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Venango Chamber Foundation

Tax-deductible

Oil City, PA501(c)(3)Since 2022Community DevelopmentEIN 88-3713526Revenue $164K in FY2025

On file with the IRSPo Box 376, 16301-0376 · Oil City, PATax-exempt since Feb 2023Publicly supported charity — 170(b)(1)(A)(vi)

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The Venango Chamber Foundation provides financial support to the leadership, educational and community development activities and programs of the Venango area Chamber of commerce. These programs seek to advance a better future for our county.

501(c)(3) charity; gifts are tax-deductible.
22¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $48K a year · 37% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
22%
of spending
Concern: 22% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $68K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$50K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$164K
+68% vs prior year
Spent
$130K
To programs
22%
Net assets
$97K
By yearFY2024–FY2025
Revenue
$164K
FY2025▲ +68%
Tap a bar for its year
Revenue by fiscal year
FY2024$98K
FY2025$164K
Expenses
$130K
FY2025▲ +275%
Tap a bar for its year
Expenses by fiscal year
FY2024$35K
FY2025$130K
Net assets
$97K
FY2025▲ +54%
Tap a bar for its year
Net assets by fiscal year
FY2024$63K
FY2025$97K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

22 cents of each dollar spent went to programs.

Program services 22% · $28K Management & general 78% · $102K Fundraising 0% · $230

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Dan Flaherty
Board Member
$0Pt VII · Sec A
Jeannine Henry
Board Member
$0Pt VII · Sec A
Stephanie Keebler
Board Member
$0Pt VII · Sec A
Ann Richer
Board Member
$0Pt VII · Sec A
Ryan Sweeney
Board Member
$0Pt VII · Sec A
Kate Whitling
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Venango Chamber Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports leadership, education, and community development for the county's future.

Questions for Venango Chamber Foundation

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Provided by the organization

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1 program · $28K · in their own filed words · FY2025
01

To provide financial support to the leadership, educational and community development activities and programs of the venango area chamber of commerce. These programs seek to advance a better future for our county.

$28Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
McElhattan FoundationFY2024$50K
Samuel and Edith@justus Charitable TrustFY2024$18K
Total grants receivedfrom 2 funders$68K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$164K
Ln 12
Gifts and grantsLn 1h$164K
Money outPt IX
$130K
Ln 25
Programscol B$28K
Managementcol C$102K
Fundraisingcol D$230
Owns and owesPt X
$97K
net assets · Ln 32
Cash and savingsLn 1–2$147K
Total assetsLn 16$147K
LiabilitiesLn 26$50K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$164K
Government grantsLn 1e$164K
Total revenueLn 12$164K
Assets in detailPt X, end of year
CashLn 1$147K
Cash and savings togetherLn 1–2$147K
Total assetsLn 16$147K
LiabilitiesLn 26$50K
Net assetsLn 32$97K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$113K$147K
Total assetsLn 16$113K$147K
LiabilitiesLn 26$50K$50K
Net assetsLn 32$63K$97K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$87K$87K
Legal feesLn 11b$4K$4K
Advertising and promotionLn 12$11K$11K
Other expenses (24a–d)Ln 24$28K$28K$230
All other expensesLn 24e$100$100
Total functional expensesLn 25$130K$28K$102K$230

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $164K$130K$34K$97K 990 PDF
FY2024 $98K$35K$63K$63K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $164,219 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $97,500$164,219
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $97,500$164,219
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $34,762$130,346
I-18 Total expensesPrior year $34,762$130,346
I-19 Revenue less expensesPrior year $62,738$33,873
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $164,219 across 3 lines filed
VIII-1e Government grants$164,219
VIII-1h Total contributions, gifts and grants$164,219
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$164,219
Part IX · Statement of functional expenses $130,346 across 5 lines filed
IX-11a Management feesManagement $87,000$87,000
IX-11b Legal feesManagement $3,825$3,825
IX-12 Advertising and promotionManagement $11,000$11,000
IX-24 Other expenses (24a–d)Programs $28,191 · Fundraising $230$28,421
IX-24e All other expensesManagement $100$100
IX-25 Total functional expensesPrograms $28,191 · Management $101,925 · Fundraising $230$130,346
Part X · Balance sheet $146,711 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $112,738$146,711
X-16 Total assetsStart of year $112,738$146,711
X-19 Deferred revenueStart of year $50,000$50,000
X-26 Total liabilitiesStart of year $50,000$50,000
X-27 Net assets without donor restrictionsStart of year $62,738$46,711
X-28 Net assets with donor restrictions$50,000
X-32 Total net assets or fund balancesStart of year $62,738$96,711
X-33 Total liabilities and net assetsStart of year $112,738$146,711
Part XI · Reconciliation of net assets $96,711 net assets at year end
XI-1 Total revenue$164,219
XI-2 Total expenses$130,346
XI-3 Revenue less expenses$33,873
XI-4 Net assets at start of year$62,738
XI-8 Prior period adjustments$100
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$96,711

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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