7 Mile Business Community Association Inc
- Assets
- $22.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Avalon, NJ
- Founding
- 04/2012
- Data as of
- 12/2023
- 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 12/2023, 7 Mile Business Community Association Inc generated $37.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $41.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 9 years. 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
ADVERTISING, MARKETING AND GENERALLY PROMOTING THE THE EMERGING BUSINESS COMMUNITY OF AVALON, NJ AS A DESTINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Ewing President | 3 | $0 | |
Lynda Pagliughi Vice Preside | 1 | $0 | |
Monica Coskey Treasurer | 3 | $0 | |
Jennifer Ryan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,625 |
| Total Program Service Revenue | $15,475 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,691 |
| Other Revenue | $0 |
| Total Revenue | $37,793 |
| 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 | $1,258 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,791 |
| Total expenses | $41,569 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,967 |
| Other assets | $0 |
| Total assets | $21,967 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,967 |