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Nonprofiteer
← ALBANY CHAMBER FOUNDATION INC

Form 990 for tax year 2022

Filed by ALBANY CHAMBER FOUNDATION 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This return was superseded by a later amendment.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 21 November 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.

Listed under a different title

  • Barbara Rivera Holmes: DIRECTOR/SEC then SECRETARY
  • Chandu Kuntawala: DIRECTOR/CHA then SECOND VICE-
  • Don Gray: DIRECTOR/CHA then FIRST VICE-C
  • Jeff Wright: DIRECTOR/TRE then TREASURER
  • Matt Reed: DIRECTOR/PAS then CHAIRMAN

Totals

Total revenue
$9,776
Total expenses
$21,174
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$9,776
Other revenue
$0
Total assets, end of year
$542,771
Total liabilities, end of year
$48,690
Net assets or fund balances, end of year
$494,081
Program services expenses (Part IX)
$12,332
Management and general expenses
$8,842
Fundraising expenses
$0
Program service expenses (Part III)
$12,332

Program services were 58.2% 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.

  • 3 · Investment income

    total $13,026 · excluded $13,026

  • 7a · Gross sales of assets other than inventory

    securities $42,237 · other assets $1,524

  • 7b · Less cost or other basis and sales expenses

    securities $47,011

  • 7c · Gain or loss

    securities -$4,774 · other assets $1,524

  • 7d · Net gain or loss

    total -$3,250 · excluded -$3,250

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $8,918 · program services $8,918

  • 11c · Fees: accounting

    total $2,810 · management and general $2,810

  • 11f · Fees: investment management

    total $6,032 · management and general $6,032

  • 11g · Fees: other

    total $3,414 · program services $3,414

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,104 · end of year $15,056

  • 4 · Accounts receivable

    end of year $14,240

  • 9 · Prepaid expenses and deferred charges

    end of year $835

  • 11 · Investments: publicly traded securities

    beginning of year $621,449 · end of year $512,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,523 · end of year $24,500

  • 19 · Deferred revenue

    end of year $24,190

  • 27 · Net assets without donor restrictions

    beginning of year $385,532 · end of year $274,727

  • 28 · Net assets with donor restrictions

    beginning of year $232,498 · end of year $219,354

Mission and programs · 2022

Mission

THE ALBANY CHAMBER FOUNDATION SHALL BE THE AIMS OF ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING OF ECONOMICS, MATTERS OF PUBLIC CONCERN, FINANCE, EDUCATION AND TRAINING, HOUSING, HUMAN RELATIONS, PROBLEMS OF MINORITY GROUPS, SCIENCE AND TECHNOLOGY, ECONOMIC PLANNING AND DEVELOPMENT, INTERNATIONAL RELATIONS, AND OTHER SUBJECTS RELATED TO IMPROVE EFFICIENCY, DEVELOPMENT, INTERNATIONAL RELATIONS AND OTHER SUBJECTS RELATED TO IMPROVE EFFICIENCY, DEVELOPMENT AND ACCELERATION OF BOTH THE QUALITY OF AND QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNTITIES.

  • EXPENSES FOR ENTREPRENEURIAL AND INNOVATION INITITATIVES INCLUDING "ALBANY- DOUGHERTY COUNTY WORKS TALENT DEVELOPMENT STRATEGY 2.0", "FLEX ABY" (ALBANY'S FIRST YOUTH ENTREPRENEURSIP COMPETITION), AND "PROPEL+" - A YOUTH TALENT DEVELOPMENT INITIATIVE THAT THROUGH CONNECTION NUTURES, PROVIDES FOR AND EMPOWERS ALBANY'S FEMALE YOUTH TO DESIGN THEIR PATHS.

    Expenses $12,332

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Don Gray

    DIRECTOR/CHA

    Total calculated
    $0

  • Matt Reed

    DIRECTOR/PAS

    Total calculated
    $0

  • Chandu Kuntawala

    DIRECTOR/CHA

    Total calculated
    $0

  • Jeff Wright

    DIRECTOR/TRE

    Total calculated
    $0

  • Barbara Rivera Holmes

    DIRECTOR/SEC

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

  • Brianna Wilson

    DIRECTOR

    Total calculated
    $0

  • Brian Dougherty

    DIRECTOR

    Total calculated
    $0

  • Dan Gillan

    DIRECTOR

    Total calculated
    $0

  • Jeretha Peters

    DIRECTOR

    Total calculated
    $0

  • Bridges Sinyard

    DIRECTOR

    Total calculated
    $0

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
31 October 2023
IRS schema version
2022v5.0
Source object
202333199349324228

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