North Port Area Chamber Of Commerce Inc is located in North Port, FL. The organization was established in 1988. 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 09/2021, North Port Area Chamber Of Commerce Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Port Area Chamber Of Commerce 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 09/2021, North Port Area Chamber Of Commerce Inc generated $493.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $494.7k during the year ending 09/2021. While expenses have increased by 15.4% per year over the past 5 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
TO PROMOTE AND ENCOURAGE BUSINESS PROSPERITY AND TO ENHANCE ECONOMIC DEVELOPMENT THROUGH ADVOCACY ENGAGEMENT AND COOPERATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL CHAMBER PROGRAM SERVICES ARE TO FOSTER AND PROMOTE BUSINESSES IN NORTH PORT FLORIDA AND SURROUNDING AREAS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Gunnin Executive Director | Officer | 40 | $69,415 |
David Roth President | OfficerTrustee | 4 | $0 |
Sharon Matthews Secretary | OfficerTrustee | 4 | $0 |
Sharma Bachan Treasurer | OfficerTrustee | 4 | $0 |
Kelly Louke Incoming President | OfficerTrustee | 4 | $0 |
Matthew Dill Immediate Past Preside | OfficerTrustee | 4 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $251,307 |
Fundraising events | $67,825 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $77,263 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $396,395 |
Total Program Service Revenue | $96,702 |
Investment income | $428 |
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 | $493,525 |
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. | $69,415 |
Compensation of current officers, directors, key employees. | $20,825 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $93,161 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $22,379 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $24,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $33,747 |
Office expenses | $9,667 |
Information technology | $828 |
Royalties | $0 |
Occupancy | $31,135 |
Travel | $2,231 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $10,364 |
Insurance | $4,721 |
All other expenses | $11,524 |
Total functional expenses | $494,728 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $239,307 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,778 |
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 | $3,839 |
Net Land, buildings, and equipment | $391,761 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $645,685 |
Accounts payable and accrued expenses | $14,473 |
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 | $304,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $141,757 |
Total liabilities | $460,230 |
Net assets without donor restrictions | $182,455 |
Net assets with donor restrictions | $3,000 |
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 | $645,685 |
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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 |
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