Colonie Chamber Of Commerce

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222684395 ✦ Latham, NY ✦ Designated as a 501(c)(6)

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Overview

What is Colonie Chamber Of Commerce?

The Colonie Chamber of Commerce is a nonprofit organization situated in Latham, New York, specifically at 950 New Loudon Road. Their primary mission is to foster the growth of local businesses by promoting commerce in the Colonie area. They actively engage in community awareness and involvement initiatives. Additionally, they have established and manage a large group for health insurance, offering members an affordable plan option. With a modest workforce of two employees, the Chamber plays a significant role in supporting the local business community.


Official website here: www.coloniechamber.org

Is Colonie Chamber Of Commerce legitimate?

Colonie Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Colonie Chamber Of Commerce submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $76,329
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,017

For more financial information, click here


Official website here: www.coloniechamber.org

What is the mission statement of Colonie Chamber Of Commerce?

The Colonie Chamber of Commerce is committed to advancing the business interests of its members and fostering commerce within its community. It actively promotes community engagement and awareness. Furthermore, the organization has established and maintains a large group for offering a cost-effective health insurance plan to its members. Overall, the Chamber's mission is to support its members and contribute positively to its community.


Official website here: www.coloniechamber.org

Who is the CEO of Colonie Chamber Of Commerce?

Tom Nolte is the Principal Officer of Colonie Chamber Of Commerce.


Official website here: www.coloniechamber.org

What is the revenue of Colonie Chamber Of Commerce?

Colonie Chamber Of Commerce's revenue in 2022 was $172,387.


Official website here: www.coloniechamber.org

Who are the executives of Colonie Chamber Of Commerce and what are their salaries?

The average compensation at Colonie Chamber Of Commerce during 2022 was $63,173. There are 2 employees and 30 volunteers at Colonie Chamber Of Commerce.


Here are 16 key members and their salaries:


Paul Franklin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Green (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian L Jones (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Maguire (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
April Braman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Perry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brittany Lawton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Paladino (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ali Anechiarico (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Knapp (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Labree (Chair Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Law (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Mccauley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Mccurdy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Proskin (General Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Skeals (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.coloniechamber.org

Where can I find the form 990 for Colonie Chamber Of Commerce?

Colonie Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.coloniechamber.org

Learn more at the official website: www.coloniechamber.org

Mission Statement of Colonie Chamber Of Commerce

The Colonie Chamber of Commerce is committed to fostering the growth of its members' businesses and boosting commerce within the Colonie, New York area. This nonprofit organization actively promotes community engagement and involvement. In addition to this, the Chamber has established and maintains a significant group that provides its members with a lower-cost health insurance plan, thereby addressing their health coverage needs. By doing so, the Colonie Chamber of Commerce demonstrates its dedication to supporting its members' overall well-being and success.

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Impact




October, 2024

The Colonie Chamber of Commerce plays a vital role in advancing business interests and promoting commerce in the Colonie, NY area. By fostering an environment that encourages community awareness and involvement, the Chamber strengthens the local economy and supports its members through various initiatives. One of their significant contributions is the establishment of a large health insurance group, which provides members with access to lower-cost plans, enhancing their business viability.

Through networking opportunities, advocacy, and promotional activities, the Chamber not only helps individual businesses thrive but also cultivates a sense of community, ensuring that the economic growth aligns with the needs and well-being of residents. The organization's dedication to improving local commerce translates into a more vibrant and sustainable community for everyone involved.




This information is meant to be a general summary of Colonie Chamber Of Commerce. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$172,387 (2022)
Expenses
$218,027 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $136
  • Program Service Revenue: $25,469
  • Gross Receipts: $182,319

Assets and Liabilities:

  • Total Assets: $642,038
  • Total Liabilities: $609,536
  • Net Assets: $32,502

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Meetings & Social Events

Revenue

$6,893

Directory & Affinity program

Revenue

$5,350

Administrative Fees

Revenue

$13,226

Organization Details

Founding Year

1985

Principal Officer

Tom Nolte

Main Address

950 New Loudon Road, Latham, NY, 12110

NTEE Category

Code: S41 - Community improvement

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