First Place Partners Inc
- Assets
- $91.1k
- Revenue
- $77.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 82-1918684
Organization Overview
First Place Partners Inc is located in Pensacola, FL. The organization was established in 2019. 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. First Place Partners 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 12/2022, First Place Partners Inc generated $77.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $140.1k during the year ending 12/2022. 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
PROMOTE ECONOMIC DEVELOPMENT AND JOB CREATION IN ESCAMBIA COUNTY FL AND OTHER COUNTIES INCLUDED IN THE PENSACOLA STANDARD METROPOLITAN STATISTICAL AREA (SMSA)
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE PAST YEAR FIRST PLACE PARTNERS HAS SUPPORTED ECONOMIC AND JOB GROWTH IN ESCAMBIA AND SANTA ROSA COUNTIES IN VARIOUS WAYS - THESE ACTIVITIES WERE A CONTINUATION OF THE PROJECTS STARTED IN 2019. WE PROVIDED DIRECT FUNDING TO SUBSCRIBE TO A NATIONAL DATA BASE TO SHOWCASE THE AVAILABLE SITES AND BUILDINGS IN THE TWO COUNTY REGION. DIRECT FUNDING WAS PROVIDED FOR THE HIRING OF A CONSULTANTING FIRM TO SET-UP APPOINMENTS WITH TARGET COMPANIES AT TRADE SHOWS. WE RESEARCHED AND WROTE A STRATEGIC PLAN FOR FLORIDAWEST - THE ECONOMIC DEVELOPMENT RECRUITMENT ORGANIZATION FOR ESCAMBIA COUNTY. WE ADVOCATED FOR A GOOD ECONOMIC GROWTH POLICY WITH THE FLORIDA LEGISLATURE, SUPPORTING INFRASTRUCTURE FUNDING FOR A NUMBER OF ITEMS RANGING FROM A NEW WASTEWATER TREATMENT PLANT FOR SANTA ROSA COUNTY TO ROAD IMPROVEMENTS FOR AN INDUSTRIAL PARK IN ESCAMBIA COUNTY. IN 2021 WE CONTINUED OUR ADVOCACY OF GOOD ECONOMIC GROWTH AND CONTINUED TO SUPPORT FUNDING FOR INFRASTRUCTURE PROJECTS WITHIN THE TWO COUNTY AREA. AS THE MILITARY HAS A SIGNIFICANT ECONOMIC IMPACT IN THE TWO COUNTY AREA IT IS CRITICAL TO PROTECT AND GROW THE DEFENSE INDUSTRY'S PRESENCE IN ESCAMBIA AND SANTA ROSA COUNTY. WE HAVE PARTNERED WITH FLORIDAWEST TO ENGAGE A CONSULTANT TO PERFORM A STRENGTHS, WEAKNESSES, OPPORTUNITIES, AND THREATS (SWOT) ANALYSIS TARGETING THE DEPARTMENT OF NAVY INSTALLATIONS IN ESCAMBIA AND SANTA ROSA COUNTY. THIS PROCESS WILL SHED LIGHT ON BOTH THE CHALLENGES AND THE OPPORTUNITIES EACH INSTALLATION IS FACING AND WILL GIVE OUR ORGINIZATION VISIBILITY INTO WHERE OUR CAPABILITIES CAN BE BEST LEVERAGED TO SUPPORT NAS PENSACOLA AND NAS WHITING FIELD. IN 2022 THE SWOT ANALYSIS WAS COMPLETED ABD SHARED WITH THE VARIOUS ECONOMIC DEVELOPMENT ORGANIZATIONS IN SANTA ROSA AND ESCAMBIA COUNTIES. IT WAS DETERMINED THAT ANOTHER ORGANIZATION WILL BE FORMED TO ACT ON THE OPPERTUITIES THAT THE ANALYSIS IDENTIFED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Carson President | Officer | 3 | $0 |
Logan Devries Treasurer | Officer | 1 | $0 |
Steve Rhodes Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $52,000 |
| Fundraising events | $0 |
| Related organizations | $25,000 |
| 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 | $77,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $77,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| 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 | $45,688 |
| 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 | $91,250 |
| Advertising and promotion | $0 |
| Office expenses | $160 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,524 |
| All other expenses | $0 |
| Total functional expenses | $140,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,118 |
| Savings and temporary cash investments | $0 |
| 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 | $91,118 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $91,118 |
| Total liabilities and net assets/fund balances | $91,118 |