CAPITAL REGION CHAMBER OF COMMERCE INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
CAPITAL REGION CHAMBER OF COMMERCE INC (EIN 47-4159612)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202213199349301126
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-15T07:40:16-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN141731700PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL A TOBIN & ASSOC CPA'S PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line118 COMPUTER DRIVE EAST - SUITE 101AddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP122051290ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474159612EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAPITAL REGION CHAMBER OFBusinessNameLine1Txt
Business Name Line2COMMERCE INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCAPIBusinessNameControlTxt
Phone5184311416PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1FIVE COMPUTER DRIVE SOUTHAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK N EAGANPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone5184311416PhoneNum
Signature2022-11-15SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMARKPersonFirstNm
Person LastEAGANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL A TOBIN IIPreparerPersonNm
PTINP00248170PTIN
Phone5189808100PhoneNum
Preparation2022-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK N EAGANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1FIVE COMPUTER DRIVE SOUTHAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$12,897,276GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressCAPITALREGIONCHAMBER.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTHE MISSION OF THE CAPITAL REGION CHAMBER OF COMMERCE, INC. IS TO BE A UNIFYING FORCE TO PROVIDE GREATER INFLUENCE AND OPPORTUNITIES FOR OUR MEMBERS AND OUR CAPITAL REGION COMMUNITIES.ActivityOrMissionDesc
Voting Members Governing Body39VotingMembersGoverningBodyCnt
Voting Members Independent39VotingMembersIndependentCnt
Total Employee40TotalEmployeeCnt
Total Volunteers183TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$906,221PYContributionsGrantsAmt
CY Contributions Grants$9,362,556CYContributionsGrantsAmt
PY Program Service Revenue$2,689,613PYProgramServiceRevenueAmt
CY Program Service Revenue$3,103,894CYProgramServiceRevenueAmt
PY Investment Income$65,879PYInvestmentIncomeAmt
CY Investment Income$179,958CYInvestmentIncomeAmt
PY Other Revenue-$28PYOtherRevenueAmt
CY Other Revenue$2,635CYOtherRevenueAmt
PY Total Revenue$3,661,685PYTotalRevenueAmt
CY Total Revenue$12,649,043CYTotalRevenueAmt
PY Grants And Similar Paid$25,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,175CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,432,879PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,202,036CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,073,663PYOtherExpensesAmt
CY Other Expenses$2,038,754CYOtherExpensesAmt
PY Total Expenses$3,531,542PYTotalExpensesAmt
CY Total Expenses$4,242,965CYTotalExpensesAmt
PY Revenues Less Expenses$130,143PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$8,406,078CYRevenuesLessExpensesAmt
Total Assets BOY$5,178,439TotalAssetsBOYAmt
Total Assets EOY$13,508,387TotalAssetsEOYAmt
Total Liabilities BOY$2,096,453TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,796,231TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,081,986NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$11,712,156NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF THE CAPITAL REGION CHAMBER OF COMMERCE, INC. IS TO BE A UNIFYING FORCE TO PROVIDE GREATER INFLUENCE AND OPPORTUNITIES FOR OUR MEMBERS AND OUR CAPITAL REGION COMMUNITIES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,382,522ExpenseAmt
Revenue$2,317,114RevenueAmt
DescMEMBER SERVICES - SERVE THE DIVERSE INTERESTS OF MEMBER BUSINESSES BY PROVIDING RELEVANT PROGRAMS, SERVICES AND BENEFITS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$596,546ExpenseAmt
Revenue$256,326RevenueAmt
DescTALENT DEVELOPMENT -SUPPORT BUSINESSES TO ATTRACT AND DEVELOP THEIR HUMAN CAPITAL; THIS INCLUDES EDUCATION/WORKFORCE DEVELOPMENT, DIVERSITY AND INCLUSION, YOUNG PROFESSIONALS NETWORK, AND LEADERSHIP TECH VALLEY.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$770,021ExpenseAmt
Grant$2,175GrantAmt
Revenue$494,054RevenueAmt
DescBUSINESS GROWTH - PROVIDE RESOURCES TO FUEL GROWTH INCLUDING TECHNICAL ASSISTANCE, LOAN PROGRAMS AND ENTREPRENEURIAL START-UP SUPPORT.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$250,735ExpenseAmt
Revenue$36,400RevenueAmt
DescADVOCACY - PROVIDE LEADERSHIP AND A UNITED VOICE TO ASSERTIVELY ADVOCATE ON ISSUES, POLICIES AND PROJECTS THAT WILL IMPROVE THE BUSINESS CLIMATE AND ENHANCE THE COMPETITIVENESS AND ECONOMIC VITALITY OF THE REGION.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$250,735TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$36,400TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$2,999,824TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxYes (true)SubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document35IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee40EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members39GoverningBodyVotingMembersCnt
