2021-05-17T10:57:49-05:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 32 FOSTERTOWN ROAD NEWBURGH NY 12550 990 2019-07-01 460476778 THE CHAMBER FOUNDATION INC CHAM 8454541700 1 CIVIC CENTER PLAZA NO 400 POUGHKEEPSIE NY 12601 AUDRA B GERTY VICE PRESIDENT 8454541700 2021-05-13 1 TRACY L BADGLEY P00152200 8455655400 2021-05-13 2019 2022-09-23 18:48:47Z AUDRA B GERTY 1 CIVIC CENTER PLAZA NO 400 POUGHKEEPSIE NY 12601 838532 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 25 285 0 0 25058 127805 682781 685807 5193 5190 133167 13950 846199 832752 38907 41000 0 0 468951 591179 0 0 69459 283146 286515 791004 918694 55195 -85942 576175 538698 181916 242695 394259 296003 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 358193 361916 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. 105 IN-SCHOOL AND OUT-OF-SCHOOL YOUTH WERE PROVIDED SERVICES TO IMPROVE HIS OR HER EDUCATIONAL AND EMPLOYMENT SKILLS. 116773 99084 PROGRAMS DESIGNED TO BUILD THE LEADERSHIP QUALITIES OF YOUTH AND ADULTS IN THE HUDSON VALLEY COMMUNITY. 180 YOUTHS AND ADULTS WERE SERVED THROUGH VARIOUS LEADERSHIP PROGRAMS. 72367 2300 53059 THE 2019 ATHENA LEADERSHIP CONFERENCE WAS HOSTED FOR THE FIRST TIME IN THE HUDSON VALLEY AND ATTRACTED OVER 200 GUESTS AND SPEAKERS WHO ATTENDED THIS THREE-DAY CONFERENCE. ATTENDEES CHOSE FROM OVER 40 PRESENTATIONS AND ATTENDED THE ANNUAL ATHENA AWARDS DINNER WHICH RECOGNIZED FIVE OUTSTANDING NATIONAL AND INTERNATIONAL WOMEN LEADERS. 184481 38700 171748 TO FOSTER EDUCATIONAL OPPORTUNITES IN THE SERVICE AREA THROUGH THE ESTABLISHMENT OF SCHOLARSHIP PROGRAMS. SCHOLARSHIPS IN THE AMOUNT OF $41,000 WERE AWARDED TO INDIVIDUALS TO FURTHER THEIR ACADEMIC ENDEAVORS. FUNDRAISERS ARE HELD TO SUPPORT AND ENSURE THE CONTINUED AVAILABLITY OF THE FUNDS FOR SCHOLARSHIPS IN ADDITION TO TRANSFERS FROM SCHOLARSHIP ACCOUNTS. 19 SCHOLARSHIPS WERE AWARDED.OTHER PROGRAMS. 184481 38700 171748 731814 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 25 1 0 0 0 0 0 0 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 AUDRA B GERTY 8454541700 ONE CIVIC CENTER PLAZA POUGHKEEPSIE NY 12601 AUDRA B GERTY EXEC. VP & CFO 15.00 35.00 X 39395 91922 21621 FRANK CASTELLA JR PRESIDENT & CEO 10.00 40.00 X 0 142906 2698 NICHOLAS SHANNON EXEC. DIRECTOR 50.00 X 90882 0 12469 MAUREEN KANGAS CHAIR 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 JOSE CARRION DIRECTOR 1.00 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 JESSICA PECCHIA 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 130277 234828 36788 0 0 1 0 0 2500 125305 12095 127805 DC YOUTH ONE STOP 611430 361916 361916 LEADERSHIP PROGRAMS 611430 129936 129936 PROJECT FORWARD 611430 99084 99084 ATHENA CONFERENCE 611430 53059 53059 FIRST FRIDAY 611430 41812 41812 685807 5190 5190 19730 2500 5780 13950 13950 832752 685807 0 19140 41000 41000 148581 114188 22142 12251 370072 288671 55185 26216 20936 12712 3084 5140 51590 40600 7738 3252 525 525 7952 4025 3927 2589 2589 900 126 774 201 121 30 50 21179 14304 3897 2978 5142 3006 1792 344 36359 32754 1352 2253 4779 2377 1735 667 10640 6384 1596 2660 7319 4748 2571 ATHENA CONFERENCE 72367 72367 FIRST FRIDAY 41812 41812 LEADERSHIP DUTCHESS 18636 18636 YOUTH ONE STOP 18169 18169 37946 15814 9258 12874 918694 731814 117421 69459 201458 134153 105242 155270 7115 10314 5215 10352 100164 58805 32202 41359 224634 186671 309 579 576175 538698 98447 52665 60507 74682 22962 115348 181916 242695 X 294236 204380 100023 91623 394259 296003 576175 538698 -85942 -12314 0 X X 0 1 X 1 0 X 27572 31466 32711 25058 127805 244612 545095 707455 626930 682781 685807 3248068 572667 738921 659641 707839 813612 3492680 0 0 0 3492680 5945 4129 4907 5193 5190 25364 5945 4129 4907 5193 5190 25364 109289 63561 137725 133167 13950 457692 687901 806611 802273 846199 832752 3975736 0.87850 0.99390 0.00640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 224634 -7124 28250 2589 186671 217103 5000 4695 2164 224634 204464 14786 2147 217103 175389 5000 25967 1892 204464 178268 -1157 1722 175389 0.35220 0.64780 1 0 60932 43408 17524 39232 15397 23835 41359 MANAGED POOLED MUTUAL FUNDS 186671 F 186671 DUE TO CHAMBER 37630 SBA PAYROLL PROTECTION LOAN 77718 115348 X 836201 -12314 18352 6038 830163 2589 2589 832752 934457 18352 18352 916105 2589 2589 918694 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 JUNE 30, 2017. HVYP EVENT 22230 2500 19730 5780 3 22230 2500 19730 5780 5780 13950 1 COMMUNITY FOUNDATIONS OF THE HUDSON VALLEY INC 80 WASHINGTON STREET SUITE 201 POUGHKEEPSIE NY 12601 237026859 501(C)(3) 41000 19 SCHOLARSHIPS PART I, LINE 2: THE FOUNDATION FORMS A REVIEW COMMITTEE TO SELECT RECIPIENTS WHO HAVE APPLIED TO RECEIVE AN ANNUAL SCHOLARSHIP. THE SCHOLARSHIP AWARDS ARE THEN DISTRIBUTED BY THE COMMUNITY FOUNDATIONS OF THE HV TO THE RECIPIENT'S DESIGNATED EDUCATIONAL INSTITUTION. 0 0 0 0 0 0 0 0 0 AUDRA B GERTY EXEC. VP & CFO 39395 91922 0 0 0 0 0 11268 1419 8934 40814 112124 0 0 PART II, LINE 1 AUDRA B, GERTY, VICE PRESIDENT, DEVOTES 30% OF HER TIME TO THE CHAMBER FOUNDATION. IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, 30% OF HER COMPENSATION ALLOCATED TO THE FOUNDATION ($40,814). 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 E-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 DECEMBER OF 2019. 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 2019 AND 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. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS IS UNCHANGED FROM LAST YEAR. 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 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 DC REGIONAL CHAMBER OF COMMERCE Q 94807 COST