Jensen Beach Chamber Of Commerce
- Assets
- $183.3k
- Revenue
- $198.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Jensen Beach, FL
- Founding
- 01/1953
- Data as of
- 12/2022
- EIN
- 59-0682897
Organization Overview
Jensen Beach Chamber Of Commerce is located in Jensen Beach, FL. The organization was established in 1953. 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 12/2022, Jensen Beach Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jensen Beach 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 12/2022, Jensen Beach Chamber Of Commerce generated $198.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $221.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 8 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 JENSEN BEACH CHAMBER SERVES THE GENERAL ECONOMIC WELFARE OF JENSEN BEACH FL BY WORKING TO PROMOTE AND ENSURE THE SUCCESS OF COMMERCE AND BUSINESSES IN THE COMMUNITY. ITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMBER MEMBERSHIP DUES ARE USED TO SUPPORT THE GROWTH OF BUSINESS AND ECONOMIC ACTIVITY IN JENSEN BEACH. BESIDES SUPPORTING THE OVERHEAD COSTS OF THE CHAMBER, DUES ARE USED TO HOST MEMBERSHIP BREAKFASTS, LUNCHEONS, AND BUSINESS AFTER HOURS SO THAT MEMBERS CAN MEET AND NETWORK TO FOSTER BUSINESS COMMUNITY GROWTH AND LONG TERM VIABLITY.
BESIDES THE EVENTS LISTED ABOVE, THE CHAMBER SPONSORS A FINE ARTS AND CRAFT SHOW,A TASTE OF JENSEN FEATURING LOCAL RESTAURANTS, A BUSINESS EXPO TO FEATURE JENSEN BUSINESSES, AND AN ENTERTAINMENT BOOK TO PROMOTE LOCAL BUSINESSES AND RESTAURANTS. ALL OF THESE ACTIVITIES GENERATE THOUSANDS OF VISITORS TO DOWNTOWN JENSEN TO SHOP AND ENJOY ITS AMENTITIES.
THE PINEAPPLE FESTIVAL IS THE PREMIER EVENT FOR DOWNTOWN JENSEN, ATTRACTING THOUSANDS OF PEOPLE TO THE DOWNTOWN AREA TO EXPERIENCE THE AMBIANCE AND VIBRANCE OF JENSEN BEACH AS A PLACE TO WORK AND PLAY. THE THREE DAY EVENT FEATURES HEADLINE PERFORMERS FROM ALL OVER THE UNITED STATES. THIS EVENT, WHICH IS NOW OWNED BY THE JENSEN BEACH CHAMBER, WAS RESPONSIBLE FOR PUTTING JENSEN ON THE MAP AS A LOCATION TO WORK AND SHOP.
JAMMIN JENSEN IS A WEEKLY EVENT TO ENCOURAGE RESIDENTS TO COME TO THE DOWNTOWN TO SHOP AND VISIT JENSEN'S RESTAURANTS AND PUBS. THE EVENTS ARE HELD ON A THURSDAY, A TYPICALLY SLOW DAY FOR SMALL DOWNTOWNS, AND HAS BEEN A BOON TO SHOP OWNERS AND BUSINESS OWNERS IN GENERATING BUSINESS DURING SLOW HOURS AND OFF SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nickk Darley Chair | OfficerTrustee | 1 | $0 |
Misty Moody Vice Chair | OfficerTrustee | 1 | $0 |
Doug Poole Treasurer | OfficerTrustee | 1 | $0 |
Linda Fitzpatrick Past Chair | OfficerTrustee | 1 | $0 |
Elaine Hirsch Secretary | OfficerTrustee | 1 | $0 |
Kathryn Anson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,908 |
| 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 | $11,908 |
| Total Program Service Revenue | $165,802 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,356 |
| 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 | $198,066 |
| 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. | $121,485 |
| Compensation of current officers, directors, key employees. | $121,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,169 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,930 |
| Insurance | $4,252 |
| All other expenses | $55,192 |
| Total functional expenses | $221,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,078 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,346 |
| Net Land, buildings, and equipment | $83,860 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $183,284 |
| Accounts payable and accrued expenses | $2,091 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,091 |
| Net assets without donor restrictions | $181,193 |
| 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 | $183,284 |