Civic Intelligence

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

990 • Fiscal year 2019 • EIN 47-1954665

Oct 01, 2018 to Sep 30, 2019 • Filed on Jan 28, 2020

Organization Profilewww.floridawesteda.com
3 West Garden Street No 618Pensacola, FL 32502

(850) 898-2201

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.07x

Higher debt load relative to assets than 33% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

26th percentile

0.04x

Higher debt load relative to revenue than 26% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

18th percentile

-4.9%

Higher net margin than 18% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

74th percentile

$215,795

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 19.0% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

15th percentile

-6.4%

Faster asset growth than 15% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

64th percentile

7.3%

Faster revenue growth than 64% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$687,732

Down $47,379 (-6.4%) from 2018

Net Assets

Down

$640,846

Down $55,843 (-8.0%) from 2018

Liabilities

Up

$46,886

Up $8,464 (+22%) from 2018

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin18th percentile

Revenue

Up

$1,136,016

Up $76,981 (+7.3%) from 2018

Expenses

Up

$1,191,859

Up $188,303 (+19%) from 2018

Net Income

Down

-$55,843

Down $111,322 (-201%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2019

Assets$687,732
Liabilities$46,886
Net Assets$640,846
Open 2019 Filing

Operations Trend

Revenue Growth64th 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

2019

Revenue$1,136,016
Expenses$1,191,859
Net Income-$55,843
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jan 28, 2020
Return Version
2018v3.1
Gross Receipts
$1,136,016
Mission and Program Overview

Mission

Promote business development in Pensacola and Escambia County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$567,262$535,991▼ $31,271
Land, Buildings, and Equipment, Net$125,528$130,704▲ $5,176
Pledges and Grants Receivable$22,000$0▼ $22,000
Prepaid Expenses and Deferred Charges$18,750$18,750→ $0
Accounts Receivable$571$1,287▲ $716
Total Assets$735,111$687,732▼ $47,379
Other Assets Total$1,000$1,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$38,422$46,886▲ $8,464
Total Liabilities$38,422$46,886▲ $8,464
Net Assets / Fund Balance
Unrestricted Net Assets$674,689$640,846▼ $33,843
Temporarily Rstr Net Assets$22,000$0▼ $22,000
Permanently Rstr Net Assets-$0-
Total Net Assets Fund Balance$696,689$640,846▼ $55,843
Total Liabilities and Net Assets / Fund Balance$735,111$687,732▼ $47,379

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,425$37,040-
Leasehold Improvements$95,279$40,266-
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott LuthCEOFT$179,485$36,310$215,795

Board Members and Trustees

NameTitle
Donnie McMahonPresident
Karen SindelVice-President
Bonita PlayerDirector
Jim WaiteDirector
Lewis Bear JrDirector
Ryan TilleyDirector
Tim HaagDirector
Verdell HawkinsDirector
Rebecca FergusonSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,032,500
Program Service Revenue
$98,387
Investment Income
$0
Other Revenue
$5,129
Change in Net Assets
$-55,843

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,136,016
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,136,016
Total Revenue per Form 990
$1,136,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$646,751
Other Expenses$545,108
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$372,538$159,248-$531,786
Occupancy$66,458$45,728-$112,186
Office Expenses$58,330$41,384-$99,714
Advertising$91,106--$91,106
Travel$50,641$8,541-$59,182
Other Employee Benefits$59,069--$59,069
Payroll Taxes$39,426--$39,426
Fees for Services Other$35,000--$35,000
Conferences and Meetings$33,366--$33,366
Fees for Services Accounting-$29,689-$29,689
Depreciation Depletion-$29,143-$29,143
Pension Plan Contributions$16,470--$16,470
All Other Expenses$8,678$2,355-$11,033
Fees for Services Legal-$10,755-$10,755
Insurance-$5,498-$5,498
Other Expenses$3,479--$3,479
Total Functional Expenses$859,518$332,341$0$1,191,859

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,191,859
Total Expenses per Audited Statements$1,191,859
Total Expenses per Form 990$1,191,859
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 A, line 6

“The organization has members with voting right and investor members without voting rights.”

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

“Each member has power to appoint one member of the Board of Directors.”

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
3 West Garden Street No 618, Pensacola, FL 32502
Doing Business As
FloridaWest Economic Development

Signing Officer

Name
Scott Luth
Title
CEO
Phone
8508982201
Signed
2020-01-28
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
7
Volunteers
0

Preparer

Firm
Saltmarsh Cleaveland and 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.”

Raw XML AppendixShowing 400 of 428 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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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt035425
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037040
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt072465
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01191859
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt095279
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt040266
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0135545
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01136016
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0130704
IRS990ScheduleD/TotalExpensesPerForm990Amt01191859
IRS990ScheduleD/TotalRevenuePerForm990Amt01136016
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01136016
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01191859
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0179485
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06904
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt029406
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Scott Luth
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0215795
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has members with voting right and investor members without voting rights.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each member has power to appoint one member of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of the 990 is presented to the Board for approval before the return is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization uses salary data from ACCE, IEDC and DMO to determine salary ranges. The amounts are re-evaluated every two years.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization's governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The 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 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 B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt022000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0735111
IRS990/TotalAssetsEOYAmt0687732
IRS990/TotalAssetsGrp/BOYAmt0735111
IRS990/TotalAssetsGrp/EOYAmt0687732
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01032500
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0332341
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0859518
IRS990/TotalFunctionalExpensesGrp/TotalAmt01191859
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt038422
IRS990/TotalLiabilitiesEOYAmt046886
IRS990/TotalLiabilitiesGrp/BOYAmt038422
IRS990/TotalLiabilitiesGrp/EOYAmt046886
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0696689
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0640846
IRS990/TotalOtherCompensationAmt036310
IRS990/TotalProgramServiceExpensesAmt0859518
IRS990/TotalProgramServiceRevenueAmt098387
IRS990/TotalReportableCompFromOrgAmt0179485
IRS990/TotalRevenueGrp/ExclusionAmt05129
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt098387
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01136016
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0735111
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0687732
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt08541
IRS990/TravelGrp/ProgramServicesAmt050641
IRS990/TravelGrp/TotalAmt059182
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0674689
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0640846
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03 West Garden Street No 618
IRS990/USAddress/CityNm0Pensacola
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032502
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.floridawesteda.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Scott Luth
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08508982201
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Community Economic Development Assoc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0d/b/a FloridaWest Economic Development

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$687,732
Liabilities
$46,886
Net assets
$640,846
Revenue
$1,136,016
Expenses
$1,191,859
Net income
-$55,843
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
2019Detailed filing. Detailed filing data is available for this year.$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
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