Frostproof Chamber Foundation Inc
- Assets
- $554.6k
- Revenue
- $37.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Frostproof, FL
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 51-0599864
Organization Overview
Frostproof Chamber Foundation Inc, operating under the name Ramon Theater, is located in Frostproof, FL. The organization was established in 2007. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Ramon Theater employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ramon Theater is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ramon Theater generated $37.8k 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 (13.3%) each year. All expenses for the organization totaled $84.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) 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
THE MISSION OF THE FOUNDATION IS TO RENOVATE AND OPERATE THE HISTORICAL RAMON THEATER IN FROSTPROOF FOR THE USE AS A CIVIC CENTER FOR THE AREA AND TO PROVIDE CULTURAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC SERIES FOR THE RESIDENTS OF THE FROSTPROOF COMMUNITY. PROVIDED A WIDE RANGE OF MUSIC TO PROVIDE CULTURAL AND ENTERTAINMENT. MUSIC SERIES ATTENDED BY MORE THAN 1000 PEOPLE FROM THE LOCAL AREA. SERIES CONSISTED OF 7 MUSICAL EVENTS FOR 2021 WITH GROWTH EXPECTED FOR THE FUTURE. COVID 19 FORCED CANCELLATION OF SEVERAL EVENTS.
MYSTERY DINNERS FOR THE ENTERTAINMENT AND COMMUNITY WORKING TOGETHER FOR A COMMON PURPOSE.
ALL OTHER PROGRAMS AND RELATED EXPENSES INCLUDING PERSONNEL COST FOR ALL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Alley Director | OfficerTrustee | 5 | $0 |
Eric Hill Director | OfficerTrustee | 5 | $0 |
Missy Hadden Director | Trustee | 2 | $0 |
Rick Fife Director | Trustee | 2 | $0 |
Lynd Harper Director | Trustee | 2 | $0 |
Jennifer Lewiss Gravell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,696 |
| Fundraising events | $11,591 |
| Related organizations | $0 |
| Government grants | $6,676 |
| 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 | $20,963 |
| Total Program Service Revenue | $0 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,662 |
| 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 | $37,847 |
| 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 | $12,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,922 |
| Office expenses | $12,949 |
| Information technology | $199 |
| Royalties | $0 |
| Occupancy | $10,400 |
| Travel | $0 |
| 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 | $21,795 |
| Insurance | $5,936 |
| All other expenses | $0 |
| Total functional expenses | $83,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,199 |
| Savings and temporary cash investments | $38,222 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75 |
| 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 | $904 |
| Net Land, buildings, and equipment | $512,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $554,643 |
| Accounts payable and accrued expenses | $226 |
| Grants payable | $0 |
| Deferred revenue | $3,070 |
| 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 | $24,500 |
| Other liabilities | $0 |
| Total liabilities | $27,796 |
| Net assets without donor restrictions | $526,847 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $554,643 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Frostproof Chamber Foundation Inc has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Economic Opportunities Council Of Indian River County Inc Vero Beach, FL | $1,869,765 | $6,434,584 |
Grand Avenue Economic Community Development Corp Orlando, FL | $15,324,319 | $6,865,821 |
University Area Community Development Corporation Inc Tampa, FL | $12,749,613 | $5,875,333 |
Fcs Urban Ministries Inc Atlanta, GA | $14,341,492 | $9,768,608 |
Pinellas Opportunity Council Inc Saint Petersburg, FL | $578,079 | $5,188,164 |
Florida Police Benevolent Association Inc Doral, FL | $8,588,040 | $5,522,405 |
St Johns County Vistors And Conventions Bureau Inc Saint Augustine, FL | $560,648 | $4,879,168 |
Guardianship Program Of Dade County Inc Miami, FL | $6,239,142 | $6,337,030 |
Community Action Agency Talladega Clay Randolph Calhoun & Cleburne Talladega, AL | $1,431,031 | $4,342,030 |
Gadsden Progress Council Gadsden, AL | $1,027,271 | $4,174,872 |
Corporation To Develop Communities Of Tampa Inc Tampa, FL | $16,082,623 | $4,993,139 |