Punxsutawney Chamber Of Commerce in Punxsutawney, Pennsylvania (PA)

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Punxsutawney Chamber Of Commerce
Employer Identification Number (EIN)250741683
Name of OrganizationPunxsutawney Chamber Of Commerce
Address102 W Mahoning St, Punxsutawney, PA 15767-2017
ActivitiesBusiness promotion (chamber of commerce, business league, etc.), Other activity aimed t combating community deterioration, Loans or credit reporting
SubsectionChamber of Commerce
Ruling Date08/1949
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$148,360
Amount of Income$290,170
Form 990 Revenue Amount$290,170

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$290,170
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$145,004
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$374
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$3,586
Gross income from fundraising events$18,429
Less: direct expenses$14,843
Net income from gaming activities$0
Net income from sales of inventory$141,206
Gross sales of inventory, less returns and allowances$312,007
Less: cost of goods sold$170,801
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$280,835
Compensation of current officers, directors, trustees, and key employees$25,443
Other salaries and wages$53,796
Payroll taxes$7,556
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$148,360
Total liabilities$61,253
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$87,107
Retained earnings, endowment, accumulated income, or other funds$87,107
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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