Civic Intelligence

Southwest Florida Economic Development Alliance Inc

990 • Fiscal year 2015 • EIN 46-3555592

Jan 01, 2015 to Dec 31, 2015 • Filed on May 13, 2016

4984 Royal Gulf CirFort Myers, FL 33966

(239) 208-7627

Siviq Scores

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

Liabilities / Assets

87th percentile

0.55x

Higher debt load relative to assets than 87% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

93rd percentile

0.70x

Higher debt load relative to revenue than 93% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Net Margin

86th percentile

18%

Higher net margin than 86% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

60th percentile

$83,877

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Asset Growth

80th percentile

19%

Faster asset growth than 80% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

96th percentile

68%

Faster revenue growth than 96% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$516,925

Up $83,190 (+19%) from 2014

Net Assets

Up

$233,078

Up $74,548 (+47%) from 2014

Liabilities

Up

$283,847

Up $8,642 (+3.1%) from 2014

Revenue

Up

$403,096

Up $162,905 (+68%) from 2014

Expenses

Up

$328,548

Up $216,817 (+194%) from 2014

Net Income

Down

$74,548

Down $53,912 (-42%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $433,735Liabilities 2014: $275,205Net Assets 2014: $158,5302014Assets 2015: $516,925Liabilities 2015: $283,847Net Assets 2015: $233,0782015Assets 2016: $429,619Liabilities 2016: $196,911Net Assets 2016: $232,7082016Assets 2017: $324,402Liabilities 2017: $222,432Net Assets 2017: $101,9702017Assets 2018: $233,957Liabilities 2018: $222,779Net Assets 2018: $11,1782018Assets 2019: $7,434Liabilities 2019: $6,000Net Assets 2019: $1,4342019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2015

Assets$516,925
Liabilities$283,847
Net Assets$233,078

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2014: $240,191Expenses 2014: $111,731Net Income 2014: $128,4602014Revenue 2015: $403,096Expenses 2015: $328,548Net Income 2015: $74,5482015Revenue 2016: $453,038Expenses 2016: $453,408Net Income 2016: -$3702016Revenue 2017: $275,905Expenses 2017: $406,643Net Income 2017: -$130,7382017Revenue 2018: $292,689Expenses 2018: $383,481Net Income 2018: -$90,7922018Revenue 2019: $274,811Expenses 2019: $284,555Net Income 2019: -$9,7442019Revenue 2020: $13Expenses 2020: $5,012Net Income 2020: -$4,9992020

Highlighted filing

2015

Revenue$403,096
Expenses$328,548
Net Income$74,548
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 13, 2016
Return Version
2015v2.1
Gross Receipts
$403,096
Mission and Program Overview

Mission

The mission of the alliance is to be a marketing engine representing the five-county region comprising southwest florida to attract businesses to the region. The alliance serves as a non-parochial economic development coordinator to site selectors, real estate consultants and targeted companies, working in collaboration with the local economic development organizations.

To facilitate expansion and relocation opportunities and partner with companies to help grow their business.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$175,084$263,888▲ $88,804
Rtn Earn Endowment Incm Other Fnds$158,530$233,078▲ $74,548
Accounts Receivable$220,000$221,901▲ $1,901
Intangible Assets$35,574$20,204▼ $15,370
Land, Buildings, and Equipment, Net$3,077$7,485▲ $4,408
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$433,735$516,925▲ $83,190
Other Assets Total$0$3,447▲ $3,447
Liabilities
Deferred Revenue$275,000$255,000▼ $20,000
Accounts Payable and Accrued Expenses$205$28,847▲ $28,642
Total Liabilities$275,205$283,847▲ $8,642
Net Assets / Fund Balance
Total Net Assets Fund Balance$158,530$233,078▲ $74,548
Total Liabilities and Net Assets / Fund Balance$433,735$516,925▲ $83,190

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,485$6,825$14,310
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric BerglundPresidentFT$74,415$9,462$83,877

