Civic Intelligence

Greater Florence Chamber of Commerce Inc

EIN 86-0683213 • 501(c)6 • Florence, AZ

Profile

Promotion of local commerce

PO Box 929Florence, AZ 85132

www.florenceaz.org

Siviq Scores

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

Liabilities / Assets

58th percentile

0.01x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.00x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

45th percentile

-1.3%

Higher net margin than 45% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

91st percentile

$60,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 31.4% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

38th percentile

-9.0%

Faster asset growth than 38% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

-6.2%

Faster revenue growth than 41% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$62,806

Down $6,232 (-9.0%) from 2022

Liabilities

Down

$654

Down $1,154 (-64%) from 2022

Net Assets

Down

$62,152

Down $5,078 (-7.6%) from 2022

Revenue

Down

$191,273

Down $12,704 (-6.2%) from 2022

Expenses

Up

$193,748

Up $1,903 (+1.0%) from 2022

Net Income

Down

-$2,475

Down $14,607 (-120%) from 2022

Trend Graphs

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2011: $5,624Liabilities 2011: $1,0432011Assets 2012: $14,305Liabilities 2012: $1,283Net Assets 2012: $13,0222012Assets 2013: $41,290Liabilities 2013: $2,966Net Assets 2013: $38,3242013Assets 2014: $56,971Liabilities 2014: $1,360Net Assets 2014: $55,6112014Assets 2015: $72,012Liabilities 2015: $10,114Net Assets 2015: $61,8982015Assets 2016: $56,590Liabilities 2016: $6,871Net Assets 2016: $49,7192016Assets 2017: $47,077Liabilities 2017: $8,575Net Assets 2017: $38,5022017Assets 2018: $44,041Liabilities 2018: $6,775Net Assets 2018: $37,2662018Assets 2019: $67,037Liabilities 2019: $3,362Net Assets 2019: $63,6752019Assets 2020: $76,538Liabilities 2020: $4,941Net Assets 2020: $71,5972020Assets 2021: $56,732Liabilities 2021: $1,634Net Assets 2021: $55,0982021Assets 2022: $69,038Liabilities 2022: $1,808Net Assets 2022: $67,2302022Assets 2023: $62,806Liabilities 2023: $654Net Assets 2023: $62,1522023

Highlighted filing

2023

Assets$62,806
Liabilities$654
Net Assets$62,152

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $55,539Expenses 2011: $51,779Net Income 2011: $3,7602011Revenue 2012: $58,712Expenses 2012: $50,271Net Income 2012: $8,4412012Revenue 2013: $88,238Expenses 2013: $62,936Net Income 2013: $25,3022013Revenue 2014: $113,107Expenses 2014: $95,820Net Income 2014: $17,2872014Revenue 2015: $150,189Expenses 2015: $143,902Net Income 2015: $6,2872015Revenue 2016: $110,815Expenses 2016: $122,994Net Income 2016: -$12,1792016Revenue 2017: $95,270Expenses 2017: $106,487Net Income 2017: -$11,2172017Revenue 2018: $98,742Expenses 2018: $99,978Net Income 2018: -$1,2362018Revenue 2019: $142,432Expenses 2019: $116,023Net Income 2019: $26,4092019Revenue 2020: $141,354Expenses 2020: $133,432Net Income 2020: $7,9222020Revenue 2021: $185,621Expenses 2021: $173,509Net Income 2021: $12,1122021Revenue 2022: $203,977Expenses 2022: $191,845Net Income 2022: $12,1322022Revenue 2023: $191,273Expenses 2023: $193,748Net Income 2023: -$2,4752023

Highlighted filing

2023

Revenue$191,273
Expenses$193,748
Net Income-$2,475

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.01$0.62$1.91$1.94$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.02$0.67$2.04$1.92$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.02$0.55$1.86$1.74$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.05$0.72$1.41$1.33$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.67$0.03$0.64$1.42$1.16$0.26
2018Detailed filing. Detailed filing data is available for this year.$0.44$0.07$0.37$0.99$1.00$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.09$0.39$0.95$1.06$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.07$0.50$1.11$1.23$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.10$0.62$1.50$1.44$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.01$0.56$1.13$0.96$0.17
2013Detailed filing. Detailed filing data is available for this year.$0.41$0.03$0.38$0.88$0.63$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.01$0.13$0.59$0.50$0.08
2011Summary only. Only limited summary data is available for this year.$0.06$0.01$0.56$0.52$0.04
Latest Detailed Filing

