NEW PALTZ CHAMBER OF COMMERCE INC Charity Report

Tax-exempt status may be revoked

NEW PALTZ CHAMBER OF COMMERCE INC

EIN 23-7259892

What they do

to FOSTER THE ADVANCEMENT of BUSINESS, INDUSTRIAL, AGRICULTURAL and CIVIC INTERESTS IN NEW PALTZ and THE SURROUNDING AREAS, and to PROMOTE INTEGRITY and GOOD FAITH AMONG ALL SEGMENTS of THE COMMUNITY; to ENCOURAGE JUST and EQUITABLE PRINCIPLES IN BUSINESS; to ACQUIRE, PRESERVE and DISTRIBUTE INDUSTRIAL, COMMERCIAL and CIVIC STATISTICS and INFORMATION of VALUE; and to ASSIST IN REPRESENTING NEW PALTZ and THE SURROUNDING AREAS IN THE CONSIDERATIONS and DECISIONS of LOCAL, STATE and NATIONAL AGENCIES to MAKE OUR AREA A BETTER PLACE to LIVE and MAKE A LIVING.

Before you give

Should I give to this charity?

Easy charity check

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2018The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

66.56%of revenue went to mission work74.9% of expenses · Program services

$88.90spent for every $100 of revenueRevenue covered expenses this year.

22.34%of revenue went to management and office costs25.1% of expenses

$2.04in assets for every $1 spent this yearSome assets cannot be spent right away.

62.8%of its money came from giftsOther money may come from services or investments.

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Pay context: The highest compensation shown in this filing is $62,894 for JEN ROE (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2018

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$281,840

Mission workProgram services$187,60266.56% of revenue74.9% of expenses

ManagementOffice and general costs$62,96222.34% of revenue25.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$31,27611.10% of revenueShown in gray on the chart

Total expenses$250,56488.90% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2018CurrentExpense mix: 74.9% mission · 25.1% management · 0.0% fundraisingTotal expenses: 88.90% of revenue

2017Expense mix: 73.0% mission · 27.0% management · 0.0% fundraisingTotal expenses: 110.61% of revenue

2016Expense mix: 71.3% mission · 28.7% management · 0.0% fundraisingTotal expenses: 129.18% of revenue

2015Expense mix: 72.0% mission · 28.0% management · 0.0% fundraisingTotal expenses: 112.91% of revenue

Money in and money out

Revenue$281,840

Expenses$250,564

Annual surplus $31,276 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$187,602 · 74.9% of expenses

Management and office costs$62,962 · 25.1% of expenses

See all reported dollar amounts

Revenue$281,840

Expenses$250,564

Assets$512,091

Contributions$176,977

Mission work (program services)$187,602

Management and general$62,962

Accounting fees$2,150

People

Leadership and board

Tax year 2018

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JEN ROEEXECUTIVE DIRECTOR · 2 hrs/week $62,894

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

JEN ROEEXECUTIVE DIRECTOR

ALEX SHERWOOD2ND CHAIR

ALEXIS MILLSBOARD MEMBER

DAVID NESSCHAIRPERSON

JANET GIANETTABOARD MEMBER

JASON VALENTINOBOARD MEMBER

JEFF SEVERSONSECRETARY

JERRY AMATOBOARD MEMBER

JULIE ROBBINSBOARD MEMBER

KRISTIN BAUERTREASURER

LIZ GLOVERBOARD MEMBER

MICHAEL ESPOSITOBOARD MEMBER

SHEILA GILDAY1ST CHAIR

TODD FITZGERALDBOARD MEMBER

VICKI KOENIGBOARD MEMBER

About this charity

Location: 257 MAIN STREET, NEW PALTZ, NY 12561
County: Ulster
In care of: JEFF SEVERSON
Primary officer: JEFF SEVERSON, SECRETARY

How to reach them

WebsiteVisit the charity’s website Phone(845) 255-0411

Filing and classification

Latest tax year: 2018
Tax period began: July 1, 2018
Return type: 990
Tax preparer: FOSTER & SCHMALKUCHE PC
Revocation date: November 15, 2022