Board Members and Trustees

NameTitle
Laura HolquistChairperson
Alan ReynoldsBoard Member
Christopher SimoneauBoard Member
Denis NoahBoard Member
Dr Ronald TollBoard Member
Dudley GoodletteBoard Member
Gary GriffinBoard Member
Jason KornBoard Member
Mei-mei ChanBoard Member
Glen SalyerEx-officio Member
Larry KikerEx-officio Member
Roger DesjarlaisEx-officio Member
Richard GrantSecretary
Dennie HamiltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$399,940
Program Service Revenue
$0
Investment Income
$756
Other Revenue
$2,400
All Other Contributions
$144,940
Change in Net Assets
$74,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$206,277
Salaries, Compensation, and Employee Benefits$122,271
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$62,908$20,969-$83,877
Advertising$57,026--$57,026
Other Salaries and Wages$4,549$25,778-$30,327
Office Expenses-$30,306-$30,306
Depreciation Depletion$17,962--$17,962
Occupancy-$12,112-$12,112
Travel-$10,700-$10,700
Fees for Services Accounting-$10,365-$10,365
Payroll Taxes$4,310$3,757-$8,067
Conferences and Meetings$5,397--$5,397
Insurance-$2,643-$2,643
Other Expenses$36,354$1,541-$1,541
All Other Expenses-$1,067-$1,067
Total Functional Expenses$188,506$140,042$0$328,548
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

There are 5 types of members for this organization: founding member - those who are identified as such by the board of directors. Cornerstone member - those who make financial and other commitments to the corporation at the highest level, determined by the board of directors. Catalyst member - those members who make financial and other commitments to the corporation at the mid-range level, determined by the board of directors. Business member - those members who make financial and other commitments to the corporation at the lowest range level, determined by the board of directors. Government member - those who are government bodies, agencies, or entities and are identified as such. Only persons or entities which have achieved significant success and public recognition in the fields of business, industry, commerce, education or other professions shall be considered for membership and must be approved by the board of directors.

Form 990, Part VI, Section A, Line 7A

A slate of directors with a number of nominees equal to the number of board positions to be filled shall be prepared by the nominating committee and shall be communicated to the membership in advance of the annual meeting. Members may nominate candidates to serve as directors from the floor at the annual meeting. A number of persons equal to the director positions to be filled who receive the greatest number of votes cast at the membership meeting shall be elected as directors. Election shall not be required for directors who hold their position by virtue of their office or other ex-officio positions on the board. Initially the board shall consist of nine members, but its size may be increased or decreased by the board, from time to time, but shall not be larger than twenty members. Only individuals who are members or persons employed or affiliated with entities which are members may serve.

Form 990, Part VI, Section B, Line 11

A copy of form 990 is not provided to the governing body before it is filed, but is available for their review upon receipt of the return.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Southwest Florida Economic Development
EIN
46-3555592
Phone
2392087627
Address
4984 ROYAL GULF CIR, FORT MYERS, FL 33966

Signing Officer

Name
Eric Berglund
Title
President
Phone
2392087627
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Berglund
Formed
2013
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
26

