Jacksonville Regional Chamber Of Commerce Inc
- Assets
- $9.7m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Jacksonville, FL
- Founding
- 05/1940
- Data as of
- 12/2022
- EIN
- 59-0306160
Organization Overview
Jacksonville Regional Chamber Of Commerce Inc is located in Jacksonville, FL. The organization was established in 1940. 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 12/2022, Jacksonville Regional Chamber Of Commerce Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jacksonville Regional 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, Jacksonville Regional Chamber Of Commerce Inc generated $9.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $9.7m 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
THE MISSION OF THE ORGANIZATION IS TO DRIVE QUALITY ECONOMIC GROWTH IN NORTHEAST FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELP ATTRACT AND ESTABLISH NEW BUSINESSES TO THE AREA
SUPPORT THE GROWTH OF EXISTING AREA BUSINESSES.
IMPROVE QUALITY OF LIFE THROUGH RESPONSIBLE AND SUSTAINED LEADERSHIP ON COMMUNITY AND REGIONAL ISSUES RELEVENT TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Allen At Large | OfficerTrustee | 1 | $0 |
John Avendano At Large | Trustee | 1 | $0 |
Ken Babby At Large | Trustee | 1 | $0 |
Vickie Behan At Large | Trustee | 1 | $0 |
Mark Bennett Treasurer | OfficerTrustee | 1 | $0 |
Jack Boyle At Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Auld & White Construction | 12/30/22 | $708,692 |
Development Counseollors Marketing | 12/30/22 | $288,561 |
Florida Blue Health Insurance Premiums | 12/30/22 | $352,301 |
High Reason Marketing | 12/30/22 | $315,113 |
Tip Strategies Strategic Planning | 12/30/22 | $266,232 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,662,783 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,864,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,527,246 |
| Total Program Service Revenue | $1,597,793 |
| Investment income | $54 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,834 |
| 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 | $9,140,927 |
| 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. | $838,014 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,621,846 |
| Pension plan accruals and contributions | $133,796 |
| Other employee benefits | $359,701 |
| Payroll taxes | $303,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,723 |
| Advertising and promotion | $1,250,539 |
| Office expenses | $690,849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $241,626 |
| Travel | $278,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,043,134 |
| Interest | $30,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,950 |
| Insurance | $14,756 |
| All other expenses | $12,782 |
| Total functional expenses | $9,737,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,246,962 |
| Savings and temporary cash investments | $427,130 |
| Pledges and grants receivable | $930,153 |
| Accounts receivable, net | $721,447 |
| 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 | $31,096 |
| Net Land, buildings, and equipment | $4,688,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $703,608 |
| Total assets | $9,748,474 |
| Accounts payable and accrued expenses | $680,967 |
| Grants payable | $0 |
| Deferred revenue | $2,307,230 |
| 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 | $621,565 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $723,550 |
| Total liabilities | $4,333,312 |
| Net assets without donor restrictions | $4,917,787 |
| Net assets with donor restrictions | $497,375 |
| 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 | $9,748,474 |