Civic Intelligence

Manatee Chamber of Commerce Inc

990 • Fiscal year 2017 • EIN 59-0979413

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 08, 2018

PO Box 321Bradenton, FL 34206

(941) 748-3411

Siviq Scores

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

Liabilities / Assets

50th percentile

0.17x

Higher debt load relative to assets than 50% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.37x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

28th percentile

-1.1%

Higher net margin than 28% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

62nd percentile

$174,043

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

43rd percentile

3.3%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-3.0%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,290,774

Up $105,965 (+3.3%) from 2016

Net Assets

Up

$2,723,291

Up $83,483 (+3.2%) from 2016

Liabilities

Up

$567,483

Up $22,482 (+4.1%) from 2016

Revenue

Down

$1,550,118

Down $47,405 (-3.0%) from 2016

Expenses

Down

$1,566,635

Down $64,771 (-4.0%) from 2016

Net Income

Up

-$16,517

Up $17,366 (+51%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,563,485Liabilities 2010: $1,489,811Net Assets 2010: $4,073,6742010Assets 2011: $5,345,629Liabilities 2011: $1,336,340Net Assets 2011: $4,009,2892011Assets 2012: $3,957,699Liabilities 2012: $1,045,588Net Assets 2012: $2,912,1112012Assets 2013: $3,858,102Liabilities 2013: $1,073,983Net Assets 2013: $2,784,1192013Assets 2014: $3,799,464Liabilities 2014: $1,039,535Net Assets 2014: $2,759,9292014Assets 2015: $3,741,844Liabilities 2015: $1,068,153Net Assets 2015: $2,673,6912015Assets 2016: $3,184,809Liabilities 2016: $545,001Net Assets 2016: $2,639,8082016Assets 2017: $3,290,774Liabilities 2017: $567,483Net Assets 2017: $2,723,2912017Assets 2018: $3,292,308Liabilities 2018: $534,710Net Assets 2018: $2,757,5982018Assets 2019: $5,535,271Liabilities 2019: $461,818Net Assets 2019: $5,073,4532019Assets 2020: $5,560,692Liabilities 2020: $390,924Net Assets 2020: $5,169,7682020Assets 2021: $5,937,203Liabilities 2021: $634,468Net Assets 2021: $5,302,7352021Assets 2022: $6,032,407Liabilities 2022: $474,715Net Assets 2022: $5,557,6922022Assets 2023: $6,093,212Liabilities 2023: $482,870Net Assets 2023: $5,610,3422023Assets 2024: $6,329,749Liabilities 2024: $532,782Net Assets 2024: $5,796,9672024

Highlighted filing

2017

Assets$3,290,774
Liabilities$567,483
Net Assets$2,723,291

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,147,5372010Expenses 2011: $2,075,7392011Expenses 2012: $2,549,0092012Revenue 2013: $1,393,855Expenses 2013: $1,521,847Net Income 2013: -$127,9922013Revenue 2014: $1,515,515Expenses 2014: $1,539,705Net Income 2014: -$24,1902014Revenue 2015: $1,530,064Expenses 2015: $1,616,302Net Income 2015: -$86,2382015Revenue 2016: $1,597,523Expenses 2016: $1,631,406Net Income 2016: -$33,8832016Revenue 2017: $1,550,118Expenses 2017: $1,566,635Net Income 2017: -$16,5172017Revenue 2018: $1,598,133Expenses 2018: $1,563,826Net Income 2018: $34,3072018Revenue 2019: $4,057,375Expenses 2019: $1,741,520Net Income 2019: $2,315,8552019Revenue 2020: $1,659,064Expenses 2020: $1,562,749Net Income 2020: $96,3152020Revenue 2021: $1,833,438Expenses 2021: $1,700,471Net Income 2021: $132,9672021Revenue 2022: $2,212,805Expenses 2022: $1,957,848Net Income 2022: $254,9572022Revenue 2023: $2,111,182Expenses 2023: $2,058,532Net Income 2023: $52,6502023Revenue 2024: $2,327,090Expenses 2024: $2,140,465Net Income 2024: $186,6252024

Highlighted filing

2017

Revenue$1,550,118
Expenses$1,566,635
Net Income-$16,517
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 8, 2018
Return Version
2017v2.2
Gross Receipts
$1,623,769
Mission and Program Overview

Mission

The chamber's mission is to build a positive business environment while enhancing the community's quality of life.

