Civic Intelligence

Business Development Board Of

EIN 27-4426593 • 501(c)6 • Okeechobee, FL

Profile

The business development board of okeechobee county, inc. Will be doing business as the chamber of commerce of okeechobee county. The chamber of commerce of okeechobee county (the "chamber") is a not-for-profit, voluntary organization of business and professional men and women joined together for the purpose of promoting the civic and economic progress of our community. The area's economic well-being is related directly to the caliber of work performed by the chamber.

55 S Parrott AveOkeechobee, FL 34972

www.okeechobeebusiness.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.03x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

67th percentile

0.03x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

80th percentile

19%

Higher net margin than 80% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

82nd percentile

22%

Faster asset growth than 82% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

58th percentile

5.5%

Faster revenue growth than 58% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$136,642

Up $24,575 (+22%) from 2021

Liabilities

Up

$3,589

Up $287 (+8.7%) from 2021

Net Assets

Up

$133,053

Up $24,288 (+22%) from 2021

Revenue

Up

$126,012

Up $6,577 (+5.5%) from 2021

Expenses

Up

$101,724

Up $4,649 (+4.8%) from 2021

Net Income

Up

$24,288

Up $1,928 (+8.6%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2011: $67,649Liabilities 2011: $1,324Net Assets 2011: $66,3252011Assets 2013: $64,558Liabilities 2013: $2,628Net Assets 2013: $61,9302013Assets 2014: $71,145Liabilities 2014: $5,026Net Assets 2014: $66,1192014Assets 2015: $114,734Net Assets 2015: $114,7342015Assets 2016: $107,987Liabilities 2016: $3,908Net Assets 2016: $104,0792016Assets 2018: $127,405Liabilities 2018: $1,137Net Assets 2018: $126,2682018Assets 2019: $81,754Liabilities 2019: $2,667Net Assets 2019: $79,0872019Assets 2020: $89,410Liabilities 2020: $3,249Net Assets 2020: $86,1612020Assets 2021: $112,067Liabilities 2021: $3,302Net Assets 2021: $108,7652021Assets 2022: $136,642Liabilities 2022: $3,589Net Assets 2022: $133,0532022

Highlighted filing

2022

Assets$136,642
Liabilities$3,589
Net Assets$133,053

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2011: $151,167Expenses 2011: $84,842Net Income 2011: $66,3252011Revenue 2013: $81,608Expenses 2013: $75,047Net Income 2013: $6,5612013Revenue 2014: $94,191Expenses 2014: $96,042Net Income 2014: -$1,8512014Revenue 2015: $109,942Expenses 2015: $76,511Net Income 2015: $33,4312015Revenue 2016: $125,387Expenses 2016: $122,237Net Income 2016: $3,1502016Revenue 2018: $144,809Expenses 2018: $110,461Net Income 2018: $34,3482018Revenue 2019: $119,767Expenses 2019: $101,077Net Income 2019: $18,6902019Revenue 2020: $91,928Expenses 2020: $84,854Net Income 2020: $7,0742020Revenue 2021: $119,435Expenses 2021: $97,075Net Income 2021: $22,3602021Revenue 2022: $126,012Expenses 2022: $101,724Net Income 2022: $24,2882022

Highlighted filing

2022

Revenue$126,012
Expenses$101,724
Net Income$24,288

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 15, 2023
Return Version
2022v5.0
Gross Receipts
$126,012
Mission and Program Overview

Mission

The business development board of okeechobee county, inc. Will be doing business as the chamber of commerce of okeechobee county. The chamber of commerce of okeechobee county (the "chamber") is a not-for-profit, voluntary organization of business and professional men and women joined together for the purpose of promoting the civic and economic progress of our community. The area's economic well-being is related directly to the caliber of work performed by the chamber.

