Civic Intelligence

Frostproof Chamber Foundation Inc.

990 • Fiscal year 2018 • EIN 51-0599864

Jan 01, 2018 to Dec 31, 2018 • Filed on May 07, 2019

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

42nd percentile

0.01x

Higher debt load relative to assets than 42% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.13x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

8th percentile

-40%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

30th percentile

-4.1%

Faster asset growth than 30% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

32nd percentile

-4.0%

Faster revenue growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$626,157

Down $26,746 (-4.1%) from 2017

Net Assets

Down

$616,863

Down $28,448 (-4.4%) from 2017

Liabilities

Up

$9,294

Up $1,702 (+22%) from 2017

Revenue

Down

$71,553

Down $3,011 (-4.0%) from 2017

Expenses

Down

$100,001

Down $1,524 (-1.5%) from 2017

Net Income

Down

-$28,448

Down $1,487 (-5.5%) from 2017

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

2018

Assets$626,157
Liabilities$9,294
Net Assets$616,863

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

2018

Revenue$71,553
Expenses$100,001
Net Income-$28,448
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 7, 2019
Return Version
2018v3.1
Gross Receipts
$71,553
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$597,316$574,968▼ $22,348
Savings and Temporary Cash Investments$28,656$28,670▲ $14
Cash and Non-Interest-Bearing Accounts$22,378$17,501▼ $4,877
Prepaid Expenses and Deferred Charges$4,369$5,018▲ $649
Pledges and Grants Receivable$184--
Total Assets$652,903$626,157▼ $26,746
Liabilities
Deferred Revenue$7,145$8,650▲ $1,505
Accounts Payable and Accrued Expenses$447$644▲ $197
Total Liabilities$7,592$9,294▲ $1,702
Net Assets / Fund Balance
Unrestricted Net Assets$644,928$616,863▼ $28,065
Temporarily Rstr Net Assets$383--
Total Net Assets Fund Balance$645,311$616,863▼ $28,448
Total Liabilities and Net Assets / Fund Balance$652,903$626,157▼ $26,746

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$787$29,395-
Leasehold Improvements$574,181$285,772-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Al MiltonDirector
Barbara JordanDirector
Debra LewisDirector
Dede LeFilsDirector
Eric HillDirector
Jennifer Lewiss GravellDirector
Tenny CroleyDirector
Vicki AlleyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$26,740
Program Service Revenue
$100
Investment Income
$14
Other Revenue
$44,699
All Other Contributions
$1,069
Change in Net Assets
$-28,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$85,435
Salaries, Compensation, and Employee Benefits$14,566
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$0$22,348$0$22,348
Occupancy$0$18,032$0$18,032
Other Salaries and Wages$8,962$4,207$0$13,169
Advertising$7,560$0$0$7,560
Insurance$4,129$2,488$0$6,617
Other Expenses$3,380$0$0$3,380
Office Expenses$992$1,869$0$2,861
Fees for Services Accounting$0$1,800$0$1,800
Payroll Taxes$686$711$0$1,397
All Other Expenses$381$91$0$472
Information Technology$0$160$0$160
Fees for Services Management$32$0$0$32
Total Functional Expenses$48,295$51,706$0$100,001
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
Mystery Dinners$13,242$13,242-$13,242
Annual Gala$18,555$4,930$1,675$3,255
Total Events$61,792$48,167$25,530$22,637
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
Doing Business As
Ramon Theater

Signing Officer

Name
Vicki Alley
Title
President
Phone
8636357222
Signed
2019-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vicky Alley
Formed
2006
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
3
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 18274. 0. 0.

Form 990, Part IX, Line 24E

BOOK SALES 11. 11. 0. 0.

Form 990, Part IX, Line 24E

Concessions 370. 370. 0. 0.

Form 990, Part IX, Line 24E

MISC 91. 0. 91. 0.

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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt018274
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt026460
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt014
IRS990/PYOtherExpensesAmt086215
IRS990/PYOtherRevenueAmt048090
IRS990/PYRevenuesLessExpensesAmt0-26961
IRS990/PYSalariesCompEmpBnftPaidAmt015310
IRS990/PYTotalExpensesAmt0101525
IRS990/PYTotalRevenueAmt074564
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-28448
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0800
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt018355
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028656
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt025971
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt026460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt029565
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt037922
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt035081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0154999
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0814
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01841
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0764
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02116
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06604
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt012139
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt043899
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80530
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.74280
IRS990ScheduleA/PublicSupportTotal170Amt0134592
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt020407
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt025971
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt026460
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt029565
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt037922
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt035081
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0154999
IRS990ScheduleA/TotalSupportAmt0167138
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0787
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029395
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt030182
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0574181
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0285772
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0859953
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0574968
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt013625
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt013625
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt025530
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt013399
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt013399
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Gala
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Mystery Dinners
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01705
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt08751
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt010456
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018555
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013242
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt029995
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt061792
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt04930
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013242
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt029995
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt048167
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt022637
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01675
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01675
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 18274. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK SALES 11. 11. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONCESSIONS 370. 370. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MISC 91. 0. 91. 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 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

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