Floridas Great Northwest Inc
- Assets
- $357.5k
- Revenue
- $681.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Niceville, FL
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 59-3685250
Organization Overview
Floridas Great Northwest Inc is located in Niceville, FL. The organization was established in 2002. 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 12/2023, Floridas Great Northwest Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floridas Great Northwest 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 12/2023, Floridas Great Northwest Inc generated $681.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $814.1k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
TO PROMOTE NORTHWEST FLORIDA FOR ECONOMIC GROWTH AND DIVERSIFICATION, ADVOCATE FOR ECONOMIC DEVELOPMENT ISSUES THAT AFFECT THE REGION, AND COLLABORATE TO IMPROVE REGIONAL COMPETITIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT: PROSPECTIVE BUSINESSES AND TARGET INDUSTRIES ARE CONTACTED THROUGH PUBLICATIONS AND OTHER MEDIA, TRADE SHOW PARTICIPATION, DIRECT MAIL, AND INFORMATION AVAILABLE ON A WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Conoley President & | Officer | 40 | $151,565 |
Eddie Thompson Board | Trustee | $0 | |
Jennifer Grove Board | Trustee | $0 | |
Becca Hardin Board | Trustee | $0 | |
John Daniel Board | Trustee | $0 | |
Marti Watts Board | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $477,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,801 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $621,676 |
| Total Program Service Revenue | $59,018 |
| Investment income | $603 |
| 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 | $681,297 |
| 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. | $151,564 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,637 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $48,366 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,718 |
| Advertising and promotion | $146,781 |
| Office expenses | $28,804 |
| Information technology | $6,149 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,252 |
| Interest | $212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,296 |
| Insurance | $2,531 |
| All other expenses | $0 |
| Total functional expenses | $814,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,371 |
| Savings and temporary cash investments | $241,827 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| 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 | $53,688 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $576 |
| Other assets | $0 |
| Total assets | $357,462 |
| Accounts payable and accrued expenses | $59,305 |
| 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 | $0 |
| Total liabilities | $59,305 |
| Net assets without donor restrictions | $298,157 |
| 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 | $357,462 |