.0%

Higher net margin than 59% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$252,399

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

98th percentile

257%

Faster asset growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$1,648,660

Up $1,186,330 (+257%) from 2018

Net Assets

Up

$1,351,620

Up $1,193,539 (+755%) from 2018

Liabilities

Down

$297,040

Down $7,209 (-2.4%) from 2018

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin59th percentile

Revenue

Up

$3,777,718

Up $377,757 (+11%) from 2018

Expenses

Up

$3,514,653

Up $242,773 (+7.4%) from 2018

Net Income

Up

$263,065

Up $134,984 (+105%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2017: $360,479Liabilities 2017: $330,479Net Assets 2017: $30,0002017Assets 2018: $462,330Liabilities 2018: $304,249Net Assets 2018: $158,0812018Assets 2019: $1,648,660Liabilities 2019: $297,040Net Assets 2019: $1,351,6202019Assets 2020: $2,468,802Liabilities 2020: $286,072Net Assets 2020: $2,182,7302020Assets 2021: $2,700,660Liabilities 2021: $262,852Net Assets 2021: $2,437,8082021Assets 2022: $2,690,976Liabilities 2022: $270,543Net Assets 2022: $2,420,4332022Assets 2023: $2,600,073Liabilities 2023: $286,765Net Assets 2023: $2,313,3082023Assets 2024: $2,572,596Liabilities 2024: $239,745Net Assets 2024: $2,332,8512024

Highlighted filing

2019

Assets$1,648,660
Liabilities$297,040
Net Assets$1,351,620
Open 2019 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $2,242,938Expenses 2017: $2,242,938Net Income 2017: $02017Revenue 2018: $3,399,961Expenses 2018: $3,271,880Net Income 2018: $128,0812018Revenue 2019: $3,777,718Expenses 2019: $3,514,653Net Income 2019: $263,0652019Revenue 2020: $4,196,319Expenses 2020: $3,365,209Net Income 2020: $831,1102020Revenue 2021: $3,240,632Expenses 2021: $2,985,554Net Income 2021: $255,0782021Revenue 2022: $2,843,001Expenses 2022: $2,860,376Net Income 2022: -$17,3752022Revenue 2023: $3,035,485Expenses 2023: $3,142,610Net Income 2023: -$107,1252023Revenue 2024: $2,979,418Expenses 2024: $2,959,875Net Income 2024: $19,5432024

Highlighted filing

2019

Revenue$3,777,718
Expenses$3,514,653
Net Income$263,065
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 1, 2020
Return Version
2019v5.1
Gross Receipts
$3,777,718
Mission and Program Overview

Mission

To serve berks county businesses, foster economic development and growth, and business support through combined management and coordination of activities and resources of gbdf, grep and grcci.

To serve berks county businesses, foster economic development and growth, and business support through combined management and coordination of activities and resources of gbdf and grcci.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$113,410$955,464▲ $842,054
Pledges and Grants Receivable$31,086$207,559▲ $176,473
Accounts Receivable$214,754$205,836▼ $8,918
Savings and Temporary Cash Investments-$152,874-
Land, Buildings, and Equipment, Net$103,080$122,352▲ $19,272
Intangible Assets-$4,575-
Total Assets$462,330$1,648,660▲ $1,186,330
Liabilities
Deferred Revenue$220,000$209,000▼ $11,000
Accounts Payable and Accrued Expenses$84,249$88,040▲ $3,791
Total Liabilities$304,249$297,040▼ $7,209
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$133,081$1,351,620▲ $1,218,539
Net Assets With Donor Restrictions$25,000$0▼ $25,000
Total Net Assets Fund Balance$158,081$1,351,620▲ $1,193,539
Total Liabilities and Net Assets / Fund Balance$462,330$1,648,660▲ $1,186,330

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$81,315$34,621$115,936
Leasehold Improvements$41,037$5,407$46,444
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randolph PeersPresident & CEO (thru 6/2019)FT$237,708$14,691$252,399
Edward J SwoyerPresident - GbdfFT$186,271$11,916$198,187
Pamela ShuppVP of External AffairsFT$169,381$15,426$184,807
Sara StewartCFOFT$127,672$12,915$140,587
Debra MillmanVP of DevelopmentFT$114,516$7,456$121,972

