Civic Intelligence

Business Development Board of Okeechobee County Inc

990EZ • Fiscal year 2019 • EIN 27-4426593

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 15, 2020

55 S Parrott AveOkeechobee, FL 34972

(863) 467-6246

Siviq Scores

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

Liabilities / Assets

64th percentile

0.03x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.02x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

78th percentile

16%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

9th percentile

-36%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$81,754

Down $45,651 (-36%) from 2018

Net Assets

Down

$79,087

Down $47,181 (-37%) from 2018

Liabilities

Up

$2,667

Up $1,530 (+135%) from 2018

Revenue

Down

$119,767

Down $25,042 (-17%) from 2018

Expenses

Down

$101,077

Down $9,384 (-8.5%) from 2018

Net Income

Down

$18,690

Down $15,658 (-46%) from 2018

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

2019

Assets$81,754
Liabilities$2,667
Net Assets$79,087

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

2019

Revenue$119,767
Expenses$101,077
Net Income$18,690
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 15, 2020
Return Version
2019v5.0
Gross Receipts
$119,767
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--
ROBERT M KEEFESecretary-$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
2020-10-15
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

Concealed weapons permit class expense 100 leadership program event expense 8,340 expenses advertising 155 office expenses 2,858 web 3,635 credit card fees 1,006 meals 100 insurance 5,002 event expense 11,092 business registration fee 49 total 32,337

Form 990-ez, Part I, Line 20

Prior period adjustment - leadership account -5,713 book / tax depreciation difference -343

Form 990-ez, Part II, Line 24

Accounts receivable 24,531 56,515 equipment 3,426 3,426 less accumulated depreciation 3,426 3,426 undeposited funds 1,297 -1,020 total 25,828 55,495

Form 990-ez, Part II, Line 26

Payroll liabilities 2,644 2,667

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/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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONCEALED WEAPONS PERMIT CLASS EXPENSE 100 LEADERSHIP PROGRAM EVENT EXPENSE 8,340 EXPENSES ADVERTISING 155 OFFICE EXPENSES 2,858 WEB 3,635 CREDIT CARD FEES 1,006 MEALS 100 INSURANCE 5,002 EVENT EXPENSE 11,092 BUSINESS REGISTRATION FEE 49 TOTAL 32,337
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR PERIOD ADJUSTMENT - LEADERSHIP ACCOUNT -5,713 BOOK / TAX DEPRECIATION DIFFERENCE -343
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 24,531 56,515 EQUIPMENT 3,426 3,426 LESS ACCUMULATED DEPRECIATION 3,426 3,426 UNDEPOSITED FUNDS 1,297 -1,020 TOTAL 25,828 55,495
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL LIABILITIES 2,644 2,667
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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
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/TaxPeriodBeginDt02019-01-01
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ReturnHeader/TaxYr02019

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Filings