Form 990 for tax year 2022
Filed by CAPITAL REGION CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $6,222,232
- Total expenses
- $5,339,279
- Contributions and grants received
- $2,893,673
- Grants paid
- $2,748
- Program service revenue
- $3,109,984
- Investment income
- $118,575
- Other revenue
- $100,000
- Total assets, end of year
- $15,002,157
- Total liabilities, end of year
- $2,918,496
- Net assets or fund balances, end of year
- $12,083,661
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,042,812
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$2,549,323
-
1e · Government grants (contributions)
$344,350
-
2a · Program service revenue: MEMBER SERVICES
total $2,431,120 · related or exempt $2,431,120
-
2b · Program service revenue: BUSINESS GROWTH
total $306,253 · related or exempt $306,253
-
2c · Program service revenue: TALENT
total $231,955 · related or exempt $231,955
-
2d · Program service revenue: LOAN INTEREST INCOME
total $103,085 · related or exempt $103,085
-
2e · Program service revenue: ADVOCACY
total $37,571 · related or exempt $37,571
-
3 · Investment income
total $90,533 · related or exempt $90,533
-
7a · Gross sales of assets other than inventory
securities $297,329 · other assets $8,578
-
7b · Less cost or other basis and sales expenses
securities $277,865
-
7c · Gain or loss
securities $19,464 · other assets $8,578
-
7d · Net gain or loss
total $28,042 · related or exempt $28,042
-
11a · Other revenue: OTHER REVENUE
total $100,000 · related or exempt $100,000
-
11e · Other revenue, total
$100,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,748
-
5 · Compensation of officers, directors and key employees
total $524,734
-
7 · Other salaries and wages
total $2,275,346
-
8 · Pension plan contributions
total $159,630
-
9 · Other employee benefits
total $185,568
-
10 · Payroll taxes
total $218,170
-
11b · Fees: legal
total $10,773
-
11c · Fees: accounting
total $73,053
-
11f · Fees: investment management
total $24,528
-
11g · Fees: other
total $147,855
-
12 · Advertising and promotion
total $18,201
-
13 · Office expenses
total $118,653
-
14 · Information technology
total $336,490
-
16 · Occupancy
total $462,603
-
17 · Travel
total $12,716
-
19 · Conferences, conventions and meetings
total $287,734
-
22 · Depreciation, depletion and amortization
total $34,707
-
23 · Insurance
total $22,573
-
24a · Other expenses: ADMINISTRATIVE FEES
total $207,126
-
24b · Other expenses: INTERCOMPANY EXPENSE
total $189,054
-
24c · Other expenses: LOAN PROCESSING FEES
total $27,047
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $21,501
-
24e · All other expenses
total -$21,531
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,745,610 · end of year $2,395,021
-
2 · Savings and temporary cash investments
beginning of year $519,594 · end of year $378,943
-
3 · Pledges and grants receivable
beginning of year $49,387 · end of year $77,636
-
4 · Accounts receivable
beginning of year $3,104 · end of year $110,168
-
9 · Prepaid expenses and deferred charges
beginning of year $54,773 · end of year $38,655
-
10a · Land, buildings and equipment: cost or other basis
$726,465
-
10b · Land, buildings and equipment: accumulated depreciation
$598,545
-
10c · Land, buildings and equipment, net
beginning of year $114,757 · end of year $127,920
-
11 · Investments: publicly traded securities
beginning of year $3,309,212 · end of year $3,653,771
-
15 · Other assets
beginning of year $7,711,950 · end of year $8,220,043
-
17 · Accounts payable and accrued expenses
beginning of year $253,164 · end of year $362,264
-
19 · Deferred revenue
beginning of year $666,985 · end of year $735,176
-
25 · Other liabilities
beginning of year $876,082 · end of year $1,821,056
-
27 · Net assets without donor restrictions
beginning of year $3,921,190 · end of year $4,049,431
-
28 · Net assets with donor restrictions
beginning of year $7,790,966 · end of year $8,034,230
Mission and programs · 2022
Mission
THE MISSION OF THE CAPITAL REGION CHAMBER OF COMMERCE, INC. IS TO BE A UNIFYING FORCE FOR PROGRESS, LEADING OPPORTUNITIES FOR BUSINESSES TO SUCCEED, AND FOR PEOPLE AND OUR COMMUNITIES TO PROSPER.
-
MEMBER SERVICES - SERVE THE DIVERSE INTERESTS OF MEMBER BUSINESSES BY PROVIDING RELEVANT PROGRAMS, SERVICES AND BENEFITS.
Expenses $1,276,388 · Revenue $2,431,120
-
PEOPLE/WORKFORCE DEVELOPMENT -SUPPORT BUSINESSES TO ATTRACT AND DEVELOP THEIR HUMAN CAPITAL; THIS INCLUDES EDUCATION/WORKFORCE DEVELOPMENT, DIVERSITY AND INCLUSION, YOUNG PROFESSIONALS NETWORK, AND LEADERSHIP CAPITAL REGION.
Expenses $200,027 · Revenue $231,955
-
BUSINESS GROWTH - PROVIDE RESOURCES TO FUEL GROWTH INCLUDING TECHNICAL ASSISTANCE, LOAN PROGRAMS AND ENTREPRENEURIAL START-UP SUPPORT.
