Form 990 for tax year 2024
Filed by ECONOMIC COUNCIL OF PALM BEACH COUNTY INC.
Totals
- Total revenue
- $975,710
- Total expenses
- $994,508
- Contributions and grants received
- $939,150
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $36,560
- Other revenue
- $0
- Total assets, end of year
- $1,073,533
- Total liabilities, end of year
- $373,274
- Net assets or fund balances, end of year
- $700,259
- Program services expenses (Part IX)
- $745,880
- Management and general expenses
- $248,628
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $745,880
Program services were 75.0% 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
$723,700
-
1f · All other contributions, gifts and grants
$215,450
-
3 · Investment income
total $36,560 · excluded $36,560
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $328,561 · program services $246,421 · management and general $82,140
-
7 · Other salaries and wages
total $97,489 · program services $73,117 · management and general $24,372
-
9 · Other employee benefits
total $47,299 · program services $35,474 · management and general $11,825
-
10 · Payroll taxes
total $24,193 · program services $18,145 · management and general $6,048
-
11c · Fees: accounting
total $12,375 · program services $9,281 · management and general $3,094
-
11g · Fees: other
total $64,972 · program services $48,729 · management and general $16,243
-
12 · Advertising and promotion
total $9,284 · program services $6,963 · management and general $2,321
-
13 · Office expenses
total $38,908 · program services $29,181 · management and general $9,727
-
14 · Information technology
total $7,959 · program services $5,969 · management and general $1,990
-
17 · Travel
total $176,959 · program services $132,719 · management and general $44,240
-
19 · Conferences, conventions and meetings
total $60,492 · program services $45,369 · management and general $15,123
-
23 · Insurance
total $4,436 · program services $3,327 · management and general $1,109
-
24a · Other expenses: Professional Fees
total $45,651 · program services $34,238 · management and general $11,413
-
24b · Other expenses: Sponsorships
total $23,724 · program services $17,793 · management and general $5,931
-
24c · Other expenses: Annual Dinner
total $16,157 · program services $12,118 · management and general $4,039
-
24d · Other expenses: CEO & Past Chair Events
total $14,031 · program services $10,523 · management and general $3,508
-
24e · All other expenses
total $22,018 · program services $16,513 · management and general $5,505
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $288,220 · end of year $278,593
-
2 · Savings and temporary cash investments
beginning of year $753,442 · end of year $790,002
-
7 · Other notes and loans receivable
beginning of year $19,103 · end of year $4,761
-
9 · Prepaid expenses and deferred charges
beginning of year $257 · end of year $177
-
25 · Other liabilities
beginning of year $341,965 · end of year $373,274
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $719,057 · end of year $700,259
Mission and programs · 2024
Mission
To foster prudent economic growth and improve the quality of lifefor all who live and work in Palm Beach County.
Activities or mission (Part I)
To foster prudent economic growth and improve the quality of life (continued on Schedule O) for all who live and work in Palm Beach County.
-
To educate members, promote sustainable economic growth, and enhance the quality of life for all residents of Palm Beach County.
Expenses $745,880
As filed on the 2024 return.
Listed in Part VII
-
Jack Weir
Executive Committee
- Total calculated
- $0
- Hours/week
- 1
-
Deana Pizzo
Executive Committee
- Total calculated
- $0
- Hours/week
- 2
-
Connor Lynch
Executive Committee
- Total calculated
- $0
- Hours/week
- 3
-
Art Menor
Executive Committee
- Total calculated
- $0
- Hours/week
- 2
-
Chris Duke
Executive Committee
- Total calculated
- $0
- Hours/week
- 2
-
Gary Lesser
Executive Committee
- Total calculated
- $0
- Hours/week
- 1
-
Ava Parker
Executive Committee
- Total calculated
- $0
- Hours/week
- 1
-
Allen Gast
Executive Committee
- Total calculated
- $0
- Hours/week
- 4
-
Scott Hawkins
Executive Committee
- Total calculated
- $0
- Hours/week
- 1
-
Pam Rauch
Executive Committee
- Total calculated
- $0
- Hours/week
- 1
-
Paul Leone
Executive Committee
- Total calculated
- $0
- Hours/week
- 1
-
Ken Tuma
Executive Committee
- Total calculated
- $0
- Hours/week
- 1
-
Michele Jacobs
President
- Total calculated
- $328,561
- From this org
- $328,561
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $288,561
- Bonus
- $40,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $328,561
-
Mark Elhilow
Board Chair
- Total calculated
- $0
- Hours/week
- 4
-
Cliff Hertz
Chair - Elect
- Total calculated
- $0
- Hours/week
- 1
-
Tom Hoban
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Michael Kohner
Treasurer
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Philippe Jeck
General Counsel
- Total calculated
- $0
- Hours/week
- 1
-
Fab Brumley
Immediate Past Chair
- Total calculated
- $0
- Hours/week
- 3
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
Economic Council of Palm Beach Cnty Foundation Inc
501(c)(3) · Support the Foundation Dwyer Awards · FL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503219349322030
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