2025-10-15T16:29:23-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 222608944 THE FOUNDATION OF THE LANCASTER CHAMBER FOUN 7173973531 115 EAST KING STREET LANCASTER PA 17602 HEATHER VALUDES PRESIDENT AND CEO 7173973531 2025-10-14 1 0 KERRI N BOGDA P00760402 7177404863 2025-10-14 2024 2025-03-06 01:10:19Z HEATHER VALUDES 115 EAST KING STREET LANCASTER PA 17602 2275737 0 X HTTPS://WWW.LANCASTERCHAMBER.COM/ABOUT-US/OUR-FOU X 1985 PA PROVIDES EDUCATIONAL AND TRAINING PROGRAMS AND MEETING SPACE FOR NON-PROFITS. 7 6 2 155 0 0 129677 385242 0 43065 1279 1743 30940 1789109 161896 2219159 43502 168726 0 0 0 149700 0 0 46393 488989 552434 532491 870860 -370595 1348299 12062642 5182817 8544588 614990 3518054 4567827 X THE FOUNDATION OF THE LANCASTER CHAMBER IS ORGANIZAED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES INCLUDING THE DISTRIBUTION OF FUNDS FOR SUCH PURPOSES TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954. THE FOUNDATION PROVIDES A MECHANISM TO ESTABLISH AND FINANCE NEW COMMUNITY PROGRAMS TO MEET CRUCIAL AND CHANGING NEEDS. 0 0 714096 168726 43065 THE FOUNDATION PROVIDES SUPPORT TO THE BUSINESS COMMUNITY THROUGH THE WORK OF THE LANCASTER CHAMBER, PROVIDING FUNDING FOR SPECIFIC TARGETED PROGRAMS. IN 2024, THE FOUNDATION'S FOCUS WAS ON WORKFORCE PRIORITIES; THE FOUNDATION IS COMMITTED TO AN EMPLOYER-PARTNERED APPROACH TO ADDRESS EXISTING WORKFORCE CHALLENGES, STRENGTHEN CURRENT INITIATIVES AND ANTICIPATE FUTURE TRENDS. 170 COMMUNITY MEMBERS ENGAGED WITH ACHIEVE, A DEGREE COMPLETION PROGRAM. IN 2024, 54 STUDENTS ACHIEVED DEGREE COMPLETION. 155 STUDENTS ENGAGED WITH OUR DISCOVERING PATHS MENTORING PROGRAM WHICH PAIRS STUDENTS WITH A ONE-TO-ONE MENTOR WHO ATTEND MONTHLY SESSIONS THROUGHOUT THE SCHOOL YEAR, EXAMINING INDUSTRIES WHILE DEVELOPING CRUCIAL SELF-AWARENESS, COMMUNICATION, AND COLLABORATION SKILLS. THE FOUNDATION WORKED ON TALENT FOR TOMORROW INITIATIVE THAT ADDRESSED THE DIRECT CARE WORKER SHORTAGE IN LANCASTER COUNTY. THE PROGRAM WILL FOCUS ON STRATEGIC RECRUITMENT, SKILLS ADVANCEMENT, AND COLLABORATION WITH EDUCATIONAL AND COMMUNITY PARTNERS TO STRENGTHEN THE LOCAL HEALTHCARE WORKFORCE. THE CULTIVATE PROGRAM CONTINUED IN 2024, WHICH INFORMS, NAVIGATES, CONNECTS AND COORDINATES ENTREPRENEURS WITH BUSINESS RESOURCE PROVIDERS TO ACHIEVE PROSPERITY AND EQUITABLE ECONOMIC GROWTH ACROSS LANCASTER COUNTY. THE TANDEM PROGRAM WHICH OFFERS PATHWAYS FOR BUSINESS SUCCESS THROUGH PROFIT SHARING AND DIRECT EMPLOYEE OWNERSHIP THAT LEADS TO SHARED PROSPERITY AND STRONGER COMMUNITIES. 714096 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 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 1 0 0 0 1 5 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X JULIE HOUCK DIRECTOR OF FINANCE 7173973531 115 EAST KING STREET LANCASTER PA 17602 DONNA KREISER CHAIR 0.50 6.00 X 0 0 0 J SEROKY DIRECTOR 0.50 6.00 X X 0 0 0 ERIC WENGER TREASURER 0.50 6.00 X 0 0 0 MIGUEL NISTAL DIRECTOR 0.50 6.00 X 0 0 0 HEATHER VALUDES PRESIDENT/CEO 1.00 36.50 X X 0 180304 33429 VANESSA PHILBERT DIRECTOR 0.50 6.00 X 0 0 0 STACY WHISEL DIRECTOR 0.50 6.00 X 0 0 0 JULIE HOUCK DIRECTOR OF FINANCE 1.00 36.50 X 0 81259 21259 THOMAS WALLACE DIRECTOR OF BUSINESS DEVELOPMENT 1.00 36.50 X 0 103165 11984 0 364728 66672 0 0 1 0 0 129349 255893 385242 CULTIVATE REVENUE 541900 21376 21376 TANDEM REVENUE 541900 20810 20810 CIVIC BEE REVENUE 541900 879 879 43065 2743 2743 124000 55578 68422 68422 68422 1000 -1000 -1000 -1000 FORGIVENESS OF DEBT 900099 1720687 1720687 1720687 2219159 43065 0 1790852 168726 168726 113350 88414 3400 21536 10514 8201 315 1998 14437 11261 433 2743 11399 8891 342 2166 1724 931 776 17 69944 37769 31475 700 68635 52579 16056 4431 3643 770 18 2482 1340 1117 25 3145 1698 1415 32 341221 298992 42229 PROGRAM EXPENSES 60702 31651 27949 1102 PA REGISTRATION 