Greater Delray Beach Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 590581716
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Delray Beach, FL, USA
- Phone
- 5612780424
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $884,279
- Expenses
- $905,336
- Assets
- $744,479
- Liabilities
- $555,574
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- KAE JONSONS (BOARD CHAIR/PRESIDENT)
- SHAUN HALL (INCOMING CHAIR / VICE PRESIDENT)
- STEPHANIE IMMELMAN (CEO)
Highest reported compensation
- STEPHANIE IMMELMAN (CEO): $134,740 total reported compensation
- CAROLINA RUSH (MEMBERSHIP DIRECTOR): $114,026 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the chamber of commerce is to develop, promote and protect the agricultural, commercial, professional, cultural and general business interests of the delray beach area, to support those activities believed to be beneficial to the community and area and oppose those that might be detrimental, to promote integrity and just and equitable principles in business activities, to represent the business interests of the delray beach area and to sponsor programs that will fulfill these goals.
What it reported doing in 2024
Membership services to promote businesses on an individual level by providing networking opportunities for members to meet at breakfasts, business card exchanges, leads groups, etc. Also, the chamber holds different events during the year to promote local businesses in the delray beach area.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 46
- Transparency & Controls: 94
- Accountability: 84
- Sustainability: 27
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50%; rating input score 50
- Program expense ratio: 48.8%; rating input score 49
- Fundraising efficiency: $5.64 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.4%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 0.82; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.75; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 27.5%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: -3.8% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: -2.2% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 2.9% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 50% of revenue deployed · 48.8% of spending went to programs
- Governance: 21 of 21 board members independent · 5 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $442K in reported program spending
- Leadership: top reported pay $135K · 23 people listed
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 5 filed schedules
- Filing history: 10 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- Moderate — Financial Efficiency: Program expense ratio scored 49/100.
- High — Financial Efficiency: Fundraising efficiency scored 21/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 29/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.