2024-10-24T15:50:31-04:00 2023-12-31 133952752 DESANTIS KIEFER SHALL & SARCONE LLP 1675 RICHMOND ROAD STATEN ISLAND NY 103042317 990 2023-01-01 134069282 THE STATEN ISLAND CHAMBER OF COMMERCE FOUNDATION INC STAT 7187271900 2555 RICHMOND AVENUE SUITE 240 STATEN ISLAND NY 10314 LINDA BARAN PRESIDENT & CEO 7187271900 2024-10-24 true false NICOLE M BULCROFT CPA P01463209 7183512233 2024-10-24 2023 2024-10-15 13:58:12Z LINDA BARAN 2555 RICHMOND AVENUE SUITE 240 STATEN ISLAND NY 10314 1027641 false X WWW.SICHAMBER.COM X NY STATEN ISLAND CHAMBER OF COMMERCE FOUNDATION, INC., HEREINAFTER REFERRED TO AS THE FOUNDATION, HAS BEEN CREATED TO SUPPORT AND ADVANCE SMALL BUSINESS DEVELOPMENT AND BUSINESS TECHNOLOGY DEVELOPMENT OF THE STATEN ISLAND COMMUNITY THROUGH CHARITABLE EDUCATIONAL PROGRAMS AND COMMERCIAL REVITALIZATION PROGRAMS THAT LESSEN THE BURDENS OF GOVERNMENT. 15 15 3 100 0 1136627 692519 0 36456 60668 33384 46850 1206467 800037 0 0 610331 546974 0 0 482718 466019 1093049 1012993 113418 -212956 3623782 3476144 544581 395327 3079201 3080817 X STATEN ISLAND CHAMBER OF COMMERCE FOUNDATION, INC., HEREINAFTER REFERRED TO AS THE FOUNDATION, HAS BEEN CREATED TO SUPPORT AND ADVANCE SMALL BUSINESS DEVELOPMENT AND BUSINESS TECHNOLOGY DEVELOPMENT OF THE STATEN ISLAND COMMUNITY THROUGH CHARITABLE EDUCATIONAL PROGRAMS AND COMMERCIAL REVITALIZATION PROGRAMS THAT LESSEN THE BURDENS OF GOVERNMENT. false false 203532 DOWNTOWN STATEN ISLAND. THE NEW YORK CITY DEPARTMENT OF SMALL BUSINESS SERVICES (SBS) CREATED THE NEIGHBORHOOD 360 PROGRAM TO IDENTIFY, DEVELOP, AND LAUNCH COMMERCIAL REVITALIZATION PROJECTS IN PARTNERSHIP WITH LOCAL STAKEHOLDERS. THROUGH PROACTIVE PLANNING AND TARGETED INVESTMENTS, NEIGHBORHOOD 360 SUPPORTS PROJECTS THAT STRENGTHEN AND REVITALIZE THE STREETS, SMALL BUSINESSES, AND COMMUNITY-BASED ORGANIZATIONS THAT ANCHOR NEW YORK CITY NEIGHBORHOODS. 183458 THE SMALL BUSINESS RESOURCE NETWORK (SBRN). THE SBRN PROGRAM WAS LAUNCHED IN OCTOBER OF 2020, A COLLABORATIVE PARTNERSHIP BETWEEN THE FIVE-BOROUGH CHAMBERS OF COMMERCE, THE PARTNERSHIP FOR NYC, THE NYC ECONOMIC DEVELOPMENT CORPORATION (EDC), AND FUNDED BY THE PETERSON FOUNDATION. IN TOTAL, THERE ARE 22 BUSINESS RECOVERY SPECIALISTS ACROSS THE FIVE BOROUGHS CONNECTING SMALL BUSINESSES TO SUCH SERVICES AS: FINANCING, MARKETING, TECHNOLOGY & E-COMMERCE, LEGAL, PPE, GENERAL BUSINESS COUNSELING AND, AT THAT TIME, INFORMATION REGARDING SAFE OPENING REGULATIONS. THE CURRENT GOAL OF THE NYC SBRN IS TO SERVE 20,000 BUSINESSES ANNUALLY, WITH AN EMPHASIS ON M/WBE'S AND LOW-TO-MODERATE INCOME COMMUNITIES. COLLECTIVELY, WE HAVE CAPACITY TO SERVE BUSINESSES IN OVER EIGHT LANGUAGES OTHER THAN ENGLISH, AND AS WE CONTINUE TO BUILD OUT THE PROGRAM WITH NYC COUNCIL SUPPORT. 