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Nonprofiteer
← RENSSELAER COUNTY REGIONAL CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by RENSSELAER COUNTY REGIONAL CHAMBER OF COMMERCE.

Totals

Total revenue
$691,086
Total expenses
$616,012
Contributions and grants received
$2,800
Grants paid
$0
Program service revenue
$632,705
Investment income
$249
Other revenue
$55,332
Total assets, end of year
$1,750,504
Total liabilities, end of year
$1,116,141
Net assets or fund balances, end of year
$634,363
Program services expenses (Part IX)
$354,929
Management and general expenses
$261,083
Fundraising expenses
$0
Program service expenses (Part III)
$354,929

Program services were 57.6% 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.

  • 1f · All other contributions, gifts and grants

    $2,800

  • 2a · Program service revenue: MEMBER SERVICES

    total $504,139 · related or exempt $504,139

  • 2b · Program service revenue: BREAKFAST & LUNCHES

    total $100,450 · related or exempt $100,450

  • 2c · Program service revenue: ECONOMIC DEVELOP PARTN

    total $27,056 · related or exempt $27,056

  • 2d · Program service revenue: PUBLICATIONS

    total $800 · related or exempt $800

  • 2e · Program service revenue: OTHER PROGRAMS

    total $260 · related or exempt $260

  • 3 · Investment income

    total $249 · excluded $249

  • 8a · Fundraising events: gross income

    $220,330

  • 8b · Fundraising events: direct expenses

    $164,998

  • 8c · Net income from fundraising events

    total $55,332 · excluded $55,332

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $315,641 · program services $168,412 · management and general $147,229

  • 8 · Pension plan contributions

    total $34,172 · program services $18,138 · management and general $16,034

  • 9 · Other employee benefits

    total $26,884 · program services $14,438 · management and general $12,446

  • 11b · Fees: legal

    total $80 · management and general $80

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 11g · Fees: other

    total $1,935 · management and general $1,935

  • 12 · Advertising and promotion

    total $6,121 · program services $6,121

  • 13 · Office expenses

    total $35,077 · program services $5,780 · management and general $29,297

  • 14 · Information technology

    total $24,632 · program services $14,480 · management and general $10,152

  • 16 · Occupancy

    total $57,553 · program services $38,368 · management and general $19,185

  • 17 · Travel

    total $5,263 · management and general $5,263

  • 19 · Conferences, conventions and meetings

    total $3,121 · program services $1,561 · management and general $1,560

  • 20 · Interest

    total $358 · management and general $358

  • 22 · Depreciation, depletion and amortization

    total $8,143 · program services $4,344 · management and general $3,799

  • 23 · Insurance

    total $7,381 · program services $3,938 · management and general $3,443

  • 24a · Other expenses: OTHER EVENT EXPENSE

    total $41,062 · program services $41,062

  • 24b · Other expenses: NEWSLETTER

    total $21,496 · program services $21,496

  • 24c · Other expenses: LEADERSHIP EXPENSE

    total $16,791 · program services $16,791

  • 24d · Other expenses: MISCELLANEOUS

    total $302 · management and general $302

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $377,678 · end of year $447,733

  • 2 · Savings and temporary cash investments

    beginning of year $436,988 · end of year $437,239

  • 4 · Accounts receivable

    beginning of year $28,146 · end of year $8,005

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,722 · end of year $10,921

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

    $941,674

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

    $95,068

  • 10c · Land, buildings and equipment, net

    beginning of year $24,047 · end of year $846,606

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,251 · end of year $30,372

  • 19 · Deferred revenue

    beginning of year $272,736 · end of year $246,695

  • 25 · Other liabilities

    beginning of year $9,305 · end of year $839,074

  • 27 · Net assets without donor restrictions

    beginning of year $536,576 · end of year $612,314

  • 28 · Net assets with donor restrictions

    beginning of year $22,713 · end of year $22,049

Mission and programs · 2022

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 $292,371

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

    Expenses $21,496

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

    Expenses $41,062

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edwin C Anker IV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joe Bonilla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ashley Castle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Christopher Conway

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Katharine K Doran CPA

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Mark Duffy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sam Greco III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mike Hamel

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Kendra Hart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Russell Huta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Meghan Keenholts

    COUNSEL

    Total calculated
    $0
    Hours/week
    1
  • David Krupski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Christopher Loszynski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Christopher McKenna

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ivan Mugerwa

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Christine Nealon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Epatrice Perkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kathleen Pingelski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Reiss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Daniel Sauer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey Simons

    BOARD MEMBER

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

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cecil F Stodghill

    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
  • Jaime Kazlo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Timothy Kosto

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Katherine Manley

    PRESIDENT

    Total calculated
    $87,565
    From this org
    $87,565
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Stephanie Fitch

    CONTROLLER

    Total calculated
    $113,600
    From this org
    $113,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349312142

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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