Livingston County Chamber Of Commer Ce Inc
- Assets
- $639.6k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Geneseo, NY
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 16-0970666
Organization Overview
Livingston County Chamber Of Commer Ce Inc is located in Geneseo, NY. The organization was established in 1972. 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 12/2021, Livingston County Chamber Of Commer Ce Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Livingston County Chamber Of Commer Ce 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 12/2021, Livingston County Chamber Of Commer Ce Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING BUSINESS DEVELOPMENT AND THE QUALITY OF LIFE IN LIVINGSTON COUNTY BY CREATING OPPORTUNITIES TO BUILD RELATIONSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE EXEMPT PURPOSE OF THE CHAMBER WAS ACHIEVED BY PROMOTING BUSINESS GROWTH AND EXPANSION, TOURISM, AND THE ECONOMIC DEVELOPMENT OF LIVINGSTON COUNTY.THE CHAMBER CONSISTS OF AROUND 600 BUSINESS MEMBERS AND OFFERS OPPORTUNITIES TO SERVE ON THE FOLLOWING COMMITTEES:- AGRICULTURE COMMITTEE WHICH PROMOTES FARMING AS THE NUMBER ONE INDUSTRY IN THE COUNTY AND RECOGNIZES THE CONTRIBUTION OF FARMERS TO THE LOCAL ECONOMY. FIRST ACCOMPLISHMENT ANNUAL FARMER AND NEIGHBOR EVENING BRINGS TOGETHER OVER 325 FARMERS AND THEIR NEIGHBORS FOR A NIGHT OF APPRECIATION.- SMALL BUSINESS COMMITTEE OFFERS A SERIES OF WORKSHOPS FOR BUSINESS OWNERS. SEMINAR TOPICS CAN INCLUDE STARTING UP A BUSINESS, INTERNET MARKETING, ADVERTISING LAYOUT, AND TAX PREPARATION.- TOURISM COMMITTEE PROMOTES THE MANY TOURISM FRIENDLY ATTRACTIONS AND ANNUAL VISITOR EVENTS IN THE COUNTY. THE COMMITTEE DEVELOPED AND MAINTAINS A TOURISM WEBSITE AND HAS ORGANIZED FAMILIARIZATION TOURS OF THE COUNTY'S TOURISM VENUES. THE COMMITTEE PUBLISHES AN ANNUAL FORTY PAGE VISITORS GUIDE TO THE POINTS OF INTEREST WITHIN LIVINGSTON COUNTY.THE CHAMBER OFFERS THE OPPORTUNITY TO PARTICIPATE IN BUSINESS NETWORKING BY ORGANIZING EVENTS SUCH AS: CHAMBER ISSUES LUNCHEONS, SUNY GENESEO DAY/CHAMBER LUNCHEON, CHAMBER UPDATE LUNCHEON, BUSINESS AND INDUSTRY DAY LUNCHEON, BUSINESS AFTER HOURS, MEMBERS ONLY WEBSITE BUSINESS DIRECTORY, AND HEALTHY BUSINESS BREAKFAST.THE CHAMBER OFFERS ITS MEMBERS THE FOLLOWING SERVICES: MEDICAL AND DENTAL INSURANCE PROVIDED AT GROUP RATES, MEMBER TO MEMBER DISCOUNTS, CHARGE CARD ACCEPTANCE PROGRAM, OFFICE SUPPLY DISCOUNT PROGRAM, AND DELIVERY SERVICE DISCOUNT PROGRAM.THE CHAMBER SPONSORS ANNUAL RECOGNITION EVENTS INCLUDING: AGRICULTURAL FARM ENTERPRISE HONOREE, TOURISM MARKETING AWARD, COMMUNITY SERVICE AWARD, AND SMALL BUSINESS OF THE YEAR AWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Lane President/ceo | Officer | 35 | $80,591 |
Dawn Aprile Board Chair | OfficerTrustee | 3 | $0 |
Don Bennett Vice Chair | OfficerTrustee | 3 | $0 |
Katie Schreiner Treasurer | OfficerTrustee | 3 | $0 |
Joseph Yantachka III Secretary | OfficerTrustee | 3 | $0 |
Edmund Russell Immediate Past Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $122,247 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,848 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,095 |
| Total Program Service Revenue | $180,608 |
| Investment income | $442 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,001,011 |
| 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. | $96,404 |
| Compensation of current officers, directors, key employees. | $96,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,814 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,392 |
| Payroll taxes | $15,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $763 |
| Advertising and promotion | $14,967 |
| Office expenses | $6,083 |
| Information technology | $15,161 |
| Royalties | $0 |
| Occupancy | $23,733 |
| Travel | $1,158 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $266 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84 |
| Insurance | $4,166 |
| All other expenses | $26,160 |
| Total functional expenses | $1,059,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,597 |
| Savings and temporary cash investments | $135,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,762 |
| 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 | $641 |
| Net Land, buildings, and equipment | $294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,610 |
| Total assets | $639,580 |
| Accounts payable and accrued expenses | $9,187 |
| Grants payable | $0 |
| Deferred revenue | $1,640 |
| 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 | $49,600 |
| Other liabilities | $188,691 |
| Total liabilities | $249,118 |
| Net assets without donor restrictions | $390,462 |
| 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 | $639,580 |
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