Foundation For Chamber Economic Partnership
- Assets
- $331.1k
- Revenue
- $298.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Ocala, FL
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 84-2874576
Organization Overview
Foundation For Chamber Economic Partnership is located in Ocala, FL. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Chamber Economic Partnership 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 12/2022, Foundation For Chamber Economic Partnership generated $298.7k in total revenue. All expenses for the organization totaled $82.1k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ACTIVITIES, PROGRAMS, AND INITIATIVES WHICH ADVANCE TALENT DEVELOPMENT, ENTREPRENEURSHIP, AND LEADERSHIP IN THE OCALA METRO AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE ACTIVITIES, PROGRAMS, AND INITIATIVES WHICH ADVANCE TALENT DEVELOPMENT, ENTREPRENEURSHIP, AND LEADERSHIP IN THE OCAL METRO AREA
THE REMOTE INCUBATOR IS A REMOTE WORK SITE FOR THE CEP AND WILL HAVE SPACES FOR ENTREPRENEURS TO GAIN ASSISTANCE IN STARTING AND OR GROWING THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Christianson Chair | Officer | 5 | $0 |
Navroz Saju Treasurer | Officer | 5 | $0 |
Chris Langley Vice Chair | Officer | 5 | $0 |
Dwayne Carlton Director | Trustee | 5 | $0 |
Ken Ausley Director | Trustee | 5 | $0 |
Angie Lewis Director | Trustee | 5 | $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 | $65,280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,280 |
| Total Program Service Revenue | $222,797 |
| Investment income | $1,816 |
| 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 | $298,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,931 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,914 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $82,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $138,000 |
| 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 | $331,140 |
| 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 | $331,140 |
| 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 | $331,140 |
Grants Awarded
Over the last fiscal year, Foundation For Chamber Economic Partnership has awarded $23,531 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HARTFORD FENCE SUPPLY PURPOSE: DISASTER RELIEF | $17,057 |
LARSEN FARMS PURPOSE: DISASTER RELIEF | $6,474 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foundation For Chamber Economic Partnership has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $10,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westside Future Fund Atlanta, GA | $55,374,938 | $4,466,187 |
Catholic Charities Of Central Florida Inc Orlando, FL | $24,415,788 | $11,365,377 |
Cesc Tallahassee, FL | $2,842,233 | $8,438,048 |
Community Action Agency Of Northeast Alabama Inc Rainsville, AL | $2,230,676 | $9,389,918 |
Fulton-Atlanta Community Action Authority Inc Atlanta, GA | $1,160,189 | $9,503,293 |
T3 Labs Atlanta, GA | $9,085,833 | $8,566,316 |
Embrace Families Inc Maitland, FL | $11,608,640 | $10,892,906 |
Gyros For Heroes Foundation Lake Wales, FL | $1,337,269 | $9,515,889 |
Lutheran Social Services Of Northeast Florida Inc Jacksonville, FL | $7,665,329 | $9,370,030 |
Catholic Charities Of The Archdiocese Of Atlanta Inc Smyrna, GA | $7,542,263 | $7,621,704 |
King David Community Center Of Atlanta Inc Norcross, GA | $14,732,900 | $8,925,593 |
Grace Place For Children And Families Inc Naples, FL | $14,396,956 | $6,420,255 |