2023-11-08T11:14:34-06:00 2022-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-01-01 232095463 LANCASTER CHAMBER OF COMMERCE & INDUSTRY LANC 7173973531 115 EAST KING STREET LANCASTER PA 17602 HEATHER VALUDES PRESIDENT AND CEO 7173973531 2023-11-06 1 HEATHER VALUDES 999009999 1 KERRI N BOGDA CPA P00760402 7177404863 2023-11-06 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HEATHER VALUDES 115 EAST KING STREET LANCASTER PA 17602 3203122 0 X WWW.LANCASTERCHAMBER.COM X 1979 PA CREATE THE ENVIRONMENT, FACILITATE PARTNERSHIPS, AND LEAD ON ISSUES THAT ELEVATE BUSINESS SUCCESS. 15 14 30 221 78954 21408 382630 586732 2055977 1724866 12482 21853 241737 138025 2692826 2471476 0 0 0 0 1261631 1275475 0 0 0 1207839 1104421 2469470 2379896 223356 91580 2782986 4067110 1180673 2409005 1602313 1658105 X THE LANCASTER CHAMBER OF COMMERCE & INDUSTRY'S MISSION IS TO CREATE THE ENVIRONMENT, FACILITATE PARTNERSHIPS, AND LEAD ON ISSUES THAT ELEVATE BUSINESS SUCCESS. THE CHAMBER HAS 5 STRATEGIC PRIORITIES: PUBLIC POLICY, WORKFORCE, BUSINESS SOLUTIONS, DE&I AND CHAMBER EXCELLENCE. 0 0 IN 2022 THE CHAMBER CELEBRATED ITS 150TH ANNIVERSARY. DURING THE YEAR WE LOOKED BACK AT 114 HISTORICAL MILESTONES AND HAD 2,945 VISITS TO OUR 150TH HISTORICAL BUSINESS TIMELINE. WE HAD 2,400 ATTENDEES ENGAGE WITH US AT OUR THREE ANNIVERSARY CELEBRATION EVENTS. WE ALSO HAD 273,984 IMPRESSIONS ON OUR 150TH SOCIAL MEDIA CONTENT. AS WE WERE CELEBRATING OUR LOCAL BUSINESS HISTORY WE ALSO WERE ACTIVELY INVOLVED WITH OUR MEMBERSHIP AND THE BUSINESS COMMUNITY. WE CONNECTED 65 DISPLACED WORKERS WITH 16 LOCAL BUSINESS FOR EMPLOYMENT AND PRESENTED 90 SPEAKERS TO OUR COMMUNITY, 50 OF THEM WERE WOMEN AND 24% REPRESENTED MINORITY GROUPS. 8,932 UNIQUE ATTENDEES ENGAGED WITH THE CHAMBER AT 133 EVENTS. WE CELEBRATED 28 BUSINESS GRAND OPENINGS, ANNIVERSARIES & NEW LOCATIONS WITH RIBBON CUTTINGS. TEN MINORITY BUSINESS ENTREPRENEURS PARTICIPATED IN THE INAUGURAL WORDS INTO ACTION: UNDERREPRESENTED BUSINESS PARTNERSHIP. 179 NEW MEMBERS JOINED THE CHAMBER NETWORK OF BUSINESSES AND ORGANIZTIONS LOOKING TO CONNECT AND MAKE A SUSTAINABLE IMPACT ON THE FUTURE OF OUR COUNTY. WE PROVIDED TRAINING TO 688 EMPLOYEES THROUGH OUR 23 PROFESSIONAL DEVELOPMENT OFFERINGS. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 25 0 30 1 1 1 0 0 0 0 0 0 0 X 15 14 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JULIE HOUCK DIRECTOR OF FINANCE 7176966221 115 EAST KING STREET LANCASTER PA 17602 THOMAS T BALDRIGE PRESIDENT & CEO (UNTIL 6/22) 36.25 1.25 X X 138339 0 28508 SCOTT FIORE PAST CHAIR 10.00 0.00 X 0 0 0 JOHN SEROKY CHAIR 10.00 0.00 X X 0 0 0 ANDY DULA SECRETARY/TREASURER 6.00 0.00 X X 0 