Palm Coast Regional Chamber Of Commerce Inc
- Assets
- $54.5k
- Revenue
- $245.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Palm Coast, FL
- Founding
- Data as of
- 06/2023
- EIN
- 85-2141868
Organization Overview
Palm Coast Regional Chamber Of Commerce Inc is located in Palm Coast, FL. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Palm Coast Regional 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. Palm Coast Regional 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 06/2023, Palm Coast Regional Chamber Of Commerce Inc generated $245.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $231.8k during the year ending 06/2023. While expenses have increased by 12.5% per year over the past 2 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 THE COMMON BUSINESS INTEREST OF ITS MEMBERS AND NOT TO ENGAGE IN A REGULAR BUSINESS OF A KIND ORDINARILY CARRIED ON FOR PROFIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
INITIAL SIGN UP OF CHAMBER MEMBERS,PROMOTE MEMBERS BUSINESSES AND BE AN ADVOCATE FOR MEMBERS WITH GOVERNMENT ENTITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Blose President & | Officer | 40 | $83,077 |
David Ayres Director | Trustee | $0 | |
Denyse Bailes-Chubb Director | Trustee | $0 | |
Christopher Bailey Director | Trustee | $0 | |
Khanh-Lien Banko Director | Trustee | $0 | |
Chelsea Barney-Herbert Treasurer | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $198,702 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,254 |
| Total Program Service Revenue | $19,087 |
| Investment income | $0 |
| 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 | $245,341 |
| 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. | $83,077 |
| Compensation of current officers, directors, key employees. | $83,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,838 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,500 |
| Payroll taxes | $10,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $6,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,799 |
| Advertising and promotion | $4,480 |
| Office expenses | $5,685 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,786 |
| Travel | $6,020 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,853 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,154 |
| All other expenses | $0 |
| Total functional expenses | $231,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,534 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $971 |
| Total assets | $54,505 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,213 |
| Total liabilities | $1,213 |
| Net assets without donor restrictions | $53,292 |
| 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 | $54,505 |