Totals
- Total revenue
- $758,786
- Total expenses
- $803,564
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $758,786
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $116,005
- Total liabilities, end of year
- $192,827
- Net assets or fund balances, end of year
- -$76,822
- Program services expenses (Part IX)
- $505,080
- Management and general expenses
- $298,484
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $452,117
Program services were 62.9% 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: ECONOMIC DEVELOPMENT
total $334,509 · related or exempt $334,509
-
2b · Program service revenue: MATCHING FUNDS
total $63,538 · related or exempt $63,538
-
2c · Program service revenue: MEMBERSHIP DUES
total $133,775 · related or exempt $133,775
-
2d · Program service revenue: SPECIAL EVENTS
total $105,285 · related or exempt $105,285
-
2e · Program service revenue: TOURISM
total $120,858 · related or exempt $120,858
-
2f · All other program service revenue
total $821 · related or exempt $821
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $87,003 · program services $1,778 · management and general $85,225
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $253,895 · program services $253,895
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $30,322 · program services $10,885 · management and general $19,437
-
10 · Payroll taxes
total $32,805 · program services $11,776 · management and general $21,029
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $11,045 · management and general $11,045
-
11c · Fees: accounting
total $54,524 · management and general $54,524
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $6,874 · management and general $6,874
-
12 · Advertising and promotion
total $155,542 · program services $155,542
-
13 · Office expenses
total $8,991 · management and general $8,991
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $29,031 · management and general $29,031
-
17 · Travel
total $7,328 · management and general $7,328
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $12,770 · management and general $12,770
-
23 · Insurance
total $4,596 · management and general $4,596
-
24a · Other expenses: PROGRAM SUPPLIES
total $36,227 · program services $36,227
-
24b · Other expenses: SPECIAL EVENTS
total $27,439 · program services $27,439
-
24c · Other expenses: CONTRACT & PROF FEES
total $8,098 · management and general $8,098
-
24d · Other expenses: PROGRAM SERVICES
total $7,538 · program services $7,538
-
24e · All other expenses
total $29,536 · management and general $29,536
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $74,903 · end of year $26,296
-
2 · Savings and temporary cash investments
beginning of year $5,827 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $38,732 · end of year $21,327
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $8,363 · end of year $5,228
-
10a · Land, buildings and equipment: cost or other basis
$170,276
-
10b · Land, buildings and equipment: accumulated depreciation
$107,122
-
10c · Land, buildings and equipment, net
beginning of year $72,304 · end of year $63,154
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $24,272 · end of year $45,277
-
19 · Deferred revenue
beginning of year $9,814 · end of year $2,701
-
23 · Secured mortgages and notes payable
beginning of year $57,625 · end of year $8,266
-
24 · Unsecured notes and loans payable
beginning of year $143,942 · end of year $136,583
-
27 · Net assets without donor restrictions
beginning of year -$131,795 · end of year -$76,822
-
28 · Net assets with donor restrictions
beginning of year $96,271
Mission and programs · 2024
Mission
TO SERVE OUR MEMBERS AND THE PEOPLE OF CHENANGO COUNTY THROUGH PARTNERSHIP WITH BUSINESSES AND ALL LEVELS OF GOVERNMENT,TO LEVERAGE RESOURCES FOR SUSTAINABLE ECONOMIC GROWTH.
-
SPECIAL EVENTS - MEMBER PROGRAMS DESIGNED TO PROMOTE COMMUNITY ANDNETWORKING OPPORTUNITIES FOR MEMBERS.
Expenses $170,955 · Revenue $105,285
-
ECONOMIC DEVELOPMENT - PROGRAMS TO PROVIDE ADMINISTRATIVE SERVICES TO NOT-FOR-PROFIT ORGANIZATIONS WHICH HAVE A SIMILAR MISSION TO COMMERCE CHENANGO. THE SERVICES MAY INCLUDE, BUT ARE NOT LIMITED TO, PERSONNEL MANAGEMENT, FISCAL MANAGEMENT, AND USE OF OFFICE FACILITIES.
Expenses $163,105 · Revenue $468,284
-
TOURISM - MEMBERSHIP PROGRAMS DESIGNED TO PROMOTE MEMBER ORGANIZATIONS,THE ECONOMIC WELL-BEING OF THE COMMUNITY, AND THE NATURAL BEAUTY OFCHENANGO COUNTY, ADMINISTRATION OF "I LOVE NEW YORK" GRANT AND NEW YORKTOURISM GRANTS.
Expenses $118,057 · Revenue $185,217
As filed on the 2024 return.
Listed in Part VII
-
Salvatore TestaniSALVATORE TESTANI
President & CEO
- Total calculated
- $120,064
- From this org
- $87,003
- From related orgs
- $33,061
- Other
- $0
- Hours/week
- 40 + 28 related
-
Philip WadePHILIP WADE
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Shane ButlerSHANE BUTLER
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael KeenanMICHAEL KEENAN
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff BlanchardJEFF BLANCHARD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Amy HowardAMY HOWARD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael O'ReillyMICHAEL O'REILLY
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Rc WoodfordRC WOODFORD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Peter LennonPETER LENNON
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Benedikt SanderBENEDIKT SANDER
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike FlanaganMIKE FLANAGAN
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Shannon SlackSHANNON SLACK
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott RyanSCOTT RYAN
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian BurtonBRIAN BURTON
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kurt EdwardsKURT EDWARDS
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Luke MurphyLUKE MURPHY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Robert MurrerROBERT MURRER
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Julia MillerJULIA MILLER
Director
- Total calculated
- $0
- Hours/week
- 1
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.
-
THE CHENANGO FOUNDATION
501(C)(3) · PROMOTE ACTIVITIES FOR CHENANGO CO · NY
Directly controlled by COMMERCE CHENANGO INC
-
DEVELOPMENT CHENANGO CORPORATION
501(C)(3) · BUSINESS DEVELOPMENT IN CHENANGO CO · NY
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512309349301116
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