Form 990 for tax year 2023
Filed by CAPITAL REGION CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $6,347,628
- Total expenses
- $5,345,455
- Contributions and grants received
- $2,643,916
- Grants paid
- $2,400
- Program service revenue
- $2,955,918
- Investment income
- $114,567
- Other revenue
- $633,227
- Total assets, end of year
- $16,410,101
- Total liabilities, end of year
- $2,937,108
- Net assets or fund balances, end of year
- $13,472,993
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $2,054,062
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.
-
1d · Related organizations
$2,643,916
-
2a · Program service revenue: MEMBER SERVICES
total $2,590,076 · related or exempt $2,590,076
-
2b · Program service revenue: TALENT
total $217,761 · related or exempt $217,761
-
2c · Program service revenue: BUSINESS GROWTH
total $108,596 · related or exempt $108,596
-
2d · Program service revenue: ADVOCACY
total $39,485 · related or exempt $39,485
-
3 · Investment income
total $117,427 · excluded $117,427
-
7a · Gross sales of assets other than inventory
securities $1,155,058
-
7b · Less cost or other basis and sales expenses
securities $1,157,918
-
7c · Gain or loss
securities -$2,860
-
7d · Net gain or loss
total -$2,860 · excluded -$2,860
-
11a · Other revenue: OTHER REVENUE
total $516,024 · excluded $516,024
-
11b · Other revenue: LOAN INTEREST INCOME
total $117,203 · excluded $117,203
-
11e · Other revenue, total
$633,227
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,400
-
7 · Other salaries and wages
total $2,983,254
-
8 · Pension plan contributions
total $183,748
-
9 · Other employee benefits
total $213,235
-
10 · Payroll taxes
total $233,139
-
11a · Fees: management
total $32,397
-
11b · Fees: legal
total $21,704
-
11c · Fees: accounting
total $54,887
-
11f · Fees: investment management
total $26,969
-
11g · Fees: other
total $67,353
-
12 · Advertising and promotion
total $17,486
-
13 · Office expenses
total $106,979
-
14 · Information technology
total $280,180
-
16 · Occupancy
total $453,276
-
17 · Travel
total $11,485
-
19 · Conferences, conventions and meetings
total $308,930
-
22 · Depreciation, depletion and amortization
total $24,489
-
23 · Insurance
total $22,551
-
24a · Other expenses: INTERCOMPANY EXPENSE
total $183,317
-
24b · Other expenses: LOAN FUND EXPENSE
total $93,205
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $24,444
-
24d · Other expenses: NYS TAXES AND FEES
total $27
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,395,021 · end of year $4,328,747
-
2 · Savings and temporary cash investments
beginning of year $378,943 · end of year $51,987
-
3 · Pledges and grants receivable
beginning of year $77,636 · end of year $87,576
-
4 · Accounts receivable
beginning of year $110,168 · end of year $81,521
-
9 · Prepaid expenses and deferred charges
beginning of year $38,655 · end of year $33,391
-
10a · Land, buildings and equipment: cost or other basis
$726,465
-
10b · Land, buildings and equipment: accumulated depreciation
$623,034
-
10c · Land, buildings and equipment, net
beginning of year $127,920 · end of year $103,431
-
11 · Investments: publicly traded securities
beginning of year $3,653,771 · end of year $3,460,125
-
15 · Other assets
beginning of year $8,220,043 · end of year $8,263,323
-
17 · Accounts payable and accrued expenses
beginning of year $362,264 · end of year $353,810
-
19 · Deferred revenue
beginning of year $735,176 · end of year $955,826
-
25 · Other liabilities
beginning of year $1,821,056 · end of year $1,627,472
-
27 · Net assets without donor restrictions
beginning of year $4,049,431 · end of year $5,502,830
-
28 · Net assets with donor restrictions
beginning of year $8,034,230 · end of year $7,970,163
Mission and programs · 2023
Mission
THE MISSION OF THE CAPITAL REGION CHAMBER OF COMMERCE, INC. IS TO BE A UNIFYING FORCE FOR PROGRESS, LEADING OPPORTUNITIES FOR BUSINESSES TO SUCCEED, AND FOR PEOPLE AND OUR COMMUNITITES TO PROSPER.
-
MEMBER SERVICES - SERVE THE DIVERSE INTERESTS OF MEMBER BUSINESSES BY PROVIDING RELEVANT PROGRAMS, SERVICES AND BENEFITS.
Expenses $1,376,340 · Revenue $2,590,076
-
PEOPLE/WORKFORCE DEVELOPMENT - SUPPORT BUSINESSES TO ATTRACT AND DEVELOP THEIR HUMAN CAPITAL; THIS INCLUDES EDUCAITON/WORKFORCE DEVELOPMENT, DIVERSITY AND INCLUSION, YOUNG PROFESSIONALS NETWORL, AND LEADERSHIP CAPITAL REGION.
