Mishawaka Business Association Inc
- Assets
- $58.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mishawaka, IN
- Founding
- 05/1989
- Data as of
- 12/2021
- EIN
- 35-1484900
Organization Overview
Mishawaka Business Association Inc is located in Mishawaka, IN. The organization was established in 1989. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mishawaka Business Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Mishawaka Business Association Inc generated $63.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $31.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTE GROWING BUSINESS ENVIRONMENT IN MISHAWAKA. BE A RESOURCE AND ADVOCATE FOR ASSOCIATION'S MEMBERS WHILE SUPPORTING, FACILITATING AND ENHANCING COMMERCIAL OPPORTUNITIES IN THE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Vervynckt Vice Preside | 2 | $0 | |
Barry Wertz Secretary/tr | 1 | $0 | |
Daniel Riley President | 1 | $0 | |
Doug Elder Board Member | 1 | $0 | |
Lou Ann Hazen Board Member | 1 | $0 | |
Gregg Hixenbaugh Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,317 |
| Total Program Service Revenue | $0 |
| Membership dues | $20,045 |
| Investment income | $83 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$7,561 |
| Other Revenue | $2,963 |
| Total Revenue | $63,847 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,500 |
| Professional fees and other payments to independent contractors | $1,644 |
| Occupancy, rent, utilities, and maintenance | $1,626 |
| Printing, publications, postage, and shipping | $279 |
| Other expenses | $6,154 |
| Total expenses | $31,453 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,264 |
| Other assets | $0 |
| Total assets | $58,737 |
| Total liabilities | $25,000 |
| Net assets or fund balances | $33,737 |
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