2025-10-30T11:25:06-04:00 2024-12-31 133952752 DESANTIS KIEFER SHALL & SARCONE LLP 1675 RICHMOND ROAD STATEN ISLAND NY 103042317 990 2024-01-01 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 2025-10-30 true false NICOLE M BULCROFT CPA P01463209 7183512233 2025-10-30 2024 2025-03-06 01:10:19Z LINDA BARAN 2555 RICHMOND AVENUE SUITE 240 STATEN ISLAND NY 10314 2308892 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. 14 14 2 100 0 692519 915759 0 60668 341033 46850 53745 800037 1310537 0 0 546974 531216 0 0 466019 450086 1012993 981302 -212956 329235 3476144 3678605 395327 340383 3080817 3338222 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 127100 DOWNTOWN STATEN ISLAND BUSINESS IMPROVEMENT DISTRICT (BID) FORMATION ORIGINALLY FUNDED UNDER THE NEW YORK CITY DEPARTMENT OF SMALL BUSINESS SERVICES' (SBS) NEIGHBORHOOD 360 PROGRAM TO ADDRESS DOWNTOWN STATEN ISLAND REVITALIZATION, THIS INITIATIVE HAS TRANSITIONED TO A BID FORMATION GRANT. THE FOUNDATION WORKS WITH LOCAL STAKEHOLDERS TO GUIDE THE PLANNING AND IMPLEMENTATION PROCESS REQUIRED TO ESTABLISH A FORMAL BUSINESS IMPROVEMENT DISTRICT. EFFORTS INCLUDE COMMUNITY OUTREACH, STAKEHOLDER ENGAGEMENT, AND DEVELOPMENT OF A BID PLAN TO STRENGTHEN AND SUSTAIN THE AREA'S COMMERCIAL CORE THROUGH ENHANCED SERVICES, BEAUTIFICATION, AND LONG-TERM ECONOMIC VITALITY. DOWNTOWN REVITALIZATION INITIATIVE (DRI) WAYFINDING & BRANDING PROJECT FUNDED THROUGH NEW YORK STATE'S DOWNTOWN REVITALIZATION INITIATIVE, THIS PROJECT ADDRESSES ONE OF DOWNTOWN STATEN ISLAND'S MOST SIGNIFICANT CHALLENGES-NAVIGATING BETWEEN ITS MAJOR GATEWAYS, ATTRACTIONS, AND NEIGHBORHOODS. MANAGED BY THE FOUNDATION, THE PROJECT WILL IMPLEMENT A MULTI-MODAL WAYFINDING SYSTEM THAT IMPROVES PEDESTRIAN, BICYCLE, TRANSIT, AND VEHICULAR NAVIGATION. EFFORTS INCLUDE CREATING GATEWAY SIGNAGE, DIRECTIONAL AND ORIENTATION KIOSKS, RETAIL BLADE SIGNS, STREETSCAPE BRANDING, AND PLACEMAKING ELEMENTS IN THE ST. GEORGE, TOMPKINSVILLE, AND STAPLETON NEIGHBORHOODS. THIS INITIATIVE AIMS TO ENHANCE VISITOR EXPERIENCES, ENCOURAGE EXPLORATION, STRENGTHEN CONNECTIONS BETWEEN THE WATERFRONT AND UPLAND COMMUNITIES, AND SUPPORT ECONOMIC ACTIVITY THROUGHOUT THE DISTRICT. 188204 SMALL BUSINESS RESOURCE NETWORK (SBRN) LAUNCHED IN 2020 AS A COLLABORATION BETWEEN THE FIVE BOROUGH CHAMBERS OF COMMERCE, THE PARTNERSHIP FOR NYC, AND NYC ECONOMIC DEVELOPMENT CORPORATION (EDC), THE SBRN IS NOW FUNDED THROUGH NYC EDC AS PART OF THE FIVE BOROUGH CHAMBER ALLIANCE. THE PROGRAM CONNECTS SMALL BUSINESSES WITH RESOURCES SUCH AS FINANCING, MARKETING, TECHNOLOGY AND E-COMMERCE TOOLS, LEGAL ASSISTANCE, AND GENERAL BUSINESS COUNSELING. WITH THE SUPPORT OF NYC COUNCIL FUNDING, THE PROGRAM PRIORITIZES SERVING M/WBES AND LOW-TO-MODERATE-INCOME COMMUNITIES, WITH MULTILINGUAL CAPACITY IN OVER EIGHT LANGUAGES. 125799 CHAMBER ON THE GO A MOBILE BUSINESS SUPPORT INITIATIVE THAT BRINGS FREE RESOURCES DIRECTLY TO SMALL BUSINESSES AT THEIR STOREFRONTS, HELPING OWNERS ACCESS SERVICES WITHOUT LEAVING THEIR PLACE OF BUSINESS. 