0 0 DR DANIEL A WUBAH BOARD MEMBER 3.00 0.00 X 0 0 0 DONNA KREISER OFFICER AT LARGE 6.00 0.00 X X 0 0 0 GRANT MARKLEY BOARD MEMBER 3.00 0.00 X 0 0 0 KATIE SANDOE BOARD MEMBER 3.00 0.00 X 0 0 0 MICHELE BALLIET BOARD MEMBER 3.00 0.00 X 0 0 0 ALEX BRAME BOARD MEMBER 3.00 0.00 X 0 0 0 VANESSA PHILBERT BOARD MEMBER 3.00 0.00 X 0 0 0 RACHEL GALLAGHER BOARD MEMBER 3.00 0.00 X 0 0 0 MIGUEL NISTAL BOARD MEMBER 3.00 0.00 X 0 0 0 MICHEL VERMETTE BOARD MEMBER 3.00 0.00 X 0 0 0 STACY WHISEL BOARD MEMBER 3.00 0.00 X 0 0 0 HEATHER VALUDES PRESIDENT & CEO 36.25 1.25 X X 137333 0 31668 CARRIE WILLETTS BOARD MEMBER(UNTIL 7/22) 3.00 0.00 X 0 0 0 STEVEN PROGIN FINANCE DIRECTOR (UNTIL 11/22) 36.25 1.25 X 77251 0 20626 JULIE HOUCK DIRECTOR OF FINANCE 36.25 1.25 X 52836 0 18880 405759 0 99682 2 0 1 0 PENN SQUARE PARTNERS 25 S QUEEN STREET LANCASTER PA 17603 CATERING 240010 1 281000 69432 236300 586732 MEMBERSHIP DUES 900099 1245638 1245638 TRAINING AND EVENTS 900099 447222 447222 ADVERTISING AND PUBL. 900099 32006 26460 5546 1724866 21853 21853 158800 29800 116608 7392 42192 22408 64600 22408 42192 599470 281000 607646 -8176 -8176 ADMINISTRATIVE FEES 561000 78551 51000 27551 BAD DEBT RECOVERY 900099 3050 3050 81601 2471476 1719320 78954 86470 505441 611225 31052 43228 84529 42405 124424 37313 46241 94000 140273 236567 21444 33369 14248 90800 20301 SPEC. EVENTS, TRAINING 132061 OTHER PROGRAM EXPENSES 60297 DUES 10678 2379896 402 529 492499 538352 156189 15332 139749 103018 1260814 180597 1136239 1080217 856908 842973 1000 1000 1485689 2782986 4067110 74186 129149 228704 23440 400000 330160 477783 1926256 1180673 2409005 X 1602313 1658105 1602313 1658105 2782986 4067110 91580 -35788 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1244241 124424 124424 124424 845038 27603 817435 415776 152994 262782 1080217 UNEARNED MEMBERSHIP DUES 440567 LEASE LIABILITY 1485689 1926256 3164284 -35788 -35788 3200072 -728596 -728596 2471476 3108492 728596 728596 2379896 0 2379896 PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -124,000. BAD DEBT RECOVERY 3,050. FUNDRAISING EXPENSES -607,646. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 124,000. BAD DEBT RECOVERY -3,050. FUNDRAISING EXPENSES 607,646. 150TH ANNUAL DINNER 880470 281000 599470 7625 223223 199403 177395 880470 281000 599470 7625 223223 199403 177395 607646 -8176 X X 1 0 0 HEATHER VALUDES PRESIDENT & CEO 125333 0 6000 0 6000 0 14138 0 17530 0 169001 0 0 0 THOMAS T BALDRIGE PRESIDENT & CEO (UNTIL 6/22) 117339 0 10000 0 11000 0 13500 0 15008 0 166847 0 0 0 PART I, LINE 4A THOMAS BALDRIGE, PRESIDENT AND CEO, RECEIVED A $5,000 SEVERANCE PAYMENT UPON HIS RETIREMENT FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION CHANGED ITS MISSION STATEMENT DURING THE YEAR. THE MISSION WAS EXPANDED FROM ITS THREE CORE STRATEGIES TO FIVE STRATEGIC PRIORITIES. FORM 990, PART VI, SECTION A, LINE 6 THE LANCASTER CHAMBER OF COMMERCE & INDUSTRY HAS TWO CLASSES OF MEMBERSHIP: FULL - A FIRM, ASSOCIATION, CORPORATION, OR PARTNERSHIP WHICH SUPPORTS THE ACTIVITIES OF THE CHAMBER IN ACCORDANCE WITH THE ESTABLISHED MEMBERSHIP INVESTMENT PROGRAM. FULL MEMBERS ARE ELIGIBLE TO HOLD OFFICE, VOTE, AND OTHERWISE PARTICIPATE IN THE AFFAIRS OF THE CHAMBER. AFFILIATE - AN ASSOCIATION WITH A FORMALLY ESTABLISHED PARTNERSHIP WITH THE CHAMBER. AFFILIATE MEMBERS ARE NOT REQUIRED TO PAY DUES BUT CAN BE AFFORDED NON-VOTING BOARD REPRESENTATION AT THE DISCRETION OF THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 7A THE LANCASTER CHAMBER OF COMMERCE & INDUSTRY HAS TWO CLASSES OF MEMBERSHIP. ONLY THE FULL MEMBERSHIP HAS VOTING RIGHTS. NOMINATION: A NOMINATING COMMITTEE COMPOSED OF NOT FEWER THAN EIGHT(8) DIRECTORS SHALL BE APPOINTED BY THE CHAIR EACH YEAR. THE NOMINATING COMMITTEE SHALL NOMINATE A SLATE OF PROPOSED BOARD MEMBERS TO MAINTAIN UP TO 27 DIRECTOR POSITIONS. THE NOMINATING COMMITTEE SHALL SUBMIT A LIST OF NAMES OF THE NOMINEES TO THE BOARD FOR APPROVAL NO LATER THAN THE OCTOBER BOARD MEETING. AFTER APPROVAL BY THE BOARD, THE PRESIDENT SHALL NOTIFY ALL MEMBERS OF THE PROPOSED SLATE. IN ADDITION, MEMBERS ARE TO BE ADVISED THAT THEY MAY PROPOSE THE NOMINATION OF AN ADDITIONAL PERSON FOR ELECTION TO THE BOARD PROVIDED THE NAME OF THE ADDITIONAL NOMINEE IS SUBMITTED TO THE CHAIR BY WRITTEN COMMUNICATION DULY SIGNED BY 5% OF FULL MEMBERS. IN THE EVENT NO ADDITIONAL NOMINATIONS ARE RECEIVED WITHIN THE TIME LIMIT STATED ABOVE, THE BOARD MAY, AT THE REGULAR NOVEMBER BOARD MEETING, CONFIRM THE UNANIMOUS ELECTION TO THE BOARD OF THE PERSONS PLACED IN NOMINATION BY THE NOMINATING COMMITTEE. IN THE EVENT ONE(1) OR MORE NOMINATIONS IN ADDITION TO THE PERSONS PROPOSED BY THE NOMINATING COMMITTEE IS RECEIVED, THE BOARD SHALL ARRANGE FOR AN ELECTION BY THE MEMBERSHIP AT WHICH VOTING WILL BE CONDUCTED BY BALLOT OR ANY OTHER MEANS DEEMED APPROPRIATE BY THE CHAIR. VACANCIES: VACANCIES OCCURRING WITHIN THE BOARD DURING THE FISCAL YEAR SHALL BE FILLED BY THE CHAIR WITH APPROVAL OF THE BOARD. THE OFFICE OF ANY BOARD MEMBER WHO SHALL BE ABSENT FROM THREE (3) CONSECUTIVE REGULAR MEETINGS OF THE BOARD MAY BE DEEMED VACANT AT THE DISCRETION OF THE BOARD BY A MAJORITY VOTE OF THOSE VOTING AT ANY MEETING THEREOF. