PENNSYLVANIA CHAMBER OF BUSINESS AND INDUSTRY EDUCATIONAL FOUNDATION

EIN: 251636785 501(c)(3) Unknown

HARRISBURG, PA

Total Revenue
$242,673
Total Expenses
$154,874
Total Assets
$1,052,231
Net Assets
$1,024,184
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
PA
Principal Officer
JEWELL LESTER
Phone
7172553252
Tax Period
2023-01-01 to 2023-12-31

PENNSYLVANIA CHAMBER OF BUSINESS AND INDUSTRY EDUCATIONAL FOUNDATION, founded in 1990, is a small nonprofit in the Unknown sector that reported $243K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $88K, a strong 36% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $150,160 Revenue: $4,160

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...

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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 2023, THE PA CHAMBER EDUCATIONAL FOUNDATION HOSTED AN ANNUAL ECONOMIC SUMMIT FORECAST. THIS EVENT WAS DESIGNED FOR COMPANY PRESIDENTS, EXECUTIVE OFFICERS, BUSINESS OWNERS, FINANCIAL OFFICERS, TREASURERS, BOARD MEMBERS AND INVESTORS. THIS EVENT PRESENTED SOME OF THE NATION'S MOST RESPECTED ECONOMIC FORECASTERS, ANALYSTS AND INNOVATION FUTURISTS WHO PROVIDED INSIGHTS TO HELP BUSINESS LEADERS UNDERSTAND THE DETAILS OF THE CURRENT ECONOMY AND PREPARE FOR WHAT IS EXPECTED IN THE FUTURE.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 2023, THE PENNSYLVANIA CHAMBER EDUCATIONAL FOUNDATION WAS PROUD TO PARTNER WITH THE U.S. CHAMBER OF COMMERCE FOUNDATION AND CHAMBERS OF COMMERCE THROUGHOUT PENNSYLVANIA TO HOST THE FIRST-EVER STATEWIDE CIVICS COMPETITION. THE PENNSYLVANIA CIVICS BEE IS AFFILIATED WITH 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 GIVES STUDENTS THE CHANCE 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 HAS SINCE BEEN INVITED TO COMPETE IN THE INAUGURAL NATIONAL CIVICS BEE NATIONAL CHAMPIONSHIP, WHICH WILL TAKE PLACE IN WASHINGTON, D.C., IN FALL 2024.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $222,014
Program Service Revenue $4,160
Investment Income $23,955
Other Revenue $-7,456
TOTAL REVENUE $242,673

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $150,160
Other Expenses $154,874
TOTAL EXPENSES $154,874

Year-over-Year Comparison

2023 2022 Change
Revenue $242,673 $315,930 -0.2%
Expenses $154,874 $439,193 -0.6%
Net Income $87,799 $-123,263 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$1,247,761
Total Directors
9
$776,133
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR LUKE BERNSTEIN PRESIDENT 1.00
Officer Director
$0 $26,127 $699,905
MS JEWELL LESTER VICE PRESIDENT 1.00
Officer
$0 $16,976 $254,248
MR SETH KEITER TREASURER 1.00
Officer
$0 $16,507 $125,213
MS CARISSA BURGETT SECRETARY 1.00
Officer
$0 $2,627 $92,167
MS ELIZABATH BOLDEN BOARD UNTIL 7/23; EXECUTIVE DIRECTOR 41.25
Officer Director
$0 $5,039 $76,228
MR RICHARD EHST CHAIRMAN 1.00
Officer Director
$0 $0 $0
MR J GARY LANGMUIR VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MR DAVID KERR BOARD MEMBER 1.00
Director
$0 $0 $0
MR MARC LUCCA BOARD MEMBER 1.00
Director
$0 $0 $0
MR DAVID TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
MR JOHN LAWN BOARD MEMBER 1.00
Director
$0 $0 $0
MR DANIEL ONORATO BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $242,673 $154,874 $1,052,231 $87,799
2022 $315,930 $439,193 $947,705 $-123,263
2021 $1,091,228 $263,143 $1,082,457 $828,085
2020 $147,511 $223,757 $262,335 $-76,246
2019 $313,021 $187,076 $431,091 $125,945
2018 $90,804 $111,469 $369,855 $-20,665
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