The latest 2023 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 24, 2023
Return Version
2022v4.1
Gross Receipts
$223,777
Mission and Program Overview

Mission

Promotion of local commerce

The greater florence chamber of commerce promotes, unites, and advocates for our business members to achieve economic growth and prosperity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$55,098$67,230▲ $12,132
Cash and Non-Interest-Bearing Accounts$34,794$37,177▲ $2,383
Accounts Receivable-$17,962-
Savings and Temporary Cash Investments$19,689$11,955▼ $7,734
Inventories for Sale or Use$1,883$1,578▼ $305
Land, Buildings, and Equipment, Net$366$366→ $0
Total Assets$56,732$69,038▲ $12,306
Liabilities
Accounts Payable and Accrued Expenses$654$1,808▲ $1,154
Grants Payable$980--
Total Liabilities$1,634$1,808▲ $174
Net Assets / Fund Balance
Total Net Assets Fund Balance$55,098$67,230▲ $12,132
Total Liabilities and Net Assets / Fund Balance$56,732$69,038▲ $12,306

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$366$9,890-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Susan StephensenChairperson
Derrick GlumDirector
Sandra MitchellDirector
Sophie DessartDirector
Roger C Biede IiiExecutive Director
Rita Ann ReznickSecretarytreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$149,534
Program Service Revenue
$44,846
Investment Income
$9
Other Revenue
$9,588
All Other Contributions
$10,484
Change in Net Assets
$12,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$129,340
Other Expenses$62,056
Total Fundraising Expense$33,145
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$60,121--$60,121
Current Officers, Directors, Trustees, and Key Employees$20,000$20,000$20,000$60,000
All Other Expenses$9,662$7,821-$17,483
Other Expenses$11,791$693$11,533$11,533
Payroll Taxes$5,995$1,612$1,612$9,219
Office Expenses$3,389$3,389-$6,778
Conferences and Meetings-$3,198-$3,198
Fees for Services Accounting-$2,610-$2,610
Insurance$1,267$1,267-$2,534
Advertising$1,562--$1,562
Benefits to Members$449--$449
Total Functional Expenses$118,110$40,590$33,145$191,845
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
Casino Night$13,092$13,092$5,321$7,771
Total Events$13,092$13,092$9,015$4,077
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Any person, association, corporation, partnership, or estate having an interest in the purpose and objectives of the organization shall be eligible for membership. Application for membership shall be in writing on forms provided for that purpose and signed by the applicant. Any applicant shall become a member upon payment of the regularly scheduled investment as provided in section 3 of article ii of the bylaws. In any proceeding in which member voting is called for, each eligible member in good standing shall be entitled to cast one vote.

Member election for additional members Part VI line 7A

The board of directors shall approve a nominating committee, which shall present to the chair & board of directors a slate of candidates to replace the directors whose terms are expiring. Each candidate must be an active member in good standing & must have agreed to accept the responsibility of a directorship. The chair will notify the general membership of the names of the persons nominated as candidates and of the right of petition. Additional candidates may be nominated by the general membership by filing nominations signed by at least 10% of the members in good standing no later than 10 days prior to the board meeting.

Form 990 governing body review Part VI line 11

The form 990 is reviewed by board members during the meeting and approved before signature by the chairperson.

Conflict of interest policy compliance Part VI line 12C

The chamber has a conflict of interest policy form that officers and directors are required to review and sign.

CEO executive director top management comp Part VI line 15A

Compensation of the executive director is discussed annually during a board meeting, and voted on and approved by all board members.

Governing documents etc available to public Part VI line 19

The chambers bylaws are posted on its website. Other documents available on request.

