2022-02-15T09:57:44-06:00 2020-12-31 271728945 PKF O'CONNOR DAVIES LLP 32 FOSTERTOWN ROAD NEWBURGH NY 12550 990 2020-07-01 460476778 THE CHAMBER FOUNDATION INC CHAM 8454541700 1 CIVIC CENTER PLAZA NO 400 POUGHKEEPSIE NY 12601 FRANK CASTELLA JR PRESIDENT & CEO 8454541700 2022-02-08 1 FRANK CASTELLA JR 999009999 TRACY L BADGLEY P00152200 8455655400 2022-02-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z FRANK CASTELLA JR 1 CIVIC CENTER PLAZA NO 400 POUGHKEEPSIE NY 12601 347261 0 X CHAMBERFDN.ORG X 2002 NY TO ASSIST THE DUTCHESS COUNTY REGIONAL CHAMBER OF COMMERCE, INC. IN THE BUILDING AND SUPPORT OF A QUALIFIED WORKFORCE BY FOSTERING EDUCATIONAL OPPORTUNITIES THROUGH SCHOLARSHIPS, AND ALSO COORDINATING A WORKFORCE DEVELOPMENT PROGRAM THAT INSTRUCTS AND EDUCATES. 15 15 22 94 0 0 127805 22181 685807 265268 5190 3322 13950 37505 832752 328276 41000 0 0 0 591179 264871 0 0 27740 286515 92210 918694 357081 -85942 -28805 538698 505063 242695 208186 296003 296877 X TO ASSIST THE DUTCHESS COUNTY REGIONAL CHAMBER OF COMMERCE, INC. IN THE BUILDING AND SUPPORT OF A QUALIFIED WORKFORCE BY FOSTERING EDUCATIONAL OPPORTUNITIES THROUGH SCHOLARSHIPS, AND ALSO COORDINATING A WORKFORCE DEVELOPMENT PROGRAM THAT INSTRUCTS AND EDUCATES. 0 0 171049 162783 DC YOUTH ONE STOP PROVIDES INCOME ELIGIBLE YOUTH AGED 14-24 WITH TRAINING, EDUCATION, AND EMPLOYMENT SUPPORT WITH THE GOAL OF ESTABLISHING CAREER PATHWAYS IN ACCORDANCE WITH FEDERAL WIOA PROGRAM GUIDELINES. THE PROGRAM SERVED 75 YOUTH FROM DUTCHESS COUNTY WITH 14 YOUTH IN THE PROCESS OF ACHIEVING HIS OR HER HSE DIPLOMA AND 5 RECEIVING THEIR HSE DIPLOMA. 9 YOUTH PARTICIPATED IN THE WORK EXPERIENCE COMPONENT OF THE PROGRAM. SERVICES AND PROGRAMS WERE IMPACTED BY COVID RESTRICTIONS DURING THIS TIME PERIOD. 70680 74505 THE PROJECT FORWARD PROGRAM SERVED 43 YOUTH FROM THE CITY OF POUGHKEEPSIE AND PROVIDED AN ARRAY OF SUPPORTS INCLUDING ENROLLMENT IN POST-SECONDARY EDUCATION, EMPLOYMENT AND INDUSTRY RECOGNIZED CERTIFICATES. BY DECEMBER 2020, 10 YOUTH HAD COMPLETED THE PROGRAM AND WERE PLACED IN INTERNSHIPS OR OTHER HIGHER EDUCATION. SERVICES AND PROGRAMS WERE IMPACTED BY COVID RESTRICTIONS DURING THIS TIME PERIOD. 2521 0 THE ADOPT A FAMILY PROGRAM CONSISTED OF FOURTEEN FAMILIES COMPRISED OF 46 ADULTS AND CHILDREN RECEIVED HOLIDAY ITEMS, HOUSEHOLD GOODS AND FOOD DURING THE HOLIDAYS. 65732 27980 THE YOUTH LEADERSHIP PROGRAM, LEADERSHIP DUTCHESS, AND THE EXECUTIVE LEADERSHIP PROGRAMS WERE DESIGNED TO BUILD THE LEADERSHIP QUALITIES OF YOUTH AND ADULTS IN THE HUDSON VALLEY COMMUNITY. 