Civic Intelligence

Chamber of Commerce Borough of Queens

EIN 11-0559220 • 501(c)6 • Jackson Heights, NY

Profile

To promote business in the Borough of Queens, City of New York, and to provide members with the opportunity to expand their businesses and enhance the overall business environment.

75-20 Astoria BoulevardJackson Heights, NY 11370

queenschamber.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.62x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.37x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

48th percentile

4.0%

Higher net margin than 48% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$262,607

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

25th percentile

-1.5%

Faster asset growth than 25% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

32%

Faster revenue growth than 90% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,812,547

Down $43,993 (-1.5%) from 2023

Liabilities

Down

$1,748,500

Down $233,529 (-12%) from 2023

Net Assets

Up

$1,064,047

Up $189,536 (+22%) from 2023

Revenue

Up

$4,788,198

Up $1,155,277 (+32%) from 2023

Expenses

Up

$4,598,662

Up $918,260 (+25%) from 2023

Net Income

Up

$189,536

Up $237,017 (+499%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2012: $311,397Liabilities 2012: $139,083Net Assets 2012: $172,3142012Assets 2013: $283,806Liabilities 2013: $163,553Net Assets 2013: $120,2532013Assets 2014: $310,151Liabilities 2014: $157,263Net Assets 2014: $152,8882014Assets 2015: $502,228Liabilities 2015: $282,702Net Assets 2015: $219,5262015Assets 2016: $359,127Liabilities 2016: $270,652Net Assets 2016: $88,4752016Assets 2017: $456,355Liabilities 2017: $420,860Net Assets 2017: $35,4952017Assets 2018: $577,302Liabilities 2018: $397,993Net Assets 2018: $179,3092018Assets 2019: $1,110,972Liabilities 2019: $684,925Net Assets 2019: $426,0472019Assets 2020: $1,405,620Liabilities 2020: $994,234Net Assets 2020: $411,3862020Assets 2021: $1,746,395Liabilities 2021: $835,989Net Assets 2021: $910,4062021Assets 2022: $1,975,527Liabilities 2022: $1,053,535Net Assets 2022: $921,9922022Assets 2023: $2,856,540Liabilities 2023: $1,982,029Net Assets 2023: $874,5112023Assets 2024: $2,812,547Liabilities 2024: $1,748,500Net Assets 2024: $1,064,0472024

Highlighted filing

2024

Assets$2,812,547
Liabilities$1,748,500
Net Assets$1,064,047

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $723,419Expenses 2012: $745,895Net Income 2012: -$22,4762012Revenue 2013: $573,131Expenses 2013: $625,192Net Income 2013: -$52,0612013Revenue 2014: $864,644Expenses 2014: $835,757Net Income 2014: $28,8872014Revenue 2015: $1,103,623Expenses 2015: $1,003,346Net Income 2015: $100,2772015Revenue 2016: $1,126,209Expenses 2016: $1,021,731Net Income 2016: $104,4782016Revenue 2017: $1,331,927Expenses 2017: $1,356,819Net Income 2017: -$24,8922017Revenue 2018: $1,489,832Expenses 2018: $1,346,018Net Income 2018: $143,8142018Revenue 2019: $2,020,991Expenses 2019: $1,774,253Net Income 2019: $246,7382019Revenue 2020: $2,405,393Expenses 2020: $2,420,054Net Income 2020: -$14,6612020Revenue 2021: $3,049,031Expenses 2021: $2,550,011Net Income 2021: $499,0202021Revenue 2022: $3,091,968Expenses 2022: $3,085,682Net Income 2022: $6,2862022Revenue 2023: $3,632,921Expenses 2023: $3,680,402Net Income 2023: -$47,4812023Revenue 2024: $4,788,198Expenses 2024: $4,598,662Net Income 2024: $189,5362024

Highlighted filing

2024

Revenue$4,788,198
Expenses$4,598,662
Net Income$189,536

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.81$1.75$1.06$4.79$4.60$0.19
2023Detailed filing. Detailed filing data is available for this year.$2.86$1.98$0.87$3.63$3.68$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$1.05$0.92$3.09$3.09$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.75$0.84$0.91$3.05$2.55$0.50
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$0.99$0.41$2.41$2.42$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.68$0.43$2.02$1.77$0.25
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.40$0.18$1.49$1.35$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.42$0.04$1.33$1.36$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.27$0.09$1.13$1.02$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.50$0.28$0.22$1.10$1.00$0.10
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.31$0.16$0.15$0.86$0.84$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.16$0.12$0.57$0.63$0.05
2012Summary only. Only limited summary data is available for this year.$0.31$0.14$0.17$0.72$0.75$0.02
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 19, 2024
Return Version
2023v5.1
Gross Receipts
$3,807,538
Mission and Program Overview

Mission

To promote business in the borough of queens, city of new york, and to provide members with the opportunity to expand their businesses and enhance the overall business environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$976,463$1,087,648▲ $111,185
Savings and Temporary Cash Investments-$898,690-
Cash and Non-Interest-Bearing Accounts$634,255$680,391▲ $46,136
Investments Other Securities$235,728$71,958▼ $163,770
Land, Buildings, and Equipment, Net$53,275$45,046▼ $8,229
Prepaid Expenses and Deferred Charges$20,238$39,049▲ $18,811
Accounts Receivable$55,568$33,758▼ $21,810
Total Assets$1,975,527$2,856,540▲ $881,013
Liabilities
Grants Payable$85,591$1,324,826▲ $1,239,235
Deferred Revenue$469,596$277,307▼ $192,289
Unsecured Notes Loans Payable$159,561$156,740▼ $2,821
Accounts Payable and Accrued Expenses$108,441$147,825▲ $39,384
Other Liabilities$230,346$75,331▼ $155,015
Total Liabilities$1,053,535$1,982,029▲ $928,494
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$921,992$874,511▼ $47,481
Total Net Assets Fund Balance$921,992$874,511▼ $47,481
Total Liabilities and Net Assets / Fund Balance$1,975,527$2,856,540▲ $881,013

