Civic Intelligence

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

990 • Fiscal year 2018 • EIN 47-1954665

Oct 01, 2017 to Sep 30, 2018 • Filed on Jan 09, 2019

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

(850) 898-2201

Siviq Scores

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

Liabilities / Assets

29th percentile

0.05x

Higher debt load relative to assets than 29% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

24th percentile

0.04x

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

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

56th percentile

5.2%

Higher net margin than 56% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

70th percentile

$200,331

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 18.9% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

74th percentile

11%

Faster asset growth than 74% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

36th percentile

-0.1%

Faster revenue growth than 36% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets29th percentile

Assets

Flat

$735,111

Flat from 2018

Net Assets

Flat

$696,689

Flat from 2018

Liabilities

Flat

$38,422

Flat from 2018

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin56th percentile

Revenue

Flat

$1,059,035

Flat from 2018

Expenses

Flat

$1,003,556

Flat from 2018

Net Income

Flat

$55,479

Flat from 2018

Historical Trend

Balance Sheet Trend

Asset Growth74th 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 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

2018

Assets$735,111
Liabilities$38,422
Net Assets$696,689
Open 2018 Filing

Operations Trend

Revenue Growth36th 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 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

2018

Revenue$1,059,035
Expenses$1,003,556
Net Income$55,479
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jan 9, 2019
Return Version
2017v2.3
Gross Receipts
$1,059,035
Mission and Program Overview

Mission

Promote business development in Pensacola and Escambia County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$540,110$567,262▲ $27,152
Land, Buildings, and Equipment, Net$106,890$125,528▲ $18,638
Pledges and Grants Receivable-$22,000-
Prepaid Expenses and Deferred Charges$9,375$18,750▲ $9,375
Accounts Receivable$3,393$571▼ $2,822
Total Assets$660,768$735,111▲ $74,343
Other Assets Total$1,000$1,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$41,558$38,422▼ $3,136
Total Liabilities$41,558$38,422▼ $3,136
Net Assets / Fund Balance
Unrestricted Net Assets$619,210$674,689▲ $55,479
Temporarily Rstr Net Assets$0$22,000▲ $22,000
Total Net Assets Fund Balance$619,210$696,689▲ $77,479
Total Liabilities and Net Assets / Fund Balance$660,768$735,111▲ $74,343

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$44,800--
Equipment$40,028$27,813-
Leasehold Improvements$40,700$20,350-
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott LuthCEOFT$168,015$32,316$200,331

Board Members and Trustees

NameTitle
Wendell SmithPresident
Donnie McMahonVice-President
Bonita PlayerDirector
Jim GrimesDirector
Jim WaiteDirector
Lewis Bear JrDirector
Rebecca FergusonDirector
Tim HaagDirector
Karen SindelSecretary-Tresurer
Revenue and Support

Revenue Composition

Contributions and Grants
$960,000
Program Service Revenue
$96,988
Investment Income
$0
Other Revenue
$2,047
Change in Net Assets
$55,479

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,059,035
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,059,035
Total Revenue per Form 990
$1,059,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$583,507
Other Expenses$420,049
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$343,260$130,978-$474,238
Occupancy$52,237$45,237-$97,474
Advertising$82,398--$82,398
Office Expenses$26,816$34,224-$61,040
Travel$46,654$6,402-$53,056
Other Employee Benefits$51,075--$51,075
Payroll Taxes$42,773--$42,773
Fees for Services Accounting-$32,292-$32,292
Depreciation Depletion-$27,848-$27,848
Pension Plan Contributions$15,421--$15,421
All Other Expenses$11,720$1,466-$13,186
Conferences and Meetings$9,188--$9,188
Fees for Services Legal-$7,484-$7,484
Fees for Services Other$6,000--$6,000
Insurance-$4,077-$4,077
Other Expenses$1,496--$1,496
Total Functional Expenses$713,548$290,008$0$1,003,556

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,003,556
Total Expenses per Audited Statements$1,003,556
Total Expenses per Form 990$1,003,556
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
Doing Business As
FloridaWest Economic Development

Signing Officer

Name
Scott Luth
Title
CEO
Phone
8508982201
Signed
2019-01-09
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
10
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 XI, line 9:

“Promise to Give 22,000.”

Raw XML AppendixShowing 400 of 416 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.

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IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt040028
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027813
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt067841
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01003556
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt040700
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt020350
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt061050
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt044800
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt044800
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01059035
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0125528
IRS990ScheduleD/TotalExpensesPerForm990Amt01003556
IRS990ScheduleD/TotalRevenuePerForm990Amt01059035
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01059035
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01003556
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0168015
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06469
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt025247
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Scott Luth
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0200331
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/ExplanationTxt3Promise to Give 22,000.
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 XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt022000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0660768
IRS990/TotalAssetsEOYAmt0735111
IRS990/TotalAssetsGrp/BOYAmt0660768
IRS990/TotalAssetsGrp/EOYAmt0735111
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0960000
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0290008
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0713548
IRS990/TotalFunctionalExpensesGrp/TotalAmt01003556
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt041558
IRS990/TotalLiabilitiesEOYAmt038422
IRS990/TotalLiabilitiesGrp/BOYAmt041558
IRS990/TotalLiabilitiesGrp/EOYAmt038422
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0619210
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0696689
IRS990/TotalOtherCompensationAmt031716
IRS990/TotalProgramServiceExpensesAmt0713548
IRS990/TotalProgramServiceRevenueAmt096988
IRS990/TotalReportableCompFromOrgAmt0168615
IRS990/TotalRevenueGrp/ExclusionAmt02047
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt096988
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01059035
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0660768
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0735111
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt06402
IRS990/TravelGrp/ProgramServicesAmt046654
IRS990/TravelGrp/TotalAmt053056
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0619210
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0674689
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1992
IRS990/USAddress/CityNm0Pensacola
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032591
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.floridawesteda.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Scott Luth
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08508982201
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-09
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/ZIPCd032591
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03CEDF3E7AD834D66483EA3E75936BF36D8FECFA7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DBD0AAD96CA034578C0AAF7B325AFD93057F6BB5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.169.168.131
ReturnHeader/FilingSecurityInformation/IPDt02019-01-09

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$735,111
Liabilities
$38,422
Net assets
$696,689
Revenue
$1,059,035
Expenses
$1,003,556
Net income
$55,479
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
2018Detailed filing. Detailed filing data is available for this year.$0.74$0.04$0.70$1.06$1.00$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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