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 IS REVIEWED WITH THE ORGANIZATION'S EXECUTIVE COMMITTEE. THE FORM 990 IS THEN POSTED ON THE ORGANIZATION'S WEBSITE AND NOTICE IS PROVIDED TO ALL BOARD MEMBERS OF ITS AVAILABILITY. SUBSEQUENT TO ITS POSTING, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. IN ADDITION, FORM 990 SHALL AT ALL TIMES BE AVAILABLE FOR INSPECTION BY THE PUBLIC WITHIN THE OFFICES OF THE ORGANIZATION. MEMBERS OF THE CHAMBER MAY ALSO INSPECT THE CONSOLIDATED AUDIT REPORT. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS OF THE ORGANIZATION INCLUDING EX-OFFICIO AND THE PRESIDENT/CEO ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. EACH COVERED PERSON IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY DISCLOSING 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. DURING THE YEAR THE COVERED INDIVIDUALS MUST DISCLOSE TO THE BOARD AND THE PRESIDENT/CEO 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 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 B, LINE 15A EACH YEAR IT IS THE RESPONSIBILITY OF THE PAST CHAIRMAN OF THE BOARD TO MANAGE THE REVIEW PROCESS FOR THE PRESIDENT OF THE LANCASTER CHAMBER. AT THE END OF THE REVIEW YEAR, THE PRESIDENT COMPLETES A SELF-ASSESSMENT NOTING ACCOMPLISHMENTS, PERFORMANCE, AND COMPLETION OF GOALS. THE PRESIDENT PRESENTS THE ASSESSMENT TO THE MEMBERS OF THE EXECUTIVE COMMITTEE. THE PRESIDENT IS EXCUSED FROM THE MEETING AND DISCUSSION ENSUES TO EVALUATE THE ASSESSMENT. COMPARABLE SALARY INFORMATION THAT INCLUDES A SURVEY FROM THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES AND DATA FROM OTHER CHAMBERS IN THE REGION IS AVAILABLE FOR REFERENCE. THE COMMITTEE DETERMINES ANY INCREASE AND BONUS PERCENTAGE AT THIS TIME. THE PRESIDENT MEETS AGAIN WITH THE PAST CHAIR, THE CURRENT CHAIR, AND THE CHAIR ELECT WHERE HE/SHE IS PRESENTED WITH THE COMMITTEE'S DECISION, BOTH VERBALLY AND FORMALLY IN A LETTER. THE BOARD CHAIR NOTIFIES THE DIRECTOR OF FINANCE OF THE NEW COMPENSATION WHO FORWARDS THE INFORMATION TO HR FOR PROCESSING. ALL EXECUTIVE COMMITTEE DISCUSSIONS ARE DOCUMENTED IN THE COMMITTEE'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR INSPECTION BY CHAMBER MEMBERS AT THE OFFICE OF THE ORGANIZATION. THE FOUNDATION OF THE LANCASTER CHAMBER 115 EAST KING STREET LANCASTER PA 17602 222608944 PROVIDE FUNDING AND SCHOLARSHIPS PA 501(C)(3) LINE 7 N/A 0 LCCC TITLE HOLDING INC 115 EAST KING STREET LANCASTER PA 17602 822079375 TITLE HOLDING COMPANY PA 501(C)(2) THE FOUNDATION OF THE LANCASTER CHAMBER 0 LANCASTER CHAMBER BIZCORP PO BOX 1558 LANCASTER PA 17603 232358191 COMMERCIAL ACTIVITIES PA LANCASTER CHAMBER OF COMMERCE AND INDUSTRY C 150 89299 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 THE LANCASTER CHAMBER BIZCORP A 1500 COST THE LANCASTER CHAMBER BIZCORP L 51000 COST