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$43,686$21,306$64,992
Equipment$1,360$8,709$10,069
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas GrechPresident/CEOFT$214,882$9,591$224,473
Joanne PersadChief Operations OfficerFT$129,305$13,679$142,984
Brendan LeavyVP, Business DevelopmentFT$121,576$3,583$125,159
Richard J GrebingerCFOFT$118,620$505$119,125

Board Members and Trustees

NameTitle
Thomas SantucciChairman
Bert LurchBoard Member
Carl MattoneBoard Member
Charles CallahanBoard Member
Charles EverettBoard Member
Daniel ZausnerBoard Member
David DiraioBoard Member
Fran GrossBoard Member
Frank MacchioBoard Member
Henry WanBoard Member
Howard GrafBoard Member
Jeffrey RosenstockBoard Member
Joseph R FicaloraBoard Member
Juan SantiagoBoard Member
Kenneth J BuettnerBoard Member
Kenneth KoenigBoard Member
Lorraine Chambers LewisBoard Member
Maria OdysseosBoard Member
Mark ScheinbergBoard Member
Mark WeprinBoard Member
Melinda MurrayBoard Member
Meredith MarshallBoard Member
Michelle StoddartBoard Member
Raymond IrreraBoard Member
Salvatore CrifasiBoard Member
Sher SparanoBoard Member
Stephanie BaldwinBoard Member
Stephen PreussBoard Member
Steven DeclaraBoard Member
Tamara GavrielofBoard Member
Terri ThomsonBoard Member
Richard DzwlewiczAssociate Secretary
Nash RoeAssociate Treasurer
Patrick YuSecretary
Patricia MezeulTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,597,595
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$35,326
All Other Contributions
$189,179
Change in Net Assets
$-47,481

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,632,921
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,632,921
Total Revenue per Form 990
$3,632,921
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,422,849
Other Expenses$1,257,553
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,576,659
Current Officers, Directors, Trustees, and Key Employees---$506,317
Fees for Services Other---$458,296
Occupancy---$227,119
Payroll Taxes---$179,030
Office Expenses---$155,644
Other Employee Benefits---$119,250
Advertising---$49,061
Pension Plan Contributions---$41,593
Travel---$32,517
Fees for Services Accounting---$25,000
Insurance---$24,390
Fees for Services Lobbying---$14,400
Interest---$12,267
Fees for Services Legal---$8,826
Depreciation Depletion---$8,229
Other Expenses---$6,350
All Other Expenses---$5,283
Total Functional Expenses$0$0$0$3,680,402

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,680,402
Total Expenses per Audited Statements$3,680,402
Total Expenses per Form 990$3,680,402
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$174,617
Fundraising Gross Income$174,617
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Business Expo$136,827$49,431-$49,431
Building Awards$132,266$30,442-$30,442
Total Events$754,041$174,617$174,617$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$14,400
Total Nondeductible Lobbying and Political Cost$14,400
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$75,331
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7B

Members of the chamber's board have voting rights.

Form 990, Part VI, Section B, Line 11B

The chamber's form 990 is not provided to all members of its govering body before filing.

Form 990, Part VI, Section B, Line 12C

Conflict of interest statements are required to be completed and obtained from all board members and management personnel on an annual basis.

Form 990, Part VI, Section B, Line 15

The chairman of the board approves compensation of the organization's officers and key employees.

Form 990, Part VI, Section C, Line 18

Upon written request documents will be made available.

Form 990, Part VI, Section C, Line 19

Documents will be made available upon written request.

Filing and Contact Details

Filer

Filer Name
Chamber of Commerce of the Borough of
EIN
11-0559220
Phone
7188988500
Address
75-20 ASTORIA BOULEVARD, JACKSON HEIGHTS, NY 11370
Doing Business As
Queens Chamber of Commerce

Signing Officer

Name
Thomas Grech
Title
President/CEO
Phone
7188988500
Signed
2024-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Grech
Formed
1911
Legal Domicile
Ny
Voting Board Members
35
Independent Board Members
35
Employees
40
Volunteers
35

Preparer

Firm
Sax Llp
Address
1040 AVENUE OF THE AMERICAS 16TH, FLOOR, NEW YORK, NY 10018
Preparer
Mike Schall
Phone
2122682804
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees 352,696. Grantwriting 105,600.

Financial Statement Notes

PART X, LINE 2:

The organization does not believe its consolidated financial statements include any material, uncertain tax positions. Tax filings for periods ending december 31, 2020 and later are subject to examination by applicable taxing authorities.

Raw XML AppendixShowing 400 of 688 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt033758
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE BUSINESS IN THE BOROUGH OF QUEENS, CITY OF NEW YORK, AND TO PROVIDE MEMBERS WITH THE OPPORTUNITY TO EXPAND THEIR BUSINESSES AND ENHANCE THE OVERALL BUSINESS ENVIRONMENT.
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IRS990/BooksInCareOfDetail/PhoneNum07188988500
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IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt32BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt33BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt34BOARD MEMBER
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