Chamber Of Commerce Miami Beach
- Assets
- $1.7m
- Revenue
- $940.4k
- Investments
- $0.0
- Employees
- 11
- Location
- Miami Beach, FL
- Founding
- 07/1942
- Data as of
- 09/2021
- EIN
- 59-0358295
Organization Overview
Chamber Of Commerce Miami Beach is located in Miami Beach, FL. The organization was established in 1942. 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 09/2021, Chamber Of Commerce Miami Beach employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce Miami Beach 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 09/2021, Chamber Of Commerce Miami Beach generated $940.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUARTERLY PILLAR BREAKFAST: EACH QUARTER THE CHAMBER HOSTS A MAJOR PUBLIC POLICY CONFERENCE COMPRISING MANY OF THE MOST INFLUENTIAL BUSINESS LEADERS IN THE COMMUNITY. A GUEST SPEAKER WILL USUALLY GIVE INSIGHTS AND PROVIDES CONTEXT FOR ISSUES AFFECTING LOCAL BUSINESSES. THIS BREAKFAST IS USUALLY ATTENDED BY SOME ONE HUNDRED AND FIFTY BUSINESS LEADERS INCLUDING COUNCIL MEMBERS OF THE CITY OF MIAMI BEACH.
CHAMPIONS OF BUSINESS: THIS EVENT IS HELD BI-ANNUALLY AND TAKES PLACE IN THE FORM OF A DISCUSSION PANEL OF BUSINESS AND COMMUNITY LEADERS. THE EVENT BOASTS AN ATTENDANCE OF SOME THREE HUNDRED AND EIGHTY PERSONS AND INCLUDES VARIOUS DISCUSSIONS ON ISSUES AFFECTING THE BUSINESS COMMUNITY.
VISIT MIAMI BEACH: THIS IS A VISITOR INFORMATION CENTER. IT IS OPEN FIVE DAYS PER WEEK AND IS USUALLY STAFFED BY ONE EMPLOYEE OF THE CHAMBER. THE CENTER SERVES CONVENTIONEERS AND OTHER VISITORS ANNUALLY AND PROVIDES INFORMATION AND ASSISTANCE ON LOCAL SOCIAL AND ECONOMIC ACTIVITIES AVAILABLE IN MIAMI BEACH AND NEIGHBORING COMMUNITIES. THE ONLINE COMPONENT OF THE SERVICES PROVIDED BY THE CENTER MAY BE FOUND AT WWW.MIAMIBEACHGUEST.COM WHICH ALSO SERVES AS THE OFFICIAL VISITOR'S WEBSITE FOR THE CITY OF MIAMI BEACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome E Libbin President/ceo | Officer | 50 | $305,743 |
Enid Rodriguez Vice President | Officer | 50 | $101,897 |
Robin Jacobs Board Chair | OfficerTrustee | 1 | $0 |
Steven Kreinik Treasurer | OfficerTrustee | 1 | $0 |
George Anderson Board Member | Trustee | 1 | $0 |
Arturo Arca Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $255,508 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $298,408 |
| Total Program Service Revenue | $513,097 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $128,903 |
| 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 | $940,423 |
| 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. | $415,795 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,311 |
| Pension plan accruals and contributions | $3,985 |
| Other employee benefits | $26,681 |
| Payroll taxes | $45,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,312 |
| Advertising and promotion | $19,739 |
| Office expenses | $33,464 |
| Information technology | $8,201 |
| Royalties | $0 |
| Occupancy | $45,795 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,742 |
| Insurance | $33,576 |
| All other expenses | $10,038 |
| Total functional expenses | $1,060,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675,295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,822 |
| 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 | $27,475 |
| Net Land, buildings, and equipment | $904,920 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,651,512 |
| Accounts payable and accrued expenses | $43,077 |
| Grants payable | $0 |
| Deferred revenue | $342,658 |
| 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 | $351,615 |
| Unsecured mortgages and notes payable | $109,635 |
| Other liabilities | $268,282 |
| Total liabilities | $1,115,267 |
| Net assets without donor restrictions | $536,245 |
| 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 | $1,651,512 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |
Panama City Beach Convention And Vistors Bureau Inc Panama City Beach, FL | $6,910,172 | $13,906,597 |
Florida Reliability Coordinating Council Tampa, FL | $10,138,227 | $13,874,923 |
Midtown Business Association Inc Atlanta, GA | $4,952,556 | $10,845,776 |
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
Visit Pensacola Inc Pensacola, FL | $2,535,965 | $7,930,486 |
Allinial Global Lawrenceville, GA | $3,508,006 | $7,173,344 |
The Florida Restaurant & Lodging Association Inc Tallahassee, FL | $14,927,226 | $6,472,755 |