Greater Fort Myers Chamber Of Commerce Inc
- Assets
- $227.4k
- Revenue
- $469.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Fort Myers, FL
- Founding
- 05/1990
- Data as of
- 06/2021
- EIN
- 65-0110700
Organization Overview
Greater Fort Myers Chamber Of Commerce Inc, operating under the name Inc, is located in Fort Myers, FL. The organization was established in 1990. 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 06/2021, Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2021, Inc generated $469.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $391.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 6 years. 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
THE GREATER FORT MYERS CHAMBER OF COMMERCE REPRESENTS OVER 800 BUSINESSES, PROFESSIONALS, AND INDIVIDUALS THROUGHOUT LEE COUNTY. WE PROVIDE OPPORTUNITIES FOR MEMBERS TO NETWORK WITH OTHER BUSINESSES, PARTICIPATE IN MEANINGFUL COMMITTEE WORK, BECOME BETTER EDUCATED THROUGH VARIOUS CHAMBER- SPONSORED PROGRAMS, AND COMMUNICATE ONE-ON-ONE WITH COMMUNITY LEADERS. 1) STIMULATES THE LOCAL ECONOMY THROUGH PROGRAMS, EVENTS, AND SERVIES THAT SPOTLIGHT AREA BUSINESS, PROMOTES BUSINESS ACTIVITIES, AND ENCOURAGES ENTREPRENEURES; 2) ADVOCATES FOR THE COMMUNITEY BY COLLABORATING WITH 7 LOCAL CHAMBERS OF COMMERCE - THE SWFL ALLIANCE OF CHAMBERS- TO WORK ON TRANSPORTATION, WORKFORCE HOUSING, WATER QUALITY AND OTHER IMPORTANT ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER MEETS ITS GOALS OF SERVING SOUTHWEST FLORIDA IN MANY WAYS. THE CHAMBER OFFERS INFORMATION FOR OUR TOURISTS THROUGH THE CHAMBER LOBBY AND CHAMBER STAFF. THE CHAMBER PREPARES MATERIALS FOR RELOCATION PACKAGES AND NEW BUSINESSES LOOKING TO OPEN IN THE COMMUNITY. THE CHAMBER TAKES ON THE ROLE OF MEMBER ADVOCACY FOR ISSES THAT AFFECT LOCAL BUSINESS. THE CHAMBER DEVELOPS EDUCATIONAL RESOURCES FOR THE MEMBERSHIP AND BUILDS EVENTS THAT FURTHER ENHANCE BUSINESS KNOWLEDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Depasquale Exec Dir | Officer | 40 | $88,421 |
Jay Johnson Treasurer | OfficerTrustee | 1 | $0 |
Michelle Hoover 2nd Vice Cha | OfficerTrustee | 1 | $0 |
Jim Larkin Board Chair | OfficerTrustee | 1 | $0 |
Angela Schivinski 1st Vice Cha | OfficerTrustee | 1 | $0 |
Lee Golden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $113,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,400 |
| Total Program Service Revenue | $289,893 |
| Investment income | $171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,479 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $469,943 |
| 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. | $109,984 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,531 |
| Pension plan accruals and contributions | $2,205 |
| Other employee benefits | $19,495 |
| Payroll taxes | $15,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,714 |
| Office expenses | $12,045 |
| Information technology | $13,202 |
| Royalties | $0 |
| Occupancy | $40,684 |
| Travel | $8,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,877 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $578 |
| Insurance | $751 |
| All other expenses | $17,356 |
| Total functional expenses | $391,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,918 |
| Savings and temporary cash investments | $174,499 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,718 |
| 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 | $6,102 |
| Net Land, buildings, and equipment | $2,156 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $227,393 |
| Accounts payable and accrued expenses | $2,408 |
| Grants payable | $0 |
| Deferred revenue | $64,058 |
| 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 | $149,900 |
| Other liabilities | $45,759 |
| Total liabilities | $262,125 |
| Net assets without donor restrictions | -$34,732 |
| 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 | $227,393 |
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