2025-10-28T07:46:20-05:00 2024-12-31 232108173 RKL LLP PO BOX 8408 LANCASTER PA 176048408 990 2024-01-01 251636785 PENNSYLVANIA CHAMBER OF BUSINESS AND INDUSTRY EDUCATIONAL FOUNDATION PENN 7172553252 417 WALNUT STREET HARRISBURG PA 17101 JEWELL LESTER VICE PRESIDENT 7172553252 2025-10-17 1 1 BETH L T SAUDER CPA P01474324 7173945666 2025-10-17 2024 2025-03-06 01:10:19Z JEWELL LESTER 417 WALNUT STREET HARRISBURG PA 17101 797556 0 X WWW.PACHAMBER.ORG/ABOUT/FOUNDATION X 1990 PA THE PA CHAMBER FOUNDATION IS A 501(C)(3) PA CHAMBER AFFILIATED ENTITY THAT EXISTS TO SUPPORT THE CHAMBER'S MISSION. THE FOUNDATION WORKS IN PARTNERSHIP WITH THE PA CHAMBER TO ACCELERATE THE PRIORITIES OF THE BUSINESS COMMUNITY AND SUPPORTS RESEARCH AND EDUCATION PROGRAMS THAT POSITIVELY IMPACT PENNSYLVANIA'S COMPETITIVENESS, INFRASTRUCTURE, WORKFORCE DEVELOPMENT AND EQUALITY OF OPPORTUNITY. 8 7 0 9 0 0 222014 718515 4160 0 23955 44481 -7456 6434 242673 769430 0 0 0 0 0 0 0 0 0 154874 390779 154874 390779 87799 378651 1052231 1435632 28047 32797 1024184 1402835 X THE PA CHAMBER FOUNDATION IS A 501(C)(3) PA CHAMBER AFFILIATED ENTITY THAT EXISTS TO SUPPORT THE CHAMBER'S MISSION. THE FOUNDATION WORKS IN PARTNERSHIP WITH THE PA CHAMBER TO ACCELERATE THE PRIORITIES OF THE BUSINESS COMMUNITY AND SUPPORTS RESEARCH AND EDUCATION PROGRAMS THAT POSITIVELY IMPACT PENNSYLVANIA'S COMPETITIVENESS, INFRASTRUCTURE, WORKFORCE DEVELOPMENT AND EQUALITY OF OPPORTUNITY. 0 0 388206 THE PENNSYLVANIA CHAMBER EDUCATIONAL FOUNDATION IS ENGAGED IN A BOLD, COLLABORATIVE ECONOMIC RESURGENCE INITIATIVE THAT WILL CREATE A FRAMEWORK TO FOSTER LONG-TERM ECONOMIC GROWTH AND EQUALITY OF OPPORTUNITY IN THE COMMONWEALTH. WE'RE BLAZING A BOLD APPROACH THAT EMPHASIZES A COMPETITIVE PENNSYLVANIA, A SOLID INFRASTRUCTURE AND A STRONGER WORKFORCE THROUGH STRATEGIES THAT WILL LEAD TO A ROBUST ECONOMY AND EXPANDED OPPORTUNITIES.IN 2024, THE PA CHAMBER EDUCATIONAL FOUNDATION HOSTED AN ANNUAL ECONOMIC FORECAST SUMMIT. DESIGNED FOR CORPORATE EXECUTIVES, FINANCIAL OFFICERS, BOARD MEMBERS, AND INVESTORS, THE EVENT EDUCATED ATTENDEES ABOUT THE STATE OF THE COMMONWEALTH AND NATIONAL ECONOMIES BOTH NOW AND IN THE YEAR AHEAD. THE AGENDA FEATURED EXPERT ECONOMIC ANALYSTS, FORECASTERS, AND INNOVATION FUTURISTS WHO PROVIDED INSIGHTS TO HELP BUSINESS LEADERS UNDERSTAND DETAILS OF THE CURRENT ECONOMY AND PREPARE FOR WHAT'S COMING. A RECEPTION FOLLOWING THE EVENT HONORED FORMER PA CHAMBER PRESIDENT AND CEO GENE BARR, WHO EARNED THE CENTRAL PENN BUSINESS JOURNAL'S "ICON HONORS" AWARD FOR HIS SUCCESS AND LEADERSHIP WHILE AT THE HELM OF THE PA CHAMBER. CIVIL DISCOURSE AND CIVICS EDUCATION PLAY A CRITICAL ROLE IN MAINTAINING A FUNCTIONAL DEMOCRACY, AND IT'S INCREASINGLY IMPORTANT TO ENCOURAGE STUDENT ENGAGEMENT IN CIVICS SO YOUNG PEOPLE CAN BECOME FUTURE ENGAGED CITIZENS. IN 2024, THE PENNSYLVANIA CHAMBER FOUNDATION WAS PROUD TO CARRY ON ITS TWO-YEAR TRADITION WITH THE U.S. CHAMBER OF COMMERCE FOUNDATION AND CHAMBERS OF COMMERCE THROUGHOUT PENNSYLVANIA TO HOST THE PENNSYLVANIA CIVICS BEE AN AFFILIATE OF THE NATIONAL CIVICS BEE, WHICH ENCOURAGES YOUNG AMERICANS IN 6TH, 7TH, AND 8TH GRADE TO ENGAGE IN CIVICS AND CONTRIBUTE TO THEIR COMMUNITIES. MODELED ON TRADITIONAL SPELLING AND GEOGRAPHY BEES, THE COMPETITION ALLOWS STUDENTS TO WIN RECOGNITION AND EARN CASH PRIZES BY SHARING IDEAS FOR IMPROVING THEIR COMMUNITIES AND SHOWING THEIR KNOWLEDGE AND ENTHUSIASM FOR CIVICS. THE WINNER OF THE PENNSYLVANIA CIVICS BEE WENT ON TO COMPETE IN THE INAUGURAL NATIONAL CIVICS BEE NATIONAL CHAMPIONSHIP, WHICH TOOK PLACE IN WASHINGTON, D.C., IN NOVEMBER 2024. 