Program Services

DescriptionGrantsExpenses
TO ACT AS A SPOKESPERSON FOR THE BUSINESS AND PROFESSIONAL COMMUNITY AND TRANSLATE INTO ACTION THE GROUP THINKING OF ITS MEMBERS, AND TO DELIVER SPECIFIC DEVELOPMENT SERVICES TO ITS MEMBERS AND TO THE COMMUNITY AS A WHOLE.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TERRY BURROUGHSVice Preside-$0--
TABITHA TRENTPresident-$0--
RUSS BROWNTreasurer-$0--
KEN KELLERSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Business Development Board of
EIN
27-4426593
Phone
8634676246
Address
55 S PARROTT AVE, OKEECHOBEE, FL 34972

Signing Officer

Name
Terry Burroughs
Title
Vice President
Phone
8634676246
Signed
2023-09-15
Discuss with paid preparer
Yes

Preparer

Firm
Sims Munson CPA Pllc
Address
319 N PARROTT AVE, OKEECHOBEE, FL 34972-2917
Preparer
Laura K Sims
Phone
8634673000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Events event expense 14,294 leadership program event expense 3,386 expenses membership fees 326 office expenses 1,270 merchant processing fees 1,512 software 5,261 travel 90 insurance 2,120 employee insurance 3,100 non-investment depreciation 43 total 31,402

Form 990-ez, Part II, Line 24

Accounts receivable 25,545 58,066 equipment 3,426 3,426 less accumulated depreciation 3,181 3,426 total 25,790 58,066

Form 990-ez, Part II, Line 26

Payroll liabilities 3,302 3,589

Form 990-ez, Part III

The business development board of okeechobee county, inc. Will be doing business as the chamber of commerce of okeechobee county. The chamber of commerce of okeechobee county (the "chamber") is a not-for-profit, voluntary organization of business and professional men and women joined together for the purpose of promoting the civic and economic progress of our community. The area's economic well-being is related directly to the caliber of work performed by the chamber.

Form 990-ez, Part III, Line 28

To act as a spokesperson for the business and professional community and translate into action the group thinking of its members, and to deliver specific development services to its members and to the community as a whole.

Raw XML Appendix114 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt055 S PARROTT AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0OKEECHOBEE
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IRS990EZ/PrimaryExemptPurposeTxt0THE BUSINESS DEVELOPMENT BOARD OF OKEECHOBEE COUNTY, INC. WILL BE DOING BUSINESS AS THE CHAMBER OF COMMERCE OF OKEECHOBEE COUNTY. THE CHAMBER OF COMMERCE OF OKEECHOBEE COUNTY (THE "CHAMBER") IS A NOT-FOR-PROFIT, VOLUNTARY ORGANIZATION OF BUSINESS AND PROFESSIONAL MEN AND WOMEN JOINED TOGETHER FOR THE PURPOSE OF PROMOTING THE CIVIC AND ECONOMIC PROGRESS OF OUR COMMUNITY. THE AREA'S ECONOMIC WELL-BEING IS RELATED DIRECTLY TO THE CALIBER OF WORK PERFORMED BY THE CHAMBER.
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EVENTS EVENT EXPENSE 14,294 LEADERSHIP PROGRAM EVENT EXPENSE 3,386 EXPENSES MEMBERSHIP FEES 326 OFFICE EXPENSES 1,270 MERCHANT PROCESSING FEES 1,512 SOFTWARE 5,261 TRAVEL 90 INSURANCE 2,120 EMPLOYEE INSURANCE 3,100 NON-INVESTMENT DEPRECIATION 43 TOTAL 31,402
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 25,545 58,066 EQUIPMENT 3,426 3,426 LESS ACCUMULATED DEPRECIATION 3,181 3,426 TOTAL 25,790 58,066
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAYROLL LIABILITIES 3,302 3,589
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BUSINESS DEVELOPMENT BOARD OF OKEECHOBEE COUNTY, INC. WILL BE DOING BUSINESS AS THE CHAMBER OF COMMERCE OF OKEECHOBEE COUNTY. THE CHAMBER OF COMMERCE OF OKEECHOBEE COUNTY (THE "CHAMBER") IS A NOT-FOR-PROFIT, VOLUNTARY ORGANIZATION OF BUSINESS AND PROFESSIONAL MEN AND WOMEN JOINED TOGETHER FOR THE PURPOSE OF PROMOTING THE CIVIC AND ECONOMIC PROGRESS OF OUR COMMUNITY. THE AREA'S ECONOMIC WELL-BEING IS RELATED DIRECTLY TO THE CALIBER OF WORK PERFORMED BY THE CHAMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO ACT AS A SPOKESPERSON FOR THE BUSINESS AND PROFESSIONAL COMMUNITY AND TRANSLATE INTO ACTION THE GROUP THINKING OF ITS MEMBERS, AND TO DELIVER SPECIFIC DEVELOPMENT SERVICES TO ITS MEMBERS AND TO THE COMMUNITY AS A WHOLE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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