2017-05-12T08:53:09-05:00 2016-06-30 133692922 GKG CPAs 254 ROUTE 17K NEWBURGH NY 12550 990 2015-07-01 460476778 THE CHAMBER FOUNDATION INC CHAM 8454541700 1 CIVIC CENTER PLAZA 4TH FL No 400 POUGHKEEPSIE NY 12601 Audra B Gerty VICE PRESIDENT 8454541700 2017-03-02 1 Tracy L Badgley CPA P00152200 8455673600 2017-03-02 2015 2021-01-29 14:40:06Z AUDRA B GERTY 1 CIVIC CENTER PLAZA 4TH FL No 400 POUGHKEEPSIE NY 12601 749726 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. 14 14 2 95 0 0 36614 27572 133919 545095 3844 5945 113666 109289 288043 687901 52113 43599 0 0 102266 404988 0 0 78460 132004 208325 286383 656912 1660 30989 331935 416485 52680 113343 279255 303142 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. 1 0 345748 345929 See Schedule O 78051 158216 Programs designed to build the leadership qualities of youth and adults in the Hudson Valley community. 166 youths and adults were served through various leadership programs. 43599 43599 To foster educational opportunites in the service area through the establishment of scholarship programs. Scholarships in the amount of $43,599 were awarded to individuals to further their academic endeavors. Fundraisers are held to support and ensure the continued availablity of the funds for scholarships. 32 scholarships were awarded. 41225 40950 41225 40950 508623 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 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 1 0 0 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 Amy Dittmar Secretary 1.00 X 0 0 0 Anthony Morando Treasurer 1.00 X 0 0 0 Barbara E Ostrander Director 1.00 X 0 0 0 Carmen McGill Director 1.00 X 0 0 0 Charles Simon Director 1.00 X 0 0 0 David R Wise Director 1.00 X 0 0 0 Dr Greer Rychcik Director 1.00 X 0 0 0 John Mack Director 1.00 X 0 0 0 Kristen Huss Associate Board Member 1.00 X 0 0 0 Maureen Kangas Director 1.00 X 0 0 0 Peter Maher Director 1.00 X 0 0 0 Ryan Judge Associate Board Member 1.00 X 0 0 0 Skip Weisman Director 1.00 X 0 0 0 Stacey Langenthal 1st Vice Chair 2.00 X 0 0 0 Stephen E Diamond Of Counsel 2.00 X 0 0 0 Tina Walz Chair 1.00 X 0 0 0 tina hawkinson director 1.00 X 0 0 0 akeva morrison Associate Board Member 1.00 X 0 0 0 Audra B Gerty Vice President 20.00 40.00 X 0 112051 7827 Frank Castella Jr President 10.00 40.00 X 0 106020 7827 NICHOLAS SHANNON EXEC. DIRECTOR 47.00 X 72328 0 6487 CHARLES NORTH FORMER PRESIDENT 0.00 X 0 28192 0 72328 246263 22141 0 1 0 0 0 27572 27572 Leadership Programs 611430 545095 545095 545095 5945 5945 171114 61825 109289 109289 687901 545095 0 115234 43599 43599 309278 231959 30927 46392 27659 20744 2766 4149 26524 19893 2652 3979 41527 31145 4153 6229 3852 1926 1156 770 8392 8392 1722 1722 464 464 8305 2430 3445 2430 1248 1248 33728 20237 5059 8432 7257 4354 1089 1814 2298 1379 344 575 4230 4230 Leadership Dutchess 40686 40686 Youth Leadership 22433 22433 Donation COmmunity Effo 21441 21441 Merchant Credit Card 3945 2367 592 986 48324 44030 1590 2704 656912 508623 69829 78460 131432 70727 14416 161084 4872 3693 40826 35234 2947 5592 178268 175389 331935 416485 20344 90203 28352 21725 3984 1415 52680 113343 X 189232 213119 90023 90023 279255 303142 331935 416485 X 30989 -7102 0 X X 0 1 X 1 0 X 338361 344943 323351 379478 743781 2129914 338361 344943 323351 379478 743781 2129914 2129914 1808 2287 2791 3844 5945 16675 138302 138302 2284891 0.93220 0.90860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 178268 -1157 1722 175389 177360 2665 1757 178268 141269 12000 25761 150 1520 177360 112153 12000 18312 1196 141269 92027 22400 -1162 188 924 112153 0.49000 0.51000 1 0 40826 35234 5592 5592 Managed Pooled Mutual Funds 175389 F 175389 DUE TO CHAMBER 1415 1415 X 742624 -7102 61825 54723 687901 0 687901 718737 61825 61825 656912 0 656912 Part V, Line 4: Intended Uses for Endowment Funds Use of Funds are restricted to scholarships. Part X, Line 2: FASB ASC TOPIC 740, SUBTOPIC 10 PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THE FOUNDATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. Part XI, Line 2d - Other Adjustments: Direct Fundraising Expenses 61,825. Part XII, Line 2d - Other Adjustments: Direct Fundraising Expenses 61,825. Golf Tournament 54270 54270 26090 COSIMO DIBRIZZI DINNER 40623 40623 3234 4 76221 76221 32501 171114 171114 61825 61825 109289 1 Scholarships 32 43599 Cash Part I, Line 2: THE FOUNDATION RECEIVES AND REVIEWS QUARTERLY REPORTS RECEIVED FROM THE ORGANIZATION ADMINISTERING THE SCHOLARSHIPS. 1 0 0 0 0 0 0 0 0 CHARLES NORTH FORMER PRESIDENT 0 4192 0 0 0 24000 0 0 0 0 0 28192 0 0 Part I, Line 4a Charles S. North received $24,000 for the period of 7/1/15 to 6/30/165 pursuant to a severance agreement from a related Organization. Form 990, Part III, line 2 SEE SCHEDULE O Form 990, Part III, Line 4a IN NOVEMBER 2015, THE DUTCHESS COUNTY YOUTH ONE STOP PROGRAM WAS ADDED AS A SIGNIFICANT NEW SERVICE. THIS PROGRAM WAS FORMERLY OPERATED BY DCRCOC, A RELATED ENTITY. DUTCHESS COUNTY 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 WIA AND WIOA PROGRAM GUIDELINES. Form 990, Part VI, Section A, line 3 Management Delegated Salary is paid through an unrelated third party - Staff-Line, Inc. They also provide human resource services, and W-2 reporting. Payroll taxes are also paid by Staff-Line, Inc. 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 B, line 11 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 Enforcement of Conflicts Policy The conflict of interest applies to all Board members and officers. Annually each member signS a copy of the policy with disclosure of any conflict. If a conflict has been identified, the member is precluded from participation and vote related to the conflicted matter. Form 990, Part VI, Section B, line 15a Compensation Process for Top Official The executive director's salary and benefits package is reviewed annually by the President and Vice President of the Foundaton and is approved by the Board. Form 990, Part VI, Section C, line 19 Governing Documents Disclosure Explanation Upon request, copies of all governing documents will be provided. Form 990, Part XII, Line 2c: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. D C 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 1 0 0 1 1 1 0 0 0 D C Regional Chamber of Commerce K 3382 Lease Agreement