Dutchess County Regional Chamber Of Commerce Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Poughkeepsie, NY
- Founding
- 04/1975
- Data as of
- 12/2022
- EIN
- 14-0978000
Organization Overview
Dutchess County Regional Chamber Of Commerce Inc is located in Poughkeepsie, NY. The organization was established in 1975. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Dutchess County Regional Chamber Of Commerce Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dutchess County Regional Chamber Of Commerce Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Dutchess County Regional Chamber Of Commerce Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $969.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AN ADVOCATE FOR BUSINESS, A RESOURCE ON MATTERS AFFECTING BUSINESS AND A CHAMPION FOR THE REGION'S ECONOMIC HEALTH. THE CHAMBER IS COMMITTED TO PROVIDING THE BUSINESS COMMUNITY WITH THE LEADERSHIP NECESSARY TO MAXIMIZE THE ECONOMIC POTENTIAL OF OUR AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL EVENTS INCLUDING THE HV HOT AIR BALLOON FESTIVAL - THE CHAMBER OF COMMERCE OFFERS A WIDE RANGE OF WEEKLY, MONTHLY, QUARTERLY, AND ANNUAL EVENTS AND ACTIVITIES AND COLLECTS MEMBERSHIP DUES AND PUBLICATION FEES TO SUPPORT ITS MISSION. THE CHAMBER ALSO COORDINATES AND HOSTS A NUMBER OF EVENTS THAT SUPPORT MEMBER ORGANIZATIONS, INCLUDING RIBBON CUTTINGS, GRAND OPENINGS, GROUND BREAKING CEREMONIES, BUSINESS TOURS, AND JOB SHADOW DAYS THAT ARE ATTENDED BY INDIVIDUALS FROM THE BUSINESS, ACADEMIC AND GENERAL COMMUNITIES. EACH EVENT IS TYPICALLY SPONSORED AND HOSTED BY A BUSINESS MEMBER, WHICH RECEIVES SPECIAL MARKETING AND ADVERTISING BENEFITS. THE CHAMBER CONTINUED TO HOST A VARIETY OF VIRTUAL EVENTS AT THE BEGINNING OF THE YEAR AND MOVED TOWARDS IN PERSON EVENTS TOWARDS THE MIDDLE OF THE YEAR TO MEET THE NEEDS OF BUSINESS MEMBERS AND THE COMMUNITY TO PROVIDE INFORMATION ON MATTERS AFFECTING BUSINESS. THE CHAMBER HOSTED OVER 60 IN-PERSON AND VIRTUAL EVENTS THAT ATTRACTED MORE THAN 15,000 ATTENDEES.
WORKFORCE DEVELOPMENT CENTER PROGRAMS - THE CHAMBER OPERATES A WORKFORCE DEVELOPMENT CENTER COMPRISED OF THE WORKFORCE CONNECTIONS PROGRAM AND THE CAREER ACTION CENTER PROGRAM. THE WORKFORCE CONNECTIONS PROGRAM PROVIDES COMPREHENSIVE JOB PLACEMENT AND JOB RETENTION SERVICES TO INCOME-ELIGIBLE ADULT RESIDENTS OF DUTCHESS COUNTY. THE PROGRAM ALSO PROVIDES SOFT-SKILL TRAINING, MENTORING, CASE MANAGEMENT AND OTHER SERVICES TO ENROLLED PARTICIPANTS. DURING THE PERIOD OF 1-1-2022 THROUGH 12-31-2022, THE PROGRAM SERVED 49 ADULTS. PARTICIPANTS RECEIVED SUPPORTIVE SERVICES, EMPLOYMENT REFERRALS AND OTHER SUPPORT. CASE MANAGERS DELIVERED ESSENTIAL FOOD AND OTHER ITEMS DURING COVID LOCKDOWNS AND PROVIDED HOLIDAY FOOD AND GIFTS DURING DECEMBER TO 5 FAMILIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg White Chairperson | OfficerTrustee | 1 | $0 |
Philip Bronzi 1st Vice Chair | OfficerTrustee | 0.5 | $0 |
Amy Dittmar 2nd Vice Chair | OfficerTrustee | 0.5 | $0 |
Stephen Whalen Secretary | OfficerTrustee | 0.5 | $0 |
Karen Zobel Treasurer | OfficerTrustee | 1 | $0 |
William Francis Past Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $461,535 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $216,070 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $677,605 |
| Total Program Service Revenue | $431,713 |
| Investment income | $2,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,220 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,199,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $253,682 |
| Compensation of current officers, directors, key employees. | $30,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,503 |
| Payroll taxes | $63,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,830 |
| Advertising and promotion | $0 |
| Office expenses | $4,752 |
| Information technology | $43,867 |
| Royalties | $0 |
| Occupancy | $39,414 |
| Travel | $5,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $672 |
| Interest | $4,174 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,118 |
| Insurance | $9,413 |
| All other expenses | $18,294 |
| Total functional expenses | $969,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $689,955 |
| Savings and temporary cash investments | $485,570 |
| Pledges and grants receivable | $66,755 |
| Accounts receivable, net | $42,440 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,258 |
| Total assets | $1,314,827 |
| Accounts payable and accrued expenses | $60,179 |
| Grants payable | $0 |
| Deferred revenue | $320,926 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $148,274 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,613 |
| Total liabilities | $555,992 |
| Net assets without donor restrictions | $758,835 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,314,827 |