To build a positive business environment while enhancing the community's quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,404,777$1,814,041▲ $409,264
Land, Buildings, and Equipment, Net$1,518,938$1,451,577▼ $67,361
Accounts Receivable$15,293$11,958▼ $3,335
Prepaid Expenses and Deferred Charges$15,051$10,148▼ $4,903
Pledges and Grants Receivable$10,000$0▼ $10,000
Cash and Non-Interest-Bearing Accounts$3,050$3,050→ $0
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,184,809$3,290,774▲ $105,965
Other Assets Total$217,700$0▼ $217,700
Liabilities
Other Liabilities$217,700$278,992▲ $61,292
Deferred Revenue$310,526$255,698▼ $54,828
Accounts Payable and Accrued Expenses$16,775$32,793▲ $16,018
Total Liabilities$545,001$567,483▲ $22,482
Net Assets / Fund Balance
Unrestricted Net Assets$2,629,808$2,723,291▲ $93,483
Temporarily Rstr Net Assets$10,000--
Total Net Assets Fund Balance$2,639,808$2,723,291▲ $83,483
Total Liabilities and Net Assets / Fund Balance$3,184,809$3,290,774▲ $105,965

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,119,814$793,144$1,912,958
Equipment$55,304$251,893$307,197
Land$276,459-$276,459
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jacqueline DezelskiPresident & CEOFT$166,834$7,209$174,043

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$51,333
Program Service Revenue
$1,365,948
Investment Income
$13,385
Other Revenue
$119,452
All Other Contributions
$35,838
Change in Net Assets
$-16,517

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,623,769
Revenue Not Reported on Financial Statements
$-73,651
Revenue Not Reported on Form 990
$100,000
Other Revenue Adjustments
$-73,651
Total Revenue per Audited Statements
$1,723,769
Total Revenue per Form 990
$1,550,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$972,356
Other Expenses$594,279
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$642,126
Current Officers, Directors, Trustees, and Key Employees---$174,043
All Other Expenses---$116,027
Depreciation Depletion---$68,218
Occupancy---$67,152
Payroll Taxes---$65,860
Other Employee Benefits---$65,766
Fees for Services Legal---$39,030
Other Expenses---$29,560
Pension Plan Contributions---$24,561
Insurance---$23,509
Fees for Services Accounting---$12,257
Office Expenses---$8,282
Conferences and Meetings---$2,686
Advertising---$1,178
Travel---$692
Total Functional Expenses$0$0$0$1,566,635

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,640,286
Expenses per Audited Statements$1,566,635
Total Expenses per Form 990$1,566,635
Expenses Not Reported on Form 990$73,651
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$193,103
Fundraising Direct Expenses$73,651
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chamber Expo$27,802$27,802$6,764$21,038
Golf Tournament$30,452$14,957$15,108$-151
Total Events$181,512$166,017$69,879$96,138
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$10,948
Total Nondeductible Lobbying and Political Cost$10,948
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Payable$278,992
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The executive committee of the board of directors reviews and approves the audited financial statements. Upon acceptance of the audited financial statements federal form 990 is prepared based on the same information. The form 990 is then submitted to the president for review prior to submission to the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The chamber board, officers, and management employees must complete and sign an annual disclosure statement and questionnaire. In addition, it is the continuing responsibility of the board, officers, and management employees to scrutinize their transactions and outside business interest and relationships for potential conflicts and to immediately make such disclosures. disclosure in the organization should be made to the board chair, who shall bring the matter to the attention of the board or a duly constituted committee. Disclosure involving directors should be made to the board chair, (or if she or he is the one with the conflict, then to the board chair-elect) who shall bring these matters to the board. The board shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transactions may be authorized as just, fair, and reasonable to the chamber.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The executive committee performs an annual review of executive compensation to reevaluate and set the officers' compensation for the coming year.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents, employee policy manual, and financial statements available to the public upon request.

Part VII, Section A, Column (B)

Average hours per week from all board members is less than .50. Due to rounding column (b) is zero.

Filing and Contact Details

Filer

Filer Name
Manatee Chamber of Commerce Inc
EIN
59-0979413
Phone
9417483411
Address
PO Box 321, Bradenton, FL 34206

Signing Officer

Name
Jacqueline Dezelski
Title
President
Signed
2018-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacqueline Dezelski
Formed
1962
Legal Domicile
Fl
Voting Board Members
32
Independent Board Members
32
Employees
20
Volunteers
450

Preparer

Firm
ChristopherSmithLeonard Etal
Address
1001 3rd Ave W Suite 700, Bradenton, FL 34205
Preparer
Robert E Stanell
Phone
9417481040
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Life Insurance Proceeds = $100000

Schedule R, Part II, Column (B)

Advance the understanding of economics and improve ethnic relations.

