2025-09-09T12:58:46-05:00 2024-12-31 231311005 BOYER & RITTER LLC 1600 UNIVERSITY DRIVE STATE COLLEGE PA 16801 990 2024-01-01 251196048 CHAMBER OF BUSINESS & INDUSTRY OF CENTRE CHAM 8142341829 131 S FRASER STREET 1 STATE COLLEGE PA 16801 GREG SCOTT PRESIDENT/CEO 8142341829 2025-08-06 1 0 ROMULUS C COMLY CPA P01214142 8142346919 2024 2025-03-06 01:10:19Z GREG SCOTT 131 S FRASER STREET 1 STATE COLLEGE PA 16801 2979177 0 X WWW.CBICC.ORG X 1952 PA TO PROMOTE THE WELL-BEING AND GROWTH OF COMMERCE, BUSINESS AND INDUSTRY, WHILE STRIVING TO MAINTAIN A HIGH QUALITY OF LIFE IN CENTRE COUNTY. 22 22 8 20 0 0 655928 881094 272991 223057 415472 205411 23739 20400 1368130 1329962 0 0 0 0 565929 612249 0 0 0 415269 502586 981198 1114835 386932 215127 4508609 4627407 1046614 863525 3461995 3763882 TO PROMOTE THE WELL-BEING AND GROWTH OF COMMERCE, BUSINESS AND INDUSTRY, WHILE STRIVING TO MAINTAIN A HIGH QUALITY OF LIFE IN CENTRE COUNTY. 0 0 ACTIVELY PROMOTE THE BUSINESS BASE OF CENTRE COUNTY AND THE SURROUNDING AREA. ASSISTING, ENCOURAGING, AND PROMOTING PROPOSED OR PROJECTED BUSINESS DEVELOPMENT. OPERATE CHAMBER OF COMMERCE FOR CENTRAL PENNSYLVANIA BUSINESS MEMBERSHIP (977 TOTAL) MEMBERS. PROVIDE TRAINING, PROGRAMS, NETWORK EVENTS, PUBLICATIONS, COMMON SERVICES, ADVERTISING, WEBSITE PROMOTION AND OTHER PROGRAM RELATED ACTIVITIES FOR MEMBERS. 0 1 0 1 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 10 0 8 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 X PRESIDENTCEO 8142341829 131 S FRASER ST STATE COLLEGE PA 16801 ADAM BRUMBAUGH MEMBER 1.00 X 0 0 0 GREGORY HAYES MEMBER 1.00 X 0 0 0 CHERYL JOHNSON TREASURER 2.00 X X 0 0 0 ALISON KURTZ MEMBER 1.00 X 0 0 0 ELLEN KLINE MEMBER 1.00 X 0 0 0 CHRIS MAGENT MEMBER 1.00 X 0 0 0 JOHN RODGERS MEMBER 1.00 X 0 0 0 DUANE BULLOCK MEMBER 1.00 X 0 0 0 CURTIS JOHNSON MEMBER 1.00 X 0 0 0 O J JOHNSTON CHAIR 4.00 X X 0 0 0 TERESA SPARACINO MEMBER 1.00 X 0 0 0 TOM FOUNTAINE MEMBER 1.00 X 0 0 0 JOHN SEPP PAST CHAIR 1.00 X X 0 0 0 CRISTIN LONG MEMBER 1.00 X 0 0 0 TOM CHARLES MEMBER 1.00 X 0 0 0 SARAH THORNDIKE SECRETARY 2.00 X X 0 0 0 MARK HIGGINS MEMBER 1.00 X 0 0 0 ZACK MOORE MEMBER 1.00 X 0 0 0 KIRK THOMAS VICE CHAIR 2.00 X X 0 0 0 GREG SCOTT PRESIDENT/CEO 40.00 X X 176827 0 0 FRITZ SMITH MEMBER 1.00 X 0 0 0 MATT STUCKEY MEMBER 1.00 X 0 0 0 176827 0 0 1 0 1 0 0 345171 512500 23423 881094 NON-DUES REVENUE 900099 180139 180139 REVOLVING LOAN AND MORTGAGE INTER 522291 42918 42918 223057 87413 87413 1740974 1622976 117998 117998 117998 46639 512500 26239 20400 20400 1329962 223057 0 225811 176827 328302 28320 38262 40538 192 41122 99930 36810 27631 24734 58030 27692 33848 26524 9053 EVENT & PROGRAM EXPENSE 90820 BANK FEES 25623 BAD DEBT EXPENSE-NET OF 577 1114835 559352 470229 67458 156163 501257 1164364 5290 7506 618115 327769 348012 290346 2092383 2311520 934857 227279 4508609 4627407 231598 160483 63329 2375 208041 624081 543646 76586 1046614 863525 X 3461995 3763882 3461995 3763882 4508609 4627407 215127 86760 0 X X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 428024 182688 245336 190091 145081 45010 290346 LONG TERM LOANS PAYABLE 76586 76586 X PART