Civic Intelligence

Hobe Sound Chamber of Commerce Inc

EIN 59-2073507 • 501(c)6 • Hobe Sound, FL

Profile

Exempt purpose is to foster business and enhance commmunity relations. Business functions and events are held to provide opportunities for businesses to interact to promote business and community goals.

PO Box 1507Hobe Sound, FL 33475

www.hobesound.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.00x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.00x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

54th percentile

2.8%

Higher net margin than 54% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$87,113

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 26.9% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

69th percentile

9.4%

Faster asset growth than 69% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

12%

Faster revenue growth than 70% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$109,023

Up $9,379 (+9.4%) from 2023

Liabilities

Up

$480

Up $480 from 2023

Net Assets

Up

$108,543

Up $8,899 (+8.9%) from 2023

Revenue

Up

$323,453

Up $35,364 (+12%) from 2023

Expenses

Up

$314,554

Up $21,564 (+7.4%) from 2023

Net Income

Up

$8,899

Up $13,800 (+282%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2011: $89,694Liabilities 2011: $30,659Net Assets 2011: $59,0352011Assets 2012: $109,574Liabilities 2012: $31,255Net Assets 2012: $78,3192012Assets 2013: $119,185Liabilities 2013: $22,887Net Assets 2013: $96,2982013Assets 2014: $127,810Liabilities 2014: $2,7292014Assets 2015: $144,343Liabilities 2015: $1602015Assets 2016: $81,373Liabilities 2016: $33,148Net Assets 2016: $48,2252016Assets 2017: $98,889Liabilities 2017: $30,782Net Assets 2017: $68,1072017Assets 2018: $92,249Liabilities 2018: $30,459Net Assets 2018: $61,7902018Assets 2019: $90,852Liabilities 2019: $37,870Net Assets 2019: $52,9822019Assets 2020: $237,357Liabilities 2020: $175,437Net Assets 2020: $61,9202020Assets 2021: $94,886Liabilities 2021: $19,816Net Assets 2021: $75,0702021Assets 2022: $104,936Liabilities 2022: $391Net Assets 2022: $104,5452022Assets 2023: $99,644Liabilities 2023: $0Net Assets 2023: $99,6442023Assets 2024: $109,023Liabilities 2024: $480Net Assets 2024: $108,5432024

Highlighted filing

2024

Assets$109,023
Liabilities$480
Net Assets$108,543

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $152,546Expenses 2011: $135,520Net Income 2011: $17,0262011Revenue 2012: $170,486Expenses 2012: $151,362Net Income 2012: $19,1242012Revenue 2013: $179,421Expenses 2013: $161,837Net Income 2013: $17,5842013Revenue 2014: $192,639Expenses 2014: $163,856Net Income 2014: $28,7832014Revenue 2015: $194,244Expenses 2015: $175,141Net Income 2015: $19,1032015Revenue 2016: $256,665Expenses 2016: $258,159Net Income 2016: -$1,4942016Revenue 2017: $293,523Expenses 2017: $273,641Net Income 2017: $19,8822017Revenue 2018: $305,850Expenses 2018: $312,167Net Income 2018: -$6,3172018Revenue 2019: $329,065Expenses 2019: $337,873Net Income 2019: -$8,8082019Revenue 2020: $265,786Expenses 2020: $256,848Net Income 2020: $8,9382020Revenue 2021: $255,371Expenses 2021: $242,221Net Income 2021: $13,1502021Revenue 2022: $286,468Expenses 2022: $256,993Net Income 2022: $29,4752022Revenue 2023: $288,089Expenses 2023: $292,990Net Income 2023: -$4,9012023Revenue 2024: $323,453Expenses 2024: $314,554Net Income 2024: $8,8992024

