Florida Government Finance Officers Association Inc
- Assets
- $997.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 11/2003
- Data as of
- 06/2022
- EIN
- 59-2343053
Organization Overview
Florida Government Finance Officers Association Inc is located in Tallahassee, FL. The organization was established in 2003. 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 a parent organization of an affiliated group for tax-exemption purposes. Florida Government Finance Officers Association 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 06/2022, Florida Government Finance Officers Association Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION, NETWORKING, LEADERSHIP AND INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL CONFERENCE WAS HELD IN ORLANDO THIS YEAR. THE CONFERENCEBROUGHT TOGETHER MEMBERS AND OTHER PUBLIC FINANCE PROFESSIONALS TOIMPROVE AND DEVELOP TECHNICAL AND MANAGERIAL SKILLS. EDUCATIONALWORKSHOPS WERE HELD ON THE MOST CURRENT GOVERNMENTAL FINANCE TOPICS.MEMBERS HAD THE OPPORTUNITY TO EARN CONTINUING EDUCATION HOURS FORTHEIR CERTIFIED PUBLIC ACCOUNTANT LICENSES AND OTHER CERTIFICATIONS.THE CONFERENCE HAD 887 ATTENDEES. TOPICS COVERED THIS YEAR INCLUDEDCLOUD-BASED SOLUTIONS, PROCUREMENT & PURCHASING, GASB UPDATES,PREVENTING & DETECTING FRAUD, REMOTE WORK POLICIES, MINIMUM WAGE LAWAND OTHER VARIOUS TOPICS.
THE SCHOOL OF GOVERNMENTAL FINANCE WAS HELD IN DAYTONA BEACH THIS YEAR.THE SCHOOL ITSELF OFFERED EDUCATIONAL SESSIONS THAT WERE BROKEN INTOTWO SEGMENTS - BASIC/INTERMEDIATE SESSIONS AND INTERMEDIATE/ADVANCEDSESSIONS. A PARTICIPANT COULD REGISTER FOR EITHER OR BOTH SESSIONS. THEBASIC/INTERMEDIATE COURSES WERE TAILORED FOR ALL FINANCIAL SUPPORTSTAFF AND FOR THE STAFF PERSON JUST BEGINNING A CAREER IN GOVERNMENTALFINANCE. THESE PARTICIPANTS WERE EXPOSED TO AN IN-DEPTH STUDY ANDANALYSIS OF BASIC GOVERNMENTAL FINANCE CONCEPTS AND PRINCIPLES. THEINTERMEDIATE/ADVANCED COURSES WERE TAILORED FOR SEASONED FINANCEPROFESSIONALS LOOKING FOR CURRENT INFORMATION ON COMPLEX ISSUES OF THEDAY.HELD IN CONJUNCTION WITH THE SCHOOL, IS THE CERTIFIED GOVERNMENT FINANCE OFFICER (CGFO) REVIEW COURSE AND TESTING.THE BEGINNER BOOT CAMP WAS ALSO HELD DURING THE SCHOOL. THE BEGINNERCOURSE IS AN INTENSE HANDS-ON, WORKSHOP THAT WILL INTRODUCE THE VERYBASICS OF ACCOUNTING AND FINANCIAL REPORTING FOR STATE AND LOCALGOVERNMENTS.CONTINUING PROFESSIONAL EDUCATION CREDIT FOR CPAS AND CGFOS WAS ALSOAVAILABLE FOR ATTENDEES OF THE SCHOOL OR ANY OF THE EDUCATIONAL EVENTSDURING THE SCHOOL.IN ADDITION TO THE VARIETY OF EDUCATIONAL TOPICS COVERED, THE SCHOOLPROVIDED SEVERAL NETWORKING OPPORTUNITIES.A TOTAL OF 230 REGISTRANTS PARTICIPATED IN THE SCHOOL.
THE LEADERSHIP FGFOA CLASS WAS HELD IN ORLANDO THIS YEAR. THE CLASS ISDESIGNED TO SUPPORT AND ENHANCE THE CAPABILITIES OF FLORIDA'S FINANCEOFFICERS. THIS PROGRAM IS PART OF A SERIES OF LEADERSHIP-DIRECTEDPROGRAMS THAT INCLUDES PRE-SEMINAR SESSIONS AT THE ANNUAL CONFERENCEAND THE ESTABLISHMENT OF AN EMERGING LEADERS GROUP. THE PROGRAM FOCUSESON THE PARTIPANTS, THEIR TEAMS, THEIR ORGANIZATIONS AND THEIRINTERACTION WITH THE BROADER GOVERNMENTAL ENVIRONMENT. 18 INDIVIDUALSPARTICIPATED IN THE CLASS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Burns Director | Trustee | 2.38 | $0 |
Bryan E Cahen Mpa Director | Trustee | 2.38 | $0 |
Rip Colvin CPA Cgfo Cpm Director | Trustee | 2.38 | $0 |
Melissa Licourt Director | Trustee | 2.38 | $0 |
Olga Rabel Cgfo Director | Trustee | 2.38 | $0 |
William Spinelli CPA Director | Trustee | 2.38 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $144,700 |
| 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 | $144,700 |
| Total Program Service Revenue | $908,629 |
| Investment income | $538 |
| 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 | $1,053,867 |
| 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 | $128,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,148 |
| Information technology | $2,868 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $966,873 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127 |
| Insurance | $4,557 |
| All other expenses | $183 |
| Total functional expenses | $1,148,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $765,555 |
| Savings and temporary cash investments | $212,298 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,144 |
| 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 | $7,508 |
| Net Land, buildings, and equipment | $64 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $997,569 |
| Accounts payable and accrued expenses | $450,227 |
| 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 | $450,227 |
| Net assets without donor restrictions | $547,342 |
| 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 | $997,569 |