GREATER NEW SMYRNA BEACH CHAMBER OF COMMERCE

EIN: 590542380

NEW SMYRNA BEACH, FL

Total Revenue
$350,430
Total Expenses
$331,053
Total Assets
$189,803
Net Assets
$188,709
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
FL
Principal Officer
MICHAEL LYONS
Phone
3864282449
Tax Period
2023-01-01 to 2023-12-31

GREATER NEW SMYRNA BEACH CHAMBER OF COMMERCE, founded in 1978, is a small nonprofit that reported $350K in total revenue in fiscal year 2023. Expenses of $331K left a modest 6% surplus.

Mission

THE CHAMBER CONVENES LOCAL BUSINESSES AND GOVERNMENTAL ENTITIES TO BUILD PARTNERSHIPS THAT FOSTER COMMUNITY. THEY NURTURE BUSINESSES AND THEIR EMPLOYEES THROUGH LEADERSHIP PROGRAMS, COMMUNITY FORUMS, NETWORKING, AND SPECIAL EVENTS. BY TAKING ON BIG CHALLENGES, THEY GAIN GREATER EXPOSURE BEYOND SOUTHEAST VOLUSIA.

Program Service Accomplishments

Program 1

THE CHAMBER'S LEADERSHIP PROGRAM: L.E.A.D. SEV IS A CORNERSTONE OF THE CHAMBER'S MISSION TO FOSTER COMMUNITY AND BUSINESS DEVELOPMENT. THIS ESSENTIAL PROGRAM EQUIPS EMERGING LEADERS WITH THE SKILLS...

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THE CHAMBER'S LEADERSHIP PROGRAM: L.E.A.D. SEV IS A CORNERSTONE OF THE CHAMBER'S MISSION TO FOSTER COMMUNITY AND BUSINESS DEVELOPMENT. THIS ESSENTIAL PROGRAM EQUIPS EMERGING LEADERS WITH THE SKILLS, KNOWLEDGE, AND NETWORKS NECESSARY TO DRIVE POSITIVE CHANGE WITHIN THE REGION. THROUGH A SERIES OF WORKSHOPS, PANEL DISCUSSIONS, AND FACILITY TOURS, PARTICIPANTS GAIN INVALUABLE INSIGHTS AND EXPERIENCES THAT CONTRIBUTE TO BOTH THEIR PERSONAL GROWTH AND THE BROADER ECONOMIC VITALITY OF SOUTHEAST VOLUSIA.

Program 2

THE SOUTHEAST VOLUSIA CHAMBER OF COMMERCE'S ANNUAL AWARDS CEREMONY CELEBRATES BUSINESS EXCELLENCE AND ACHIEVEMENT WITHIN THE COMMUNITY. THIS PRESTIGIOUS EVENT INCLUDES THE 33RD ANNUAL CRYSTAL APPLE...

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THE SOUTHEAST VOLUSIA CHAMBER OF COMMERCE'S ANNUAL AWARDS CEREMONY CELEBRATES BUSINESS EXCELLENCE AND ACHIEVEMENT WITHIN THE COMMUNITY. THIS PRESTIGIOUS EVENT INCLUDES THE 33RD ANNUAL CRYSTAL APPLE AWARDS, WHICH HONOR OUTSTANDING EDUCATORS IN THE REGION. BY RECOGNIZING BOTH BUSINESS LEADERS AND EDUCATORS, THE CHAMBER UNDERSCORES ITS COMMITMENT TO FOSTERING A THRIVING, INTERCONNECTED COMMUNITY. THE AWARDS CEREMONY NOT ONLY HIGHLIGHTS EXCEPTIONAL CONTRIBUTIONS BUT ALSO INSPIRES CONTINUED DEDICATION TO EXCELLENCE ACROSS ALL SECTORS.

Program 3

THE CHAMBER'S ANNUAL REGIONAL ECONOMIC SUMMIT IS A PIVOTAL EVENT THAT UNITES THE THREE CITIES AND VOLUSIA COUNTY TO COLLABORATIVELY ADVANCE THE REGIONAL ECONOMIC STRATEGY ADOPTED IN 2022. THIS SUMMIT...

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THE CHAMBER'S ANNUAL REGIONAL ECONOMIC SUMMIT IS A PIVOTAL EVENT THAT UNITES THE THREE CITIES AND VOLUSIA COUNTY TO COLLABORATIVELY ADVANCE THE REGIONAL ECONOMIC STRATEGY ADOPTED IN 2022. THIS SUMMIT SERVES AS A DYNAMIC PLATFORM FOR LOCAL LEADERS, BUSINESSES, AND STAKEHOLDERS TO DISCUSS AND IMPLEMENT STRATEGIC INITIATIVES AIMED AT FOSTERING ECONOMIC GROWTH, INNOVATION, AND SUSTAINABILITY ACROSS THE REGION. BY BRINGING TOGETHER DIVERSE PERSPECTIVES AND EXPERTISE, THE SUMMIT AIMS TO STRENGTHEN REGIONAL PARTNERSHIPS AND DRIVE FORWARD A SHARED VISION FOR A PROSPEROUS FUTURE.

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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 $166,174
Program Service Revenue $154,683
Investment Income $4,753
Other Revenue $24,820
TOTAL REVENUE $350,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $234,328
Fundraising Expenses $0
Other Expenses $96,725
TOTAL EXPENSES $331,053

Year-over-Year Comparison

2023 2022 Change
Revenue $350,430 $339,360 +0.0%
Expenses $331,053 $368,389 -0.1%
Net Income $19,377 $-29,029 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
6
Volunteers
75

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAISEY BALBOA BOARD MEMBER 4.00
Director
$0 $0 $0
RENATO CAPPUCCITTIO EXECUTIVE BD 4.00
Director
$0 $0 $0
JARRETT CORY BOARD MEMBER 4.00
Director
$0 $0 $0
JACKIE EMMA BOARD MEMBER 4.00
Director
$0 $0 $0
JENNIFER GRIFFIN BOARD MEMBER 4.00
Director
$0 $0 $0
PAM ISON EXECUTIVE BD 4.00
Director
$0 $0 $0
TIM LOOMIS BOARD MEMBER 4.00
Director
$0 $0 $0
JIM RUSHING BOARD MEMBER 4.00
Director
$0 $0 $0
BOB WILLIAMS BOARD MEMBER 4.00
Director
$0 $0 $0
RENEE ANDRUS SECRETARY 6.00
Officer
$0 $0 $0
MARK BILLINGS TREASURER 6.00
Officer
$0 $0 $0
OE BURKE VICE PRESIDE 6.00
Officer
$0 $0 $0
E BLISS JAMISON BOARD MEMBER 6.00
Officer
$0 $0 $0
MICHAEL LYONS PRESIDENT 6.00
Officer
$0 $0 $0
SCOTT STEGER PAST PRESIDE 6.00
Officer
$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
2024 No data No data No data No data
2023 $350,430 $331,053 $189,803 $19,377
2022 $339,360 $368,389 $173,555 $-29,029
2021 $366,452 $301,326 $198,361 $65,126
2020 $270,446 $289,597 $164,235 $-19,151
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