Overview
What is Greater Reading Chamber & Economic Development Corporation?
Greater Reading Chamber & Economic Development Corporation, situated in Reading, Pennsylvania, is a nonprofit organization with a mission to serve the local business community and drive economic growth in Berks County. By combining the management and coordination of activities and resources from GBDF and GRCCI, they aim to foster business support and economic development. Their efforts encompass a range of services, including the management and enhancement of resources to bolster the local economy. With a dedicated workforce of 24 individuals, Greater Reading Chamber & Economic Development Corporation plays an integral role in the prosperity of Berks County businesses.
Official website here: www.greaterreading.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Greater Reading Chamber & Economic Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The organization scored exceptionally well on various metrics, including having 100% independent board members and a low liabilities to assets ratio, which reflects a solid financial position.
The organization also demonstrates thorough governance practices, with policies in place for conflicts of interest, whistleblowing, and document retention. Their program expense ratio is high at nearly 88%, suggesting that a significant portion of their resources is directed towards their programs rather than administrative costs, which is a positive indicator for potential donors.
While the rating is highly favorable, the data primarily emphasizes financial metrics and governance policies. There is limited information regarding the impact or effectiveness of their programs, which may be a consideration for those looking to understand the broader outcomes of their initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Reading Chamber & Economic Development Corporation legitimate?
Greater Reading Chamber & Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Reading Chamber & Economic Development Corporation 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: $323,444
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,421,231
For more financial information, click here
Official website here: www.greaterreading.org
What is the mission statement of Greater Reading Chamber & Economic Development Corporation?
The Greater Reading Chamber & Economic Development Corporation's mission is centered around serving businesses in Berks County. Their goal is to foster economic development and growth by effectively managing and coordinating activities and resources from two organizations, GBDF and GRCCI. This collaborative approach aims to provide comprehensive business support, contributing to the overall growth and prosperity of Berks County's economy.
Official website here: www.greaterreading.org
Who is the CEO of Greater Reading Chamber & Economic Development Corporation?
James W Gerlach is the CEO of Greater Reading Chamber & Economic Development Corporation The CEO's salary of Greater Reading Chamber & Economic Development Corporation is $304,341 and their total compensation is $322,601.
Official website here: www.greaterreading.org
What is the revenue of Greater Reading Chamber & Economic Development Corporation?
Greater Reading Chamber & Economic Development Corporation's revenue in 2023 was $3,035,485.
Official website here: www.greaterreading.org
Who are the executives of Greater Reading Chamber & Economic Development Corporation and what are their salaries?
The average compensation at Greater Reading Chamber & Economic Development Corporation during 2023 was $79,303. There are 22 employees and 21 volunteers at Greater Reading Chamber & Economic Development Corporation.
Here are 21 key members and their salaries (Greater Reading Chamber & Economic Development Corporation's CEO's salary is $304,341 and their total compensation is $322,601):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $304,341
- Related: $0
- Other: $18,260
- Compensation: $162,334
- Related: $0
- Other: $25,070
- Compensation: $160,422
- Related: $0
- Other: $16,454
Official website here: www.greaterreading.org
Where can I find the form 990 for Greater Reading Chamber & Economic Development Corporation?
Greater Reading Chamber & Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.greaterreading.org
Learn more at the official website: www.greaterreading.org
Mission Statement of Greater Reading Chamber & Economic Development Corporation
The Greater Reading Chamber & Economic Development Corporation is committed to serving the businesses of Berks County, with a primary focus on fostering economic development and growth. They achieve this by coordinating and managing the activities and resources of two key organizations: the Greater Berks Development Fund (GBDF) and the Greater Reading Chamber of Commerce & Industry (GRCCI). This collective effort aims to support local businesses and contribute to the economic growth of the region. By successfully managing and coordinating these resources, the Greater Reading Chamber & Economic Development Corporation plays a significant role in bolstering the economic landscape of Berks County.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Greater Reading Chamber & Economic Development Corporation plays a vital role in fostering economic development and growth in Berks County. By managing and coordinating activities and resources aimed at supporting businesses in the region, this organization facilitates the creation of opportunities for local businesses to thrive. Its impact extends beyond the business community, contributing to the overall improvement of the community as a whole. Through its efforts, the Greater Reading Chamber & Economic Development Corporation actively supports the sustainable growth and prosperity of Berks County, Pennsylvania.
This information is meant to be a general summary of Greater Reading Chamber & Economic Development Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $24,115
- Program Service Revenue: $1,981,649
- Gross Receipts: $3,035,485
Assets and Liabilities:
- Total Assets: $2,690,976
- Total Liabilities: $270,543
- Net Assets: $2,420,433
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE - PAYRO
Revenue
$1,462,660
MANAGEMENT FEE - ADMIN
Revenue
$405,984
ADMIN FEES
Revenue
$113,005
Organization Details
Founding Year
2017
Principal Officer
James Gerlach
Website
www.greaterreading.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Greater Reading Chamber & Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.