Florida Municipal Electric Association Inc
- Assets
- $2.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Tallahassee, FL
- Founding
- 03/1979
- Data as of
- 09/2023
- 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 09/2023, Florida Municipal Electric Association Inc employed 7 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 09/2023, Florida Municipal Electric Association Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.1m during the year ending 09/2023. While expenses have increased by 4.6% 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
2023
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
PUBLICATIONS - EDUCATIONAL PUBLICATIONS FOR MEMBERS OTHER INDIRECT COSTS ATTRIBUTABLE TO ABOVE
ENERGY CONSERVATION SERVICES
FLORIDA PUBLIC SERVICE COMMISSION LEGAL REPRESENTATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Minner Director | Trustee | 1 | $0 |
Andy Yeager Director | Trustee | 1 | $0 |
Barbara Quinones Director | Trustee | 1 | $0 |
Daniel D'alessandra Director | Trustee | 1 | $0 |
Danny Williams Director | Trustee | 1 | $0 |
Doug Peebles Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gray Robinson Pa Consulting | 9/29/23 | $169,374 |
Baker Botts Llp Legal | 9/29/23 | $126,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,092 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,069 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,161 |
| Total Program Service Revenue | $2,242,799 |
| Investment income | $56,786 |
| 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 | $2,429,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $243,840 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,598 |
| Pension plan accruals and contributions | $37,805 |
| Other employee benefits | $38,101 |
| Payroll taxes | $47,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,923 |
| Fees for services: Lobbying | $354,662 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $950 |
| Advertising and promotion | $0 |
| Office expenses | $55,119 |
| Information technology | $68,965 |
| Royalties | $0 |
| Occupancy | $37,847 |
| Travel | $62,654 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $655,903 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,042 |
| Insurance | $5,853 |
| All other expenses | $0 |
| Total functional expenses | $2,125,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,330,898 |
| Savings and temporary cash investments | $711,878 |
| 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 | $16,249 |
| Net Land, buildings, and equipment | $138,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,197,355 |
| Accounts payable and accrued expenses | $50,955 |
| Grants payable | $0 |
| Deferred revenue | $267,841 |
| 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 | $318,796 |
| Net assets without donor restrictions | $1,878,559 |
| 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 | $2,197,355 |