Battle Creek Unlimited Inc
- Assets
- $30.4m
- Revenue
- $6.6m
- Investments
- $1.8m
- Employees
- 10
- Location
- Battle Creek, MI
- Founding
- 08/1975
- Data as of
- 06/2021
- EIN
- 38-1951806
Organization Overview
Battle Creek Unlimited Inc, operating under the name Bcu, is located in Battle Creek, MI. The organization was established in 1975. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Bcu employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bcu is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Bcu generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $3.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bcu has awarded 34 individual grants totaling $1,130,703. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BATTLE CREEK UNLIMITED IS A COMMUNITY DEVELOPMENT ORGANIZATION THAT WILL CREATE AN ECONOMIC DEVELOPMENT CLIMATE THAT ENCOURAGES BUSINESS FORMATION AND INVESTMENTS IN TECHNOLOGY COUPLED WITH A CONTINUING SUPPLY OF REAL ESTATE WITH INFRASTRUCTURE TO SUPPORT TECHNOLOGY WORKPLACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND MARKETING OF FORT CUSTER INDUSTRIAL PARK AND RECRUITMENT AND RETENTION OF BUSINESS IN THE CITY OF BATTLE CREEK.
MANAGEMENT AND PROMOTION OF THE FREDERICK R. BRYDGES CUSTOMS CARGO CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Sobieralski President And CEO | Officer | 40 | $183,758 |
Dave Powell 1st Vice Chair | OfficerTrustee | 1 | $0 |
Nate Darlington 2nd Vice Chair | OfficerTrustee | 0.5 | $0 |
John Gallagher Chair | OfficerTrustee | 1 | $0 |
Karen Boyer Secretary | OfficerTrustee | 1 | $0 |
Hugh Coward Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Varnum Legal | 6/29/17 | $114,412 |
The Roosevelt Group Lobbying | 6/29/17 | $169,323 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,901,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,438,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,340,015 |
| Total Program Service Revenue | $747,251 |
| Investment income | $167,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $385,019 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,639,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $937,703 |
| Grants and other assistance to domestic individuals. | $46,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,635 |
| Compensation of current officers, directors, key employees. | $53,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,895 |
| Pension plan accruals and contributions | $54,420 |
| Other employee benefits | $81,263 |
| Payroll taxes | $53,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,501 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $96,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,194 |
| Fees for services: Other | $79,195 |
| Advertising and promotion | $77,258 |
| Office expenses | $80,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,876 |
| Travel | $6,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,277 |
| Interest | $102,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289,112 |
| Insurance | $41,499 |
| All other expenses | $1,097 |
| Total functional expenses | $3,714,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,069 |
| Savings and temporary cash investments | $1,882,925 |
| Pledges and grants receivable | $1,322,750 |
| Accounts receivable, net | $77,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $270,813 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,032 |
| Net Land, buildings, and equipment | $5,240,126 |
| Investments—publicly traded securities | $5,605,624 |
| Investments—other securities | $1,810,468 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,955,098 |
| Total assets | $30,442,185 |
| Accounts payable and accrued expenses | $308,971 |
| Grants payable | $300,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,462,637 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,400,395 |
| Total liabilities | $13,472,003 |
| Net assets without donor restrictions | $13,852,563 |
| Net assets with donor restrictions | $3,117,619 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,442,185 |
Grants Awarded
Over the last fiscal year, Battle Creek Unlimited Inc has awarded $927,703 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JAY ANDREW DEVELOPMENT CO PURPOSE: WKKF GRANT | $360,000 |
TORTI TACO LLC PURPOSE: WKKF GRANT | $170,000 |
UMAMI RAMEN LLC PURPOSE: WKKF GRANT | $153,000 |
LKV VENTURES LLC PURPOSE: WKKF GRANT | $96,203 |
THE ELIZABETH BUILDING PARTNERS PURPOSE: WKKF GRANT | $68,000 |
SNACKWERKS OF MICHIGAN PURPOSE: WKKF GRANT | $38,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Battle Creek Unlimited Inc has recieved totaling $509,677.
| Awarding Organization | Amount |
|---|---|
Consumers Energy Foundation Jackson, MI PURPOSE: CAPITAL CAMPAIGN | $250,000 |
Battle Creek Community Foundation Battle Creek, MI PURPOSE: COMMUNITY IMPROVEMENT/CAPACITY BUILDING | $200,000 |
W E Upjohn Unemployment Trustee Corporation Kalamazoo, MI PURPOSE: PROGRAM ASSISTANCE | $56,677 |
Consumers Energy Foundation Jackson, MI PURPOSE: ORGANIZATIONAL SUPPORT | $2,500 |
The Miller Foundation Battle Creek, MI PURPOSE: NP ORGANIZATION SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Automation Alley Troy, MI | $10,050,141 | $14,162,417 |
International Automotive Oversight Bureau Southfield, MI | $23,323,319 | $7,456,066 |
Ohio Community Development Finance Fund Columbus, OH | $57,278,842 | $7,712,446 |
Cincinnati Better Business Bureau Inc Cincinnati, OH | $1,847,305 | $4,143,788 |
Battle Creek Unlimited Inc Battle Creek, MI | $30,442,185 | $6,639,976 |
American Academy Of Emergency Medicine Inc Milwaukee, WI | $5,226,963 | $3,404,237 |
Better Business Bureau Of Wisconsin Inc Milwaukee, WI | $5,171,220 | $3,579,852 |
Uptown Reinvestment Corporation Inc Flint, MI | $86,466,656 | $7,223,856 |
Great Lakes Womens Business Council Livonia, MI | $4,549,211 | $2,702,361 |
American Alliance Of Orthopaedic Executives Inc Indianapolis, IN | $1,277,728 | $2,372,301 |
Better Business Bureau Of Western Michigan Inc Grand Rapids, MI | $2,011,016 | $2,272,274 |
Better Business Bureau Of Toledo Inc Toledo, OH | $3,159,147 | $2,296,874 |