168617 CHAMBER ON THE GO. CHAMBER ON-THE-GO IS A MOBILE BUSINESS SUPPORT PROGRAM THAT INFORMS AND EDUCATES NEW YORK CITY SMALL BUSINESS OWNERS ON HOW TO ACCESS FREE SERVICES WITHOUT LEAVING THEIR STOREFRONT. 183531 CHAMBER ASSIST/WORKFORCE - WORKFORCE DEVELOPMENT PROGRAM TO EDUCATE BUSINESSES ON HOW TO CONNECT TO INTERNS, FOSTER WORK-BASED LEARNING OPPORTUNITIES, AND ASSIST WITH JOB SCREENING AND PLACEMENTS. YOUNG ENTREPRENEUR'S ACADEMY (YEA) - THE YOUNG ENTREPRENEURS ACADEMY (YEA) IS A GROUNDBREAKING AND EXCITING PROGRAM THAT TRANSFORMS LOCAL MIDDLE AND HIGH SCHOOL STUDENTS INTO REAL, CONFIDENT ENTREPRENEURS. BOROUGH PRESIDENT GRANT - FUNDS TO SUPPORT OPERATIONS/TECHNICAL ASSISTANCE. LITTER REMOVAL PROGRAM - TO SUPPORT CLEANUP ACTIVITIES ON STATEN ISLAND. TOURISM - TO INCREASE STATEN ISLAND'S VISIBILITY THROUGH AN OUTREACH AND EDUCATIONAL CAMPAIGN. THE CAMPAIGN INCLUDED HIRING AN OUTSIDE BRANDING FIRM, VISIONING SESSIONS WITH STAKEHOLDERS, NEW PHOTOGRAPHY OF ALL THE ISLAND'S ATTRACTIONS TO DESIGN A NEW WEBSITE, AND COLLATERAL FOR ALL BRANDING AND MARKETING PURPOSES. EMPIRE STATE DEVELOPMENT (ESD) NYS COVID-19 PANDEMIC SMALL BUSINESS RECOVERY PROGRAM. PROVIDE TECHNICAL ASSISTANCE TO NEW YORK STATE MICRO AND SMALL BUSINESSES AND NOT-FOR-PROFIT INDEPENDENT ARTS AND CULTURAL ORGANIZATIONS IN APPLYING FOR THE NEW YORK STATE COVID-19 PANDEMIC SMALL BUSINESS RECOVERY GRANT PROGRAM AND VARIOUS OTHER FEDERAL AND NEW YORK STATE COVID-19 PROGRAMS. LISC VERIZON SMALL BUSINESS ACCELERATOR PROGRAM. COMMUNITY CHAMPION FOR LISC VERIZON SMALL BUSINESS ACCELERATOR PROGRAM. IN THIS ROLE, THE CHAMBER WORKS TO PROMOTE THE PROGRAM AND ENLIST PARTICIPANTS. THE PROGRAM IS APPROPRIATE FOR ALL SMALL AND MIDSIZE BUSINESSES (SMBS), WITH A PRIORITY FOCUS ON RECRUITING BIPOC AND WOMEN BUSINESS OWNERS. WITH FREE PERSONALIZED LEARNING PLANS THAT INCLUDE COURSES, LIVE COACHING SESSIONS WITH INDUSTRY LEADERS, AND COMMUNITY FORUMS AND INCENTIVES, THE PROGRAM GIVES SMALL BUSINESSES THE CHANCE TO LEARN NEW SKILLS, NETWORK WITHIN A LIKE-MINDED COMMUNITY, AND RECEIVE ONE-ON-ONE MENTORING. LISC WELLS FARGO SMALL BUSINESS RESILIENCY PROGRAM. A PILOT PROGRAM TO INCREASE BUSINESS DEVELOPMENT ORGANIZATION (BDO) CAPACITY TO DELIVER DISASTER RESILIENCY SERVICES TO SMALL BUSINESSES. LISC AND WELLS FARGO PARTNERED TO CREATE A SMALL BUSINESS DISASTER RESPONSE STRATEGY TO PREPARE SMALL BUSINESSES TO NOT ONLY STAY OPEN IN THE WAKE OF A DISASTER, BUT ALSO INNOVATE, EXPAND, AND THRIVE. THIS STRATEGY ENCOMPASSED A SMALL BUSINESS RESILIENCY NETWORK AND A DISASTER INFRASTRUCTURE RESILIENCE FUND. THE RESILIENCE FUND WILL ALLOW NON-PROFITS, BUSINESSES, AND OTHER QUALIFYING ENTITIES TO DEPLOY INFRASTRUCTURE INVESTMENTS IN RECOVERABLE GRANTS IN THE AREAS OF ENERGY, TECHNOLOGY, EMERGENCY COMMUNICATIONS, PREVENTION, AND MITIGATION IN TANDEM WITH TECHNICAL ASSISTANCE AND TRAINING OFFERED THROUGH THE RESILIENCY NETWORK. NYC SMALL BUSINESS COVID RECOVERY GRANT PROGRAM. OFFER ONE-ON-ONE ASSISTANCE TO SMALL BUSINESSES IN THE ARTS, ENTERTAINMENT, RECREATION, ACCOMMODATION, AND FOOD SECTORS AND IN LMI COMMUNITIES THROUGHOUT THE APPLICATION PROCESS TO ASSIST THEM IN APPLYING FOR THE SMALL BUSINESS RESILIENCE GRANT. 