Financial Statement Notes

Part X : FIN48 Footnote

The Manatee Chamber of Commerce, Inc. is exempt from income taxes under Internal Revenue Code Section 501(c)(6). The Manatee Chamber Foundation, Inc. is exempt from income taxes under Internal Revenue Code Section 501(c)(3), effective January 24, 2006. However, the Organizations are taxed on any unrelated business income. There was no significant income tax expense in 2017 or 2016.The Organization and Foundation apply guidance issued by the Financial Accounting Standards Board (FASB) on accounting for uncertainty in tax positions. Management believes the Organization and Foundation have no material unrecognized income tax positions, including any potential loss of tax exempt status. The Organization and Foundation have no ongoing federal, state or local tax audits. However, the tax returns for the three previous years remain open to examination.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Life Insurance Proceeds $100000

Part XII, Line 2D: Other expenses and losses per audited F/S

Special Events Expense $73651

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IRS990/Form990PartVIISectionAGrp/PersonNm4Lisa Arrigo-Hoban
IRS990/Form990PartVIISectionAGrp/PersonNm5Darcie Duncan
IRS990/Form990PartVIISectionAGrp/PersonNm6Jackie Barron
IRS990/Form990PartVIISectionAGrp/PersonNm7Richard Bedford
IRS990/Form990PartVIISectionAGrp/PersonNm8Kevin DiLallo
IRS990/Form990PartVIISectionAGrp/PersonNm9Kevin Baylor
IRS990/Form990PartVIISectionAGrp/PersonNm10Jason Bartz
IRS990/Form990PartVIISectionAGrp/PersonNm11Bill Colgate
IRS990/Form990PartVIISectionAGrp/PersonNm12Sean Murphy
IRS990/Form990PartVIISectionAGrp/PersonNm13Steve Hall
IRS990/Form990PartVIISectionAGrp/PersonNm14Jennifer Bencie
IRS990/Form990PartVIISectionAGrp/PersonNm15Rick Bisio
IRS990/Form990PartVIISectionAGrp/PersonNm16Bill Poulton
IRS990/Form990PartVIISectionAGrp/PersonNm17Jeffrey Nickse
IRS990/Form990PartVIISectionAGrp/PersonNm18Bruce Body
IRS990/Form990PartVIISectionAGrp/PersonNm19Bruce Patneaude
IRS990/Form990PartVIISectionAGrp/PersonNm20Jeff Podobnik
IRS990/Form990PartVIISectionAGrp/PersonNm21Robert Turner
IRS990/Form990PartVIISectionAGrp/PersonNm22Kerry Ward
IRS990/Form990PartVIISectionAGrp/PersonNm23Brian Carter
IRS990/Form990PartVIISectionAGrp/PersonNm24Chris Sharek
IRS990/Form990PartVIISectionAGrp/PersonNm25Sharon Hillstorm
IRS990/Form990PartVIISectionAGrp/PersonNm26Stewart Moon
IRS990/Form990PartVIISectionAGrp/PersonNm27William Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm28Trudy Moon
IRS990/Form990PartVIISectionAGrp/PersonNm29Cheryl Woeltjen
IRS990/Form990PartVIISectionAGrp/PersonNm30Vicki Silver
IRS990/Form990PartVIISectionAGrp/PersonNm31John Nash
IRS990/Form990PartVIISectionAGrp/PersonNm32Ernie Withers
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chairman-Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
IRS990/Form990PartVIISectionAGrp/TitleTxt27Director
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director
IRS990/Form990PartVIISectionAGrp/TitleTxt29Director
IRS990/Form990PartVIISectionAGrp/TitleTxt30Director
IRS990/Form990PartVIISectionAGrp/TitleTxt31Director
IRS990/Form990PartVIISectionAGrp/TitleTxt32Director
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.33$0.53$5.80$2.33$2.14$0.19
2023Detailed filing. Detailed filing data is available for this year.$6.09$0.48$5.61$2.11$2.06$0.05
2022Detailed filing. Detailed filing data is available for this year.$6.03$0.47$5.56$2.21$1.96$0.25
2021Detailed filing. Detailed filing data is available for this year.$5.94$0.63$5.30$1.83$1.70$0.13
2020Detailed filing. Detailed filing data is available for this year.$5.56$0.39$5.17$1.66$1.56$0.10
2019Detailed filing. Detailed filing data is available for this year.$5.54$0.46$5.07$4.06$1.74$2.32
2018Detailed filing. Detailed filing data is available for this year.$3.29$0.53$2.76$1.60$1.56$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.29$0.57$2.72$1.55$1.57$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.18$0.55$2.64$1.60$1.63$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.74$1.07$2.67$1.53$1.62$0.09
2014Detailed filing. Detailed filing data is available for this year.$3.80$1.04$2.76$1.52$1.54$0.02
2013Detailed filing. Detailed filing data is available for this year.$3.86$1.07$2.78$1.39$1.52$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$1.05$2.91$2.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$1.34$4.01$2.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.56$1.49$4.07$2.15