7 Mile Business Community Association Inc
- Assets
- $49.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Avalon, NJ
- Founding
- 04/2012
- Data as of
- 12/2021
- EIN
- 01-0911679
Organization Overview
7 Mile Business Community Association Inc is located in Avalon, NJ. The organization was established in 2012. 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. 7 Mile Business Community 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 12/2021, 7 Mile Business Community Association Inc generated $86.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $70.1k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacquie Ewing President | 2 | $0 | |
Kathleen Wiersbicki Treasurer | 2 | $0 | |
Lynda Pagliughi Vice President | 1 | $0 | |
Monica Coskey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,500 |
| Total Program Service Revenue | $32,050 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $27,391 |
| Other Revenue | $4 |
| Total Revenue | $86,945 |
| 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 | $1,975 |
| Occupancy, rent, utilities, and maintenance | $967 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $65,373 |
| Total expenses | $70,115 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,214 |
| Other assets | $0 |
| Total assets | $49,214 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,214 |
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