Westbank Business & Industry Association
- Assets
- $48.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marrero, LA
- Founding
- 12/1971
- Data as of
- 12/2023
- EIN
- 72-0791906
Organization Overview
Westbank Business & Industry Association is located in Marrero, LA. The organization was established in 1971. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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. Westbank Business & Industry Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Westbank Business & Industry Association generated $116.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $103.6k during the year ending 12/2023. While expenses have increased by 3.3% 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
NEWSLETTERS, MONTHLY MEMBERSHIP LUNCHEON/NETWORKING EVENTS AND EDUCATIONAL/ WORKFORCE DEVELOPMENT, STUDENT BUS TOURS AND SCHOLORSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Jennings Executive Director | 40 | $39,000 | |
Tara Miller President | 2 | $0 | |
Roxanne Arocha Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $61,170 |
| Membership dues | $55,440 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $319 |
| Total Revenue | $116,929 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $64,620 |
| Total expenses | $103,620 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,719 |
| Other assets | $0 |
| Total assets | $48,719 |
| Total liabilities | $916 |
| Net assets or fund balances | $47,803 |