Form 990 for tax year 2023
Filed by ECONOMIC COUNCIL OF PALM BEACH COUNTY INC.
Totals
- Total revenue
- $811,379
- Total expenses
- $756,905
- Contributions and grants received
- $789,500
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $21,879
- Other revenue
- $0
- Total assets, end of year
- $1,061,022
- Total liabilities, end of year
- $341,965
- Net assets or fund balances, end of year
- $719,057
- Program services expenses (Part IX)
- $524,437
- Management and general expenses
- $232,468
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $524,437
Program services were 69.3% 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
$789,500
-
3 · Investment income
total $21,879 · related or exempt $21,879
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $398,788 · program services $299,091 · management and general $99,697
-
9 · Other employee benefits
total $37,785 · program services $28,339 · management and general $9,446
-
10 · Payroll taxes
total $24,225 · program services $18,169 · management and general $6,056
-
11c · Fees: accounting
total $21,232 · management and general $21,232
-
11d · Fees: lobbying
total $40,050 · management and general $40,050
-
12 · Advertising and promotion
total $8,509 · program services $8,509
-
13 · Office expenses
total $20,099 · program services $15,074 · management and general $5,025
-
14 · Information technology
total $22,475 · program services $16,856 · management and general $5,619
-
17 · Travel
total $3,365 · program services $2,524 · management and general $841
-
19 · Conferences, conventions and meetings
total $19,869 · program services $14,902 · management and general $4,967
-
23 · Insurance
total $4,217 · management and general $4,217
-
24a · Other expenses: Dues and Subscriptions
total $11,951 · program services $11,951
-
24b · Other expenses: CEO & Past Chairs
total $18,499 · program services $18,499
-
24c · Other expenses: Telephone
total $2,225 · program services $1,669 · management and general $556
-
24e · All other expenses
total $123,616 · program services $88,854 · management and general $34,762
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $414,154 · end of year $288,220
-
2 · Savings and temporary cash investments
beginning of year $606,564 · end of year $753,442
-
7 · Other notes and loans receivable
beginning of year $8,879 · end of year $19,103
-
9 · Prepaid expenses and deferred charges
beginning of year $169 · end of year $257
-
25 · Other liabilities
beginning of year $365,181 · end of year $341,965
-
31 · Retained earnings, endowment or other funds
beginning of year $664,585 · end of year $719,057
Mission and programs · 2023
Mission
To promote prudent economic growth and improve quality of life in the Palm Beach County area.
-
Educate members, promote economic growth, improve quality of life in Palm Beach County
Expenses $524,437
As filed on the 2023 return.
Listed in Part VII
-
Michele Jacobs
President
- Total calculated
- $323,564
- From this org
- $323,564
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $283,564
- Bonus
- $40,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $323,564
-
Cliff Hertz
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Fab Brumley
Chair Elect
- Total calculated
- $0
- Hours/week
- 3
-
Jeck Phillipe
General Counsel
- Total calculated
- $0
- Hours/week
- 3
-
Natalie Carron
Programs Director
- Total calculated
- $0
- Hours/week
- 40
-
Pam Rauch
Past Chair
- Total calculated
- $0
- Hours/week
- 3
-
Art Menor
Chair
- Total calculated
- $0
- Hours/week
- 3
-
Michael Kohner
Treasurer
- 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
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202441809349300634
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