Deland Area Chamber Of Commerce
- Assets
- $561.0k
- Revenue
- $338.4k
- Investments
- $480.5k
- Employees
- 7
- Location
- Deland, FL
- Founding
- 01/1945
- Data as of
- 12/2023
- EIN
- 59-0217110
Organization Overview
Deland Area Chamber Of Commerce is located in Deland, FL. The organization was established in 1945. 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 12/2023, Deland Area Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deland Area Chamber Of Commerce 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 12/2023, Deland Area Chamber Of Commerce generated $338.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $349.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SERVES AS AN ADVOCATE FOR MEMBERSHIP BY ASSISTING COMMUNITY BUSINESSES TO IDENTIFY AND RESPOND TO CHALLENGES, CREATING NETWORK OPPORTUNITIES, PROVIDING EDUCATION AND DELIBERATION AND DEVELOPMENT OF COMMUNITY & BUSINESS LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES: THE CHAMBER IDENTIFIES IMPORTANT ISSUES THAT AFFECT THE BUSINESS COMMUNITY AND IMPLEMENTS PROGRAMS TO ADDRESS THOSE NEEDS. THE ORGANIZATION ALSO PROVIDES NETWORKING OPPORTUNITIES FOR ITS MEMBERS AND DEVELOPS PROGRAMS TO REACH OUT TO UNDER-SERVED AREAS OF THE BUSINESS COMMUNITY. APPROX 525 MEMBERS
CIVIC LEADERSHIP: THE ORGANIZATION'S GOAL IS TO PROVIDE LEADERSHIP TO THE BUSINESS COMMUNITY. IN WORKING TOWARDS THIS COMMITTMENT, THE ORGANIZATION DEVELOPS STRATEGIC REGIONAL PARTNERSHIPS AND INITIATIVES TO ADVANCE THE INTERESTS OF ITS MEMBERS AND SECURE BENEFITS FROM THE REGIONAL COMMUNITY. THE ORGANIZATION CONTINUES TO HOST A SERIES OF FORUMS IN ADDITION TO THE LEADERSHIP RECEPTION. AS AN ADDED BENEFIT TO ITS MEMBERS AND THE GENERAL PUBLIC, THE ORGANIZATION ARRANGED A SERIES FOCUSED ON ECONOMIC DEVELOPMENT WITH DISTINGUISHED SPEAKERS.
EDUCATION AND COMMUNITY OUTREACH: PROGRAMS AND PARTNERSHIPS HAVE BEEN DEVELOPED TO IMPROVE THE OVERALL QUALITY OF THE EDUCATIONAL SYSTEMS. THE ORGANIZATION HAS CONTINUED THE SCHOOL OF GOVERNMENT PROGRAMS. IT ALSO CONTINUES TO HOST LEADERSHIP WEST VOLUSIA, WHICH IS DONE IN PARTNERSHIP WITH STETSON UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Libby Molesky President | OfficerTrustee | 4 | $0 |
Matthew Maniscalco Pres -Elect | OfficerTrustee | 4 | $0 |
Matthew Brown Treasurer | OfficerTrustee | 4 | $0 |
Donna White Secretary | OfficerTrustee | 4 | $0 |
Adam Samei Vice President | OfficerTrustee | 4 | $0 |
Waylan Niece Vice President | OfficerTrustee | 4 | $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 | $324,465 |
| Investment income | $16,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,747 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,374 |
| 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 | $189,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,696 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,625 |
| Information technology | $9,948 |
| Royalties | $0 |
| Occupancy | $15,195 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,675 |
| All other expenses | $1,381 |
| Total functional expenses | $349,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,567 |
| Savings and temporary cash investments | $0 |
| 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 | $2,938 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $480,479 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $560,984 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $44,917 |
| 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 | $44,917 |
| Net assets without donor restrictions | $491,005 |
| Net assets with donor restrictions | $25,062 |
| 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 | $560,984 |