2025-06-20T00:09:09-05:00 2024-12-31 232108173 RKL LLP 1330 BROADCASTING ROAD WYOMISSING PA 196106008 990 2024-01-01 222661138 BERKS COUNTY CHAMBER FOUNDATION BERK 6103766766 606 COURT STREET READING PA 19601 LUCINE SIHELNIK CEO 6103766766 2025-06-18 0 RUTHANN J WOLL CPA P00647342 6103761595 2025-06-18 2024 2025-03-06 01:10:19Z LUCINE SIHELNIK 606 COURT STREET READING PA 19601 10000 0 X WWW.GREATERREADING.ORG X 1985 PA TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE BERKS COUNTY AREA SO THAT ITS CITIZENS AND ALL AREAS OF THE BUSINESS COMMUNITY SHALL PROSPER. ALL NECESSARY ATTENTION SHALL BE PROVIDED AND PARTICULAR ATTENTION AND EMPHASIS SHALL BE GIVEN TO THE ECONOMIC, CIVIC, COMMERCIAL, CULTURAL, INDUSTRIAL AND EDUCATIONAL INTERESTS OF THE AREA. 9 9 0 9 0 0 21500 10000 0 0 0 0 0 0 21500 10000 21500 10000 0 0 0 0 0 0 0 102 108 21602 10108 -102 -108 2304 2196 0 0 2304 2196 X TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE BERKS COUNTY AREA SO THAT ITS CITIZENS AND ALL AREAS OF THE BUSINESS COMMUNITY SHALL PROSPER. ALL NECESSARY ATTENTION SHALL BE PROVIDED AND PARTICULAR ATTENTION AND EMPHASIS SHALL BE GIVEN TO THE ECONOMIC, CIVIC, COMMERCIAL, CULTURAL, INDSTRIAL AND EDUCATIONAL INTERESTS OF THE AREA. 0 0 10000 10000 CONTRIBUTIONS ARE UTILIZED TO SUPPORT CHARITABLE PROJECTS IN THE COMMUNITY, FOCUSED ON WORKFORCE AND EDUCATIONAL INITIATIVES. 10000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 0 0 PA X SARA STEWART - CFO 6103766766 606 COURT STREET READING PA 19601 X SARA KUZMA-STUMP CHAIR 1.00 2.00 X X 0 0 0 LAURA HAFFNER VICE CHAIR 1.00 2.00 X X 0 0 0 JACK GOMBACH TREASURER 1.00 2.00 X X 0 0 0 ALAN SHUMAN SECRETARY 1.00 2.00 X X 0 0 0 MICHELE RICHARDS IMMEDIATE PAST CHAIR 1.00 2.00 X 0 0 0 JOHN WEIDENHAMMER DIRECTOR 1.00 2.00 X 0 0 0 JOHN PERATE DIRECTOR 1.00 2.00 X 0 0 0 JONATHAN ENCARNACION DIRECTOR 1.00 2.00 X 0 0 0 DAVID W STONESIFER DIRECTOR 1.00 2.00 X 0 0 0 0 0 0 0 0 0 0 0 10000 10000 10000 0 0 0 10000 10000 108 108 10108 10000 108 0 2304 2196 2304 2196 0 0 X 2304 2196 2304 2196 2304 2196 -108 0 X X 0 1 X 1 0 X 157136 51624 40706 21500 10000 280966 157136 51624 40706 21500 10000 280966 280966 280966 2801 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: AS A NOT-FOR-PROFIT ORGANIZATION, THE CHAMBER IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THEREFORE, THE CHAMBER HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE CHAMBER IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE CHAMBER RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION (BENEFIT) FOR INCOME TAXES IN ITS CONSOLIDATED STATEMENT OF ACTIVITIES. AT DECEMBER 31, 2024 AND 2023, 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 CONSOLIDATED 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 CONSOLIDATED STATEMENT OF FINANCIAL POSITION, ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE CHAMBER FILES INFORMATIONAL RETURNS (IRS FORM 990) IN THE U.S. FEDERAL JURISDICTION. THE CHAMBER'S TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED DECEMBER 31, 2021. 1 GREATER READING CHAMBER OF COMMERCE AND INDUSTRY 606 COURT STREET READING PA 19601 231003440 501C(6) 10000 0 ECONOMIC DEVELOPMENT, WOMEN2WOMEN 0 1 PART I, LINE 2: THE BERKS COUNTY CHAMBER FOUNDATION GRANTS FUNDS TO ORGANIZATIONS THAT SUPPORT ITS MISSION TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE BERKS COUNTY AREA, WITH SPECIFIC EMPHASIS ON ECONOMIC, CIVIC, COMMERCIAL, CULTURAL, INDUSTRIAL AND EDUCATIONAL INTERESTS. THE MAJORITY OF GRANT FUNDS ARE PASSED THROUGH TO RELATED ENTITIES WITH COMMON MANAGEMENT FOR PROGRAMS THAT SUPPORT THE SAME MISSION AS THE CHAMBER FOUNDATION. OTHER GRANTS ARE DISBURSED ON A REIMBURSEMENT BASIS AFTER VERIFYING THAT THE FUNDS WERE SPENT FOR THE INTENDED PURPOSE. FORM 990, PART VI, SECTION A, LINE 8A THERE WERE NO MEETINGS HELD IN 2024. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO MEETINGS HELD IN 2024. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVENING BODY BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD OF DIRECTOR IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE PRESIDENT REVIEWS EACH STATEMENT FOR RELEVANT INFORMATION AND THE BOARD THEN APPROPRIATELY ADDRESSES ANY POTENTIAL CONFLICTS OF INTEREST NOTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION HAS MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. GREATER READING CHAMBER & ECONOMIC DEVELOPMENT CORP 606 COURT STREET READING PA 19601 814279395 ADVANCEMENT PA 501(C)(3) LINE 7 0 GREATER BERKS DEVELOPMENT FUND 606 COURT STREET READING PA 19601 236392284 ADVANCEMENT PA 501(C)(4) 0 GREATER READING CHAMBER OF COMMERCE AND INDUSTRY 606 COURT STREET READING PA 19601 231003440 ADVANCEMENT PA 501(C)(6) 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0