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Nonprofiteer
← GREATER SARASOTA CHAMBER OF COMMERCE FOUNDATION INC

Form 990 for tax year 2023

Filed by GREATER SARASOTA CHAMBER OF COMMERCE FOUNDATION INC.

Totals

Total revenue
$1,073,885
Total expenses
$1,032,348
Contributions and grants received
$1,060,678
Grants paid
$577,253
Program service revenue
$0
Investment income
$13,207
Other revenue
$0
Total assets, end of year
$1,102,768
Total liabilities, end of year
$55,592
Net assets or fund balances, end of year
$1,047,176
Program services expenses (Part IX)
$1,019,209
Management and general expenses
$13,139
Fundraising expenses
$0
Program service expenses (Part III)
$1,019,209

Program services were 98.7% 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

    $1,060,678

  • 3 · Investment income

    total $13,207 · excluded $13,207

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $577,253 · program services $577,253

  • 11c · Fees: accounting

    total $11,533 · program services $33 · management and general $11,500

  • 11g · Fees: other

    total $358,078 · program services $358,078

  • 12 · Advertising and promotion

    total $2,965 · program services $2,965

  • 13 · Office expenses

    total $1,283 · program services $86 · management and general $1,197

  • 17 · Travel

    total $360 · program services $360

  • 19 · Conferences, conventions and meetings

    total $9,438 · program services $9,438

  • 24a · Other expenses: ADMIN FEE

    total $49,000 · program services $49,000

  • 24b · Other expenses: EVALUATION & RESEARCH

    total $21,695 · program services $21,695

  • 24c · Other expenses: TAXES & LICENSES

    total $442 · management and general $442

  • 24d · Other expenses: STAFF DEVELOPMENT EXPEN

    total $301 · program services $301

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $239,234 · end of year $190,878

  • 2 · Savings and temporary cash investments

    beginning of year $766,721 · end of year $911,890

  • 17 · Accounts payable and accrued expenses

    beginning of year $316 · end of year $55,592

  • 27 · Net assets without donor restrictions

    beginning of year $683,087 · end of year $418,606

  • 28 · Net assets with donor restrictions

    beginning of year $322,552 · end of year $628,570

Mission and programs · 2023

Mission

TO CONDUCT EDUCATIONAL, TRAINING, WORKFORCE AND LEADERSHIP DEVELOPMENT PROGRAMS IN SARASOTA COUNTY

  • LEADERSHIP (THROUGH LEADERSHIP SARASOTA): TRAINING AND DEVELOPMENT OF ADULT AND YOUTH THROUGH LEADERSHIP TRAINING

    Expenses $13,410 · Grants $13,410

  • WORKFORCE (THROUGH CAREEREDGE): INTERNSHIPS, FAST TRACK TRAINING AND SOFT SKILL TRAINING

    Expenses $645,978 · Grants $343,877

  • OPPORTUNITIES FOR ALL INITIATIVE: DESIGNED TO ASSIST SMALL AND MINORITY-LED BUSINESSES NAVIGATE REOURCES, INTERNSHIPS, AND ENTRY-LEVEL OPPORTUNITIES TO HELP THEIR BUSINESS GROW

    Expenses $335,253 · Grants $195,398

  • Expenses $24,568 · Grants $24,568

As filed on the 2023 return.

Listed in Part VII

  • Heather Kasten

    PRESIDENT

    Total calculated
    $250,413
    From this org
    $0
    From related orgs
    $221,352
    Other
    $29,061
    Hours/week
    0.25

    Schedule J breakdown matched by us

    Base
    $0 + $186,352 related
    Bonus
    $0 + $29,000 related
    Other
    $0 + $6,000 related
    Deferred
    $0 + $17,708 related
    Nontaxable benefits
    $0 + $11,353 related
    Filer's total
    $0 + $250,413 related

  • Dan Sidler

    VICE PRESIDENT

    Total calculated
    $116,805
    From this org
    $0
    From related orgs
    $111,508
    Other
    $5,297
    Hours/week
    0.25

  • Emily Walsh

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.25

  • Joe Hembree

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Rob Lane

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Dr Carol Probtsfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

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

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202531289349300338

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