268385 CHAMBER ASSIST / WORKFORCE DEVELOPMENT THIS PROGRAM CONNECTS SMALL BUSINESSES WITH INTERNS, FOSTERS WORK-BASED LEARNING OPPORTUNITIES, AND PROVIDES JOB SCREENING AND PLACEMENT ASSISTANCE. THE FOUNDATION MAINTAINS AN ACTIVE JOB BOARD, FACILITATES PARTNERSHIPS BETWEEN EMPLOYERS AND EDUCATIONAL INSTITUTIONS, AND SUPPORTS BUSINESSES IN DEVELOPING TALENT PIPELINES. KEY PARTNERS INCLUDE LOCAL HIGH SCHOOLS, COLLEGES, WORKFORCE PROGRAMS, AND COMMUNITY-BASED ORGANIZATIONS. LEADING LADIES COLLECTIVE (LLC) A SIX-MONTH LEADERSHIP DEVELOPMENT PROGRAM BRINGING TOGETHER A COHORT OF 12 WOMEN-OWNED BUSINESSES AND NONPROFIT EXECUTIVES. PARTICIPANTS RECEIVE TRAINING IN FINANCIAL LITERACY, MARKETING, TECHNOLOGY, BUSINESS DEVELOPMENT, AND LEADERSHIP, ALONG WITH ONE-ON-ONE MENTORING, NETWORKING OPPORTUNITIES, AND RESOURCES TO STRENGTHEN THEIR ENTERPRISES. YOUNG ENTREPRENEURS ACADEMY (YEA) A NATIONAL, AFTERSCHOOL PROGRAM THAT TRANSFORMS LOCAL HIGH SCHOOL STUDENTS INTO REAL, CONFIDENT ENTREPRENEURS. OVER THE COURSE OF 16 WEEKS, STUDENTS DEVELOP BUSINESS IDEAS, CONDUCT MARKET RESEARCH, WRITE BUSINESS PLANS, PRESENT TO AN INVESTOR PANEL, AND LAUNCH THEIR OWN COMPANIES. THE FOUNDATION HAS GRADUATED MORE THAN 225 STUDENTS OVER 11 YEARS, BUILDING A ROBUST ALUMNI NETWORK THAT SUPPORTS FUTURE PROGRAM PARTICIPANTS. NATIONAL CIVICS BEE AN ANNUAL COMPETITION FOR STUDENTS IN GRADES 6-8 THAT ENCOURAGES CIVIC ENGAGEMENT AND KNOWLEDGE. PARTICIPANTS SUBMIT ESSAYS ADDRESSING LOCAL CHALLENGES AND SOLUTIONS, WITH FINALISTS COMPETING IN A LIVE QUIZ EVENT. WINNERS ADVANCE TO STATE AND NATIONAL COMPETITIONS. LISC VERIZON SMALL BUSINESS ACCELERATOR PROGRAM AS A COMMUNITY CHAMPION, THE FOUNDATION CONNECTS SMALL AND MIDSIZE BUSINESSES-ESPECIALLY BIPOC AND WOMEN-OWNED ENTERPRISES-TO SERVICES PROVIDED THROUGH VERIZON'S SMALL BUSINESS DIGITAL READY PLATFORM. THIS INCLUDES PERSONALIZED LEARNING PLANS, LIVE COACHING, MENTORING, NETWORKING OPPORTUNITIES, AND ACCESS TO BUSINESS DEVELOPMENT RESOURCES. LISC WELLS FARGO SMALL BUSINESS RESILIENCY PROGRAM A PILOT INITIATIVE DESIGNED TO PREPARE SMALL BUSINESSES TO WITHSTAND AND RECOVER FROM DISASTERS, OFFERING TRAINING, TECHNICAL ASSISTANCE, AND ACCESS TO A DISASTER INFRASTRUCTURE RESILIENCE FUND FOR INVESTMENTS IN ENERGY, TECHNOLOGY, COMMUNICATIONS, AND MITIGATION MEASURES. BOROUGH PRESIDENT GRANT FUNDING TO SUPPORT OPERATIONS AND PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESSES. CLEAN UP AND BEAUTIFICATION SUPPORT FOR NEIGHBORHOOD CLEANUP AND BEAUTIFICATION EFFORTS ACROSS STATEN ISLAND TO IMPROVE COMMERCIAL CORRIDORS AND ENHANCE COMMUNITY PRIDE. THE FOUNDATION ACTS AS A CONDUIT TO LOCAL CIVIC ORGANIZATIONS AND COORDINATES COMMUNITY CLEANUPS IN ADDITION TO ITS OWN DOWNTOWN STATEN ISLAND (DTSI) CLEANUP AND BEAUTIFICATION EFFORTS. 