Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $3,196,828 · related or exempt $3,196,828

• 2b · Program service revenue: REGISTRATION/TUITION

  total $1,250,351 · related or exempt $1,250,351

• 2c · Program service revenue: SPONSORSHIPS

  total $338,067 · excluded $338,067

• 2d · Program service revenue: EXHIBITOR FEES

  total $160,125 · excluded $160,125

• 2e · Program service revenue: FRAUDNET.COM

  total $5,000 · unrelated business $5,000

• 3 · Investment income

  total $207,429 · excluded $207,429

• 5 · Royalties

  total $221,996 · excluded $221,996

• 6a · Gross rents

  real property $98,892

• 6b · Less rental expenses

  real property $62,537

• 6c · Rental income or loss

  real property $36,355

• 6d · Net rental income or loss

  total $36,355 · unrelated business $4,632 · excluded $31,723

• 7a · Gross sales of assets other than inventory

  securities $982 · other assets $16,790

• 7b · Less cost or other basis and sales expenses

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $982 · other assets $16,790

• 7d · Net gain or loss

  total $17,772 · excluded $17,772

• 10a · Gross sales of inventory

  $15,218

• 10b · Cost of goods sold

  $4,448

• 10c · Net income from sales of inventory

  total $10,770 · related or exempt $10,770

• 11a · Other revenue: MISCELLANEOUS

  total $132,486 · related or exempt $132,486

• 11b · Other revenue: MANAGEMENT FEES

  total $81,100 · related or exempt $56,100 · unrelated business $25,000

• 11c · Other revenue: ADVERTISING

  total $45,351 · unrelated business $45,351

• 11e · Other revenue, total

  $258,937

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,404,145

• 7 · Other salaries and wages

  total $369,020

• 9 · Other employee benefits

  total $33,389

• 10 · Payroll taxes

  total $152,382

• 11b · Fees: legal

  total $198,765

• 11c · Fees: accounting

  total $26,660

• 11g · Fees: other

  total $272,867

• 12 · Advertising and promotion

  total $4,751

• 13 · Office expenses

  total $126,236

• 14 · Information technology

  total $40,336

• 16 · Occupancy

  total $68,124

• 17 · Travel

  total $128,024

• 19 · Conferences, conventions and meetings

  total $1,263,541

• 22 · Depreciation, depletion and amortization

  total $75,643

• 23 · Insurance

  total $38,441

• 24a · Other expenses: MEALS & ENTERTAINMENT

  total $180,950

• 24b · Other expenses: EQUIPMENT RENTAL & MAIN

  total $176,945

• 24c · Other expenses: EMPLOYEE RETENTION EXPE

  total $42,657

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $34,770

• 24e · All other expenses

  total $116,266

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $954,377 · end of year $1,226,446

• 2 · Savings and temporary cash investments

  beginning of year $1,180,839 · end of year $876,383

• 4 · Accounts receivable

  beginning of year $327,912 · end of year $261,521

• 5 · Loans and receivables from officers and key people

  beginning of year $689,008 · end of year $715,603

• 9 · Prepaid expenses and deferred charges

  beginning of year $161,116 · end of year $177,709

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

  $3,075,839

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

  $2,081,735

• 10c · Land, buildings and equipment, net

  beginning of year $928,501 · end of year $994,104

• 11 · Investments: publicly traded securities

  beginning of year $3,179,408 · end of year $3,160,835

• 15 · Other assets

  beginning of year $2,723,273 · end of year $2,911,886

• 17 · Accounts payable and accrued expenses

  beginning of year $976,193 · end of year $980,046

• 19 · Deferred revenue

  beginning of year $1,728,925 · end of year $1,724,134

• 25 · Other liabilities

  beginning of year $547,756 · end of year $579,260

• 27 · Net assets without donor restrictions

  beginning of year $6,891,560 · end of year $7,041,047

The filer's explanations (Part III)

PART I, LINE 1A

CHAIR TRAVEL: $5,080 TRAVEL FOR COMPANIONS: $2,363 SOCIAL DUES: $3,730

PART I, LINE 4B

ANTHONY DIMARCO $15,645 PAMELA RICCO $13,283 THE ABOVE AMOUNTS REPRESENT THE ACCRUAL FOR 2023. NO AMOUNTS HAVE BEEN PAID OUT UNDER THE PLAN FOR 2023.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• BANCSERV INC

  C · SERVICES TO BANK · FL · 100% owned · share of income $576,420 · share of assets $2,994,400 · controlled entity

  Directly controlled by FLORIDA BANKERS ASSOCIATION INC