Midwest Association Of Independent Inns Inc
- Assets
- $85.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Waupaca, WI
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 39-1789405
Organization Overview
Midwest Association Of Independent Inns Inc is located in Waupaca, WI. The organization was established in 1995. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Midwest Association Of Independent Inns Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Association Of Independent Inns 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 12/2022, Midwest Association Of Independent Inns Inc generated $117.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $130.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF B&B INNS,EDUCATE AND INFORM INNKEEPERS,AND PROMOTE THE B&B EXPERIENCE TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3
ANNUAL MEETINGS AND CONVENTION PROVIDES INNKEEPERS WITH EDUCATIONAL PROGRAMS AND NETWORKING OPPORTUNITIES WITH OTHER OWNERS.
ASPIRING INNKEEPER SERVICES PROVIDE POTENTIAL NEW INN OWNERS ACCESS TO INDUSTRY RULES AND REGULATIONS,QUALITY STANDARDS FOR HOSPITALITY SERVICES,BUSINESS FORMATION AND OPERATION STRATEGIES,AND OTHER VITAL INFORMATION TO SUCCESSFUL OPERATION OF A BED AND BREAKFAST.
STANDARDS INSPECTIONS ARE REQUIRED OF ALL MEMBERS TO INSURE HIGH QUALITY STANDARDS FOR ASSOCIATION MEMBER INNS. COMPLAINTS ARE ALSO INVESTIGATED TO IDENTIFY ANY PROBLEM AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Cochran President | 2 | $0 | |
Kerri Thiel Executive Dir. | 40 | $43,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,612 |
| Total Program Service Revenue | $32,228 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $1,570 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $117,420 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,499 |
| Professional fees and other payments to independent contractors | $2,970 |
| Occupancy, rent, utilities, and maintenance | $6,000 |
| Printing, publications, postage, and shipping | $714 |
| Other expenses | $59,399 |
| Total expenses | $130,582 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,391 |
| Other assets | $0 |
| Total assets | $85,391 |
| Total liabilities | $127,354 |
| Net assets or fund balances | -$41,963 |