Independent Voting Member39IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCHRISTINE HOLLEPersonNm
Phone5184311416PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1FIVE COMPUTER DRIVE SOUTHAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (46 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtHighest Compensated EmployeeHighestCompensatedEmployeeInd
RUTH MAHONEY
CHAIR1.00Yes (X)Yes (X)$0$0$0
JEFFREY BUELL
CHAIR-ELECT1.00Yes (X)Yes (X)$0$0$0
STEPHEN J OBERMAYER
TREASURER1.00Yes (X)Yes (X)$0$0$00.00
DAVID R HARRIS PHD
SECRETARY1.00Yes (X)Yes (X)$0$0$0
PAUL MILTON
DIRECTOR1.00Yes (X)$0$0$0
RAIMUNDO ARCHIBOLD
DIRECTOR1.00Yes (X)$0$0$0
LISA S AVILA PHD
DIRECTOR1.00Yes (X)$0$0$0
CARM BASILE
DIRECTOR1.00Yes (X)$0$0$0
ANGELA BEDDOE
DIRECTOR1.00Yes (X)$0$0$0
JOHN D BENNETT MD
DIRECTOR1.00Yes (X)$0$0$0
BETH BESHAW
DIRECTOR1.00Yes (X)$0$0$0
DONALD BOYLE
DIRECTOR1.00Yes (X)$0$0$0
ANTHONY CARNEVALE
DIRECTOR1.00Yes (X)$0$0$0
SUJATA CHAUDHRY
DIRECTOR1.00Yes (X)$0$0$0
ANTONIO CIVITELLA
DIRECTOR1.00Yes (X)$0$0$0
ANDREA CRISAFULLI
DIRECTOR1.00Yes (X)$0$0$0
JOHN DEAUGUSTINE
DIRECTOR1.00Yes (X)$0$0$0
CARMINE DECRESCENTE III
DIRECTOR1.00Yes (X)$0$0$0
DAVID DEMARCO
DIRECTOR1.00Yes (X)$0$0$0
CHRISTOPHER DOWD
DIRECTOR1.00Yes (X)$0$0$0
DAVID HANNOUSH
DIRECTOR1.00Yes (X)$0$0$0
RICHARD HENDRICK
DIRECTOR1.00Yes (X)$0$0$0
JENNIFER LAWRENCE
DIRECTOR1.00Yes (X)$0$0$0
ANNE MCENTEE
DIRECTOR1.00Yes (X)$0$0$0
ROSE U MILLER
DIRECTOR1.00Yes (X)$0$0$0
WILLIE MIRANDA JR
DIRECTOR1.00Yes (X)$0$0$0
VINCENT L NELSON
DIRECTOR1.00Yes (X)$0$0$0
JAMIE ORTIZ
DIRECTOR1.00Yes (X)$0$0$0
HEATHER A PETERSON
DIRECTOR1.00Yes (X)$0$0$0
LAURA POLTYNSKI
DIRECTOR1.00Yes (X)$0$0$0
ROGER RAMSAMMY PHD
DIRECTOR1.00Yes (X)$0$0$0
JENNIFER RAO
DIRECTOR1.00Yes (X)$0$0$0
JOHN ROBINSON
DIRECTOR1.00Yes (X)$0$0$0
ROBERT T SCHOFIELD
DIRECTOR1.00Yes (X)$0$0$0
DEAN SKARLIS PHD
DIRECTOR1.00Yes (X)$0$0$0
RICHAED P SLEASMAN
DIRECTOR1.00Yes (X)$0$0$0
ELIZABETH SOBOL
DIRECTOR1.00Yes (X)$0$0$0
SCOTT D STEVENS
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL YORK
DIRECTOR1.00Yes (X)$0$0$0
MARK N EAGAN
PRESIDENT &28.00Yes (X)$300,849$49,570$51,09517.00
CHRISTINE A HOLLE
VP, FINANCE23.00Yes (X)$97,316$10,554$7,57822.00
PETER P BARDUNIAS
SENIOR VP,ME40.00$118,226$0$10,314Yes (X)
LAURA E MANN
VP, BUS. RE40.00$108,653$0$18,324Yes (X)
MARNA S REDDING
VP, MEMBER S40.00$106,527$0$9,990Yes (X)
THOMAS J O'CONNOR
VP, GOV'T AF40.00$103,585$0$9,114Yes (X)
JASON F BENITEZ
VP, DEI40.00$102,425$0$8,956Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$937,581TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$60,124TotReportableCompRltdOrgAmt
Total Other Compensation$115,371TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K6IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ADNET TECHNOLOGIES NY LLCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1DEPT 100040 PO BOX 150518AddressLine1Txt
CityHARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP061150518ZIPCd
FieldValueIRS element (for citing)
ServicesIT SERVICESServicesDesc
Compensation$173,109CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Related Organizations$842,339RelatedOrganizationsAmt
Government Grants$8,520,217GovernmentGrantsAmt
Total Contributions$9,362,556TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBER SERVICES561000$2,317,114$2,317,114
BUSINESS GROWTH900099$448,572$448,572
TALENT900099$256,326$256,326
LOAN INTEREST INCOME900099$45,482$45,482
ADVOCACY900099$36,400$36,400
FieldValueIRS element (for citing)
Total Program Service Revenue$3,103,894TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$39,614TotalRevenueColumnAmt
Related Or Exempt Func Income$39,614RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$375,234SecuritiesAmt
Other$13,343OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$248,233SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$127,001SecuritiesAmt
Other$13,343OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$140,344TotalRevenueColumnAmt
Related Or Exempt Func Income$140,344RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Business900099BusinessCd
Total Revenue Column$2,635TotalRevenueColumnAmt
Related Or Exempt Func Income$2,635RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,635OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,649,043TotalRevenueColumnAmt
Related Or Exempt Func Income$3,286,487RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,175TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,807,533TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$128,645TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$118,542TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$147,316TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,000TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$34,130TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$24,481TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$154,041TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$17,449TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$84,822TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$257,761TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$337,506TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,997TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$171,473TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$20,152TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$17,595TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
