The Sebastian River Area Chamber Of Commerce Inc
- Assets
- $360.8k
- Revenue
- $391.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Sebastian, FL
- Founding
- 05/1991
- Data as of
- 09/2023
- EIN
- 59-0833568
Organization Overview
The Sebastian River Area Chamber Of Commerce Inc is located in Sebastian, FL. The organization was established in 1991. 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 09/2023, Sebastian River Area Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sebastian River Area 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 09/2023, Sebastian River Area Chamber Of Commerce Inc generated $391.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $372.0k during the year ending 09/2023. 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
THE ORGANIZATION WAS INCORPORATED IN FEBRUARY, 1958, AND IT WAS ESTABLISHED TO PROMOTE THE CIVIC, ECONOMIC, AND SOCIAL WELFARE OF THE PEOPLE IN THE SEBASTIAN RIVER AREA; PRIMARILY, BUSINESS/COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURISM DEVELOPMENT - THE CHAMBER ATTRACTS VISITORS BY MAINTAINING A MODERN TOURISM INFORMATION CENTER AND A DYNAMIC INTERACTIVE WEBSITE, AND THROUGH SOCIAL MEDIA, PRINT ADVERTISING, DIRECT MAIL, PROMOTIONAL BROCHURES AND FREQUENT TRAVEL/TRADE SHOWS AND VISITORS RELATED FESTIVALS AND EVENTS.
BUSINESS DEVELOPMENT - THE CHAMBER PROMOTES BUSINESS GROWTH BY NURTURING NEW BUSINESSES AND BY HELPING NEW RESIDENTS BECOME ACQUAINTED WITH THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Thibault President & CEO | Officer | 40 | $60,000 |
Bob Morgan Vice Chairman | Trustee | 2 | $0 |
Dawn Biehl Treasurer | Trustee | 2 | $0 |
Karen Mechling Secretary | Trustee | 2 | $0 |
Robin Raiff Chairman | Trustee | 2 | $0 |
Nichole Johnson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $120,622 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,000 |
| 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 | $260,622 |
| Total Program Service Revenue | $71,867 |
| Investment income | $131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,805 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,425 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,216 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,440 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,328 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,273 |
| Advertising and promotion | $23,851 |
| Office expenses | $7,236 |
| Information technology | $11,419 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,805 |
| Insurance | $8,030 |
| All other expenses | $25,730 |
| Total functional expenses | $371,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,193 |
| Savings and temporary cash investments | $78,463 |
| Pledges and grants receivable | $24,099 |
| Accounts receivable, net | $25,263 |
| 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 | $441 |
| Net Land, buildings, and equipment | $131,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $360,783 |
| Accounts payable and accrued expenses | $4,062 |
| 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 | $4,062 |
| Net assets without donor restrictions | $356,721 |
| 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 | $360,783 |