65732 27980 309982 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 22 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 1 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X CHRISTOPHER MCCORMACK DIRECTOR OF 8454541700 ONE CIVIC CENTER PLAZA POUGHKEEPSIE NY 12601 MAUREEN KANGAS CHAIR 1.00 1.00 X X 0 0 0 BARBARA E OSTRANDER VICE CHAIR 1.00 X X 0 0 0 DAVID R WISE TREASURER 1.00 X X 0 0 0 JENNIFER PAWENSKI SECRETARY 1.00 X X 0 0 0 STACI CUSSICK DIRECTOR 1.00 X 0 0 0 JOANNA ESCANIO DIRECTOR 1.00 X 0 0 0 JOHN GENN DIRECTOR 1.00 X 0 0 0 TINA HAWKINSON DIRECTOR 1.00 X 0 0 0 KIM KENYON DIRECTOR 1.00 X 0 0 0 MATTHEW MULLANEY DIRECTOR 1.00 X 0 0 0 MICHAEL ROE DIRECTOR 1.00 X 0 0 0 ALFRED TORREGGIANI DIRECTOR 1.00 X 0 0 0 ROBYN WILLIAMS DIRECTOR 1.00 X 0 0 0 JOSE CARRION DIRECTOR 1.00 X 0 0 0 JESSICA PECCHIA DIRECTOR 1.00 X 0 0 0 AUDRA B GERTY EXEC. VP & CFO 10.00 30.00 X 32916 76804 16338 FRANK CASTELLA JR PRESIDENT & CEO 10.00 40.00 X 0 120292 1600 NICHOLAS SHANNON EXEC. DIRECTOR 35.00 0.00 X 79134 0 8251 112050 197096 26189 0 0 0 0 0 22181 1080 22181 DC YOUTH ONE STOP 611430 162783 162783 PROJECT FORWARD 611430 74505 74505 LEADERSHIP PROGRAMS 611430 27980 27980 265268 3322 3322 56490 18985 37505 37505 328276 265268 0 40827 77153 71553 2800 2800 162178 150448 5865 5865 2012 1862 75 75 23528 21904 812 812 8750 6124 1313 1313 1133 1133 2250 2250 10374 9494 440 440 3303 2667 318 318 20346 19304 521 521 789 717 36 36 6298 6298 2527 2253 137 137 MISCELLANEOUS 16434 2767 744 12923 YOUTH ONE 10658 10658 0 0 LEADERSHIP DUTCHESS 5296 5296 0 0 IN-KIND 2500 0 0 2500 1552 1552 357081 309982 19359 27740 134153 41592 155270 206137 10314 449 10352 3286 100164 65103 41359 35061 186671 218538 579 538698 505063 52665 33126 74682 39695 115348 135365 242695 208186 X 204380 205254 91623 91623 296003 296877 538698 505063 -28805 29679 0 X 1 X 0 1 0 X 31466 32711 25058 127805 22181 239221 707455 626930 682781 685807 265268 2968241 738921 659641 707839 813612 287449 3207462 0 582999 227288 810287 582999 227288 810287 2397175 4129 4907 5193 5190 3322 22741 4129 4907 5193 5190 3322 22741 63561 137725 133167 13950 37505 385908 806611 802273 846199 832752 328276 3616111 0.66290 0.87850 0.00630 0.00640 X PART III, SHORT YEAR EXPLANATION: THE ORGANIZATION HAS CHANGED IT'S YEAR-END TO 12/31 BEGINNING WITH THE CURRENT YEAR'S FILING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 186671 33000 1133 218538 224634 -7124 28250 2589 186671 217103 5000 4695 2164 224634 204464 14786 2147 217103 175389 5000 25967 1892 204464 0.35240 0.00000 0.64760 1 0 60932 45957 14975 39232 19146 20086 35061 MANAGED POOLED MUTUAL FUNDS 218538 F 218538 DUE TO CHAMBER 57647 SBA PAYROLL PROTECTION LOAN 77718 135365 X 365883 29679 9061 -1133 37607 328276 0 328276 365009 9061 9061 355948 1133 1133 357081 PART V, LINE 4: INTENDED USES FOR ENDOWMENT FUNDS USE OF FUNDS ARE RESTRICTED TO SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR TAX YEARS PRIOR TO FISCAL 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES -1,133. