Civic Intelligence

Florida Tomato Exchange

990 • Fiscal year 2013 • EIN 59-1564849

Aug 01, 2012 to Jul 31, 2013 • Filed on Mar 17, 2014

800 Trafalgar Court No 30032751
Siviq Scores

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

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

95th percentile

51%

Faster asset growth than 95% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,994,687

Up $673,142 (+51%) from 2012

Net Assets

Up

$1,961,478

Up $983,644 (+101%) from 2012

Liabilities

Down

$33,209

Down $310,502 (-90%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$976,744

Up $653,267 (+202%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,237,226Liabilities 2011: $197,889Net Assets 2011: $1,039,3372011Assets 2012: $1,321,545Liabilities 2012: $343,711Net Assets 2012: $977,8342012Assets 2013: $1,994,687Liabilities 2013: $33,209Net Assets 2013: $1,961,4782013Assets 2014: $2,045,985Liabilities 2014: $35,400Net Assets 2014: $2,010,5852014Assets 2015: $2,277,736Liabilities 2015: $27,746Net Assets 2015: $2,249,9902015Assets 2016: $2,310,085Liabilities 2016: $48,567Net Assets 2016: $2,261,5182016Assets 2017: $2,206,193Liabilities 2017: $41,989Net Assets 2017: $2,164,2042017Assets 2018: $2,210,806Liabilities 2018: $147,259Net Assets 2018: $2,063,5472018Assets 2019: $1,374,906Liabilities 2019: $332,728Net Assets 2019: $1,042,1782019Assets 2020: $806,516Liabilities 2020: $30Net Assets 2020: $806,4862020Assets 2021: $1,184,394Liabilities 2021: $155,600Net Assets 2021: $1,028,7942021Assets 2022: $1,130,798Liabilities 2022: $0Net Assets 2022: $1,130,7982022Assets 2023: $1,319,243Liabilities 2023: $20,808Net Assets 2023: $1,298,4352023

Highlighted filing

2013

Assets$1,994,687
Liabilities$33,209
Net Assets$1,961,478

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2011: $157,3772011Expenses 2012: $323,4772012Expenses 2013: $976,7442013Revenue 2014: $510,761Expenses 2014: $461,654Net Income 2014: $49,1072014Revenue 2015: $569,149Expenses 2015: $329,744Net Income 2015: $239,4052015Revenue 2016: $343,464Expenses 2016: $331,936Net Income 2016: $11,5282016Revenue 2017: $240,353Expenses 2017: $337,667Net Income 2017: -$97,3142017Revenue 2018: $520,272Expenses 2018: $620,929Net Income 2018: -$100,6572018Revenue 2019: $608,649Expenses 2019: $1,630,018Net Income 2019: -$1,021,3692019Revenue 2020: $680,307Expenses 2020: $915,999Net Income 2020: -$235,6922020Revenue 2021: $1,017,497Expenses 2021: $795,189Net Income 2021: $222,3082021Revenue 2022: $1,117,904Expenses 2022: $1,015,900Net Income 2022: $102,0042022Revenue 2023: $1,271,227Expenses 2023: $1,102,756Net Income 2023: $168,4712023

Highlighted filing

2013

Revenue-
Expenses$976,744
Net Income-
Jump To
Filing Snapshot
Filing Period
Aug 1, 2012 to Jul 31, 2013
Signed
Mar 17, 2014
Return Version
2012v2.1
Gross Receipts
$1,750,898
Mission and Program Overview

Mission

The florida tomato exchange was formed in 1974 under the provisions of chapter 619, florida statutes. Its members are first handlers of tomatoes in central and south florida. The exchange was established to complement the activities of the florida tomato committee by managing government relations and legal matters on behalf of the industry. The exchange also orchestrates many of the industry's food safety related initiatives.