268385 709488 true true false false false false false false false false true false false false 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 4 0 2 true false false false false false false false false X 14 14 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 166510 18945 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 JOSEPH SCIAME DIRECTOR 1.00 X 0 0 0 MARK TRANCHINA DIRECTOR 1.00 1.00 X 0 0 0 FRANK WILKINSON DIRECTOR 1.00 1.00 X 0 0 0 ED WISEMAN DIRECTOR 1.00 1.00 X 0 0 0 FRANK SCARANGELLO JR CHAIRPERSON 1.00 1.00 X X 0 0 0 PHIL 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 166510 18945 false true false 821836 93923 915759 82262 82262 1257126 998355 258771 258771 258771 RELATED PARTY REIMBURSEMENT 53745 53745 53745 1310537 394778 454773 410239 44534 11095 11095 29868 29868 35480 32137 3343 2361 2361 12000 12000 16386 16386 30300 18600 11700 3000 3000 21213 2569 18644 11108 2100 9008 75095 15000 60095 3777 3777 79320 79320 14423 14423 PROGRAM RELATED EXPENSES 161609 161609 BEAUTIFICATION 17250 17250 PAYROLL SERVICE 2244 2244 981302 709488 271814 0 139937 65273 410866 403414 395305 633375 9813 462 396603 220695 255228 175908 2035553 2245810 229442 154363 3476144 3678605 12000 12000 383327 328383 395327 340383 X 2586097 2733246 494720 604976 3080817 3338222 3476144 3678605 329235 -71830 X false true X true false X 732851 1008391 1136627 692519 915759 4486147 732851 1008391 1136627 692519 915759 4486147 55595 4430552 22101 25724 45228 58768 82262 234083 4720230 368062 0.93860 0.94750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 309515 205157 104358 87088 15538 71550 175908 DUE TO RELATED PARTY 170664 LEASE LIABILITY- BUILDING 157719 328383 X 1222321 -71830 -71830 1294151 16386 16386 1310537 964916 964916 16386 16386 981302 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 FOUNDATIONS 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 X false false false false false false false false false LINDA BARAN PRESIDENT & CEO 166510 8681 10264 185455 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 4A DOWNTOWN STATEN ISLAND BUSINESS IMPROVEMENT DISTRICT (BID) FORMATION ORIGINALLY FUNDED UNDER THE NEW YORK CITY DEPARTMENT OF SMALL BUSINESS SERVICES' (SBS) NEIGHBORHOOD 360 PROGRAM TO ADDRESS DOWNTOWN STATEN ISLAND REVITALIZATION, THIS INITIATIVE HAS TRANSITIONED TO A BID FORMATION GRANT. THE FOUNDATION WORKS WITH LOCAL STAKEHOLDERS TO GUIDE THE PLANNING AND IMPLEMENTATION PROCESS REQUIRED TO ESTABLISH A FORMAL BUSINESS IMPROVEMENT DISTRICT. EFFORTS INCLUDE COMMUNITY OUTREACH, STAKEHOLDER ENGAGEMENT, AND DEVELOPMENT OF A BID PLAN TO STRENGTHEN AND SUSTAIN THE AREA'S COMMERCIAL CORE THROUGH ENHANCED SERVICES, BEAUTIFICATION, AND LONG-TERM ECONOMIC VITALITY. DOWNTOWN REVITALIZATION INITIATIVE (DRI) WAYFINDING & BRANDING PROJECT FUNDED THROUGH NEW YORK STATE'S DOWNTOWN REVITALIZATION INITIATIVE, THIS PROJECT ADDRESSES ONE OF DOWNTOWN STATEN ISLAND'S MOST SIGNIFICANT CHALLENGES-NAVIGATING BETWEEN ITS MAJOR GATEWAYS, ATTRACTIONS, AND NEIGHBORHOODS. MANAGED BY THE FOUNDATION, THE PROJECT WILL IMPLEMENT A MULTI-MODAL WAYFINDING SYSTEM THAT IMPROVES PEDESTRIAN, BICYCLE, TRANSIT, AND VEHICULAR NAVIGATION. EFFORTS INCLUDE CREATING GATEWAY SIGNAGE, DIRECTIONAL AND ORIENTATION KIOSKS, RETAIL BLADE SIGNS, STREETSCAPE BRANDING, AND PLACEMAKING ELEMENTS IN THE ST. GEORGE, TOMPKINSVILLE, AND STAPLETON NEIGHBORHOODS. THIS INITIATIVE AIMS TO ENHANCE VISITOR