MIAMI BEACH CHAMBER OF COMMERCE

EIN: 590358295

MIAMI BEACH, FL

Total Revenue
$1,175,373
Total Expenses
$1,180,027
Total Assets
$1,309,618
Net Assets
$610,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
FL
Principal Officer
BRITTNIE BASSANT
Phone
3056741300
Tax Period
2023-10-01 to 2024-09-30

MIAMI BEACH CHAMBER OF COMMERCE, founded in 1974, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023.

Mission

THE CHAMBER IS ORGANIZED FOR THE PURPOSE OF ADVANCING THE ECONOMIC, PROFESSIONAL, CULTURAL, EDUCATIONAL AND CIVIC WELFARE OF MIAMI BEACH AND THE AREA SURROUNDING MIAMI BEACH, FLORIDA. THE CHAMBER IS COMMITTED TO ENCOURAGING THE GROWTH OF EXISTING INDUSTRIES AND BUSINESSES, WHILE GIVING ASSISTANCE TO NEW BUSINESSES LOCATED IN MIAMI BEACH AND THE IMMEDIATE SURROUNDINGS. THE CHAMBER IS EQUALLY COMMITTED TO THE ORDERLY PROGRESS AND DEVELOPMENT OF MIAMI BEACH AND TO PROMOTE THE WELFARE OF ITS CITIZENS, BUSINESS INTEREST AND GOOD GOVERNMENT.

Program Service Accomplishments

Program 1
Expenses: $16,667 Revenue: $166,171

QUARTERLY PILLAR BREAKFAST: EACH QUARTER THE CHAMBER HOSTS A MAJOR PUBLIC POLICY CONFERENCE COMPRISING MANY OF THE MOST INFLUENTIAL BUSINESS LEADERS IN THE COMMUNITY. A GUEST SPEAKER GIVES INSIGHTS...

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QUARTERLY PILLAR BREAKFAST: EACH QUARTER THE CHAMBER HOSTS A MAJOR PUBLIC POLICY CONFERENCE COMPRISING MANY OF THE MOST INFLUENTIAL BUSINESS LEADERS IN THE COMMUNITY. A GUEST SPEAKER GIVES INSIGHTS AND PROVIDES CONTEXT FOR ISSUES AFFECTING LOCAL BUSINESSES. THIS BREAKFAST IS USUALLY ATTENDED BY APPROXIMATELY ONE HUNDRED AND FIFTY BUSINESS LEADERS OF THE CITY OF MIAMI BEACH.

Program 2
Expenses: $8,300 Revenue: $425

CHAMPIONS OF BUSINESS: THIS EVENT IS HELD BI-ANNUALLY AND TAKES PLACE IN THE FORM OF A DISCUSSION PANEL OF BUSINESS AND COMMUNITY LEADERS. THE EVENT BOASTS AN ATTENDANCE OF SOME THREE HUNDRED AND...

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CHAMPIONS OF BUSINESS: THIS EVENT IS HELD BI-ANNUALLY AND TAKES PLACE IN THE FORM OF A DISCUSSION PANEL OF BUSINESS AND COMMUNITY LEADERS. THE EVENT BOASTS AN ATTENDANCE OF SOME THREE HUNDRED AND EIGHTY PERSONS AND INCLUDES VARIOUS DISCUSSIONS ON ISSUES AFFECTING THE BUSINESS COMMUNITY.

Program 3
Expenses: $47,960

VISIT MIAMI BEACH: THIS IS A VISITOR INFORMATION CENTER. IT IS OPEN FIVE DAYS PER WEEK AND IS USUALLY STAFFED BY ONE EMPLOYEE OF THE CHAMBER. THE CENTER SERVES CONVENTIONEERS AND OTHER VISITORS...

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VISIT MIAMI BEACH: THIS IS A VISITOR INFORMATION CENTER. IT IS OPEN FIVE DAYS PER WEEK AND IS USUALLY STAFFED BY ONE EMPLOYEE OF THE CHAMBER. THE CENTER SERVES CONVENTIONEERS AND OTHER VISITORS ANNUALLY AND PROVIDES INFORMATION AND ASSISTANCE ON LOCAL SOCIAL AND ECONOMIC ACTIVITIES AVAILABLE IN MIAMI BEACH AND NEIGHBORING COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $216,000
Program Service Revenue $811,900
Investment Income $18,912
Other Revenue $128,561
TOTAL REVENUE $1,175,373

Expense Breakdown

Grants Paid $0
Salaries & Benefits $584,133
Fundraising Expenses $66,079
Program Expenses $901,458
Other Expenses $595,894
TOTAL EXPENSES $1,180,027

Year-over-Year Comparison

2023 2022 Change
Revenue $1,175,373 $1,152,935 +0.0%
Expenses $1,180,027 $1,233,024 0.0%
Net Income $-4,654 $-80,089 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
71
Independent Members
71
Employees
13
Volunteers
7

