MIAMI BEACH CHAMBER OF COMMERCE Charity Report

Public IRS 990 nonprofit record

MIAMI BEACH CHAMBER OF COMMERCE

EIN 59-0358295 · Arts, Culture & Humanities (A)

What they do

THE CHAMBER is ORGANIZED for THE PURPOSE of ADVANCING THE ECONOMIC, PROFESSIONAL, CULTURAL, EDUCATIONAL and CIVIC WELFARE of MIAMI BEACH and THE AREA SURROUNDING MIAMI BEACH, FLORIDA. THE CHAMBER is COMMITTED to ENCOURAGING THE GROWTH of EXISTING INDUSTRIES and BUSINESSES, WHILE GIVING ASSISTANCE to NEW BUSINESSES LOCATED IN MIAMI BEACH and THE IMMEDIATE SURROUNDINGS. THE CHAMBER is EQUALLY COMMITTED to THE ORDERLY PROGRESS and DEVELOPMENT of MIAMI BEACH and to PROMOTE THE WELFARE of ITS CITIZENS, BUSINESS INTEREST and GOOD GOVERNMENT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.40 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 2023The report may be old. Ask for a newer one.

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

They name their leaders73 people are listed in the latest report.

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

Money made simple

76.70%of revenue went to mission work76.4% of expenses · Program services

5.62%of revenue went to fundraising5.6% of expenses

$150.58spent for every $100 of revenueSpending was higher than revenue this year.

18.08%of revenue went to management and office costs18.0% of expenses

$0.71in assets for every $1 spent this yearSome assets cannot be spent right away.

27.6%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.

Worth asking: Expenses exceeded revenue by $396,388 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $232,973 for JEROME E LIBBIN (FORMER PRESIDENT/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 2023

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$1,175,373

Mission workProgram services$901,45876.70% of revenue76.4% of expenses

ManagementOffice and general costs$212,49018.08% of revenue18.0% of expenses

FundraisingAsking for donations$66,0795.62% of revenue5.6% of expenses

Total expenses$1,180,027100.40% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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

2023CurrentExpense mix: 76.4% mission · 18.0% management · 5.6% fundraisingTotal expenses: 100.40% of revenue

2022Expense mix: 61.1% mission · 33.2% management · 5.7% fundraisingTotal expenses: 106.95% of revenue

2021Expense mix: 71.9% mission · 21.5% management · 6.6% fundraisingTotal expenses: 88.88% of revenue

2019Expense mix: 72.1% mission · 19.9% management · 8.0% fundraisingTotal expenses: 102.75% of revenue

2018Expense mix: 74.5% mission · 17.7% management · 7.7% fundraisingTotal expenses: 98.93% of revenue

2017Expense mix: 73.4% mission · 26.6% management · 0.0% fundraisingTotal expenses: 103.33% of revenue

2016Expense mix: 69.8% mission · 30.2% management · 0.0% fundraisingTotal expenses: 98.19% of revenue

Money in and money out

Revenue$783,639

Expenses$1,180,027

Annual shortfall $396,388 Expenses were higher than revenue 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)$901,458 · 76.4% of expenses

Management and office costs$212,490 · 18.0% of expenses

Fundraising$66,079 · 5.6% of expenses

See all reported dollar amounts

Revenue$783,639

Expenses$1,180,027

Assets$834,060

Income$1,203,008

Contributions$216,000

Mission work (program services)$901,458

Fundraising$66,079

Management and general$212,490

Accounting fees$13,692

People

Leadership and board

Tax year 2023

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

People reported as paid

Person and titleCompensation

JEROME E LIBBINFORMER PRESIDENT/CEO $232,973Base $230,809 · Other $2,164

BRITTNIE R BASSANTPRESIDENT/CEO $52,923

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 (73)