Filing and Contact Details

Filer

Filer Name
Greater Florence Chamber of Commerce Inc
EIN
86-0683213
Address
PO BOX 929, FLORENCE, AZ 85132

Signing Officer

Name
Susan Stephensen
Title
Chairperson
Phone
5208689433
Signed
2023-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Stephensen
Formed
1992
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
45

Preparer

Firm
Toogoods Tax and Accounting Pllc
Address
PO BOX 2999, Florence, AZ 85132
Preparer
Linda Toogood CPA
Phone
5208681040
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

NON-DEDUCTIBLE PENALTIES

Part III response or note to any other line in Part III

The chamber of commerce hosts various events throughout the year which showcase the businesses of the town of florence and the surrounding area, provide motivation for visitors to patronize local businesses, & provide support and networking opportunities for chamber members:1. Networking events for chamber members.2. A state of the the town and county breakfast meeting which is open to the community at large as well as members.3. A series of educational speaking events at mcfarland state historic park, which draw visitors to florence.4. Various free music festivals and events to draw visitors to florence.5. A twice-monthly farmers market, serving local residents as well as winter visitors, and providing local suppliers and artisans an outlet to sell their goods.

Raw XML Appendix389 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.

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IRS990/Desc0THE GREATER FLORENCE CHAMBER OF COMMERCE OPERATES A VISITOR CENTER AT MCFARLAND STATE HISTORIC PARK. IN 2022 THE VISITOR CENTER SERVED 9,000 INDIVIDUALS - 5,319 IN-STATE VISITORS, 2,924 OUT-OF-STATE VISITORS, AND 757 INTERNATIONAL VISITORS. THE VISITOR CENTER SERVES AS AN INITIAL INTRODUCTION TO FLORENCE AND THE SURROUNDING AREA, PROVIDING INFORMATION - BOTH TOURISM-RELATED AND RE-LOCATION INFORMATION PACKETS - FREE OF CHARGE. FOR A SMALL ADDITIONAL ENTRANCE FEE VISITORS MAY CHOOSE TO SELF-TOUR MCFARLAND STATE HISTORIC PARK, THE ORIGINAL PINAL COUNTY COURTHOUSE THAT WAS BUILT IN 1878 FROM ADOBE BRICKS AND LUMBER HAULED FROM NORTHERN ARIZONA. EXHIBITS ALLOW VISITORS TO SEE AND FEEL FOR THEMSELVES THE HISTORY OF FLORENCE AND THE PEOPLE WHO HELPED SHAPE IT. IN 2022, 7,592 VISITORS TOURED MCFARLAND STATE HISTORIC PARK.
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IRS990/ProgramServiceRevenueGrp/Desc0CAR SHOW EVENT
IRS990/ProgramServiceRevenueGrp/Desc1MCFARLAND ENTRANCE FEES
IRS990/ProgramServiceRevenueGrp/Desc2STATE OF THE TOWN & COU
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE GREATER FLORENCE CHAMBER OF COMMERCE HOSTED THE MEMORIES ON MAIN CLASSICS AND CUSTOMS CAR AND BIKE SHOW; A ONE DAY ONLY EVENT. APPROXIMATELY 400 EXHIBITORS FROM AROUND THE US PARKED THEIR CLASSIC AND CUSTOM RIDES ON HISTORIC MAIN STREET IN DOWNTOWN FLORENCE AND SHOWED THEM OFF TO THE ESTIMATED 3,500 SPECTATORS. IN ADDITION TO THE CAR SHOW, THE ATTENDEES WERE ENTERTAINED WITH LIVE MUSIC AND HAD AMPLE OPPORTUNITY TO SHOP AND EAT WITH THE VARIOUS VENDORS AND MAIN STREET STOREFRONT BUSINESSES AND RESTAURANTS. DRAWING A CROWD OF APPROXIMATELY 4,000 TO DOWNTOWN HISTORIC FLORENCE WAS OF GREAT ECONOMIC BENEFIT TO FLORENCE BUSINESS OWNERS. IN ADDITION, MANY ATTENDEES WERE FIRST-TIME VISITORS TO FLORENCE SO THIS WAS AN OPPORTUNITY TO INTRODUCE THEM TO FLORENCE BUSINESSES THAT THEY MAY CHOOSE TO COME PATRONIZE AGAIN IN FUTURE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY PERSON, ASSOCIATION, CORPORATION, PARTNERSHIP, OR ESTATE HAVING AN INTEREST IN THE PURPOSE AND OBJECTIVES OF THE ORGANIZATION SHALL BE ELIGIBLE FOR