Filing and Contact Details

Filer

EIN
59-1564849
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE EXCHANGE IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENT OF FINANCIAL POSITION. THE EXCHANGE HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE EXCHANGE WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN
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IRS990ScheduleO/GeneralExplanation/Explanation0THE EXCHANGE, THE FLORIDA TOMATO COMMITTEE ("FTC") AND THE FLORIDA TOMATO GROWERS EXCHANGE ("FTGE") HAVE BEEN ESTABLISHED TO ASSIST IN THE CONTINUATION AND DEVELOPMENT OF THE FLORIDA TOMATO INDUSTRY, WITH EACH ESTABLISHED TO PERFORM DIFFERENT, BUT COMPLEMENTARY ASPECTS OF THAT TASK. THESE ENTITIES EACH HAVE THEIR OWN SEPARATE AND INDEPENDENT BOARD OF DIRECTORS. THE SHARING OF STAFF, FACILITIES, EQUIPMENT, AND EXPENSES IS AN EFFICIENT WAY OF ACCOMPLISHING EACH ORGANIZATION'S GOALS. ON AUGUST 22, 2012 THE EXCHANGE ENTERED INTO A MEMORANDUM OF UNDERSTANDING WITH FTC FOR SPECIFIC ADMINISTRATIVE SUPPORT AND USE OF EQUIPMENT AND FACILITIES. THE AGREEMENT IS A JOINT UNDERSTANDING WITH FTGE AND REQUIRES A TOTAL ANNUAL REIMBURSEMENT OF $40,000. THE EXCHANGE'S PORTION OF THIS AMOUNT IS $29,000.
IRS990ScheduleO/GeneralExplanation/Explanation1PROCESS USED TO REVIEW FORM 990: THE FORM 990 IS REVIEWED BY MANAGEMENT AND THEN FORWARDED TO THE TREASURER FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation2GOVERNING DOCUMENTS ARE AVAILABLE AT WWW.SUNBIZ.ORG. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation3A FAMILY RELATIONSHIP EXISTS BETWEEN CERTAIN MEMBERS OF THE BOARD. PAUL DIMARE IS THE FATHER OF TONY DIMARE AND TEENA BOREK IS THE MOTHER OF MICHAEL BOREK.
IRS990ScheduleO/GeneralExplanation/Explanation4THE EXCHANGE RESTATED AND INCREASED ITS NET ASSETS AS OF JULY 31, 2012 BY $209,490 FOR A CORRECTION OF A MISSTATEMENT OF ACCUMULATED EARNINGS FROM ANNUAL MEETINGS WHICH WAS NOT RECORDED IN THE STATEMENT OF ACTIVITIES IN PRIOR YEARS. PREVIOUSLY, THE REVENUES AND EXPENSES ASSOCIATED WITH THE ANNUAL MEETINGS WERE RECORDED THROUGH AN ANNUAL MEETING FUND PAYABLE ACCOUNT. BECAUSE THE EXCHANGE IS RESPONSIBLE FOR HOLDING THIS ANNUAL MEETING AND IS ABLE TO RETAIN ANY NET EARNINGS FROM THE MEETINGS, THE ACTIVITY SHOULD BE RECORDED AS REVENUE AND EXPENSES ON THE STATEMENT OF ACTIVITIES. THE ACCUMULATED EARNINGS FROM PAST ANNUAL MEETINGS IS $209,628 AS OF JULY 31, 2013, WHICH HAS BEEN DESIGNATED BY THE BOARD OF DIRECTORS AS A RESERVE FOR FUTURE ANNUAL MEETING AND OPERATING COSTS.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VII, PAGE 7:
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0FL
IRS990/SubjectToProxyTax01
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10800 TRAFALGAR COURT NO 300
IRS990/TheBooksAreInCareOf/AddressUS/City0MAITLAND
IRS990/TheBooksAreInCareOf/AddressUS/State0FL
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode032751
IRS990/TheBooksAreInCareOf/NamePerson0REGGIE BROWN
IRS990/TheBooksAreInCareOf/TelephoneNumber04076601949
IRS990/TotalAssets/BOY01321545
IRS990/TotalAssetsBOY01321545
IRS990/TotalAssets/EOY01994687
IRS990/TotalAssetsEOY01994687
IRS990/TotalCompGT150K00
IRS990/TotalContributions01749210
IRS990/TotalExpensesCurrentYear0976744
IRS990/TotalExpensesPriorYear0323477
IRS990/TotalFunctionalExpenses/Total0976744
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0343711
IRS990/TotalLiabilitiesBOY0343711
IRS990/TotalLiabilities/EOY033209
IRS990/TotalLiabilitiesEOY033209
IRS990/TotalLiabNetAssetsFundBalances/BOY01321545
IRS990/TotalLiabNetAssetsFundBalances/EOY01994687
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY0977834

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.32$0.02$1.30$1.27$1.10$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.00$1.13$1.12$1.02$0.10
2021Summary only. Only limited summary data is available for this year.$1.18$0.16$1.03$1.02$0.80$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.00$0.81$0.68$0.92$0.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.33$1.04$0.61$1.63$1.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.15$2.06$0.52$0.62$0.10
2017Summary only. Only limited summary data is available for this year.$2.21$0.04$2.16$0.24$0.34$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.31$0.05$2.26$0.34$0.33$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.28$0.03$2.25$0.57$0.33$0.24
2014Detailed filing. Detailed filing data is available for this year.$2.05$0.04$2.01$0.51$0.46$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.03$1.96$0.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.34$0.98$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.20$1.04$0.16