St Petersburg Area Chamber Of Commerce
- Assets
- $1.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 27
- Location
- St Petersburg, FL
- Founding
- 01/1980
- Data as of
- 12/2021
- EIN
- 59-1493839
Organization Overview
St Petersburg Area Chamber Of Commerce is located in St Petersburg, FL. The organization was established in 1980. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, St Petersburg Area Chamber Of Commerce employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Petersburg Area 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 12/2021, St Petersburg Area Chamber Of Commerce generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ST. PETERSBURG AREA CHAMBER OF COMMERCE, HONORED BY THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES IN 2008 AS ONE OF THE TOP THREE CHAMBERS IN NORTH AMERICA IS A DYNAMIC MEMBERSHIP ASSOCIATION OF BUSINESS AND PROFESSIONAL ORGANIZATIONS WORKING TOGETHER IN THE INTEREST OF GROWING BUSINESS AND BUILDING COMMUNITY. THE CHAMBER, IN PARTNERSHIP WITH THE CITY OF ST. PETERSBURG, HAS AN EXTREMELY FOCUSED PROGRAM ON BUSINESS RETENTION AND EXPANSION. THE CHAMBER'S ECONOMIC DEVELOPMENT DIVISION SERVES AS A RESOURCE THAT ENABLES ENTREPRENEURS TO START AND/OR GROW THEIR BUSINESS AND TO ASSIST IN THE DEVELOPMENT OF A WORKFORCE SUFFICIENT TO MEET THE NEEDS OF AN EVER GROWING COMMUNITY. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Steinocher President/ CEO | Officer | 40 | $253,772 |
Candace Hulcher Vice President Of Business Development And Members | 40 | $129,925 | |
Dr Sri Sundaram Chair | OfficerTrustee | 2 | $0 |
Jason Spears Vice Chair - Sect/treasure | OfficerTrustee | 2 | $0 |
Anne Pollack Vice Chair - Advocacy | OfficerTrustee | 2 | $0 |
David Vetter Vice Chair - Next | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $268,094 |
| 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 | $268,094 |
| Total Program Service Revenue | $1,629,576 |
| Investment income | $3,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$11,750 |
| 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 | $50,902 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,420,508 |
| 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. | $383,697 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,037,558 |
| Pension plan accruals and contributions | $36,728 |
| Other employee benefits | $126,542 |
| Payroll taxes | $96,800 |
| Fees for services: Management | $7,575 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $90,428 |
| Office expenses | $80,324 |
| Information technology | $32,147 |
| Royalties | $0 |
| Occupancy | $63,538 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,745 |
| Insurance | $11,957 |
| All other expenses | $0 |
| Total functional expenses | $2,272,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,150 |
| Savings and temporary cash investments | $125,930 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $77,257 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $386,620 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,186 |
| Total assets | $1,196,983 |
| Accounts payable and accrued expenses | $157,216 |
| Grants payable | $0 |
| Deferred revenue | $614,357 |
| 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 | $141,718 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $913,291 |
| Net assets without donor restrictions | $275,987 |
| Net assets with donor restrictions | $7,705 |
| 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 | $1,196,983 |
Grants Awarded
Over the last fiscal year, St Petersburg Area Chamber Of Commerce has awarded $83,460 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE BIG CONSULTING GROUP LLC PURPOSE: GRANT COMPLIANCE | $44,424 |
URBAN MARKET ANALYTICS PURPOSE: EVALUATION SVCS | $26,536 |
2020 PLAN TASKFORCEPCUL PURPOSE: SUPPORT | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that St Petersburg Area Chamber Of Commerce has recieved totaling $296,981.
| Awarding Organization | Amount |
|---|---|
Foundation For A Healthy St Petersburg Inc St Petersburg, FL PURPOSE: TO ADVANCE COMMUNITY WEALTH TO HEALTH BY SUPPORTING BAY AREA CHAMBER FOUNDATION'S GROW SMARTER INITIATIVE, AN ECONOMIC DEVELOPMENT COLLECTIVE IMPACT MODEL GROUNDED IN THE PRINCIPLES OF DIVERSITY, EQUITY, AND INCLUSION IN THE CITY OF ST PETE. | $266,981 |
St Anthonys Hospital Inc St Petersburg, FL PURPOSE: Funding Support | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Gwinnett Chamber Of Commerce Inc Duluth, GA | $6,627,911 | $6,072,892 |
Jacksonville And The Beaches Convention & Visitors Bureau Inc Jacksonville, FL | $1,089,102 | $5,103,594 |
Better Business Bureau Of Palm Beach County Inc West Palm Beach, FL | $4,183,669 | $5,496,948 |
Florida Rv Trade Association Riverview, FL | $9,475,092 | $4,511,413 |