Preparer

Firm
Markham Norton Mosteller Wright & Co
Address
8961 CONFERENCE DRIVE SUITE 1, FORT MYERS, FL 33919
Preparer
Karen Mosteller
Phone
2394335554
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04549
IRS990/OtherSalariesAndWagesGrp/TotalAmt030327
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03757
IRS990/PayrollTaxesGrp/ProgramServicesAmt04310
IRS990/PayrollTaxesGrp/TotalAmt08067
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ERIC BERGLUND
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0CONTINUED A PRESENCE AT TRADE SHOWS TO CULTIVATE LEADS FOR BRINGING BUSINESSES TO SOUTHWEST FLORIDA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0130024
IRS990/ProgSrvcAccomActy3Grp/Desc0CONDUCTED MEETINGS AND FORUMS TO KEEP THE COMMUNITY ENGAGED AND UNDERSTAND WHY ECONOMIC DIVERSITY AND HIGH PAYING JOBS ARE IMPORTANT FOR SOUTHWEST FLORIDA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt05397
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0232500
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0261
IRS990/PYOtherExpensesAmt0111731
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07430
IRS990/PYRevenuesLessExpensesAmt0128460
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0111731
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0240191
IRS990/ReconcilationRevenueExpnssAmt074548
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0158530
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0233078
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0399940
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0232500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0632440
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0756
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0261
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0756
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0261
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01017
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02400
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07430
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt032570
IRS990ScheduleA/OtherIncome509Grp/TotalAmt042400
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93580
IRS990ScheduleA/PublicSupportPY509Pct00.85240
IRS990ScheduleA/PublicSupportTotal509Amt0632440
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0399940
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0232500
IRS990ScheduleA/Total509Grp/TotalAmt0632440
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0403096
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0240191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt032570
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0675857
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07485
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06825
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014310
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07485
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE 5 TYPES OF MEMBERS FOR THIS ORGANIZATION: FOUNDING MEMBER - THOSE WHO ARE IDENTIFIED AS SUCH BY THE BOARD OF DIRECTORS. CORNERSTONE MEMBER - THOSE WHO MAKE FINANCIAL AND OTHER COMMITMENTS TO THE CORPORATION AT THE HIGHEST LEVEL, DETERMINED BY THE BOARD OF DIRECTORS. CATALYST MEMBER - THOSE MEMBERS WHO MAKE FINANCIAL AND OTHER COMMITMENTS TO THE CORPORATION AT THE MID-RANGE LEVEL, DETERMINED BY THE BOARD OF DIRECTORS. BUSINESS MEMBER - THOSE MEMBERS WHO MAKE FINANCIAL AND OTHER COMMITMENTS TO THE CORPORATION AT THE LOWEST RANGE LEVEL, DETERMINED BY THE BOARD OF DIRECTORS. GOVERNMENT MEMBER - THOSE WHO ARE GOVERNMENT BODIES, AGENCIES, OR ENTITIES AND ARE IDENTIFIED AS SUCH. ONLY PERSONS OR ENTITIES WHICH HAVE ACHIEVED SIGNIFICANT SUCCESS AND PUBLIC RECOGNITION IN THE FIELDS OF BUSINESS, INDUSTRY, COMMERCE, EDUCATION OR OTHER PROFESSIONS SHALL BE CONSIDERED FOR MEMBERSHIP AND MUST BE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A SLATE OF DIRECTORS WITH A NUMBER OF NOMINEES EQUAL TO THE NUMBER OF BOARD POSITIONS TO BE FILLED SHALL BE PREPARED BY THE NOMINATING COMMITTEE AND SHALL BE COMMUNICATED TO THE MEMBERSHIP IN ADVANCE OF THE ANNUAL MEETING. MEMBERS MAY NOMINATE CANDIDATES TO SERVE AS DIRECTORS FROM THE FLOOR AT THE ANNUAL MEETING. A NUMBER OF PERSONS EQUAL TO THE DIRECTOR POSITIONS TO BE FILLED WHO RECEIVE THE GREATEST NUMBER OF VOTES CAST AT THE MEMBERSHIP MEETING SHALL BE ELECTED AS DIRECTORS. ELECTION SHALL NOT BE REQUIRED FOR DIRECTORS WHO HOLD THEIR POSITION BY VIRTUE OF THEIR OFFICE OR OTHER EX-OFFICIO POSITIONS ON THE BOARD. INITIALLY THE BOARD SHALL CONSIST OF NINE MEMBERS, BUT ITS SIZE MAY BE INCREASED OR DECREASED BY THE BOARD, FROM TIME TO TIME, BUT SHALL NOT BE LARGER THAN TWENTY MEMBERS. ONLY INDIVIDUALS WHO ARE MEMBERS OR PERSONS EMPLOYED OR AFFILIATED WITH ENTITIES WHICH ARE MEMBERS MAY SERVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 IS NOT PROVIDED TO THE GOVERNING BODY BEFORE IT IS FILED, BUT IS AVAILABLE FOR THEIR REVIEW UPON RECEIPT OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0433735
IRS990/TotalAssetsEOYAmt0516925
IRS990/TotalAssetsGrp/BOYAmt0433735
IRS990/TotalAssetsGrp/EOYAmt0516925
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0399940
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0140042
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0188506
IRS990/TotalFunctionalExpensesGrp/TotalAmt0328548
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0275205
IRS990/TotalLiabilitiesEOYAmt0283847
IRS990/TotalLiabilitiesGrp/BOYAmt0275205
IRS990/TotalLiabilitiesGrp/EOYAmt0283847
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0158530
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0233078
IRS990/TotalOtherCompensationAmt09462
IRS990/TotalProgramServiceExpensesAmt0188506
IRS990/TotalReportableCompFromOrgAmt074415
IRS990/TotalRevenueGrp/ExclusionAmt0756
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02400
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0403096
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt026
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0433735
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0516925
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt010700
IRS990/TravelGrp/TotalAmt010700
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04984 ROYAL GULF CIR
IRS990/USAddress/CityNm0FORT MYERS
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033966
IRS990/VotingMembersGoverningBodyCnt015

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