What the amendment changed
Compared with the return it replaced , filed 31 October 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Listed under a different title
- Barbara Rivera HolmesBARBARA RIVERA HOLMES: DIRECTOR/SEC then SECRETARY
- Chandu KuntawalaCHANDU KUNTAWALA: DIRECTOR/CHA then SECOND VICE-
- Don GrayDON GRAY: DIRECTOR/CHA then FIRST VICE-C
- Jeff WrightJEFF WRIGHT: DIRECTOR/TRE then TREASURER
- Matt ReedMATT REED: DIRECTOR/PAS then CHAIRMAN
Totals
- Total revenue
- $9,776
- Total expenses
- $21,174
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $9,776
- Other revenue
- $0
- Total assets, end of year
- $542,771
- Total liabilities, end of year
- $48,690
- Net assets or fund balances, end of year
- $494,081
- Program services expenses (Part IX)
- $12,332
- Management and general expenses
- $8,842
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,332
Program services were 58.2% 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.
-
3 · Investment income
total $13,026 · excluded $13,026
-
7a · Gross sales of assets other than inventory
securities $42,237 · other assets $1,524
-
7b · Less cost or other basis and sales expenses
securities $47,011
-
7c · Gain or loss
securities -$4,774 · other assets $1,524
-
7d · Net gain or loss
total -$3,250 · excluded -$3,250
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $8,918 · program services $8,918
-
11c · Fees: accounting
total $2,810 · management and general $2,810
-
11f · Fees: investment management
total $6,032 · management and general $6,032
-
11g · Fees: other
total $3,414 · program services $3,414
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,104 · end of year $15,056
-
4 · Accounts receivable
end of year $14,240
-
9 · Prepaid expenses and deferred charges
end of year $835
-
11 · Investments: publicly traded securities
beginning of year $621,449 · end of year $512,640
-
17 · Accounts payable and accrued expenses
beginning of year $8,523 · end of year $24,500
-
19 · Deferred revenue
end of year $24,190
-
27 · Net assets without donor restrictions
beginning of year $385,532 · end of year $274,727
-
28 · Net assets with donor restrictions
beginning of year $232,498 · end of year $219,354
Mission and programs · 2022
Mission
THE ALBANY CHAMBER FOUNDATION SHALL BE THE AIMS OF 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 $12,332
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Matt ReedMATT REED
CHAIRMAN
- Total calculated
- $0
-
Don GrayDON GRAY
FIRST VICE-C
- Total calculated
- $0
-
Chandu KuntawalaCHANDU KUNTAWALA
SECOND VICE-
- Total calculated
- $0
-
Jeff WrightJEFF WRIGHT
TREASURER
- Total calculated
- $0
-
Barbara Rivera HolmesBARBARA RIVERA HOLMES
SECRETARY
- Total calculated
- $132,425
- From this org
- $0
- From related orgs
- $95,637
- Other
- $36,788
-
Brianna WilsonBRIANNA WILSON
DIRECTOR
- Total calculated
- $0
-
Brian DoughertyBRIAN DOUGHERTY
DIRECTOR
- Total calculated
- $0
-
Dan GillanDAN GILLAN
DIRECTOR
- Total calculated
- $0
-
Jeretha PetersJERETHA PETERS
DIRECTOR
- Total calculated
- $0
-
Bridges SinyardBRIDGES SINYARD
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.
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.
-
ALBANY AREA CHAMBER OF COMMERCE INC
501C6 · ECON DEV · GA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 21 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202420169349304482
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