Totals
- Total revenue
- $50,994
- Total expenses
- $119,892
- Contributions and grants received
- $40,145
- Grants paid
- $0
- Program service revenue
- $22,350
- Investment income
- -$11,501
- Other revenue
- $0
- Total assets, end of year
- $529,022
- Total liabilities, end of year
- $46,922
- Net assets or fund balances, end of year
- $482,100
- Program services expenses (Part IX)
- $84,592
- Management and general expenses
- $35,300
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $84,592
Program services were 70.6% 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.
-
1c · Fundraising events
$15,145
-
1f · All other contributions, gifts and grants
$25,000
-
2a · Program service revenue: FLEX ABY
total $22,350 · related or exempt $22,350
-
3 · Investment income
total $13,347 · excluded $13,347
-
7a · Gross sales of assets other than inventory
other assets $1,224
-
7b · Less cost or other basis and sales expenses
securities $26,072
-
7c · Gain or loss
securities -$26,072 · other assets $1,224
-
7d · Net gain or loss
total -$24,848 · related or exempt -$26,072 · excluded $1,224
-
8a · Fundraising events: gross income
$10,297
-
8a · Fundraising events: contributions included on line 1c
$15,145
-
8b · Fundraising events: direct expenses
$10,297
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $77,508 · program services $53,508 · management and general $24,000
-
11c · Fees: accounting
total $4,800 · management and general $4,800
-
11f · Fees: investment management
total $5,702 · management and general $5,702
-
12 · Advertising and promotion
total $10 · program services $10
-
17 · Travel
total $1,102 · program services $1,102
-
24a · Other expenses: TALENT 2.0 EXPENSES
total $14,850 · program services $14,850
-
24b · Other expenses: FLEX ABY EXPENSES
total $14,569 · program services $14,569
-
24c · Other expenses: MEALS
total $738 · management and general $738
-
24d · Other expenses: THRIVE EXPENSES
total $332 · program services $332
-
24e · All other expenses
total $281 · program services $221 · management and general $60
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $15,056 · end of year $16,176
-
4 · Accounts receivable
beginning of year $14,240 · end of year $6,545
-
9 · Prepaid expenses and deferred charges
beginning of year $835 · end of year $4,348
-
11 · Investments: publicly traded securities
beginning of year $512,640 · end of year $501,953
-
17 · Accounts payable and accrued expenses
beginning of year $24,500 · end of year $25,002
-
19 · Deferred revenue
beginning of year $24,190 · end of year $21,920
-
27 · Net assets without donor restrictions
beginning of year $274,727 · end of year $258,084
-
28 · Net assets with donor restrictions
beginning of year $219,354 · end of year $224,016
Mission and programs · 2023
Mission
THE AIMS AND PURPOSES OF THE ALBANY AREA CHAMBER FOUNDATION SHALL INCLUDE, BUT NOT BE LIMITED TO, THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING OF ECONOMICS, MATTERS OF PUBLIC CONCERN, FINANCE, EDUCATION AND TRAINING, HOUSING, HUMAN RELATIONS, PROBLEMS OF MINORITY GROUPS, SCIENCE AND TECHNOLOGY, ECONOMIC PLANNING AND DEVELOPMENT, INTERNATIONAL RELATIONS, AND OTHER SUBJECTS RELATED TO IMPROVE EFFICIENCY, DEVELOPMENT, INTERNATIONAL RELATIONS AND OTHER SUBJECTS RELATED TO IMPROVE EFFICIENCY, DEVELOPMENT AND ACCELERATION OF BOTH THE QUALITY OF AND QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNTITIES.
-
EXPENSES FOR ENTREPRENEURIAL AND INNOVATION INITITATIVES INCLUDING "ALBANY- DOUGHERTY COUNTY WORKS TALENT DEVELOPMENT STRATEGY 2.0", "FLEX ABY" (ALBANY'S FIRST YOUTH ENTREPRENEURSIP COMPETITION), AND "PROPEL+" - A YOUTH TALENT DEVELOPMENT INITIATIVE THAT THROUGH CONNECTION NUTURES, PROVIDES FOR AND EMPOWERS ALBANY'S FEMALE YOUTH TO DESIGN THEIR PATHS.
Expenses $84,592 · Revenue $22,350
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Matt ReedMATT REED
CHAIR
- Total calculated
- $0
-
Don GrayDON GRAY
FIRST VICE-C
- Total calculated
- $0
-
Jeretha PetersJERETHA PETERS
SECOND VICE-
- Total calculated
- $0
-
Jeff WrightJEFF WRIGHT
TREASURER
- Total calculated
- $0
-
Barbara Rivera HolmesBARBARA RIVERA HOLMES
SECRETARY
- Total calculated
- $140,592
- From this org
- $0
- From related orgs
- $119,207
- Other
- $21,385
-
Brianna WilsonBRIANNA WILSON
DIRECTOR
- Total calculated
- $0
-
Taylor JenkinsTAYLOR JENKINS
DIRECTOR
- Total calculated
- $0
-
Dan GillanDAN GILLAN
DIRECTOR
- Total calculated
- $0
-
Smith WilsonSMITH WILSON
DIRECTOR
- Total calculated
- $0
-
Bridges SinyardBRIDGES SINYARD
DIRECTOR
- Total calculated
- $0
-
Scott SteinerSCOTT STEINER
DIRECTOR
- Total calculated
- $0
-
Perry RevellPERRY REVELL
DIRECTOR
- Total calculated
- $0
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
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443209349309124
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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