Civic Intelligence

Gainesville Area Chamber of Commerce Inc

990 • Fiscal year 2019 • EIN 59-0258435

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileWWW.GAINESVILLECHAMBER.COM

View Organization Page

300 E University Avenue Ste 100Gainesville, FL 32601

(352) 334-7105

Siviq Scores

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

Liabilities / Assets

77th percentile

0.40x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

45th percentile

0.14x

Higher debt load relative to revenue than 45% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

22nd percentile

-3.3%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

61st percentile

$172,480

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

11th percentile

-10%

Faster asset growth than 11% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

9.2%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$686,484

Down $76,928 (-10%) from 2018

Net Assets

Down

$410,545

Down $65,944 (-14%) from 2018

Liabilities

Down

$275,939

Down $10,984 (-3.8%) from 2018

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin22nd percentile

Revenue

Up

$2,017,068

Up $170,324 (+9.2%) from 2018

Expenses

Up

$2,083,012

Up $181,856 (+9.6%) from 2018

Net Income

Down

-$65,944

Down $11,532 (-21%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2010: $1,765,664Liabilities 2010: $634,828Net Assets 2010: $1,130,8362010Assets 2011: $1,841,556Liabilities 2011: $759,004Net Assets 2011: $1,082,5522011Assets 2012: $1,790,009Liabilities 2012: $631,290Net Assets 2012: $1,158,7192012Assets 2013: $1,690,610Liabilities 2013: $451,290Net Assets 2013: $1,239,3202013Assets 2014: $1,595,126Liabilities 2014: $512,956Net Assets 2014: $1,082,1702014Assets 2015: $1,278,827Liabilities 2015: $490,960Net Assets 2015: $787,8672015Assets 2016: $701,971Liabilities 2016: $324,313Net Assets 2016: $377,6582016Assets 2017: $830,744Liabilities 2017: $299,843Net Assets 2017: $530,9012017Assets 2018: $763,412Liabilities 2018: $286,923Net Assets 2018: $476,4892018Assets 2019: $686,484Liabilities 2019: $275,939Net Assets 2019: $410,5452019Assets 2020: $701,919Liabilities 2020: $420,073Net Assets 2020: $281,8462020Assets 2021: $1,038,088Liabilities 2021: $841,543Net Assets 2021: $196,5452021Assets 2022: $780,425Liabilities 2022: $477,426Net Assets 2022: $302,9992022Assets 2023: $579,409Liabilities 2023: $457,903Net Assets 2023: $121,5062023Assets 2024: $487,257Liabilities 2024: $489,129Net Assets 2024: -$1,8722024

Highlighted filing

2019

Assets$686,484
Liabilities$275,939
Net Assets$410,545
Open 2019 Filing

Operations Trend

Revenue Growth69th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,958,3582010Expenses 2011: $1,986,0822011Expenses 2012: $1,836,2852012Revenue 2013: $1,900,828Expenses 2013: $1,820,227Net Income 2013: $80,6012013Revenue 2014: $2,087,947Expenses 2014: $2,245,097Net Income 2014: -$157,1502014Revenue 2015: $2,258,680Expenses 2015: $2,552,983Net Income 2015: -$294,3032015Revenue 2016: $1,989,560Expenses 2016: $2,244,018Net Income 2016: -$254,4582016Revenue 2017: $2,176,018Expenses 2017: $2,022,775Net Income 2017: $153,2432017Revenue 2018: $1,846,744Expenses 2018: $1,901,156Net Income 2018: -$54,4122018Revenue 2019: $2,017,068Expenses 2019: $2,083,012Net Income 2019: -$65,9442019Revenue 2020: $1,541,563Expenses 2020: $1,670,262Net Income 2020: -$128,6992020Revenue 2021: $1,374,825Expenses 2021: $1,460,126Net Income 2021: -$85,3012021Revenue 2022: $1,857,339Expenses 2022: $1,750,885Net Income 2022: $106,4542022Revenue 2023: $1,662,563Expenses 2023: $1,844,056Net Income 2023: -$181,4932023Revenue 2024: $1,813,678Expenses 2024: $1,937,056Net Income 2024: -$123,3782024

Highlighted filing

2019

Revenue$2,017,068
Expenses$2,083,012
Net Income-$65,944
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$2,046,425
Mission and Program Overview

Mission

Our mission is to facilitate economic opportunity, business success and community progress.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$504,516$490,182▼ $14,334
Savings and Temporary Cash Investments$232,603$141,640▼ $90,963
Cash and Non-Interest-Bearing Accounts$14,007$50,406▲ $36,399
Total Assets$763,412$686,484▼ $76,928
Other Assets Total$12,286$4,256▼ $8,030
Liabilities
Mortgage Notes Payable Secured by Investment Property$286,923$275,939▼ $10,984
Total Liabilities$286,923$275,939▼ $10,984
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$476,489$410,545▼ $65,944
Total Net Assets Fund Balance$476,489$410,545▼ $65,944
Total Liabilities and Net Assets / Fund Balance$763,412$686,484▼ $76,928

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$473,701$387,451$861,152
Equipment$16,481$229,799$246,280
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric GodetPresident/ceFT$168,400$4,080$172,480
Eric GodetPresident/CEO-$168,400$4,080$172,480
Steve CannonVP Member De-$100,870$15,285$116,155

Board Members and Trustees

NameTitle
Bryan HarringtonChair
Rory CausseauxPast Chair
Nancy EckertVice Chair
Gil LevyVice-chair E
Allison ParisDirector
April GreenDirector
Betsy PepineDirector
Brian JoseDirector
Brian LeslieDirector
Bruce ThompsonDirector
Clay MartinDirector
Collin AustinDirector
Craig WilburnDirector
Doug WilcoxDirector
Dr Jackson SasserDirector
Dug JonesDirector
Ed JimenezDirector
Eric LawsonDirector
Glenn BurtonDirector
Greg SchultzDirector
James CoatsDirector
Jeff ThiemanDirector
Mark StarrDirector
Nick BanksDirector
Paul Thur De KoosDirector
Randy StuartDirector
Rick DavisDirector
Robert McdanielDirector
Rscott ThomasDirector
Ryan FrankelDirector
Seth LaneDirector
Theresa BeachyDirector
Winfred PhillipsDirector
Alan ChatmanTrustee Dire
Angela DavisTrustee/dire
Doug WilcoxTrustee/dire
Duke PinnerTrustee/dire
Erin HendersonTrustee/dire
Harbin BoltonTrustee/dire
Jon ThomasTrustee/dire
Mark KaplanTrustee/dire
Susan CrowleyTrustee/dire
Suzanne NorrisTrustee/dire
Charles HoldenLegal Counse
Trey LongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,732,567
Program Service Revenue
$284,401
Investment Income
$343
Other Revenue
$-243
All Other Contributions
$806,851
Change in Net Assets
$-65,944

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,017,068
Revenue Not Reported on Form 990
$57,853
Total Revenue per Audited Statements
$2,074,921
Total Revenue per Form 990
$2,017,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,386,603
Other Expenses$667,079
Grants and Similar Amounts Paid$29,330
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$977,700
Current Officers, Directors, Trustees, and Key Employees---$172,480
Other Employee Benefits---$104,685
Office Expenses---$91,638
Payroll Taxes---$88,017
Occupancy---$57,017
Information Technology---$50,022
Travel---$46,722
Fees for Services Other---$46,249
Pension Plan Contributions---$43,721
Advertising---$33,663
Grants to Domestic Orgs---$29,330
Depreciation Depletion---$29,120
Fees for Services Accounting---$23,130
Other Expenses---$16,835
Fees for Services Legal---$7,096
Interest---$6,073
Insurance---$3,070
Total Functional Expenses$0$0$0$2,083,012

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,120,383
Expenses per Audited Statements$2,083,012
Total Expenses per Form 990$2,083,012
Expenses Not Reported on Form 990$37,371
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gainesville Black ProfessionalsGainesville, FL3General Support$10,000
Gainesville Area Chamber ofGainesville, FL3General Support$6,440
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
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form was prepared with the assistance of an independent cpa firm. The form was reviewed by the chief financial officer and provided to the board prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The board completes a conflict of interest disclosure form each year. The organization, also has a whistleblower hotline.”

Form 990, Page 6, Part VI, Line 15A

“For the top official, president/ceo position, the board of directors is responsible for approving selection and accompanying compensation.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Gainesville Area Chamber of
EIN
59-0258435
Phone
3523347105
Address
300 E UNIVERSITY AVENUE STE 100, GAINESVILLE, FL 32601

Signing Officer

Name
Eric Godet
Title
President/CEO
Phone
3523347105
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Godet
Formed
1924
Legal Domicile
Fl
Voting Board Members
46
Independent Board Members
45
Employees
21
Volunteers
45

Preparer

Firm
Kattell & Company Pl
Address
808B NW 16TH AVE, GAINESVILLE, FL 32601
Preparer
Stephen H Kattell CPA
Phone
3523956565
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Rental expenses 29,357 gacc foundation revenue 28,496”

Schedule D, Page 4, Part XII, Line 2D

“Rental expense 29,357 gacc foundation expense 8,014”

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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$686,484
Liabilities
$275,939
Net assets
$410,545
Revenue
$2,017,068
Expenses
$2,083,012
Net income
-$65,944
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.49$0.00$1.81$1.94$0.12
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.46$0.12$1.66$1.84$0.18
2022Summary only. Only limited summary data is available for this year.$0.78$0.48$0.30$1.86$1.75$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.84$0.20$1.37$1.46$0.09
2020Summary only. Only limited summary data is available for this year.$0.70$0.42$0.28$1.54$1.67$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.69$0.28$0.41$2.02$2.08$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.29$0.48$1.85$1.90$0.05
2017Summary only. Only limited summary data is available for this year.$0.83$0.30$0.53$2.18$2.02$0.15
2016Summary only. Only limited summary data is available for this year.$0.70$0.32$0.38$1.99$2.24$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.49$0.79$2.26$2.55$0.29
2014Summary only. Only limited summary data is available for this year.$1.60$0.51$1.08$2.09$2.25$0.16
2013Detailed filing. Detailed filing data is available for this year.$1.69$0.45$1.24$1.90$1.82$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.63$1.16$1.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.76$1.08$1.99
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.63$1.13$1.96