TY 2019 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-1150

2019

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
THE CHAMBER OF COMMERCE OF THE
NYACKS INC

Number and street (or P. O. box, if mail is not delivered to street address)PO BOX 677
Room/suite

City or town, state or province, country, and ZIP or foreign postal code NYACK, NY10960

D Employer identification number

13-3119578

E Telephone number

(845) 358-1929

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? TO REPRESENT AND PROMOTE BUSINESSES OF THE NYACK AREA
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 FARMERS MARKET NYACK FARMERS MARKET BRINGS HUNDREDS OF POTENTIAL CONSUMERS TO DOWNTOWN NYACK EACH WEEK (Grants $ ) If this amount includes foreign grants, check here ...			28a	39,369
29 FESTIVALS SPRING AND FALL STREET FAIRS, SPONSORSHIP AND MANAGEMENT. THESE EVENTS BRING 30-40,000 POTENTIAL CONSUMERS TO NYACK. (Grants $ ) If this amount includes foreign grants, check here ...			29a	26,456
30 ANNUAL HALLOWEEN PARADE, DRAWS 20-30,000 POTENTIAL CONSUMERS TO NYACK. (Grants $ ) If this amount includes foreign grants, check here ...			30a	17,957
MULTIPLE EVENTS AND SERVICES TO ATTRACT CONSUMERS TO NYACK. PARTICIPATION IN NYACK PROMOTION ADVERTISING JOINT VENTURE VIA VISIT NYACK, INC. (Grants $ ) If this amount includes foreign grants, check here ...		25,527
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32	109,309

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
ROGER COHEN PRESIDENT	10.00	0
NANCY PHILLIPS VICE PRESIDE	5.00	0
DAVE COLLINS TREASURER	4.00	0
SCOTT BAIRD DIRECTOR	1.00	0
JACK DUNNIGAN DIRECTOR	1.00	0
BEVERLY GOPIN DIRECTOR	1.00	0
DIANNE WALSH FUHRMAN DIRECTOR	1.00	0
TOM LYNCH DIRECTOR	1.00	0
PAULA COUSINO DIRECTOR	1.00	0
KATHERINE DAVIES DIRECTOR	1.00	0

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes," complete Schedule L, Part I

40b

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation

Return Reference	Explanation
FORM 990-EZ, PART I, LINE 16	EXPENSES ADVERTISING FOR PROGRAMS 25,619 OFFICE SUPPLIES 816 INSURANCE 4,642 CREDIT CARD MERCHANT FEES 41 CLEANING FEES AT EVENTS 733 BANK SERVICE CHARGES 783 EVENT DINNER EXP. 2,088 SANITARY 1,289 SIGNS 1,121 PRIZES 2,250 BANNER DESIGN 3,667 WEBSITE EXPENSES 838 MEETING EXPENSES 4,642 MISC PROGRAM EXPENSES 10,859 EVENT ENTERTAINMENT 10,411 SECURITY 12,031 NON-INVESTMENT DEPRECIATION 188 TOTAL 82,018
FORM 990-EZ, PART II, LINE 24	1,782 1,782 LESS ACCUMULATED DEPRECIATION 1,311 1,499 TOTAL 471 283
FORM 990-EZ, PART II, LINE 26	ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,356 290 UNSECURED NOTES AND LOANS PAYABLE 883 522
FORM 990-EZ, PART III, LINE 31	MULTIPLE EVENTS AND SERVICES TO ATTRACT CONSUMERS TO NYACK. PARTICIPATION IN NYACK PROMOTION ADVERTISING JOINT VENTURE VIA VISIT NYACK, INC.

Return Reference

Explanation

FORM 990-EZ, PART I, LINE 16

EXPENSES ADVERTISING FOR PROGRAMS 25,619 OFFICE SUPPLIES 816 INSURANCE 4,642 CREDIT CARD MERCHANT FEES 41 CLEANING FEES AT EVENTS 733 BANK SERVICE CHARGES 783 EVENT DINNER EXP. 2,088 SANITARY 1,289 SIGNS 1,121 PRIZES 2,250 BANNER DESIGN 3,667 WEBSITE EXPENSES 838 MEETING EXPENSES 4,642 MISC PROGRAM EXPENSES 10,859 EVENT ENTERTAINMENT 10,411 SECURITY 12,031 NON-INVESTMENT DEPRECIATION 188 TOTAL 82,018

FORM 990-EZ, PART II, LINE 24

1,782 1,782 LESS ACCUMULATED DEPRECIATION 1,311 1,499 TOTAL 471 283

FORM 990-EZ, PART II, LINE 26

ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,356 290 UNSECURED NOTES AND LOANS PAYABLE 883 522

FORM 990-EZ, PART III, LINE 31

MULTIPLE EVENTS AND SERVICES TO ATTRACT CONSUMERS TO NYACK. PARTICIPATION IN NYACK PROMOTION ADVERTISING JOINT VENTURE VIA VISIT NYACK, INC.

1	Contributions, gifts, grants, and similar amounts received ....................	1
2	Program service revenue including government fees and contracts ................	2	168,658
3	Membership dues and assessments .............................	3	13,700
4	Investment income ....................................	4
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b
c	Less: direct expenses from gaming and fundraising events ...	6c
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	182,358

Sign Here

	Signature of officer	Date

	Type or print name and title

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	100,769
14	Occupancy, rent, utilities, and maintenance ...................	14	4,626
15	Printing, publications, postage, and shipping ...................	15	4,036
16	Other expenses (describe in Schedule O) ...................	16	82,018
17	Total expenses. Add lines 10 through 16 .................	17	191,449

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-9,091
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	15,219
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	6,128

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