TEAM VOLUSIA ECONOMIC DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

TEAM VOLUSIA ECONOMIC DEVELOPMENT CORPORATION

EIN 27-3203032 · Chambers of Commerce & Business Leagues (S41)

What they do

THE PRIMARY MISSION of THE ORGANIZATION is to EXPAND VOLUSIA COUNTYS ECONOMIC BASE CREATING A COMPETITIVELY SUSTAINABLE and DIVERSIFIED ECONOMY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders52 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

68.69%of revenue went to mission work76.9% of expenses · Program services

1.63%of revenue went to fundraising1.8% of expenses

$89.34spent for every $100 of revenueRevenue covered expenses this year.

19.01%of revenue went to management and office costs21.3% of expenses

$1.43in assets for every $1 spent this yearSome assets cannot be spent right away.

98.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $236,554 for KEITH NORDEN (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,265,081

Mission workProgram services$869,03768.69% of revenue76.9% of expenses

ManagementOffice and general costs$240,50619.01% of revenue21.3% of expenses

FundraisingAsking for donations$20,6361.63% of revenue1.8% of expenses

Revenue left after expensesReported annual surplus$134,90210.66% of revenueShown in gray on the chart

Total expenses$1,130,17989.34% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.9% mission · 21.3% management · 1.8% fundraisingTotal expenses: 89.34% of revenue

2023Expense mix: 77.1% mission · 21.1% management · 1.8% fundraisingTotal expenses: 96.46% of revenue

2022Expense mix: 76.3% mission · 21.9% management · 1.8% fundraisingTotal expenses: 93.38% of revenue

2021Expense mix: 76.3% mission · 21.8% management · 1.9% fundraisingTotal expenses: 96.23% of revenue

2020Expense mix: 79.3% mission · 18.9% management · 1.8% fundraisingTotal expenses: 99.70% of revenue

2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 105.50% of revenue

2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 110.10% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 108.34% of revenue

Money in and money out

Revenue$1,265,081

Expenses$1,130,179

Annual surplus $134,902 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$869,037 · 76.9% of expenses

Management and office costs$240,506 · 21.3% of expenses

Fundraising$20,636 · 1.8% of expenses

See all reported dollar amounts

Revenue$1,265,081

Expenses$1,130,179

Assets$1,614,944

Income$1,265,081

Contributions$1,245,662

Mission work (program services)$869,037

Fundraising$20,636

Management and general$240,506

Accounting fees$28,720

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KEITH NORDENCEO · 40 hrs/week $236,554Base $225,053 · Other $11,501

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (52)

KEITH NORDENCEO

MICHAEL PLEUS CITY OF DELANDEXECUTIVE CO

FOUNDATION RISK PARTNERSBOARD MEMBER

GILES ELECTRICBOARD MEMBER

HALIFAX HEALTHBOARD MEMBER

HAZEN CONSTRUCTIONBOARD MEMBER

ICI HOMESBOARD MEMBER

JAYSON MEYER SYNERGY BILLINGSECRETARY

JOHN FREGUSON COBB COLE PABOARD MEMBER

JOYCE SHANAHAN CITY OF ORMOND BEACHTREASURER

KEISER UNIVERSITYBOARD MEMBER

KINGSPANBOARD MEMBER

LOHMAN ENTERPRISESBOARD MEMBER

FORD PROPERTIESBOARD MEMBER

NASCAREXECUTIVE CO

OLIVARI & ASSOC CPASBOARD MEMBER

PRACTITIONERS COUNCILBOARD MEMBER

RANDY DYE DAYTONA DODGE CHRYSLERVICE CHAIR

ROOT ORGANIZATIONCHAIR

SANS LASSITER LASSITERCHAIR

STETSON UNIVERSITYBOARD MEMBER

TRUIST BANKBOARD MEMBER

UNIVERSITY OF CENTRAL FLORIDABOARD MEMBER

VOLUSIA COUNTYBOARD MEMBER

VOLUSIA COUNTY CHAMBER ALLIANCEBOARD MEMBER

ZEV COHEN & ASSOCIATESBOARD MEMBER

COLDWELL BANKER AL GPBOARD MEMBER

B BRAUN MEDICALBOARD MEMBER

BOULEVARD TIRE CENTERBOARD MEMBER

CAREER SOURCE FLAGLERVOLUSIABOARD MEMBER

CHARTER COMMUNICATIONSBOARD MEMBER

CITY OF DEBARYBOARD MEMBER

CITY OF DELTONAEXECUTIVE CO

CITY OF EDGEWATEREXECUTIVE CO

CITY OF DAYTONA BEACHEXECUTIVE CO

CITY OF NEW SMYRNA BEACHEXECUTIVE CO

CITY OF ORANGE CITYBOARD MEMBER

CITY OF PORT ORANGEEXECUTIVE CO

CITY OF SOUTH DAYTONABOARD MEMBER

AVALON PARK GROUPBOARD MEMBER

COUNCIL ON AGINGBOARD MEMBER

DAVID WEIS ADVENT HEALTHVICE CHAIR

DAYTONA BEACH AREA ASSOC OF REALTORSBOARD MEMBER

DAYTONA REGIONAL CHAMBER OF COMMERCEBOARD MEMBER

DAYTONA STATE COLLEGEBOARD MEMBER

DELAND GREATER WEST VOLUSIABOARD MEMBER

DUKE ENERGYBOARD MEMBER

EMBRY RIDDLE AERONAUTICAL UNIVERSITYBOARD MEMBER

FAIRWINDS CREDIT UNIONBOARD MEMBER

FARMTON DEERING PARKBOARD MEMBER

FLORIDA HEALTH CARE PLANSEXECUTIVE CO

FLORIDA POWER LIGHTBOARD MEMBER

About this charity

Recognized since: January 2011
Location: ONE DAYTONA BLVD SUITE 240, DAYTONA BEACH, FL 32114
County: Volusia
In care of: KEITH NORDEN
Primary officer: KEITH NORDEN, CEO

How to reach them

WebsiteVisit the charity’s website Phone(386) 265-6332

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: OLIVARI & ASSOCIATES CPAS
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues