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← MANHATTAN CHAMBER OF COMMERCE COMMUNITY BENEFIT FUND

Form 990 for tax year 2022

Filed by MANHATTAN CHAMBER OF COMMERCE COMMUNITY BENEFIT FUND.

Totals

Total revenue
$48,340
Total expenses
$39,658
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$48,340
Investment income
$0
Other revenue
$0
Total assets, end of year
$53,874
Total liabilities, end of year
$3,850
Net assets or fund balances, end of year
$50,024
Program services expenses (Part IX)
$27,133
Management and general expenses
$12,525
Fundraising expenses
$0
Program service expenses (Part III)
$27,133

Program services were 68.4% 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.

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $48,340 · related or exempt $48,340

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $27,000 · program services $15,000 · management and general $12,000

  • 11c · Fees: accounting

    total $500 · management and general $500

  • 12 · Advertising and promotion

    total $125 · program services $125

  • 23 · Insurance

    total $1,867 · program services $1,867

  • 24a · Other expenses: LICENSES FEES & PERMITS

    total $9,232 · program services $9,207 · management and general $25

  • 24b · Other expenses: PRODUCTION COST

    total $327 · program services $327

  • 24c · Other expenses: UTILITIES

    total $307 · program services $307

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $300 · program services $300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $526 · end of year $200

  • 15 · Other assets

    beginning of year $44,666 · end of year $53,674

  • 25 · Other liabilities

    beginning of year $3,850 · end of year $3,850

  • 27 · Net assets without donor restrictions

    beginning of year $41,342 · end of year $50,024

Mission and programs · 2022

Mission

THE MANHATTAN CHAMBER OF COMMERCE COMMUNITY BENEFIT FUND OWNS AND MANAGES TWO OF THE LARGEST AND OLDEST STREET FAIRS IN NEW YORK CITY, THE SECOND AND THIRD AVENUE COMMUNITY BENEFIT FESTIVALS.

Activities or mission (Part I)

THE MANHATTAN CHAMBER OF COMMERCE COMMUNITY BENEFIT FUND OWNS AND MANAGES TWO OF THE LARGEST

  • INTERNATIONAL AND EDUCATIONAL EVENTS - TO STIMULATE AND ENCOURAGE THE INTEREST OF THE GENERAL PUBLIC AND BUSINESS ENTITIES IN ACTIVE PARTICIPATION IN THE DEVELOPMENT AND GROWTH OF MANHATTAN-BASED BUSINESSES IN INTERNATIONAL INDUSTRY, COMMERCE, CIVIC AFFAIRS AND THE POLITICAL PROCESS. INCLUDES SECOND AND THIRD AVENUE COMMUNITY BENEFIT FESTIVALS.

    Expenses $27,133

As filed on the 2022 return.

Listed in Part VII

  • Jessica Walker

    PRESIDENT AN

    Total calculated
    $171,367
    From this org
    $0
    From related orgs
    $171,367
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $171,367 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $171,367 related

  • Michael Kempner

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    1.5

  • Caroline Kretz

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Magennis

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Khary Barnes

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    0.4

  • Jonathan Bing

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    0.4

  • Kai Falkenberg

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    0.4

  • Robert Walsh

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.4

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 · 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
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323189349301022

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