Civic Intelligence

Community Economic Development Assoc D/B/A Floridawest Economic Development

990 • Fiscal year 2017 • EIN 47-1954665

Oct 01, 2016 to Sep 30, 2017 • Filed on Mar 21, 2018

Organization Profilewww.floridawesteda.com
PO Box 1992Pensacola, FL 32591-1992

(850) 898-2201

Siviq Scores

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

Liabilities / Assets

31st percentile

0.06x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

24th percentile

0.04x

Higher debt load relative to revenue than 24% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

68th percentile

8.5%

Higher net margin than 68% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$195,284

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 18.4% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

80th percentile

18%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-14%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$660,768

Up $98,455 (+18%) from 2016

Net Assets

Up

$619,210

Up $90,658 (+17%) from 2016

Liabilities

Up

$41,558

Up $7,797 (+23%) from 2016

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin68th percentile

Revenue

Down

$1,060,494

Down $169,769 (-14%) from 2016

Expenses

Up

$969,836

Up $74,500 (+8.3%) from 2016

Net Income

Down

$90,658

Down $244,269 (-73%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $223,621Liabilities 2015: $29,996Net Assets 2015: $193,6252015Assets 2016: $562,313Liabilities 2016: $33,761Net Assets 2016: $528,5522016Assets 2017: $660,768Liabilities 2017: $41,558Net Assets 2017: $619,2102017Assets 2018: $735,111Liabilities 2018: $38,422Net Assets 2018: $696,6892018Assets 2019: $687,732Liabilities 2019: $46,886Net Assets 2019: $640,8462019Assets 2020: $683,155Liabilities 2020: $104,703Net Assets 2020: $578,4522020Assets 2021: $663,389Liabilities 2021: $70,398Net Assets 2021: $592,9912021Assets 2022: $509,626Liabilities 2022: $61,899Net Assets 2022: $447,7272022Assets 2023: $929,668Liabilities 2023: $475,081Net Assets 2023: $454,5872023Assets 2024: $1,813,239Liabilities 2024: $348,931Net Assets 2024: $1,464,3082024

Highlighted filing

2017

Assets$660,768
Liabilities$41,558
Net Assets$619,210
Open 2017 Filing

Operations Trend

Revenue Growth10th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2015: $1,057,950Expenses 2015: $864,325Net Income 2015: $193,6252015Revenue 2016: $1,230,263Expenses 2016: $895,336Net Income 2016: $334,9272016Revenue 2017: $1,060,494Expenses 2017: $969,836Net Income 2017: $90,6582017Revenue 2018: $1,059,035Expenses 2018: $1,003,556Net Income 2018: $55,4792018Revenue 2019: $1,136,016Expenses 2019: $1,191,859Net Income 2019: -$55,8432019Revenue 2020: $1,187,892Expenses 2020: $1,250,286Net Income 2020: -$62,3942020Revenue 2021: $1,371,951Expenses 2021: $1,357,412Net Income 2021: $14,5392021Revenue 2022: $1,163,356Expenses 2022: $1,308,620Net Income 2022: -$145,2642022Revenue 2023: $1,184,018Expenses 2023: $1,177,158Net Income 2023: $6,8602023Revenue 2024: $1,899,003Expenses 2024: $1,279,134Net Income 2024: $619,8692024

Highlighted filing

2017

Revenue$1,060,494
Expenses$969,836
Net Income$90,658
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Mar 21, 2018
Return Version
2016v3.0
Gross Receipts
$1,060,494
Mission and Program Overview

Mission

Promote business development in Pensacola and Escambia County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$470,043$540,110▲ $70,067
Land, Buildings, and Equipment, Net$60,104$106,890▲ $46,786
Prepaid Expenses and Deferred Charges$9,375$9,375→ $0
Accounts Receivable$22,791$3,393▼ $19,398
Total Assets$562,313$660,768▲ $98,455
Other Assets Total$0$1,000▲ $1,000
Liabilities
Accounts Payable and Accrued Expenses$33,761$41,558▲ $7,797
Total Liabilities$33,761$41,558▲ $7,797
Net Assets / Fund Balance
Unrestricted Net Assets$528,552$619,210▲ $90,658
Total Net Assets Fund Balance$528,552$619,210▲ $90,658
Total Liabilities and Net Assets / Fund Balance$562,313$660,768▲ $98,455

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$49,910$16,245$66,155
Leasehold Improvements$56,980$4,070$61,050
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott LuthCEOFT$167,596$27,688$195,284

Board Members and Trustees

NameTitle
Jim WaitePresident
Bonita PlayerDirector
Donnie McMahonDirector
Jim GrimesDirector
Karen SindelDirector
Lewis Bear JrDirector
Rebecca FergusonDirector
Wendell SmithDirector
Tim HaagSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$950,000
Program Service Revenue
$107,503
Investment Income
$0
Other Revenue
$2,991
Change in Net Assets
$90,658