388206 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 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 0 0 1 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 PA X THE ORGANIZATION 7172553252 417 WALNUT STREET HARRISBURG PA 17101 MR LUKE BERNSTEIN PRESIDENT 1.00 50.50 X X 0 722227 38447 MR RICHARD EHST CHAIRMAN 1.00 1.00 X X 0 0 0 MR J GARY LANGMUIR VICE CHAIRMAN 1.00 1.00 X X 0 0 0 MR DAVID KERR BOARD MEMBER 1.00 1.00 X 0 0 0 MR MARC LUCCA BOARD MEMBER 1.00 1.00 X 0 0 0 MR DAVID TAYLOR BOARD MEMBER 1.00 1.00 X 0 0 0 MR JOHN LAWN BOARD MEMBER 1.00 1.00 X 0 0 0 MR DANIEL ONORATO BOARD MEMBER 1.00 1.00 X 0 0 0 MS JEWELL LESTER VICE PRESIDENT 1.00 43.50 X 0 236984 18681 MR SETH KEITER TREASURER 1.00 37.25 X 0 109750 19414 MS CARISSA BURGETT SECRETARY 1.00 43.25 X 0 87173 3431 ELIZABETH BOLDEN EXECUTIVE DIRECTOR 43.25 0.00 X 0 155749 16325 0 1311883 96298 0 0 1 0 0 7000 175000 6750 529765 7357 718515 44481 44481 32500 7000 28126 4374 4374 MISCELLANEOUS REVENUE 561300 2060 2060 2060 769430 0 0 50915 X 189731 189731 142567 142567 46100 43527 2573 2417 2417 9625 9625 MISCELLANEOUS EXPENSE 339 339 390779 388206 2573 0 1045037 1233826 0 200000 7194 1806 1052231 1435632 13471 10756 12005 18750 2571 3291 28047 32797 X 1024184 1402835 1024184 1402835 1052231 1435632 378651 0 X X 0 1 X 1 0 X X 1 PENNSYLVANIA CHAMBER OF BUSINESS AND INDUSTRY 230961100 10 1 0 416332 1 0 416332 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 2: THE SUPPORTED ORGANIZATION, PENNSYLVANIA CHAMBER OF BUSINESS AND INDUSTRY, IS NOT DETERMINED TO HAVE A STATUS UNDER SECTION 509(A)(1) OR (2) BECAUSE IT IS A 501(C)(6) ORGANIZATION. PART IV, SECTION A, LINE 3B: THE CHAMBER, DESCRIBED IN SECTION 501(C)(6), IS SUPPORTED BY MEMBERSHIP DUES AND FUNDS RESULTING FROM THE PERFORMANCE OF ITS EXEMPT ACTIVITIES. THIS SUPPORT, WHICH IS ENTIRELY FROM PERMITTED SOURCES, CONSTITUTES MORE THAN ONE-THIRD OF THE CHAMBER'S SUPPORT. THE CHAMBER DOES NOT NORMALLY RECEIVE MORE THAN ONE-THIRD OF ITS SUPPORT FROM ITEMS DESCRIBED IN SECTION 509(A)(2)(B). THE CHAMBER ORGANIZED AND OPERATED AN EDUCATIONAL FOUNDATION FOR THE SOLE PURPOSE OF FURTHERING THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE CHAMBER. THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). SINCE MORE THAN ONE-THIRD OF THE CHAMBER'S SUPPORT IS DERIVED FROM MEMBERSHIP DUES AND FROM FUNDS RESULTING FROM THE PERFORMANCE OF EXEMPT PURPOSES (ALL OF WHICH ARE FROM PERMITTED SOURCES) AND NOT MORE THAN ONE-THIRD OF ITS SUPPORT IS FROM ITEMS DESCRIBED IN SECTION 509(A)(2)(B), IT WOULD BE A PUBLICLY SUPPORTED ORGANIZATION DESCRIBED IN SECTION 509(A)(2) IF IT WERE DESCRIBED IN SECTION 501(C)(3) RATHER THAN SECTION 501(C)(6). ACCORDINGLY, IF THE FOUNDATION OTHERWISE MEETS THE REQUIREMENTS OF SECTION 509(A)(3) WITH RESPECT TO THE CHAMBER, IT WILL BE CONSIDERED AN ORGANIZATION DESCRIBED IN SECTION 509(A)(3). PART IV, SECTION