Bayside Business Association Inc
- Assets
- $587.1k
- Revenue
- $81.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Bayside, NY
- Founding
- 04/1998
- Data as of
- 03/2023
- EIN
- 11-3372987
Organization Overview
Bayside Business Association Inc is located in Bayside, NY. The organization was established in 1998. 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. Bayside Business 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 03/2023, Bayside Business Association Inc generated $81.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $89.6k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1997, THE BAYSIDE BUSINESS ASSOCIATION IS A BUSINESS NETWORKING ORGANIZATION DEDICATED TO SERVING THOSE WHO WORK AND LIVE WITHIN BAYSIDE. OUR GOAL IS TO PROVIDE LOCAL BUSINESSES WITH THE RESOURCES NECESSARY TO GROW WHILE ALSO IMPROVING THE BAYSIDE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED AN EVENT ADVERTISED AS "DAY AT THE RACES" ON JUNE 30, 2022. THE EVENT WAS HELD AT BELMONT RACE TRACK IN NEW YORK PROVDING LOCAL PROFESSIONALS AND BUSINESSES WITH SPONSORSHIP AND NETWORKING OPPORTUNITIES. A PORTION OF EARNINGS WENT TOWARDS SUPPORTING OUR CHOSEN PHILANTHROPY, BEST BACKSTRETCH. BEST IS A NONPROFIT ORGANIZATION THAT IS DEVOTED TO MEETING THE HEALTH AND SOCIAL WELFARE NEEDS OF THE SEVERAL THOUSAND BARN AREA ("BACKSTRETCH") WORKERS OF THE AQUEDUCT, BELMONT, AND SARATOGA RACETRACKS BY PROVIDING ON-SITE COUNSELING AND PRIMARY HEALTHCARE SERVICES, ACCESS TO HEALTH INSURANCE, AND CASE MANAGEMENT ASSISTANCE.
ORGANIZED A GOLF OUTING ON OCTOBER 6, 2022 PROVIDING LOCAL PROFESSIONALS AND BUSINESSES WITH SPONSORSHIP AND NETWORKING OPPORTUNITIES. THE OUTING FEATURED LUNCH, GOLF, DINNER, AND RAFFLE PRIZES DONATED BY LOCAL BUSINESSES. A PORTION OF EARNINGS WERE DONTATED TO THE TOURETTE ASSOCIATION OF AMERICA.
ORGANIZED A HOLIDAY EVENT ON NOVEMBER 30TH, 2022 AT BOURBON STREET, A RESTAURANT IN NEW YORK, PROVIDING MEMBERS AND FRIENDS WITH A NETWORKING OPPORTUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Probst President | Officer | 10 | $0 |
Judith A Limpert Vice President | Officer | 10 | $0 |
Dr Larry Grubler Secretary | Officer | 5 | $0 |
Robert A Klein Treasurer | Officer | 3 | $0 |
Dominick Bruccoleri Board Of Director | Officer | 1 | $0 |
Marisa Breglio Board Of Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,300 |
| Total Program Service Revenue | $20,986 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,314 |
| Advertising and promotion | $9,431 |
| Office expenses | $1,161 |
| Information technology | $3,378 |
| Royalties | $0 |
| Occupancy | $10,684 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,933 |
| All other expenses | $0 |
| Total functional expenses | $89,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,911 |
| Pledges and grants receivable | $549,208 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $587,119 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,852 |
| Total liabilities | $20,852 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $587,119 |