LOAN LOSS RESERVE$340,186
INTERCOMPANY EXPENSE$300,559
ADMINISTRATIVE FEES$194,108
LOAN PROCESSING FEES$55,823

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$22,671TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,242,965TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$412,854BOYAmt
EOY$1,745,610EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$706,873BOYAmt
EOY$519,594EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$140,331BOYAmt
EOY$49,387EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$182,039BOYAmt
EOY$3,104EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$35,350BOYAmt
EOY$54,773EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$709,159LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$594,402LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$66,193BOYAmt
EOY$114,757EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,568,035BOYAmt
EOY$3,309,212EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,066,764BOYAmt
EOY$7,711,950EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,178,439BOYAmt
EOY$13,508,387EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$204,417BOYAmt
EOY$253,164EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,040,933BOYAmt
EOY$666,985EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$851,103BOYAmt
EOY$876,082EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,096,453BOYAmt
EOY$1,796,231EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,916,561BOYAmt
EOY$3,921,190EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$165,425BOYAmt
EOY$7,790,966EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,081,986BOYAmt
EOY$11,712,156EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,178,439BOYAmt
EOY$13,508,387EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$8,406,078ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$224,092NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues NondedfalseSubstantiallyAllDuesNondedInd
Only In House LobbyingfalseOnlyInHouseLobbyingInd
Agree Carryover Prior YearfalseAgreeCarryoverPriorYearInd
Dues Assessments$1,782,400DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$27,921NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$27,921NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$44,560AggregateReportedDuesNtcAmt
Taxable-$16,639TaxableAmt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$326,088OtherCostOrOtherBasisAmt
Depreciation$321,225DepreciationAmt
Book Value$4,863BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$334,346OtherCostOrOtherBasisAmt
Depreciation$224,452DepreciationAmt
Book Value$109,894BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$48,725OtherCostOrOtherBasisAmt
Depreciation$48,725DepreciationAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$114,757TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (6 entries)

DescDescBook ValueBookValueAmt
LOANS RECEIVABLE-REVOLVING LOAN FUND$6,463,803
DUE FROM RELATED PARTY$549,033
INVESTMENTS HELD FOR 457(B) PLAN$473,620
GRANT FUNDS HELD IN TRUST-CUSTODIAL$217,003
ACCRUED INTERST-REVOLVING LOAN FUND$8,391
INVESTMENT IN RELATED PARTY$100
FieldValueIRS element (for citing)
Total Book Value Other Assets$7,711,950TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
INVESTMENTS HELD FOR 457(B) PLAN$473,620
REFUNDABLE GRANTS$217,003
FUNDS HELD ON BEHALF OF OTHERS$185,459
FieldValueIRS element (for citing)
Total Liability$876,082TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationTHE CHAMBER ADOPTED THE PROVISIONS OF FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ADOPTION OF THIS STANDARD RESULTED IN NO UNCERTAIN TAX BENEFITS OR PROVISIONS IDENTIFIED AND RECORDED AS A LIABILITY OR ASSET. THE CHAMBER BELIEVES THAT THERE ARE NO TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX BENEIFTS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE CHAMBER'S FEDERAL OR STATE INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE OR STATE TAX AUTHORITIES.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMARK N EAGANPersonNm
TitlePRESIDENT & CEOTitleTxt
Base Compensation Filing Org$269,996BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$49,570CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$30,853BonusFilingOrganizationAmount
Deferred Compensation Flng Org$20,090DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$3,110DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$23,711NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$4,184NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$344,650TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$56,864TotalCompensationRltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DADVOCACY - PROVIDE LEADERSHIP AND A UNITED VOICE TO ASSERTIVELY ADVOCATE ON ISSUES, POLICIES AND PROJECTS THAT WILL IMPROVE THE BUSINESS CLIMATE AND ENHANCE THE COMPETITIVENESS AND ECONOMIC VITALITY OF THE REGION.
