Greater Sebring Chamber Of Commerce Inc
- Assets
- $903.9k
- Revenue
- $353.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Sebring, FL
- Founding
- 04/1975
- Data as of
- 12/2023
- EIN
- 59-0532480
Organization Overview
Greater Sebring Chamber Of Commerce Inc is located in Sebring, FL. The organization was established in 1975. 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 12/2023, Greater Sebring Chamber Of Commerce Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Sebring Chamber Of Commerce Inc 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 12/2023, Greater Sebring Chamber Of Commerce Inc generated $353.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $385.6k during the year ending 12/2023. While expenses have increased by 12.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE ECONOMIC, EDUCATIONAL, GOVERNMENTAL AND NETWORKING INTEREST OF OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BY HOSTING MONTHLY MEMBERSHIP LUNCHEONS, MIXERS, STUDENTS OF THE MONTH AWARD CEREMONIES, RIBBON CUTTINGS, GROUND BREAKINGS AS WELL AS SPONSORS OF LEADERSHIP HIGHLANDS, JUNIOR ACHIEVEMENT, TAKE STOCK IN CHILDREN AND THE BOARD OF THE CHILDREN'S SERVICES COUNCIL, WE SERVE MANY OF THE EDUCATIONAL INTERESTS IN OUR COUNTY. THE ABOVE MENTIONED ACTIVITIES ARE ALSO AN EXCELLENT WAY FOR THE BUSINESS COMMUNITY TO COME TOGETHER OFTEN TO NETWORK AND EXCHANGE IDEAS. FREQUENT MEMBERSHIP SURVEYS, ON-SITE SEMINARS, EMAIL BLASTS, MONTHLY NEWSLETTERS, JOB POSTINGS AND CONSTANT COMMUNICATION WITH THE MEMBERSHIP KEEPS THEM INFORMED OF THE CURRENT ISSUES IN OUR COMMUNITY. FOR 2023, WE HAD THREE SCHOLARSHIP RECIPIENTS HAD A RECORD NUMBER OF MEMBERS ADDED FOR THE YEAR OF 130 HAD ABOUT 120 VOLUNTEERS AND ADDED OUR NEW JR AMBASSADOR PROGRAM OF 11 YOUNG ADULTS.
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 |
|---|---|---|---|
Shannon Sapp Past Chair - Thru 12/23 | OfficerTrustee | 3 | $0 |
Garrett Roberts Chair | OfficerTrustee | 1 | $0 |
Maritza Ayala Vice Chair | OfficerTrustee | 1 | $0 |
Kendall Mcintyre Incoming Chair | OfficerTrustee | 1 | $0 |
Sarah Timmons Treasurer | OfficerTrustee | 3 | $0 |
Mike Lamere Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $187,723 |
| Fundraising events | $140,616 |
| 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 | $864 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,339 |
| Total Program Service Revenue | $33,872 |
| Investment income | $359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,966 |
| Net Gain/Loss on Asset Sales | -$6,521 |
| Net Income from Fundraising Events | -$89,344 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,963 |
| 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. | $68,894 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,117 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $691 |
| Payroll taxes | $12,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,775 |
| Advertising and promotion | $9,639 |
| Office expenses | $29,141 |
| Information technology | $8,989 |
| Royalties | $0 |
| Occupancy | $78,558 |
| Travel | $319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,998 |
| Interest | $15,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,540 |
| Insurance | $23,641 |
| All other expenses | $3,536 |
| Total functional expenses | $385,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,600 |
| Savings and temporary cash investments | $180,433 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,522 |
| 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 | $0 |
| Net Land, buildings, and equipment | $544,182 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,137 |
| Total assets | $903,874 |
| Accounts payable and accrued expenses | $16,760 |
| Grants payable | $139,875 |
| Deferred revenue | $94,439 |
| 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 | $435,613 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,674 |
| Total liabilities | $703,361 |
| Net assets without donor restrictions | $60,638 |
| Net assets with donor restrictions | $139,875 |
| 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 | $903,874 |