Mount Dora Chamber Of Commerce
- Assets
- $479.4k
- Revenue
- $223.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Mount Dora, FL
- Founding
- 06/1971
- Data as of
- 12/2020
- EIN
- 59-0369669
Organization Overview
Mount Dora Chamber Of Commerce is located in Mount Dora, FL. The organization was established in 1971. 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 12/2020, Mount Dora Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Dora 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 12/2020, Mount Dora Chamber Of Commerce generated $223.0k 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 (4.4%) each year. All expenses for the organization totaled $166.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.4%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MOUNT DORA AREA CHAMBER OF COMMERCE IS TO "PROMOTE, SUPPORT & EMPOWER MEMBER SUCCESS".
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MOUNT DORA AREA CHAMBER OF COMMERCE IS A NON-PROFIT ORGANIZATION DEDICATED TO SUPPORTING AND PROMOTING THE INTERESTS OF THE BUSINESS COMMUNITY. THE CHAMBER IS REFERRED TO BY THOUSANDS OF RESIDENTS AND VISITORS WHEN SEARCHING FOR TRUSTED BUSINESSES, LOCAL HAPPENINGS AND COMMUNITY INFORMATION. ALSO BEING THE VISITOR CENTER, TOURISTS MAKE OUR CHAMBER THEIR FIRST STOP TO OBTAIN MAPS, PARTNER BROCHURES, RESTAURANT AND LODGING LISTINGS, PURCHASE TICKETS AND PLAN ITINERARIES FOR THEIR VISITS. BUSINESSES INVEST IN THEIR SUCCESS BY INVESTING IN THE CHAMBER. IN RETURN, THEY RECEIVE THE MANY BENEFITS OF MEMBERSHIP. WE ENCOURAGE MEMBERS TO TAKE ADVANTAGE OF THE MANY PROGRAMS, EVENTS AND EXCLUSIVE ADVERTISING OPPORTUNITIES WE OFFER. ACTIVELY PARTICIPATING IS VITAL TO DEVELOPING RELATIONSHIPS AND BUILDING YOUR BUSINESS!
SINCE THE 46TH MOUNT DORA BICYCLE FESTIVAL WAS CANCELED, THE MOUNT DORA AREA CHAMBER OF COMMERCE, THE CITY OF MOUNT DORA, AND THE BUSINESSES STILL WANTED A WAY TO CELEBRATE CYCLING AND ALL IT MEANS TO OUR COMMUNITY. ON SEPTEMBER 10TH, 2020, THE CITY OF MOUNT DORA PROCLAIMED THE MONTH OF OCTOBER WOULD BE FOREVER KNOWN AS "RIDE MOUNT DORA - CYCLETOBER". AS PART OF "RIDE MOUNT DORA - CYCLETOBER", YOU CAN PARTICIPATE IN MANY WAYS: MDBF CHALLENGE - ANY LEVEL OF CYCLIST - NOVICE TO A-LEVEL, LOCAL OR REMOTE, CAN JOIN CYCLETOBER RAFFLE - ENTER INTO OUR RAFFLE TO WIN AMAZING PRIZES, LIKE A 2019 SCOTT ADDICT 30 DISC BIKE CYCLETOBER SCAVENGER HUNT - VISIT MANY OF THE AWESOME MOUNT DORA BUSINESSES AND SHARE YOUR VISITS ON FACEBOOK OR INSTAGRAM AND WIN FUND PRIZES. OPEN TO CYCLISTS AND NON-CYCLISTS.
STROLL THROUGH DOWNTOWN HISTORIC MOUNT DORA FOR THEIR 28TH ANNUAL CHRISTMAS WALK WITH MORE THAN 2 MILLION SPARKLING LIGHTS TO REALLY GET YOU IN THE SPIRIT OF CHRISTMAS! THIS FAMILY FRIENDLY EVENT WITH LIVE MUSIC, ENTERTAINERS, FOOD VENDORS AND STORES WHICH WILL STAY OPEN LATE. MARVEL AT THE BEAUTY AS YOU WALK BENEATH SPARKLING LIGHTS IN THE TREES, BUILDINGS AND BEAUTIFUL VICTORIAN-ERA DONNELLY HOUSE. ENJOY THE SOUNDS OF THE SEASON WITH THE MOUNT DORA HIGH SCHOOL JAZZ BAND PERFORMING AS WELL AS STROLLING CHRISTMAS CAROLERS WHICH HARKEN BACK TO A BYGONE ERA. ENJOY A DELICIOUS SIT DOWN MEAL OR SAMPLE FROM FOOD TRUCKS WITH MORE TIME FOR STROLLING AND SHOPPING!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy S O'ryan Executive Director | Officer | 50 | $58,392 |
Michele Giancola Director Of Program Development | Officer | 35 | $30,031 |
Kim Y Stewart Director At Large | OfficerTrustee | 5 | $853 |
Joshua Jungferman Vice Chairman | OfficerTrustee | 5 | $0 |
Dr James Moore Director At Large | OfficerTrustee | 5 | $0 |
Susan Gieger Treasurer | OfficerTrustee | 5 | $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 | $37,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,500 |
| Total Program Service Revenue | $148,216 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,130 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,068 |
| Net Income from Gaming Activities | $11,268 |
| Net Income from Sales of Inventory | $385 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,022 |
| 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. | $58,392 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,824 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $746 |
| Payroll taxes | $7,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $215 |
| Fees for services: Accounting | $2,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131 |
| Advertising and promotion | $2,320 |
| Office expenses | $8,388 |
| Information technology | $3,678 |
| Royalties | $0 |
| Occupancy | $14,964 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $249 |
| Interest | $5,062 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,607 |
| Insurance | $8,320 |
| All other expenses | $1,979 |
| Total functional expenses | $166,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,502 |
| Savings and temporary cash investments | $28,004 |
| 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 | $8,124 |
| Net Land, buildings, and equipment | $413,785 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $479,415 |
| Accounts payable and accrued expenses | $2,534 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $71,305 |
| Other liabilities | $0 |
| Total liabilities | $73,839 |
| Net assets without donor restrictions | $0 |
| 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 | $405,576 |
| Total liabilities and net assets/fund balances | $479,415 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mount Dora Chamber Of Commerce has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Mount Dora Community Trust Mount Dora, FL PURPOSE: RESTORATION OF TRAIN DEPOT | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Institute Of Internal Auditors Lake Mary, FL | $101,351,692 | $59,361,984 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |
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 |