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        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jim Donatelli</NamePerson>
        <Title>Member</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Michael Brown</NamePerson>
        <Title>Chairman of SHI</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jim Hizer</NamePerson>
        <Title>President/CEO</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Meredith Robinson</NamePerson>
        <Title>COO</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>78416</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>4221</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Evon Emerson</NamePerson>
        <Title>Former President/CEO</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Former>X</Former>
        <ReportableCompFromOrganization>157472</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>21230</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>235888</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>25451</TotalOtherCompensation>
      <NumberIndividualsGT100K>1</NumberIndividualsGT100K>
      <FormersListed>1</FormersListed>
      <TotalCompGT150K>1</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>EW Bullock</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>730 Bayfront Pkwy Ste 5</AddressLine1>
            <City>Pensacola</City>
            <State>FL</State>
            <ZIPCode>32502</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Advertising services</DescriptionOfServices>
        <Compensation>2614040</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Landrum Professionals</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>6723 Plantation Road</AddressLine1>
            <City>Pensacola</City>
            <State>FL</State>
            <ZIPCode>32514</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Employee leasing</DescriptionOfServices>
        <Compensation>1815030</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Five Flags Tourism Group</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>35 Gulf Breeze Parkway B</AddressLine1>
            <City>Gulf Breeze</City>
            <State>FL</State>
            <ZIPCode>32561</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Festival sponsorship</DescriptionOfServices>
        <Compensation>375000</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>American Express</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO Box 981540</AddressLine1>
            <City>El Paso</City>
            <State>TX</State>
            <ZIPCode>79998</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Gift cards</DescriptionOfServices>
        <Compensation>231000</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>4</NumberOfContractorsGT100K>
      <MembershipDues>459808</MembershipDues>
      <GovernmentGrants>2428408</GovernmentGrants>
      <TotalContributions>2888216</TotalContributions>
      <ProgramServiceRevenue>
        <Description>Tourisim Admin Convent</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>2191960</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2191960</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Foundation LEAP</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>819996</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>819996</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Economic Development</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>210073</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>210073</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Military Development</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>101085</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>101085</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>3323114</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>1516</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1516</RelatedOrExemptFunctionIncome>
      </InvestmentIncome>
      <GrossRents>
        <Real>192</Real>
      </GrossRents>
      <LessRentalExpenses>
        <Real>4977</Real>
      </LessRentalExpenses>
      <RentalIncomeOrLoss>
        <Real>-4785</Real>
      </RentalIncomeOrLoss>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>-4785</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>-4785</RelatedOrExemptFunctionIncome>
      </NetRentalIncomeOrLoss>
      <OtherRevenueMisc>
        <Description>Awards</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>29429</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>29429</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>Annual Meeting</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>25605</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>25605</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>Consignment sale</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>2690</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2690</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <MiscellaneousRevenue>
        <TotalRevenueColumn>57981</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>57981</RelatedOrExemptFunctionIncome>
      </MiscellaneousRevenue>
      <TotalOtherRevenue>115705</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>6323766</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>3435550</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>0</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>258223</Total>
      </GrantsToDomesticOrgs>
      <OtherSalariesAndWages>
        <Total>1469035</Total>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>49827</Total>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>121666</Total>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>159698</Total>
      </PayrollTaxes>
      <FeesForServicesAccounting>
        <Total>31500</Total>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>23004</Total>
      </FeesForServicesOther>
      <Advertising>
        <Total>3400796</Total>
      </Advertising>
      <OfficeExpenses>
        <Total>209512</Total>
      </OfficeExpenses>
      <Occupancy>
        <Total>46669</Total>
      </Occupancy>
      <Travel>
        <Total>92026</Total>
      </Travel>
      <ConferencesMeetings>
        <Total>125142</Total>
      </ConferencesMeetings>
      <DepreciationDepletion>
        <Total>71622</Total>
      </DepreciationDepletion>
      <Insurance>
        <Total>25409</Total>
      </Insurance>
      <OtherExpenses>
        <Description>Maintenance and repairs</Description>
        <Total>111729</Total>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Incubator Expense</Description>
        <Total>82857</Total>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Dues and subscriptions</Description>
        <Total>50378</Total>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Staff Education</Description>
        <Total>8210</Total>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>63619</Total>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>6400922</Total>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>174979</BOY>
        <EOY>496626</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>583163</BOY>
        <EOY>292327</EOY>
      </SavingsAndTempCashInvestments>
      <AccountsReceivable>
        <BOY>192672</BOY>
        <EOY>256674</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>22669</BOY>
        <EOY>7904</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>1976549</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>933256</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>1088555</BOY>
        <EOY>1043293</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsOtherSecurities>
        <BOY>15000</BOY>
        <EOY>15000</EOY>
      </InvestmentsOtherSecurities>
      <OtherAssetsTotal>
        <BOY>56134</BOY>
        <EOY>179112</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>2133172</BOY>
        <EOY>2290936</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>136120</BOY>
        <EOY>258198</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>37708</BOY>
        <EOY>150550</EOY>
      </DeferredRevenue>
      <TotalLiabilities>
        <BOY>173828</BOY>
        <EOY>408748</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>1959344</BOY>
        <EOY>1882188</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>1959344</BOY>
        <EOY>1882188</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>2133172</BOY>
        <EOY>2290936</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <Land>
        <InvestmentCostOrOtherBasis>41765</InvestmentCostOrOtherBasis>
        <BookValue>41765</BookValue>
