irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $0The organization establishes and maintains a large group for health insurance which provides a lower cost plan to members.
named programs · 3 · from sources
What they call their work
Health Insurance Group Plan
Provides members with access to a lower-cost health insurance plan through collective group enrollment
Networking Events
Hosts business mixers, golf tournaments, and other events to facilitate professional connections among members
Sponsored Email Campaigns
Enables member businesses to send promotional messages to the Chamber’s email list of 2,000+ local business owners and employees
activities · 10 groups
What they do
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Industry and Community Recognition Awards 1 activity
- Administers community beautification awardsManages the Paula A. Stopera Colonie Beautification Achievement Awards, recognizing local businesses and entities that enhance the community’s physical environment, with winners honored at the Annual Dinner.
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Professional Association Capacity Building 1 activity
- Conducts educational seminars and webinars for membersOrganizes monthly business seminars and webinars to support professional development and provide educational resources to members in the Town of Colonie.
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Professional Networking Events 1 activity
- Facilitates business networking and professional developmentHosts monthly networking events, signature events such as Grand Slam Networking and Day at the Track, and offers one-on-one networking through committee participation to support business and professional connections in the Town of Colonie.
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Ribbon-Cutting Ceremony Support 1 activity
- Hosts ribbon cutting and member celebration eventsOrganizes and supports ribbon cutting ceremonies for member milestones including new business launches, expansions, and anniversaries, providing ceremonial materials and promoting events through website, social media, and member communications.
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Business Member Promotion Services 1 activity
- Manages member visibility and business promotion servicesProvides members with listings in the online directory, two listings in the Annual Business & Area Profile Directory, sponsored email campaigns, and publication of member news to enhance visibility and generate business referrals.
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Member Business Referral & Discount Programs 1 activity
- Offers cost-saving programs and services for membersProvides members with loyalty programs and discounted services including payroll processing, credit card processing, energy, communication services, and Internet, often with reduced or waived fees and exclusive access to unadvertised offers.
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Community Festival & Event Production 1 activity
- Organizes Colonie Restaurant WeekHosts two Colonie Restaurant Weeks annually, a promotional event in which participating restaurants offer a fixed-price three-course meal to drive community engagement and support local dining.
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Community Space Provision 1 activity
- Provides administrative and office support services to membersOffers members access to conference rooms, free black-and-white fax and copying services, and low-cost color options to support day-to-day business operations.
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Union and Association Benefit Funds 1 activity
- Provides group health and dental insurance programs for membersEstablishes and maintains group health and dental insurance programs to provide cost-effective coverage for members, their families, and employees through partnerships with providers.
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Regional Economic Development Initiatives 1 activity
- Serves as a central resource for local businesses, government, and residentsActs as a primary information and program hub for businesses, government entities, and residents in the Town of Colonie, providing tools, resources, and support to foster economic development and community engagement.
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financials · form 990 · fy2024
revenue
Total revenue$214K
Contributions & grants$160K75%
Program service revenue$43K20%
Investment income$1730%
Other revenue$11K
expenses
Total expenses$207K
Program expenses37%
Admin / overhead63%
Fundraising0%
Salaries & benefits$140K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$836K
Cash$303K
Investments$0
Liabilities$814K
Net assets$22K
Liquid reserves17.6 mo
4 years on record · 2020–2024 · YoY revenue -5.8%
leadership · form 990 part vii · fy2024
Who runs it
board members · 16
- Ali Anechiarico — Board Member
- April Braman — Board Member
- Brian L Jones — Chair
- Brittany Lawton — Board Member
- Chris Green — Chair
- David Perry — Board Member
- Dawn McCurdy — Board Member
- Edward Knapp — Board Member
- Frank Paladino — Secretary
- Jeff Law — Board Member
- Kathleen Skeals — Board Member
- Lisa Proskin — General Counsel
- Monica LaBree — Chair Elect
- Paul Franklin — Treasurer
- Sean Maguire — Board Member
- Stephanie McCauley — Board Member
relationships · 23
Who they work with
- Back Nine Bistro Partner — Participating restaurant in Colonie Restaurant Week.
- Barnsider Restaurant Partner — Participating restaurant in Colonie Restaurant Week.
- Bellini’s Italian Eatery Partner — Participating restaurant in Colonie Restaurant Week.
- Brian L. Jones Photography Partner — Offers 25% discount on various photography services to chamber members and their families
- Broken Loop Brewing Co. Partner — Participating restaurant in Colonie Restaurant Week.
- CapCom Federal Credit Union Partner — Former president Paula Stopera, from CapCom Federal Credit Union, is honored through the naming of the Beautification Achievement Awards.
- Capital District’s finest carriers Partner — Insurance providers offering plans through the Chamber's member benefits program.
- Conroy’s Irish Tavern Partner — Participating restaurant in Colonie Restaurant Week.
- Don Tequila Mexican Cantina Partner — Participating restaurant in Colonie Restaurant Week.
- GTM Payroll Services Partner — Provides discounted payroll and tax services to chamber members
- Highly Caffeinated Marketing LLC Partner — Provides free social media post planner to chamber members
- Innovo Kitchen Partner — Participating restaurant in Colonie Restaurant Week.
- Las Margaritas Mexican Cantina Partner — Participating restaurant in Colonie Restaurant Week.
- Merchant Pro Express Partner — Offers discounted credit card processing and related services to chamber members
- Muddy’s Tavern Partner — Participating restaurant in Colonie Restaurant Week.
- Outback Steakhouse Partner — Participating restaurant in Colonie Restaurant Week.
- Scarlet Knife Partner — Participating restaurant in Colonie Restaurant Week.
- Spectrum Enterprise Partner — Provides special unadvertised phone and Internet service offers to chamber members
- Town of Colonie Government — Collaborates with the Town of Colonie to serve as a resource for local businesses, government, and residents.
- Town of Colonie Government — Liaison and collaboration through the G*R*E*A*T Committee on government, economic, and transportation issues.
- Village of Colonie Government — Engages with the Village of Colonie through the G*R*E*A*T Committee on local policy and development initiatives.
- Village of Menands Government — Collaborates with the Village of Menands via the G*R*E*A*T Committee on economic and transportation matters.
- iSmile Studios Partner — Offers 30% discount on corporate branding sessions and iGrow memberships to chamber members
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Exclusive Member Incentive Modelmethodology: exclusive_member_incentivesBy restricting business referrals and discount programs to paying members only, the Chamber increases membership value and retention because exclusivity creates tangible economic benefits for participation.
- Network-Based Economic Developmentmethodology: network_based_economic_developmentBy fostering trusted personal and professional relationships among local business members, the Chamber drives economic activity because trust and familiarity increase collaboration, referrals, and customer loyalty.
- Regional Identity and Tourism Activationmethodology: regional_tourism_activationBy promoting the broader Town of Colonie as part of a connected regional economy and leveraging proximity to nearby cities, the Chamber increases local business traffic because regional tourism and expanded identity drive customer exploration and spending.