Civic Intelligence

Flagler Avenue Business Associationinc

EIN 47-2183611 • 501(c)6 • New Smyrna Beach, FL

Profile

The organization is comprised of businesses engaged in retail, hospitality and professional services. The Organization proives a program of work designed to bring business to its members.

120 Flagler AvNew Smyrna Beach, FL 32169

flaglerave.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.03x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

0.15x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

16th percentile

-31%

Higher net margin than 16% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

47th percentile

-2.7%

Faster asset growth than 47% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-56%

Faster revenue growth than 10% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$188,995

Down $5,336 (-2.7%) from 2022

Liabilities

Up

$6,068

Up $4,802 (+379%) from 2022

Net Assets

Down

$182,927

Down $10,138 (-5.3%) from 2022

Operations
Liabilities / Revenue82nd percentileNet Margin16th percentile

Revenue

Down

$39,165

Down $49,831 (-56%) from 2022

Expenses

Down

$51,225

Down $19,472 (-28%) from 2022

Net Income

Down

-$12,060

Down $30,359 (-166%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2018: $96,276Liabilities 2018: $29,712Net Assets 2018: $66,5642018Assets 2019: $123,017Liabilities 2019: $2,081Net Assets 2019: $120,9362019Assets 2020: $136,234Liabilities 2020: $1,576Net Assets 2020: $134,6582020Assets 2021: $174,766Liabilities 2021: $0Net Assets 2021: $174,7662021Assets 2022: $194,331Liabilities 2022: $1,266Net Assets 2022: $193,0652022Assets 2023: $188,995Liabilities 2023: $6,068Net Assets 2023: $182,9272023

Highlighted filing

2023

Assets$188,995
Liabilities$6,068
Net Assets$182,927
Open 2023 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2018: $3,553Expenses 2018: $10,605Net Income 2018: -$7,0522018Revenue 2019: $250,174Expenses 2019: $192,534Net Income 2019: $57,6402019Revenue 2020: $31,302Expenses 2020: $17,580Net Income 2020: $13,7222020Revenue 2021: $85,623Expenses 2021: $43,089Net Income 2021: $42,5342021Revenue 2022: $88,996Expenses 2022: $70,697Net Income 2022: $18,2992022Revenue 2023: $39,165Expenses 2023: $51,225Net Income 2023: -$12,0602023

Highlighted filing

2023

Revenue$39,165
Expenses$51,225
Net Income-$12,060
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$188,995
Liabilities
$6,068
Net assets
$182,927
Revenue
$39,165
Expenses
$51,225
Net income
-$12,060
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.89$0.06$1.83$0.39$0.51$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.94$0.01$1.93$0.89$0.71$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$0.86$0.43$0.43
2020Detailed filing. Detailed filing data is available for this year.$1.36$0.02$1.35$0.31$0.18$0.14
2019Summary only. Only limited summary data is available for this year.$1.23$0.02$1.21$2.50$1.93$0.58
2018Summary only. Only limited summary data is available for this year.$0.96$0.30$0.67$0.04$0.11$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$39,165
Mission and Program Overview

Mission

The organization is comprised of businesses engaged in retail, hospitality and professional services. The Organization proives a program of work designed to bring business to its members.

The purpose of the organization is to provide services that will bring business for the benefit of the members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$185,568$188,995▲ $3,427
Total Assets$194,331$188,995▼ $5,336
Other Assets Total$8,763--
Liabilities
Accounts Payable and Accrued Expenses$1,266$6,068▲ $4,802
Total Liabilities$1,266$6,068▲ $4,802
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$193,065$182,927▼ $10,138
Total Net Assets Fund Balance$193,065$182,927▼ $10,138
Total Liabilities and Net Assets / Fund Balance$194,331$188,995▼ $5,336
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Zoe NeunerPresident
Elaine StathakisBoard Member
Jenny NoradoTreasurer
Sherman ReidVP
Revenue and Support

Revenue Composition

Contributions and Grants
$10,508
Program Service Revenue
$28,657
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-12,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,225
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$35,370
Office Expenses---$3,381
Fees for Services Accounting---$3,360
Insurance---$3,176
Other Expenses---$2,588
Grants to Domestic Orgs---$1,000
Total Functional Expenses$0$0$0$51,225
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Owed to So. Stone for services in 3018 - payment plan agreed to-
Credit card-
Suspense-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Flagler Avenue Business AssociationInc
EIN
47-2183611
Phone
3864027909
Address
120 Flagler Av, New Smyrna Beach, FL 32169

Signing Officer

Name
Jenny Norado
Title
Treasurer
Phone
3864027909
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenny Norado
Formed
2015
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Conrad Consulting Corporation
Address
P O Box 1359, Edgewater, FL 32132-1359
Preparer
Lillian Conrad
Phone
3864097881
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Program Service Expenses 0, Grants and allocations 0, Revenue 0 All other events”

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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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ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lillian Conrad
ReturnHeader/ReturnTs02025-04-30T11:21:00-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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