2024-10-28T06:45:30-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-01-01 232095463 LANCASTER CHAMBER OF COMMERCE & INDUSTRY LANC 7173973531 115 EAST KING STREET LANCASTER PA 17602 HEATHER VALUDES PRESIDENT AND CEO 7173973531 2024-10-24 1 1 KERRI N BOGDA CPA P00760402 7177404863 2024-10-08 2023 2024-10-15 13:58:12Z HEATHER VALUDES 115 EAST KING STREET LANCASTER PA 17602 2909024 0 X WWW.LANCASTERCHAMBER.COM X 1979 PA CREATE THE ENVIRONMENT, FACILITATE PARTNERSHIPS, AND LEAD ON ISSUES THAT ELEVATE BUSINESS SUCCESS. 15 14 31 250 110018 25013 586732 403156 1724866 1674390 21853 39789 138025 137666 2471476 2255001 0 0 0 0 1275475 1198607 0 0 0 1104421 1034153 2379896 2232760 91580 22241 4067110 3831349 2409005 2332902 1658105 1498447 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 2023 THE CHAMBER ENGAGED ITS WORK ON 3 KEY PRIORITIES.1) PUBLIC POLICY: THE CHAMBER INFORMS AND ADVOCATES ON BEHALF OF OUR MEMBERS WHICH SUPPORT BUSINESS, PEOPLE, AND PLACES.- 22 ADVOCACY COMMITTEE MEMBERS, A VOLUNTEER GROUP MADE UP OF BUSINESS PROFESSIONALS, MET FOR OVER 330 HOURS TO DISCUSS POLICY AND ADVOCACY INITIATIVES THAT HELPED THE CHAMBER DEVELOP 3 POSITION STATEMENTS, SIGN 11 LETTERS OF SUPPORT, DRAFT 5 PUBLIC COMMENTS, AND ADVOCATED FOR MULTIPLE BILLS THAT PASSED INTO LAW, INCLUDING INVESTMENTS INTO CHILDCARE, CLEAN SLATE EXPANSION, FUNDING FOR K-12 SCHOOLS, AND PERMITTING REFORM.- BETWEEN OUR STAFF INTERACTIONS, AND OPPORTUNITIES TO ENGAGE AT EVENTS, THE LANCASTER CHAMBER REPRESENTED BUSINESS IN 83 HOURS OF CONVERSATIONS WITH ALL LEVELS OF GOVERNMENT AND ELECTED OFFICIALS.- 110 BUSINESS PROFESSIONALS LEARNED ABOUT AND GATHERED RESOURCES ON HIRING JUSTICE-INVOLVED INDIVIDUALS AS A SEGMENT OF OUR WORKFORCE PIPELINE.2) BUSINESS SOLUTIONS: THE CHAMBER ANALYZES, ASSESSES, AND NAVIGATES TO PROVIDE TIMELY RESOURCES AND FORWARD-FOCUSED SOLUTIONS TO THE BUSINESS COMMUNITY.- FROM UPSKILLING OUR INCUMBENT WORKFORCE TO LEADERSHIP DEVELOPMENT TRAINING, 2,956 EMPLOYEES OF MEMBER BUSINESSES SPENT 226.5 HOURS IN LEARNING OR PROFESSIONAL DEVELOPMENT PROGRAMS.- 3,055 MEMBERS SPENT A COMBINED 83 HOURS OF NETWORKING AND BUILDING BUSINESS RELATIONSHIPS AT OUR OVER 40 NETWORKING SPECIFIC EVENTS- NEW MANAGER ACADEMY, OUR LONG-TIME PROFESSIONAL DEVELOPMENT PROGRAM, GRADUATED ITS 500TH MANAGER IN 20233) DIVERSITY, EQUITY & INCLUSION: THE CHAMBER CONTRIBUTED TO A MORE INCLUSIVE AND EQUITABLE WORKPLACE, WORKFORCE, AND COMMUNITY.- 1,098 PEOPLE GATHERED, REPRESENTING A DIVERSE RANGE OF ETHNIC AND CULTURAL BACKGROUNDS, TO CULTIVATE MEANINGFUL BUSINESS CONNECTIONS AT 20 EVENTS AND PROGRAMS LIKE OUR HISPANIC BUSINESS LUNCH, WOMEN IN BUSINESS PROGRAMMING AND BIPOC NETWORKING.- 15 MINORITY OWNED BUSINESS OWNERS SERVED AS COHORT MEMBERS IN THE UNDERREPRESENTED BUSINESS PARTNERSHIPS SINCE 2022- OF THE 157 SPEAKERS PRESENTING ON BEHALF OF THE LANCASTER CHAMBER, 85 WERE WOMEN AND 22% REPRESENTED MINORITY GROUPS. 