Civic Intelligence

Business Development Board of Okeechobee County Inc

990EZ • Fiscal year 2023 • EIN 27-4426593

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 11, 2024

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

55th percentile

0.01x

Higher debt load relative to assets than 55% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.02x

Higher debt load relative to revenue than 58% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

65th percentile

8.5%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

27th percentile

-7.8%

Faster revenue growth than 27% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$148,309

Up $11,667 (+8.5%) from 2022

Net Assets

Up

$146,539

Up $13,486 (+10%) from 2022

Liabilities

Down

$1,770

Down $1,819 (-51%) from 2022

Revenue

Down

$116,195

Down $9,817 (-7.8%) from 2022

Expenses

Up

$102,709

Up $985 (+1.0%) from 2022

Net Income

Down

$13,486

Down $10,802 (-44%) from 2022

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: $133,0532022Assets 2023: $148,309Liabilities 2023: $1,770Net Assets 2023: $146,5392023

Highlighted filing

2023

Assets$148,309
Liabilities$1,770
Net Assets$146,539

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: $24,2882022Revenue 2023: $116,195Expenses 2023: $102,709Net Income 2023: $13,4862023

Highlighted filing

2023

Revenue$116,195
Expenses$102,709
Net Income$13,486
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 11, 2024
Return Version
2023v6.0
Gross Receipts
$116,195
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--
MARIAH PARRIOTTAdministrati-$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
2024-04-11
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 9,464 leadership program event expense 1,535 expenses membership fees 192 office expenses 936 merchant processing fees 1,397 software 5,249 insurance 2,213 non-investment depreciation 43 total 21,029

Form 990-ez, Part II, Line 24

Accounts receivable 58,066 45,505 equipment 3,426 3,426 less accumulated depreciation 3,426 3,426 undeposited funds 0 550 total 58,066 46,055

Form 990-ez, Part II, Line 26

Payroll liabilities 3,589 1,646 other liabilities 0 124

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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0TERRY BURROUGHS
IRS990EZ/BooksInCareOfDetail/PhoneNum08634676246
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt055 S PARROTT AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0OKEECHOBEE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd034972
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt078576
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0102254
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt081940
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt013486
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt08353
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0136642
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0148309
IRS990EZ/GrossReceiptsAmt0116195
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0747
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0133053
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0146539
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0133053
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0146539
IRS990EZ/OccupancyRentUtltsAndMaintAmt05899
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TERRY BURROUGHS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1TABITHA TRENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RUSS BROWN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KEN KELLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MARIAH PARRIOTT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4ADMINISTRATI
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt058066
IRS990EZ/OtherAssetsTotalDetail/EOYAmt046055
IRS990EZ/OtherExpensesTotalAmt021029
IRS990EZ/PoliticalCampaignActyInd0false
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.
IRS990EZ/PrintingPublicationsPostageAmt0941
IRS990EZ/ProgramServiceRevenueAmt033508
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO 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/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt066487
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialConditionDesc0DR3622EM
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03589
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01770
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0102709
IRS990EZ/TotalRevenueAmt0116195
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.OKEECHOBEEBUSINESS.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EVENTS EVENT EXPENSE 9,464 LEADERSHIP PROGRAM EVENT EXPENSE 1,535 EXPENSES MEMBERSHIP FEES 192 OFFICE EXPENSES 936 MERCHANT PROCESSING FEES 1,397 SOFTWARE 5,249 INSURANCE 2,213 NON-INVESTMENT DEPRECIATION 43 TOTAL 21,029
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 58,066 45,505 EQUIPMENT 3,426 3,426 LESS ACCUMULATED DEPRECIATION 3,426 3,426 UNDEPOSITED FUNDS 0 550 TOTAL 58,066 46,055
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAYROLL LIABILITIES 3,589 1,646 OTHER LIABILITIES 0 124
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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY BURROUGHS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08634676246
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUSINESS DEVELOPMENT BOARD OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OKEECHOBEE COUNTY INC
ReturnHeader/Filer/BusinessNameControlTxt0BUSI
ReturnHeader/Filer/EIN0274426593
ReturnHeader/Filer/PhoneNum08634676246
ReturnHeader/Filer/USAddress/AddressLine1Txt055 S PARROTT AVE
ReturnHeader/Filer/USAddress/CityNm0OKEECHOBEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034972
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464296668
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SIMS MUNSON CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0319 N PARROTT AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OKEECHOBEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0349722917
ReturnHeader/PreparerPersonGrp/PhoneNum08634673000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA K SIMS
ReturnHeader/ReturnTs02025-04-22T13:55:31-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings