Greater Fort Myers Chamber Of Commerce Foundation Inc
- Assets
- $502.7k
- Revenue
- $7.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Myers, FL
- Founding
- 09/2004
- Data as of
- 06/2021
- EIN
- 65-0502789
Organization Overview
Greater Fort Myers Chamber Of Commerce Foundation Inc is located in Fort Myers, FL. The organization was established in 2004. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Fort Myers Chamber Of Commerce Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Greater Fort Myers Chamber Of Commerce Foundation Inc generated $7.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.5%) each year. All expenses for the organization totaled $10.9k during the year ending 06/2021. 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 MISSION OF THE GREATER FORT MYERS CHAMBER OF COMMERCE FOUNDATION, INC. IS TO SUPPORT AND ASSIST LOCAL EDUCATION AT A VARIETY OF LEVELS IN OUR COMMUNITY. THE FOUNDATION, FOUNDED IN 2004, DOES THIS IN A VARIETY OF WAYS INCLUDING THE FOLLOWING: PROVIDING SCHOLARSHIPS FOR COLLEGE STUDENTS; PROVIDING GRANTS TO EDUCATORS AND EDUCATIONAL INSTITUTIONS; SUPPORTING EDUCATIONAL PROGRAMS; SUPPORTING SEMINARS AND WORKSHOPS OF INTEREST FOR THE BENEFIT OF THE BUSINESS COMMUNITY AND PROVIDING RECOGNITION FOR OUTSTANDING EDUCATORS AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS AND GRANTS FOR STUDENTS, EDUCATORS AND EDUCATIONAL INSTITUTIONS AS WELL AS PROVIDE EDUCATIONAL PROGRAMS, SEMINARS AND WORKSHOPS FOR THE BENEFIT OF THE COMMUNITY. FOR THE FISCAL YEAR ENDED JUNE 30, 2021, THE FOUNDATION AWARDED SEVEN GRANTS/SCHOLARSHIPS TO EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Boy Secretary | OfficerTrustee | 1 | $0 |
Bryan Blackwell Vice-Chair | OfficerTrustee | 1 | $0 |
Joe Mitchell Chair | OfficerTrustee | 1 | $0 |
Colleen Depasquale Executive Di | Officer | 5 | $0 |
Terri Kinsey Director | Trustee | 1 | $0 |
Chrysten Foley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,957 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,847 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,570 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$519 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,100 |
| 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 | $2,850 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $324 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,652 |
| Savings and temporary cash investments | $14,815 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,596 |
| 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 | $343,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23 |
| Other assets | $44,879 |
| Total assets | $502,725 |
| 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 | $104,754 |
| Unsecured mortgages and notes payable | $34,000 |
| Other liabilities | $0 |
| Total liabilities | $138,754 |
| Net assets without donor restrictions | $30,127 |
| Net assets with donor restrictions | $333,844 |
| 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 | $502,725 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Fort Myers Chamber Of Commerce Foundation Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Enterprise Holdings Foundation Saint Louis, MO PURPOSE: PROGRAM SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Gulf Coast Workforce Development Board Inc Panama City, FL | $2,763,305 | $9,285,107 |
Community Action Agency Of South Alabama Daphne, AL | $2,794,375 | $8,517,867 |
Northeast Florida Community Action Agency Inc Jacksonville, FL | $1,884,590 | $8,774,911 |
Broward Healthy Start Coalition Inc Fort Lauderdale, FL | $7,243,529 | $8,773,268 |
A Plus Education Partnership Montgomery, AL | $5,680,033 | $9,890,128 |
Palm Bay Education Group Inc Panama City, FL | $22,445,635 | $7,030,723 |
School Of Arts And Sciences Foundation Inc Tallahassee, FL | $10,374,797 | $7,405,221 |
Lake Worth Christian School Society Inc Boynton Beach, FL | $6,651,410 | $7,849,031 |
Alabama Christian Academy Montgomery, AL | $8,754,762 | $7,432,342 |
Sigsbee Charter School Inc Key West, FL | $19,242,847 | $7,585,354 |
Towers Home Care And Rehabilitation Services Inc Orlando, FL | $3,299,514 | $7,055,692 |