Community Economic Development Assoc d/b/a FloridaWest Economic Development

Address
PO Box 1992
Pensacola, FL 325911992
Contact
Website: http://www.floridawesteda.com
Phone: +1 (850) 898-2201
Nonprofit
NTEE: S30 - Economic Development
EIN: 47-1954665

Mission

Promote business development in Pensacola and Escambia County.
 201720162015
Basic features of the organization
Doing business as nameFloridaWest Economic Development Alliance
Year of formation2014
Subsection code06
PF filing required0  
Metropolitan statistical area6080
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$167,596.00$162,246.00$35,813.00
Number of employees11116
Number of people compensated >$100k110
Number of volunteers000
Number of highly compensated contractors000
Personnel
Bear, Lewis
TitleDirectorDirectorVice President
Name of key/compensated personLewis Bear JrLewis Bear JrLewis Bear Jr
Position of compensated person
Current individual trustee or directorTrueTrueTrue
Current officer  True
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Ferguson, Rebecca
TitleDirectorDirectorDirector
Name of key/compensated personRebecca FergusonRebecca FergusonRebecca Ferguson
Position of compensated person
Current individual trustee or directorTrueTrueTrue
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Grimes, Jim
TitleDirector  
Name of key/compensated personJim Grimes  
Position of compensated person
Current individual trustee or directorTrue  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Haag, Tim
TitleSecretary/TreasurerSecretaryDirector
Name of key/compensated personTim HaagTim HaagTim Haag
Position of compensated person
Current individual trustee or directorTrueTrueTrue
Current officerTrueTrue 
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Huston, Gary
Title TreasurerSecretary
Name of key/compensated person Gary HustonGary Huston
Position of compensated person
Current individual trustee or director TrueTrue
Current officer TrueTrue
Average hours per week working for org 1.001.00
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Hutchinson, John
Title  President
Name of key/compensated person  John Hutchinson
Position of compensated person
Current individual trustee or director  True
Current officer  True
Average hours per week working for org  1.00
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Lovoy, Amy
Title DirectorDirector
Name of key/compensated person Amy LovoyAmy Lovoy
Position of compensated person
Current individual trustee or director TrueTrue
Average hours per week working for org 1.001.00
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Luth, Scott
TitleCEOCEOCEO
Name of key/compensated personScott LuthScott LuthScott Luth
Position of compensated person
Current officerTrueTrueTrue
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$167,596.00$162,246.00$35,813.00
Other comp, non-reportable, from org and related orgs$27,688.00$6,483.00$3,789.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
McMahon, Donnie
TitleDirectorDirectorDirector
Name of key/compensated personDonnie McMahonDonnie McMahonDonnie McMahon
Position of compensated person
Current individual trustee or directorTrueTrueTrue
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Player, Bonita
TitleDirectorAt-large 
Name of key/compensated personBonita PlayerBonita Player 
Position of compensated person
Current individual trustee or directorTrueTrue 
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Sammons, Gary
Title Vice President 
Name of key/compensated person Gary Sammons 
Position of compensated person
Current individual trustee or director True 
Current officer True 
Average hours per week working for org 1.00 
Reportable compensation from org $0.00 
Other comp, non-reportable, from org and related orgs $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Sindel, Karen
TitleDirector  
Name of key/compensated personKaren Sindel  
Position of compensated person
Current individual trustee or directorTrue  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Smith, Wendell
TitleDirector  
Name of key/compensated personWendell Smith  
Position of compensated person
Current individual trustee or directorTrue  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Summons, Gary
Title  Director
Name of key/compensated person  Gary Summons
Position of compensated person
Current individual trustee or director  True
Average hours per week working for org  1.00
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Waite, Jim
TitlePresidentPresidentTreasurer
Name of key/compensated personJim WaiteJim WaiteJim Waite
Position of compensated person
Current individual trustee or directorTrueTrueTrue
Current officerTrueTrueTrue
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPromote business development in Pensacola and Escambia County.Promote business development in Pensacola and Escambia County.Promote business development in Pensacola and Escambia County.
Program service expenses, total$683,960.00$647,166.00$674,769.00
