Greater Fort Lauderdale Chamber Of Commerce Inc
- Assets
- $2.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Fort Lauderdale, FL
- Founding
- 03/1956
- Data as of
- 12/2022
- EIN
- 59-0250255
Organization Overview
Greater Fort Lauderdale Chamber Of Commerce Inc is located in Fort Lauderdale, FL. The organization was established in 1956. 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 12/2022, Greater Fort Lauderdale Chamber Of Commerce Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Fort Lauderdale Chamber Of Commerce 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 12/2022, Greater Fort Lauderdale Chamber Of Commerce Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
FOUNDED IN 1910, THE GREATER FORT LAUDERDALE CHAMBER OF COMMERCE IS THE OLDEST AND LARGEST BUSINESS ORGANIZATION IN BROWARD COUNTY AND IT IS APPARENT THAT THROUGHOUT OUR HISTORY WE HAVE TRANSITIONED TO BETTER SERVE THE BUSINESS COMMUNITY.IN ADDITION TO BEING THE #1 GO TO SOURCE FOR THE BUSINESS COMMUNITY,THE CHAMBER OFFERS UNIQUE OPPORTUNITIES FOR ITS MEMBERS THROUGH SPECIAL EVENTS, REGIONAL AND INTERNATIONAL BUSINESS DEVELOPMENT, COMMUNITY FORUM PROGRAMS, LEADS GROUPS, NETWORKING FUNCTIONS, LEADERSHIP PROGRAMS, TRUSTEE RECEPTIONS, BUSINESS AFTER HOURS, AREA COUNCIL FUNCTIONS AS WELL AS GENERAL MEMBERSHIP PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER PRODUCES OF 175 EVENTS ATTRACTING OVER 12,000 PARTICIPANTS ANNUALLY RELATING TO ECONOMIC RETENTION AND EXPANSION, PUBULIC POLICY, NON-PROFIT SOLIDARITY, TOURISM INTERNATIONAL MARINE AND A HOST OF OTHER FUNCTIONS. AS A FULL-SERVICE CHAMBER, IT PROVIDES BUSINESS OWNERS WITH UNIQUE OPPORTUNITIES TO EXPAND THEIR BUSINESS.
PERSPECTIVE ON FLORIDA'S HEALTHCARE - EXCELLENCE IN HEALTHCARE AWARDS - WITH THE COLLABORATION OF SUNSHINE HEALTH,MEMORIAL HEALTHCARE SYSTEM, BAPTIST - HEALTHCARE SOUTH FLORIDA, BROWARD HEALTH, HOLY CROSS HOSPITAL, VITAS HEALTHCARE CORPORATION OF FLORIDA, SYLVESTER/UHEALTH, UNIVERSITY OF MIAMI AND MANY OTHERS, THE CHAMBER HELD PANEL DISCUSSIONS FOCUSED ON OVERCOMING MENTAL ILLNESS STIGMAS IN THE WORKPLACE, OPPORTUNITIES AND CHALLENGES FOR QUALITY HEALTHCARE IMPROVEMENT THROUGH THE MANAGED CARE SYSTEM. THE CHANGING HEALTHCARE DELIVERY SYSTEM, LED BY C-SUITE EXECUTIVES, DISCUSSED CONCEPTS SURROUNDING HEALTHCARE CONSUMERISM, POPULATIONS HEALTH, REVENUE CHALLENGES, GROWTH IN HEALTHCARE TECHNOLOGY AND FUTURE WORKFORCE CHALLENGES. FINALLY PANELISTS INTERACTED WITH PARTICPANTS ABOUT METHODOLOGIES AND INNOVATIONS THAT LOWER COSTS AND GIVES EMPLOYERS A COMPETITIVE EDGE THROUGH FAVORABLE HEALTHCARE BENEFIT DESIGN.
SMALL BUSINESS AWARDS - THIS PROGRAM ALLOWED SMALL BUSINESS OWNERS TO HAVE THE COMMUNITY AND CLIENTS NOMINATE THEM. OUR MISSION STATEMENT FOR SBA - TO BE THE COLLECTIVE RESOURCE WITHIN THE COMMUNITY BY PROVIDING ADVOCACY, OPPORTUNITY, EXPOSURE AND EDUCATION TO SMALL BUSINESSES WITHIN BROWARD COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Lindblade President & CEO | Officer | 60 | $188,931 |
Jenny DE Borja Business Developme | 40 | $106,126 | |
Denise Jordan Executive VP | 40 | $96,630 | |
Carolyn Michaels Ex-Executive VP | Officer | 40 | $65,451 |
Adam Spiegel Director | Trustee | 2 | $0 |
Alec Bogdanoff Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $744,579 |
| 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 | $744,579 |
| Total Program Service Revenue | $778,234 |
| Investment income | $19,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,907 |
| Net Gain/Loss on Asset Sales | -$11,632 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,535,050 |
| 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. | $382,266 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,191 |
| Pension plan accruals and contributions | $7,987 |
| Other employee benefits | $77,427 |
| Payroll taxes | $53,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,971 |
| Office expenses | $19,416 |
| Information technology | $51,221 |
| Royalties | $0 |
| Occupancy | $31,116 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,545 |
| Interest | $138 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,972 |
| Insurance | $25,575 |
| All other expenses | $64,820 |
| Total functional expenses | $1,611,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,045 |
| Savings and temporary cash investments | $335,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,928 |
| 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 | $75,136 |
| Net Land, buildings, and equipment | $379,568 |
| Investments—publicly traded securities | $789,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,037,810 |
| Accounts payable and accrued expenses | $136,997 |
| Grants payable | $0 |
| Deferred revenue | $401,912 |
| 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 | $538,909 |
| Net assets without donor restrictions | $1,476,581 |
| Net assets with donor restrictions | $22,320 |
| 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 | $2,037,810 |