South Florida Manufacturers Association<executive Office Pk St
- Assets
- $264.2k
- Revenue
- $691.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Fort Lauderdale, FL
- Founding
- 03/1974
- Data as of
- 06/2024
- EIN
- 59-0936969
Organization Overview
South Florida Manufacturers Association<executive Office Pk St is located in Fort Lauderdale, FL. The organization was established in 1974. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Florida Manufacturers Association<executive Office Pk St 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 06/2024, South Florida Manufacturers Association<executive Office Pk St generated $691.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $740.4k during the year ending 06/2024. While expenses have increased by 5.8% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE MANUFACTURERS THROUGH ADVOCACY, NETWORKING AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY-EACH YEAR, IN CONCERT WITH OTHER REGIONAL MANUFACTURERS ASSOCIATIONS, LEGISLATIVE CHANGES ARE SELECTED FOR THE MANUFACTURING INDUSTRY, HIGHLIGHTING ITEMS OF INTEREST TO THE MANUFACTURING INDUSTRY.
NETWORKING-SFMA HOLDS A NUMBER OF POPULAR NETWORKING EVENTS WHICH INCLUDE: -PLANT TOURS -SOCIALS -GOLF TOURNAMENT -RECOGNITION OF EXCELLENCE AWARDS BANQUET -ANNUAL MEETINGWORKFORCE DEVELOPMENT-FINDING A QUALIFIED WORKFORCE IS ALWAYS A CHALLENGE FOR MANUFACTURERS HERE IN SOUTH FLORIDA. SFMA HELPS MEMBERS BY PROVIDING TRAINING, GRANT ASSISTANCE, JOB FAIRS, NETWORKING AND MUCH MORE.GRANT ASSISTANCE-THE SFMA ASSISTS MEMBERS IN PROCURING GRANT DOLLARS TO OFFSET TRAINING COSTS. IN PREVIOUS YEARS, IT HELPED MEMBERS OBTAIN MORE THAN $500,000 IN GRANT DOLLARS.FLORIDAMAKES-AS PART OF THE MEMBERSHIP, THE SFMA'S MANUFACTURING MEMBERS RECEIVE SOME FLORIDAMAKES BUSINESS ADVISORY SERVICES FOR FREE OR AT SPECIALLY REDUCED MEMBER RATES. FLORIDAMAKES' SOLE MISSION IS TO STRENGTHEN AND ADVANCE FLORIDA'S ECONOMY BY IMPROVING THE COMPETIVENESS, PRODUCTIVITY, AND TECHNOLOGICAL PERFORMANCE OF ITS MANUFACTURING SECTOR. THE SFMA SUPPORTS THEIR MISSION BY PARTNERING TO PROVIDE SERVICES AND SOLUTIONS TO OUR MANUFACTURERS FOCUSED ON THREE PRINCIPLE VALUE STREAMS: TECHNOLOGY ADOPTION, TALENT DEVELOPMENT, AND BUSINESS GROWTH. JOB FAIRS -THE SFMA FROM TIME-TO-TIME PARTNERS WITH LOCAL WORKFORCE DEVELOPMENT BOARDS TO HOST COUNTYWIDE JOB FAIRS FOR MEMBERS FOR RECRUITING. THE SFMA OCCASIONALLY WILL HOST A JOB FAIR AT A LOCAL COLLEGE IN ITS REGION.
TRAINING AND IMPLEMENTATION-THE SFMA'S MANUFACTURERS TRAINING INSTITUTE SPECIALIZES IN THE DEVELOPMENT AND DELIVERY OF TECHNICAL AND EMPLOYABILITY SKILLS TRAINING OFFERING ONSITE AND OPEN ENROLLMENT CLASSES.GRANT ASSISTANCE-THE SFMA ASSISTS MEMBERS IN PROCURING GRANT DOLLARS TO OFFSET TRAINING COSTS. THE SFMA, IN PARTNERSHIP WITH FLORIDAMAKES, ASSISTED MEMBERS IN THE DEVELOPMENT OF TRAINING PLANS AND ITS MEMBERS SUBMIED TRAINING GRANTS TO SECURE FUNDING FROM CAREERSOURCE FLORIDA.FLORIDAMAKES -FLORIDAMAKES IS A STATEWIDE, INDUSTRY-LED, PUBLIC-PRIVATE ORGANIZAON DESIGNED TO HELP GROW MANUFACTURING GDP IN THE STATE OF FLORIDA.PARTNERSHIP. FLORIDAMAKES' SOLE MISSION IS TO STRENGTHEN AND ADVANCE FLORIDA'S ECONOMY BY IMPROVING THE COMPETIVENESS, PRODUCTIVITY, AND TECHNOLOGICAL PERFORMANCE OF ITS MANUFACTURING SECTOR. THE SFMA IS THE OFFICIAL REPRESENTATIVE OF THE FLORIDAMAKES NETWORK IN SOUTH FLORIDA. THE SFMA SUPPORTS THEIR MISSION BY PARTNERING TO PROVIDE SERVICES AND SOLUTIONS TO OUR MANUFACTURERS FOCUSED ON THREE PRINCIPLE VALUE STREAMS: TECHNOLOGY ADOPTION, TALENT DEVELOPMENT, AND BUSINESS GROWTH. AS OF QUARTER 4 OF 2023, THE ECONOMIC IMPACT TO THE SOUTH FLORIDA REGION WAS $2 BILLION DOLLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teri Kaye Treasurer | OfficerTrustee | 2 | $0 |
Donna Bean Chair | OfficerTrustee | 2 | $0 |
Andrea Lara Vice Chair - Manufacturing | OfficerTrustee | 2 | $0 |
Chris Shea Vice Chair - Service | OfficerTrustee | 2 | $0 |
Adam Moran Director | Trustee | 1 | $0 |
Alan L Garey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $320,199 |
| 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 | $320,199 |
| Total Program Service Revenue | $355,806 |
| Investment income | $90 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,374 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $691,469 |
| 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. | $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 | $359,494 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,500 |
| Advertising and promotion | $48,552 |
| Office expenses | $11,685 |
| Information technology | $12,417 |
| Royalties | $0 |
| Occupancy | $7,908 |
| Travel | $5,859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $237,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,797 |
| All other expenses | $0 |
| Total functional expenses | $740,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,365 |
| Savings and temporary cash investments | $11,844 |
| 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 | $264,209 |
| 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 | $21,504 |
| Total liabilities | $21,504 |
| Net assets without donor restrictions | $242,705 |
| 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 | $264,209 |