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Nonprofiteer
← ALBANY AREA CHAMBER OF COMMERCE INC

Form 990 for tax year 2022

Filed by ALBANY AREA CHAMBER OF COMMERCE INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 20 December 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.

Total expenses
$737,812 changed to $739,806
Total liabilities, end of year
$146,219 changed to $148,213
Net assets or fund balances, end of year
$438,197 changed to $436,203

Totals

Total revenue
$671,479
Total expenses
$737,812
Contributions and grants received
$321,609
Grants paid
$0
Program service revenue
$349,591
Investment income
$279
Other revenue
$0
Total assets, end of year
$584,416
Total liabilities, end of year
$146,219
Net assets or fund balances, end of year
$438,197
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $321,609

  • 2a · Program service revenue: MEMBERSHIP ACTIVITIES

    total $202,512 · related or exempt $202,512

  • 2b · Program service revenue: BUSINESS MAGAZINE

    total $62,060 · unrelated business $62,060

  • 2c · Program service revenue: QUALITY OF LIFE BOOK

    total $53,717 · related or exempt $53,717

  • 2d · Program service revenue: MEMBERSHIP DUES

    total $24,400 · related or exempt $24,400

  • 2e · Program service revenue: DRUGS DON'T WORK

    total $6,902 · related or exempt $6,902

  • 3 · Investment income

    total $279 · excluded $279

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $132,425

  • 7 · Other salaries and wages

    total $173,765

  • 8 · Pension plan contributions

    total $14,048

  • 9 · Other employee benefits

    total $8,746

  • 10 · Payroll taxes

    total $21,071

  • 11c · Fees: accounting

    total $32,610

  • 11g · Fees: other

    total $92,791

  • 12 · Advertising and promotion

    total $4,295

  • 13 · Office expenses

    total $28,109

  • 14 · Information technology

    total $7,706

  • 16 · Occupancy

    total $32,609

  • 17 · Travel

    total $1,376

  • 19 · Conferences, conventions and meetings

    total $6,544

  • 22 · Depreciation, depletion and amortization

    total $8,223

  • 23 · Insurance

    total $5,884

  • 24a · Other expenses: MEMBER EVENTS & PROGRAMS

    total $118,509

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $24,778

  • 24c · Other expenses: QUALITY OF LIFE BOOK

    total $24,323

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $238,967 · end of year $192,540

  • 2 · Savings and temporary cash investments

    beginning of year $66,869 · end of year $67,134

  • 4 · Accounts receivable

    beginning of year $47,377 · end of year $62,518

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,428 · end of year $5,892

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

    $1,777,920

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

    $1,546,902

  • 10c · Land, buildings and equipment, net

    beginning of year $207,993 · end of year $231,018

  • 15 · Other assets

    beginning of year $8,519 · end of year $25,314

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,786 · end of year $75,652

  • 19 · Deferred revenue

    beginning of year $4,695 · end of year $63,772

  • 25 · Other liabilities

    end of year $6,795

  • 27 · Net assets without donor restrictions

    beginning of year $540,672 · end of year $438,197

Mission and programs · 2022

Mission

THE MISSION OF THE ALBANY AREA CHAMBER OF COMMERCE IS TO ADVOCATE FOR BUSINESS SUCCESS THROUGH LEADERSHIP AND ECONOMIC DEVELOPMENT FOR THE ALBANY AREA.

  • THE ALBANY AREA CHAMBER OF COMMERCE STRIVES TO GROW MEMBER BUSINESSES TO CREATE A THRIVING COMMUNITY.

As filed on the 2022 return.

Listed in Part VII

  • Don Gray

    CHAIR EXEC C

    Total calculated
    $0
    Hours/week
    1.85
  • Matt Reed

    PAST CHAIR E

    Total calculated
    $0
    Hours/week
    1.15
  • Chandu Kuntawala

    CHAIR ELEC E

    Total calculated
    $0
    Hours/week
    1.15
  • Jeff Wright

    TREASURER EX

    Total calculated
    $0
    Hours/week
    1.15
  • Brian Dougherty

    VICE-CHAIR E

    Total calculated
    $0
    Hours/week
    0.46
  • Brianna Wilson

    VICE-CHAIR E

    Total calculated
    $0
    Hours/week
    0.46
  • Bridges Sinyard

    VICE-CHAIR E

    Total calculated
    $0
    Hours/week
    0.46
  • Jeretha Peters

    VICE-CHAIR E

    Total calculated
    $0
    Hours/week
    0.46
  • Dan Gillan

    VICE-CHAIR E

    Total calculated
    $0
    Hours/week
    0.46
  • Perry Revell

    AT LARGE EXE

    Total calculated
    $0
    Hours/week
    0.46
  • Scott Steiner

    AT LARGE EXE

    Total calculated
    $0
    Hours/week
    0.46
  • Juwan Wilson

    AT LARGE EXE

    Total calculated
    $0
    Hours/week
    0.46
  • Elyse Bower

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Grant Belk

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Caleb Clugston

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Christie Cannon Cole

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Rod Gardner

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Sherrer Hester

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Chloe Hinton

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Thelma Johnson

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Paul Joiner

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Scott Morrisey

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Shaunae Motley

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • William Myles

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Clint Newsome

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • John Patterson

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Kemble Teague

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Smith Wilson

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.46
  • Barbara Rivera Holmes

    PRES/CEO

    Total calculated
    $132,425
    From this org
    $95,637
    From related orgs
    $0
    Other
    $36,788
    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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202303199349324425

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