Palm Beach North Chamber Of Commerce is located in Palm Beach Gardens, FL. The organization was established in 1981. 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 06/2022, Palm Beach North Chamber Of Commerce employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Beach North 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 06/2022, Palm Beach North Chamber Of Commerce generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 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 CHAMBER FOSTERS A PARTNERSHIP OF PRIVATE, PUBLIC, EDUCATION AND CIVIC ORGANIZATIONS WORKING TOGETHER TO ENSURE PALM BEACH NORTH IS FLORIDA'S "PROSPERITY COAST".
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES - COUNCILS AND COMMITTEES/SMALL BUSINESS PROGRAMS/BREAKFASTS/AFTER-HOURS EVENTS/YOUNG PROFESSIONALSTHE CHAMBER PROVIDES PROGRAMS AND ACTIVITIES THAT FURTHER THE GROWTH OF OUR MEMBER ORGANIZATIONS AND THE COMMUNITY IN WHICH THEY WORK AND LIVE. THE ACTIVITIES LISTED ABOVE FOSTER DIALOGUE AND NETWORKING BOTH MEMBER TO MEMBER AND MEMBER TO POLICY MAKER. BUSINESS TO BUSINESS ACTIVITY DRIVES GROWTH OF OUR MEMBERS, DIRECTLY IMPACTING THEIR BOTTOM LINE. POLICY MAKERS ARE MADE AWARE OF ISSUES/OPPORTUNITIES THAT WILL FOSTER A BETTER BUSINESS ENVIRONMENT. OTHER PROGRAMS PROVIDE EDUCATION AND TOOLS THAT CAN DIRECTLY BE APPLIED TO MEMBER ORGANIZATIONS TO ASSIST THEM IN PROFESSIONAL AND BUSINESS GROWTH.
ARTIGRAS FINE ARTS FESTIVALTHIS FESTIVAL DRAWS ARTISTS AND PATRONS FROM ALL OVER THE COUNTRY, THEREBY DRIVING ECONOMIC ACTIVITY AND OPPORTUNITIES FOR THE LOCAL REGION AND BUSINESSES. A YOUTH ART COMPETITION AND OTHER ACTIVITIES RESULT IN CONTRIBUTIONS TO LOCAL AREA SCHOOLS TO HELP MAINTAIN AND GROW THEIR PROGRAMS. LOCAL BUSINESSES ARE ON DISPLAY WHICH GIVES THEM VISIBILITY TO TENS OF THOUSANDS OF PATRONS AND MORE THAN 300 ARTISTS. ARTIGRAS IS AWARD-WINNING AND NATIONALLY RENOWNED WHICH PROVIDES FOR EXCELLENT OVERALL VISIBILITY AND MEDIA COVERAGE. THIS EXPOSURE FURTHER BENEFITS LOCAL BUSINESSES AS ARTISTS AND PATRONS SPEND DOLLARS IN THE REGION THAT THE CHAMBER COVERS. HUNDREDS OF VOLUNTEERS SUPPORT THESE EFFORTS, NETWORK AND ENGAGE IN COMMUNITY. ARTIGRAS ALSO ENHANCES THE AREA'S QUALITY OF LIFE WHICH ENTICES NEW BUSINESS TO RELOCATE TO THE REGION, THEREBY NETWORKING AND INCREASING B2B ACTIVITY.
ART FEST BY THE SEATHIS ADDITIONAL FESTIVAL ALSO DRAWS ARTISTS FROM ALL OVER THE COUNTRY, THEREBY DRIVING ECONOMIC ACTIVITY AND OPPORTUNITIES FOR THE LOCAL REGION AND BUSINESSES. AS A CONTRAST TO ARTIGRAS, ART FEST BY THE SEA DRAWS PATRONS MOSTLY FROM THE PALM BEACH NORTH REGION AND OUTLYING AREAS. THE FESTIVAL PROVIDES A GREAT ENHANCEMENT TO THE QUALITY OF LIFE OF RESIDENTS AND STUDENTS, AS WELL AS PROVIDING AN ADDED TOURIST ATTRACTION TO PALM BEACH NORTH. AS ANOTHER FESTIVAL THAT DRAWS TENS OF THOUSANDS OF PATRONS AND MORE THAN 200 NATIONWIDE ARTISTS, ART FEST BY THE SEA IS ALSO AN AWARD-WINNING, NATIONALLY RENOWNED EVENT PROVIDING FOR EXCELLENT OVERALL VISIBILITY AND MEDIA COVERAGE. THIS FESTIVAL OCCURS ALONG THE OCEANFRONT WHICH HIGHLIGHTS PALM BEACH NORTH'S BEACHES, YET ANOTHER ATTRACTION FOR PROSPECTIVE BUSINESSES, VISITORS AND RESIDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Noel Martinez President | Officer | 40 | $194,035 |
Tim Burke Treasurer | OfficerTrustee | 1 | $0 |
John Carr Director | OfficerTrustee | 1 | $0 |
David Markarian Chair | OfficerTrustee | 1 | $0 |
Mike Bauer Chair-Elect | OfficerTrustee | 1 | $0 |
Marylynn Magar Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $42,440 |
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 | $42,440 |
Total Program Service Revenue | $1,552,810 |
Investment income | $962 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $16,800 |
Net Rental Income | $29,025 |
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 | $35,337 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,748,047 |
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. | $194,035 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $423,368 |
Pension plan accruals and contributions | $23,608 |
Other employee benefits | $49,701 |
Payroll taxes | $34,424 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $13,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $200,527 |
Advertising and promotion | $29,610 |
Office expenses | $0 |
Information technology | $31,509 |
Royalties | $0 |
Occupancy | $90,389 |
Travel | $7,378 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $37,741 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,792 |
Insurance | $18,307 |
All other expenses | $151,746 |
Total functional expenses | $1,736,771 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $88,212 |
Savings and temporary cash investments | $381,938 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $49,115 |
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 | $10,017 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $6,012 |
Intangible assets | $1,843 |
Other assets | $5,000 |
Total assets | $542,137 |
Accounts payable and accrued expenses | $121,468 |
Grants payable | $0 |
Deferred revenue | $257,809 |
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 | $379,277 |
Net assets without donor restrictions | $162,860 |
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 | $542,137 |
Over the last fiscal year, we have identified 3 grants that Palm Beach North Chamber Of Commerce has recieved totaling $19,810.
Awarding Organization | Amount |
---|---|
Baptist Health Of South Florida Inc Coral Gables, FL PURPOSE: BBH Sponsor, BBH Tickets, ArtiGras Youth Art Competition, Website ads | $13,810 |
Marine Industries Association Of Palm Beach County Inc North Palm Beach, FL PURPOSE: EVENT SPONSORSHIP | $3,000 |
Marine Industries Association Of Palm Beach County Inc North Palm Beach, FL PURPOSE: EVENT SPONSORSHIP | $3,000 |
Organization Name | Assets | Revenue |
---|---|---|
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |
Panama City Beach Convention And Vistors Bureau Inc Panama City Beach, FL | $6,910,172 | $13,906,597 |
Florida Reliability Coordinating Council Tampa, FL | $10,138,227 | $13,874,923 |
Midtown Business Association Inc Atlanta, GA | $4,952,556 | $10,845,776 |
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
Visit Pensacola Inc Pensacola, FL | $2,535,965 | $7,930,486 |
Allinial Global Lawrenceville, GA | $3,508,006 | $7,173,344 |
The Florida Restaurant & Lodging Association Inc Tallahassee, FL | $14,927,226 | $6,472,755 |