Civic Intelligence

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

990 • Fiscal year 2023 • EIN 47-1954665

Oct 01, 2022 to Sep 30, 2023 • Filed on Feb 07, 2024

Organization Profilewww.floridawesteda.com
3 West Garden Street 618Pensacola, FL 32502

(850) 898-2201

Siviq Scores

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

Liabilities / Assets

85th percentile

0.51x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

0.40x

Higher debt load relative to revenue than 74% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

38th percentile

0.6%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

77th percentile

$230,924

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 19.5% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

97th percentile

82%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

34th percentile

1.8%

Faster revenue growth than 34% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets85th percentile

Assets

Flat

$929,668

Flat from 2023

Net Assets

Flat

$454,587

Flat from 2023

Liabilities

Flat

$475,081

Flat from 2023

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin38th percentile

Revenue

Flat

$1,184,018

Flat from 2023

Expenses

Flat

$1,177,158

Flat from 2023

Net Income

Flat

$6,860

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth97th 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 2023: $929,668Liabilities 2023: $475,081Net Assets 2023: $454,5872023Assets 2024: $1,813,239Liabilities 2024: $348,931Net Assets 2024: $1,464,3082024

Highlighted filing

2023

Assets$929,668
Liabilities$475,081
Net Assets$454,587
Open 2023 Filing

Operations Trend

Revenue Growth34th 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 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

2023

Revenue$1,184,018
Expenses$1,177,158
Net Income$6,860
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Feb 7, 2024
Return Version
2022v5.0
Gross Receipts
$1,184,018
Mission and Program Overview

Mission

Promote business development in Pensacola and Escambia County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$300,000$304,613▲ $4,613
Cash and Non-Interest-Bearing Accounts$166,467$207,412▲ $40,945
Prepaid Expenses and Deferred Charges$23,828$0▼ $23,828
Land, Buildings, and Equipment, Net$18,331$12,632▼ $5,699
Total Assets$509,626$929,668▲ $420,042
Other Assets Total$1,000$405,011▲ $404,011
Liabilities
Other Liabilities$0$382,199▲ $382,199
Accounts Payable and Accrued Expenses$61,899$52,882▼ $9,017
Deferred Revenue-$40,000-
Total Liabilities$61,899$475,081▲ $413,182
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$447,727$454,587▲ $6,860
Total Net Assets Fund Balance$447,727$454,587▲ $6,860
Total Liabilities and Net Assets / Fund Balance$509,626$929,668▲ $420,042

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,632$58,392$71,024
Other Assets Org$404,011--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott LuthCEOFT$187,651$43,273$230,924

Board Members and Trustees

NameTitle
Rick ByarsPresident
David BearVice President
Charletha PowellDirector
Don PalmerDirector
Donnie McMahonDirector
Jim WaiteDirector
Olevia McNallyDirector
Brian HilsonCEO
Chris PlaegerInvestor
Dave MurzinInvestor
Ed MeadowsInvestor
KC GartmanInvestor
Kelvin EnfingerInvestor
Marcus McBrideInvestor
Ryan TilleySecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,080,000
Program Service Revenue
$96,733
Investment Income
$8,384
Other Revenue
$-1,099
All Other Contributions
$5,000
Change in Net Assets
$6,860

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,184,018
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,184,018
Total Revenue per Form 990
$1,184,018
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$600,757
Salaries, Compensation, and Employee Benefits$576,401
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$167,536$120,446-$287,982
Current Officers, Directors, Trustees, and Key Employees$109,167$78,483-$187,650
Fees for Services Other$25,807$128,000-$153,807
Occupancy$91,813$59,036-$150,849
Advertising$80,974--$80,974
Office Expenses$31,314$43,437-$74,751
Other Employee Benefits$55,112--$55,112
Payroll Taxes$35,258--$35,258
Fees for Services Accounting-$31,629-$31,629
Travel$21,419$6,932-$28,351
Fees for Services Legal$5,910$20,640-$26,550
Pension Plan Contributions$10,399--$10,399
Conferences and Meetings$9,819--$9,819
Insurance-$7,455-$7,455
Depreciation Depletion-$5,699-$5,699
Other Expenses$4,275--$4,275
Total Functional Expenses$675,401$501,757$0$1,177,158