A, LINE 3C: THE PENNSYLVANIA CHAMBER OF BUSINESS AND INDUSTRY EDUCATIONAL FOUNDATION UTILIZES THE FOLLOWING CONTROLS TO ENSURE THAT FUNDS ARE USED IN THE APPROPRIATE MANNER FOR CHARITABLE PURPOSES: MAINTAINING SEPARATE FINANCIAL RECORDS TO RECORD TRANSACTIONS RELATED TO CHARITABLE PURPOSES AND REQUIRING MANAGERIAL APPROVAL FOR ALL DISBURSEMENTS FROM THE EDUCATIONAL FOUNDATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 756 756 387450 388206 77641 19410 0 0 77641 77641 116462 756 756 19410 19410 29115 0 DUE TO AFFILATE 3291 3291 X PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CHAMBER, INCLUDING WHETHER THE ENTITY IS EXEMPT FROM INCOME TAXES. MANAGEMENT EVALUATED THE TAX POSITIONS TAKEN AND CONCLUDED THAT THE CHAMBER HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE CHAMBER IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2021. ECONOMIC FORECAST SUMMIT 39500 7000 32500 750 10700 16676 39500 7000 32500 750 10700 16676 28126 4374 0 0 0 0 0 0 0 0 0 MR LUKE BERNSTEIN PRESIDENT 0 484196 0 228431 0 9600 0 10078 0 28369 0 760674 0 0 MS JEWELL LESTER VICE PRESIDENT 0 189269 0 40515 0 7200 0 4596 0 14085 0 255665 0 0 ELIZABETH BOLDEN EXECUTIVE DIRECTOR 0 155749 0 0 0 0 0 1292 0 15033 0 172074 0 0 PART I, LINE 3 RELATED ORGANIZATION USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - WRITTEN EMPLOYMENT CONTRACT FORM 990, PART VI, SECTION B, LINE 11B DRAFT 990 EMAILED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO THE FORM BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYEES ARE EMPLOYED BY PCI SERVICES, INC. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 142,567. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 142,567. PART XII, LINE 2C THE AUDIT COMMITTEE OF THE CONSOLIDATED GROUP IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. ANNUALLY, THE AUDIT COMMITTEE APPOINTS THE INDEPENDENT ACCOUNTANT, APPROVES THE INDEPENDENT ACCOUNTANT'S FEES AND REVIEWS THE AUDITED FINANCIAL STATEMENTS AND TAX RETURNS. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. PA CHAMBER OF BUSINESS & INDUSTRY 417 WALNUT ST HARRISBURG PA 17101 230961100 FRONTLINE ADVOCATE FOR BUSINESS IN PENNSYLVANIA PA 501(C)(6) N/A 0 PENNSYLVANIA CHAMBER OF BUSINESS & INDUSTRY POLITICAL ACTION COMMITTEE 417 WALNUT ST HARRISBURG PA 17101 900042553 PROTECTION & ADVANCEMENT OF BUSINESS CLIMATE IN PA PA 527 PCBI 0 CITIZENS TO PROTECT PENNSYLVANIA JOBS 417 WALNUT ST HARRISBURG PA 17101 320236838 EDUCATE THE GENERAL PUBLIC ABOUT BUSINESS ISSUES PA 501(C)(4) PCBI 0 PCI INSURANCE INC 417 WALNUT ST HARRISBURG PA 17101 251775061 MANAGES HEALTH INSURANCE PROGRAMS FOR THE CHAMBER PA N/A C 0 PCI SERVICES INC 417 WALNUT ST HARRISBURG PA 17101 251784573 ADMINISTER THE PERSONNEL AND RELATED EXPENSES PA N/A C 0 YBNCOM INC 417 WALNUT ST HARRISBURG PA 17101 251841466 INACTIVE CORPORATION PA N/A C 0 INSURANCE COALITION INC 417 WALNUT ST HARRISBURG PA 17101 161731740 MANAGES BROKERAGE-RELATED INSURANCE PRODUCTS PA N/A C 0 PENNSYLVANIA CHAMBER INC 417 WALNUT ST HARRISBURG PA 17101 251627143 MEMBERSHIP SERVICES PA PCBI C 61179 8893664 1.00000 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 PCI INSURANCE INC C 155000 FAIR MARKET VALUE PENNSYLVANIA CHAMBER OF BUSINESS AND INDUSTRY C 20000 FAIR MARKET VALUE