Highlighted filing

2024

Revenue$323,453
Expenses$314,554
Net Income$8,899

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$3.23$3.15$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$2.88$2.93$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$2.86$2.57$0.29
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.20$0.75$2.55$2.42$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.37$1.75$0.62$2.66$2.57$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.91$0.38$0.53$3.29$3.38$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.92$0.30$0.62$3.06$3.12$0.06
2017Summary only. Only limited summary data is available for this year.$0.99$0.31$0.68$2.94$2.74$0.20
2016Summary only. Only limited summary data is available for this year.$0.81$0.33$0.48$2.57$2.58$0.01
2015Summary only. Only limited summary data is available for this year.$1.44$0.00$1.94$1.75$0.19
2014Summary only. Only limited summary data is available for this year.$1.28$0.03$1.93$1.64$0.29
2013Detailed filing. Detailed filing data is available for this year.$1.19$0.23$0.96$1.79$1.62$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.31$0.78$1.70$1.51$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.31$0.59$1.53$1.36$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 1, 2025
Return Version
2024v5.1
Gross Receipts
$323,453
Mission and Program Overview

Mission

Exempt purpose is to foster business and enhance community relations. Business functions and events are held to provide opportunities for businesses to interact to promote business and community goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$99,644$108,543▲ $8,899
Cash and Non-Interest-Bearing Accounts$94,484$104,646▲ $10,162
Land, Buildings, and Equipment, Net$2,075$1,842▼ $233
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$99,644$109,023▲ $9,379
Other Assets Total$3,085$2,535▼ $550
Liabilities
Deferred Revenue-$480-
Total Liabilities$0$480▲ $480
Net Assets / Fund Balance
Total Net Assets Fund Balance$99,644$108,543▲ $8,899
Total Liabilities and Net Assets / Fund Balance$99,644$109,023▲ $9,379

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$7,559$7,559
Leasehold Improvements$1,842$2,117$3,959
Equipment$0$3,536$3,536
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lainey M MuenichCEO/exec DirectorFT$87,113$87,113

Board Members and Trustees

NameTitle
Dorothy FlemmingImmediate Past President
Robert ThorntonPast President
Samuel BruningPresident
Laura BarbonePresident Elect
William Jay ConnellyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$140,344
Investment Income
$0
Other Revenue
$183,109
Change in Net Assets
$8,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$188,807
Salaries, Compensation, and Employee Benefits$125,747
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$87,113--$87,113
Occupancy-$36,768-$36,768
Other Salaries and Wages-$28,964-$28,964
Office Expenses-$16,873-$16,873
Insurance-$11,141-$11,141
Payroll Taxes$7,156$2,514-$9,670
Advertising$2,966--$2,966
Other Expenses$2,371--$2,371
Fees for Services Accounting-$2,360-$2,360
Information Technology$1,113$1,113-$2,226
Conferences and Meetings-$2,108-$2,108
Travel$1,919--$1,919
Depreciation Depletion-$233-$233
Total Functional Expenses$212,480$102,074$0$314,554
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Finance committee members review the 990, then present it to the board for acceptance and filing.

Form 990, Part VI, Section B, Line 12C

Each individual is provided a copy of the conflict of interest policy at the beginning of the year for review and are requested to disclose if any conflicts are present. Prior to any voting, board meeting members are reminded of the policy and asked to abstain from voting on issues at hand should a conflict arise.

Form 990, Part VI, Section B, Line 15

A. Executive director salary is reviewed annually by the president of the board and three independent appointees. One of the appointees must be of the general membership and not a board member. Annual compensation is compared to executive directors from other regions. B. Executive director reviews all employees of the entity on an annual basis. Employees are required to submit self-evaluations. Compensation recommendations of the executive director are presented to the board for approval.