IV, LINE 2B: THE ORGANIZATION MAY COLLECT LAND OPTION DEPOSITS FROM THOSE INDIVIDUALS/ENTITIES THAT ARE INTERESTED IN PURCHASING A PARCEL OF LAND THAT, UNDER THE TERMS OF THE SALE/PURCHASE AGREEMENT, MAY BE REFUNDED TO THE PURCHASER IF THE OPTION IS NOT EXERCISED. PART X, LINE 2: THE CHAMBER IS EXEMPT FROM FEDERAL INCOME TAXES AS AN ORGANIZATION DESCRIBED UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(6), EXCEPT FOR NET INCOME DERIVED FROM UNRELATED, BUSINESS ACTIVITIES, IF ANY. MANAGEMENT IS REQUIRED TO EVALUATE THE CHAMBER'S TAX POSITIONS TO COMPLY WITH EXISTING, ACCOUNTING GUIDANCE CONCERNING UNCERTAIN TAX POSITIONS TAKEN IN PREVIOUSLY FILED RETURNS. MANAGEMENT BELIEVES THAT THE CHAMBER HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT MAY REQUIRE DISCLOSURE IN OR REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. GOLF TOURNAMENT 46639 46639 26239 CCEDP CAMPAIGN 512500 512500 559139 512500 46639 26239 26239 20400 0 0 0 GREG SCOTT PRESIDENT/CEO 156827 0 20000 0 0 0 0 0 0 0 176827 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS FIVE CATEGORIES OF MEMBERS: (1) RETAIL/MERCANTILE, (2)SERVICE/PROFESSIONAL, (3) INDUSTRIAL/MANUFACTURING, (4) GOVERNMENT, AND (5) NON-PROFIT. MEMEBERS MAY HOLD ONLY ONE CLASS OF MEMBERSHIP AT ANY ONE TIME. MEMBERS ARE ENTITLED TO ONE VOTE ON EACH MATTER SUMBITTED FOR VOTE TO THE MEMBERS OF THE ORGANIZATIION. FORM 990, PART VI, SECTION A, LINE 7A AT THE ANNUAL MEETING, WHICH IS HELD IN DECEMBER, ALL MEMBERS ARE ELIGIBLE TO VOTE FOR ALL CANDIDATES NOMINATED FOR ELECTION TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT/CEO PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FINAL FORM 990, AS FILED WITH THE INTERNAL REVENUE SERVICE, IS MADE AVAILABLE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD CONDUCTS NEW BOARD MEMBER ORIENTATION EACH YEAR FOR NEW MEMBERS WHERE THE CONFLICT OF INTEREST POLICY IS REVIEWED. EACH MEETING OF THE BOARD AND THE EXECUTIVE COMMITTEE INCLUDES THE OPPORTUNITY TO PRESENT COMMENTS/QUESTIONS ON POSSIBLE CONFLICT OF INTEREST BY THE STAFF OR OTHER BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE CONDUCTS BENCHMARK SALARY ASSESSMENT FOR ALL CHAMBER POSITIONS BI-ANNUALLY, USING BOTH LOCAL AND NATIONAL DATA FOR COMPARISON. THE COMPENSATION OF THE PRESIDENT/CEO IS SET BY THE BOARD AFTER REVIEW OF THE ORGANIZATIONAL PERFORMACE GOALS AND APPROVAL OF THE ANNUAL BUDGET. STAFF COMPENSATION IS SET BY THE PRESIDENT/CEO WITH THE ADVICE OF THE HUMAN RESOURCES COMMITTEE, THE VICE PRESIDENT OF FINANCE, AND THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. ALL COMPENSATION CHANGES ARE APPROVED IN AN ANNUAL BUDGET PRIOR TO THE START OF EACH FISCAL/CALENDER YEAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE CHAMBER OFFICE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. CENTRE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 131 S FRASER ST SUITE 1 STATE COLLEGE PA 16803 251196048 ECONOMIC DEVELOPMENT PA 501(C)(6) 0 CHAMBER FOUNDATION OF CENTRE COUNTY 131 S FRASER ST SUITE 1 STATE COLLEGE PA 16803 651183308 FOUNDATION PA 501(C)(3) LINE 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0