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,177,158
Total Expenses per Audited Statements$1,177,158
Total Expenses per Form 990$1,177,158
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$382,199
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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 rights 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 618, Pensacola, FL 32502
Doing Business As
FloridaWest Economic Development

Signing Officer

Name
Brian Hilson
Title
CEO
Phone
8508982201
Signed
2024-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Hilson
Formed
2014
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
8
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 IX, line 11G

“Consulting: Program service expenses 25,807. Management and general expenses 128,000. Fundraising expenses 0. Total expenses 153,807.”

Raw XML AppendixShowing 400 of 480 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt061899
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt052882
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Promote business development in Pensacola and Escambia County.
IRS990/AdvertisingGrp/ProgramServicesAmt080974
IRS990/AdvertisingGrp/TotalAmt080974
IRS990/AllOtherContributionsAmt05000
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Brian Hilson
IRS990/BooksInCareOfDetail/PhoneNum08508982201
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03 West Garden Street Suite 618
IRS990/BooksInCareOfDetail/USAddress/CityNm0Pensacola
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032502
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0166467
IRS990/CashNonInterestBearingGrp/EOYAmt0207412
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt078483
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0109167
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0187650
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt09819
IRS990/ConferencesMeetingsGrp/TotalAmt09819
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01080000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt08384
IRS990/CYOtherExpensesAmt0600757
IRS990/CYOtherRevenueAmt0-1099
IRS990/CYProgramServiceRevenueAmt096733
IRS990/CYRevenuesLessExpensesAmt06860
IRS990/CYSalariesCompEmpBnftPaidAmt0576401
IRS990/CYTotalExpensesAmt01177158
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01184018
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt040000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt05699
IRS990/DepreciationDepletionGrp/TotalAmt05699
IRS990/Desc0Economic Development - To encourage and assist expansion of local industry and to promote economic development.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0FloridaWest Economic Development
IRS990/DoingBusinessAsName/BusinessNameLine2Txt0Alliance
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt0555367
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt031629
IRS990/FeesForServicesAccountingGrp/TotalAmt031629
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt020640
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt05910
IRS990/FeesForServicesLegalGrp/TotalAmt026550
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0128000
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt025807
IRS990/FeesForServicesOtherGrp/TotalAmt0153807
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1443273
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0Rick Byars
IRS990/Form990PartVIISectionAGrp/PersonNm1David Bear
IRS990/Form990PartVIISectionAGrp/PersonNm2Ryan Tilley
IRS990/Form990PartVIISectionAGrp/PersonNm3Charletha Powell
IRS990/Form990PartVIISectionAGrp/PersonNm4Donnie McMahon
IRS990/Form990PartVIISectionAGrp/PersonNm5Olevia McNally
IRS990/Form990PartVIISectionAGrp/PersonNm6Don Palmer
IRS990/Form990PartVIISectionAGrp/PersonNm7Jim Waite
IRS990/Form990PartVIISectionAGrp/PersonNm8Kelvin Enfinger
IRS990/Form990PartVIISectionAGrp/PersonNm9KC Gartman
IRS990/Form990PartVIISectionAGrp/PersonNm10Marcus McBride
IRS990/Form990PartVIISectionAGrp/PersonNm11Ed Meadows
IRS990/Form990PartVIISectionAGrp/PersonNm12Dave Murzin
IRS990/Form990PartVIISectionAGrp/PersonNm13Chris Plaeger
IRS990/Form990PartVIISectionAGrp/PersonNm14Scott Luth
IRS990/Form990PartVIISectionAGrp/PersonNm15Brian Hilson
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14187651
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Investor
IRS990/Form990PartVIISectionAGrp/TitleTxt9Investor
IRS990/Form990PartVIISectionAGrp/TitleTxt10Investor
IRS990/Form990PartVIISectionAGrp/TitleTxt11Investor
IRS990/Form990PartVIISectionAGrp/TitleTxt12Investor
IRS990/Form990PartVIISectionAGrp/TitleTxt13Investor
IRS990/Form990PartVIISectionAGrp/TitleTxt14CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt15CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0825000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01184018
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt07455
IRS990/InsuranceGrp/TotalAmt07455
IRS990/InvestmentIncomeGrp/ExclusionAmt08384
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08384
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt058392
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018331
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012632
IRS990/LandBldgEquipCostOrOtherBssAmt071024
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0250000
