Sarasota Chamber Of Commerce
- Assets
- $2.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Sarasota, FL
- Founding
- 12/1968
- Data as of
- 09/2022
- EIN
- 59-0435955
Organization Overview
Sarasota Chamber Of Commerce is located in Sarasota, FL. The organization was established in 1968. 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 09/2022, Sarasota Chamber Of Commerce employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarasota 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 09/2022, Sarasota Chamber Of Commerce generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER SARASOTA CHAMBER OF COMMERCE WORKS TO CULTIVATE SARASOTA'S PROSPERITY AND QUALITY OF LIFE THROUGH OUR MEMBER BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT ISSUES/WORKFORCE - VARIOUS TASK FORCES AND COMMITTEES STRIVE TO IMPROVE THE GENERAL BUSINESS CLIMATE BY COMMUNICATING NEEDS OF THE BUSINESS SECTOR. PROVIDNG WORKFORCE SOLUTIONS FOR COMMUNITY COMPANIES.
YPG YOUNG PROFESSIONALS GROUP THAT PROVIDES EDUCATIONAL, LEADERSHIP, RESOURCES AND NETWORKING TO THE UNDER 40 GROUP OF WORKING PROFESSIONALS IN THE REGION.
MEMBERSHIP SERVICES - ENSURES A CONTINUED STRONG MEMBERSHIP BASE TO ENABLE THE CHAMBER TO PURSUE ITS BUSINESS PLAN BY CONDUCTING ACTIVITIES AND BY PROVIDING BUSINESS INFORMATION TO MEMBERS, THUS BUILDING A STRONG DIVERSIFIED LOCAL ECONOMY.
LEADERSHIP SARASOTA COUNTY - OFFERS AN OPPORTUNITY FOR THOSE ENTHUSIASTIC ABOUT AND INTERESTED IN LEADERSHIP AND WELFARE OF OUR COMMUNITY TO GO BEHIND THE SCENES AND SEE "HOW THINGS WORK". THE CLASS ADOPTS A CLASS PROJECT LEAVING A LASTING IMPACT IN THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Murphy Chair | OfficerTrustee | 1 | $0 |
Andy Guz Director | Trustee | 1 | $0 |
John Lacivita Director | Trustee | 1 | $0 |
Kelley Lavin Director | Trustee | 1 | $0 |
Kim Livengood Director | Trustee | 1 | $0 |
Kirk Boylston Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,080 |
| 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 | $73,080 |
| Total Program Service Revenue | $1,140,754 |
| Investment income | $2,789 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,184 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $89,801 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,382,520 |
| 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. | $199,983 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $499,712 |
| Pension plan accruals and contributions | $23,088 |
| Other employee benefits | $48,146 |
| Payroll taxes | $56,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,875 |
| Advertising and promotion | $11,802 |
| Office expenses | $11,576 |
| Information technology | $17,395 |
| Royalties | $0 |
| Occupancy | $46,987 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,443 |
| Interest | $30,678 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,363 |
| Insurance | $26,009 |
| All other expenses | $131,613 |
| Total functional expenses | $1,386,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,582 |
| Savings and temporary cash investments | $849,108 |
| 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 | $27,256 |
| Net Land, buildings, and equipment | $957,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,277 |
| Total assets | $2,102,822 |
| Accounts payable and accrued expenses | $153,491 |
| Grants payable | $0 |
| Deferred revenue | $539,751 |
| 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 | $657,002 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,350,244 |
| Net assets without donor restrictions | $752,578 |
| 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 | $2,102,822 |