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 22 0 31 1 1 1 0 0 0 0 0 0 0 X 15 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JULIE HOUCK DIRECTOR OF FINANCE 7173973531 115 EAST KING STREET LANCASTER PA 17602 DONNA KREISER CHAIR 6.00 0.50 X X 0 0 0 JOHN SEROKY PAST CHAIR 6.00 0.50 X 0 0 0 ALEX BRAME TREASURER, CHAIR ELECT 6.00 0.50 X X 0 0 0 ERIC WENGER TREASURER 6.00 0.50 X X 0 0 0 MIGUEL NISTAL EXECUTIVE BOARD AT LARGE 6.00 0.50 X X 0 0 0 TIMBREL CHYATEE BOARD MEMBER 3.00 0.00 X 0 0 0 JOCELYN ENGLE BOARD MEMBER 3.00 0.00 X 0 0 0 RACHEL GALLAGHER BOARD MEMBER 3.00 0.00 X 0 0 0 ERIC ORNDORFF BOARD MEMBER 3.00 0.00 X 0 0 0 VANESSA PHILBERT BOARD MEMBER 3.00 0.00 X 0 0 0 DR KATHRYN SANDOE BOARD MEMBER 3.00 0.00 X 0 0 0 GENISE WADE BOARD MEMBER 3.00 0.00 X 0 0 0 STACY WHISEL BOARD MEMBER 3.00 0.00 X 0 0 0 DR DANIEL A WUBAH BOARD MEMBER 3.00 0.00 X 0 0 0 MICHEL VERMETTE BOARD MEMBER 3.00 0.00 X 0 0 0 HEATHER VALUDES PRESIDENT & CEO 36.25 1.25 X X 172256 0 35356 JULIE HOUCK DIRECTOR OF FINANCE 36.25 1.25 X 72473 0 20683 THOMAS WALLACE DIRECTOR OF BUSINESS DEVELOPMENT 36.25 1.25 X 105017 0 12178 349746 0 68217 2 0 1 0 PENN SQUARE PARTNERS 25 S QUEEN STREET LANCASTER PA 17603 CATERING 223593 1 233750 85502 83904 403156 MEMBERSHIP DUES 900099 1266249 1266249 TRAINING AND EVENTS 900099 362308 362308 ADVERTISING AND PUBL. 900099 45833 12770 33063 1674390 39789 39789 168105 33097 116608 7392 51497 25705 77202 25705 51497 530800 233750 530023 777 777 ADMINISTRATIVE FEES 561000 59687 51250 8437 59687 2255001 1641327 110018 100500 300768 707431 45900 60312 84196 50672 126002 39652 14928 86764 111422 216807 21218 37880 10989 93067 21848 UBI TAXES 6139 OTHER PROGRAM EXPENSES 104312 SPEC. EVENTS, TRAINING 76154 DUES 9799 6500 2232760 529 367 538352 386764 15332 145183 103018 109033 1274822 273663 1080217 1001159 842973 788563 1000 1000 1485689 1399280 4067110 3831349 129149 142746 23440 41918 330160 257062 1926256 1891176 2409005 2332902 X 1658105 1498447 1658105 1498447 4067110 3831349 X 22241 8101 -190000 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1260018 126002 126002 126002 845038 50182 794856 429784 223481 206303 1001159 UNEARNED MEMBERSHIP DUES 491896 LEASE LIABILITY 1399280 1891176 2727125 8101 -190000 -181899 2909024 -654023 -654023 2255001 2886783 654023 654023 2232760 0 2232760 PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSET TRANSFER -190,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -124,000. FUNDRAISING EXPENSES -530,023. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 124,000. FUNDRAISING EXPENSES 530,023. 151ST ANNUAL DINNER 764550 233750 530800 1632 212325 126035 190031 764550 233750 530800 1632 212325 126035 190031 530023 777 X X 0 0 0 HEATHER VALUDES PRESIDENT & CEO 155256 0 5000 0 12000 0 17762 0 17594 0 207612 0 0 0 PART I, LINE 7 THE EXECUTIVE BOARD DETERMINES THE PRESIDENT/CEO'S DISCRETIONARY BONUS EACH YEAR. THE CHAIR OF THE BOARD WILL ASK THE DIRECTOR OF FINANCE FOR ANY INFORMATION THEY FEEL IS NECESSARY IN DETERMINING THE BONUS. THE DISCUSSION AROUND THE BONUS INVOLVES: YEARLY FINANCIAL RESULTS, EFFECTIVENESS TOWARDS MEETING GOALS/KPI'S OUTLINED IN THE STRATEGIC PLAN AND OVERALL SUCCESS IN MEETING THE ORGANIZATION'S MISSION DURING THE FISCAL YEAR. AFTER THE EXECUTIVE BOARD DETERMINES THE BONUS, IT IS COMMUNICATED TO THE DIRECTOR OF FINANCE AND THE PRESIDENT/CEO. 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. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER -190,000. 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 -15154 74142 1.00000 1 1 0 1 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 0 THE LANCASTER CHAMBER BIZCORP A 1802 COST LCCC TITLE HOLDING B 190000 COST THE LANCASTER CHAMBER BIZCORP L 51250 COST