Form 990 for tax year 2023
Filed by ALBANY AREA CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $717,544
- Total expenses
- $793,968
- Contributions and grants received
- $217,841
- Grants paid
- $0
- Program service revenue
- $473,971
- Investment income
- $732
- Other revenue
- $25,000
- Total assets, end of year
- $523,648
- Total liabilities, end of year
- $167,035
- Net assets or fund balances, end of year
- $356,613
- 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
$199,056
-
1f · All other contributions, gifts and grants
$18,785
-
2a · Program service revenue: MEMBERSHIP DUES
total $199,056 · related or exempt $199,056
-
2b · Program service revenue: MEMBERSHIP ACTIVITIES
total $197,835 · related or exempt $197,835
-
2c · Program service revenue: BUSINESS MAGAZINE
total $73,010 · unrelated business $73,010
-
2d · Program service revenue: DRUGS DON'T WORK
total $4,070 · related or exempt $4,070
-
3 · Investment income
total $732 · excluded $732
-
11a · Other revenue: ADMINISTRATIVE FEES
total $24,000 · related or exempt $24,000
-
11b · Other revenue: MISCELLANEOUS
total $1,000 · related or exempt $1,000
-
11e · Other revenue, total
$25,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $140,592
-
7 · Other salaries and wages
total $175,979
-
8 · Pension plan contributions
total $10,477
-
9 · Other employee benefits
total $13,604
-
10 · Payroll taxes
total $24,694
-
11c · Fees: accounting
total $41,221
-
11g · Fees: other
total $84,709
-
12 · Advertising and promotion
total $2,100
-
13 · Office expenses
total $31,754
-
14 · Information technology
total $11,652
-
16 · Occupancy
total $37,376
-
17 · Travel
total $6,511
-
19 · Conferences, conventions and meetings
total $8,364
-
20 · Interest
total $163
-
22 · Depreciation, depletion and amortization
total $8,447
-
23 · Insurance
total $5,852
-
24a · Other expenses: MEMBER EVENTS & PROGRAMS
total $115,757
-
24b · Other expenses: CREDIT LOSS EXPENSE
total $47,238
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $20,585
-
24d · Other expenses: QUALITY OF LIFE BOOK
total $6,893
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $192,540 · end of year $57,738
-
2 · Savings and temporary cash investments
beginning of year $67,134 · end of year $137,830
-
4 · Accounts receivable
beginning of year $62,518 · end of year $42,418
-
9 · Prepaid expenses and deferred charges
beginning of year $5,892 · end of year $6,082
-
10a · Land, buildings and equipment: cost or other basis
$1,777,920
-
10b · Land, buildings and equipment: accumulated depreciation
$1,556,150
-
10c · Land, buildings and equipment, net
beginning of year $231,018 · end of year $221,770
-
14 · Intangible assets
end of year $17,500
-
15 · Other assets
beginning of year $25,314 · end of year $40,310
-
17 · Accounts payable and accrued expenses
beginning of year $75,652 · end of year $43,189
-
19 · Deferred revenue
beginning of year $63,772 · end of year $103,363
-
25 · Other liabilities
beginning of year $8,789 · end of year $20,483
-
27 · Net assets without donor restrictions
beginning of year $436,203 · end of year $356,613
Mission and programs · 2023
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 2023 return.
Listed in Part VII
-
Chandu Kuntwala June 2023CHANDU KUNTWALA JUNE 2023
CHAIR EXEC C
- Total calculated
- $0
- Hours/week
- 1.85
-
Perry RevellPERRY REVELL
CHAIR EXEC C
- Total calculated
- $0
- Hours/week
- 1.85
-
Don GrayDON GRAY
PAST CHAIR E
- Total calculated
- $0
- Hours/week
- 1.15
-
Jeretha PetersJERETHA PETERS
CHAIR ELEC E
- Total calculated
- $0
- Hours/week
- 1.61
-
Jeff WrightJEFF WRIGHT
TREASURER EX
- Total calculated
- $0
- Hours/week
- 1.15
-
Brian DoughertyBRIAN DOUGHERTY
VICE-CHAIR E
- Total calculated
- $0
- Hours/week
- 0.46
-
Brianna WilsonBRIANNA WILSON
VICE-CHAIR E
- Total calculated
- $0
- Hours/week
- 0.46
-
Bridges SinyardBRIDGES SINYARD
VICE-CHAIR E
- Total calculated
- $0
- Hours/week
- 0.46
-
Dan GillanDAN GILLAN
VICE-CHAIR E
- Total calculated
- $0
- Hours/week
- 0.46
-
Smith WilsonSMITH WILSON
AT LARGE EXE
- Total calculated
- $0
- Hours/week
- 0.46
-
Scott SteinerSCOTT STEINER
AT LARGE EXE
- Total calculated
- $0
- Hours/week
- 0.46
-
Juwan WilsonJUWAN WILSON
AT LARGE EXE
- Total calculated
- $0
- Hours/week
- 0.46
-
Elyse BowerELYSE BOWER
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Sheri BarlowSHERI BARLOW
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Caleb ClugstonCALEB CLUGSTON
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Christie Cannon ColeCHRISTIE CANNON COLE
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Rod GarnerROD GARNER
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Sherrer HesterSHERRER HESTER
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Chloe HintonCHLOE HINTON
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Thelma JohnsonTHELMA JOHNSON
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Ken BevelKEN BEVEL
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Scot MorriseySCOT MORRISEY
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Terri ChristianTERRI CHRISTIAN
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
William MylesWILLIAM MYLES
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Clint NewsomeCLINT NEWSOME
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Stephen DewSTEPHEN DEW
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Kemble TeagueKEMBLE TEAGUE
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Cheryl MaddoxCHERYL MADDOX
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Ben MailletteBEN MAILLETTE
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Jonathan SiskeyJONATHAN SISKEY
DIRECTOR AT
- Total calculated
- $0
- Hours/week
- 0.46
-
Barbara Rivera HolmesBARBARA RIVERA HOLMES
PRES/CEO
- Total calculated
- $140,592
- From this org
- $119,207
- From related orgs
- $0
- Other
- $21,385
- 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.
-
ALBANY AREA CHAMBER FOUNDATION INC
501C3 · COMM DEV · GA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433209349309923
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