INDIAN RIVER COUNTY CHAMBER OF COMMERCE INC

EIN: 590493830

VERO BEACH, FL

Total Revenue
$1,646,174
Total Expenses
$1,639,541
Total Assets
$999,279
Net Assets
$777,004
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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
FL
Principal Officer
ANDREA BEAM
Phone
7725673491
Tax Period
2024-10-01 to 2025-09-30

INDIAN RIVER COUNTY CHAMBER OF COMMERCE INC, founded in 1942, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024.

Mission

THE INDIAN RIVER COUNTY CHAMBER OF COMMERCE, INC. IS A COUNTY-WIDE ORGANIZATION REPRESENTING THE BUSINESS COMMUNITY BY PROVIDING SERVICES, BENEFITS, AND LEADERSHIP FOR POSITIVE ECONOMIC GROWTH AND CHANGE.

Program Service Accomplishments

Program 1
Expenses: $1,454,398

THE INDIAN RIVER COUNTY CHAMBER OF COMMERCE, INC IS A COUNTY-WIDE ORGANIZATION REPRESENTING THE BUSINESS COMMUNITY BY PROVIDING SERVICES, BENEFITS AND LEADERSHIP FOR POSITIVE ECONOMIC GROWTH AND...

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THE INDIAN RIVER COUNTY CHAMBER OF COMMERCE, INC IS A COUNTY-WIDE ORGANIZATION REPRESENTING THE BUSINESS COMMUNITY BY PROVIDING SERVICES, BENEFITS AND LEADERSHIP FOR POSITIVE ECONOMIC GROWTH AND CHANGE AND TO ENHANCE AND PRESERVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE OF ALL CITIZENS IN INDIAN RIVER COUNTY, FLORIDA.

Program 2

THE ECONOMIC DEVELOPMENT DIVISION OF THE INDIAN RIVER CHAMBER OF COMMERCE, INC. SERVES THE FUNCTION AS THE DESIGNATED ECONOMIC DEVELOPMENT ORGANIZATION (EDO) FOR INDIAN RIVER COUNTY TO PROVIDE...

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THE ECONOMIC DEVELOPMENT DIVISION OF THE INDIAN RIVER CHAMBER OF COMMERCE, INC. SERVES THE FUNCTION AS THE DESIGNATED ECONOMIC DEVELOPMENT ORGANIZATION (EDO) FOR INDIAN RIVER COUNTY TO PROVIDE BUSINESS ATTRACTION, DEVELOPMENT, AND THE RETENTION OF BUSINESSES WITH A GOAL OF JOB CREATION. THE OBJECTIVES ARE DEFINED IN THE ECONOMIC DEVELOPMENT ELEMENT OF THE COUNTY'S COMPREHENSIVE PLAN AS ADOPTED BY THE INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS. AN ECONOMIC DEVELOPMENT BUDGET, STRATEGIC PLAN, AND MARKETING PLAN ARE REVISED AND APPROVED BY THE INDIAN RIVER CHAMBER OF COMMERCE, INC'S BOARD AND THE COUNTY'S ECONOMIC DEVELOPMENT COUNCIL THAT SERVES IN AN ADVISORY CAPACITY TO THE COUNTY COMMISSION.

Program 3

THE TOURISM DIVISION OF THE INDIAN RIVER COUNTY CHAMBER OF COMMERCE, INC. SERVES THE FUNCTION AS THE DESIGNATED TOURISM, MARKETING AND PROMOTION ORGANIZATION FOR INDIAN RIVER COUNTY TO PROMOTE THE...

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THE TOURISM DIVISION OF THE INDIAN RIVER COUNTY CHAMBER OF COMMERCE, INC. SERVES THE FUNCTION AS THE DESIGNATED TOURISM, MARKETING AND PROMOTION ORGANIZATION FOR INDIAN RIVER COUNTY TO PROMOTE THE COMMUNITIES AND VENUES IN INDIAN RIVER COUNTY AND AS TRAVEL/VACATION/BUSINESS DESTINATIONS FOR VISITORS. THE CHAMBERS SERVES AS THE OFFICIAL VISITOR CENTER AND IS RESPONSIBLE FOR COMPREHENSIVE ADVERTISING, MATERIALS INCLUDING ELECTRONIC MATERIALS, SOCIAL MEDIA, MEDIA AND VIDEOS USED IN SUCH MARKETING EFFORTS. A TOURISM FOCUSES BUDGET, STRATEGIC PLAN, AND MARKETING PLAN ARE PRESENTED TO AND APPROVED BY THE INDIAN RIVER COUNTY CHAMBER OF COMMERCE, INC'S BOARD, AND THE COUNTY'S TOURISM DEVELOPMENT COUNCIL THAT SERVES IN AN ADVISORY CAPACITY TO THE COUNTY COMMISSION.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,499,795
Program Service Revenue $35,601
Investment Income $0
Other Revenue $110,778
TOTAL REVENUE $1,646,174

Expense Breakdown

Grants Paid $0
Salaries & Benefits $561,697
Fundraising Expenses $11,683
Program Expenses $1,454,398
Other Expenses $1,077,844
TOTAL EXPENSES $1,639,541

Year-over-Year Comparison

2024 2023 Change
Revenue $1,646,174 $1,600,750 +0.0%
Expenses $1,639,541 $1,761,529 -0.1%
Net Income $6,633 $-160,779 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
13
Volunteers
N/A

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
5
$74,941
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREA BEAM PRESIDENT 40.00
Officer
$68,083 $6,858 $74,941
SHANE MULLAN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
AARON BOWLES VICE CHAIR 1.00
Director
$0 $0 $0
JON MOSES TREASURER 1.00
Officer Director
$0 $0 $0
DONNA D'ALFONSO IMMEDIATE PA 1.00
Officer Director
$0 $0 $0
MICHAEL KISSNER PAST CHAIR 1.00
Officer Director
$0 $0 $0
KEVIN ROLLIN DIRECTOR 1.00
Director
$0 $0 $0
PATRICK FAUCHEUX DIRECTOR 1.00
Director
$0 $0 $0
DR TERRI GRAHAM DIRECTOR 1.00
Director
$0 $0 $0
RICHARD GIESSERT DIRECTOR 1.00
Director
$0 $0 $0
BRIAN HOLMES DIRECTOR 1.00
Director
$0 $0 $0
KEITH KITE DIRECTOR 1.00
Director
$0 $0 $0
CARRIE MAYNARD-LESTER DIRECTOR 1.00
Director
$0 $0 $0
DANNY MARKFORD DIRECTOR 1.00
Director
$0 $0 $0
MATT TANNER DIRECTOR 1.00
Director
$0 $0 $0
ANNA VALENCIA- TILLERY DIRECTOR 1.00
Director
$0 $0 $0
CHRIS WOODRUFF DIRECTOR 1.00
Director
$0 $0 $0
MICHELE MURRELL DIRECTOR 1.00
Director
$0 $0 $0
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
2025 $1,646,174 $1,639,541 $999,279 $6,633
2024 $1,600,750 $1,761,529 $982,536 $-160,779
2023 $1,371,046 $1,512,011 $1,127,212 $-140,965
2022 $1,165,456 $1,292,750 $1,237,683 $-127,294
2021 $1,257,840 $1,126,016 $1,411,656 $131,824
2020 $1,109,210 $1,206,144 $1,315,065 $-96,934
2019 $1,160,724 $1,255,206 $1,309,669 $-94,482
2018 $1,081,766 $1,133,958 $1,385,833 $-52,192
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