Board Members and Trustees

NameTitle
Daniel R LangdonChair
Robert F Firely JrVice Chair
Brian LevanDirector
David C RolandDirector
Ernest J ChoquetteDirector
Gregg a BogiaDirector
Jamey MaackDirector
John H Gallen JrDirector
John P WeidenhammerDirector
Michele L RichardsDirector
Peter RyeDirector
Richard L BashoreDirector
Sara StumpDirector
Scott L GruberDirector
Timothy D RomigDirector
Michael a DuffSecretary
Jeffrey R RushTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,190,139
Program Service Revenue
$2,583,686
Investment Income
$2,522
Other Revenue
$1,371
All Other Contributions
$390,900
Change in Net Assets
$263,065

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,777,718
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$930,474
Total Revenue per Audited Statements
$4,708,192
Total Revenue per Form 990
$3,777,718
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,463,768
Other Expenses$817,676
Grants and Similar Amounts Paid$233,209
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,375,503$110,686-$1,486,189
Current Officers, Directors, Trustees, and Key Employees$588,072$47,322-$635,394
Grants to Domestic Orgs$233,209--$233,209
Occupancy$155,537$41,613-$197,150
Payroll Taxes$142,517$11,468-$153,985
Advertising$133,307$1,031-$134,338
Other Employee Benefits$102,567$8,253-$110,820
Fees for Services Accounting$70,721$14,619-$85,340
Information Technology$67,037$14,618-$81,655
Pension Plan Contributions$71,617$5,763-$77,380
Insurance$70,787$681-$71,468
Office Expenses$42,393$6,844-$49,237
Fees for Services Management$43,074--$43,074
Depreciation Depletion$20,307--$20,307
Conferences and Meetings$6,124$5,737-$11,861
Other Expenses$6,064$237-$6,064
All Other Expenses$5,905--$5,905
Fees for Services Other$2,600--$2,600
Total Functional Expenses$3,245,781$268,872$0$3,514,653

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,514,653
Total Expenses per Audited Statements$3,514,653
Total Expenses per Form 990$3,514,653
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Reading Chamber of Commerce & IndustryReading, PA6Advancement$177,477
Berks County Intermediate UnitReading, PA-Advancement$20,681
Greater Berks Development FundReading, PA4Advancement$6,250
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
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 4

“Greater reading chamber & economic development corporation brought in all activities of grep once merger was completed on march 31, 2019.”

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

“The organization's board will review the form 990 before filing.”

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

“The policy is reviewed for compliance and updated annually.”

Form 990, Part VI, Section B, Line 15

“An independent compensation consultant is contracted to determine the appropriate compensation for the organization's management. The compensation is then reviewed by the board of directors for approval. All other positions are reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Greater Reading Chamber & Economic
EIN
81-4279395
Phone
6103766766
Address
606 COURT ST, READING, PA 19601

Signing Officer

Name
Jim Gerlach
Title
CEO
Phone
6103766766
Signed
2020-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Gerlach
Formed
2017
Legal Domicile
Pa
Voting Board Members
17
Independent Board Members
17
Employees
35
Volunteers
0

Preparer

Firm
Rkl Llp
Address
1330 BROADCASTING ROAD PO BOX 7008, WYOMISSING, PA 19610-6008
Preparer
Ruthann J Woll CPA
Phone
6103761595
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Greater reading econcomic partnership was merged into greater reading chamber & econcomic development corporation as of 3/31/2019. All activities formally run by grep will be undertaken by grcedc.”

FORM 990, PART XI, LINE 9:

“Net assets from merger of grep 930,474.”

Form 990, Part XII, Line 2C

“The organization has a finance committee that is responsible for the oversight of the audit and selection of an independent auditor.”

FORM 990 PART V, LINE 1C:

“The organization did not have any instances where backup withholding was required; however if the situation would arise, the organization is aware of the reporting requirements and would handle that accordingly.”

Financial Statement Notes

PART X, LINE 2:

“As a nonprofit organization, the corporation is generally exempt from federal and state income taxes. Therefore, the corporation has made no provision for federal income taxes. The corporation recognizes penalties and interest accrued related to income tax liabilities in the provision (benefit) for income taxes in the statement of activities. At december 31, 2019, 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 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 statement of financial position, along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The corporation files tax returns in the u. S. Federal jurisdiction.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Net assets from grep merger 930,474.”

