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Nonprofiteer
← NORTHWEST FLORIDA BUSINESS DEVELOPMENT COUNCIL INC

Form 990 for tax year 2023

Filed by NORTHWEST FLORIDA BUSINESS DEVELOPMENT COUNCIL INC.

Totals

Total revenue
$463,038
Total expenses
$348,451
Contributions and grants received
$463,038
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$531,982
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$531,982
Program services expenses (Part IX)
$30,654
Management and general expenses
$317,797
Fundraising expenses
$0
Program service expenses (Part III)
$30,654

Program services were 8.8% 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

    $72,141

  • 1e · Government grants (contributions)

    $390,897

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $226,877 · management and general $226,877

  • 13 · Office expenses

    total $6,295 · management and general $6,295

  • 16 · Occupancy

    total $735 · management and general $735

  • 17 · Travel

    total $26,606 · management and general $26,606

  • 20 · Interest

    total $36 · management and general $36

  • 23 · Insurance

    total $2,457 · management and general $2,457

  • 24a · Other expenses: Dues and Subscriptions

    total $7,943 · management and general $7,943

  • 24b · Other expenses: Education and EDO

    total $7,725 · management and general $7,725

  • 24c · Other expenses: Scholarship

    total $30,654 · program services $30,654

  • 24d · Other expenses: Marketing Expense

    total $39,123 · management and general $39,123

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $251,350 · end of year $328,871

  • 3 · Pledges and grants receivable

    beginning of year $166,045 · end of year $203,111

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

    $14,999

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

    $14,999

  • 27 · Net assets without donor restrictions

    beginning of year $417,395 · end of year $531,982

Mission and programs · 2023

Mission

TO PROMOTE BENEFICIAL ECONOMIC GROWTH IN AN 8-COUNTY REGION IN NWFL BY PROVIDING TECHNICAL ASSISTANCE TO ECONOMIC DEVELOPMENT ORGANIZATIONS AND BUSINESSES.

  • PROVIDE TECHNICAL ASSISTANCE TO LOCAL, REGIONAL AND STATE ORGANIZATIONS AND ASSIST WITH ECONOMIC DEVELOPMENT.

    Expenses $30,654 · Revenue $463,037

As filed on the 2023 return.

Listed in Part VII

  • Richard Williams

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 July 2025
IRS schema version
2023v6.0
Source object
202541959349301889

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