Niceville-Valparaiso Chamber Of Commerce Inc
- Assets
- $409.2k
- Revenue
- $308.7k
- Investments
- $640.0
- Employees
- 4
- Location
- Niceville, FL
- Founding
- 05/1978
- Data as of
- 12/2022
- EIN
- 59-0809806
Organization Overview
Niceville-Valparaiso Chamber Of Commerce Inc is located in Niceville, FL. The organization was established in 1978. 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, Niceville-Valparaiso Chamber Of Commerce Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niceville-Valparaiso 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 12/2022, Niceville-Valparaiso Chamber Of Commerce Inc generated $308.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $313.1k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATING CONNECTIONS THAT BUILD SUCCESSFUL BUSINESS OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILITARY AFFAIRS - PROMOTES GOOD RELATIONSHIP BETWEEN CHAMBER MEMBERS AND THE LOCAL MILITARY BASES.
2ND WEDNESDAY BREAKFAST - PROMOTES CHAMBER MEMBERS TO OTHER CHAMBER MEMBERS
ANNUAL DINNER - RECOGNIZES CHAMBER MEMBERS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO THE CHAMBER OVER THE PAST YEAR. ALSO, THE NEW OFFICERS ARE PRESENTED TO THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tricia Brunson President/ceo | Officer | 40 | $113,038 |
Mike Mosley Chairman | OfficerTrustee | 1 | $0 |
Heather Jourdan Chairman Elect | OfficerTrustee | 1 | $0 |
Garrett Floyd Past Chairman | OfficerTrustee | 1 | $0 |
Leslie Moland Vice Chairman | OfficerTrustee | 1 | $0 |
Lee Lewis Vice Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $145,488 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,000 |
| 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 | $173,488 |
| Total Program Service Revenue | $80,329 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,166 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,609 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,661 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,234 |
| Payroll taxes | $15,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,952 |
| Advertising and promotion | $0 |
| Office expenses | $16,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,402 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,840 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,841 |
| Insurance | $4,801 |
| All other expenses | $2,452 |
| Total functional expenses | $313,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,123 |
| Savings and temporary cash investments | $26,154 |
| 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 | $0 |
| Net Land, buildings, and equipment | $150,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $640 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $409,174 |
| Accounts payable and accrued expenses | $22,943 |
| Grants payable | $0 |
| Deferred revenue | $26,420 |
| 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 | $109,900 |
| Total liabilities | $159,263 |
| Net assets without donor restrictions | -$98,314 |
| Net assets with donor restrictions | $348,225 |
| 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 | $409,174 |