Civic Intelligence

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

990 • Fiscal year 2020 • EIN 47-1954665

Oct 01, 2019 to Sep 30, 2020 • Filed on Mar 22, 2021

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

50th percentile

0.15x

Higher debt load relative to assets than 50% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

34th percentile

0.09x

Higher debt load relative to revenue than 34% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

21st percentile

-5.3%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$214,017

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 18.0% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

31st percentile

-0.7%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

4.6%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$683,155

Down $4,577 (-0.7%) from 2019

Net Assets

Down

$578,452

Down $62,394 (-9.7%) from 2019

Liabilities

Up

$104,703

Up $57,817 (+123%) from 2019

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin21st percentile

Revenue

Up

$1,187,892

Up $51,876 (+4.6%) from 2019

Expenses

Up

$1,250,286

Up $58,427 (+4.9%) from 2019

Net Income

Down

-$62,394

Down $6,551 (-12%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2020

Assets$683,155
Liabilities$104,703
Net Assets$578,452
Open 2020 Filing

Operations Trend

Revenue Growth79th 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

2020

Revenue$1,187,892
Expenses$1,250,286
Net Income-$62,394
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Mar 22, 2021
Return Version
2019v5.2
Gross Receipts
$1,255,984
Mission and Program Overview

Mission

Promote business development in Pensacola and Escambia County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$535,991$574,644▲ $38,653
Accounts Receivable$1,287$56,426▲ $55,139
Land, Buildings, and Equipment, Net$130,704$32,335▼ $98,369
Prepaid Expenses and Deferred Charges$18,750$18,750→ $0
Total Assets$687,732$683,155▼ $4,577
Other Assets Total$1,000$1,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$46,886$64,703▲ $17,817
Deferred Revenue-$40,000-
Total Liabilities$46,886$104,703▲ $57,817
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$640,846$578,452▼ $62,394
Net Assets With Donor Restrictions-$0-
Total Net Assets Fund Balance$640,846$578,452▼ $62,394
Total Liabilities and Net Assets / Fund Balance$687,732$683,155▼ $4,577

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,335$50,301$82,636
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott LuthCEOFT$178,317$35,700$214,017

Board Members and Trustees

NameTitle
Karen SindelPresident
Rebecca FergusonVice President
Bonita PlayerDirector
David BearDirector
Don PalmerDirector
Donnie McMahonDirector
Jim WaiteDirector
Ryan TilleyDirector
Rick ByarsSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,139,833
Program Service Revenue
$107,845
Investment Income
$-68,092
Other Revenue
$8,306
All Other Contributions
$89,833
Change in Net Assets
$-62,394

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,255,984
Revenue Not Reported on Financial Statements
$-68,092
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-68,092
Total Revenue per Audited Statements
$1,255,984
Total Revenue per Form 990
$1,187,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$728,974
Other Expenses$521,312
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$411,161$191,221-$602,382
Occupancy$68,371$46,843-$115,214
Office Expenses$48,236$51,837-$100,073
Advertising$88,447--$88,447
Other Employee Benefits$64,317--$64,317
Travel$42,460$10,600-$53,060
Fees for Services Other$45,500--$45,500
Payroll Taxes$43,832--$43,832
Depreciation Depletion-$40,448-$40,448
Fees for Services Accounting-$28,700-$28,700
Pension Plan Contributions$18,443--$18,443
Conferences and Meetings$13,497--$13,497
Fees for Services Legal-$7,326-$7,326
All Other Expenses$6,964$2-$6,966
Insurance-$6,750-$6,750
Other Expenses$11--$11
Total Functional Expenses$866,559$383,727$0$1,250,286

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,318,378
Expenses per Audited Statements$1,250,286
Total Expenses per Form 990$1,250,286
Expenses Not Reported on Form 990$68,092
Expenses Not Reported on Financial Statements$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 35% controlled entity
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
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
2021-03-22
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 and Gund
Address
900 North 12th Avenue, Pensacola, FL 32501
Preparer
Allison Jones 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.”

Financial Statement Notes

Part XI, Line 4B - Other Adjustments:

“Loss on disposition of property and equipment -68,092.”

Part XII, Line 2D - Other Adjustments:

“Loss on disposition of property and equipment 68,092.”

Raw XML AppendixShowing 400 of 426 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/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0545108
IRS990/PYOtherRevenueAmt05129
IRS990/PYProgramServiceRevenueAmt098387
IRS990/PYRevenuesLessExpensesAmt0-55843
IRS990/PYSalariesCompEmpBnftPaidAmt0646751
IRS990/PYTotalExpensesAmt01191859
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01136016
IRS990/ReconcilationRevenueExpnssAmt0-62394
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
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/BookValueAmt032335
IRS990ScheduleD/EquipmentGrp/DepreciationAmt050301
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt082636
IRS990ScheduleD/ExpensesNotReportedAmt068092
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01250286
IRS990ScheduleD/OtherExpensesIncludedAmt068092
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-68092
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-68092
IRS990ScheduleD/RevenueSubtotalAmt01255984
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Loss on disposition of property and equipment -68,092.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Loss on disposition of property and equipment 68,092.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032335
IRS990ScheduleD/TotalExpensesPerForm990Amt01250286
IRS990ScheduleD/TotalRevenuePerForm990Amt01187892
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01255984
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01318378
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0178317
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07046
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028654
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Scott Luth
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0214017
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0687732
IRS990/TotalAssetsEOYAmt0683155
IRS990/TotalAssetsGrp/BOYAmt0687732
IRS990/TotalAssetsGrp/EOYAmt0683155
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01139833
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0383727
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0866559
IRS990/TotalFunctionalExpensesGrp/TotalAmt01250286
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt046886
IRS990/TotalLiabilitiesEOYAmt0104703
IRS990/TotalLiabilitiesGrp/BOYAmt046886
IRS990/TotalLiabilitiesGrp/EOYAmt0104703
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0640846
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0578452
IRS990/TotalOtherCompensationAmt035700
IRS990/TotalProgramServiceExpensesAmt0866559
IRS990/TotalProgramServiceRevenueAmt0107845
IRS990/TotalReportableCompFromOrgAmt0178317
IRS990/TotalRevenueGrp/ExclusionAmt0-59786
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0107845
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01187892
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0687732
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0683155
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt010600
IRS990/TravelGrp/ProgramServicesAmt042460
IRS990/TravelGrp/TotalAmt053060
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Scott Luth

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$683,155
Liabilities
$104,703
Net assets
$578,452
Revenue
$1,187,892
Expenses
$1,250,286
Net income
-$62,394
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
2020Detailed filing. Detailed filing data is available for this year.$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
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