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Nonprofiteer
← SUWANNEE RIVER ECONOMIC COUNCIL INC

Form 990 for tax year 2023

Filed by SUWANNEE RIVER ECONOMIC COUNCIL INC.

Totals

Total revenue
$10,626,660
Total expenses
$10,559,133
Contributions and grants received
$8,233,812
Grants paid
$0
Program service revenue
$2,087,401
Investment income
$305,447
Other revenue
$0
Total assets, end of year
$12,104,988
Total liabilities, end of year
$1,403,232
Net assets or fund balances, end of year
$10,701,756
Program services expenses (Part IX)
$9,235,944
Management and general expenses
$1,323,189
Fundraising expenses
$0
Program service expenses (Part III)
$9,235,944

Program services were 87.5% 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.

  • 1e · Government grants (contributions)

    $8,009,556

  • 1f · All other contributions, gifts and grants

    $224,256

  • 2a · Program service revenue: SHIP

    total $2,087,401 · related or exempt $2,087,401

  • 3 · Investment income

    total $298,742 · excluded $298,742

  • 7a · Gross sales of assets other than inventory

    other assets $6,705

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

    other assets $0

  • 7c · Gain or loss

    other assets $6,705

  • 7d · Net gain or loss

    total $6,705 · excluded $6,705

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $308,629 · program services $243,419 · management and general $65,210

  • 7 · Other salaries and wages

    total $2,729,830 · program services $2,140,268 · management and general $589,562

  • 8 · Pension plan contributions

    total $249,802 · program services $176,872 · management and general $72,930

  • 9 · Other employee benefits

    total $491,646 · program services $421,511 · management and general $70,135

  • 10 · Payroll taxes

    total $232,702 · program services $182,714 · management and general $49,988

  • 11c · Fees: accounting

    total $54,247 · management and general $54,247

  • 11g · Fees: other

    total $10,340 · program services $10,340

  • 12 · Advertising and promotion

    total $829 · program services $798 · management and general $31

  • 13 · Office expenses

    total $197,532 · program services $148,680 · management and general $48,852

  • 16 · Occupancy

    total $231,775 · program services $201,241 · management and general $30,534

  • 17 · Travel

    total $122,391 · program services $120,131 · management and general $2,260

  • 22 · Depreciation, depletion and amortization

    total $258,448 · program services $229,503 · management and general $28,945

  • 23 · Insurance

    total $214,424 · program services $126,092 · management and general $88,332

  • 24a · Other expenses: PROGRAM SERVICES

    total $3,928,657 · program services $3,782,264 · management and general $146,393

  • 24b · Other expenses: MEAL SERVICES

    total $778,240 · program services $778,240

  • 24c · Other expenses: REVIEWS & SUBCONTRACTOR

    total $334,355 · program services $334,355

  • 24d · Other expenses: MEDICAL CONSUMABLES

    total $251,665 · program services $251,665

  • 24e · All other expenses

    total $163,621 · program services $87,851 · management and general $75,770

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,620,113 · end of year $1,301,778

  • 2 · Savings and temporary cash investments

    beginning of year $6,360,137 · end of year $7,399,711

  • 3 · Pledges and grants receivable

    beginning of year $1,751,667 · end of year $1,199,866

  • 8 · Inventories for sale or use

    beginning of year $248,789 · end of year $260,568

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,401 · end of year $231,489

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

    $4,960,823

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

    $3,249,247

  • 10c · Land, buildings and equipment, net

    beginning of year $1,614,379 · end of year $1,711,576

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,009,257 · end of year $1,212,785

