Ads Initiative Inc
- Assets
- $85.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, SC
- Founding
- Data as of
- 12/2021
- EIN
- 83-3083998
Organization Overview
Ads Initiative Inc is located in Lexington, SC. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ads Initiative 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
IN 2021, ADS GREW THE MEMBERSHIP TO INCREASE THE BUDGET FOR THE FUTURE DEVELOPMENT OF ELECTRONIC REPORTING DATA STANDARDS AND ATTENDED INDUSTRY IN-PERSON AND VIRTUAL EVENTS TO EDUCATE NETWORK AND INCREASE INDUSTRY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorelei Graye President And CEO | 1 | $0 | |
Tom Walker Treasurer | 1 | $0 | |
Scott Ramsey Board Member | 1 | $0 | |
Daniel Gregor Board Member | 1 | $0 | |
Marianne Stenberg Board Member | 1 | $0 | |
Scott Kern Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $114,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,000 |
| Professional fees and other payments to independent contractors | $464 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $246 |
| Other expenses | $20,707 |
| Total expenses | $81,417 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,463 |
| Other assets | $0 |
| Total assets | $85,546 |
| Total liabilities | $0 |
| Net assets or fund balances | $85,546 |
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