Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 27,572 | 31,466 | 32,711 | 25,058 | 127,805 | 244,612 |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 545,095 | 707,455 | 626,930 | 682,781 | 685,807 | 3,248,068 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | 572,667 | 738,921 | 659,641 | 707,839 | 813,612 | 3,492,680 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 0 | |||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 0 | |||||
| c | Add lines 7a and 7b.. | 0 | |||||
| 8 | Public support. (Subtract line 7c from line 6.) | 3,492,680 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 572,667 | 738,921 | 659,641 | 707,839 | 813,612 | 3,492,680 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 5,945 | 4,129 | 4,907 | 5,193 | 5,190 | 25,364 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 5,945 | 4,129 | 4,907 | 5,193 | 5,190 | 25,364 |
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | 109,289 | 63,561 | 137,725 | 133,167 | 13,950 | 457,692 |
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 687,901 | 806,611 | 802,273 | 846,199 | 832,752 | 3,975,736 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | MANAGEMENT DELEGATED SALARY IS PAID THROUGH AN UNRELATED THIRD PARTY - ETHAN ALLEN HR SERVICES (FORMERLY STAFF-LINE). THEY ALSO PROVIDE HUMAN RESOURCE SERVICES, AND W-2 REPORTING. PAYROLL TAXES ARE ALSO PAID BY ETHAN ALLEN HR SERVICES. |
| FORM 990, PART VI, SECTION A, LINE 6 | CLASSES OF MEMBERS OR STOCKHOLDERS THE BY-LAWS INDICATE MEMBERSHIP IS AUTHORIZED. DUTCHESS COUNTY REGIONAL CHAMBER OF COMMERCE, INC. SHALL BE THE SOLE MEMBER OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY BY-LAW ADOPTED BY THE BOARD MAY BE AMENDED OR REPEALED BY THE MEMBER. |
| FORM 990, PART VI, SECTION B, LINE 11B | ORGANIZATION'S PROCESS TO REVIEW FORM 990 FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. AFTER REVIEW BY THE MANAGEMENT TEAM, AN ELECTRONIC COPY IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL. AFTER APPROVAL FROM THE BOARD AND MANAGEMENT TEAM FORM 990 IS E-FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | DISCLOSURE PROCEDURES EACH BOARD MEMBER SHALL BE REQUIRED TO SUBMIT TO THE SECRETARY, PRIOR TO INITIAL ELECTION TO THE BOARD, A WRITTEN CONFLICT OF INTEREST DISCLOSURE STATEMENT. OFFICERS, KEY EMPLOYEES AND BOARD MEMBERS SHALL ANNUALLY SUBMIT A WRITTEN CONFLICT OF INTEREST DISCLOSURE STATEMENT NOT MORE THAN 30 DAYS FROM THE START OF THE CALENDAR YEAR. FAILURE TO SIGN SUCH A STATEMENT WILL RESULT IN A SUSPENSION FROM THE BOARD UNTIL THE STATEMENT IS SIGNED. THOSE BOARD MEMBERS WHO BELIEVE UNDER THE FOLLOWING CIRCUMSTANCES THEY MAY HAVE A CONFLICT OF INTEREST MUST IMMEDIATELY CONTACT THE CHIEF FINANCIAL OFFICER OF DCRCOC: A) UPON FINDING THAT SUCH BOARD MEMBER OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY HAS AN INTEREST OR POSSIBLE INTEREST IN AN ENTERPRISE OR TRANSACTION THAT CREATES, OR MIGHT CREATE, A POSSIBLE CONFLICT OF INTEREST; B) UPON ENTERING INTO ANY RELATIONSHIP THAT MIGHT INVOLVE A CONFLICT OF INTEREST WITH, OR CAUSE EMBARRASSMENT TO, DCRCOC; C) UPON LEARNING THAT ANOTHER BOARD MEMBER OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY HAS AN INTEREST OR POSSIBLE INTEREST IN AN ENTERPRISE OR TRANSACTION THAT CREATES, OR MIGHT CREATE, A POSSIBLE CONFLICT OF INTEREST; OR D) SUBSEQUENT TO SIGNING THE POLICY, IF ANY CIRCUMSTANCES NOTED ABOVE HAVE OCCURRED. E) UPON BEING NOTIFIED, THE CHIEF FINANCIAL OFFICER SHALL PROVIDE SAID INFORMATION TO THE EXECUTIVE COMMITTEE OF THE DCRCOC, WHO WILL REVIEW SAID INFORMATION, AND IF NECESSARY REFER THE MATTER TO THE BOARD COUNSEL AS WHETHER REASONABLE CAUSE EXISTS TO CONCLUDE A CONFLICT OF INTEREST EXISTS. BOARD COUNSEL SHALL REVIEW AND ADVISE THE EXECUTIVE COMMITTEE ON THE MATTER, WHO SHALL REPORT TO THE BOARD OF DIRECTORS. ACTION OF THE BOARD OF DIRECTORS. ANY STAFF OR BOARD MEMBER WHO HAS, MIGHT HAVE, OR HAS DISCLOSED, A POTENTIAL CONFLICT OF INTEREST TO WHICH SHALL HAVE BEEN CONFIRMED BY INDEPENDENT LEGAL COUNSEL SHALL, WHERE APPROPRIATE, AT THE DIRECTION OF THE EXECUTIVE COMMITTEE, TAKE NO PART IN THE BOARD OR COMMITTEE DELIBERATIONS OR VOTE ON THE MATTER GIVING RISE TO SUCH CONFLICT. HOWEVER, THE BOARD MAY REQUEST THAT THE PERSON WITH CONFLICT OF INTEREST PRESENT INFORMATION AS TO BACKGROUND OR ANSWER QUESTIONS AT A COMMITTEE OR BOARD MEETING PRIOR TO THE COMMENCEMENT OF DELIBERATIONS OR VOTING. SAID PERSON SHALL NOT ATTEMPT TO IMPROPERLY INFLUENCE THE DELIBERATIONS, DECISION-MAKING OR VOTE ON THE MATTER GIVING RISE TO SUCH CONFLICT. THE BOARD SHALL DIRECT THE CHIEF FINANCIAL OFFICER OR OTHER APPROPRIATE PERSON TO DOCUMENT THE EXISTENCE AND RESOLUTION OF THE CONFLICT, INCLUDING IN THE MEETING MINUTES, AT WHICH THE CONFLICT WAS DISCUSSED OR VOTED UPON. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION PACKAGE OF THE PRESIDENT/CEO AND EXECUTIVE VP/CFO IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE, ACTING ON BEHALF OF THE BOARD OF DIRECTORS, CONSIDERS THE OVERALL FINANCIAL AND OPERATIONAL PERFORMANCE OF THE CHAMBER TO DETERMINE IF A SALARY INCREASE IS MERITED. THIS OCCURS ANNUALLY BASED ON THE HIRE DATE ANNIVERSARY AND WAS LAST REVIEWED IN DECEMBER OF 2019. FOR TOP MANAGEMENT OFFICIALS, THE PRESIDENT & CEO AND EXECUTIVE VICE PRESIDENT & CFO CONDUCT AN INFORMAL SEMI-ANNUAL PERFORMANCE ASSESSMENT AND ANNUALLY CONDUCTS A WRITTEN PERFORMANCE ASSESSMENT OF TOP MANAGEMENT PERSONNEL. CONSIDERATION IS GIVEN TO THE PERSON'S COMMITMENT, SKILLS, LENGTH OF SERVICE AND OVERALL CONTRIBUTIONS TO THE CHAMBERS SERVICE AND FINANCIAL GOALS, AS WELL AS THE CHAMBER'S OPERATING BUDGET AND OVERALL ECONOMIC OUTLOOK. THE ANNIVERSARY HIRE DATE OF THE PERSON IS THE REVIEW DATE AND REVIEWS HAVE BEEN PERFORMED ACCORDINGLY DURING 2019 AND 2020. THE FINANCE COMMITTEE THEN REVIEWS AND REFERS THE OPERATING BUDGET TO THE BOARD FOR APPROVAL, AND RECOMMENDATIONS ARE MADE DURING THE BUDGET PROCESS AS TO SALARIES AND OTHER BENEFITS. DOCUMENTATION OF THE BUDGET REVIEW AND APPROVAL PROCESS IS PROVIDED THROUGH MEETING MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATION'S ADDRESS. |
| FORM 990, PART XII, LINE 2C: | THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS IS UNCHANGED FROM LAST YEAR. |
| Software ID: | |
| Software Version: |