Greater Sarasota Chamber Of Commerce Foundation Inc
- Assets
- $1.4m
- Revenue
- $947.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 07/2008
- Data as of
- 09/2022
- EIN
- 26-1563145
Organization Overview
Greater Sarasota Chamber Of Commerce Foundation Inc is located in Sarasota, FL. The organization was established in 2008. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Sarasota Chamber Of Commerce Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Greater Sarasota Chamber Of Commerce Foundation Inc generated $947.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.2% each year . All expenses for the organization totaled $947.4k during the year ending 09/2022. While expenses have increased by 45.8% 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.
Since 2019, Greater Sarasota Chamber Of Commerce Foundation Inc has awarded 44 individual grants totaling $871,908. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT EDUCATIONAL, TRAINING, WORKFORCE AND LEADERSHIP DEVELOPMENT PROGRAMS IN SARASOTA COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP (THROUGH LEADERSHIP SARASOTA): TRAINING AND DEVELOPMENT OF ADULT AND YOUTH THROUGH LEADERSHIP TRAINING
WORKFORCE (THROUGH CAREEREDGE): INTERNSHIPS, FAST TRACK TRAINING AND SOFT SKILL TRAINING
OPPORTUNITIES FOR ALL INITIATIVE: DESIGNED TO ASSIST SMALL AND MINORITY-LED BUSINESSES NAVIGATE REOURCES, INTERNSHIPS, AND ENTRY-LEVEL OPPORTUNITIES TO HELP THEIR BUSINESS GROW
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Truitt Chairperson | OfficerTrustee | 0.25 | $0 |
Robert Messick Secretary | OfficerTrustee | 0.25 | $0 |
Rob Lane Treasurer | OfficerTrustee | 0.25 | $0 |
John Cranor Director | Trustee | 0.25 | $0 |
Dr Carol Probtsfeld Director | Trustee | 0.25 | $0 |
Heather Kasten President | Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $843,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $943,001 |
| Total Program Service Revenue | $0 |
| Investment income | $434 |
| 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 | $947,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600,466 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $6,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $269,721 |
| Advertising and promotion | $5,074 |
| Office expenses | $1,862 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,242 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $947,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,153 |
| Savings and temporary cash investments | $1,144,374 |
| 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 | $0 |
| Total assets | $1,374,527 |
| Accounts payable and accrued expenses | $27,844 |
| 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 | $27,844 |
| Net assets without donor restrictions | $722,053 |
| Net assets with donor restrictions | $624,630 |
| 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 | $1,374,527 |
Grants Awarded
Over the last fiscal year, Greater Sarasota Chamber Of Commerce Foundation Inc has awarded $412,026 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
MUSIC COMPOUND PURPOSE: OPPORTUNITIES FOR ALL BUSINESS GRANTS | $7,500 |
FREELAND EDDIE LAW GROUP PURPOSE: OPPORTUNITIES FOR ALL BUSINESS GRANTS | $7,500 |
NEWTOWN NATION PURPOSE: OPPORTUNITIES FOR ALL BUSINESS GRANTS | $7,500 |
BOYS & GIRLS CLUBS OF SARASOTA COUNTY PURPOSE: OPPORTUNITIES FOR ALL OJT REIMBURSEMENTS | $6,109 |
STATE COLLEGE OF FL PURPOSE: CNA TRAINING PROGRAM, MANUFACTURING LEADERSHIP TRAINING, HEALTHCARE LEADERSHIP TRAINING | $58,344 |
TECHNICAL EDUCATION COUNCIL PURPOSE: CORE CONSTRUCTION SKILLS TRAINING, UPSKILLING WORKERS | $25,900 |