      </Land>
      <Buildings>
        <InvestmentCostOrOtherBasis>1661550</InvestmentCostOrOtherBasis>
        <Depreciation>698332</Depreciation>
        <BookValue>963218</BookValue>
      </Buildings>
      <Equipment>
        <InvestmentCostOrOtherBasis>129363</InvestmentCostOrOtherBasis>
        <Depreciation>91053</Depreciation>
        <BookValue>38310</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <InvestmentCostOrOtherBasis>143871</InvestmentCostOrOtherBasis>
        <Depreciation>143871</Depreciation>
        <BookValue>0</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>1043293</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>Bonds</Description>
        <BookValue>500</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Utility deposits</Description>
        <BookValue>125</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Security deposits</Description>
        <BookValue>653</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Supplies</Description>
        <BookValue>17892</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Due from Pensacola Area Chamber Foundation</Description>
        <BookValue>159942</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>179112</TotalBookValueOtherAssets>
      <TotalRevenue>6323766</TotalRevenue>
      <TotalExpenses>6400922</TotalExpenses>
      <ExcessOrDeficitForYear>-77156</ExcessOrDeficitForYear>
      <TotalAdjustments>0</TotalAdjustments>
      <ExcessOrDeficitPerFS>-77156</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>7405117</TotRevenueEtcAuditedFinclStmt>
      <DonatedSrvcAndUseOfFacilities>272394</DonatedSrvcAndUseOfFacilities>
      <OtherRevenues>803980</OtherRevenues>
      <RevenueNotRptdF990>1076374</RevenueNotRptdF990>
      <RevenueSubtotal>6328743</RevenueSubtotal>
      <OtherRevenuesNotIncluded>-4977</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>-4977</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>6323766</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>7072772</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>272394</DonatedServicesUseOfFacilities>
      <OtherExpensesIncluded>394479</OtherExpensesIncluded>
      <ExpensesNotRptdF990>666873</ExpensesNotRptdF990>
      <ExpensesSubtotal>6405899</ExpensesSubtotal>
      <OtherExpensesNotIncluded>-4977</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>-4977</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>6400922</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 2d - Other Adjustments:</Identifier>
        <Explanation>Affiliate Revenues: 1648864. Intercompany Eliminations: -844884.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 4b - Other Adjustments:</Identifier>
        <Explanation>Rental Direct Expense: -4977.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XIII, Line 2d - Other Adjustments:</Identifier>
        <Explanation>Affiliate Expenses: 1239363. Intercompany Eliminations: -844884.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XIII, Line 4b - Other Adjustments:</Identifier>
        <Explanation>Rental Direct Expense: -4977.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>0</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>City of Pensacola</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>222 West Main St</AddressLine1>
          <City>Pensacola</City>
          <State>FL</State>
          <ZIPCode>32521</ZIPCode>
        </AddressUS>
        <AmountOfCashGrant>258223</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
        <PurposeOfGrant>Maritime Domain Awareness/TWIC, IED prevention, protection, response, and recovery capabilities, training and exercises, management and administration</PurposeOfGrant>
      </RecipientTable>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>Evon Emerson</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>157472</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>15500</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>5730</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>178702</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Michael Hicks</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <AmountOfTransaction>42521</AmountOfTransaction>
        <DescriptionOfTransaction>IT services</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Bentina Terry</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <AmountOfTransaction>38323</AmountOfTransaction>
        <DescriptionOfTransaction>Electricity</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Steve Sorrell</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <AmountOfTransaction>3877</AmountOfTransaction>
        <DescriptionOfTransaction>Utilities</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Blaise Adams</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <DescriptionOfTransaction>Organization has bank account at Board Member's bank</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Harlan Butler</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <AmountOfTransaction>70443</AmountOfTransaction>
        <DescriptionOfTransaction>Organization holds events at Board Member's hotel</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Rick Outzen</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <AmountOfTransaction>1510</AmountOfTransaction>
        <DescriptionOfTransaction>Organization ran add in Board Member's newspaper</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Dr Ed Meadows</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <AmountOfTransaction>18810</AmountOfTransaction>
        <DescriptionOfTransaction>Board Member's college provides space for incubator project</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Kevin Doyle</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <AmountOfTransaction>1975</AmountOfTransaction>
        <DescriptionOfTransaction>Organization purchases newspaper Board Member publishes</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Dr Judy Bense</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <DescriptionOfTransaction>Board Member's university provides space for Workforce Summit and HAAS center research</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 6</Identifier>
        <Explanation>All persons, firms and corporations interested in the development of the Pensacola area are eligble for membership. Each applicant has to be approved by the Board of Directors.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>The 990 is presented to the Board for approval once the return is received from the CPA firm.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 12c</Identifier>
        <Explanation>Officers and directors annually sign a conflict of interest form where they disclose their business conflicts. The organization's staff monitors any votes that may pose a conflict and ensure appropriate members abstain from voting.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 15a</Identifier>
        <Explanation>The organization uses salary data from ACCE, IEDC and DMO to determine salary ranges. The amounts are re-evaluated every two years.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 18</Identifier>
        <Explanation>The organization's 990 is available upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 19</Identifier>
        <Explanation>The organization's governing documents, conflict of interest policy and financial statements are available upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>The Board of Directors assumes responsibility for oversight of the audit.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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          <State>FL</State>
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          <City>Pensacola</City>
          <State>FL</State>
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          <City>Pensacola</City>
          <State>FL</State>
          <ZIPCode>32593</ZIPCode>
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      <ExchangeOfAssets>0</ExchangeOfAssets>
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      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
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      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
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      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>1</ReimbursementPaidByOtherOrg>
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      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
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</Return>