Mebane Business Association Inc
- Assets
- $46.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mebane, NC
- Founding
- 10/2007
- Data as of
- 06/2023
- EIN
- 56-1604321
Organization Overview
Mebane Business Association Inc is located in Mebane, NC. The organization was established in 2007. 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. Mebane 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 06/2023, Mebane Business Association Inc generated $72.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $67.9k during the year ending 06/2023. While expenses have increased by 15.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION CONTINUED TO PROMOTE THE MEMBER BUSINESSES THROUGH ADVERTISING AND NETWORKING. IT ALSO CONTINUED TO CONTRIBUTE TO THE LOCAL COMMUNITY WITH A COLLEGE SCHOLARSHIP, CONTRIBUTIONS TO LOCAL SCHOOLS, FOOD DRIVE SUPPORT, HOLIDAY CHEER, AND MANY OTHER CONTRIBUTIONS. IT HOSTED IT'S 35TH ANNUAL DOGWOOD FESTIVAL, WHICH IS IT'S BIGGEST FUNDRAISER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Beausoleil President | 2 | $0 | |
Jason Torgerson Vice Preside | 1 | $0 | |
Stephanie Williams Secretary | 1 | $0 | |
Janet Ickes Treasurer | 2 | $0 | |
Will Walker Board Member | 1 | $0 | |
Maurice Bass Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $14,466 |
| Investment income | $750 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $53,555 |
| Other Revenue | $4,111 |
| Total Revenue | $72,882 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $16,088 |
| Occupancy, rent, utilities, and maintenance | $4,500 |
| Printing, publications, postage, and shipping | $120 |
| Other expenses | $47,193 |
| Total expenses | $67,901 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,368 |
| Other assets | $0 |
| Total assets | $46,368 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,368 |