Form 990, Part VI, Section C, Line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
Hobe Sound Chamber of Commerce Inc
EIN
59-2073507
Phone
7725464724
Address
PO BOX 1507, HOBE SOUND, FL 33475

Signing Officer

Name
Lainey M Muenich
Title
CEO
Phone
7725464724
Signed
2025-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lainey M Muenich
Formed
1981
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
0
Employees
3
Volunteers
0

Preparer

Firm
Smolin Lupin & Co LLC
Address
14155 US HIGHWAY ONE SUITE 200, JUNO BEACH, FL 33408
Preparer
Connie Eckerle CPA
Phone
5617471040
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

TAX BASIS

Raw XML Appendix337 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AdvertisingGrp/TotalAmt02966
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LAINEY M MUENICH
IRS990/BooksInCareOfDetail/PhoneNum07725464724
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt08958 SE BRIDGE RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0HOBE SOUND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033455
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
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IRS990/CashNonInterestBearingGrp/BOYAmt094484
IRS990/CashNonInterestBearingGrp/EOYAmt0104646
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt087113
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02108
IRS990/ConferencesMeetingsGrp/TotalAmt02108
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0188807
IRS990/CYOtherRevenueAmt0183109
IRS990/CYProgramServiceRevenueAmt0140344
IRS990/CYRevenuesLessExpensesAmt08899
IRS990/CYSalariesCompEmpBnftPaidAmt0125747
IRS990/CYTotalExpensesAmt0314554
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0323453
IRS990/DecisionsSubjectToApprovaInd00
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IRS990/DeferredRevenueGrp/EOYAmt0480
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IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0233
IRS990/DepreciationDepletionGrp/TotalAmt0233
IRS990/Desc0INCREASE BUSINESS AWARENESS AND THE CHAMBER'S INVOLVEMENT IN THE COMMUNITY.
IRS990/DescribedInSection501c3Ind00
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IRS990/DonorRstrOrQuasiEndowmentsInd00
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IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
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IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
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IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0SAMUEL BRUNING
IRS990/Form990PartVIISectionAGrp/PersonNm1LAURA BARBONE
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT THORNTON
IRS990/Form990PartVIISectionAGrp/PersonNm3DOROTHY FLEMMING
IRS990/Form990PartVIISectionAGrp/PersonNm4WILLIAM JAY CONNELLY
IRS990/Form990PartVIISectionAGrp/PersonNm5LAINEY M MUENICH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CEO/EXEC DIR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01981
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt011141
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
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IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/Desc2OTHER
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FINANCE COMMITTEE MEMBERS REVIEW THE 990, THEN PRESENT IT TO THE BOARD FOR ACCEPTANCE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH INDIVIDUAL IS PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY AT THE BEGINNING OF THE YEAR FOR REVIEW AND ARE REQUESTED TO DISCLOSE IF ANY CONFLICTS ARE PRESENT. PRIOR TO ANY VOTING, BOARD MEETING MEMBERS ARE REMINDED OF THE POLICY AND ASKED TO ABSTAIN FROM VOTING ON ISSUES AT HAND SHOULD A CONFLICT ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A. EXECUTIVE DIRECTOR SALARY IS REVIEWED ANNUALLY BY THE PRESIDENT OF THE BOARD AND THREE INDEPENDENT APPOINTEES. ONE OF THE APPOINTEES MUST BE OF THE GENERAL MEMBERSHIP AND NOT A BOARD MEMBER. ANNUAL COMPENSATION IS COMPARED TO EXECUTIVE DIRECTORS FROM OTHER REGIONS. B. EXECUTIVE DIRECTOR REVIEWS ALL EMPLOYEES OF THE ENTITY ON AN ANNUAL BASIS. EMPLOYEES ARE REQUIRED TO SUBMIT SELF-EVALUATIONS. COMPENSATION RECOMMENDATIONS OF THE EXECUTIVE DIRECTOR ARE PRESENTED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TAX BASIS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 1:
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IRS990/TaxablePartyNotificationInd00
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IRS990/TotalProgramServiceRevenueAmt0140344
IRS990/TotalReportableCompFromOrgAmt087113
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0323453
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IRS990/WebsiteAddressTxt0WWW.HOBESOUND.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LAINEY M MUENICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07725464724
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOBE SOUND CHAMBER OF COMMERCE INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222257833
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMOLIN LUPIN & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014155 US HIGHWAY ONE SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JUNO BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033408
ReturnHeader/PreparerPersonGrp/PhoneNum05617471040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CONNIE ECKERLE CPA
ReturnHeader/ReturnTs02025-05-01T15:04:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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