Florida Retail Federation Inc
- Assets
- $9.4m
- Revenue
- $1.7m
- Investments
- $210.6k
- Employees
- 11
- Location
- Tallahassee, FL
- Founding
- 04/1961
- Data as of
- 12/2021
- EIN
- 59-0878737
Organization Overview
Florida Retail Federation Inc is located in Tallahassee, FL. The organization was established in 1961. 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 12/2021, Florida Retail Federation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Retail Federation 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 12/2021, Florida Retail Federation Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 7 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 FLORIDA RETAIL FEDERATION ADVOCATES, PROMOTES, AND SAFEGUARDS RETAILING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFULLY REPRESENT THE RETAIL INDUSTRY IN LEGISLATURE AND ITS REGULATORY PROCESSES FOR THE STATE OF FLORIDA. SUCCESSFULLY WORK WITH THE PUBLIC SERVICE COMMISSION TO INTERVENE ON BEHALF OF THE RETAILERS IN THE STATE OF FLORIDA WHEN POWER COMPANIES PROPOSE EXORBITANT RATE INCREASES, THEREFORE SAVING RETAILERS MONEY AND IMPROVING THEIR BOTTOM LINES.
PROVIDE RELEVANT INFORMATION TO THE FEDERATION'S MEMBERSHIP AND ALLOW OPPORTUNITIES FOR RETAILERS TO GATHER TOGETHER, RECOGNIZING OUTSTANDING RETAILERS AND LAW ENFORCEMENT OFFICIALS IN THE STATE OF FLORIDA.
PROVIDE COST-SAVING SOLUTIONS TO THE BENEFIT OF THE ORGANIZATION'S 1,434 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott R Shalley President & CEO | OfficerTrustee | 40 | $304,483 |
Lorena Holley VP & General Counsel | 40 | $139,240 | |
Grace Lovett VP Of Gov Affairs | 40 | $128,038 | |
Debbie Crow CFO | Officer | 40 | $124,988 |
Dean Elliott Chair Of Exec Com. | OfficerTrustee | 0.25 | $0 |
Meredith Preloh Board Chair | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $800,261 |
| Investment income | $107,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $138,466 |
| Net Gain/Loss on Asset Sales | $190,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,665,518 |
| 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. | $498,271 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $544,034 |
| Pension plan accruals and contributions | $25,976 |
| Other employee benefits | $60,273 |
| Payroll taxes | $63,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,696 |
| Fees for services: Accounting | $36,660 |
| Fees for services: Lobbying | $160,396 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,631 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $37,192 |
| Information technology | $35,138 |
| Royalties | $0 |
| Occupancy | $19,467 |
| Travel | $40,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,753 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,177 |
| Insurance | $29,059 |
| All other expenses | $10,265 |
| Total functional expenses | $2,036,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,192 |
| Savings and temporary cash investments | $230,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,113 |
| 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 | $50,216 |
| Net Land, buildings, and equipment | $4,226,189 |
| Investments—publicly traded securities | $4,646,098 |
| Investments—other securities | $210,635 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,443,472 |
| Accounts payable and accrued expenses | $222,123 |
| Grants payable | $0 |
| Deferred revenue | $21,291 |
| 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 | $243,414 |
| Net assets without donor restrictions | $9,154,464 |
| Net assets with donor restrictions | $45,594 |
| 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 | $9,443,472 |
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 |