  • 25 · Other liabilities

    beginning of year $0 · end of year $190,447

  • 27 · Net assets without donor restrictions

    beginning of year $10,634,229 · end of year $10,701,756

Mission and programs · 2023

Mission

TO FURTHER THE EDUCATIONAL, HOUSING, TRANSPORTATION, ECONOMIC AND SOCIAL DEVELOPMENT OF THE CITIZENS OF FLORIDA PRIMARILY WITHIN THE TEN COUNTIES SERVED BY THE SUWANNEE RIVER ECONOMIC COUNCIL, INC. THESE COUNTIES ARE BRADFORD, COLUMBIA, DIXIE, GILCHRIST, HAMILTON, LAFAYETTE, MADISON, SUWANNEE, TAYLOR AND UNION. THIS INCLUDES:1. ADMINISTERING THE PROGRAMS OF THE FLORIDA DEPARTMENT OF ECONOMIC OPPORTUNITY AND OTHER APPROPRIATE AGENCIES IN THE PRIMARILY AFOREMENTIONED TEN COUNTY AREA.2. WORKING WITH THE THREE SIGNIFICANT GROUPS IN THE COMMUNITY; THAT IS, THE POOR, THE PUBLIC SECTOR AND THE PRIVATE SECTOR, TO SEEK OUT, IDENTIFY AND ELIMINATE THE CAUSE OF POVERTY WITHIN THE COMMUNITY.3. MAKING THE ENTIRE COMMUNITY MORE RESPONSIVE TO THE NEEDS AND INTERESTS OF THE POOR BY MOBILIZING AVAILABLE RESOURCES.4. PLANNING AND DEVELOPING A SYSTEM OF PRIORITIES AMONG PROJECTS, ACTIVITIES AND AREAS AS NEEDED FOR THE MOST EFFECTIVE AND EFFICIENT USES OF RESOURCES.

Activities or mission (Part I)

TO EMBRACE A COMMUNITY FULL OF POTENTIAL; AND TO EDUCATE AND MOTIVATE PRESENT AND FUTURE GENERATIONS TO DISCOVER AND REALIZE THE DREAM OF A COMFORTABLE AND PRODUCTIVE LIFESTYLE. OUR CUSTOMERS EMBRACE THE CHALLENGE TO RISE ABOVE THE PERILS OF POVERTY, AND DISCOVER WITHIN THEMSELVES THE COURAGE AND STRENGTH TO SUCCEED.

  • TRANSPORTATION DISADVANTAGED - TRANSPORT ELDERLY AND DISADVANTAGED TO THE DOCTOR, MEDICAL FACILITIES, MEAL SITES, DRUG STORES AND SHOPPING.

    Expenses $2,031,379

  • SPECIAL PROGRAMS FOR THE AGING - CONGREGATE MEAL SITES, HEALTH SUPPORT, HOMEMAKER, HOME DELIVERED MEALS, INTAKE, NUTRITION EDUCATION, OUTREACH, RESPITE, SCREENING, SPECIALIZED MEDICAL EQUIPMENT, SERVICES, SUPPLIES, TELEPHONE REASSURANCE, AND TRANSPORTATION.

    Expenses $1,782,631

  • LOW-INCOME HOME ENERGY ASSISTANCE PROGRAM - ASSISTANCE WITH UTILITY BILLS AND UTILITY CRISIS RESOLUTION.

    Expenses $1,565,215

  • STATE HOUSING INITIATIVES PARTNERSHIP, COMMUNITY CARE FOR THE ELDERLY, COMMUNITY SERVICES BLOCK GRANT, FARMERS' MARKET, EMERGENCY HOME ENERGY ASSISTANCE, LOW-INCOME HOME WATER ASSISTANCE,HOME CARE FOR THE ELDERLY, AND ALZHEIMER'S DISEASE INITIATIVE.

    Expenses $3,856,719 · Revenue $2,087,401

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Tillis

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Karen Cossey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Ricky Lyons

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Oleatha Harris

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Renee Demps

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Barbara Daniels

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Barbara Jo Hewitt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Robby Hollingsworth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Lara Gilbert

    BOARD MEMBER, UNTIL 6/2024

    Total calculated
    $0
    Hours/week
    5

  • Diane Head

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kristy Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tommy Langford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jamie Storey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Alton Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Thomas Demps

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Janice Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jimmy Witt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Frances Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Willie Croft

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Elouise Green

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Robby Roberson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Brian Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Franklin White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Angelia Hopkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Christy Keen

    BOARD MEMBER, AS OF 6/2024

    Total calculated
    $0
    Hours/week
    5

  • Jack Flowers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Adrienne Southall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Barbara Hamric

    DIRECTOR OF FINANCE

    Total calculated
    $137,915
    From this org
    $112,649
    From related orgs
    $0
    Other
    $25,266
    Hours/week
    40

  • Matthew Pearson

    EXECUTIVE DIRECTOR

    Total calculated
    $164,951
    From this org
    $135,538
    From related orgs
    $0
    Other
    $29,413
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,538
    Bonus
    $0
    Other
    $0
    Deferred
    $18,217
    Nontaxable benefits
    $11,196
    Filer's total
    $164,951

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 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND KEY EMPLOYEES INCLUDE A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. THE BOARD USES A SALARY SURVEY TO COMPARE SALARIES OF DIFFERENT POSITIONS.

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
11 March 2025
IRS schema version
2023v6.0
Source object
202500789349300400

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

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