JEROME E LIBBINFORMER PRESIDENT/CEO

BRITTNIE R BASSANTPRESIDENT/CEO

LYLE STERN EXBOGBOARD MEMBER

MICHAEL S GOLDBERG EXBOGBOARD MEMBER

MICHAEL C GRIECOBOARD MEMBER

MEHDI KHACHANIBOARD MEMBER

MAX SKLARBOARD MEMBER

MATIS N COHEN EXBOGBOARD MEMBER

MARK J GEMIGNANI EXBOGBOARD MEMBER

MARISA GALBUTBOARD MEMBER

MADELEINE ROMANELLO EXBOGBOARD MEMBER

JIMMY ROCCO BOUCHERBOARD MEMBER

MICHAEL W LARKINBOARD MEMBER

LINSEY LOVELLVICE CHAIR

KENNETH WRIGHTBOARD MEMBER

JUNE HENDERSONBOARD MEMBER

JORGE J GONZALEZBOARD MEMBER

JORGE GONZALEZBOARD MEMBER

JOHN STUART EXBOGBOARD MEMBER

JOE HRBEKBOARD MEMBER

RICHARD POTOTSKY EXBOGBOARD MEMBER

WAYNE PATHMAN EXBOGBOARD MEMBER

THAIS A ASPERBOARD MEMBER

SUZANNE BECKMANNBOARD MEMBER

STEVEN KREINIKTREASURER

SHEILA DUFFY-LEHRMANBOARD MEMBER

SEUTH FEUERVICE CHAIR

SANDOR SCHERBOARD MEMBER

ROBIN JACOBS EXBOGBOARD MEMBER

JEEVAN TILLIT EXBOGBOARD MEMBER

RICHARD SEGALCHAIR-ELECT

REINALDO BORGES EXBOGBOARD MEMBER

PETER KANAVOSBOARD MEMBER

PEGGY BENUABOARD MEMBER

PAUL M LOWENTHAL EXBOGBOARD MEMBER

PATRICIO FERNANDEZBOARD MEMBER

OMAR BAR-SADEHBOARD MEMBER

MUTLUHAN KUCUKBOARD MEMBER

BRETTON HUNCHAKBOARD MEMBER

COMMISSIONER ALEX FERNANDEZBOARD MEMBER

COLE BOUCHERBOARD MEMBER

CHRIS ROLLINS EXBOGBOARD MEMBER

CHIEF WAYNE JONES EXBOGBOARD MEMBER

CECILIA TORRES-TOLEDOBOARD MEMBER

CALVIN KOHLIBOARD MEMBER

BRUCE GOULD EXBOGBOARD MEMBER

BRUCE SIEGELBOARD MEMBER

DANIELLE DALESSANDROBOARD MEMBER

BRENT LATHAMBOARD MEMBER

ARON U RASKAS EXBOGBOARD MEMBER

ARATHI RAMAPPA EXBOGBOARD MEMBER

ANTHONY NOBOABOARD MEMBER

ANDRES ASIONBOARD MEMBER

ANA CECILIA VELASCOBOARD MEMBER

ALFREDO J GONZALEZVICE CHAIR

ALEX SPILLISBOARD MEMBER

EVA DIASBOARD MEMBER

JAY P PARKER ESQBOARD MEMBER

JASON INASIBOARD MEMBER

JAMIL DIB ADDITIONAL REP ELBA MACHABOARD MEMBER

JAMIL DIBBOARD MEMBER

GUS DOYLEBOARD MEMBER

GEORGE MOHAMABOARD MEMBER

FREDDIE PETERSON EXBOGBOARD MEMBER

FRED BEAN EXBOGBOARD MEMBER

AARON RESNICK ESQBOARD MEMBER

ERIN DOWDBOARD MEMBER

ERIC SEGRETIBOARD MEMBER

EMILY SHERMANBOARD MEMBER

DON PEEBLESBOARD MEMBER

DAVID WHITAKERBOARD MEMBER

DAVID MARTINBOARD MEMBER

DAVID GRUTMANBOARD MEMBER

About this charity

Recognized since: January 1942
Location: 1920 MERIDIAN AVENUE, MIAMI BEACH, FL 33139-1813
County: Miami-Dade
In care of: % JERRY LIBBIN
Primary officer: BRITTNIE BASSANT, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@miamibeachchamber.com Phone(305) 674-1300

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: TEMPLETON & COMPANY LLP
NTEE classification: Arts, Culture & Humanities (A)
IRS tax category: Arts, Culture & Humanities