FORM 990, PAGE 6, PART VI, LINE 6MEMBERS CONSIST OF ALL FIRMS, CORPORATIONS AND PERSONS INVOLVED IN THE INDUSTRIAL, COMMERCIAL, FINANCIAL, EDUCATIONAL, CULTURAL OR GENERAL WELL-BEING OF THE REGION, OR WHO DESIRE TO PRESERVE AND PROMOTE THE OBJECTIVE OF THE CHAMBER.
FORM 990, PAGE 6, PART VI, LINE 7AAN ANNUAL MEETING OF THE MEMBERS IS HELD ON A DATE FIXED BY THE CHAIR OF THE BOARD OR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE PURPOSE OF THE ANNUAL MEETING IS TO ELECT DIRECTORS, AND TO CONDUCT SUCH OTHER BUSINESS AS MAY COME BEFORE THE MEETING.
FORM 990, PAGE 6, PART VI, LINE 11BCOPY WAS POSTED TO THE BOARD MEMBER PAGE OF THE CHAMBER'S WEBSITE TO BE VIEWED BEFORE FILING OF THE TAX RETURN.
FORM 990, PAGE 6, PART VI, LINE 12CTHIS IS MONITORED ANNUALLY AS PART OF THE BOARDS ANNUAL MEETING.
FORM 990, PAGE 6, PART VI, LINE 15ATHE POLICY IS TO COMPENSATE THE CHIEF EXECUTIVE OFFICER BASED ON NATIONAL COMPARISONS. KEY EMPLOYEES ARE COMPENSATED BASED ON SIMILAR POSITIONS IN THE REGION. THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES PROVIDES PAYROLL COMPARISON AND IS A SOURCE THAT IS REVIEWED TO OBTAIN INFORMATION FOR COMPARISON.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
CAPITAL REGION CHAMBER FOUNDATION
FIVE COMPUTER DRIVE SOUTHALBANYNY122051608141736856EDUCATIONANY501C312BN/Afalse
ALBANY-COLONIE REGIONAL CHAMBER
FIVE COMPUTER DRIVE SOUTHALBANYNY12205140461460COMM PROG.NY501C6N/Afalse
SCHENECTADY COUNTY CHAMBER
FIVE COMPUTER DRIVE SOUTHALBANYNY12205141041320COMM PROG.NY501C6N/Afalse
THE CHAMBER OF SOUTHERN SARATOGA CO
FIVE COMPUTER DRIVE SOUTHALBANYNY12205141615023COMM PROG.NY501C6N/Afalse
CEG OF THE CAPITAL REGION INC
FIVE COMPUTER DRIVE SOUTHALBANYNY12205822369976ECON GWTHNY501C6N/Afalse
CENTER FOR ECONOMIC GROWTH INC
FIVE COMPUTER DRIVE SOUTHALBANYNY12205222880333ECON GWTHNY501C310N/Afalse

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1BUSINESS SERVICES CORPORATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1FIVE COMPUTER DRIVE SOUTHAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP122051608ZIPCd
FieldValueIRS element (for citing)
EIN141767209EIN
Primary ActivitiesBUS GROWTHPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd
Entity TypeC CORPEntityTypeTxt
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (true)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (10 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CAPITAL REGION CHAMBER FOUNDATION
N$158,703ALLOC BASED ON STAFFING %
CAPITAL REGION CHAMBER FOUNDATION
O$555,457ALLOC BASED ON STAFFING %
CAPITAL REGION CHAMBER FOUNDATION
D$253,722
CAPITAL REGION CHAMBER FOUNDATION
B$300,559
BUSINESS SERVICES CORPORATION
C$39,043
BUSINESS SERVICES CORPORATION
N$17,712ALLOC BASED ON STAFFING %
BUSINESS SERVICES CORPORATION
O$71,424ALLOC BASED ON STAFFING %
BUSINESS SERVICES CORPORATION
D$215,482
CEG OF THE CAPITAL REGION INC
D$34,899
CENTER FOR ECONOMIC GROWTH INC
D$44,930

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.