150 0 150 0 870860 714096 110371 46393 45527 77264 325509 102015 394 0 0 5600 0 1000 8223955 3227017 5321780 4996938 153059 0 6216373 0 12062642 5182817 9209 507213 81814 107777 8453565 0 8544588 614990 X 3407429 4538986 110625 28841 3518054 4567827 12062642 5182817 X 1348299 -298526 X 0 1 X 1 0 X 186372 50024 179865 129677 385242 931180 186372 50024 179865 129677 385242 931180 931180 127983 124000 124000 125279 126743 628005 570 1720687 1721257 3280442 170971 0.28390 0.51320 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: DEBT FORGIVENESS - 2024 AMOUNT: $ 1,720,687. ART SALES - 2022 AMOUNT: $ 570. SCHEDULE A, PART II, LINE 16B: IN 2024, TAX CREDIT PROPERTY WAS TRANSFERRED TO THE ORGANIZATION. THE PROPERTY WAS AT THE END OF ITS TAX CREDIT PERIOD, AND AS TYPICAL WITH THESE TYPES OF TRANSACTIONS, THERE WAS A SIGNIFICANT CANCELLATION OF DEBT THAT WAS REPORTED ON THE FOUNDATION'S STATEMENT OF REVENUE AS OTHER INCOME. THE AMOUNT, AS IT WAS LARGER THAN THE TYPICAL TOTAL CONTRIBUTIONS, HAD THE EFFECT OF REDUCING THE PUBLIC SUPPORT BELOW THE THRESHOLD FOR MAINTAINING PUBLIC SUPPORT STATUS. THE ORGANIZATION MAINTAINED ITS PUBLIC SUPPORT STATUS AS THIS IS THE FIRST YEAR THE CANCELLATION OF DEBT INCOME HAS BEEN REPORTED. FOR THE NEXT FOUR YEARS, THIS INCOME MAY CAUSE THE ORGANIZATION TO REPORT ON ITS PUBLIC SUPPORT USING THE "FACTS AND CIRCUMSTANCES" METHOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 159313 159313 7260630 2525931 4734699 48396 36676 11720 755616 664410 91206 4996938 1976602 -298135 -298135 2274737 -55578 -55578 2219159 926832 55972 55972 870860 0 870860 PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY TRANSFER -298,135. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -55,578. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 55,578. BAD DEBT RECOVERED - PLEDGES 394. 0 LANCASTER CHAMBER OF COMMERCE & INDUSTRY 115 EAST KING STREET LANCASTER PA 17602 232095463 501(C)(6) 168726 0 VARIOUS COMMUNITY PROGRAMS 0 1 PART I, LINE 2: GRANT FUNDS ARE PASSED THROUGH TO A RELATED ORGANIZATION WHICH USES THE FUNDS FOR COMMUNITY INITIATIVES IN SUPPORT OF THE ORGANIZATION'S MISSION. 0 0 0 0 0 0 0 0 0 HEATHER VALUDES PRESIDENT/CEO 0 160304 0 8000 0 12000 0 15925 0 17504 0 213733 0 0 PART I, LINE 3 A RELATED ORGANIZATION, LANCASTER CHAMBER OF COMMERCE & INDUSTRY, USES A COMPENSATION COMMITTEE AND COMPENSATION SURVEYS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE ORGANIZATION'S FINANCE DIRECTOR AND EXECUTIVE DIRECTOR. ONCE THE PRIMARY REVIEW IS COMPLETE, COPIES OF THE FORM 990 ARE MADE AVAILABLE TO THE BOARD PRIOR TO FILING. IN ADDITION, FORM 990 SHALL AT ALL TIMES BE AVAILABLE FOR INSPECTION BY THE PUBLIC WITHIN THE OFFICES OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS OF THE ORGANIZATION, WHICH INCLUDES EX-OFFICIO MEMBERS AND THE PRESIDENT/CEO AND VICE PRESIDENT/COO, ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. EACH COVERED PERSON IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY AND DISCLOSE 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 OR THE VICE PRESIDENT/COO. DURING THE YEAR THE COVERED INDIVIDUALS MUST DISCLOSE TO THE BOARD, PRESIDENT/CEO AND/OR VICE PRESIDENT/COO 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/OR VICE PRESIDENT/COO 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 C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND CONSOLIDATED AUDIT REPORT AVAILABLE UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE OFFICE OF THE ORGANIZATION. FORM 990, PART XI, LINE 9: BAD DEBTS RECOVERED- PLEDGES -394. NET ASSET TRANSFER -298,135. ROUNDING 3. THE LANCASTER CHAMBER OF COMMERCE 115 EAST KING STREET LANCASTER PA 17602 232095463 COMMUNITY BUILDING PA 501(C)(6) 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 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0