Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
Business Development Board of Okeechobee County Inc
990EZ • Fiscal year 2021 • EIN 27-4426593
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.03x
Liabilities / Revenue
61st percentile
Higher debt load relative to revenue than 61% of similar nonprofits.
Net Margin
67th percentile
Higher net margin than 67% of similar nonprofits.
Top Officer Pay
72nd percentile
Higher top officer pay than 72% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
74th percentile
Faster asset growth than 74% of similar nonprofits.
Revenue Growth
73rd percentile
Faster revenue growth than 73% of similar nonprofits.
Balance Sheet
Assets
Up$112,067
Up $22,657 (+25%) from 2020
Net Assets
Up$108,765
Up $22,604 (+26%) from 2020
Liabilities
Up$3,302
Up $53 (+1.6%) from 2020
Revenue And Expenses
Revenue
Up$119,435
Up $27,507 (+30%) from 2020
Expenses
Up$97,075
Up $12,221 (+14%) from 2020
Net Income
Up$22,360
Up $15,286 (+216%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Oct 15, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $119,435
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
| Description | Grants | Expenses |
|---|---|---|
| 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
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| TERRY BURROUGHS | Vice Preside | - | $0 | - | - |
| TABITHA TRENT | President | - | $0 | - | - |
| RUSS BROWN | Treasurer | - | $0 | - | - |
| ROBERT M KEEFE | Secretary | - | $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
- 2022-10-15
- 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
“Leadership program event expense 5,625 expenses advertising 358 office expenses 3,683 web 4,021 credit card fees 1,134 insurance 2,016 employee insurance 3,000 event expense 10,176 membership fees 530 registration fees 61 total 30,604”
Form 990-ez, Part I, Line 20
“Other increases 437 book / tax depreciation difference -193”
Form 990-ez, Part II, Line 24
“Accounts receivable 36,136 25,545 equipment 3,426 3,426 less accumulated depreciation 3,426 3,181 total 36,136 25,790”
Form 990-ez, Part II, Line 26
“Payroll liabilities 3,249 3,302”
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 Appendix117 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | PAULETTE WISE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8634676246 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 55 S PARROTT AVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt | 0 | 55 S PARROTT AVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | OKEECHOBEE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 34972 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 53274 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 86277 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 25000 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 22360 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2596 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 89410 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 112067 |
| IRS990EZ/GrossReceiptsAmt | 0 | 119435 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 72475 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 86161 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 108765 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 86161 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 108765 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 5614 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | TERRY BURROUGHS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | TABITHA TRENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | RUSS BROWN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ROBERT M KEEFE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 36136 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 25790 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 244 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 30604 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 628 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 21960 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 57633 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 3249 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 3302 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 97075 |
| IRS990EZ/TotalRevenueAmt | 0 | 119435 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.OKEECHOBEEBUSINESS.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | LEADERSHIP PROGRAM EVENT EXPENSE 5,625 EXPENSES ADVERTISING 358 OFFICE EXPENSES 3,683 WEB 4,021 CREDIT CARD FEES 1,134 INSURANCE 2,016 EMPLOYEE INSURANCE 3,000 EVENT EXPENSE 10,176 MEMBERSHIP FEES 530 REGISTRATION FEES 61 TOTAL 30,604 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | OTHER INCREASES 437 BOOK / TAX DEPRECIATION DIFFERENCE -193 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS RECEIVABLE 36,136 25,545 EQUIPMENT 3,426 3,426 LESS ACCUMULATED DEPRECIATION 3,426 3,181 TOTAL 36,136 25,790 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PAYROLL LIABILITIES 3,249 3,302 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TERRY BURROUGHS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | VICE PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8634676246 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-10-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BUSINESS DEVELOPMENT BOARD OF |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | OKEECHOBEE COUNTY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BUSI |
| ReturnHeader/Filer/EIN | 0 | 274426593 |
| ReturnHeader/Filer/PhoneNum | 0 | 8634676246 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 55 S PARROTT AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | OKEECHOBEE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 34972 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 464296668 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SIMS MUNSON CPA PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 319 N PARROTT AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | OKEECHOBEE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 349722917 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8634673000 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LAURA K SIMS |
| ReturnHeader/ReturnTs | 0 | 2022-11-15T12:15:22-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | TERRY |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | BURROUGHS |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $112,067
- Liabilities
- $3,302
- Net assets
- $108,765
- Revenue
- $119,435
- Expenses
- $97,075
- Net income
- $22,360