Civic Intelligence

Frostproof Chamber Foundation Inc.

990 • Fiscal year 2016 • EIN 51-0599864

Jan 01, 2016 to Dec 31, 2016 • Filed on May 04, 2017

15 E Wall StFrostproof, FL 33843

(863) 635-7222

Siviq Scores

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

Liabilities / Assets

40th percentile

0.01x

Higher debt load relative to assets than 40% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.11x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

15th percentile

-19%

Higher net margin than 15% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

33rd percentile

-2.6%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$681,751

Down $18,484 (-2.6%) from 2015

Net Assets

Down

$672,363

Down $16,629 (-2.4%) from 2015

Liabilities

Down

$9,388

Down $1,855 (-16%) from 2015

Revenue

Down

$85,909

Down $17,266 (-17%) from 2015

Expenses

Down

$102,258

Down $44,779 (-30%) from 2015

Net Income

Up

-$16,349

Up $27,513 (+63%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $836,439Liabilities 2010: $2,769Net Assets 2010: $833,6702010Assets 2011: $835,134Liabilities 2011: $2,977Net Assets 2011: $832,1572011Assets 2012: $826,356Liabilities 2012: $6,899Net Assets 2012: $819,4572012Assets 2013: $797,585Liabilities 2013: $9,662Net Assets 2013: $787,9232013Assets 2014: $738,207Liabilities 2014: $5,142Net Assets 2014: $733,0652014Assets 2015: $700,235Liabilities 2015: $11,243Net Assets 2015: $688,9922015Assets 2016: $681,751Liabilities 2016: $9,388Net Assets 2016: $672,3632016Assets 2017: $652,903Liabilities 2017: $7,592Net Assets 2017: $645,3112017Assets 2018: $626,157Liabilities 2018: $9,294Net Assets 2018: $616,8632018Assets 2019: $609,091Liabilities 2019: $13,112Net Assets 2019: $595,9792019Assets 2020: $603,142Liabilities 2020: $27,697Net Assets 2020: $575,4452020Assets 2021: $554,643Liabilities 2021: $27,796Net Assets 2021: $526,8472021Assets 2022: $514,296Liabilities 2022: $38,727Net Assets 2022: $475,5692022Assets 2023: $540,417Liabilities 2023: $34,698Net Assets 2023: $505,7192023Assets 2024: $522,392Liabilities 2024: $48,942Net Assets 2024: $473,4502024

Highlighted filing

2016

Assets$681,751
Liabilities$9,388
Net Assets$672,363

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KExpenses 2010: $67,3582010Expenses 2011: $82,4642011Expenses 2012: $79,6172012Revenue 2013: $79,052Expenses 2013: $110,585Net Income 2013: -$31,5332013Revenue 2014: $91,010Expenses 2014: $146,169Net Income 2014: -$55,1592014Revenue 2015: $103,175Expenses 2015: $147,037Net Income 2015: -$43,8622015Revenue 2016: $85,909Expenses 2016: $102,258Net Income 2016: -$16,3492016Revenue 2017: $74,564Expenses 2017: $101,525Net Income 2017: -$26,9612017Revenue 2018: $71,553Expenses 2018: $100,001Net Income 2018: -$28,4482018Revenue 2019: $80,074Expenses 2019: $102,956Net Income 2019: -$22,8822019Revenue 2020: $62,741Expenses 2020: $83,607Net Income 2020: -$20,8662020Revenue 2021: $37,847Expenses 2021: $83,978Net Income 2021: -$46,1312021Revenue 2022: $40,950Expenses 2022: $91,935Net Income 2022: -$50,9852022Revenue 2023: $126,698Expenses 2023: $84,318Net Income 2023: $42,3802023Revenue 2024: $47,240Expenses 2024: $79,509Net Income 2024: -$32,2692024

Highlighted filing

2016

Revenue$85,909
Expenses$102,258
Net Income-$16,349
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 4, 2017
Return Version
2016v3.0
Gross Receipts
$85,909
Mission and Program Overview

Mission

The mission of the foundation is to renovate and operate the historical Ramon Theater in Frostproof for the use as a civic center for the area and to provide cultural

The mission of the foundation is to renovate and operate the historical Ramon Theater in Frostproof for the use as a civic center for the area and to provide cultural entertainment and activities for the residents of the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$649,541$620,911▼ $28,630
Savings and Temporary Cash Investments$28,627$28,642▲ $15
Cash and Non-Interest-Bearing Accounts$16,188$28,519▲ $12,331
Prepaid Expenses and Deferred Charges$5,388$3,679▼ $1,709
Accounts Receivable$491--
Total Assets$700,235$681,751▼ $18,484
Liabilities
Deferred Revenue$8,549$6,242▼ $2,307
Accounts Payable and Accrued Expenses$2,694$3,146▲ $452
Total Liabilities$11,243$9,388▼ $1,855
Net Assets / Fund Balance
Unrestricted Net Assets$684,253$667,166▼ $17,087
Temporarily Rstr Net Assets$4,739$5,197▲ $458
Total Net Assets Fund Balance$688,992$672,363▼ $16,629
Total Liabilities and Net Assets / Fund Balance$700,235$681,751▼ $18,484

