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Nonprofiteer
← QUEENS COUNTY CHAMBER OF COMMERCE FOUNDATION INC

Form 990 for tax year 2024

Filed by QUEENS COUNTY CHAMBER OF COMMERCE FOUNDATION INC.

Totals

Total revenue
$33,412
Total expenses
$278,224
Contributions and grants received
$33,412
Grants paid
$37,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$499,067
Total liabilities, end of year
$31,904
Net assets or fund balances, end of year
$467,163
Program services expenses (Part IX)
$245,230
Management and general expenses
$30,085
Fundraising expenses
$2,909
Program service expenses (Part III)
$245,230

Program services were 88.1% 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.

  • 1c · Fundraising events

    $31,408

  • 1f · All other contributions, gifts and grants

    $2,004

  • 8a · Fundraising events: gross income

    $24,410

  • 8a · Fundraising events: contributions included on line 1c

    $31,408

  • 8b · Fundraising events: direct expenses

    $24,410

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $37,000 · program services $37,000

  • 7 · Other salaries and wages

    total $27,038 · program services $18,424 · management and general $7,172 · fundraising $1,442

  • 11c · Fees: accounting

    total $12,500 · management and general $12,500

  • 11g · Fees: other

    total $171,050 · program services $171,050

  • 13 · Office expenses

    total $26,693 · program services $18,190 · management and general $7,080 · fundraising $1,423

  • 23 · Insurance

    total $830 · program services $566 · management and general $220 · fundraising $44

  • 24a · Other expenses: BANK AND OTHER FEES

    total $3,113 · management and general $3,113

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $218,978 · end of year $249,067

  • 3 · Pledges and grants receivable

    beginning of year $500,000 · end of year $250,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,003 · end of year $17,318

  • 25 · Other liabilities

    beginning of year $1,000 · end of year $14,586

  • 27 · Net assets without donor restrictions

    beginning of year $162,875 · end of year $118,793

  • 28 · Net assets with donor restrictions

    beginning of year $549,100 · end of year $348,370

Mission and programs · 2024

Mission

PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT FOR BUSINESSES SUFFERING CATASTROPHIC LOSSES.

  • PROVIDED SCHOLARSHIPS TO VARIOUS NEEDY STUDENTS AND PROVIDED DISASTER RELIEF FOR VICTIMS OF HURRICANE SANDY. TO PROVIDE EDUCATIONAL AND OTHER ASSISTANCE TO RELIEF TO NEEDY QUEENS RESIDENTS AND BUSINESSES. PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT FOR BUSINESSES SUFFERING CATASTROPHIC LOSSES. PROVIDE EDUCATIONAL AND OTHER ASSISTANCE TO NEEDY QUEENS RESIDENTS AND BUSINESSES. PROVIDE ASSISTANCE TO BUSINESSES SUFFERING FOR CATISTROPHIC LOSSES. PROVIDED DISASTER RELIEF FOR VICTIMS OF HURRICANE SANDY.

    Expenses $245,230 · Grants $37,000

As filed on the 2024 return.

Listed in Part VII

  • MARIAN CONWAY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • THOMAS J GRECH

    VICE PRESIDENT

    Total calculated
    $252,373
    From this org
    $0
    From related orgs
    $252,373
    Other
    $0
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,373 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $252,373 related

  • JUDY NG

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • MAYRA DIRICO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KENNETH ADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAY HENDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSHUA BIENSTOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN RACANELLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK KUPFERBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EILEEN AULD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK SCHIENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

None.

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

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
2024
Filed
16 October 2025
IRS schema version
2024v5.2
Source object
202512899349301526

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