Infotech Niagara Inc
- Assets
- $53.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Orchard Park, NY
- Founding
- 05/1998
- Data as of
- 12/2020
- EIN
- 16-1546418
Organization Overview
Infotech Niagara Inc is located in Orchard Park, NY. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Infotech Niagara 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 12/2020, Infotech Niagara Inc generated $17.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $21.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
ORGANIZED INFORMATION-RELATED SEMINARS THAT INCLUDED SUCH TOPICS AS INTERNET, FUNDING, AND OTHER RELEVANT SUBJECTS. HOSTED AN AWARDS BANQUET TO RECOGNIZE THE ACHIEVEMENTS OF LOCAL INDIVIDUALS AND BUSINESSES IN THE AREA OF INFORMATION TECHNOLOGY. MAINTAINED AN ORGANIZATION WEBSITE THAT INCLUDED A JOB BANK AND OTHER IMPORTANT ASSOCIATION INFORMATION. UPDATED AND DISTRIBUTED MEMBERSHIP DIRECTORY TO FACILITATE OPPORTUNITIES FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Avery Board Member/secretary | 2 | $0 | |
Craig Savage Board Member | 1 | $0 | |
Sam Marrazzo Board Member/chairman | 4 | $0 | |
Nicholas Corcoran Board Member | 1 | $0 | |
Peter Cimino Board Member/past Chairman | 2 | $0 | |
Armand Morrison Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $13,725 |
| Membership dues | $3,500 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,225 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $10,317 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $168 |
| Other expenses | $10,171 |
| Total expenses | $21,343 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,038 |
| Other assets | $0 |
| Total assets | $53,038 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,038 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Council For International Business New York, NY | $8,377,861 | $9,810,410 |
New Jersey Association Of Realtors Trenton, NJ | $35,262,029 | $9,547,353 |
Long Island Board Of Realtors Inc West Babylon, NY | $32,824,680 | $7,922,994 |
German American Chamber Of Commerce Inc New York, NY | $3,820,432 | $6,890,973 |
Buffalo Niagara Convention & Vistors Bureau Inc Buffalo, NY | $3,394,435 | $6,164,269 |
Lake Placid Chamber Of Commerce Inc Lake Placid, NY | $4,857,333 | $6,938,582 |
Economic Development Council Of Western Massachusetts Inc Springfield, MA | $1,229,213 | $5,047,431 |
Independent Drivers Guild Inc Long Island City, NY | $5,104,857 | $7,835,962 |
Greater Lehigh Valley Chamber Of Commerce Easton, PA | $3,461,943 | $5,381,256 |
World Trade Centers Association Inc New York, NY | $23,293,174 | $7,185,978 |
Building Contractors Association Inc New York, NY | $2,719,541 | $4,963,157 |
Pension Real Estate Association Hartford, CT | $6,735,705 | $4,410,849 |