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,098$26,084-
Leasehold Improvements$616,813$243,140-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Art NeherDirector
Barbara JordanDirector
Chevon BaccusDirector
Debra LewisDirector
Dede LefilsDirector
Eric HillDirector
Michele DeckerDirector
Sara BogartDirector
Vicki AlleyDirector
Wesley WiseDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$29,660
Program Service Revenue
$0
Investment Income
$14
Other Revenue
$56,235
All Other Contributions
$6,323
Change in Net Assets
$-16,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$88,604
Salaries, Compensation, and Employee Benefits$13,654
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$0$28,629$0$28,629
Occupancy$5,618$12,267$0$17,885
Other Salaries and Wages$0$12,247$0$12,247
Advertising$8,428$0$0$8,428
Other Expenses$3,661$0$0$3,661
Office Expenses$145$1,656$0$1,801
Fees for Services Accounting$0$1,800$0$1,800
Payroll Taxes$0$1,407$0$1,407
All Other Expenses$579$0$0$579
Information Technology$108$0$0$108
Interest$0$40$0$40
Total Functional Expenses$44,212$58,046$0$102,258
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$16,985$16,985$3,661$13,324
Mystery Dinners$14,607$14,607-$14,607
Total Events$71,275$71,275$29,208$42,067
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Filer

Filer Name
Frostproof Chamber Foundation Inc
EIN
51-0599864
Phone
8636357222
Address
15 E WALL ST, FROSTPROOF, FL 33843

Signing Officer

Name
Vicki Alley
Title
President
Phone
8636357222
Signed
2017-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vicki Alley
Formed
2006
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
100

Preparer

Firm
Frostproof Business Services Inc
Address
101 E WALL ST, FROSTPROOF, FL 33843-2127
Preparer
Eric Hill
Phone
8636353041
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Tax return is review by the officers and also presented to the board of directors.

Pt VI, Line 12C

Directors annually review and sign the disclosure forms.

Pt VI, Line 15B

Evaluate comarible local compensation for employees.

Pt VI, Line 15A

Evaluate comarible local compensation for employees.

Form 990, Part III, Line 4D

All other programs and related expenses 18539. 0. 0.

Form 990, Part IX, Line 24E

Concession 531. 531. 0. 0.

Form 990, Part IX, Line 24E

BOOK 48. 48. 0. 0.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt037922
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt035081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt029137
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt033113
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0164818
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0764
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02116
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06604
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09565
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09409
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt028458
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68450
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.61370
IRS990ScheduleA/PublicSupportTotal170Amt0132294
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt032524
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt029565
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt037922
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt035081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt029137
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt033113
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0164818
IRS990ScheduleA/TotalSupportAmt0193276
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt04098
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026084
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt030182
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0616813
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0243140
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0859953
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0620911
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt029208
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt017516
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt017516
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Gala
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Mystery Dinners
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt08031
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt08031
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt016985
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt014607
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt039683
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt071275
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016985
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt014607
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt039683
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt071275
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt042067
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03661
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03661
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt07
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TAX RETURN IS REVIEW BY THE OFFICERS AND ALSO PRESENTED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS ANNUALLY REVIEW AND SIGN THE DISCLOSURE FORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EVALUATE COMARIBLE LOCAL COMPENSATION FOR EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EVALUATE COMARIBLE LOCAL COMPENSATION FOR EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OTHER PROGRAMS AND RELATED EXPENSES 18539. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONCESSION 531. 531. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK 48. 48. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Frostproof Area Chamber of Commerce Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0596151189
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt015 E Wall St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Frostproof
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd033843
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04739
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05197
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0700235
IRS990/TotalAssetsEOYAmt0681751
IRS990/TotalAssetsGrp/BOYAmt0700235
IRS990/TotalAssetsGrp/EOYAmt0681751
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt029660
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058046
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt044212
IRS990/TotalFunctionalExpensesGrp/TotalAmt0102258
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011243

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.22$0.49$4.73$0.47$0.80$0.32
2023Detailed filing. Detailed filing data is available for this year.$5.40$0.35$5.06$1.27$0.84$0.42
2022Detailed filing. Detailed filing data is available for this year.$5.14$0.39$4.76$0.41$0.92$0.51
2021Detailed filing. Detailed filing data is available for this year.$5.55$0.28$5.27$0.38$0.84$0.46
2020Detailed filing. Detailed filing data is available for this year.$6.03$0.28$5.75$0.63$0.84$0.21
2019Detailed filing. Detailed filing data is available for this year.$6.09$0.13$5.96$0.80$1.03$0.23
2018Detailed filing. Detailed filing data is available for this year.$6.26$0.09$6.17$0.72$1.00$0.28
2017Detailed filing. Detailed filing data is available for this year.$6.53$0.08$6.45$0.75$1.02$0.27
2016Detailed filing. Detailed filing data is available for this year.$6.82$0.09$6.72$0.86$1.02$0.16
2015Detailed filing. Detailed filing data is available for this year.$7.00$0.11$6.89$1.03$1.47$0.44
2014Detailed filing. Detailed filing data is available for this year.$7.38$0.05$7.33$0.91$1.46$0.55
2013Detailed filing. Detailed filing data is available for this year.$7.98$0.10$7.88$0.79$1.11$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.26$0.07$8.19$0.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.35$0.03$8.32$0.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.36$0.03$8.34$0.67