183531 739138 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 2 0 3 true false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true false false false NY X LINDA M BARAN 7187271900 2555 RICHMOND AVENUE SUITE 240 STATEN ISLAND NY 10314 LINDA BARAN PRESIDENT & 5.00 35.00 X 0 143332 17740 DEAN BALSAMINI DIRECTOR 1.00 X 0 0 0 RAM CHERUKURI DIRECTOR 1.00 X 0 0 0 EILEEN CORIGLIANO DIRECTOR 1.00 X 0 0 0 CAROL DECINA DIRECTOR 1.00 1.00 X 0 0 0 JAMES EASLEY DIRECTOR 1.00 X 0 0 0 CHRISTOPHER LEE DIRECTOR 1.00 1.00 X 0 0 0 ROSEMARIE SCAMPAS DIRECTOR 1.00 X 0 0 0 FRANK SCARANGELLO JR DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH SCIAME DIRECTOR 1.00 X 0 0 0 MARK TRANCHINA DIRECTOR 1.00 1.00 X 0 0 0 ED WISEMAN DIRECTOR 1.00 1.00 X 0 0 0 BRUCE BEHRINS LEGAL COUNSE 1.00 1.00 X 0 0 0 MICHAEL ASSENZA CHAIRMAN 1.00 1.00 X X 0 0 0 PHILIP GUARNIERI VICE CHAIR 1.00 X X 0 0 0 JOSEPH TORRES SECRETARY 1.00 X X 0 0 0 GAIL CASTELLANO TREASURER 1.00 X X 0 0 0 143332 17740 false true false 553184 139335 692519 58768 58768 229504 227604 1900 1900 1900 RELATED PARTY REIMBURSEMENT 46850 46850 46850 800037 107518 471628 408010 63618 7492 7492 28796 28796 39058 33960 5098 12000 12000 14110 14110 36700 25000 11700 24583 1311 23272 8210 4179 4031 75095 15000 60095 1631 1631 72462 72462 7469 7469 OTHER PROGRAM EXPENSES 183843 183843 SANITATION 21216 21216 BEAUTIFICATION 5449 5449 PAYROLL SERVICE 3251 3251 1012993 739138 273855 0 148258 139937 496139 410866 562192 395305 9813 396603 141375 327690 255228 1788619 2035553 300884 229442 3623782 3476144 12220 12000 532361 383327 544581 395327 X 2423431 2586097 655770 494720 3079201 3080817 3623782 3476144 -212956 214572 X false true X true false X 834721 732851 1008391 1136627 692519 4405109 834721 732851 1008391 1136627 692519 4405109 59443 4345666 29677 22101 25724 45228 58768 181498 4586607 261733 0.94750 0.96130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 309515 135775 173740 87088 5600 81488 255228 RIGHT OF USE ASSET - OPERATING LEASE 216988 SECURITY DEPOSIT 12454 229442 LEASE LIABILITY- BUILDING 238008 DUE TO RELATED PARTY 145319 383327 X 1010999 214572 10500 225072 785927 14110 14110 800037 1009383 10500 10500 998883 14110 14110 1012993 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS SUBJECT TO THE PROVISIONS OF THE FASB ASC TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE