Civic Intelligence

Southwest Florida Economic Development Alliance Inc

990 • Fiscal year 2017 • EIN 46-3555592

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

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

94th percentile

0.69x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

0.81x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

5th percentile

-47%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

96th percentile

$101,500

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 36.8% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

14th percentile

-24%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-39%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$324,402

Down $105,217 (-24%) from 2016

Net Assets

Down

$101,970

Down $130,738 (-56%) from 2016

Liabilities

Up

$222,432

Up $25,521 (+13%) from 2016

Revenue

Down

$275,905

Down $177,133 (-39%) from 2016

Expenses

Down

$406,643

Down $46,765 (-10%) from 2016

Net Income

Down

-$130,738

Down $130,368 (-35235%) from 2016

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

2017

Assets$324,402
Liabilities$222,432
Net Assets$101,970

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

2017

Revenue$275,905
Expenses$406,643
Net Income-$130,738
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.2
Gross Receipts
$275,905
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
Accounts Receivable$176,246$195,000▲ $18,754
Cash and Non-Interest-Bearing Accounts$238,971$115,819▼ $123,152
Rtn Earn Endowment Incm Other Fnds$232,708$101,970▼ $130,738
Intangible Assets$4,835--
Land, Buildings, and Equipment, Net$4,413$1,626▼ $2,787
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$429,619$324,402▼ $105,217
Other Assets Total$5,154$11,957▲ $6,803
Liabilities
Deferred Revenue$187,500$220,000▲ $32,500
Accounts Payable and Accrued Expenses$9,411$2,432▼ $6,979
Total Liabilities$196,911$222,432▲ $25,521
Net Assets / Fund Balance
Total Net Assets Fund Balance$232,708$101,970▼ $130,738
Total Liabilities and Net Assets / Fund Balance$429,619$324,402▼ $105,217

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,626$12,684$14,310
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eric BerglundPresidentFT$101,500$101,500

Board Members and Trustees

NameTitle
Gary GriffinChair-elect
Alan ReynoldsChairperson
Laura HolquistChairperson
Aysegul Timur PhdBoard Member
Dr Ronald TollBoard Member
Fred PezeshkanBoard Member
Jason KornBoard Member
Joseph CattiBoard Member
Leo E Ochs JrBoard Member
Michael WynnBoard Member
Robert R JonesBoard Member
Russell SchroppBoard Member
Sarah OwenBoard Member
Andrew I SolisEx-officio Member
Glen SalyerEx-officio Member
John ManningEx-officio Member
Roger DesjarlaisEx-officio Member
Richard GrantSecretary
Mary L AndrewsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$275,397
Program Service Revenue
$0
Investment Income
$508
Other Revenue
$0
All Other Contributions
$147,897
Change in Net Assets
$-130,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,328
Salaries, Compensation, and Employee Benefits$171,315
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$76,125$25,375-$101,500
Advertising$48,413--$48,413
Other Salaries and Wages$6,131$34,740-$40,871
Fees for Services Accounting-$33,240-$33,240
Occupancy-$28,015-$28,015
Other Employee Benefits$6,586$10,917-$17,503
Travel-$15,459-$15,459
Payroll Taxes$6,514$4,927-$11,441
Depreciation Depletion$7,622--$7,622
Information Technology-$6,041-$6,041
Office Expenses-$5,656-$5,656
Insurance-$2,454-$2,454
Conferences and Meetings$1,698--$1,698
Other Expenses$46,115$511-$511
All Other Expenses-$111-$111
Total Functional Expenses$199,204$207,439$0$406,643
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
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 11B

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
Mary L Andrews
Title
Treasurer
Phone
2392087627
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary L Andrews
Formed
2013
Legal Domicile
Fl
Voting Board Members
26
Independent Board Members
26
Employees
3
Volunteers
26

Preparer

Firm
Markham Norton Mosteller Wright & Co
Address
8961 CONFERENCE DRIVE SUITE 1, FORT MYERS, FL 33919
Preparer
Karen Mosteller
Phone
2394335554
Supplemental Narrative

Additional Explanations

Form 990

Section 1.263(a)-1(f) de minimis safe harbor election southwest florida economic development alliance, inc. 4984 royal gulf circle fort myers, fl 33966 employer identification number: 46-3555592 for the year ending december 31, 2017. Southwest florida economic development alliance, inc. Is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).

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IRS990/MissionDesc0THE 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.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0101970
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/TotalAmt028015
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IRS990/OfficeExpensesGrp/TotalAmt05656
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IRS990/OperateHospitalInd00
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARY L ANDREWS
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IRS990/ProgSrvcAccomActy2Grp/Desc0CONTINUED A PRESENCE AT TRADE SHOWS TO CULTIVATE LEADS FOR BRINGING BUSINESSES TO SOUTHWEST FLORIDA.
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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.
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0275397
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0445000
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0232500
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IRS990ScheduleA/InvestmentIncomePYPct00.00160
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014310
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01626
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/ExplanationTxt4SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION SOUTHWEST FLORIDA ECONOMIC DEVELOPMENT ALLIANCE, INC. 4984 ROYAL GULF CIRCLE FORT MYERS, FL 33966 EMPLOYER IDENTIFICATION NUMBER: 46-3555592 FOR THE YEAR ENDING DECEMBER 31, 2017. SOUTHWEST FLORIDA ECONOMIC DEVELOPMENT ALLIANCE, INC. IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990
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IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0429619
IRS990/TotalAssetsEOYAmt0324402

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