Form 990 for tax year 2022
Filed by FLORIDA CHAMBER OF COMMERCE FOUNDATION INC.
Totals
- Total revenue
- $4,383,537
- Total expenses
- $2,460,081
- Contributions and grants received
- $2,866,000
- Grants paid
- $5,000
- Program service revenue
- $1,229,575
- Investment income
- $223,416
- Other revenue
- $64,546
- Total assets, end of year
- $9,641,721
- Total liabilities, end of year
- $390,030
- Net assets or fund balances, end of year
- $9,251,691
- Program services expenses (Part IX)
- $2,023,816
- Management and general expenses
- $204,331
- Fundraising expenses
- $231,934
- Program service expenses (Part III)
- $2,023,816
Program services were 82.3% 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.
-
1f · All other contributions, gifts and grants
$2,866,000
-
2a · Program service revenue: SPONSORSHIPS
total $978,800 · excluded $978,800
-
2b · Program service revenue: CONFERENCE REG.
total $250,775 · related or exempt $250,775
-
3 · Investment income
total $82,339 · excluded $82,339
-
5 · Royalties
total $64,469 · excluded $64,469
-
7a · Gross sales of assets other than inventory
securities $845,109
-
7b · Less cost or other basis and sales expenses
securities $704,032
-
7c · Gain or loss
securities $141,077
-
7d · Net gain or loss
total $141,077 · excluded $141,077
-
11a · Other revenue: MISC. REVENUE-RELATED-990
total $77 · related or exempt $77
-
11e · Other revenue, total
$77
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $5,000 · program services $5,000
-
5 · Compensation of officers, directors and key employees
total $317,699 · program services $239,123 · management and general $78,576
-
7 · Other salaries and wages
total $997,008 · program services $806,583 · management and general $33,312 · fundraising $157,113
-
8 · Pension plan contributions
total $39,146 · program services $30,805 · management and general $3,296 · fundraising $5,045
-
9 · Other employee benefits
total $141,000 · program services $109,944 · management and general $9,383 · fundraising $21,673
-
10 · Payroll taxes
total $97,449 · program services $76,685 · management and general $8,205 · fundraising $12,559
-
11b · Fees: legal
total $696 · program services $469 · management and general $136 · fundraising $91
-
11c · Fees: accounting
total $20,087 · program services $10,957 · management and general $5,478 · fundraising $3,652
-
11f · Fees: investment management
total $18,500 · management and general $18,500
-
11g · Fees: other
total $126,109 · program services $112,624 · management and general $8,091 · fundraising $5,394
-
12 · Advertising and promotion
total $11,913 · program services $11,913
-
13 · Office expenses
total $48,376 · program services $41,064 · management and general $4,493 · fundraising $2,819
-
16 · Occupancy
total $31,800 · program services $12,596 · management and general $11,721 · fundraising $7,483
-
17 · Travel
total $49,696 · program services $47,234 · management and general $1,381 · fundraising $1,081
-
19 · Conferences, conventions and meetings
total $513,962 · program services $484,872 · management and general $17,453 · fundraising $11,637
-
23 · Insurance
total $12,554 · program services $11,371 · management and general $710 · fundraising $473
-
24a · Other expenses: PROFESSIONAL DEVELOPMEN
total $9,702 · program services $5,196 · management and general $2,702 · fundraising $1,804
-
24b · Other expenses: MEALS & ENTERTAINMENT
total $8,493 · program services $8,054 · management and general $252 · fundraising $187
-
24c · Other expenses: AWARDS
total $4,464 · program services $3,978 · management and general $292 · fundraising $194
-
24d · Other expenses: DUES, SUBSCRIPTIONS & R
total $3,292 · program services $2,497 · management and general $177 · fundraising $618
-
24e · All other expenses
total $3,135 · program services $2,851 · management and general $173 · fundraising $111
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,762,059 · end of year $4,516,765
-
2 · Savings and temporary cash investments
beginning of year $22,249 · end of year $38,970
-
4 · Accounts receivable
beginning of year $31,357 · end of year $76,835
-
9 · Prepaid expenses and deferred charges
beginning of year $10,750 · end of year $18,400
-
10a · Land, buildings and equipment: cost or other basis
$8,560
-
10b · Land, buildings and equipment: accumulated depreciation
$8,560
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $4,725,910 · end of year $4,953,803
-
15 · Other assets
beginning of year $33,827 · end of year $36,948
-
17 · Accounts payable and accrued expenses
beginning of year $160,938 · end of year $269,799
-
19 · Deferred revenue
beginning of year $12,500 · end of year $2,200
-
25 · Other liabilities
beginning of year $136,608 · end of year $118,031
-
27 · Net assets without donor restrictions
beginning of year $6,408,277 · end of year $7,574,303
-
28 · Net assets with donor restrictions
beginning of year $867,829 · end of year $1,677,388
Mission and programs · 2022
Mission
THE FLORIDA CHAMBER FOUNDATION RESEARCHES LONG TERM ECONOMIC DEVELOPMENT, EDUCATION, QUALITY OF LIFE AND COMPETITIVENESS ISSUES AND MAKES RECOMMENDATIONS THAT WILL HELP GROW AND DIVERSIFY FLORIDA'S ECONOMY WHILE CREATING ECONOMIC OPPORTUNITY AND GOOD JOBS FOR EVERYONE.
