German American Business Council Of Michigan
- Assets
- $53.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- Data as of
- 12/2023
- EIN
- 86-1276321
Organization Overview
German American Business Council Of Michigan is located in Southfield, MI. 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. German American Business Council Of Michigan 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 12/2023, German American Business Council Of Michigan generated $12.7k 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 (37.4%) each year. All expenses for the organization totaled $12.1k during the year ending 12/2023. 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 |
|---|---|---|---|
Arnd Herwig President | 0 | $0 | |
Teresa Gordon Treasurer | 0 | $0 | |
Aida Dismondy Secretary | 0 | $0 | |
Meredith Upward Director | 0 | $0 | |
Matt Coates Director | 0 | $0 | |
Nicholas Stasevich Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $24,895 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$12,147 |
| Other Revenue | $0 |
| Total Revenue | $12,748 |
| 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 | $2,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,137 |
| Total expenses | $12,137 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,838 |
| Other assets | $0 |
| Total assets | $53,588 |
| Total liabilities | $807 |
| Net assets or fund balances | $52,781 |