Lakewood Ranch Business Alliance Inc
- Assets
- $595.1k
- Revenue
- $596.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Lakewood Ranch, FL
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 20-2718333
Organization Overview
Lakewood Ranch Business Alliance Inc is located in Lakewood Ranch, FL. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Lakewood Ranch Business Alliance Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Ranch Business Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Lakewood Ranch Business Alliance Inc generated $596.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $568.3k during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LAKEWOOD RANCH BUSINESS ALLIANCE'S MISSION IS TO CONNECT, EDUCATE, AND STRENGTHEN THE BUSINESS COMMUNITY IN THE LAKEWOOD RANCH REGION. THIS MISSION IS ACCOMPLISHED THROUGH A POWERFUL PARTNERSHIP WITH THE LOCAL BUSINESSES, SERVICE, AND COMMUNITY ORGANIZATIONS ALONG WITH THE COLLABORATION OF CITY AND GOVERNMENTAL INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTHLY MEMBERSHIP LUNCHEONS - PRESENTS LOCAL SPEAKERS TO OUR MEMBERSHIP, TO EDUCATE THEM ON CURRENT TOPICS AFFECTING THE AREA. THE MEETINGS ARE TYPICALLY HELD ON THE THIRD/FOURTH WEDNESDAY OF EVERY MONTH. THE LUNCHEONS OFFER NETWORKING FROM 11:30 A.M. UNTIL NOON, WITH THE LUNCHEON RUNNING FROM NOON UNTIL 1 P.M. SPEAKERS OR PANEL DISCUSSIONS ARE PRESENTED TO HELP EDUCATE THE MEMBERS ON A VARIETY OF TOPICS.
EXECUTIVE BRIEFINGS - THEY ARE EDUCATIONAL PROGRAMS DESIGNED TO EDUCATE AND ASSIST OUR MEMBERS ON TOPICS SUCH AS HUMAN RESOURCE ISSUES, IMPROVING CUSTOMER SERVICE, MARKETING TRENDS, CUTTING EXPENSES, ETC. THEY ARE PRESENTED ONCE A MONTH FOR AN HOUR AND A HALF AND ARE HELD AT VARIOUS LOCATIONS. THE FEE IS $10.00 FOR MEMBERS AND $25.00 FOR NON-MEMBERS. THERE IS MINIMAL COST TO THE ALLIANCE BECAUSE THE FACILITIES AND MOST REFRESHMENTS ARE DONATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dominic Dimaio Ceo/president Thru Aug 2021 | Officer | 40 | $101,729 |
Brittany Lamont Ceo/president Eff.nov 2021 | Officer | 40 | $19,885 |
Amanda Parrish Chair Of The Board | OfficerTrustee | 8 | $0 |
Erik Hanson Chair-Elect | OfficerTrustee | 8 | $0 |
Allison Imre Deputy Chair | OfficerTrustee | 8 | $0 |
Shawna Hicks-Cranston Secretary | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,711 |
| Total Program Service Revenue | $411,220 |
| Investment income | $1,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $70,387 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $596,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,746 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,622 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,618 |
| Pension plan accruals and contributions | $5,654 |
| Other employee benefits | $18,727 |
| Payroll taxes | $24,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,311 |
| Office expenses | $32,992 |
| Information technology | $3,716 |
| Royalties | $0 |
| Occupancy | $64,933 |
| Travel | $2,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,073 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,875 |
| Insurance | $4,629 |
| All other expenses | $0 |
| Total functional expenses | $568,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,684 |
| Savings and temporary cash investments | $206,094 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,075 |
| Net Land, buildings, and equipment | $7,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $595,119 |
| Accounts payable and accrued expenses | $30,235 |
| Grants payable | $0 |
| Deferred revenue | $167,421 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $70,637 |
| Other liabilities | $6,977 |
| Total liabilities | $275,270 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $319,849 |
| Total liabilities and net assets/fund balances | $595,119 |
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