Skaneateles Chamber Of Commerce
- Assets
- $52.4k
- Revenue
- $313.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Skaneateles, NY
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 23-7228885
Organization Overview
Skaneateles Chamber Of Commerce is located in Skaneateles, NY. The organization was established in 1997. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Skaneateles Chamber Of Commerce employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skaneateles Chamber Of Commerce 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 12/2023, Skaneateles Chamber Of Commerce generated $313.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $334.8k during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SKANEATELES IS A UNIQUELY CHARMING PLACE TO LIVE, WORK, AND GROW. THE SKANEATELES AREA CHAMBER OF COMMERCE, COMPRISING 386 BUSINESSES AND INDIVIDUALS, WORKS TO PROMOTE THE PROSPERITY OF ITS MEMBERS, CULTIVATE GROWTH & ECONOMIC DEVELOPMENT AND PRESERVE THE QUALITY OF LIFE FOR THE ENTIRE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SKANEATELES TELEPHONE DIRECTORY- DURING THE YEAR ENDED 12/31/23, THE SKANEATELES AREA CHAMBER OF COMMERCE, INC. PUBLISHED THE 31TH EDITION OF THE SKANEATELES TELEPHONE DIRECTORY. COPIES ARE PRINTED AND DISTRIBUTED TO THE MEMBERS OF THE CHAMBER ALONG WITH THE GENERAL PUBLIC. PDF COPIES ARE ALSO AVAILABLE ON THE WEBSITE FOR DOWNLOAD. THE DIRECTORY WORKS TO PROMOTE THE PROSPERITY OF ITS MEMBERS AS IT IS A REFERENCE ABOUT SKANEATELES AND ITS MANY ORGANIZATIONS & ACTIVITIES. THE DIRECTORY ALSO INCLUDES A CALENDAR OF EVENTS, MAPS OF THE AREA, AND HISTORICAL FACTS ABOUT THE SKANEATELES AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Ranieri President | OfficerTrustee | 1 | $0 |
Stephanie Bales Vice President | OfficerTrustee | 1 | $0 |
Maria Coleman Secretary | OfficerTrustee | 1 | $0 |
Alice Hoatland Treasurer | OfficerTrustee | 1 | $0 |
Patricia Carberry Director | Trustee | 1 | $0 |
Elizabeth Larochelle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $271,931 |
| Investment income | $617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,521 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $313,009 |
| 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. | $69,932 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,798 |
| Pension plan accruals and contributions | $936 |
| Other employee benefits | $0 |
| Payroll taxes | $9,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $48,596 |
| Office expenses | $11,999 |
| Information technology | $7,073 |
| Royalties | $0 |
| Occupancy | $12,931 |
| Travel | $82 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,707 |
| Insurance | $4,359 |
| All other expenses | $599 |
| Total functional expenses | $334,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,056 |
| Savings and temporary cash investments | $22,132 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,337 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $950 |
| Total assets | $52,427 |
| Accounts payable and accrued expenses | $961 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,361 |
| Total liabilities | $5,322 |
| Net assets without donor restrictions | $47,105 |
| 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 | $52,427 |