FOUNDATION'S GENERAL TAX-EXEMPT STATUS, ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON ITS FINANCIAL STATEMENTS. X X false false false false false false false false false LINDA BARAN PRESIDENT & CEO 143332 7500 10240 161072 FORM 990 - ORGANIZATION'S MISSION STATEN ISLAND CHAMBER OF COMMERCE FOUNDATION, INC., HEREINAFTER REFERRED TO AS THE FOUNDATION, HAS BEEN CREATED TO SUPPORT AND ADVANCE SMALL BUSINESS DEVELOPMENT AND BUSINESS TECHNOLOGY DEVELOPMENT OF THE STATEN ISLAND COMMUNITY THROUGH CHARITABLE EDUCATIONAL PROGRAMS AND COMMERCIAL REVITALIZATION PROGRAMS THAT LESSEN THE BURDENS OF GOVERNMENT. FORM 990, PAGE 2, PART III, LINE 4B THE SMALL BUSINESS RESOURCE NETWORK (SBRN). THE SBRN PROGRAM WAS LAUNCHED IN OCTOBER OF 2020, A COLLABORATIVE PARTNERSHIP BETWEEN THE FIVE-BOROUGH CHAMBERS OF COMMERCE, THE PARTNERSHIP FOR NYC, THE NYC ECONOMIC DEVELOPMENT CORPORATION (EDC), AND FUNDED BY THE PETERSON FOUNDATION. IN TOTAL, THERE ARE 22 BUSINESS RECOVERY SPECIALISTS ACROSS THE FIVE BOROUGHS CONNECTING SMALL BUSINESSES TO SUCH SERVICES AS: FINANCING, MARKETING, TECHNOLOGY & E-COMMERCE, LEGAL, PPE, GENERAL BUSINESS COUNSELING AND, AT THAT TIME, INFORMATION REGARDING SAFE OPENING REGULATIONS. THE CURRENT GOAL OF THE NYC SBRN IS TO SERVE 20,000 BUSINESSES ANNUALLY, WITH AN EMPHASIS ON M/WBE'S AND LOW-TO-MODERATE INCOME COMMUNITIES. COLLECTIVELY, WE HAVE CAPACITY TO SERVE BUSINESSES IN OVER EIGHT LANGUAGES OTHER THAN ENGLISH, AND AS WE CONTINUE TO BUILD OUT THE PROGRAM WITH NYC COUNCIL SUPPORT. FORM 990, PAGE 2, PART III, LINE 4D CHAMBER ASSIST/WORKFORCE - WORKFORCE DEVELOPMENT PROGRAM TO EDUCATE BUSINESSES ON HOW TO CONNECT TO INTERNS, FOSTER WORK-BASED LEARNING OPPORTUNITIES, AND ASSIST WITH JOB SCREENING AND PLACEMENTS. YOUNG ENTREPRENEUR'S ACADEMY (YEA) - THE YOUNG ENTREPRENEURS ACADEMY (YEA) IS A GROUNDBREAKING AND EXCITING PROGRAM THAT TRANSFORMS LOCAL MIDDLE AND HIGH SCHOOL STUDENTS INTO REAL, CONFIDENT ENTREPRENEURS. BOROUGH PRESIDENT GRANT - FUNDS TO SUPPORT OPERATIONS/TECHNICAL ASSISTANCE. LITTER REMOVAL PROGRAM - TO SUPPORT CLEANUP ACTIVITIES ON STATEN ISLAND. TOURISM - TO INCREASE STATEN ISLAND'S VISIBILITY THROUGH AN OUTREACH AND EDUCATIONAL CAMPAIGN. THE CAMPAIGN INCLUDED HIRING AN OUTSIDE BRANDING FIRM, VISIONING SESSIONS WITH STAKEHOLDERS, NEW PHOTOGRAPHY OF ALL THE ISLAND'S ATTRACTIONS TO DESIGN A NEW WEBSITE, AND COLLATERAL FOR ALL BRANDING AND MARKETING PURPOSES. EMPIRE STATE DEVELOPMENT (ESD) NYS COVID-19 PANDEMIC SMALL BUSINESS RECOVERY PROGRAM. PROVIDE TECHNICAL ASSISTANCE TO NEW YORK STATE MICRO AND SMALL BUSINESSES AND NOT-FOR-PROFIT INDEPENDENT ARTS AND CULTURAL ORGANIZATIONS IN APPLYING FOR THE NEW YORK STATE COVID-19 PANDEMIC SMALL BUSINESS RECOVERY GRANT PROGRAM AND VARIOUS OTHER FEDERAL AND NEW YORK STATE