Form 990 for tax year 2022
Filed by NEW YORK WOMENS CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $1,051,802
- Total expenses
- $897,829
- Contributions and grants received
- $1,090,007
- Grants paid
- $0
- Program service revenue
- $5,000
- Investment income
- $7,942
- Other revenue
- -$51,147
- Total assets, end of year
- $1,451,350
- Total liabilities, end of year
- $506,975
- Net assets or fund balances, end of year
- $944,375
- Program services expenses (Part IX)
- $637,756
- Management and general expenses
- $239,454
- Fundraising expenses
- $20,619
- Program service expenses (Part III)
- $637,756
Program services were 71.0% 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.
-
1b · Membership dues
$2,225
-
1c · Fundraising events
$201,611
-
1e · Government grants (contributions)
$539,438
-
1f · All other contributions, gifts and grants
$346,733
-
2a · Program service revenue: Other program income
total $5,000 · unrelated business $0 · excluded $0
-
3 · Investment income
total $7,942 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$201,611
-
8b · Fundraising events: direct expenses
$51,147
-
8c · Net income from fundraising events
total -$51,147 · unrelated business $0 · excluded -$51,147
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $100,327 · program services $82,645 · management and general $14,964 · fundraising $2,718
-
7 · Other salaries and wages
total $361,034 · program services $297,403 · management and general $53,849 · fundraising $9,782
-
9 · Other employee benefits
total $13,944 · program services $6,468 · management and general $6,327 · fundraising $1,149
-
10 · Payroll taxes
total $29,693 · program services $29,074 · management and general $524 · fundraising $95
-
11b · Fees: legal
total $22,003 · program services $9,686 · management and general $12,317 · fundraising $0
-
11c · Fees: accounting
total $12,000 · program services $0 · management and general $12,000 · fundraising $0
-
11g · Fees: other
total $98,742 · program services $83,242 · management and general $10,975 · fundraising $4,525
-
12 · Advertising and promotion
total $28,935 · program services $26,285 · management and general $1,625 · fundraising $1,025
-
13 · Office expenses
total $30,303 · program services $26,761 · management and general $3,542 · fundraising $0
-
16 · Occupancy
total $61,396 · program services $49,400 · management and general $11,996 · fundraising $0
-
17 · Travel
total $8,857 · program services $1,128 · management and general $7,729 · fundraising $0
-
20 · Interest
total $6,741 · program services $0 · management and general $6,741 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $3,930 · program services $0 · management and general $3,930 · fundraising $0
-
23 · Insurance
total $3,754 · program services $2,989 · management and general $765 · fundraising $0
-
24a · Other expenses: Bad debt expense
total $85,330 · program services $0 · management and general $85,330 · fundraising $0
-
24b · Other expenses: Refreshments and meals
total $7,879 · program services $1,874 · management and general $4,680 · fundraising $1,325
-
24c · Other expenses: Program materials
total $12,320 · program services $11,249 · management and general $1,071 · fundraising $0
-
24d · Other expenses: Miscellaneous expense
total $1,471 · program services $629 · management and general $842 · fundraising $0
-
24e · All other expenses
total $9,170 · program services $8,923 · management and general $247 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $709,799 · end of year $635,376
-
3 · Pledges and grants receivable
beginning of year $490,609 · end of year $705,888
-
9 · Prepaid expenses and deferred charges
beginning of year $4,017 · end of year $1,302
-
10a · Land, buildings and equipment: cost or other basis
$36,649
-
10b · Land, buildings and equipment: accumulated depreciation
$24,270
-
10c · Land, buildings and equipment, net
beginning of year $14,610 · end of year $12,379
-
15 · Other assets
beginning of year $365 · end of year $96,405
-
17 · Accounts payable and accrued expenses
beginning of year $263,263 · end of year $251,083
-
23 · Secured mortgages and notes payable
beginning of year $150,000 · end of year $150,000
-
25 · Other liabilities
beginning of year $15,735 · end of year $105,892
-
27 · Net assets without donor restrictions
beginning of year $753,543 · end of year $870,625
-
28 · Net assets with donor restrictions
beginning of year $36,859 · end of year $73,750
Mission and programs · 2022
Mission
The New York Women's Chamber of Commerce is a not-for-profit charitable 501(c) (3) tax exempt organization dedicated to assisting women, and other disadvantaged minorities achieve success and economic independence through small business, micro-enterprise ownership and self-employment.
-
Minority and Women Business Enterprise (MWBE) assists firms to increase their business capacity and ability to compete for contracting opportunities. Secure the participation of eligible minority and women owned firms as well as local businesses in public and private procurement and other opportunities. Secure the participation of local residents in employment opportunities avaliable through development and redevelopment projects.
Expenses $209,345
-
Women's Microenterprise Institute (WMI) assists immigrant women, as well as other disadvantaged women to become economically self sufficient by teaching and assisting them start, manage and grow a successful microenterprise venture. WMI provides the necessary educational programs, resouces and support to disadvantaged start up, existing and aspiring women microenterprises including home-based businesses, childcare providers, street vendors, retailers, restaurants, beauty salons, barbershops, service agencies and others.
Expenses $314,428
-
Business Attraction and Retention initiative provides business training, coaching and marketing assistance to businesses located in West Harlem.
Expenses $113,983
As filed on the 2022 return.
Listed in Part VII
-
Ruth Hulse
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Lina Gottesman
Former Chair
- Total calculated
- $0
- Hours/week
- 2
-
June Andrews
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Donald C Notice
Former Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Orlando Ovalles
Vice Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Karina Aybar
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Anasa Scott-Laude
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Bilcenia Cabreja
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jagil Rosario
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Leila Arbaje
Board member
- Total calculated
- $0
- Hours/week
- 2
-
Vera Moore
Former board member
- Total calculated
- $0
- Hours/week
- 2
-
Claire Scanlon
Former board member
- Total calculated
- $0
- Hours/week
- 2
-
Maureen Murphy Arini
Former board member
- Total calculated
- $0
- Hours/week
- 2
-
Quenia Abreu
President
- Total calculated
- $127,500
- From this org
- $127,500
- 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
- 11 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421349349303817
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