Florida Economic Development Council EIN 23-7035680

Florida Economic Development Council

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Promotes Florida's economic development via an annual conference and member newsletters. For fiscal year 2025 it reported $223K in revenue, $259K in expenses, and $156K in net assets.Pt I

Type
Business league / trade association · Nonprofit
Location
Tallahassee, FL
Website
www.fedconline.org
Filings
5 on file (2021–2025)
Revenue
$223KFY2025
Expenses
$259K
Net assets
$156K
People
20
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7035680 Business league / trade association Tallahassee, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes Florida's economic development via an annual conference and member newsletters.
Leadership
Sherry Ambrose · Co-Vice Chr
Money in and out
$223K revenue, $259K expenses
Bottom line
-16% operating surplus
Membership & operating revenue · FY2025
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$156K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$36K
Where spending went · Part IX cols B–D
Program services $0.38 Management & general $0.62
Operating surplus
-16%
revenue over expenses▼ -5827% vs prior filing year
Earned revenue
5%
of revenue from program services & dues▲ ×12 vs prior filing year
Program spending
38%
of expenses reach member services▼ -56% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$223K
FY2025▲ +2%
Expenses
$259K
FY2025▲ +19%
Total assets
$156K
FY2025▼ -19%
Total liabilities
$0
FY2025
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$156K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$36K
Total assetsPt X · Ln 16$156K
Program-expense ratioPt IX · col B38%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420
Mission & Programs · Part III

Where the work happens

1 program service account for $98K of program spending, described in the organization's own filed words · FY2024.
01

The florida economic development council inc (fedc)is organized for the purpose of advancing economic development in the state of florida and enhance the professionalism of its 500 plus members through education, interaction and the exchange of information with businesses, government and all other interested organizations and persons.

$98Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFlorida Economic Development Council
EINHdr · item D23-7035680
Principal addressHdr · item CTallahassee, FL
WebsiteHdr · item Jwww.fedconline.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1970

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Co-Vice Chr
$0Pt VII · Sec A
Current Boar
$0Pt VII · Sec A
Former Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair F
$0Pt VII · Sec A
Chair Appoin
$0Pt VII · Sec A
S Central Re
$0Pt VII · Sec A
Vice Chair a
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2022FY2021
Beth Cicchetti$122,905$129,104$122,639

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$199K · 89%
Program service revenue$12K · 5%
Other revenue$8K · 4%
Investment income$3K · 2%
Contributions & grants89%$199K
Program service revenue5%$12K
Other revenue4%$8K
Investment income2%$3K
Total revenueLn 12$223K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.38 Management & general $0.62
Program services38%$98K
Management & general62%$161K
Total functional expensesLn 25$259K

Balance Sheet

Part X · end of year
CashLn 1$156K
Total assetsLn 16$156K
Total liabilitiesLn 26$0
Total net assetsLn 32$156K
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $156K · Operating expenses/yr $259K
7.2 months
Where the money goes
Program services
Program services $98K · Total expenses $259K
38%
Management & General
Management & general $161K · Total expenses $259K
62%
Fundraising
Fundraising $0 · Total expenses $259K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $193K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $199K · Total revenue $223K
89%
Government reliance
Government grants — · Total revenue $223K
Earned-income share
Program service revenue $12K · Total revenue $223K
5%
Investment reliance
Investment income $3K · Total revenue $223K
+2%
Program self-sufficiency
Program service revenue $12K · Total expenses $259K
5%
Growth & trend
Revenue growth (YoY)
This year $223K · Prior year $218K
+2%
Revenue CAGR
FY2020 $248K · FY2024 $223K
-3%
Net-asset trend (YoY)
End of year $156K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $223K · Expenses $259K
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $156K
Net-asset ratio
Net assets $156K · Total assets $156K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $156K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sherry Ambrose · Reported title CO-VICE CHR · Highest reported compensation $0 · Total expenses $259K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $259K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 38%
Overhead ratio 62%
Fundraising cost ratio 0%
Revenue growth 2%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$223K revenue · viewing · ⤓ 990 PDF
FY2024$218K revenue · ⤓ 990 PDF
FY2023$206K revenue · ⤓ 990 PDF
FY2022$462K revenue · ⤓ 990 PDF
FY2021$248K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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