Form 990 for tax year 2024

Totals

Total revenue

$1,310,537

Total expenses

$981,302

Contributions and grants received

$915,759

Grants paid

$0

Program service revenue

$0

Investment income

$341,033

Other revenue

$53,745

Total assets, end of year

$3,678,605

Total liabilities, end of year

$340,383

Net assets or fund balances, end of year

$3,338,222

Program services expenses (Part IX)

$709,488

Management and general expenses

$271,814

Fundraising expenses

$0

Program service expenses (Part III)

$709,488

Program services were 72.3% 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.

Mission and programs · 2024

• DOWNTOWN STATEN ISLAND BUSINESS IMPROVEMENT DISTRICT (BID) FORMATION ORIGINALLY FUNDED UNDER THE NEW YORK CITY DEPARTMENT OF SMALL BUSINESS SERVICES' (SBS) NEIGHBORHOOD 360 PROGRAM TO ADDRESS DOWNTOWN STATEN ISLAND REVITALIZATION, THIS INITIATIVE HAS TRANSITIONED TO A BID FORMATION GRANT. THE FOUNDATION WORKS WITH LOCAL STAKEHOLDERS TO GUIDE THE PLANNING AND IMPLEMENTATION PROCESS REQUIRED TO ESTABLISH A FORMAL BUSINESS IMPROVEMENT DISTRICT. EFFORTS INCLUDE COMMUNITY OUTREACH, STAKEHOLDER ENGAGEMENT, AND DEVELOPMENT OF A BID PLAN TO STRENGTHEN AND SUSTAIN THE AREA'S COMMERCIAL CORE THROUGH ENHANCED SERVICES, BEAUTIFICATION, AND LONG-TERM ECONOMIC VITALITY. DOWNTOWN REVITALIZATION INITIATIVE (DRI) WAYFINDING & BRANDING PROJECT FUNDED THROUGH NEW YORK STATE'S DOWNTOWN REVITALIZATION INITIATIVE, THIS PROJECT ADDRESSES ONE OF DOWNTOWN STATEN ISLAND'S MOST SIGNIFICANT CHALLENGES-NAVIGATING BETWEEN ITS MAJOR GATEWAYS, ATTRACTIONS, AND NEIGHBORHOODS. MANAGED BY THE FOUNDATION, THE PROJECT WILL IMPLEMENT A MULTI-MODAL WAYFINDING SYSTEM THAT IMPROVES PEDESTRIAN, BICYCLE, TRANSIT, AND VEHICULAR NAVIGATION. EFFORTS INCLUDE CREATING GATEWAY SIGNAGE, DIRECTIONAL AND ORIENTATION KIOSKS, RETAIL BLADE SIGNS, STREETSCAPE BRANDING, AND PLACEMAKING ELEMENTS IN THE ST. GEORGE, TOMPKINSVILLE, AND STAPLETON NEIGHBORHOODS. THIS INITIATIVE AIMS TO ENHANCE VISITOR EXPERIENCES, ENCOURAGE EXPLORATION, STRENGTHEN CONNECTIONS BETWEEN THE WATERFRONT AND UPLAND COMMUNITIES, AND SUPPORT ECONOMIC ACTIVITY THROUGHOUT THE DISTRICT.

  Expenses $127,100

• SMALL BUSINESS RESOURCE NETWORK (SBRN) LAUNCHED IN 2020 AS A COLLABORATION BETWEEN THE FIVE BOROUGH CHAMBERS OF COMMERCE, THE PARTNERSHIP FOR NYC, AND NYC ECONOMIC DEVELOPMENT CORPORATION (EDC), THE SBRN IS NOW FUNDED THROUGH NYC EDC AS PART OF THE FIVE BOROUGH CHAMBER ALLIANCE. THE PROGRAM CONNECTS SMALL BUSINESSES WITH RESOURCES SUCH AS FINANCING, MARKETING, TECHNOLOGY AND E-COMMERCE TOOLS, LEGAL ASSISTANCE, AND GENERAL BUSINESS COUNSELING. WITH THE SUPPORT OF NYC COUNCIL FUNDING, THE PROGRAM PRIORITIZES SERVING M/WBES AND LOW-TO-MODERATE-INCOME COMMUNITIES, WITH MULTILINGUAL CAPACITY IN OVER EIGHT LANGUAGES.

  Expenses $188,204

• CHAMBER ON THE GO A MOBILE BUSINESS SUPPORT INITIATIVE THAT BRINGS FREE RESOURCES DIRECTLY TO SMALL BUSINESSES AT THEIR STOREFRONTS, HELPING OWNERS ACCESS SERVICES WITHOUT LEAVING THEIR PLACE OF BUSINESS.