Expenses $350,816 · Grants $2,748 · Revenue $409,338
-
ADVOCACY - PROVIDE LEADERSHIP AND A UNITED VOICE TO ASSERTIVELY ADVOCATE ON ISSUES, POLICIES AND PROJECTS THAT WILL IMPROVE THE BUSINESS CLIMATE AND ENHANCE THE COMPETITIVENESS AND ECONOMIC VITALITY OF THE REGION.
Expenses $215,581 · Revenue $37,571
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeffrey BuellJEFFREY BUELL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea CrisafulliANDREA CRISAFULLI
CHAIR-ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Christopher CannucciariCHRISTOPHER CANNUCCIARI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
David R Harris PhDDAVID R HARRIS PHD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ruth MahoneyRUTH MAHONEY
IMMEDIATE PA
- Total calculated
- $0
- Hours/week
- 1
-
Raimundo ArchiboldRAIMUNDO ARCHIBOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa S Avila PhDLISA S AVILA PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carm BasileCARM BASILE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela BeddoeANGELA BEDDOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John D Bennett MDJOHN D BENNETT MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter BenyonPETER BENYON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth BeshawBETH BESHAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony CarnevaleANTHONY CARNEVALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen Carpenter-PalumboKAREN CARPENTER-PALUMBO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sujata ChaudhrySUJATA CHAUDHRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Antonio CivitellaANTONIO CIVITELLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carmine Decrescente IIICARMINE DECRESCENTE III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David DemarcoDAVID DEMARCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher DowdCHRISTOPHER DOWD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David HannoushDAVID HANNOUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard HendrickRICHARD HENDRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darrin JahnelDARRIN JAHNEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer LawrenceJENNIFER LAWRENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kirk LewisKIRK LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anne McEnteeANNE MCENTEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul A MiltonPAUL A MILTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Willie Miranda JrWILLIE MIRANDA JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sabrina MosseauSABRINA MOSSEAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen J ObermayerSTEPHEN J OBERMAYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jaime OrtizJAIME ORTIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heather A PetersonHEATHER A PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura PoltynskiLAURA POLTYNSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roger Ramsammy PhDROGER RAMSAMMY PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer RaoJENNIFER RAO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John RobinsonJOHN ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
L Oliver Robinson PhDL OLIVER ROBINSON PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dean Skarlis PhDDEAN SKARLIS PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth SobolELIZABETH SOBOL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott D StevensSCOTT D STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Walter ThorneWALTER THORNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle WildgrubeMICHELLE WILDGRUBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael YorkMICHAEL YORK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark N EaganMARK N EAGAN
PRESIDENT &
- Total calculated
- $455,171
- From this org
- $404,076
- From related orgs
- $0
- Other
- $51,095
- Hours/week
- 28 + 17 related
Schedule J breakdown matched by us
- Base
- $373,223
- Bonus
- $30,853
- Other
- not reported
- Deferred
- $23,200
- Nontaxable benefits
- $27,895
- Filer's total
- $455,171
-
Christine A HolleCHRISTINE A HOLLE
VP, FINANCE
- Total calculated
- $130,943
- From this org
- $120,658
- From related orgs
- $0
- Other
- $10,285
- Hours/week
- 21 + 24 related
-
Peter P BarduniasPETER P BARDUNIAS
SENIOR VP,ME
- Total calculated
- $130,240
- From this org
- $119,833
- From related orgs
- $0
- Other
- $10,407
- Hours/week
- 39 + 1 related
-
Thomas J BellTHOMAS J BELL
PROJECT DIR.
- Total calculated
- $122,269
- From this org
- $113,018
- From related orgs
- $0
- Other
- $9,251
- Hours/week
- 0 + 40 related
-
Laura E MannLAURA E MANN
VP, BUS. RE
- Total calculated
- $129,204
- From this org
- $110,301
- From related orgs
- $0
- Other
- $18,903
- Hours/week
- 0 + 40 related
-
Thomas J O'ConnorTHOMAS J O'CONNOR
VP, GOV'T AF
- Total calculated
- $117,315
- From this org
- $107,894
- From related orgs
- $0
- Other
- $9,421
- Hours/week
- 35 + 5 related
-
Katherine J N BelmontKATHERINE J N BELMONT
CHIEF ECON D
- Total calculated
- $169,259
- From this org
- $147,119
- From related orgs
- $0
- Other
- $22,140
- Hours/week
- 0 + 45 related
Schedule J breakdown matched by us
- Base
- $147,119
- Bonus
- not reported
- Other
- not reported
- Deferred
- $11,631
- Nontaxable benefits
- $10,509
- Filer's total
- $169,259
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CAPITAL REGION CHAMBER FOUNDATION
501C3 · EDUCATIONA · NY
-
ALBANY-COLONIE REGIONAL CHAMBER
501C6 · COMM PROG. · NY
-
501C6 · COMM PROG. · NY
-
THE CHAMBER OF SOUTHERN SARATOGA CO
501C6 · COMM PROG. · NY
-
501C6 · ECON GWTH · NY
-
CENTER FOR ECONOMIC GROWTH INC
501C3 · ECON GWTH · NY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
BUSINESS SERVICES CORPORATION
C CORP · BUS GROWTH · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333179349308358
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