Civic Intelligence

Business Development Board of Okeechobee County Inc

990EZ • Fiscal year 2015 • EIN 27-4426593

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 01, 2016

55 S Parrott AvenueOkeechobee, FL 34974

(863) 467-6246

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

92nd percentile

30%

Higher net margin than 92% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

92nd percentile

61%

Faster asset growth than 92% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

77th percentile

17%

Faster revenue growth than 77% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$114,734

Up $43,589 (+61%) from 2014

Net Assets

Up

$114,734

Up $48,615 (+74%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$109,942

Up $15,751 (+17%) from 2014

Expenses

Down

$76,511

Down $19,531 (-20%) from 2014

Net Income

Up

$33,431

Up $35,282 (+1906%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2015

Assets$114,734
Liabilities-
Net Assets$114,734

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$109,942
Expenses$76,511
Net Income$33,431
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 1, 2016
Return Version
2015v2.1
Gross Receipts
$109,942
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 BURROUGHSPresidentPT$0--
SUSAN GIDDINGSVice PresidePT$0--
RUSS BROWNTreasurerPT$0--
WAYNE CUNNINGHAMSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Business Development Board of
EIN
27-4426593
Phone
8634676246
Address
55 S PARROTT AVENUE, OKEECHOBEE, FL 34974

Signing Officer

Name
Terry Burroughs
Title
President
Phone
8634676246
Signed
2016-09-01
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

Concealed weapons permit class expense 500 leadership program event expense 6,182 expenses advertising 1,386 office expenses 1,657 web cc 322 mileage 847 catering 1,238 business luncheons 27 lodging 684 convention 340 84 insurance 4,115 banking & merchant fees 2,762 membership fees 1,115 corporation fees 221 chamber master expense 3,120 event expense 702 non-investment depreciation 254 total 25,556

Form 990-ez, Part I, Line 20

Book / tax depreciation difference -261

Form 990-ez, Part II, Line 24

Accounts receivable 15,445 30,115 4,078 4,078 less accumulated depreciation 1,295 3,696 total 18,228 30,497

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 5,026 0 other liabilities 0 0

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 Appendix120 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/PersonNm0TERRY BURROUGHS
IRS990EZ/BooksInCareOfDetail/PhoneNum08634676246
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt055 S PARROTT AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0OKEECHOBEE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd034974
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt068362
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherChangesInNetAssetsAmt0-261
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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
IRS990EZ/WebsiteAddressTxt0WWW.OKEECHOBEEBUSINESS.COM
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONCEALED WEAPONS PERMIT CLASS EXPENSE 500 LEADERSHIP PROGRAM EVENT EXPENSE 6,182 EXPENSES ADVERTISING 1,386 OFFICE EXPENSES 1,657 WEB CC 322 MILEAGE 847 CATERING 1,238 BUSINESS LUNCHEONS 27 LODGING 684 CONVENTION 340 84 INSURANCE 4,115 BANKING & MERCHANT FEES 2,762 MEMBERSHIP FEES 1,115 CORPORATION FEES 221 CHAMBER MASTER EXPENSE 3,120 EVENT EXPENSE 702 NON-INVESTMENT DEPRECIATION 254 TOTAL 25,556
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOOK / TAX DEPRECIATION DIFFERENCE -261
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 15,445 30,115 4,078 4,078 LESS ACCUMULATED DEPRECIATION 1,295 3,696 TOTAL 18,228 30,497
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 5,026 0 OTHER LIABILITIES 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5TO 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0319 N PARROTT AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OKEECHOBEE
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ReturnHeader/PreparerPersonGrp/PhoneNum08634673000
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA K SIMS
ReturnHeader/ReturnTs02016-11-14T11:51:15-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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