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Nonprofiteer
← FLORIDAS GREAT NORTHWEST FOUNDATION INC

Form 990 for tax year 2025

Filed by FLORIDAS GREAT NORTHWEST FOUNDATION INC.

Totals

Total revenue
$135,781
Total expenses
$53,475
Contributions and grants received
$24,367
Grants paid
$0
Program service revenue
$70,465
Investment income
$40,949
Other revenue
$0
Total assets, end of year
$1,568,211
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,568,211
Program services expenses (Part IX)
$49,914
Management and general expenses
$3,561
Fundraising expenses
$0
Program service expenses (Part III)
$49,914

Program services were 93.3% 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.

  • 1d · Related organizations

    $4,176

  • 1f · All other contributions, gifts and grants

    $20,191

  • 1g · Noncash contributions included above

    $4,176

  • 2a · Program service revenue: LEADERSHIP NW FL

    total $70,465 · related or exempt $70,465

  • 3 · Investment income

    total $36,447 · excluded $36,447

  • 7a · Gross sales of assets other than inventory

    securities $62,898

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

    securities $58,396

  • 7c · Gain or loss

    securities $4,502

  • 7d · Net gain or loss

    total $4,502 · excluded $4,502

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,500 · management and general $3,500

  • 11f · Fees: investment management

    total $7,958 · program services $7,958

  • 11g · Fees: other

    total $14,673 · program services $14,673

  • 12 · Advertising and promotion

    total $13,395 · program services $13,395

  • 13 · Office expenses

    total $61 · management and general $61

  • 14 · Information technology

    total $1,170 · program services $1,170

  • 19 · Conferences, conventions and meetings

    total $12,718 · program services $12,718

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,072 · end of year $87,387

  • 2 · Savings and temporary cash investments

    beginning of year $73,561 · end of year $82,422

  • 4 · Accounts receivable

    end of year $9,000

  • 11 · Investments: publicly traded securities

    beginning of year $1,217,557 · end of year $1,389,402

  • 27 · Net assets without donor restrictions

    beginning of year $315,812 · end of year $529,150

  • 28 · Net assets with donor restrictions

    beginning of year $1,022,378 · end of year $1,039,061

Mission and programs · 2025

Mission

TO SUPPORT NORTHWEST FLORIDA FORWARD, THE REGIONAL ECONOMIC DEVELOPMENT STRATEGY, BY DRIVING ECONOMIC DIVERSIFICATION IN THE REGION. THE ORGANIZATION WILL PROVIDE RESEARCH, ANALYSIS, INFORMATION, AND EDUCATION ON NORTHWEST FLORIDA'S BUSINESS AND COMMUNITY ASSETS TO ASSIST IN THE ECONOMIC DEVELOPMENT PROCESS.

  • NORTHWEST FLORIDA FORWARD - AWARENESS ABOUT THE BUSINESS AND COMMUNITY ASSETS ACROSS NORTHWEST FLORIDA WAS AMPLIFIED THROUGH THE RESOURCES PROVIDED TO THE FOUNDATION. EDUCATION THROUGH THE FOUNDATION'S TWO MAIN ACTIVITIES, THE NORTHWEST FLORIDA FORWARD REGIONAL STRATEGY FOR ECONOMIC TRANSFORMATION AND LEADERSHIP NORTHWEST FLORIDA, ALLOWS THE ORGANIZATION TO SPREAD AWARENESS OF THE FIVE AREAS OF FOCUS: BUSINESS VITALITY, ENTREPRENEURSHIP AND INNOVATION, INFRASTRUCTURE, TALENT, AND QUALITY OF PLACE. THE FOUNDATION'S ACTIVITIES BUILD AWARENESS AND CREATE STRATEGIES FOR THE REGION TO IMPLEMENT WHICH BUILD A MORE DIVERSIFIED ECONOMY. THIS IS ACCOMPLISHED THROUGH RESEARCH ANALYSIS AND EDUCATION.

    Expenses $49,914 · Revenue $70,465

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott Shamburger

    CHAIR

    Total calculated
    $0
    Hours/week
    5 + 0.25 related

  • Rhea Goff

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    5 + 0.25 related

  • Eddie Thompson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5 + 0.25 related

  • David Harless

    SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 0.25 related

  • Kevin Bowyer

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • John Sumrall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 0.25 related

  • Kc Gartman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 0.25 related

  • Jennifer Conoley

    PRESIDENT & CEO

    Total calculated
    $215,213
    From this org
    $0
    From related orgs
    $187,000
    Other
    $28,213
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,000 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $7,474 related
    Nontaxable benefits
    $0 + $20,739 related
    Filer's total
    $0 + $215,213 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 CEO IS COMPENSATED BY FLORIDA'S GREAT NORTHWEST, INC., THE SUPPORTED ORGANIZATION. THE CEO WAS HIRED THROUGH A COMPETITIVE NATIONAL SEARCH PROCESS AND COMPENSATION WAS BASED ON SIMILAR TYPE ROLES IN THE SOUTHEAST US AND THE CURRENT BUDGET. THE CEO UNDERGOES AN ANNUAL REVIEW PROCESS AND RECEIVES ADDITIONAL COMPENSATION BASED ON THE ANNUAL REVIEW, FEEDBACK FROM THE EXECUTIVE COMMITTEE, AND COST OF LIVING CONSIDERATIONS.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
2 September 2026
IRS schema version
2025v4.2
Source object
202642479349300109

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