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,060,494
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,060,494
Total Revenue per Form 990
$1,060,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$540,283
Other Expenses$429,553
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$299,386$135,533-$434,919
Occupancy$42,875$45,340-$88,215
Advertising$70,822--$70,822
Fees for Services Other$59,050--$59,050
Office Expenses$28,854$27,249-$56,103
Other Employee Benefits$46,790--$46,790
Travel$33,993$11,518-$45,511
Payroll Taxes$42,957--$42,957
Fees for Services Accounting-$35,702-$35,702
Depreciation Depletion-$17,334-$17,334
Pension Plan Contributions$15,617--$15,617
All Other Expenses$8,127$2,068-$10,195
Conferences and Meetings$8,953--$8,953
Fees for Services Legal-$8,250-$8,250
Other Expenses$7,755--$7,755
Insurance-$2,882-$2,882
Total Functional Expenses$683,960$285,876$0$969,836

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$969,836
Total Expenses per Audited Statements$969,836
Total Expenses per Form 990$969,836
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
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 B, line 11B

“A copy of the 990 is presented to the Board for approval before the return is filed.”

Form 990, Part VI, Section B, line 15A

“The Organization uses salary data from ACCE, IEDC and DMO to determine salary ranges. The amounts are re-evaluated every two years.”

Form 990, Part VI, Section C, line 19

“The Organization's governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Community Economic Development Assoc
EIN
47-1954665
Phone
8508982201
Address
PO Box 1992, Pensacola, FL 32591-1992
Doing Business As
FloridaWest Economic Development

Signing Officer

Name
Scott Luth
Title
CEO
Phone
8508982201
Signed
2018-03-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Luth
Formed
2014
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
11
Volunteers
0

Preparer

Firm
Saltmarsh Cleaveland & Gund
Address
900 North 12th Avenue, Pensacola, FL 32501
Preparer
David Lister CPA
Phone
8504358300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The Board of Directors assumes responsibility for oversight of the audit. This process has not changed from prior year.”

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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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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt049910
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016245
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066155
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0969836
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt056980
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04070
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt061050
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01060494
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0106890
IRS990ScheduleD/TotalExpensesPerForm990Amt0969836
IRS990ScheduleD/TotalRevenuePerForm990Amt01060494
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01060494
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0969836
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0167596
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06499
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt021189
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Scott Luth
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0195284
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the 990 is presented to the Board for approval before the return is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization uses salary data from ACCE, IEDC and DMO to determine salary ranges. The amounts are re-evaluated every two years.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization's governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors assumes responsibility for oversight of the audit. This process has not changed from prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0562313
IRS990/TotalAssetsEOYAmt0660768
IRS990/TotalAssetsGrp/BOYAmt0562313
IRS990/TotalAssetsGrp/EOYAmt0660768
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0950000
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0285876
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0683960
IRS990/TotalFunctionalExpensesGrp/TotalAmt0969836
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt033761
IRS990/TotalLiabilitiesEOYAmt041558
IRS990/TotalLiabilitiesGrp/BOYAmt033761
IRS990/TotalLiabilitiesGrp/EOYAmt041558
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0528552
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0619210
IRS990/TotalOtherCompensationAmt027688
IRS990/TotalProgramServiceExpensesAmt0683960
IRS990/TotalProgramServiceRevenueAmt0107503
IRS990/TotalReportableCompFromOrgAmt0167596
IRS990/TotalRevenueGrp/ExclusionAmt02991
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0107503
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01060494
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0562313
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0660768
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt011518
IRS990/TravelGrp/ProgramServicesAmt033993
IRS990/TravelGrp/TotalAmt045511
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0528552
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0619210
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1992
IRS990/USAddress/CityNm0Pensacola
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd0325911992
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.floridawesteda.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Scott Luth
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08508982201
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Community Economic Development Assoc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0d/b/a FloridaWest Economic Development
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0471954665
ReturnHeader/Filer/PhoneNum08508982201
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1992
ReturnHeader/Filer/USAddress/CityNm0Pensacola
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0325911992
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09002F34287371AB458B4D96F7FDF5E9A1929A29C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03CEDF3E7AD834D66483EA3E75936BF36D8FECFA7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.210.33.114
ReturnHeader/FilingSecurityInformation/IPDt02018-03-21

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$660,768
Liabilities
$41,558
Net assets
$619,210
Revenue
$1,060,494
Expenses
$969,836
Net income
$90,658
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$0.35$1.46$1.90$1.28$0.62
2023Summary only. Only limited summary data is available for this year.$0.93$0.48$0.45$1.18$1.18$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.06$0.45$1.16$1.31$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.07$0.59$1.37$1.36$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.10$0.58$1.19$1.25$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.05$0.64$1.14$1.19$0.06
2018Summary only. Only limited summary data is available for this year.$0.74$0.04$0.70$1.06$1.00$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.66$0.04$0.62$1.06$0.97$0.09
2016Summary only. Only limited summary data is available for this year.$0.56$0.03$0.53$1.23$0.90$0.33
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.03$0.19$1.06$0.86$0.19