Skip to content
Nonprofiteer
← PALMS WEST CHAMBER OF COMMERCE INC

Form 990 for tax year 2024

Filed by PALMS WEST CHAMBER OF COMMERCE INC.

Totals

Total revenue
$353,015
Total expenses
$352,657
Contributions and grants received
$214,780
Grants paid
$0
Program service revenue
$120,235
Investment income
$0
Other revenue
$18,000
Total assets, end of year
$13,960
Total liabilities, end of year
$49,808
Net assets or fund balances, end of year
-$35,848
Program services expenses (Part IX)
$307,542
Management and general expenses
$45,115
Fundraising expenses
not reported
Program service expenses (Part III)
$307,542

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $214,780

  • 2a · Program service revenue: ECONOMIC FORUMS

    total $52,535

  • 2b · Program service revenue: LEADERSHIP

    total $6,925

  • 2c · Program service revenue: COMMUNITY OUTREACH FESTIVALS

    total $41,875

  • 2d · Program service revenue: OTHER

    total $18,900

  • 11a · Other revenue: MANAGEMENT OF HISPANIC CHAMBER

    total $18,000

  • 11e · Other revenue, total

    $18,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $127,123 · program services $120,767 · management and general $6,356

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $41,390 · program services $39,320 · management and general $2,070

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $7,933 · program services $7,536 · management and general $397

  • 10 · Payroll taxes

    total $13,008 · program services $12,358 · management and general $650

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $500 · management and general $500

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $9,350 · program services $7,350 · management and general $2,000

  • 12 · Advertising and promotion

    total $1,696 · program services $1,611 · management and general $85

  • 13 · Office expenses

    total $30,865 · program services $24,692 · management and general $6,173

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $45,510 · program services $31,857 · management and general $13,653

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $19,963 · program services $19,963

  • 20 · Interest

    total $6,330 · program services $164 · management and general $6,166

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $5,852 · program services $4,389 · management and general $1,463

  • 24a · Other expenses: VIP EVENTS

    total $20,179 · program services $20,179

  • 24b · Other expenses: ECONOMIC DEVELOPEMENT

    total $934 · program services $934

  • 24c · Other expenses: HOLIDAY PARADE

    total $12,135 · program services $12,135

  • 24d · Other expenses: BANK AND PAYROLL PROCESSING FEE, MERCHANT CHARGES

    total $5,837 · program services $4,287 · management and general $1,550

  • 24e · All other expenses

    total $4,052 · management and general $4,052

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,574 · end of year $6,916

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,489 · end of year $1,922

  • 10a · Land, buildings and equipment: cost or other basis

    $29,442

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,944

  • 10c · Land, buildings and equipment, net

    beginning of year $498 · end of year $498

  • 15 · Other assets

    beginning of year $18,000 · end of year $4,624

  • 25 · Other liabilities

    beginning of year $63,767 · end of year $49,808

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$36,206 · end of year -$35,848

Mission and programs · 2024

Mission

THE CENTRAL PALM BEACH CHAMBER OF COMMERCE IS A LEADERSHIP ORGANIZATION THAT PASSIONATELY SERVES CENTRAL PALM BEACH COUNTY BY ADVOCATING FOR A HEALTHY BUSINESS ENVIRONMENT, PROVIDING OUTSTANDING MEMBER SERVICES, BENEFITS, EDUCATION AND INFORMATION, THEREBY ENHANCING THE QUALITY OF LIFE IN THE COMMUNITY.

Activities or mission (Part I)

THE CENTRAL PALM BEACH CHAMBER OF COMMERCE MISSION IS TO PROVIDE LEADERSHIP THAT FACILITATES THE CREATION OF A PROSPEROUS REGIONAL ECONOMY AND EFFECTIVE ADVOCACY FOR OUR MEMBERS.

  • MONTHLY MEMBER AND COMMUNITY ECONOMIC LUNCHES THAT FEATURE KEYNOTE SPEAKERS. EDUCATE THE ATTENDEES ON LOCAL, STATE, AND FEDERAL VARIOUS TOPICS THAT IMPACT THE ECONOMY OF OUR COUNTY. PROVIDE OPPORTUNITIES TO NETWORK WITH BUSINESS LEADERS AND OWNERS FROM ACROSS THE COUNTY.

    Expenses $246,034 · Revenue $52,535

  • COMMUNITY OUTREACH ASSISTED BUSINESSES WITH SPECIALIZED WORKSHOPS REGARDING ACCESSING CAPITAL, ECONOMIC DISASTER LOANS, AND WORK FLOW CHANGES. CONTINUED TO OFFER LEADERSHIP PALMS WEST AND RIBBON CUTTING EVENTS.

    Expenses $30,754 · Revenue $41,875

  • VARIOUS EVENTS THAT ALLOWS BUSINESSES TO SHOWCASE THEIR BUINESS TO THE COMMUNITY THEY SERVICE AND TO LEARN AND GROW ON BUSINESS SKILLS INORDER TO HAVE A SUSTAINABLE COMMUNITY.

    Expenses $24,603 · Revenue $18,900

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Lou Bedford

    CEO

    Total calculated
    $127,123
    From this org
    $127,123
    From related orgs
    $0
    Other
    $0
    Hours/week
    50 + 50 related

  • Ilan Kaufer

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    10 + 5 related

  • Michael Stone

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    10 + 5 related

  • Carol Oneil

    TREASURER

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • Pam Tahan

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    10 + 5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
21 August 2025
IRS schema version
2024v5.2
Source object
202512339349300331

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.