Florida Chamber Of Commerce
- Assets
- $11.3m
- Revenue
- $6.7m
- Investments
- $5.1m
- Employees
- 53
- Location
- Tallahassee, FL
- Founding
- 06/1942
- Data as of
- 10/2020
- EIN
- 59-0248200
Organization Overview
Florida Chamber Of Commerce is located in Tallahassee, FL. The organization was established in 1942. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 10/2020, Florida Chamber Of Commerce employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Chamber Of Commerce 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 10/2020, Florida Chamber Of Commerce generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $7.0m during the year ending 10/2020. While expenses have increased by 1.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCING BUSINESS AS FLORIDA'S RESOURCE CENTER FOR LEADERSHIP, KNOWLEDGE, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
THE FLORIDA CHAMBER TRACKS EACH BILL IDENTIFIED BY OUR BOARD OF DIRECTORS IN THE ANNUAL FLORIDA JOBS AND COMPETITIVENESS AGENDA, AND GRADES LAWMAKERS ON THESE BILLS AT THE CONCLUSION OF THE LEGISLATIVE SESSION. THE FLORIDA CHAMBER'S LEGISLATIVE REPORT CARD IS AN ANNUAL OPPORTUNITY TO RECOGNIZE MEMBERS OF THE FLORIDA LEGISLATURE WHO PLACED MAKING FLORIDA MORE COMPETITIVE THROUGH PRIVATE-SECTOR JOB CREATION ABOVE SPECIAL INTERESTS. THE REPORT CARD ALSO LETS FLORIDA FAMILIES, LOCAL BUSINESSES, TAXPAYERS AND ALL FLORIDIANS KNOW WHO VOTED IN FAVOR OF PRIVATE SECTOR JOB CREATION AND A STRONGER ECONOMY.
THERE IS STENGTH IN NUMBERS AND COLLECTIVE IMPACT CAN ONLY HAPPEN WHEN THE BUSINESS COMMUNITY UNITES. THE FLORIDA CHAMBER'S STATEWIDE GRASSROOTS NETWORK BRINGS TOGETHER BUSINESES, OF ALL SIZES, LOCAL CHAMBERS, ECONOMIC DEVELOPMENT COUNCILS, BUSINESS ASSOCIATIONS AND OTHER STAKEHOLDERS TO STAY INFORMED, ENGAGED AND TAKE ACTION ON IMPORTANT BUSINESS ISSUES ESSENTIAL TO SECURING FLORIDA'S FUTURE.
SEE SCHEDULE O
THE FLORIDA CHAMBER TRACKS EACH BILL IDENTIFIED BY OUR BOARD OF DIRECTORS IN THE ANNUAL FLORIDA JOBS AND COMPETITIVENESS AGENDA, AND GRADES LAWMAKERS ON THESE BILLS AT THE CONCLUSION OF THE LEGISLATIVE SESSION. THE FLORIDA CHAMBER'S LEGISLATIVE REPORT CARD IS AN ANNUAL OPPORTUNITY TO RECOGNIZE MEMBERS OF THE FLORIDA LEGISLATURE WHO PLACED MAKING FLORIDA MORE COMPETITIVE THROUGH PRIVATE-SECTOR JOB CREATION ABOVE SPECIAL INTERESTS. THE REPORT CARD ALSO LETS FLORIDA FAMILIES, LOCAL BUSINESSES, TAXPAYERS AND ALL FLORIDIANS KNOW WHO VOTED IN FAVOR OF PRIVATE SECTOR JOB CREATION AND A STRONGER ECONOMY.
THERE IS STENGTH IN NUMBERS AND COLLECTIVE IMPACT CAN ONLY HAPPEN WHEN THE BUSINESS COMMUNITY UNITES. THE FLORIDA CHAMBER'S STATEWIDE GRASSROOTS NETWORK BRINGS TOGETHER BUSINESES, OF ALL SIZES, LOCAL CHAMBERS, ECONOMIC DEVELOPMENT COUNCILS, BUSINESS ASSOCIATIONS AND OTHER STAKEHOLDERS TO STAY INFORMED, ENGAGED AND TAKE ACTION ON IMPORTANT BUSINESS ISSUES ESSENTIAL TO SECURING FLORIDA'S FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Wilson President/ceo/secretary | OfficerTrustee | 40 | $508,212 |
David Hart Evp Of Government Relations | Officer | 40 | $332,498 |
Alan Holland CFO | Officer | 40 | $262,497 |
Frank Walker VP Of Government Affairs | 40 | $184,569 | |
Steven Gehres Chief Technology Officer | 40 | $156,714 | |
Edie Ousley VP Of Public Affairs | 40 | $139,573 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategic Digital Services Digital Media Srvcs - Cloud Hosting | 10/30/20 | $339,020 |
White & Case Legal Services | 10/30/20 | $243,057 |
White & Case Legal Services | 10/30/20 | $243,057 |
Strategic Digital Services Digital Media Srvcs - Cloud Hosting | 10/30/20 | $339,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $29,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $19,125 |
| Net Rental Income | $6,385 |
| Net Gain/Loss on Asset Sales | $19,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,720,102 |
| Statement of Expenses | |
|---|---|
| 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. | $857,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,768,742 |
| Pension plan accruals and contributions | $311,843 |
| Other employee benefits | $307,188 |
| Payroll taxes | $246,375 |
| Fees for services: Management | $4,516 |
| Fees for services: Legal | $163,292 |
| Fees for services: Accounting | $37,251 |
| Fees for services: Lobbying | $304,151 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,041 |
| Fees for services: Other | $829,582 |
| Advertising and promotion | $22,142 |
| Office expenses | $172,649 |
| Information technology | $112,906 |
| Royalties | $0 |
| Occupancy | $131,278 |
| Travel | $45,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $213,036 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,711 |
| Insurance | $35,713 |
| All other expenses | $0 |
| Total functional expenses | $6,975,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,084,082 |
| Savings and temporary cash investments | $944,793 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,235 |
| 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 | $101,316 |
| Investments—publicly traded securities | $1,300,245 |
| Investments—other securities | $5,146,445 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,900 |
| Total assets | $11,287,883 |
| Accounts payable and accrued expenses | $705,623 |
| Grants payable | $0 |
| Deferred revenue | $595,483 |
| 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 | $1,301,106 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,986,777 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida Chamber Of Commerce has recieved totaling $160,000.
| Awarding Organization | Amount |
|---|---|
Secure Florida's Future Inc Tallahassee, FL PURPOSE: GENERAL SUPPORT | $160,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Gwinnett Chamber Of Commerce Inc Duluth, GA | $6,627,911 | $6,072,892 |
Jacksonville And The Beaches Convention & Visitors Bureau Inc Jacksonville, FL | $1,089,102 | $5,103,594 |
Better Business Bureau Of Palm Beach County Inc West Palm Beach, FL | $4,183,669 | $5,496,948 |
Florida Rv Trade Association Riverview, FL | $9,475,092 | $4,511,413 |