The Foundation Of The Lancaster Chamber

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222608944 ✦ Lancaster, PA ✦ Designated as a 501(c)(3)

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Overview

What is The Foundation Of The Lancaster Chamber?

The Foundation of the Lancaster Chamber is a charitable organization that supports the local business community. Based in Lancaster, Pennsylvania, it provides funding for targeted programs, with a focus on workforce initiatives in 2022. Its activities include hosting educational programs, such as the Teacher in the Workplace and the Inspire platform, which offers experiential learning opportunities for students. Additionally, the Discovering Paths mentoring program pairs high school juniors with local mentors. In 2022, the foundation also initiated the Housing Cultivate! project, which aims to connect entrepreneurs with business resource providers to foster prosperity and equitable economic growth in Lancaster County. The Foundation of the Lancaster Chamber serves as a platform for non-profits, providing them with essential educational programs and meeting spaces.


Official website here: www.lancasterchamber.com/about-us/our-fou

Is The Foundation Of The Lancaster Chamber legitimate?

The Foundation Of The Lancaster Chamber is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of The Lancaster Chamber submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lancasterchamber.com/about-us/our-fou

What is the mission statement of The Foundation Of The Lancaster Chamber?

The Foundation of the Lancaster Chamber is established with charitable, educational, and scientific purposes in mind. Its primary mission is to distribute funds to organizations that meet the criteria under Section 501(C)(3) of the Internal Revenue Code of 1954. This foundation serves as a mechanism to establish and finance new community programs, addressing crucial and evolving needs. Furthermore, it offers educational and training programs, and provides meeting space for non-profit organizations.


Official website here: www.lancasterchamber.com/about-us/our-fou

Who is the CEO of The Foundation Of The Lancaster Chamber?

Heather Valudes is the President/Ceo (Until 6/22) of The Foundation Of The Lancaster Chamber. The CEO's salary of The Foundation Of The Lancaster Chamber is $0 and their total compensation is $166,847.


Official website here: www.lancasterchamber.com/about-us/our-fou

What is the revenue of The Foundation Of The Lancaster Chamber?

The Foundation Of The Lancaster Chamber's revenue in 2022 was $210,805.


Official website here: www.lancasterchamber.com/about-us/our-fou

Who are the executives of The Foundation Of The Lancaster Chamber and what are their salaries?

There 110 volunteers at The Foundation Of The Lancaster Chamber.


Here are 8 key members and their salaries (The Foundation Of The Lancaster Chamber's CEO's salary is $0 and their total compensation is $166,847):


Thomas T Baldrige (President/Ceo (Until 6/22))
  • Compensation: $0
  • Related: $138,339
  • Other: $28,508
Robert C Shoemaker (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanne Judge (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanne B Ladley (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Decker Esq (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Valudes (President/Ceo)
  • Compensation: $0
  • Related: $137,333
  • Other: $31,668
Steven Progin (Finance Director (Until 11/22))
  • Compensation: $0
  • Related: $77,251
  • Other: $20,626
Julie Houck (Director Of Finance)
  • Compensation: $0
  • Related: $52,836
  • Other: $18,880


Official website here: www.lancasterchamber.com/about-us/our-fou

Where can I find the form 990 for The Foundation Of The Lancaster Chamber?

The Foundation Of The Lancaster Chamber's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lancasterchamber.com/about-us/our-fou

Learn more at the official website: www.lancasterchamber.com/about-us/our-fou

Mission Statement of The Foundation Of The Lancaster Chamber

The Foundation of the Lancaster Chamber is established with a mission that is exclusively focused on charitable, educational, and scientific purposes. This organization serves as a platform, distributing funds to organizations that qualify under Section 501(C)(3) of the Internal Revenue Code of 1954. The Foundation's primary objective is to establish and finance new community programs, addressing the crucial and evolving needs in the community. It seeks to provide a mechanism that bridges the gap between resources and community demands, ensuring that essential services are readily available when needed.

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Impact




October, 2024

The Foundation of the Lancaster Chamber significantly impacts the local business community and educational landscape through targeted initiatives and support programs. By providing educational and training programs, the Foundation fosters workforce development, which has become particularly crucial in recent years.

In 2022, the Foundation concentrated on workforce initiatives, exemplified by the Teacher in the Workplace program, which bridges the gap between education and industry. This program allows educators to gain insights into real-world business practices, enhancing their ability to prepare students for future careers. Additionally, the Inspire platform engaged 83 businesses to facilitate experiential learning opportunities for students throughout Lancaster County, enriching their educational experience and career readiness.

The Discovering Paths mentoring program paired 110 high school juniors with mentors, fostering personal and professional development and helping students navigate their future career paths. Furthermore, the Foundation initiated the Housing Cultivate! project, which connects entrepreneurs with essential business resources, promoting economic growth and prosperity in the region.

Through these efforts, the Foundation plays a crucial role in equipping individuals and businesses with the tools they need to thrive, ultimately contributing to a stronger and more equitable economic landscape in Lancaster County.




This information is meant to be a general summary of The Foundation Of The Lancaster Chamber. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$210,805 (2022)
Expenses
$508,096 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $304,435

Assets and Liabilities:

  • Total Assets: $12,309,323
  • Total Liabilities: $8,425,486
  • Net Assets: $3,883,837

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Organization Details

Founding Year

1985

Principal Officer

Heather Valudes

Main Address

115 EAST KING STREET, LANCASTER, PA, 17602

NTEE Category

Code: T30 - Philanthropy

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