Commerce Chenango INC FY2023 filing

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To serve our members and the people of Chenango county through partnership with businesses and all levels of government,to leverage resources for sustainable economic growth.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$85K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $42K a year · 6% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$85K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$236K
118% of total assets
Concern: liabilities are 118% of assets; over 80%.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$691K
-6% vs prior year
Spent
$750K
Net assets
−$36K
By yearFY2020–FY2025
Revenue
$691K
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$434K
FY2021$509K
FY2022$734K
FY2023$691K
FY2024$759K
FY2025$782K
Expenses
$750K
FY2023▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$472K
FY2021$543K
FY2022$743K
FY2023$750K
FY2024$804K
FY2025$848K
Net assets
−$36K
FY2023▼ -256%
Tap a bar for its year
Net assets by fiscal year
FY2020$66K
FY2021$32K
FY2022$23K
FY2023−$36K
FY2024−$77K
FY2025−$143K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

18 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Executive Director
$84,539Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Salvatore Testani$89,252$87,003$84,539$14,250——
Kerri Green———$50,319$72,849$76,484

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Commerce Chenango INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Partners with businesses and government to grow Chenango County's economy.

Questions for Commerce Chenango INC

Tap to ask. Commerce Chenango INC sees how many people are interested.

Your first name shows with your question. Commerce Chenango INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · in their own filed words · FY2023
01

Economic Development

Programs to provide administrative services to not-for-profit organizations which have a similar mission to commerce chenango. The services may include, but are not limited to, personnel management, fiscal management, and use of office facilities.

Pt IX · col B
02

Tourism

Membership programs designed to promote member organizations, the economic well-being of the community, and the natural beauty of chenango county, administration of "I love new york" grant and new york tourism grants.

Pt IX · col B
03

Special Events

Member programs designed to promote community and networking opportunities for members.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$3K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$691K
Ln 12
Fees for servicesLn 2g$691K
Other incomeLn 4–11$21
Investment incomeLn 3$17
Money outPt IX
$750K
Ln 25
Owns and owesPt X
−$36K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$200K
LiabilitiesLn 26$236K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$691K
Investment incomeLn 3$17
Other incomeLn 4–11$21
Total revenueLn 12$691K
Assets in detailPt X, end of year
CashLn 1$75K
SavingsLn 2$6K
Cash and savings togetherLn 1–2$81K
Land, buildings, equipmentLn 10c$72K
Total assetsLn 16$200K
LiabilitiesLn 26$236K
Net assetsLn 32−$36K
OperationsPt I, VI
EmployeesI 57
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$99K$81K
Land, buildings, equipmentLn 10c$84K$72K
Total assetsLn 16$196K$200K
LiabilitiesLn 26$173K$236K
Net assetsLn 32$23K−$36K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$119K
Other salaries and wagesLn 7$198K
Pension plan contributionsLn 8$1K
Other employee benefitsLn 9$4K
Payroll taxesLn 10$24K
Accounting feesLn 11c$57K
Other fees for servicesLn 11g$2K
Advertising and promotionLn 12$184K
Office expensesLn 13$17K
OccupancyLn 16$28K
TravelLn 17$1K
Conferences, conventions and meetingsLn 19$21K
InterestLn 20$7K
Depreciation, depletion and amortizationLn 22$12K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$65K
All other expensesLn 24e$5K
Total functional expensesLn 25$750K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $782K$848K−$66K−$143K 990 PDF
FY2024 $759K$804K−$45K−$77K 990 PDF
FY2023 Viewing $691K$750K−$58K−$36K 990 PDF
FY2022 $734K$743K−$10K$23K 990 PDF
FY2021 $509K$543K−$34K$32K 990 PDF
FY2020 $434K$472K−$38K$66K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $691,467 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $703,523$691,429
I-10 Investment incomePrior year $46$17
I-11 Other revenuePrior year $30,000$21
I-12 Total revenuePrior year $733,569$691,467
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $329,505$346,366
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $413,662$403,422
I-18 Total expensesPrior year $743,167$749,788
I-19 Revenue less expensesPrior year −$9,598−$58,321
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $691,467 across 4 lines filed
Lines not itemized here account for $81,069 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $610,360$610,360
VIII-3 Investment incomeExcluded from tax $17$17
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21$21
VIII-12 Total revenueRelated to mission $691,450 · Unrelated business $0 · Excluded from tax $17$691,467
Part IX · Statement of functional expenses $749,788 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$118,864
IX-7 Other salaries and wages$198,447
IX-8 Pension plan contributions$1,353
IX-9 Other employee benefits$3,752
IX-10 Payroll taxes$23,950
IX-11c Accounting fees$56,917
IX-11g Other fees for services$2,475
IX-12 Advertising and promotion$183,917
IX-13 Office expenses$16,993
IX-16 Occupancy$28,270
IX-17 Travel$1,159
IX-19 Conferences, conventions and meetings$20,999
IX-20 Interest$6,968
IX-22 Depreciation, depletion and amortization$11,887
IX-23 Insurance$3,769
IX-24 Other expenses (24a–d)$65,411
IX-24e All other expenses$4,657
IX-25 Total functional expenses$749,788
Part X · Balance sheet $200,129 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $61,961$74,903
X-2 Savings and temporary cash investmentsStart of year $37,199$5,827
X-4 Accounts receivableStart of year $3,276$38,732
X-9 Prepaid expenses and deferred chargesStart of year $8,985$8,363
X-10c Land, buildings and equipment, netStart of year $84,191$72,304
X-16 Total assetsStart of year $195,612$200,129
X-17 Accounts payable and accrued expensesStart of year $15,385$24,272
X-19 Deferred revenueStart of year $2,413$9,814
X-24 Unsecured notes and loans payableStart of year $147,914$143,942
X-26 Total liabilitiesStart of year $172,815$235,653
X-27 Net assets without donor restrictionsStart of year −$73,474−$131,795
X-28 Net assets with donor restrictionsStart of year $96,271$96,271
X-32 Total net assets or fund balancesStart of year $22,797−$35,524
X-33 Total liabilities and net assetsStart of year $195,612$200,129
Part XI · Reconciliation of net assets −$35,524 net assets at year end
XI-1 Total revenue$691,467
XI-2 Total expenses$749,788
XI-3 Revenue less expenses−$58,321
XI-4 Net assets at start of year$22,797
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$35,524

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.