TY 2023 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. 1545-0047

2023

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
Foreign Commerce Club of New York Inc

Number and street (or P. O. box, if mail is not delivered to street address)PO Box 135
Room/suite

City or town, state or province, country, and ZIP or foreign postal code Lebanon, NJ08833

D Employer identification number

11-1972109

E Telephone number

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 bring about better acquaintance and fellowship among those interested in foreign commerce through lectures on transportation and the handling of foreign commerce in all its phases. The organization affords members an exchange of ideas and opinions on the conduct and promotion of foreign trade in and out of the Port of New York and Tri State 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 Held Holiday and Spring Conferences to bring about better acquaintance and fellowship among those interested in foreign commerce through lectures on transportation and handling of foreign commerce in all phases. The organization affords members and their guests an excellent opportunity for the exchange of ideas and opinions on the conduct and promotion of foreign trade in and out of the New York and Tri State area, as well as the general betterment of the port of New York and homeland security. (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 (Grants $ ) If this amount includes foreign grants, check here ...		30a
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

(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-)
Amadeo Pascale Treasurer	2.00	0
John O'Brien President	1.00	0
Regina Terranova Chairman	2.00	0
Carl Varner Secretary	2.00	4,000
Christine Solorzano 1st Vice Pres.	2.00	0
Robert Astacio 3rd Vice Pres.	1.00	0
Breck Benja Jr 2nd Vice Pres.	2.00	0

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
NONE

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
NONE

Return Reference	Explanation
Other Expenses.1	Wepay Fees $2183
Other Expenses.2	Constant Contact $1099
Other Expenses.3	Board Meeting Expense $890
Other Expenses.4	Web Development & Hosting $666
Other Expenses.5	Postage $166
Other Expenses.6	Gifts $142
Other Expenses.7	Bank Service Charge $15

Return Reference

Explanation

Other Expenses.1

Wepay Fees $2183

Other Expenses.2

Constant Contact $1099

Other Expenses.3

Board Meeting Expense $890

Other Expenses.4

Web Development & Hosting $666

Other Expenses.5

Postage $166

Other Expenses.6

Gifts $142

Other Expenses.7

Bank Service Charge $15

1	Contributions, gifts, grants, and similar amounts received ....................	1
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3	9,250
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	0
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) List of Attached Documents: // Content ..	6b	41,852
c	Less: direct expenses from gaming and fundraising events ...	6c	32,893
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d	8,959
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
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	18,209

Sign Here

	Signature of officer	Date

	Type or print name and title

Software ID:	23017517
Software Version:	2023v6.0

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

(i) Name and address of individual or entity (fundraiser)	(iii) Did fundraiser have custody or control of contributions?
	Yes	No










Total . . . . . . . . . . . . . . . . . . . .

10	Grants and similar amounts paid (list in Schedule O) ................	10	1,000
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12	4,000
13	Professional fees and other payments to independent contractors ............	13	4,550
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15
16	Other expenses (describe in Schedule O) ...................	16	5,161
17	Total expenses. Add lines 10 through 16 .................	17	14,711

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	3,498
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	7,151
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	10,649