Form 990 for tax year 2023
Filed by QUEENS COUNTY CHAMBER OF COMMERCE FOUNDATION INC.
Totals
- Total revenue
- $703,730
- Total expenses
- $129,917
- Contributions and grants received
- $703,398
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $332
- Total assets, end of year
- $718,978
- Total liabilities, end of year
- $7,003
- Net assets or fund balances, end of year
- $711,975
- Program services expenses (Part IX)
- $107,796
- Management and general expenses
- $20,611
- Fundraising expenses
- $1,510
- Program service expenses (Part III)
- $107,796
Program services were 83.0% 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.
-
1c · Fundraising events
$29,296
-
1e · Government grants (contributions)
$2,497
-
1f · All other contributions, gifts and grants
$671,605
-
8a · Fundraising events: gross income
$5,000
-
8a · Fundraising events: contributions included on line 1c
$29,296
-
8b · Fundraising events: direct expenses
$5,000
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: INSURANCE REFUNDS
total $332 · excluded $332
-
11e · Other revenue, total
$332
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $18,938 · program services $11,212 · management and general $6,529 · fundraising $1,197
-
11c · Fees: accounting
total $8,250 · management and general $8,250
-
11g · Fees: other
total $92,250 · program services $92,250
-
12 · Advertising and promotion
total $3,409 · management and general $3,409
-
13 · Office expenses
total $5,672 · program services $3,778 · management and general $1,621 · fundraising $273
-
20 · Interest
total $151 · management and general $151
-
23 · Insurance
total $835 · program services $556 · management and general $239 · fundraising $40
-
24a · Other expenses: BANK AND OTHER FEES
total $412 · management and general $412
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $272,060 · end of year $218,978
-
3 · Pledges and grants receivable
end of year $500,000
-
17 · Accounts payable and accrued expenses
beginning of year $581 · end of year $6,003
-
19 · Deferred revenue
beginning of year $120,439
-
25 · Other liabilities
beginning of year $12,878 · end of year $1,000
-
27 · Net assets without donor restrictions
beginning of year $138,162 · end of year $162,875
-
28 · Net assets with donor restrictions
end of year $549,100
Mission and programs · 2023
Mission
PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT FOR BUSINESSES SUFFERING CATASTROPHIC LOSSES.
-
PROVIDED SCHOLARSHIPS TO VARIOUS NEEDY STUDENTS AND PROVIDED DISASTER RELIEF FOR VICTIMS OF HURRICANE SANDY. TO PROVIDE EDUCATIONAL AND OTHER ASSISTANCE TO RELIEF TO NEEDY QUEENS RESIDENTS AND BUSINESSES. PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT FOR BUSINESSES SUFFERING CATASTROPHIC LOSSES. PROVIDE EDUCATIONAL AND OTHER ASSISTANCE TO NEEDY QUEENS RESIDENTS AND BUSINESSES. PROVIDE ASSISTANCE TO BUSINESSES SUFFERING FOR CATISTROPHIC LOSSES. PROVIDED DISASTER RELIEF FOR VICTIMS OF HURRICANE SANDY.
Expenses $107,796
As filed on the 2023 return.
Listed in Part VII
-
Marian ConwayMARIAN CONWAY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Thomas J GrechTHOMAS J GRECH
VICE PRESIDENT
- Total calculated
- $224,473
- From this org
- $0
- From related orgs
- $214,882
- Other
- $9,591
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $214,882 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $9,591 related
- Filer's total
- $0 + $224,473 related
-
Judy NgJUDY NG
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Mayra DiricoMAYRA DIRICO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth AdamsKENNETH ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay HendersonJAY HENDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joshua BienstockJOSHUA BIENSTOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John RacanelliJOHN RACANELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark KupferbergMARK KUPFERBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eileen AuldEILEEN AULD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
-
CHAMBER OF COMMERCE OF THE BOROUGH OF QUEENS INC
501(C)(6) · CHAMBER OF COMMERCE · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413239349300421
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