EXPERIENCES, ENCOURAGE EXPLORATION, STRENGTHEN CONNECTIONS BETWEEN THE WATERFRONT AND UPLAND COMMUNITIES, AND SUPPORT ECONOMIC ACTIVITY THROUGHOUT THE DISTRICT. FORM 990, PAGE 2, PART III, LINE 4D CHAMBER ASSIST / WORKFORCE DEVELOPMENT THIS PROGRAM CONNECTS SMALL BUSINESSES WITH INTERNS, FOSTERS WORK-BASED LEARNING OPPORTUNITIES, AND PROVIDES JOB SCREENING AND PLACEMENT ASSISTANCE. THE FOUNDATION MAINTAINS AN ACTIVE JOB BOARD, FACILITATES PARTNERSHIPS BETWEEN EMPLOYERS AND EDUCATIONAL INSTITUTIONS, AND SUPPORTS BUSINESSES IN DEVELOPING TALENT PIPELINES. KEY PARTNERS INCLUDE LOCAL HIGH SCHOOLS, COLLEGES, WORKFORCE PROGRAMS, AND COMMUNITY-BASED ORGANIZATIONS. LEADING LADIES COLLECTIVE (LLC) A SIX-MONTH LEADERSHIP DEVELOPMENT PROGRAM BRINGING TOGETHER A COHORT OF 12 WOMEN-OWNED BUSINESSES AND NONPROFIT EXECUTIVES. PARTICIPANTS RECEIVE TRAINING IN FINANCIAL LITERACY, MARKETING, TECHNOLOGY, BUSINESS DEVELOPMENT, AND LEADERSHIP, ALONG WITH ONE-ON-ONE MENTORING, NETWORKING OPPORTUNITIES, AND RESOURCES TO STRENGTHEN THEIR ENTERPRISES. YOUNG ENTREPRENEURS ACADEMY (YEA) A NATIONAL, AFTERSCHOOL PROGRAM THAT TRANSFORMS LOCAL HIGH SCHOOL STUDENTS INTO REAL, CONFIDENT ENTREPRENEURS. OVER THE COURSE OF 16 WEEKS, STUDENTS DEVELOP BUSINESS IDEAS, CONDUCT MARKET RESEARCH, WRITE BUSINESS PLANS, PRESENT TO AN INVESTOR PANEL, AND LAUNCH THEIR OWN COMPANIES. THE FOUNDATION HAS GRADUATED MORE THAN 225 STUDENTS OVER 11 YEARS, BUILDING A ROBUST ALUMNI NETWORK THAT SUPPORTS FUTURE PROGRAM PARTICIPANTS. NATIONAL CIVICS BEE AN ANNUAL COMPETITION FOR STUDENTS IN GRADES 6-8 THAT ENCOURAGES CIVIC ENGAGEMENT AND KNOWLEDGE. PARTICIPANTS SUBMIT ESSAYS ADDRESSING LOCAL CHALLENGES AND SOLUTIONS, WITH FINALISTS COMPETING IN A LIVE QUIZ EVENT. WINNERS ADVANCE TO STATE AND NATIONAL COMPETITIONS. LISC VERIZON SMALL BUSINESS ACCELERATOR PROGRAM AS A COMMUNITY CHAMPION, THE FOUNDATION CONNECTS SMALL AND MIDSIZE BUSINESSES-ESPECIALLY BIPOC AND WOMEN-OWNED ENTERPRISES-TO SERVICES PROVIDED THROUGH VERIZON'S SMALL BUSINESS DIGITAL READY PLATFORM. THIS INCLUDES PERSONALIZED LEARNING PLANS, LIVE COACHING, MENTORING, NETWORKING OPPORTUNITIES, AND ACCESS TO BUSINESS DEVELOPMENT RESOURCES. LISC WELLS FARGO SMALL BUSINESS RESILIENCY PROGRAM A PILOT INITIATIVE DESIGNED TO PREPARE SMALL BUSINESSES TO WITHSTAND AND RECOVER FROM DISASTERS, OFFERING TRAINING, TECHNICAL ASSISTANCE, AND ACCESS TO A DISASTER INFRASTRUCTURE RESILIENCE FUND FOR INVESTMENTS IN ENERGY, TECHNOLOGY, COMMUNICATIONS, AND MITIGATION MEASURES. BOROUGH PRESIDENT GRANT FUNDING TO SUPPORT OPERATIONS AND PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESSES. CLEAN UP AND BEAUTIFICATION SUPPORT FOR NEIGHBORHOOD CLEANUP AND BEAUTIFICATION EFFORTS ACROSS STATEN ISLAND TO IMPROVE COMMERCIAL CORRIDORS AND ENHANCE COMMUNITY PRIDE. THE FOUNDATION ACTS AS A CONDUIT TO LOCAL CIVIC ORGANIZATIONS AND COORDINATES COMMUNITY CLEANUPS IN ADDITION TO ITS OWN DOWNTOWN STATEN ISLAND (DTSI) CLEANUP AND BEAUTIFICATION EFFORTS. 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 556173 COST STATEN ISLAND CHAMBER OF COMMERCE Q 53745 COST