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 1,133. GOLF TOURNAMENT 43505 43505 11764 COSIMO DINNER 12985 12985 7221 3 56490 56490 18985 18985 37505 FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DELEGATED SALARY IS PAID THROUGH AN UNRELATED THIRD PARTY - ETHAN ALLEN HR SERVICES (FORMERLY STAFF-LINE). THEY ALSO PROVIDE HUMAN RESOURCE SERVICES, AND W-2 REPORTING. PAYROLL TAXES ARE ALSO PAID BY ETHAN ALLEN HR SERVICES. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS THE BY-LAWS INDICATE MEMBERSHIP IS AUTHORIZED. DUTCHESS COUNTY REGIONAL CHAMBER OF COMMERCE, INC. SHALL BE THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B ANY BY-LAW ADOPTED BY THE BOARD MAY BE AMENDED OR REPEALED BY THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. AFTER REVIEW BY THE MANAGEMENT TEAM, AN ELECTRONIC COPY IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL. AFTER APPROVAL FROM THE BOARD AND MANAGEMENT TEAM FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DISCLOSURE PROCEDURES EACH BOARD MEMBER SHALL BE REQUIRED TO SUBMIT TO THE SECRETARY, PRIOR TO INITIAL ELECTION TO THE BOARD, A WRITTEN CONFLICT OF INTEREST DISCLOSURE STATEMENT. OFFICERS, KEY EMPLOYEES AND BOARD MEMBERS SHALL ANNUALLY SUBMIT A WRITTEN CONFLICT OF INTEREST DISCLOSURE STATEMENT NOT MORE THAN 30 DAYS FROM THE START OF THE CALENDAR YEAR. FAILURE TO SIGN SUCH A STATEMENT WILL RESULT IN A SUSPENSION FROM THE BOARD UNTIL THE STATEMENT IS SIGNED. THOSE BOARD MEMBERS WHO BELIEVE UNDER THE FOLLOWING CIRCUMSTANCES THEY MAY HAVE A CONFLICT OF INTEREST MUST IMMEDIATELY CONTACT THE CHIEF FINANCIAL OFFICER OF DCRCOC: A) UPON FINDING THAT SUCH BOARD MEMBER OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY HAS AN INTEREST OR POSSIBLE INTEREST IN AN ENTERPRISE OR TRANSACTION THAT CREATES, OR MIGHT CREATE, A POSSIBLE CONFLICT OF INTEREST; B) UPON ENTERING INTO ANY RELATIONSHIP THAT MIGHT INVOLVE A CONFLICT OF INTEREST WITH, OR CAUSE EMBARRASSMENT TO, DCRCOC; C) UPON LEARNING THAT ANOTHER BOARD MEMBER OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY HAS AN INTEREST OR POSSIBLE INTEREST IN AN ENTERPRISE OR TRANSACTION THAT CREATES, OR MIGHT CREATE, A POSSIBLE CONFLICT OF INTEREST; OR D) SUBSEQUENT TO SIGNING THE POLICY, IF ANY CIRCUMSTANCES NOTED ABOVE HAVE OCCURRED. E) UPON BEING NOTIFIED, THE CHIEF FINANCIAL OFFICER SHALL PROVIDE SAID INFORMATION TO THE EXECUTIVE COMMITTEE OF THE DCRCOC, WHO WILL REVIEW SAID INFORMATION, AND IF NECESSARY REFER THE MATTER TO THE BOARD COUNSEL