GREATER BOCA RATON CHAMBER OF COMMERCE EDUCATION FOUNDATION INC

EIN: 650181758 501(c)(3) Education

BOCA RATON, FL

Total Revenue
$182,926
Total Expenses
$280,819
Total Assets
$352,546
Net Assets
$352,546
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
FL
Principal Officer
TROY M MCLELLAN
Phone
5613954433
Tax Period
2024-11-01 to 2025-10-31

GREATER BOCA RATON CHAMBER OF COMMERCE EDUCATION FOUNDATION INC, founded in 1990, is a small nonprofit in the Education sector that reported $183K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $281K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE MISSION OF THE BOCA RATON CHAMBER OF COMMERCE EDUCATION FOUNDATION (ALSO KNOWN AS GOLDEN BELL EDUCATION FOUNDATION) IS TO SUPPORT BOCA RATON'S PUBLIC SCHOOL SYSTEM BY RAISING AND ADMINISTERING FUNDS FOR EDUCATIONAL PROGRAMS THAT PROMOTE BUSINESS SKILLS FOR GRADE SCHOOL STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $151,162

GRANTS TOTALING $151,162 WERE DONATED TO SCHOOLS AND NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE EDUCATIONAL SCHOLARSHIPS AND PROMOTE THE ARTS.

Program 2
Expenses: $6,482

YOUNG ENTREPRENEURS ACADEMY PROGRAM ("YEA PROGRAM") IS A PROGRAM THAT TEACHES MIDDLE AND HIGH SCHOOL STUDENTS ABOUT BUSINESS. THE PROGRAM INCLUDES CLASSES ON DEVELOPING BUSINESS IDEAS, WRITING...

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YOUNG ENTREPRENEURS ACADEMY PROGRAM ("YEA PROGRAM") IS A PROGRAM THAT TEACHES MIDDLE AND HIGH SCHOOL STUDENTS ABOUT BUSINESS. THE PROGRAM INCLUDES CLASSES ON DEVELOPING BUSINESS IDEAS, WRITING BUSINESS PLANS, CONDUCTING MARKET RESEARCH, SELLING BUSINESS PLANS TO A PANEL OF INVESTORS, AND ACTUALLY LAUNCHING AND RUNNING A FULLY FORMED INCORPORATED COMPANY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $151,480
Program Service Revenue $0
Investment Income $7
Other Revenue $31,439
TOTAL REVENUE $182,926

Expense Breakdown

Grants Paid $151,162
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $157,644
Other Expenses $129,657
TOTAL EXPENSES $280,819

Year-over-Year Comparison

2024 2023 Change
Revenue $182,926 $247,572 -0.3%
Expenses $280,819 $261,906 +0.1%
Net Income $-97,893 $-14,334 +5.8%
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
15
Independent Members
15
Employees
N/A
Volunteers
25

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
3
$287,659
Total Directors
15
$287,659
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB FRARE DIRECTOR 1.00
Director
$0 $0 $0
CHUCK STOUT CHAIRMAN 1.00
Officer Director
$0 $0 $0
ELKE BOJES DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER JAGER DIRECTOR 1.00
Director
$0 $0 $0
LISE ORR DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE ADAMS DIRECTOR 1.00
Director
$0 $0 $0
RICHARD MURDOCH DIRECTOR 1.00
Director
$0 $0 $0
SUSAN SATURDAY DIRECTOR 1.00
Director
$0 $0 $0
SETH ELLIS DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY SNOW TREASURER 1.00
Officer Director
$0 $0 $0
TROY MCLELLAN SECRETARY 1.00
Officer Director
$0 $0 $287,659
DIANE HEARD DIRECTOR 1.00
Director
$0 $0 $0
ZOE MALONEY DIRECTOR 1.00
Director
$0 $0 $0
JACKIE REEVES DIRECTOR 1.00
Director
$0 $0 $0
DAMIAN ENGLAND 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 $182,926 $280,819 $352,546 $-97,893
2024 $247,572 $261,906 $450,438 $-14,334
2023 $159,515 $178,715 $378,429 $-19,200
2022 $146,239 $164,839 $467,514 $-18,600
2021 $117,240 $129,293 $453,918 $-12,053
2020 $108,944 $142,492 $460,859 $-33,548
2019 $198,884 $162,631 $500,619 $36,253
2018 $188,470 $163,605 $460,128 $24,865
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