Mount Dora Chamber Of Commerce
- Assets
- $479.2k
- Revenue
- $228.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Mount Dora, FL
- Founding
- 06/1971
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Mount Dora Chamber Of Commerce generated $228.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $192.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 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
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, MEMBER 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!
THE ANNUAL BICYCLE FESTIVAL ATTRACTS OVER 1,000 CYCLISTS EACH YEAR AND IS FLORIDA'S OLDEST AND LARGEST BICYCLING EVENT. WITH RIDES OF VARYING LENGTH AND SKILL LEVELS, CYCLISTS OF ALL AGES COME AND SEE WHY LAKE COUNTY IS RECOGNIZED AS ONE OF THE BEST PLACES IN THE WORLD TO RIDE. THE EVENT NOT ONLY PROMOTES THE CITY OF MOUNT DORA BUT IT ALSO ENCOURAGES COMMUNITY INTERACTION.
THE MOUNT DORA TASTE & CRAFT BEER FESTIVAL FEATURES LOCAL RESTAURANTS SAMPLING THEIR FABULOUS CUISINE, AS WELL AS, MULTIPLE SAMPLES FROM SOME OF THE MOST INNOVATIVE CRAFT BEERS FROM CENTRAL FLORIDA BREWERIES. IN ADDITION, SAMPLES OF DELICIOUS WINES AND FINE BOURBON WILL BE AVAILABLE. IT'S SO MUCH MORE THAN CHEESE AND CRACKERS. SAMPLE FOODS FROM THE AREA'S FINEST RESTAURANTS RANGING FROM APPETIZERS TO DESSETS. LOCAL CHEFS PULL OUT ALL THE STOPS, GET READY TO FIND YOUR NEXT FAVORITE EATERY IN MOUNT DORA. "BEST OF" TROPHIES WILL BE AWARDED BASED ON ATTENDEES VOTES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr James Moore Director At Large | OfficerTrustee | 5 | $0 |
Joshua Jungferman Vice Chairman | OfficerTrustee | 5 | $0 |
Amanda Kelley Director | Trustee | 2 | $0 |
Mike Welter Director | Trustee | 2 | $0 |
Akhtar Hussain Director | Trustee | 2 | $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 | $49,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,272 |
| Total Program Service Revenue | $140,863 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,555 |
| Net Gain/Loss on Asset Sales | -$839 |
| Net Income from Fundraising Events | $4,364 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$125 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,220 |
| 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. | $70,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,590 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,368 |
| Payroll taxes | $9,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,335 |
| Fees for services: Accounting | $1,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,112 |
| Advertising and promotion | $2,644 |
| Office expenses | $8,615 |
| Information technology | $3,588 |
| Royalties | $0 |
| Occupancy | $14,076 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,541 |
| Interest | $3,346 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,581 |
| Insurance | $9,352 |
| All other expenses | $0 |
| Total functional expenses | $192,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,326 |
| Savings and temporary cash investments | $28,018 |
| 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 | $1,500 |
| Net Land, buildings, and equipment | $398,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $479,209 |
| Accounts payable and accrued expenses | $2,436 |
| 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 | $41,459 |
| Other liabilities | $0 |
| Total liabilities | $43,895 |
| 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 | $435,314 |
| Total liabilities and net assets/fund balances | $479,209 |