AS WHETHER REASONABLE CAUSE EXISTS TO CONCLUDE A CONFLICT OF INTEREST EXISTS. BOARD COUNSEL SHALL REVIEW AND ADVISE THE EXECUTIVE COMMITTEE ON THE MATTER, WHO SHALL REPORT TO THE BOARD OF DIRECTORS. ACTION OF THE BOARD OF DIRECTORS. ANY STAFF OR BOARD MEMBER WHO HAS, MIGHT HAVE, OR HAS DISCLOSED, A POTENTIAL CONFLICT OF INTEREST TO WHICH SHALL HAVE BEEN CONFIRMED BY INDEPENDENT LEGAL COUNSEL SHALL, WHERE APPROPRIATE, AT THE DIRECTION OF THE EXECUTIVE COMMITTEE, TAKE NO PART IN THE BOARD OR COMMITTEE DELIBERATIONS OR VOTE ON THE MATTER GIVING RISE TO SUCH CONFLICT. HOWEVER, THE BOARD MAY REQUEST THAT THE PERSON WITH CONFLICT OF INTEREST PRESENT INFORMATION AS TO BACKGROUND OR ANSWER QUESTIONS AT A COMMITTEE OR BOARD MEETING PRIOR TO THE COMMENCEMENT OF DELIBERATIONS OR VOTING. SAID PERSON SHALL NOT ATTEMPT TO IMPROPERLY INFLUENCE THE DELIBERATIONS, DECISION-MAKING OR VOTE ON THE MATTER GIVING RISE TO SUCH CONFLICT. THE BOARD SHALL DIRECT THE CHIEF FINANCIAL OFFICER OR OTHER APPROPRIATE PERSON TO DOCUMENT THE EXISTENCE AND RESOLUTION OF THE CONFLICT, INCLUDING IN THE MEETING MINUTES, AT WHICH THE CONFLICT WAS DISCUSSED OR VOTED UPON. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION PACKAGE OF THE PRESIDENT/CEO AND EXECUTIVE VP/CFO IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE, ACTING ON BEHALF OF THE BOARD OF DIRECTORS, CONSIDERS THE OVERALL FINANCIAL AND OPERATIONAL PERFORMANCE OF THE CHAMBER TO DETERMINE IF A SALARY INCREASE IS MERITED. THIS OCCURS ANNUALLY BASED ON THE HIRE DATE ANNIVERSARY AND WAS LAST REVIEWED IN MARCH OF 2020. FOR TOP MANAGEMENT OFFICIALS, THE PRESIDENT & CEO AND EXECUTIVE VICE PRESIDENT & CFO CONDUCT AN INFORMAL SEMI-ANNUAL PERFORMANCE ASSESSMENT AND ANNUALLY CONDUCTS A WRITTEN PERFORMANCE ASSESSMENT OF TOP MANAGEMENT PERSONNEL. CONSIDERATION IS GIVEN TO THE PERSON'S COMMITMENT, SKILLS, LENGTH OF SERVICE AND OVERALL CONTRIBUTIONS TO THE CHAMBERS SERVICE AND FINANCIAL GOALS, AS WELL AS THE CHAMBER'S OPERATING BUDGET AND OVERALL ECONOMIC OUTLOOK. THE ANNIVERSARY HIRE DATE OF THE PERSON IS THE REVIEW DATE AND REVIEWS HAVE BEEN PERFORMED ACCORDINGLY DURING 2020. THE FINANCE COMMITTEE THEN REVIEWS AND REFERS THE OPERATING BUDGET TO THE BOARD FOR APPROVAL, AND RECOMMENDATIONS ARE MADE DURING THE BUDGET PROCESS AS TO SALARIES AND OTHER BENEFITS. DOCUMENTATION OF THE BUDGET REVIEW AND APPROVAL PROCESS IS PROVIDED THROUGH MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATION'S ADDRESS. DUTCHESS COUNTY REGIONAL CHAMBER OF COMMERCE ONE CIVIC CENTER PLAZA POUGHKEEPSIE NY 12601 140978000 BUSINESS ADVOCATE NY 501(C)(6) N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 DC REGIONAL CHAMBER OF COMMERCE D 57547 COST