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$52,923
Total Directors
71
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD SEGAL CHAIR-ELECT 0.10
Officer Director
$0 $0 $0
SEUTH FEUER VICE CHAIR 0.10
Officer Director
$0 $0 $0
ALFREDO J GONZALEZ VICE CHAIR 0.10
Officer Director
$0 $0 $0
LINSEY LOVELL VICE CHAIR 0.10
Officer Director
$0 $0 $0
STEVEN KREINIK TREASURER 0.10
Officer Director
$0 $0 $0
AARON RESNICK ESQ BOARD MEMBER 0.10
Director
$0 $0 $0
ALEX SPILLIS BOARD MEMBER 0.10
Director
$0 $0 $0
ANA CECILIA VELASCO BOARD MEMBER 0.10
Director
$0 $0 $0
ANDRES ASION BOARD MEMBER 0.10
Director
$0 $0 $0
ANTHONY NOBOA BOARD MEMBER 0.10
Director
$0 $0 $0
ARATHI RAMAPPA EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
ARON U RASKAS EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
BRENT LATHAM BOARD MEMBER 0.10
Director
$0 $0 $0
BRETTON HUNCHAK BOARD MEMBER 0.10
Director
$0 $0 $0
BRUCE GOULD EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
BRUCE SIEGEL BOARD MEMBER 0.10
Director
$0 $0 $0
CALVIN KOHLI BOARD MEMBER 0.10
Director
$0 $0 $0
CECILIA TORRES-TOLEDO BOARD MEMBER 0.10
Director
$0 $0 $0
CHIEF WAYNE JONES EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
CHRIS ROLLINS EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
COLE BOUCHER BOARD MEMBER 0.10
Director
$0 $0 $0
COMMISSIONER ALEX FERNANDEZ BOARD MEMBER 0.10
Director
$0 $0 $0
DANIELLE D'ALESSANDRO BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID GRUTMAN BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID MARTIN BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID WHITAKER BOARD MEMBER 0.10
Director
$0 $0 $0
DON PEEBLES BOARD MEMBER 0.10
Director
$0 $0 $0
EMILY SHERMAN BOARD MEMBER 0.10
Director
$0 $0 $0
ERIC SEGRETI BOARD MEMBER 0.10
Director
$0 $0 $0
ERIN DOWD BOARD MEMBER 0.10
Director
$0 $0 $0
EVA DIAS BOARD MEMBER 0.10
Director
$0 $0 $0
FRED BEAN EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
FREDDIE PETERSON EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
GEORGE MOHAMA BOARD MEMBER 0.10
Director
$0 $0 $0
GUS DOYLE BOARD MEMBER 0.10
Director
$0 $0 $0
JAMIL DIB BOARD MEMBER 0.10
Director
$0 $0 $0
JAMIL DIB ADDITIONAL REP ELBA MACHA BOARD MEMBER 0.10
Director
$0 $0 $0
JASON INASI BOARD MEMBER 0.10
Director
$0 $0 $0
JAY P PARKER ESQ BOARD MEMBER 0.10
Director
$0 $0 $0
JEEVAN TILLIT EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
JIMMY ROCCO BOUCHER BOARD MEMBER 0.10
Director
$0 $0 $0
JOE HRBEK BOARD MEMBER 0.10
Director
$0 $0 $0
JOHN STUART EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
JORGE GONZALEZ BOARD MEMBER 0.10
Director
$0 $0 $0
JORGE J GONZALEZ BOARD MEMBER 0.10
Director
$0 $0 $0
JUNE HENDERSON BOARD MEMBER 0.10
Director
$0 $0 $0
KENNETH WRIGHT BOARD MEMBER 0.10
Director
$0 $0 $0
LYLE STERN EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
MADELEINE ROMANELLO EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
MARISA GALBUT BOARD MEMBER 0.10
Director
$0 $0 $0
MARK J GEMIGNANI EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
MATIS N COHEN EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
MAX SKLAR BOARD MEMBER 0.10
Director
$0 $0 $0
MEHDI KHACHANI BOARD MEMBER 0.10
Director
$0 $0 $0
MICHAEL C GRIECO BOARD MEMBER 0.10
Director
$0 $0 $0
MICHAEL S GOLDBERG EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
MICHAEL W LARKIN BOARD MEMBER 0.10
Director
$0 $0 $0
MUTLUHAN KUCUK BOARD MEMBER 0.10
Director
$0 $0 $0
OMAR BAR-SADEH BOARD MEMBER 0.10
Director
$0 $0 $0
PATRICIO FERNANDEZ BOARD MEMBER 0.10
Director
$0 $0 $0
PAUL M LOWENTHAL EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
PEGGY BENUA BOARD MEMBER 0.10
Director
$0 $0 $0
PETER KANAVOS BOARD MEMBER 0.10
Director
$0 $0 $0
REINALDO BORGES EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
RICHARD POTOTSKY EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
ROBIN JACOBS EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
SANDOR SCHER BOARD MEMBER 0.10
Director
$0 $0 $0
SHEILA DUFFY-LEHRMAN BOARD MEMBER 0.10
Director
$0 $0 $0
SUZANNE BECKMANN BOARD MEMBER 0.10
Director
$0 $0 $0
THAIS A ASPER BOARD MEMBER 0.10
Director
$0 $0 $0
WAYNE PATHMAN EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
BRITTNIE R BASSANT PRESIDENT/CEO 0.10
Officer
$52,923 $0 $52,923
JEROME E LIBBIN FORMER PRESIDENT/CEO 0.10
$230,809 $2,164 $232,973
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,175,373 $1,180,027 $1,309,618 $-4,654
2023 $1,152,935 $1,233,024 $1,591,917 $-80,089
2022 $1,292,268 $1,148,508 $1,585,231 $143,760
2021 $940,423 $1,060,038 $1,651,512 $-119,615
2020 $960,820 $987,227 $1,774,451 $-26,407
2019 $1,372,036 $1,357,294 $1,583,091 $14,742
2018 $1,333,551 $1,377,964 $1,631,752 $-44,413
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