Greater Lake Placid Chamber Of Commerce
- Assets
- $220.4k
- Revenue
- $166.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Lake Placid, FL
- Founding
- 08/1979
- Data as of
- 08/2021
- EIN
- 59-1026434
Organization Overview
Greater Lake Placid Chamber Of Commerce is located in Lake Placid, FL. The organization was established in 1979. 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 08/2021, Greater Lake Placid Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Lake Placid 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 08/2021, Greater Lake Placid Chamber Of Commerce generated $166.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $118.9k during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMUNITY THROUGH ITS BUSINESSES AND ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION PROMOTES THE COMMUNITY THROUGH THE PUBLICATION OF A MONTHLY NEWSLETTER.
A MONTHLY MEETING IS PROVIDED TO GIVE BUSINESSES THE VENUE TO PROMOTE THEIR ACTIVITIES AND ADVERTISE THEIR SERVICES ON AN INDIVIDUAL BASIS. AN ANNUAL BANQUET AND A PROFESSIONAL LUNCHEON REWARDING AND RECOGNIZING THE OUTSTANDING CONTRIBUTIONS TO THE COMMUNITY BY INDIVIDUALS AND BUSINESSES ARE GIVEN.
THIS ORGANIZATION PROMOTES THE COMMUNITY EVENTS AND LOCAL BUSINESSES THROUGH ADVERTISEMENTS ON ITS WEBSITE AND THROUGH SPONSORSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Bush Executive Di | OfficerTrustee | 40 | $40,981 |
Bill Brantley 1st Vice Pre | Officer | 2 | $0 |
Kim Miller Secretary | Officer | 2 | $0 |
Curtis Slade Treasurer | Officer | 2 | $0 |
Donald Clarke President | Officer | 2 | $0 |
Vicki Spires Past Preside | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,175 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,600 |
| Total Program Service Revenue | $40,394 |
| Investment income | $516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,714 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,224 |
| 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. | $40,981 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,380 |
| Advertising and promotion | $2,532 |
| Office expenses | $1,779 |
| Information technology | $3,297 |
| Royalties | $0 |
| Occupancy | $18,740 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,364 |
| Insurance | $6,989 |
| All other expenses | $0 |
| Total functional expenses | $118,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,696 |
| Savings and temporary cash investments | $30,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,085 |
| 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 | $100 |
| Net Land, buildings, and equipment | $91,287 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $220,404 |
| Accounts payable and accrued expenses | $7,429 |
| 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 | $1,813 |
| Total liabilities | $9,242 |
| Net assets without donor restrictions | $0 |
| 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 | $211,162 |
| Total liabilities and net assets/fund balances | $220,404 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Lake Placid Chamber Of Commerce has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
The Charles L Jr & Anne D Reynolds Foundation Lake Placid, FL PURPOSE: GENERAL | $20,000 |
The Charles L Jr & Anne D Reynolds Foundation Lake Placid, FL PURPOSE: GENERAL | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Institute Of Internal Auditors Lake Mary, FL | $101,351,692 | $59,361,984 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |
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 |