Form 990 for tax year 2022
Filed by PALMS WEST CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $343,108
- Total expenses
- $343,537
- Contributions and grants received
- $215,035
- Grants paid
- $0
- Program service revenue
- $113,169
- Investment income
- $0
- Other revenue
- $14,904
- Total assets, end of year
- $34,199
- Total liabilities, end of year
- $49,783
- Net assets or fund balances, end of year
- -$15,584
- Program services expenses (Part IX)
- $319,876
- Management and general expenses
- $23,661
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $319,876
Program services were 93.1% 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.
-
1b · Membership dues
$215,035
-
2a · Program service revenue: ECONOMIC FORUMS
total $43,600
-
2b · Program service revenue: LEADERSHIP
total $5,750
-
2c · Program service revenue: COMMUNITY OUTREACH FESTIVALS
total $45,750
-
2d · Program service revenue: OTHER
total $18,069
-
11a · Other revenue: OFFICE DEPOT
total $961
-
11b · Other revenue: REWARD POINTS
total $943
-
11c · Other revenue: MANAGEMENT OF HISPANIC CHAMBER
total $13,000
-
11e · Other revenue, total
$14,904
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $127,123 · program services $127,123
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $34,259 · program services $34,259
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $15,732 · program services $15,732
-
10 · Payroll taxes
total $11,921 · program services $11,921
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,000 · program services $2,000 · management and general $1,000
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $10,200 · program services $10,200
-
12 · Advertising and promotion
total $1,414 · program services $1,414
-
13 · Office expenses
total $29,913 · program services $23,930 · management and general $5,983
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $43,913 · program services $30,739 · management and general $13,174
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $19,141 · program services $19,141
-
20 · Interest
total $6,225 · program services $6,225
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $5,221 · program services $3,916 · management and general $1,305
-
24a · Other expenses: VIP EVENTS
total $14,961 · program services $14,961
-
24b · Other expenses: ECONOMIC DEVELOPEMENT
total $3,772 · program services $3,772
-
24c · Other expenses: HOLIDAY PARADE
total $6,166 · program services $6,166
-
24d · Other expenses: BANK AND PAYROLL PROCESSING FEE, MERCHANT CHARGES
total $6,749 · program services $4,550 · management and general $2,199
-
24e · All other expenses
total $3,827 · program services $3,827
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $21,844 · end of year $6,111
-
9 · Prepaid expenses and deferred charges
beginning of year $1,353 · end of year $1,428
-
10a · Land, buildings and equipment: cost or other basis
$29,442
-
10b · Land, buildings and equipment: accumulated depreciation
$28,944
-
10c · Land, buildings and equipment, net
beginning of year $498 · end of year $498
-
15 · Other assets
beginning of year $23,000 · end of year $26,162
-
25 · Other liabilities
beginning of year $61,850 · end of year $49,783
-
31 · Retained earnings, endowment or other funds
beginning of year -$15,155 · end of year -$15,584
Mission and programs · 2022
Mission
THE CENTRAL PALM BEACH CHAMBER OF COMMERCE IS A LEADERSHIP ORGANIZATION THAT PASSIONATELY SERVES CENTRAL PALM BEACH COUNTY BY ADVOCATING FOR A HEALTHY BUSINESS ENVIRONMENT, PROVIDING OUTSTANDING MEMBER SERVICES, BENEFITS, EDUCATION AND INFORMATION, THEREBY ENHANCING THE QUALITY OF LIFE IN THE COMMUNITY.
Activities or mission (Part I)
THE CENTRAL PALM BEACH CHAMBER OF COMMERCE MISSION IS TO PROVIDE LEADERSHIP THAT FACILITATES THE CREATION OF A PROSPEROUS REGIONAL ECONOMY AND EFFECTIVE ADVOCACY FOR OUR MEMBERS.
-
MONTHLY MEMBER AND COMMUNITY ECONOMIC LUNCHES THAT FEATURE KEYNOTE SPEAKERS. EDUCATE THE ATTENDEES ON LOCAL, STATE, AND FEDERAL VARIOUS TOPICS THAT IMPACT THE ECONOMY OF OUR COUNTY. PROVIDE OPPORTUNITIES TO NETWORK WITH BUSINESS LEADERS AND OWNERS FROM ACROSS THE COUNTY.
Expenses $255,900 · Revenue $43,600
-
COMMUNITY OUTREACH ASSISTED BUSINESSES WITH SPECIALIZED WORKSHOPS REGARDING ACCESSING CAPITAL, ECONOMIC DISASTER LOANS, AND WORK FLOW CHANGES. CONTINUED TO OFFER LEADERSHIP PALMS WEST AND RIBBON CUTTING EVENTS.
Expenses $31,988 · Revenue $45,750
-
VARIOUS EVENTS THAT ALLOWS BUSINESSES TO SHOWCASE THEIR BUINESS TO THE COMMUNITY THEY SERVICE AND TO LEARN AND GROW ON BUSINESS SKILLS INORDER TO HAVE A SUSTAINABLE COMMUNITY.
Expenses $25,590 · Revenue $18,069
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mary Lou BedfordMARY LOU BEDFORD
CEO
- Total calculated
- $115,553
- From this org
- $115,553
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50 + 50 related
-
Pam TahanPAM TAHAN
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 2.5 + 2.5 related
-
Michael StoneMICHAEL STONE
VICE CHAIRMAN SECRETARY
- Total calculated
- $0
- Hours/week
- 2.5 + 2.5 related
-
Eddy RodriguezEDDY RODRIGUEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5 + 2.5 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.
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.
-
HISPANIC CHABER OF COMMERCE OF PALM BEACH COUNTY INC
501 C 6 · ECONOMIC OPPORTUNITY · FL
Directly controlled by NONE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303149349301510
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