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Nonprofiteer
← TOMPKINS COUNTY CHAMBER OF COMMERCE INC

Form 990 for tax year 2024

Filed by TOMPKINS COUNTY CHAMBER OF COMMERCE INC.

Totals

Total revenue
$2,983,666
Total expenses
$2,731,869
Contributions and grants received
$163,066
Grants paid
$0
Program service revenue
$2,680,329
Investment income
$36,942
Other revenue
$103,329
Total assets, end of year
$2,917,712
Total liabilities, end of year
$1,282,197
Net assets or fund balances, end of year
$1,635,515
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,388,703

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.

  • 1e · Government grants (contributions)

    $163,066

  • 2a · Program service revenue: TOMPKINS COUNTY OCCUPAN

    total $2,117,520 · related or exempt $2,117,520

  • 2b · Program service revenue: MEMBER DUES

    total $350,363 · related or exempt $350,363

  • 2c · Program service revenue: PROGRAMS AND EVENTS

    total $212,446 · related or exempt $212,446

  • 3 · Investment income

    total $36,942 · related or exempt $36,942

  • 8a · Fundraising events: gross income

    $36,493

  • 8b · Fundraising events: direct expenses

    $19,082

  • 8c · Net income from fundraising events

    total $17,411 · excluded $17,411

  • 10a · Gross sales of inventory

    $152,727

  • 10b · Cost of goods sold

    $78,174

  • 10c · Net income from sales of inventory

    total $74,553 · related or exempt $74,553

  • 11a · Other revenue: Other Income

    total $11,165 · related or exempt $11,165

  • 11b · Other revenue: Foundation Admin Fees

    total $200 · related or exempt $200

  • 11e · Other revenue, total

    $11,365

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $241,053

  • 7 · Other salaries and wages

    total $1,029,130

  • 9 · Other employee benefits

    total $128,896

  • 10 · Payroll taxes

    total $104,589

  • 11f · Fees: investment management

    total $4,584

  • 11g · Fees: other

    total $124,981

  • 12 · Advertising and promotion

    total $372,514

  • 13 · Office expenses

    total $51,624

  • 14 · Information technology

    total $96,611

  • 16 · Occupancy

    total $241,454

  • 17 · Travel

    total $8,542

  • 22 · Depreciation, depletion and amortization

    total $25,721

  • 23 · Insurance

    total $15,010

  • 24a · Other expenses: EVENTS AND OTHER

    total $72,591 · program services $72,591

  • 24b · Other expenses: SPECIAL PROJECTSRESEARCH

    total $42,240 · program services $42,240

  • 24c · Other expenses: OTHER PROGRAM EXPENSES

    total $61,263 · program services $45,130 · management and general $14,521 · fundraising $1,612

  • 24d · Other expenses: MATCHING FUNDS

    total $111,066 · program services $111,066

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $534,042 · end of year $626,654

  • 2 · Savings and temporary cash investments

    beginning of year $256,444 · end of year $245,164

  • 4 · Accounts receivable

    beginning of year $106,798 · end of year $96,635

  • 8 · Inventories for sale or use

    beginning of year $29,458 · end of year $43,422

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,208 · end of year $75,254

  • 10a · Land, buildings and equipment: cost or other basis

    $222,112

  • 10b · Land, buildings and equipment: accumulated depreciation

    $133,980

  • 10c · Land, buildings and equipment, net

    beginning of year $105,534 · end of year $88,132

  • 11 · Investments: publicly traded securities

    beginning of year $632,413 · end of year $749,017

  • 15 · Other assets

    beginning of year $1,072,918 · end of year $993,434

  • 17 · Accounts payable and accrued expenses

    beginning of year $161,910 · end of year $188,527

  • 19 · Deferred revenue

    beginning of year $63,862 · end of year $106,571

  • 23 · Secured mortgages and notes payable

    beginning of year $155,622

  • 25 · Other liabilities

    beginning of year $1,066,583 · end of year $987,099

  • 27 · Net assets without donor restrictions

    beginning of year $1,340,232 · end of year $1,592,103

  • 28 · Net assets with donor restrictions

    beginning of year $14,606 · end of year $43,412

Mission and programs · 2024

Mission

The mission of the organization is to foster sustainable economic growth through service to our members, strategic advocacy, workforce development, destination marketing, and quality of life investments. Our vision is an inclusive community, where people and businesses thrive.

  • CONVENTION AND VISITORS BUREAU - TO PROMOTE TOMPKINS COUNTY FOR CONVENTIONS AND TOURISM THROUGH DISTRIBUTION OF BROCHURES, MAPS, AND OTHER PROMOTIONAL MATERIAL. NOTE: PROGRAM SERVICE EXPENSES DOES NOT INCLUDE ALLOCATION OF MANAGEMENT AND GENERAL EXPENSES.

    Expenses $1,831,906

  • MEMBER SERVICES - SUPPORT OF MEMBERS, ON THE JOB TRAINING, AND OTHER SUPPORTING SERVICES. EVENTS - ANNUAL DINNER, BUSINESS AFTER HOURS, AND OTHER VARIOUS - TO PROMOTE, RECOGNIZE, ENCOURAGE PARTICIPATION AND FORM A GATHERING PLACE AND NETWORKING ENVIRONMENT FOR TOMPKINS COUNTY BUSINESSES. NOTE: PROGRAM SERVICE EXPENSES DOES NOT INCLUDE MANAGEMENT AND GENERAL.

    Expenses $556,797

As filed on the 2024 return.

Listed in Part VII

  • Jennifer Tavares

    PRESSECRETARY 1124 - 92724

    Total calculated
    $130,288
    From this org
    $130,288
    From related orgs
    $0
    Other
    $0
    Hours/week
    39 + 1 related

  • Margaret Coleman

    PRESSECRETARY 92824 -123124

    Total calculated
    $42,092
    From this org
    $42,092
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Colleen Anunu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Turco

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Astrid Jirka

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Perehinec

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathy Nivison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tal Cohen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susie Gutenburger-Fitzpatrick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Herb Alexander

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Yen Wu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Riley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melissa Vanderhoof

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kellyann OMara

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • George Ferrari

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Todd Mallinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heather McDaniel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Reifenheiser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Emily Russell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Knipe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Debra Stebel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Margo Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Sponn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carol Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gregory Mezey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Kremenek

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Larry Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Nan Rohrer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Timothy Downs

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kelli Cartmill

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rachel Hogancamp

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Aly Evans

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • Amy Iles

    ASSISTANT TREASURER

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
29 April 2025
IRS schema version
2024v5.2
Source object
202532949349300013

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