Greater Duluth Business Association
- Assets
- $5.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- Data as of
- 12/2021
- EIN
- 84-4087033
Organization Overview
Greater Duluth Business Association is located in Duluth, MN. 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. Greater Duluth Business Association 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 12/2021, Greater Duluth Business Association generated $3.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (70.8%) each year. All expenses for the organization totaled $8.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Murphy Director | 1 | $0 | |
Angie Simonson Director | 1 | $0 | |
Robert Stenberg Director | 1 | $0 | |
Beth Wentzlaff Director | 1 | $0 | |
Tracy Lundeen President | 1 | $0 | |
Jim Caesar Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,572 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,572 |
| 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 | $6,952 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $38 |
| Other expenses | $1,611 |
| Total expenses | $8,601 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,197 |
| Other assets | $0 |
| Total assets | $5,197 |
| Total liabilities | $580 |
| Net assets or fund balances | $4,617 |