2023-09-12T15:55:35-05:00 2022-12-31 232108173 RKL LLP 1330 BROADCASTING ROAD WYOMISSING PA 196106008 990 2022-01-01 814279395 GREATER READING CHAMBER & ECONOMIC DEVELOPMENT CORPORATION GREA 6103766766 606 COURT ST READING PA 19601 JAMES GERLACH CEO 6103766766 2023-09-07 1 JAMES GERLACH 999009999 0 RUTHANN J WOLL CPA P00647342 6103761595 2023-09-07 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES GERLACH 606 COURT ST READING PA 19601 2843001 0 X WWW.GREATERREADING.ORG X 2017 PA 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. 18 18 24 18 0 0 1222340 939607 2017578 1899514 714 3880 0 0 3240632 2843001 32081 8750 0 0 2012707 2037916 0 0 0 940766 813710 2985554 2860376 255078 -17375 2700660 2690976 262852 270543 2437808 2420433 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. 0 0 1932877 8750 1899514 MANAGEMENT AND COORDINATION OF ACTIVITIES AND RESOURCES IN SUPPORT OF ECONOMIC DEVELOPMENT AND GROWTH IN BERKS COUNTY 540483 TO LEAD REGIONAL EFFORTS TO ATTRACT, RETAIN, AND GROW BUSINESS AND TO MARKET BERKS COUNTY AS A COMPETITIVE AND ATTRACTIVE LOCATION FOR BUSINESS. 2473360 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 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 0 1 0 1 20 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X SARA STEWART 6103766766 606 COURT STREET READING PA 19601 DANIEL R LANGDON CHAIR 1.00 X X 0 0 0 ERNEST J CHOQUETTE VICE CHAIR 1.00 X X 0 0 0 JEFFREY R RUSH TREASURER 1.00 X X 0 0 0 MICHAEL A DUFF SECRETARY 1.00 X X 0 0 0 SUSAN D LOONEY DIRECTOR 1.00 X 0 0 0 SARA STUMP DIRECTOR 1.00 X 0 0 0 JAMEY MAACK DIRECTOR 1.00 X 0 0 0 TIMOTHY D ROMIG DIRECTOR 1.00 X 0 0 0 LAURA HAFFNER DIRECTOR 1.00 X 0 0 0 DAVID C ROLAND DIRECTOR 1.00 X 0 0 0 JOHN H GALLEN JR DIRECTOR 1.00 X 0 0 0 JOHN P WEIDENHAMMER DIRECTOR 1.00 X 0 0 0 MICHELE L RICHARDS DIRECTOR 1.00 X 0 0 0 PETER RYE DIRECTOR 1.00 X 0 0 0 GREGG A BOGIA DIRECTOR 1.00 X 0 0 0 CHRISTINA L WEEBER DIRECTOR 1.00 X 0 0 0 BOB HARROP DIRECTOR 1.00 X 0 0 0 DAVID W STONESIFER DIRECTOR 1.00 X 0 0 0 JAMES W GERLACH CEO 40.00 X X 236734 0 14835 DEBRA MILLMAN VP OF DEVELOPMENT 40.00 X 154134 0 21272 SARA STEWART CFO 40.00 X 152672 0 15230 543540 0 51337 3 0 1 0 0 538800 400807 939607 MANAGEMENT FEE - PAYRO 541610 1417970 1417970 MANAGEMENT FEE - ADMIN 541610 376544 376544 ADMIN FEES 561000 105000 105000 1899514 3880 3880 2843001 1899514 0 3880 8750 8750 251569 215981 35588 1452890 1247358 205532 82740 71035 11705 124677 107040 17637 126040 108210 17830 54500 54500 24550 24441 109 2600 2600 194717 186445 8272 29086 23325 5761 79177 58529 20648 201375 154952 46423 21461 21461 77892 68398 9494 PENN STREET MARKET 57049 57049 DOWNTOWN REVITALIZATION 23509 23509 OTHER 18847 14107 4740 COMMUNITY EVENTS 13663 13663 15284 12007 3277 2860376 2473360 387016 0 2061845 2165340 180274 87000 353179 292031 24257 86960 162380 107310 76530 55070 4575 4575 2700660 2690976 46852 46542 216000 224001 262852 270543 X 2437808 2420433 2437808 2420433 2700660 2690976 -17375 0 X X 0 1 X 1 0 X 260663 1190139 1743531 1222340 939607 5356280 260663 1190139 1743531 1222340 939607 5356280 5356280 2522 3137 714 3880 10253 1371 1371 5367904 11673527 0.99780 0.99830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46444 19340 27104 115936 87970 27966 55070 X 2843001 0 2843001 0 2843001 2860376 0 2860376 0 2860376 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, 2022, 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. 1 I-LEAD INC 401 PENN STREET READING PA 19601 274410895 3 8750 0 ADVANCEMENT PART I, LINE 2: GRCEDC ACTS AS A PASS THROUGH FOR GRANTS TO AFFILIATED ENTITIES. MANY GRANTS ARE REIMBURSEMENT GRANTS, WHERE WE INVOICE FOR THE GRANT FUNDS AFTER PROVIDING DOCUMENTATION THAT THE EXPENSES WERE INCURRED. ONCE THE GRANT FUNDS ARE RECEIVED, THEY ARE PASSED THROUGH TO THE AFFILIATE ORGANIZATION. FOR GRANTS THAT ARE NOT REIMBURSEMENT RELATED, GRCEDC PASSES THROUGH THE GRANT FUNDS UPON RECEIPT AND SUBSEQUENTLY MONITORS PROPER SPENDING OF GRANT FUNDS AND ENSURES REPORTING REQUIREMENTS ARE MET. X X X 0 0 0 0 0 0 0 0 0 JAMES W GERLACH CEO 236734 0 0 0 0 0 14204 0 631 0 251569 0 0 0 DEBRA MILLMAN VP OF DEVELOPMENT 154134 0 0 0 0 0 9248 0 12024 0 175406 0 0 0 SARA STEWART CFO 152672 0 0 0 0 0 9160 0 6070 0 167902 0 0 0 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. 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 INSTANCE WHERE BACKUP WITHHOLDING WAS REQUIRED; HOWEVER IF THE SITUATION WOULD ARISE, THE ORGANIZATION IS AWARE OF THE REPORTING REQUIREMENTS AND WOULD HANDLE THAT ACCORDINGLY BERKS COUNTY CHAMBER FOUNDATION 606 COURT STREET READING PA 196013509 222661138 ADVANCEMENT PA 501(C)(3) LINE 7 0 GREATER READING CHAMBER OF COMMERCE & INDUSTRY 606 COURT STREET READING PA 196013509 231003440 CHAMBER OF COMMERCE PA 501(C)(6) 0 GREATER BERKS DEVELOPMENT FUND 606 COURT STREET READING PA 196013509 236392284 ADVANCEMENT PA 501(C)(4) 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 GREATER READING CHAMBER OF COMMERCE & INDUSTRY Q 1018374 GREATER BERKS DEVELOPMENT FUND Q 776139 GREATER BERKS DEVELOPMENT FUND K 152916