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Nonprofiteer
← GREATER BOCA RATON CHAMBER OF COMMERCE EDUCATION FOUNDATION INC

Form 990 for tax year 2024

Filed by GREATER BOCA RATON CHAMBER OF COMMERCE EDUCATION FOUNDATION INC.

Totals

Total revenue
$182,926
Total expenses
$280,819
Contributions and grants received
$151,480
Grants paid
$151,162
Program service revenue
$0
Investment income
$7
Other revenue
$31,439
Total assets, end of year
$352,546
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$352,546
Program services expenses (Part IX)
$157,644
Management and general expenses
$123,175
Fundraising expenses
$0
Program service expenses (Part III)
$157,644

Program services were 56.1% 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.

  • 1f · All other contributions, gifts and grants

    $151,480

  • 3 · Investment income

    total $7 · excluded $7

  • 8a · Fundraising events: gross income

    $102,369

  • 8b · Fundraising events: direct expenses

    $70,930

  • 8c · Net income from fundraising events

    total $31,439 · excluded $31,439

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $151,162 · program services $151,162

  • 11g · Fees: other

    total $23,992 · management and general $23,992

  • 12 · Advertising and promotion

    total $712 · management and general $712

  • 14 · Information technology

    total $1,645 · management and general $1,645

  • 24a · Other expenses: REIMBURSEMENT TO CHAMBE

    total $91,300 · management and general $91,300

  • 24b · Other expenses: YEA PROGRAM EXPENSES

    total $5,282 · program services $5,282

  • 24c · Other expenses: MERCHANT ACCOUNT FEES

    total $4,611 · management and general $4,611

  • 24d · Other expenses: SPIRIT OF GIVING EXPENS

    total $1,000 · program services $1,000

  • 24e · All other expenses

    total $1,115 · program services $200 · management and general $915

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $147,942 · end of year $50,043

  • 2 · Savings and temporary cash investments

    beginning of year $302,496 · end of year $302,503

  • 27 · Net assets without donor restrictions

    beginning of year $288,756 · end of year $205,964

  • 28 · Net assets with donor restrictions

    beginning of year $161,682 · end of year $146,582

Mission and programs · 2024

Mission

THE MISSION OF THE BOCA RATON CHAMBER OF COMMERCE EDUCATION FOUNDATION (ALSO KNOWN AS GOLDEN BELL EDUCATION FOUNDATION) IS TO SUPPORT BOCA RATON'S PUBLIC SCHOOL SYSTEM BY RAISING AND ADMINISTERING FUNDS FOR EDUCATIONAL PROGRAMS THAT PROMOTE BUSINESS SKILLS FOR GRADE SCHOOL STUDENTS.

Activities or mission (Part I)

TO SUPPORT THE BOCA RATON PUBLIC SCHOOL SYSTEM BY ADMINISTERING FUNDS AND EDUCATIONAL PROGRAMS THAT PROMOTE BUSINESS SKILLS FOR STUDENTS.

  • GRANTS TOTALING $151,162 WERE DONATED TO SCHOOLS AND NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE EDUCATIONAL SCHOLARSHIPS AND PROMOTE THE ARTS.

    Expenses $151,162 · Grants $151,162

  • YOUNG ENTREPRENEURS ACADEMY PROGRAM ("YEA PROGRAM") IS A PROGRAM THAT TEACHES MIDDLE AND HIGH SCHOOL STUDENTS ABOUT BUSINESS. THE PROGRAM INCLUDES CLASSES ON DEVELOPING BUSINESS IDEAS, WRITING BUSINESS PLANS, CONDUCTING MARKET RESEARCH, SELLING BUSINESS PLANS TO A PANEL OF INVESTORS, AND ACTUALLY LAUNCHING AND RUNNING A FULLY FORMED INCORPORATED COMPANY.

    Expenses $6,482

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bob Frare

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chuck Stout

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Elke Bojes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Jager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lise Orr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michelle Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Murdoch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Susan Saturday

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Seth Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Timothy Snow

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Troy McLellan

    SECRETARY

    Total calculated
    $287,659
    From this org
    $0
    From related orgs
    $287,659
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,895 related
    Bonus
    $0 + $46,557 related
    Other
    $0 + $2,207 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $287,659 related
  • Diane Heard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Zoe Maloney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jackie Reeves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Damian England

    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. 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

  • VERDE K-8 SCHOOL

    $22,278

    SCHOLARSHIP GRANT TO INNOVATE EDUCATION PROGRAMS

  • CORAL SUNSET ELEMENTARY SCHOOL

    $14,612

    SCHOLARSHIP GRANT TO INNOVATE EDUCATION PROGRAMS

  • BOCA RATON ELEMENTARY SCHOOL

    $11,554

    SCHOLARSHIP GRANT TO INNOVATE EDUCATION PROGRAMS

  • ADDISON MIZNER ELEMENTARY SCHOOL

    $7,725

    SCHOLARSHIP GRANT TO INNOVATE EDUCATION PROGRAMS

  • DONOR DESIGNATION FOR GENERAL SUPPORT

  • DONOR DESIGNATION FOR GENERAL SUPPORT

  • JC MITCHELL ELEMENTARY SCHOOL

    $6,795

    SCHOLARSHIP GRANT TO INNOVATE EDUCATION PROGRAMS

  • HAMMOCK POINTE ELEMENTARY SCHOOL

    $6,590

    SCHOLARSHIP GRANT TO INNOVATE EDUCATION PROGRAMS

  • SCHOLARSHIP GRANT TO INNOVATE EDUCATION PROGRAMS

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 April 2026
IRS schema version
2024v5.5
Source object
202621109349301207

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