Expenses $200,529 · Revenue $217,761
-
BUSINESS GROWTH - PROVIDE RESOURCES TO FUEL GROWTH INCLUDING TECHNICAL ASSISTANCE, LOAN PROGRAMS AND ENTREPRENEURIAL START-UP SUPPORT.
Expenses $256,591 · Grants $2,400 · Revenue $108,596
-
ADVOCACY - PROVIDE LEADERSHIP AND A UNITED VOICE TO ASSERTIVELY ADVODATE ON ISSUES, POLICIES AND PROJECTS THAT WILL IMPROVE THE BUSINESS CLIMATE AND ENHANCE THE COMPETITIVENESS AND ECONOMIC VITALITY OF THE REGION.
Expenses $220,602 · Revenue $39,485
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dawn AbbuhlDAWN ABBUHL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vikash AgrawalVIKASH AGRAWAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Raimundo C ArchiboldRAIMUNDO C ARCHIBOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa AvilaLISA AVILA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela BeddoeANGELA BEDDOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John D BennettJOHN D BENNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter BenyonPETER BENYON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth BeshawBETH BESHAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony CarnevaleANTHONY CARNEVALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen CarpenterKAREN CARPENTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sujata ChaudhrySUJATA CHAUDHRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Antonio CivitellaANTONIO CIVITELLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Samuel ConzoneSAMUEL CONZONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carmine Decrescente IIICARMINE DECRESCENTE III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David DemarcoDAVID DEMARCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher DowdCHRISTOPHER DOWD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Trent Griffin-BraafTRENT GRIFFIN-BRAAF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David HannoushDAVID HANNOUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard HendrickRICHARD HENDRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Hoffman JrTHOMAS HOFFMAN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darrin JahnelDARRIN JAHNEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anna KuwabaraANNA KUWABARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric LacoppolaERIC LACOPPOLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer LawrenceJENNIFER LAWRENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kirk LewisKIRK LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Guy MaddaloneGUY MADDALONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ruth H MahoneyRUTH H MAHONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daria MallinDARIA MALLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dennis McKenna MDDENNIS MCKENNA MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sabrina MosseauSABRINA MOSSEAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen ObermayerSTEPHEN OBERMAYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frances O'RourkeFRANCES O'ROURKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jaime OrtizJAIME ORTIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heather PetersonHEATHER PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John RobinsonJOHN ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
L Oliver Robinson PhDL OLIVER ROBINSON PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dean Skarlis PhDDEAN SKARLIS PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Walter ThorneWALTER THORNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle WildgrubeMICHELLE WILDGRUBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael YorkMICHAEL YORK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea CrisafulliANDREA CRISAFULLI
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher CannucciariCHRISTOPHER CANNUCCIARI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
David R Harris PhDDAVID R HARRIS PHD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Roger RamsammyROGER RAMSAMMY
CHAIR-ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey BuellJEFFREY BUELL
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Stuart F KleinSTUART F KLEIN
GENERAL COUNSEL
- Total calculated
- $0
- Hours/week
- 1
-
Mark N EaganMARK N EAGAN
PRESIDENT & CEO
- Total calculated
- $501,238
- From this org
- $245,354
- From related orgs
- $179,297
- Other
- $76,587
- Hours/week
- 26 + 19 related
Schedule J breakdown matched by us
- Base
- $224,291 + $163,905 related
- Bonus
- $21,063 + $15,392 related
- Other
- $0
- Deferred
- $15,253 + $11,147 related
- Nontaxable benefits
- $28,997 + $21,190 related
- Filer's total
- $289,604 + $211,634 related
-
Christine A HolleCHRISTINE A HOLLE
VP, FINANCE & OPERATIONS
- Total calculated
- $144,635
- From this org
- $50,177
- From related orgs
- $82,645
- Other
- $11,813
- Hours/week
- 17 + 28 related
-
Peter P BarduniasPETER P BARDUNIAS
SENIOR VP, MEMBERSHIP & COMMUNITY ADVANCEMENT
- Total calculated
- $130,658
- From this org
- $114,136
- From related orgs
- $6,007
- Other
- $10,515
- Hours/week
- 38 + 2 related
-
Thomas J O'ConnorTHOMAS J O'CONNOR
VP, GOVERNMENT AFFAIRS
- Total calculated
- $122,166
- From this org
- $101,046
- From related orgs
- $11,227
- Other
- $9,893
- Hours/week
- 36 + 4 related
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
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
-
CAPITAL REGION CHAMBER FOUNDATION
501(C)(3) · EDUCATION · NY
-
ALBANY-COLONIE REGIONAL CHAMBER
501(C)(6) · COMM PROG. · NY
-
501(C)(6) · COMM PROG. · NY
-
THE CHAMBER OF SOUTHERN SARATOGA CO
501(C)(6) · COMM PROG. · NY
-
501(C)(6) · ECON GWTH · NY
-
CENTER FOR ECONOMIC GROWTH INC
501(C)(3) · ECON GWTH · NY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
BUSINESS SERVICES CORPORATION
C · BUS GROWTH · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349310601
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