Florida Chamber Of Commerce
- Assets
- $15.9m
- Revenue
- $9.0m
- Investments
- $7.2m
- Employees
- 64
- Location
- Tallahassee, FL
- Founding
- 06/1942
- Data as of
- 10/2022
- EIN
- 59-0248200
Organization Overview
Florida Chamber Of Commerce is located in Tallahassee, FL. The organization was established in 1942. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 10/2022, Florida Chamber Of Commerce employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida 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 10/2022, Florida Chamber Of Commerce generated $9.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $7.6m during the year ending 10/2022. While expenses have increased by 3.0% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCING BUSINESS AS FLORIDA'S RESOURCE CENTER FOR LEADERSHIP, KNOWLEDGE, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
THE FLORIDA CHAMBER TRACKS EACH BILL IDENTIFIED BY OUR BOARD OF DIRECTORS IN THE ANNUAL FLORIDA JOBS AND COMPETITIVENESS AGENDA, AND GRADES LAWMAKERS ON THESE BILLS AT THE CONCLUSION OF THE LEGISLATIVE SESSION. THE FLORIDA CHAMBER'S LEGISLATIVE REPORT CARD IS AN ANNUAL OPPORTUNITY TO RECOGNIZE MEMBERS OF THE FLORIDA LEGISLATURE WHO PLACED MAKING FLORIDA MORE COMPETITIVE THROUGH PRIVATE-SECTOR JOB CREATION ABOVE SPECIAL INTERESTS. THE REPORT CARD ALSO LETS FLORIDA FAMILIES, LOCAL BUSINESSES, TAXPAYERS AND ALL FLORIDIANS KNOW WHO VOTED IN FAVOR OF PRIVATE SECTOR JOB CREATION AND A STRONGER ECONOMY.
THERE IS STRENGTH IN NUMBERS AND COLLECTIVE IMPACT CAN ONLY HAPPEN WHEN THE BUSINESS COMMUNITY UNITES. THE FLORIDA CHAMBER'S STATEWIDE GRASSROOTS NETWORK BRINGS TOGETHER BUSINESES, OF ALL SIZES, LOCAL CHAMBERS, ECONOMIC DEVELOPMENT COUNCILS, BUSINESS ASSOCIATIONS AND OTHER STAKEHOLDERS TO STAY INFORMED, ENGAGED AND TAKE ACTION ON IMPORTANT BUSINESS ISSUES ESSENTIAL TO SECURING FLORIDA'S FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chas Bailes Director | Trustee | 1 | $0 |
Mike Bjorklund Director | Trustee | 1 | $0 |
Cressman Bronson Director | Trustee | 1 | $0 |
Derrick Brooks Director | Trustee | 1 | $0 |
Charley Caulkins Director | Trustee | 1 | $0 |
Michael Cohen Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Novo Group Inc Recruiting Services | 10/30/21 | $179,880 |
Shutts & Bowen Legal Fees | 10/30/21 | $133,081 |
Aegis Business Technologies It Services & Equipment | 10/30/21 | $123,672 |
Cornerstone Solutions Florida Llc Consulting | 10/30/21 | $100,087 |
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 | $200,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,000 |
| Total Program Service Revenue | $7,534,009 |
| Investment income | $75,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,051 |
| Net Rental Income | $6,246 |
| Net Gain/Loss on Asset Sales | -$32,089 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,862 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,004,885 |
| 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. | $1,359,937 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,543,955 |
| Pension plan accruals and contributions | $309,276 |
| Other employee benefits | $108,499 |
| Payroll taxes | $222,921 |
| Fees for services: Management | $3,609 |
| Fees for services: Legal | $57,706 |
| Fees for services: Accounting | $38,231 |
| Fees for services: Lobbying | $341,050 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,216 |
| Fees for services: Other | $582,617 |
| Advertising and promotion | $43,225 |
| Office expenses | $227,980 |
| Information technology | $90,725 |
| Royalties | $0 |
| Occupancy | $135,770 |
| Travel | $124,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $818,656 |
| Interest | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,161 |
| Insurance | $50,068 |
| All other expenses | $67,750 |
| Total functional expenses | $7,585,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,084,342 |
| Savings and temporary cash investments | $974,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,767 |
| 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 | $178,593 |
| Net Land, buildings, and equipment | $1,403,854 |
| Investments—publicly traded securities | $1,829,527 |
| Investments—other securities | $7,225,570 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,756 |
| Total assets | $15,899,561 |
| Accounts payable and accrued expenses | $1,043,758 |
| Grants payable | $0 |
| Deferred revenue | $149,312 |
| 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 | $32,652 |
| Total liabilities | $1,225,722 |
| Net assets without donor restrictions | $13,817,740 |
| Net assets with donor restrictions | $856,099 |
| 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 | $15,899,561 |