  Expenses $125,799

• CHAMBER ASSIST / WORKFORCE DEVELOPMENT THIS PROGRAM CONNECTS SMALL BUSINESSES WITH INTERNS, FOSTERS WORK-BASED LEARNING OPPORTUNITIES, AND PROVIDES JOB SCREENING AND PLACEMENT ASSISTANCE. THE FOUNDATION MAINTAINS AN ACTIVE JOB BOARD, FACILITATES PARTNERSHIPS BETWEEN EMPLOYERS AND EDUCATIONAL INSTITUTIONS, AND SUPPORTS BUSINESSES IN DEVELOPING TALENT PIPELINES. KEY PARTNERS INCLUDE LOCAL HIGH SCHOOLS, COLLEGES, WORKFORCE PROGRAMS, AND COMMUNITY-BASED ORGANIZATIONS. LEADING LADIES COLLECTIVE (LLC) A SIX-MONTH LEADERSHIP DEVELOPMENT PROGRAM BRINGING TOGETHER A COHORT OF 12 WOMEN-OWNED BUSINESSES AND NONPROFIT EXECUTIVES. PARTICIPANTS RECEIVE TRAINING IN FINANCIAL LITERACY, MARKETING, TECHNOLOGY, BUSINESS DEVELOPMENT, AND LEADERSHIP, ALONG WITH ONE-ON-ONE MENTORING, NETWORKING OPPORTUNITIES, AND RESOURCES TO STRENGTHEN THEIR ENTERPRISES. YOUNG ENTREPRENEURS ACADEMY (YEA) A NATIONAL, AFTERSCHOOL PROGRAM THAT TRANSFORMS LOCAL HIGH SCHOOL STUDENTS INTO REAL, CONFIDENT ENTREPRENEURS. OVER THE COURSE OF 16 WEEKS, STUDENTS DEVELOP BUSINESS IDEAS, CONDUCT MARKET RESEARCH, WRITE BUSINESS PLANS, PRESENT TO AN INVESTOR PANEL, AND LAUNCH THEIR OWN COMPANIES. THE FOUNDATION HAS GRADUATED MORE THAN 225 STUDENTS OVER 11 YEARS, BUILDING A ROBUST ALUMNI NETWORK THAT SUPPORTS FUTURE PROGRAM PARTICIPANTS. NATIONAL CIVICS BEE AN ANNUAL COMPETITION FOR STUDENTS IN GRADES 6-8 THAT ENCOURAGES CIVIC ENGAGEMENT AND KNOWLEDGE. PARTICIPANTS SUBMIT ESSAYS ADDRESSING LOCAL CHALLENGES AND SOLUTIONS, WITH FINALISTS COMPETING IN A LIVE QUIZ EVENT. WINNERS ADVANCE TO STATE AND NATIONAL COMPETITIONS. LISC VERIZON SMALL BUSINESS ACCELERATOR PROGRAM AS A COMMUNITY CHAMPION, THE FOUNDATION CONNECTS SMALL AND MIDSIZE BUSINESSES-ESPECIALLY BIPOC AND WOMEN-OWNED ENTERPRISES-TO SERVICES PROVIDED THROUGH VERIZON'S SMALL BUSINESS DIGITAL READY PLATFORM. THIS INCLUDES PERSONALIZED LEARNING PLANS, LIVE COACHING, MENTORING, NETWORKING OPPORTUNITIES, AND ACCESS TO BUSINESS DEVELOPMENT RESOURCES. LISC WELLS FARGO SMALL BUSINESS RESILIENCY PROGRAM A PILOT INITIATIVE DESIGNED TO PREPARE SMALL BUSINESSES TO WITHSTAND AND RECOVER FROM DISASTERS, OFFERING TRAINING, TECHNICAL ASSISTANCE, AND ACCESS TO A DISASTER INFRASTRUCTURE RESILIENCE FUND FOR INVESTMENTS IN ENERGY, TECHNOLOGY, COMMUNICATIONS, AND MITIGATION MEASURES. BOROUGH PRESIDENT GRANT FUNDING TO SUPPORT OPERATIONS AND PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESSES. CLEAN UP AND BEAUTIFICATION SUPPORT FOR NEIGHBORHOOD CLEANUP AND BEAUTIFICATION EFFORTS ACROSS STATEN ISLAND TO IMPROVE COMMERCIAL CORRIDORS AND ENHANCE COMMUNITY PRIDE. THE FOUNDATION ACTS AS A CONDUIT TO LOCAL CIVIC ORGANIZATIONS AND COORDINATES COMMUNITY CLEANUPS IN ADDITION TO ITS OWN DOWNTOWN STATEN ISLAND (DTSI) CLEANUP AND BEAUTIFICATION EFFORTS.

  Expenses $268,385

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

Listed in Part VII

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

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.

• SI CHAMBER OF COMMERCE

  501C 6 · LOCAL CHAM · NY

Provenance

Return type

form_990

Tax year

2024

Filed

30 October 2025

IRS schema version

2024v5.0

Source object

202543039349300739

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

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