Pensacola Bay Area Chamber Of Commerce Inc
- Assets
- $870.7k
- Revenue
- $806.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Pensacola, FL
- Founding
- 01/1953
- Data as of
- 09/2021
- EIN
- 59-0190330
Organization Overview
Pensacola Bay Area Chamber Of Commerce Inc, operating under the name Greater Pensacola Chamber, is located in Pensacola, FL. The organization was established in 1953. 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, Greater Pensacola Chamber employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Pensacola Chamber 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, Greater Pensacola Chamber generated $806.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.0m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) 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
TO BE A CATALYST FOR POSITIVE AND CREATIVE ACTION IN THE PURSUIT OF EXCELLENCE FOR THE PENSACOLA BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILITARY DEVELOPMENT - TO PROMOTE THE ESCAMBIA COUNTY AREA AS A VIABLE ECONOMIC AREA FOR MILITARY OPERATIONS.
PARTNERSHIP SERVICES - THE CHAMBER PROVIDES PROFESSIONAL, PERSONABLE, POSITIVE ASSISTANCE TOWARD BUSINESS SUCCESS IN PENSACOLA TO LONG-STANDING LOCAL COMPANIES, ENTHUSIASTIC ENTREPRENEURS, AND PROSPECTIVE NEW MEMBERS INTERESTED IN GROWING AND CONNECTING WITH EACH OTHER IN OUR REGION.
EXPENSES INCURRED BY THE ORGANIZATION THAT SUPPORT DAILY ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Thomson President | OfficerTrustee | 40 | $107,374 |
Ray Walker Chair | OfficerTrustee | 1 | $0 |
David Deliman Vice Chair | OfficerTrustee | 1 | $0 |
Jennifer Grove Secretary | OfficerTrustee | 1 | $0 |
Fred Robbins Treasurer | OfficerTrustee | 1 | $0 |
Stephen R Moorhead Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $394,840 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $116,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $511,440 |
| Total Program Service Revenue | $279,949 |
| Investment income | $35 |
| 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 | $806,033 |
| 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. | $114,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $403,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,180 |
| Payroll taxes | $96,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,013 |
| Office expenses | $37,989 |
| Information technology | $16,210 |
| Royalties | $0 |
| Occupancy | $53,774 |
| Travel | $2,758 |
| 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 | $19,582 |
| Insurance | $26,367 |
| All other expenses | $26,420 |
| Total functional expenses | $1,001,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,451 |
| Savings and temporary cash investments | $277,981 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,455 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $21,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $311,457 |
| Total assets | $870,733 |
| Accounts payable and accrued expenses | $74,467 |
| 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 | $220,413 |
| Total liabilities | $294,880 |
| Net assets without donor restrictions | $575,853 |
| 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 | $870,733 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pensacola Bay Area Chamber Of Commerce Inc has recieved totaling $26,994.
| Awarding Organization | Amount |
|---|---|
Enterprise Florida Inc Orlando, FL PURPOSE: MILITARY INSTALLATION AFFECTED BY BASE REALIGNMENT | $13,497 |
Enterprise Florida Inc Orlando, FL PURPOSE: MILITARY INSTALLATION AFFECTED BY BASE REALIGNMENT | $13,497 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |
Panama City Beach Convention And Vistors Bureau Inc Panama City Beach, FL | $6,910,172 | $13,906,597 |
Florida Reliability Coordinating Council Tampa, FL | $10,138,227 | $13,874,923 |
Midtown Business Association Inc Atlanta, GA | $4,952,556 | $10,845,776 |
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
Visit Pensacola Inc Pensacola, FL | $2,535,965 | $7,930,486 |
Allinial Global Lawrenceville, GA | $3,508,006 | $7,173,344 |
The Florida Restaurant & Lodging Association Inc Tallahassee, FL | $14,927,226 | $6,472,755 |