2025-11-17T16:59:58-06:00 2024-12-31 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2024-01-01 590504407 Chamber of Commerce of the Palm Beaches Inc CHAM 5618333711 401 North Flagler Drive West Palm Beach FL 33401 Michael Zeff President/CEO 5618333711 2025-11-15 1 0 Scott Y Haynes CPA P01366363 5616896000 2024 2025-03-06 01:10:19Z Michael Zeff 401 North Flagler Drive West Palm Beach FL 33401 1635849 0 X www.palmbeaches.org X 1913 FL The Chamber of Commerce of the Palm Beaches represents businesses that (continues on Schedule O) have come together to advance the economic, industrial and civic interests of the Palm Beaches. The Chamber strives to support projects that lead to a stronger economy and an improved quality of life. Annual membership investments finance programs that are designed to meet the goals established by the board of directors and the executive committee, who set policy on behalf of the membership. 36 35 13 32 13500 0 0 0 1208707 1426574 31270 19151 0 15000 1239977 1460725 0 0 0 0 511188 526403 0 0 0 794951 827548 1306139 1353951 -66162 106774 1104964 1170737 547088 445669 557876 725068 X The mission of the Chamber of Commerce of the Palm Beaches is to create and promote a favorable business climate in the Palm Beaches. This is accomplished by energetically representing the collective interests of business in the private and (continues on Schedule O) public decision-making process, by disseminating relevant information and other services to the membership and by becoming involved in all aspects of community life that affect the business climate. The mission is financed through fair and equitable membership investments dues, special events, and sales of services. 0 0 The Chamber of Commerce publishes various periodicals and other information such as newsletters, county guides and data through various outlets and the internet which are accessible by the general public. The Chamber also manages several county events for its members and the general public such as award dinners and ceremonies. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 13 1 1 1 0 0 0 0 0 0 0 X 36 35 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 1 0 FL X X Michael Zeff 5618333711 401 North Flagler Drive West Palm Beach FL 33401 Alexandria Ayala Member-Bd. of Dir. 2.00 X X 0 0 0 Ali Soule Member-Bd. of Dir. 2.00 X 0 0 0 Allen Gast Secretary 2.00 X X 0 0 0 Andrew Ashby Member-Bd. of Dir. 2.00 X 0 0 0 Barbara James Member-Bd. of Dir. 2.00 X 0 0 0 Bill Bone Member-Bd. of Dir. 2.00 X 0 0 0 Brandon Cabrera Member-Bd. of Dir. 2.00 X 0 0 0 Donald Burgess June 30 2024 Former President/CEO 40.00 X X 55599 0 9129 Chris Inman Member-Bd. of Dir. 2.00 X 0 0 0 Cody Crowell Member-Bd. of Dir. 2.00 X 0 0 0 Cynthia McCaulay Member-Bd. of Dir. 2.00 X 0 0 0 David Gobeo Treasurer 2.00 X X 0 0 0 Deborah Johnson Member-Bd. of Dir. 2.00 X 0 0 0 Don Kiselewski Member-Bd. of Dir. 2.00 X 0 0 0 Dr J Duane Meeks Member-Bd. of Dir. 2.00 X 0 0 0 Dr Debra Schwinn Member-Bd. of Dir. 2.00 X 0 0 0 Elizabeth Houlihan Member-Bd. of Dir. 2.00 X 0 0 0 Eileen O'Malley Member-Bd. of Dir. 2.00 X 0 0 0 Grasford Smith Member-Bd. of Dir. 2.00 X 0 0 0 James Johnson Chair Elect 2.00 X X 0 0 0 John Bowers Member-Bd. of Dir. 2.00 X 0 0 0 Katie Block Member-Bd. of Dir. 2.00 X X 0 0 0 Ken Tuma Member-Bd. of Dir. 2.00 X 0 0 0 Kimberly Lea Past Chair 2.00 X X 0 0 0 Matt Chait Member-Bd. of Dir. 2.00 X 0 0 0 Matthew Wallsmith Member-Bd. of Dir. 2.00 X 0 0 0 Michael Davis Chair 2.00 X X 0 0 0 Michael Zeff President/CEO 40.00 X X 25881 0 0 Ned Grace Member-Bd. of Dir. 2.00 X 0 0 0 Rex Kirby Member-Bd. of Dir. 2.00 X 0 0 0 Ryan Hobbie Member-Bd. of Dir. 2.00 X 0 0 0 Sean Denyse Member-Bd. of Dir. 2.00 X 0 0 0 Sheri Montgomery Member-Bd. of Dir. 2.00 X 0 0 0 Tara Duhy General Counsel 2.00 X X 0 0 0 William Edgar Member-Bd. of Dir. 2.00 X 0 0 0 W Dale Kahle Member-Bd. of Dir. 2.00 X 0 0 0 Zachary Jacobson Member-Bd. of Dir. 2.00 X 0 0 0 Dennis Grady October 31 2024 Former Interim President/CEO 40.00 X 42314 0 0 123794 0 9129 0 0 0 0 0 Membership Dues 900099 567181 567181 Breakfast 900099 280617 280617 Trustee Revenue 900099 242996 242996 Annual Dinner 900099 113097 113097 Athena Awards 900099 74145 74145 148538 135038 13500 1426574 25150 25150 15000 15000 169125 175124 -5999 -5999 -5999 1460725 1428074 13500 19151 132923 295971 7504 51051 38954 22800 10395 6737 151381 13455 17985 566 13355 19699 36464 Projects and Special Ev 462769 Building Maintenance 47564 Payroll processing fees 9502 Lease costs 8659 6217 1353951 108678 95290 28834 70126 13081 7426 2805 984432 829250 173881 155182 739977 822673 6000 5000 27087 19661 1104964 1170737 28187 65477 491699 360454 27202 19738 547088 445669 X 363971 541159 193905 183909 557876 725068 1104964 1170737 106774 60418 0 X X 1 X 0 0 0 814838 674755 140083 34524 33073 1451 135070 121422 13648 155182 Right of Use Obligation 19738 19738 X 1517643 60418 60418 1457225 3500 3500 1460725 1350451 0 1350451 3500 3500 1353951 Part X, Line 2: The Chamber is a membership organization organized under Internal Revenue Code Section 501(c)(6), and as such, is exempt from federal and state income taxes except for unrelated business income which is subject to taxation at regular corporate income tax rates. No income tax expense is recorded in these financial statements due to the offset of net operating loss carry forwards from earlier years. The Chamber follows the guidance of FASB ASC 740, Accounting for Uncertainty in Income Taxes. This standard seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The Chamber assesses the income tax positions based on management's evaluation of the facts, circumstances, and information available at the reporting date. The Chamber uses the prescribed more likely than not threshold when making their assessment. There are currently no open Federal or State tax years under audit. Part XI, Line 4b - Other Adjustments: Program expenses netted against program revenues 3,500. Part XII, Line 4b - Other Adjustments: Program expenses netted against program revenues 3,500. Form 990, Part VI, Section B, line 11b The Organization does not make its 990 or 990-T available to the governing body before the return is filed. Form 990, Part VI, Section B, line 12c Potential conflicts of interest are discussed at the annual ethics committee meeting each January. Form 990, Part VI, Section B, line 15 Compensation levels are reviewed at the annual performance reviews conducted by the independent board. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available upon request. Part XI Line 2 The review report is reviewed at the annual report meeting as presented by the independent accountants. The process has not changed from prior periods.