Nonprofit · EIN 59-1575003
ECONOMIC COUNCIL OF PALM BEACH COUNTY INC
Tax-exempt · PALM BCH GDNS, FL 33410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $975,710 | $994,508 | -$18,798 | $1,073,533 | $373,274 | $700,259 |
| December 31, 2023 | 990 | $811,379 | $756,905 | $54,474 | $1,061,022 | $341,965 | $719,057 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $939,150
- Membership dues
- $723,700
- Program service revenue
- $0
- Investment income
- $36,560
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $328,561
- Other salaries and wages
- $97,489
- Salaries, compensation and benefits (total)
- $497,542
- Professional fundraising fees
- $0
- Accounting fees
- $12,375
- Travel
- $176,959
- Program services (functional)
- $745,880
- Management and general (functional)
- $248,628
Balance sheet and other
- Total assets, start of year
- $1,061,022
- Total assets, end of year
- $1,073,533
- Total liabilities, end of year
- $373,274
- Net assets, end of year
- $700,259
- Gross receipts
- $975,710
- Employees
- 4
- Volunteers
- 84
- Year formed
- 1975
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michele Jacobs | President Officer | 40 | $328,561 |
| Jack Weir | Executive Committee Trustee or director | 1 | $0 |
| Deana Pizzo | Executive Committee Trustee or director | 2 | $0 |
| Connor Lynch | Executive Committee Trustee or director | 3 | $0 |
| Art Menor | Executive Committee Trustee or director | 2 | $0 |
| Chris Duke | Executive Committee Trustee or director | 2 | $0 |
| Gary Lesser | Executive Committee Trustee or director | 1 | $0 |
| Ava Parker | Executive Committee Trustee or director | 1 | $0 |
| Allen Gast | Executive Committee Trustee or director | 4 | $0 |
| Scott Hawkins | Executive Committee Trustee or director | 1 | $0 |
| Pam Rauch | Executive Committee Trustee or director | 1 | $0 |
| Paul Leone | Executive Committee Trustee or director | 1 | $0 |
| Ken Tuma | Executive Committee Trustee or director | 1 | $0 |
| Mark Elhilow | Board Chair Officer | 4 | $0 |
| Cliff Hertz | Chair - Elect Officer | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tom Hoban | Secretary Officer | 1 | $0 |
| Michael Kohner | Treasurer Officer | 2 | $0 |
| Philippe Jeck | General Counsel Officer | 1 | $0 |
| Fab Brumley | Immediate Past Chair Officer | 3 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michele Jacobs | President Officer | 40 | $323,564 |
| Cliff Hertz | Secretary Officer | 3 | $0 |
| Fab Brumley | Chair Elect Officer | 3 | $0 |
| Jeck Phillipe | General Counsel Officer | 3 | $0 |
| Natalie Carron | Programs Director Officer | 40 | $0 |
| Pam Rauch | Past Chair Officer | 3 | $0 |
| Art Menor | Chair Officer | 3 | $0 |
| Michael Kohner | Treasurer Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 4440 PGA BLVD STE 600, PALM BCH GDNS, FL 33410-6542
- Principal officer (990 for 2024)
- Michele Jacobs, 4440 PGA Blvd 600, Palm Beach Gardens, FL 33410
- Signed the 990
- Michele Jacobs, President
- Phone
- (561) 684-1551
- Website
- economiccouncilpbc.org
- Return prepared by
- Holyfield & Thomas LLC
Mission
To foster prudent economic growth and improve the quality of lifefor all who live and work in Palm Beach County.
Program accomplishments
- To educate members, promote sustainable economic growth, and enhance the quality of life for all residents of Palm Beach County.Expenses $745,880
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1575003
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,073,533
- Income (IRS master file)
- $975,710
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $975,710 | $994,508 | $1,073,533 | XML |
| 990 | December 2023 | $811,379 | $756,905 | $1,061,022 | XML |
| 990 | December 2022 | $889,162 | $886,733 | $1,029,766 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-1575003).
Questions about ECONOMIC COUNCIL OF PALM BEACH COUNTY INC
- What is the EIN of ECONOMIC COUNCIL OF PALM BEACH COUNTY INC?
- The employer identification number (EIN) of ECONOMIC COUNCIL OF PALM BEACH COUNTY INC is 59-1575003.
- Is ECONOMIC COUNCIL OF PALM BEACH COUNTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1976.
- Are donations to ECONOMIC COUNCIL OF PALM BEACH COUNTY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ECONOMIC COUNCIL OF PALM BEACH COUNTY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ECONOMIC COUNCIL OF PALM BEACH COUNTY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC COUNCIL OF PALM BEACH COUNTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ECONOMIC COUNCIL OF PALM BEACH COUNTY INC?
- The 990 for the year ended December 31, 2024 names Michele Jacobs.
- Who are the officers and directors of ECONOMIC COUNCIL OF PALM BEACH COUNTY INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $328,561 (Michele Jacobs, President).
- How much revenue does ECONOMIC COUNCIL OF PALM BEACH COUNTY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $975,710, expenses of $994,508 and total assets of $1,073,533 at year end.
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