Florida Community Financial Services Association Inc
- Assets
- $114.6k
- Revenue
- $209.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 35-2467932
Organization Overview
Florida Community Financial Services Association Inc is located in Tallahassee, FL. The organization was established in 2014. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Community Financial Services Association 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, Florida Community Financial Services Association Inc generated $209.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $202.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
TO UNITE THOSE BUSINESSES LICENSED UNDER PARTS II, III, AND/OR IV OF CHAPTER 560, FLORIDA STATUTES, THAT ARE COMMITTED TO PROVIDING CONVENIENT AND ACCESSIBLE FINANCIAL SERVICES TO THE RESIDENTS OF THEIR LOCAL COMMUNITIES, AT NUMEROUS LOCATIONS AND ACROSS MULTIPLE FLORIDA COUNTIES, WHILE UPHOLDING THE HIGHEST STANDARDS OF PROFESSIONALISM AND INTEGRITY, WITH THE AIM OF FURTHERING, BY ALL PROPER AND LEGITIMATE MEANS, THE FOLLOWING OBJECTIVES: A.TO PROVIDE INFORMATION TO MEMBERS THAT WILL IMPROVE THEIR ABILITY TO OPERATE RESPONSIBLY;B.TO INCREASE PUBLIC RECOGNITION OF THE POSITIVE CONTRIBUTIONS OF THE INDUSTRY TO THE FLORIDA ECONOMY; C.TO REPRESENT THE INTERESTS OF ITS MEMBERS BEFORE THE FLORIDA LEGISLATURE AND FLORIDA REGULATORY AGENCIES; ANDD.TO FOSTER AND PROMOTE GOODWILL AMONG ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROMOTED LAWS, REGULATIONS AND INDUSTRY-WIDE BEST PRACTICES THAT PROTECT CONSUMERS WHILE ALLOWING FOR A COMPETITIVE MARKETPLACE TO EXIST.
WE SERVED AS A SOURCE OF INFORMATION FOR THE PRODUCTS AND SERVICES OUR MEMBERS OFFER, INCLUDING: SHORT-TERM SMALL-DOLLAR LOANS (ALSO COMMONLY REFERRED TO AS CASH ADVANCES, PAYDAY ADVANCES OR PAYDAY LOANS); CHECK CASHING; MONEY TRANSFER SERVICES, MONEY ORDERS, WALK-IN BILL PAYMENTS, AND PREPAID ACCESS CARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Mackechnie Director | Trustee | 0.5 | $0 |
Eric Norrington Vp, Secretary, Treasurer | OfficerTrustee | 1 | $0 |
Mark Mcnally Director | Trustee | 0.5 | $0 |
Jessica Rustin Director | Trustee | 0.5 | $0 |
Rob Grieser Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $209,300 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $622 |
| Fees for services: Lobbying | $185,968 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $0 |
| Office expenses | $581 |
| Information technology | $1,535 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $202,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $114,606 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $114,606 |
| Total liabilities and net assets/fund balances | $114,606 |
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