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Nonprofiteer
← RENSSELAER COUNTY REGIONAL CHAMBER OF COMMERCE

Form 990 for tax year 2024

Filed by RENSSELAER COUNTY REGIONAL CHAMBER OF COMMERCE.

Totals

Total revenue
$630,735
Total expenses
$745,788
Contributions and grants received
$19,316
Grants paid
$0
Program service revenue
$575,737
Investment income
$1,087
Other revenue
$34,595
Total assets, end of year
$1,415,513
Total liabilities, end of year
$948,192
Net assets or fund balances, end of year
$467,321
Program services expenses (Part IX)
$432,795
Management and general expenses
$312,993
Fundraising expenses
$0
Program service expenses (Part III)
$432,795

Program services were 58.0% 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.

  • 1e · Government grants (contributions)

    $19,316

  • 2a · Program service revenue: MEMBER SERVICES

    total $462,852 · related or exempt $462,852

  • 2b · Program service revenue: BREAKFAST & LUNCHES

    total $94,669 · related or exempt $94,669

  • 2c · Program service revenue: ECONOMIC DEVELOP PARTN

    total $18,214 · related or exempt $18,214

  • 2d · Program service revenue: OTHER PROGRAMS

    total $2 · related or exempt $2

  • 3 · Investment income

    total $1,087 · excluded $1,087

  • 8a · Fundraising events: gross income

    $236,867

  • 8b · Fundraising events: direct expenses

    $202,272

  • 8c · Net income from fundraising events

    total $34,595 · excluded $34,595

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $317,580 · program services $202,284 · management and general $115,296

  • 9 · Other employee benefits

    total $68,474 · program services $43,601 · management and general $24,873

  • 11b · Fees: legal

    total $1,775 · management and general $1,775

  • 11c · Fees: accounting

    total $58,500 · management and general $58,500

  • 11g · Fees: other

    total $8,605 · management and general $8,605

  • 12 · Advertising and promotion

    total $9,923 · program services $9,923

  • 13 · Office expenses

    total $32,945 · program services $9,806 · management and general $23,139

  • 14 · Information technology

    total $63,183 · program services $33,705 · management and general $29,478

  • 16 · Occupancy

    total $70,991 · program services $37,870 · management and general $33,121

  • 17 · Travel

    total $9,839 · program services $5,249 · management and general $4,590

  • 19 · Conferences, conventions and meetings

    total $11,222 · program services $5,986 · management and general $5,236

  • 20 · Interest

    total $355 · management and general $355

  • 22 · Depreciation, depletion and amortization

    total $8,763 · program services $4,675 · management and general $4,088

  • 23 · Insurance

    total $8,439 · program services $4,502 · management and general $3,937

  • 24a · Other expenses: OTHER EVENT EXPENSE

    total $32,809 · program services $32,809

  • 24b · Other expenses: LEADERSHIP EXPENSE

    total $24,372 · program services $24,372

  • 24c · Other expenses: NEWSLETTER

    total $18,013 · program services $18,013

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $288,812 · end of year $163,058

  • 2 · Savings and temporary cash investments

    beginning of year $437,458 · end of year $438,537

  • 4 · Accounts receivable

    beginning of year $37,426 · end of year $30,780

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,707 · end of year $29,289

  • 10a · Land, buildings and equipment: cost or other basis

    $818,421

  • 10b · Land, buildings and equipment: accumulated depreciation

    $96,518

  • 10c · Land, buildings and equipment, net

    beginning of year $774,654 · end of year $721,903

  • 15 · Other assets

    beginning of year $29,042 · end of year $31,946

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,065 · end of year $49,195

  • 19 · Deferred revenue

    beginning of year $190,776 · end of year $172,195

  • 25 · Other liabilities

    beginning of year $774,788 · end of year $726,802

  • 27 · Net assets without donor restrictions

    beginning of year $532,179 · end of year $417,881

  • 28 · Net assets with donor restrictions

    beginning of year $47,291 · end of year $49,440

Mission and programs · 2024

Mission

THE RENSSELAER COUNTY REGIONAL CHAMBER OF COMMERCE IS A BUSINESS, CIVIC AND ECONOMIC ALLIANCE THAT STRIVES TO ENHANCE THE ECONOMIC VITALITY OF RENSSELAER COUNTY AND THE NEIGHBORING GATEWAY COMMUNITIES OF COHOES, GREEN ISLAND, WATERFORD AND WATERVLIET. THE CHAMBER ALSO SEEKS TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY FOR BOTH RESIDENTS AND BUSINESSES.

  • MEMBERSHIP INVOLVES RECRUITING NEW MEMBERS, RETAINING CURRENT MEMBERS, SUPPORTING THEM THROUGH SOCIAL MEDIA AND LOCATION BASED ACTIVITIES, AND DEVELOPING/MAINTAINING RELEVANT COMMUNICATIONS.LEADERSHIP PROGRAM IS A SKILLS BASED PROFESSIONAL LEADERSHIP PROGRAM. RGEA IS A PROGRAM THAT PROVIDES MEMBERS WITH THE ABILITY TO PURCHASE ENERGY THROUGH AN ENERGY ALLIANCE

    Expenses $200,429

  • PUBLICATIONS CONTAIN A MONTHLY NEWSLETTER AND A QUALITY OF LIFE PIECE

    Expenses $59,765

  • MONTHLY EVENTS (BREAKFASTS AND LUNCHES) ARE DESIGNED TO INFORM, EDUCATE AND ASSIST MEMBER BUSINESSES

    Expenses $172,601

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joe Bonilla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mark Duffy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mike Hamel

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Kendra Hart

    WE ADVANCE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Russell Huta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Christopher Loszynski

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Starletta R Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brian J Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kelli Arnold

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rachael E Capo Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Timothy Kosto

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kim Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Claudia Butler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jason Chevrier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bryce Cutler

    MEMBERSHIP CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Brenda Dickinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joanmarie Dowling Esq

    EX OFFCIO LEGAL COUNSEL

    Total calculated
    $0
    Hours/week
    1
  • Aaron Fagan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Paul Kelly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dennis Kennedy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • James Monks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tobi Saulnier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bob Shevy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tara Whittle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Norris Pearson

    PRESIDENT

    Total calculated
    $112,200
    From this org
    $112,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jason Abare

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Pat Hughes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Natalie Orcutt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349313646

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