MEMBERSHIP. APPLICATION FOR MEMBERSHIP SHALL BE IN WRITING ON FORMS PROVIDED FOR THAT PURPOSE AND SIGNED BY THE APPLICANT. ANY APPLICANT SHALL BECOME A MEMBER UPON PAYMENT OF THE REGULARLY SCHEDULED INVESTMENT AS PROVIDED IN SECTION 3 OF ARTICLE II OF THE BYLAWS. IN ANY PROCEEDING IN WHICH MEMBER VOTING IS CALLED FOR, EACH ELIGIBLE MEMBER IN GOOD STANDING SHALL BE ENTITLED TO CAST ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS SHALL APPROVE A NOMINATING COMMITTEE, WHICH SHALL PRESENT TO THE CHAIR & BOARD OF DIRECTORS A SLATE OF CANDIDATES TO REPLACE THE DIRECTORS WHOSE TERMS ARE EXPIRING. EACH CANDIDATE MUST BE AN ACTIVE MEMBER IN GOOD STANDING & MUST HAVE AGREED TO ACCEPT THE RESPONSIBILITY OF A DIRECTORSHIP. THE CHAIR WILL NOTIFY THE GENERAL MEMBERSHIP OF THE NAMES OF THE PERSONS NOMINATED AS CANDIDATES AND OF THE RIGHT OF PETITION. ADDITIONAL CANDIDATES MAY BE NOMINATED BY THE GENERAL MEMBERSHIP BY FILING NOMINATIONS SIGNED BY AT LEAST 10% OF THE MEMBERS IN GOOD STANDING NO LATER THAN 10 DAYS PRIOR TO THE BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY BOARD MEMBERS DURING THE MEETING AND APPROVED BEFORE SIGNATURE BY THE CHAIRPERSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHAMBER HAS A CONFLICT OF INTEREST POLICY FORM THAT OFFICERS AND DIRECTORS ARE REQUIRED TO REVIEW AND SIGN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF THE EXECUTIVE DIRECTOR IS DISCUSSED ANNUALLY DURING A BOARD MEETING, AND VOTED ON AND APPROVED BY ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CHAMBERS BYLAWS ARE POSTED ON ITS WEBSITE. OTHER DOCUMENTS AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NON-DEDUCTIBLE PENALTIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CHAMBER OF COMMERCE HOSTS VARIOUS EVENTS THROUGHOUT THE YEAR WHICH SHOWCASE THE BUSINESSES OF THE TOWN OF FLORENCE AND THE SURROUNDING AREA, PROVIDE MOTIVATION FOR VISITORS TO PATRONIZE LOCAL BUSINESSES, & PROVIDE SUPPORT AND NETWORKING OPPORTUNITIES FOR CHAMBER MEMBERS:1. NETWORKING EVENTS FOR CHAMBER MEMBERS.2. A STATE OF THE THE TOWN AND COUNTY BREAKFAST MEETING WHICH IS OPEN TO THE COMMUNITY AT LARGE AS WELL AS MEMBERS.3. A SERIES OF EDUCATIONAL SPEAKING EVENTS AT MCFARLAND STATE HISTORIC PARK, WHICH DRAW VISITORS TO FLORENCE.4. VARIOUS FREE MUSIC FESTIVALS AND EVENTS TO DRAW VISITORS TO FLORENCE.5. A TWICE-MONTHLY FARMERS MARKET, SERVING LOCAL RESIDENTS AS WELL AS WINTER VISITORS, AND PROVIDING LOCAL SUPPLIERS AND ARTISANS AN OUTLET TO SELL THEIR GOODS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part III response or note to any other line in Part III
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN STEPHENSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum05208689433
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREATER FLORENCE CHAMBER OF COMMERCE INC
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0860683213
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 929
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264355998
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TOOGOODS TAX AND ACCOUNTING PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2999
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Florence
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
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ReturnHeader/PreparerPersonGrp/PhoneNum05208681040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LINDA TOOGOOD CPA
ReturnHeader/ReturnTs02023-02-24T17:54:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SUSAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STEPHENSEN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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