Greater South Dade-South Miami Chamber Of Commerce Inc
- Assets
- $225.7k
- Revenue
- $106.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Miami, FL
- Founding
- 04/1975
- Data as of
- 09/2020
- EIN
- 59-0600031
Organization Overview
Greater South Dade-South Miami Chamber Of Commerce Inc, operating under the name Chamber South, is located in Miami, 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 09/2020, Chamber South employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber South 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 09/2020, Chamber South generated $106.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $154.4k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (18.8%) per year over the past 5 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
CHAMBER OF COMMERCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS ACCOMPLISHMENTS: CHAMBER SOUTH PROVIDES EVENTS THROUGHOUT THE YEAR THAT PROVIDE THE OPPORTUNITIES FOR AND ACKNOWLEDGEMENT OF ITS BUSINESS MEMBERS. THE ANNUAL BUSINESS EXPO DRAWS HUNDREDS TO SEE AND MEET THE APPROXIMATELY EIGHTY BUSINESS MEMBERS EXHIBITING. THE EXCELLENCE AWARD BANQUET, ACKNOWLEDGES THE BUSINESS MEMBERS, AND THE CHAMBER FOR THEIRCOMMUNITY INVOLVEMENT AND BUSINESS ACUMEN AND HONORS THE INDIVIDUALS WHO EXCEL IS GIVING BACK TO THE NOT-FOR-PROFIT COMMUNITY. THE THIRTEEN COMMITTEES EACH PROMOTE THEIR PURPOSE INCLUDING PROMOTING TO THE BUSINESS COMMUNITY AT LARGE AND WITHIN THE CHAMBER MEMBERSHIP. THE CHAIRMANS RECEPTION IS A FUN EVENT THAT THANKS THE OFFICERS, DIRECTORS AND VOLUNTEERSTHAT HAVE DONE SO MUCH DURING THE YEAR AND WELCOME THE MEMBERS THAT ARE STEPPING UP TO TAKE RESPONSIBILITIES FOR THE COMING YEAR.
NETWORKING BREAKFAST AND LUNCH MEETINGS: OUR NETWORK LUNCHEON IS A FUN,INFORMAL EVENT WHERE ATTENDEES MEET EVERYONE IN THE ROOM. WE HAVE MEMBERS WHO DO FORTY PERCENT OF THEIR BUSINESS AS A RESULT OF THEIR REGULAR ATTENDANCE AT THIS MONTHLY EVENT. IT IS A MUST FOR THE NEW MEMBERS ALSO, WHO FEEL AS IF THEY HAVE KNOWN THE PEOPLE FOR YEARS. THE GENERAL MEMBERSHIP BREAKFAST IS CHAMBER SOUTHS OFFICIAL MONTHLY MEETING. SPECIAL SPEAKERS PROVIDE APPROPRIATE BUSINESS AND COMMUNITYRELATED INFORMATION AND ASSISTANCE. IT IS THE AREAS PLACE FOR BUSINESS PERSONS TO BE AND BE SEEN RESULTING IN EXPOSURE FOR THEIR COMPANY.
ART FESTIVAL: THIS IS AN ANNUAL EVENT. IT IS A FINE ARTS SHOW PRODUCED BY CHAMBER SOUTH FEATURING JURIED ARTISTS FROM ACROSS THE COUNTRY AND THE WORLD. HELD ON THE FIRST WEEKEND OF NOVEMBER, THE SHOW KICKS OFF THE FESTIVAL SEASON IN MIAMI-DADE COUNTY. IT IS HELD ON HISTORIC SUNSET DRIVE IN THE HEART OF SOUTH MIAMI AND ATTRACTS OVER 50K PEOPLE. THE EVENT IS OPEN TO THE GENERAL PUBLIC FREE OF CHARGE, PROVIDING AN OUTSTANDING MULTICULTURAL EXPERIENCE IN A FAMILY SETTING. OUT GOAL IS TO CONTINUE TO PROVIDE OUR COMMUNITY WITH A QUALITY FINE ART SHOW THAT WILL BOTH STIMULATE THE LOCAL ECONOMY AND INCREASE AWARENESS OF THE ARTS. THE EVENT WILL INCLUDE OVER 100 ARTISTS FROM AROUND THE WORLD REPRESENTING MEDIA SUCH AS CERAMICS AND CLAY; DIGITAL ART; TEXTILES; GLASS; JEWELRY AND METALWORK; TWO-DIMENSIONAL MIXED MEDIA; THREE-DIMENSIONAL MIXED MEDIA; PAINTING; PHOTOGRAPHY; PRINTMAKING AND DRAWING; SCULPTURE; AND WOOD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittnie R Bassant Executive Director | Trustee | 0 | $53,000 |
Mindy Herris Vice Chairperson | OfficerTrustee | 0 | $0 |
Richard Horton Past Chair | Trustee | 0 | $0 |
Joann Parnes Board Member | Trustee | 0 | $0 |
Zac Hall Past Chair | Trustee | 0 | $0 |
Allison Polk Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $51,385 |
| Fundraising events | $0 |
| 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 | $51,385 |
| Total Program Service Revenue | $43,369 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,133 |
| 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. | $30,399 |
| Compensation of current officers, directors, key employees. | $30,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,549 |
| Information technology | $2,410 |
| Royalties | $0 |
| Occupancy | $14,188 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,916 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,570 |
| Insurance | $718 |
| All other expenses | $5,377 |
| Total functional expenses | $154,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,744 |
| Savings and temporary cash investments | $0 |
| 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 | $28,724 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $105,342 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $912 |
| Total assets | $225,722 |
| Accounts payable and accrued expenses | $6,063 |
| 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 | $141,000 |
| Unsecured mortgages and notes payable | $33,400 |
| Other liabilities | $63,565 |
| Total liabilities | $244,028 |
| Net assets without donor restrictions | -$18,306 |
| 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 | $225,722 |
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