COVID-19 PROGRAMS. LISC VERIZON SMALL BUSINESS ACCELERATOR PROGRAM. COMMUNITY CHAMPION FOR LISC VERIZON SMALL BUSINESS ACCELERATOR PROGRAM. IN THIS ROLE, THE CHAMBER WORKS TO PROMOTE THE PROGRAM AND ENLIST PARTICIPANTS. THE PROGRAM IS APPROPRIATE FOR ALL SMALL AND MIDSIZE BUSINESSES (SMBS), WITH A PRIORITY FOCUS ON RECRUITING BIPOC AND WOMEN BUSINESS OWNERS. WITH FREE PERSONALIZED LEARNING PLANS THAT INCLUDE COURSES, LIVE COACHING SESSIONS WITH INDUSTRY LEADERS, AND COMMUNITY FORUMS AND INCENTIVES, THE PROGRAM GIVES SMALL BUSINESSES THE CHANCE TO LEARN NEW SKILLS, NETWORK WITHIN A LIKE-MINDED COMMUNITY, AND RECEIVE ONE-ON-ONE MENTORING. LISC WELLS FARGO SMALL BUSINESS RESILIENCY PROGRAM. A PILOT PROGRAM TO INCREASE BUSINESS DEVELOPMENT ORGANIZATION (BDO) CAPACITY TO DELIVER DISASTER RESILIENCY SERVICES TO SMALL BUSINESSES. LISC AND WELLS FARGO PARTNERED TO CREATE A SMALL BUSINESS DISASTER RESPONSE STRATEGY TO PREPARE SMALL BUSINESSES TO NOT ONLY STAY OPEN IN THE WAKE OF A DISASTER, BUT ALSO INNOVATE, EXPAND, AND THRIVE. THIS STRATEGY ENCOMPASSED A SMALL BUSINESS RESILIENCY NETWORK AND A DISASTER INFRASTRUCTURE RESILIENCE FUND. THE RESILIENCE FUND WILL ALLOW NON-PROFITS, BUSINESSES, AND OTHER QUALIFYING ENTITIES TO DEPLOY INFRASTRUCTURE INVESTMENTS IN RECOVERABLE GRANTS IN THE AREAS OF ENERGY, TECHNOLOGY, EMERGENCY COMMUNICATIONS, PREVENTION, AND MITIGATION IN TANDEM WITH TECHNICAL ASSISTANCE AND TRAINING OFFERED THROUGH THE RESILIENCY NETWORK. NYC SMALL BUSINESS COVID RECOVERY GRANT PROGRAM. OFFER ONE-ON-ONE ASSISTANCE TO SMALL BUSINESSES IN THE ARTS, ENTERTAINMENT, RECREATION, ACCOMMODATION, AND FOOD SECTORS AND IN LMI COMMUNITIES THROUGHOUT THE APPLICATION PROCESS TO ASSIST THEM IN APPLYING FOR THE SMALL BUSINESS RESILIENCE GRANT. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS, INCLUDING THE FINANCE COMMITTEE, REVIEW THE FORM 990 AND THE APPLICABLE SCHEDULES. AFTER THE BOARD OF DIRECTORS APPROVES THE INFORMATION REPORTED ON THE FORM 990, THE PRESIDENT SIGNS THE FORM AND FILES THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THERE IS ONGOING COMMUNICATION BETWEEN MANAGEMENT AND THE BOARD OF DIRECTORS.THE BOARD OF DIRECTORS MEET REGULARLY. THE CEO/PRESIDENT HAS AN OPEN DOOR POLICY TO HANDLE ALL ISSUES, FINANCIALLY AND NON-FINANCIALLY, THAT MAY ARISE IN THE COURSE OF BUSINESS. MANAGEMENT PRESENTS THE FINANCIAL AND NON-FINANCIAL MATTERS TO THE BOARD. THE BOARD AGREES OR DISAGREES WITH THE ISSUES. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. SI CHAMBER OF COMMERCE 2555 RICHMOND AVENUE SUITE 240 STATEN ISLAND NY 10314 135579112 LOCAL CHAM NY 501C 6 N/A false false false false false false false false false false false false false true true true true true false false STATEN ISLAND CHAMBER OF COMMERCE M 425297 COST