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Promote business development in Pensacola and Escambia County.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0447727
IRS990/NetAssetsOrFundBalancesEOYAmt0454587
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0447727
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0454587
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt059036
IRS990/OccupancyGrp/ProgramServicesAmt091813
IRS990/OccupancyGrp/TotalAmt0150849
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt043437
IRS990/OfficeExpensesGrp/ProgramServicesAmt031314
IRS990/OfficeExpensesGrp/TotalAmt074751
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01000
IRS990/OtherAssetsTotalGrp/EOYAmt0405011
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt055112
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055112
IRS990/OtherExpensesGrp/Desc0Other expense
IRS990/OtherExpensesGrp/Desc1Dues and subscriptions
IRS990/OtherExpensesGrp/Desc2CoLab
IRS990/OtherExpensesGrp/Desc3High Growth Companies
IRS990/OtherExpensesGrp/ProgramServicesAmt011000
IRS990/OtherExpensesGrp/ProgramServicesAmt17960
IRS990/OtherExpensesGrp/ProgramServicesAmt27638
IRS990/OtherExpensesGrp/ProgramServicesAmt34275
IRS990/OtherExpensesGrp/TotalAmt011000
IRS990/OtherExpensesGrp/TotalAmt17960
IRS990/OtherExpensesGrp/TotalAmt27638
IRS990/OtherExpensesGrp/TotalAmt34275
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0382199
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaenous Revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-1099
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-1099
IRS990/OtherRevenueTotalAmt0-1099
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0120446
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0167536
IRS990/OtherSalariesAndWagesGrp/TotalAmt0287982
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt035258
IRS990/PayrollTaxesGrp/TotalAmt035258
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010399
IRS990/PensionPlanContributionsGrp/TotalAmt010399
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023828
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Brian Hilson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0CoLab Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt096733
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt096733
IRS990/ProgSrvcAccomActy2Grp/Desc0CoLab - Targets early-stage, high growth companies to increase their chance of success by providing shared office space, support services and business coaching. The mission is to act as a catalyst to support innovative entrepreneurs who create jobs and can sustain long-term economic growth for Greater Pensacola.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0120034
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt096733
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01055000
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt035
IRS990/PYOtherExpensesAmt0580584
IRS990/PYOtherRevenueAmt045040
IRS990/PYProgramServiceRevenueAmt063281
IRS990/PYRevenuesLessExpensesAmt0-145264
IRS990/PYSalariesCompEmpBnftPaidAmt0728036
IRS990/PYTotalExpensesAmt01308620
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01163356
IRS990/ReconcilationRevenueExpnssAmt06860
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0300000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0304613
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/BookValueAmt012632
IRS990ScheduleD/EquipmentGrp/DepreciationAmt058392
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt071024
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01177158
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1404011
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIght of Use Assets, Operating
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0382199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Operating Lease Liability
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01184018
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012632
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0405011
IRS990ScheduleD/TotalExpensesPerForm990Amt01177158
IRS990ScheduleD/TotalLiabilityAmt0382199
IRS990ScheduleD/TotalRevenuePerForm990Amt01184018
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01184018
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01177158
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0187651
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt036073
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Scott Luth
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0230924
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has members with voting rights 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/ExplanationTxt5Consulting: Program service expenses 25,807. Management and general expenses 128,000. Fundraising expenses 0. Total expenses 153,807.
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 IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$929,668
Liabilities
$475,081
Net assets
$454,587
Revenue
$1,184,018
Expenses
$1,177,158
Net income
$6,860
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
2023Detailed filing. Detailed filing data is available for this year.$0.93$0.48$0.45$1.18$1.18$0.01
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
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