Raw XML AppendixShowing 400 of 725 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/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17237708
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18169381
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19186271
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20127672
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21114516
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT & CEO (THRU 6/2019)
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP OF EXTERNAL AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT - GBDF
IRS990/Form990PartVIISectionAGrp/TitleTxt20CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP OF DEVELOPMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GovernmentGrantsAmt0799239
IRS990/GrantAmt0233209
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0233209
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0233209
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03777718
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt014618
IRS990/InformationTechnologyGrp/ProgramServicesAmt067037
IRS990/InformationTechnologyGrp/TotalAmt081655
IRS990/InsuranceGrp/ManagementAndGeneralAmt0681
IRS990/InsuranceGrp/ProgramServicesAmt070787
IRS990/InsuranceGrp/TotalAmt071468
IRS990/IntangibleAssetsGrp/EOYAmt04575
IRS990/InvestmentIncomeGrp/ExclusionAmt02522
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02522
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt040028
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0103080
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0122352
IRS990/LandBldgEquipCostOrOtherBssAmt0162380
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SERVE BERKS COUNTY BUSINESSES, FOSTER ECONOMIC DEVELOPMENT AND GROWTH, AND BUSINESS SUPPORT THROUGH COMBINED MANAGEMENT AND COORDINATION OF ACTIVITIES AND RESOURCES OF GBDF AND GRCCI.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0158081
IRS990/NetAssetsOrFundBalancesEOYAmt01351620
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0133081
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01351620
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt041613
IRS990/OccupancyGrp/ProgramServicesAmt0155537
IRS990/OccupancyGrp/TotalAmt0197150
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06844
IRS990/OfficeExpensesGrp/ProgramServicesAmt042393
IRS990/OfficeExpensesGrp/TotalAmt049237
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0930474
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08253
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0102567
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0110820
IRS990/OtherExpensesGrp/Desc0PENN STREET MARKET
IRS990/OtherExpensesGrp/Desc1COMMUNITY EVENTS
IRS990/OtherExpensesGrp/Desc2DUES
IRS990/OtherExpensesGrp/Desc3DOWNTOWN REVITALIZATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0237
IRS990/OtherExpensesGrp/ProgramServicesAmt067126
IRS990/OtherExpensesGrp/ProgramServicesAmt125932
IRS990/OtherExpensesGrp/ProgramServicesAmt215382
IRS990/OtherExpensesGrp/ProgramServicesAmt36064
IRS990/OtherExpensesGrp/TotalAmt067126
IRS990/OtherExpensesGrp/TotalAmt125932
IRS990/OtherExpensesGrp/TotalAmt215619
IRS990/OtherExpensesGrp/TotalAmt36064
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0VENDOR REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01371
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01371
IRS990/OtherRevenueTotalAmt01371
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0110686
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01375503
IRS990/OtherSalariesAndWagesGrp/TotalAmt01486189
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011468
IRS990/PayrollTaxesGrp/ProgramServicesAmt0142517
IRS990/PayrollTaxesGrp/TotalAmt0153985
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05763
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt071617
IRS990/PensionPlanContributionsGrp/TotalAmt077380
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt031086
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0207559
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JIM GERLACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/BusinessCd1541610
IRS990/ProgramServiceRevenueGrp/BusinessCd2561000
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEE - PAYRO
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEE - ADMIN
IRS990/ProgramServiceRevenueGrp/Desc2ADMIN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02021930
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1496256
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt265500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02021930
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1496256
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt265500
IRS990/ProgSrvcAccomActy2Grp/Desc0TO LEAD REGIONAL EFFORTS TO ATTRACT, RETAIN, AND GROW BUSINESS AND TO MARKET BERKS COUNTY AS A COMPETITIVE AND ATTRACTIVE LOCATION FOR BUSINESS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0320710
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0260663
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0211571
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0627912
IRS990/PYOtherRevenueAmt01005
IRS990/PYProgramServiceRevenueAmt03138293
IRS990/PYRevenuesLessExpensesAmt0128081
IRS990/PYSalariesCompEmpBnftPaidAmt02432397
IRS990/PYTotalExpensesAmt03271880
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03399961
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0263065
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02585057
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0152874
IRS990ScheduleA/First5Years170Ind0X

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,648,660
Liabilities
$297,040
Net assets
$1,351,620
Revenue
$3,777,718
Expenses
$3,514,653
Net income
$263,065
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.57$0.24$2.33$2.98$2.96$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.60$0.29$2.31$3.04$3.14$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.69$0.27$2.42$2.84$2.86$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.70$0.26$2.44$3.24$2.99$0.26
2020Detailed filing. Detailed filing data is available for this year.$2.47$0.29$2.18$4.20$3.37$0.83
2019Detailed filing. Detailed filing data is available for this year.$1.65$0.30$1.35$3.78$3.51$0.26
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.30$0.16$3.40$3.27$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.36$0.33$0.03$2.24$2.24$0.00