Sarasota Chamber Of Commerce
- Assets
- $2.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 14
- Location
- Sarasota, FL
- Founding
- 12/1968
- Data as of
- 09/2021
- 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 09/2021, Sarasota Chamber Of Commerce employed 14 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 09/2021, Sarasota Chamber Of Commerce generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) 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
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.
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.
YPG YOUNG PROFESSIONALS GROUP THAT PROVIDES EDUCATIONAL, LEADERSHIP, RESOURCES AND NETWORKING TO THE UNDER 40 GROUP OF WORKING PROFESSIONALS IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Kasten President/ceo | Officer | 40 | $171,320 |
Mireya Eavey Vice President | Officer | 40 | $140,935 |
John Stump Treasurer | OfficerTrustee | 1 | $0 |
Dr Larry R Thompson Chair | OfficerTrustee | 1 | $0 |
Matt Brockway Director | Trustee | 1 | $0 |
Jennifer Grondahl Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $180,357 |
| Related organizations | $0 |
| Government grants | $321,838 |
| 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 | $502,195 |
| Total Program Service Revenue | $1,014,522 |
| Investment income | $1,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,184 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$47,295 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,576,448 |
| 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. | $312,255 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $293,174 |
| Pension plan accruals and contributions | $19,100 |
| Other employee benefits | $58,377 |
| Payroll taxes | $40,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,835 |
| Advertising and promotion | $25,696 |
| Office expenses | $13,288 |
| Information technology | $26,144 |
| Royalties | $0 |
| Occupancy | $56,516 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,426 |
| Interest | $34,292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,489 |
| Insurance | $23,564 |
| All other expenses | $90,656 |
| Total functional expenses | $1,196,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,754 |
| Savings and temporary cash investments | $885,237 |
| 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 | $45,370 |
| Net Land, buildings, and equipment | $938,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,297 |
| Total assets | $2,086,065 |
| Accounts payable and accrued expenses | $153,324 |
| Grants payable | $0 |
| Deferred revenue | $495,631 |
| 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 | $680,624 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,329,579 |
| Net assets without donor restrictions | $756,486 |
| 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 | $2,086,065 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sarasota Chamber Of Commerce has recieved totaling $210,675.
| Awarding Organization | Amount |
|---|---|
Charles And Margery Barancik Foundation Sarasota, FL PURPOSE: EDUCATION | $150,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: CIVIC | $10,675 |
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 |