Activities or mission (Part I)
WORKING IN PARTNERSHIP WITH STATE BUSINESS LEADERS TO SECURE FLORIDA'S FUTURE.
-
SEE SCHEDULE O
Expenses $2,018,816 · Revenue $25,504
-
SEE SCHEDULE O
Revenue $103,365
-
SEE SCHEDULE O
Expenses $5,000 · Grants $5,000
-
Revenue $121,983
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
TONJUA WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TODD POWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
TED PHILLIPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN TOWLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
STEPHANIE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STACY BAIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHELLY WEIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SAM VERGHESE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SAM STARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RYAN DUFFY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBIN DELAVERGNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT FORSYTHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
RICH KILLION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RAENA WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PHILLIP LANHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAUL SOHL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NICOLE GISLASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NADINE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MONESIA BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL PRESTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL HAGELOH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL ERHARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MIA MCKOWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARK WILSON
PRESIDENT
- Total calculated
- $738,874
- From this org
- $0
- From related orgs
- $683,614
- Other
- $55,260
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $387,945 related
- Bonus
- $0 + $290,500 related
- Other
- $0 + $5,169 related
- Deferred
- $0 + $36,346 related
- Nontaxable benefits
- $0 + $18,914 related
- Filer's total
- $0 + $738,874 related
-
MARGARET DEASON-COUGHLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MADELEINE THAKUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LISA BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LACEY HOFMEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KIM RECKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN CARR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KENT INGLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KATE WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KAREN MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
JOE ANNE HART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JIM MURDAUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAY GALBRAITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
INGRID PIEDRAHITA MORALES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GREG BRITTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ERICK HAWKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ELISHA GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DWAINE STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DOUG DAVIDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
DON KISELEWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAWN BELAMARICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID SWEENEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID ODAHOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID NORTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CYNTHIA O'CONNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER CARMODY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTINE CAUFFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS FLACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CATHERINE YEUTTER
CFO
- Total calculated
- $415,280
- From this org
- $0
- From related orgs
- $365,040
- Other
- $50,240
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $249,668 related
- Bonus
- $0 + $105,000 related
- Other
- $0 + $10,372 related
- Deferred
- $0 + $36,346 related
- Nontaxable benefits
- $0 + $13,894 related
- Filer's total
- $0 + $415,280 related
-
CASEY WELCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CASEY REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CARY PUTRINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CARLOS MALLOL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRYCE MENDENHALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRAULIO COLON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRANDON HARVATH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BOB SWINDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BILL DAGNALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BILL CARLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
AYSEGUL TIMUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ASHLEY PRATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ASHLEY DIETZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ASHLEY BARNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANGELA FALCONETTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANDY WATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANDY GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANANTH PRASAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ALLISON CHASE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ADRIENNE JOHNSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ADAM HASNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KYLE BALTUCH
SR VP ECONOMIC OPPORTUNITY & EARLY LEARNING
- Total calculated
- $135,568
- From this org
- $119,102
- From related orgs
- $0
- Other
- $16,466
- Hours/week
- 40
-
DAVID GILLESPIE
EVP FOUNDATION
- Total calculated
- $156,706
- From this org
- $0
- From related orgs
- $154,039
- Other
- $2,667
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $152,710 related
- Bonus
- $0
- Other
- $0 + $1,329 related
- Deferred
- $0 + $2,667 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $156,706 related
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
None.
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 PRESIDENT AND CFO ARE COMPENSATED BY THE FLORIDA CHAMBER OF COMMERCE. AS SUCH, ALL COMPENSATION IS ESTABLISHED ACCORDING TO THE FLORIDA CHAMBER OF COMMERCE POLICIES AND PROCEDURES.
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.
-
FLORIDA CHAMBER OF COMMERCE INC
501(C)(6) · COMMUNITY INVOLVEMENT · FL
Directly controlled by NO
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 February 2025
- IRS schema version
- 2022v5.0
- Source object
- 202520349349301412
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