ITCR Membership Fee Structure

ANNUAL MEMBERSHIP YEAR            October 1 to September 30

INVOICING & PAYMENT

New Members

Renewing Members

• Membership applications are accepted at any time prior to or during the annual membership year.
• Payment is due within 90 days from date of application
• Membership Dues rate prorated monthly based on month joining for New Company Members only** 
• Non-Payment of membership dues within 90 days of membership application for New Members results in the revocation of membership status and benefits

• Invoices for Annual Membership Renewal Dues are issued in August
• Payment must be made by December 31 allowing for a 90-day grace period
• Non-Payment of membership dues by December 31 will results in the revocation of membership status and benefits
• Note: Should a member renew membership for the current program year after the 90 day grace period and was proven a beneficiary of services during grace period, renewal at the full annual membership fee is required

MEMBERSHIP TYPES & RATES

1) Standard Rate (Large Corporations)

$5,000

2) Minority or Woman Owned Business Enterprise (M/WBE) NYS or NYC Certified

• Must meet NYS or NYC MWBE Certification Criteria
• Within 90 days of application, must provide documentation of NYS or NYC MWBE certification

$3,000

NYS criteria for M/WBE Certification: http://esd.ny.gov/MWBE/Qualifications.html

• All firms seeking MBE, WBE or MWBE certification must be owned, operated and controlled by minority members and/or women
• Ownership must be real, substantial and continuing, and the minority members and/or women must exercise the authority to independently control the day-to-day business decisions
• Each minority or woman who has an ownership interest in the firm must have a net worth which does not exceed 3.5 million dollars. This calculation should not include the ownership interest in the applicant firm, the primary residence of the owner(s), and $500 thousand of present cash value of any qualified retirement savings plan, or individual retirement account held by the individual less any penalties for early withdrawal
• Firm cannot exceed 300 employees; must operate independently of other firms; and, in general must be in operation for at least one year

NYC Criteria for M/WBE Certification: https://www1.nyc.gov/nycbusiness/description/minority-and-womenowned-business-enterprise-certification-program-mwbe

• A Sole Proprietorship, General Partnership, Limited Partnership, Limited Liability Partnership, Limited Liability Company or Corporation. Not-for-Profits are ineligible
• Authorized to do business in New York State
• At least 51% owned, controlled and operated by US citizen(s) or permanent resident(s) who is/are member(s) of a designated minority group(s) including Black, Hispanic, Asian Pacific, and Asian-Indian OR a woman or women
• An eligible business also must have been selling products or services for a period of at least one year prior to the date of application
• An eligible business also must have a real and substantial presence in the geographic market of New York City, which includes the five boroughs of New York City and the following counties: Nassau, Putnam, Rockland, Suffolk, and Westchester in New York, and Bergen, Hudson, and Passaic in New Jersey. Businesses located outside of New York City must have a significant tie to the City’s business community (e.g. have derived 25% or more of gross receipts from business conducted in the City, possess a license issued by the City, etc.

3) Non-Profit Entities

• Proof of nonprofit status must be submitted by private nonprofit organizations within 90 days of submitting application. For discounts for Small or Start-Up Non-Profits, see below under Small Business or Start-Up designation

$3,000

Any of the following is acceptable evidence of nonprofit status; must provide 1:

• a reference to the applicant organization’s listing in the Internal Revenue Service’s (IRS) most recent list of tax-exempt organizations described in section 501(c)(3) of the IRS Code;
• a copy of a currently valid IRS tax exemption certificate;
• a statement from a State taxing body, State Attorney General, or other appropriate State Official certifying that the applicant organization has a nonprofit status and that none of the net earnings accrue to any private shareholders or individuals;
• a certified copy of the organization’s certificate of incorporation or similar document that clearly establishes nonprofit status;
• any of the above proof for a State or national parent organization and a statement signed by the parent organization that the applicant organization is a local nonprofit affiliate

4) Service-Disabled Veteran-Owned Business (SDVOB) NYS Certified

• Must meet NYS Service Disabled Veteran-Owned Business Certification Criteria
• Within 90 days of application, must provide documentation of SDVOB certification

$3,000

NYS Criteria for Service-Disabled Veteran-Owned Business NYS Certified: http://www.ogs.ny.gov/Core/SDVOBA.asp

• The business enterprise must be independently owned and operated and have a significant business presence in New York State;
• One or more service-disabled veterans with a service-connected disability rating of 10% or greater from the Department of Veterans Affairs (or from the NYS Division of Veterans Affairs for National Guard veterans) must own at least 51% of the business enterprise;
• Service-disabled veteran ownership must be real, substantial, and continuing;
• The service-disabled veteran ownership must have and exercise the independent authority to control the day-to-day business decisions of the business enterprise;
• The business enterprise must have no more than 300 employees and must have conducted business for, generally, at least one year prior to the application date

5) Small Business NYS Certified and Small Non-Profit Entities

• Must meet NYS Small Business Certification Criteria and if Non-Profit must also provide one of the forms of proof of status indicated above
• Within 90 days of application, must provide a letter on corporate letterhead, documenting how the corporation meets the Small Business Certification criteria, along with membership payment

$2,000

NYS criteria for Small Business Designation, as defined in NYS Economic Development Law Section 131:
1) Must be reside in New York State;
2) independently owned and operated;
3) Not dominant in its field; and,
4) Employs fewer than 100 persons

6) Start-Up Business Enterprise

• Must be incorporated for less than three years
• Must have fewer than 10 employees

$1,000
For the first ITCR program year

$2,000
Thereafter (elevated to Small Business Entity)