Programs, including revenue & expenses
CoLab - Targets early-stage, high growth companies to increase their chance of success by providing shared office space, support services and business coaching. The mission is to act as a catalyst to support innovative entrepreneurs who create jobs and can sustain long-term economic growth for Greater Pensacola.
Program expenses$88,060.00$71,899.00$89,868.00
Program revenue$107,503.00$89,124.00$72,644.00
Program descriptionCoLab - Targets early-stage, high growth companies to increase their chance of success by providing shared office space, support services and business coaching. The mission is to act as a catalyst to support innovative entrepreneurs who create jobs and can sustain long-term economic growth for Greater Pensacola.Incubator - Targets early-stage, high growth companies to increase their chance of success by providing shared office space, support services and business coaching. The mission is to act as a catalyst to support innovative entrepreneurs who create jobs and can sustain long-term economic growth for Greater Pensacola.Incubator - Targets early-stage, high growth companies to increase their chance of success by providing shared office space, support services and business coaching. The mission is to act as a catalyst to support innovative entrepreneurs who create jobs and can sustain long-term economic growth for Greater Pensacola.
Economic Development - To encourage and assist expansion of local industry and to promote economic development.
Program expenses$595,900.00$575,267.00$572,205.00
Program descriptionEconomic Development - To encourage and assist expansion of local industry and to promote economic development.Economic Development - To encourage and assist expansion of local industry and to promote economic development.Economic Development - To encourage and assist expansion of local industry and to promote economic development.
Young Entrepreneurs Academy -
Program expenses  $12,696.00
Program revenue  $12,338.00
Program description  Young Entrepreneurs Academy -
Financial data
Revenue
Total revenue$1,060,494.00$1,230,263.00$1,057,950.00
Revenue from contributions (total)$950,000.00$1,134,437.00$970,000.00
Revenue from noncash contributions $31,913.00 
Investment income, current yr$0.00$0.00$0.00
Total revenue from grants, etc., current yr$950,000.00$1,134,437.00$970,000.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$2,991.00$6,702.00$2,968.00
Net unrelated business taxable revenue$0.00$0.00$0.00
Program service revenue (total)$107,503.00$89,124.00$84,982.00
Gross receipts$1,060,494.00$1,230,263.00$1,057,950.00
Sources of contributions
Contributions revenue from membership dues$200,000.00$210,000.00$200,000.00
Revenue from gov't grants$750,000.00$720,000.00$720,000.00
Revenue from all other contributions $204,437.00$50,000.00
Other types of revenue
Miscellaneous revenue (total)$2,991.00$6,702.00$2,968.00
Net rental income  $0.00
Expense categories (totals)
Total functional expenses: sum of all$969,836.00$895,336.00$864,325.00
Total functional expenses: program service $683,960.00$647,166.00$674,769.00
Total functional expenses: management and general$285,876.00$248,170.00$189,556.00
Total functional expenses: fundraising$0.00$0.00$0.00
Fees for services
Legal fees (total)$8,250.00$12,153.00$856.00
Fundraising service fees (total)$0.00$0.00$0.00
Assets and liabilities
Total assets$660,768.00$562,313.00$223,621.00
Total assets, beginning of year$562,313.00$223,621.00 
Total liabilities$41,558.00$33,761.00$29,996.00
Total liabilities, beginning of year$33,761.00$29,996.00 
Unrestricted net assets, end of yr$619,210.00$528,552.00$193,625.00
Net assets$619,210.00$528,552.00$193,625.00
Net assets, beginning of year$528,552.00$193,625.00 
Other assets$1,000.00$0.00$500.00
Cash: non-interest bearing$540,110.00$470,043.00$199,999.00
Cash: non-interest bearing, beginning of year$470,043.00$199,999.00 
Other financial variables
Revenue less expenses$90,658.00$334,927.00$193,625.00
Advertising (total)$70,822.00$59,067.00$105,619.00
Accounts receivable, net$3,393.00$22,791.00$18,896.00
Prepaid expenses & deferred charges$9,375.00$9,375.00 
Accounts payable & accrued expenses$41,558.00$33,761.00$29,996.00
Total net assets or fund balances$619,210.00$528,552.00$193,625.00
Depreciation, depletion, amortization$17,334.00$2,923.00$60.00
Governance and accountability
Number of voting members979
Number of independent voting members979
Financial sheets auditedTrueTrueTrue
Accrual accountingTrueTrueTrue
Tax year start date2016-10-012015-10-012014-10-01
Tax year end date2017-09-012016-09-012015-09-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990
Reason for form submission
Address change True 
First filing  True
Date e-filing submitted2018-04-062017-07-132016-08-01
IRS schema version2016v3.02015v3.02014v6.0
Filing identifier201810859349300906201700239349301230201621309349302517
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