Florida Municipal Electric Association Inc
- Assets
- $1.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Tallahassee, FL
- Founding
- 03/1979
- Data as of
- 09/2022
- EIN
- 59-1267173
Organization Overview
Florida Municipal Electric Association Inc is located in Tallahassee, FL. The organization was established in 1979. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2022, Florida Municipal Electric Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Municipal Electric Association 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 09/2022, Florida Municipal Electric Association Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.8m during the year ending 09/2022. While expenses have increased by 2.8% per year over the past 6 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
STATE TRADE ASSOCIATION FOR FLORIDA'S 33 MUNICIPAL ELECTRIC UTILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE AND WORKSHOPS
ENERGY CONSERVATION SERVICES
FLORIDA PUBLIC SERVICE COMMISSION LEGAL REPRESENTATION
PUBLICATIONS - EDUCATIONAL PUBLICATIONS FOR MEMBERS OTHER INDIRECT COSTS ATTRIBUTABLE TO ABOVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Zubaly Executive Director | Officer | 50 | $199,576 |
Brian Horton President | Officer | 1 | $0 |
Joseph Bunch President-Elect | Officer | 1 | $0 |
Allen Putnam Past President | Officer | 1 | $0 |
James Braddock Immediate Past President | Officer | 1 | $0 |
Mike New Past President | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gray Robinson Pa Consulting | 9/29/22 | $112,331 |
Baker Botts Llp Legal | 9/29/22 | $108,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,004 |
| Total Program Service Revenue | $2,061,033 |
| Investment income | $2,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,071,418 |
| 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. | $232,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $367,407 |
| Pension plan accruals and contributions | $36,040 |
| Other employee benefits | $31,177 |
| Payroll taxes | $45,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,500 |
| Fees for services: Lobbying | $373,549 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $49,165 |
| Information technology | $32,283 |
| Royalties | $0 |
| Occupancy | $52,678 |
| Travel | $31,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $443,300 |
| Interest | $250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,754 |
| Insurance | $5,778 |
| All other expenses | $0 |
| Total functional expenses | $1,756,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,497,730 |
| Savings and temporary cash investments | $199,984 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,071 |
| 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 | $61,838 |
| Net Land, buildings, and equipment | $136,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,914,300 |
| Accounts payable and accrued expenses | $75,085 |
| Grants payable | $0 |
| Deferred revenue | $280,226 |
| 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 | $355,311 |
| Net assets without donor restrictions | $1,558,989 |
| 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 | $1,914,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida Municipal Electric Association Inc has recieved totaling $26,300.
| Awarding Organization | Amount |
|---|---|
American Public Power Assoc Arlington, VA PURPOSE: DEED Program | $26,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Middle Georgia Electric Membership Corporation Vienna, GA | $60,693,839 | $19,174,900 |
Tombigbee Electric Cooperative Inc Hamilton, AL | $70,534,555 | $17,768,087 |
Upson Electric Membership Corporation Thomaston, GA | $38,150,316 | $15,452,555 |
Marshall-Dekalb Electric Cooperative Boaz, AL | $96,065,726 | $18,545,582 |
Destin Water Users Inc Destin, FL | $116,857,681 | $20,467,236 |
Holley Navarre Water System Navarre, FL | $73,632,093 | $12,282,279 |
Pace Water Systems Inc Pace, FL | $100,740,740 | $12,498,088 |
South Walton Utility Company Inc Miramar Beach, FL | $77,529,965 | $12,379,659 |
Franklin Electric Cooperative Russellville, AL | $55,032,541 | $9,493,610 |
Island Water Association Inc Sanibel, FL | $37,970,400 | $8,170,096 |
Gasparilla Island Water Assoc Inc Boca Grande, FL | $40,821,701 | $6,839,429 |
Auburn Water System Inc Crestview, FL | $22,363,702 | $6,295,559 |