Michigan Creditors Bar Association
- Assets
- $62.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 20-1958407
Organization Overview
Michigan Creditors Bar Association is located in Lansing, MI. The organization was established in 2005. 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. Michigan Creditors Bar 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 12/2023, Michigan Creditors Bar Association generated $86.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $112.6k during the year ending 12/2023. While expenses have increased by 8.3% per year over the past 9 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MICHIGAN CREDITORS BAR ASSOCIATION PROVIDES ITS 43 FULL AND 11 ASSOCIATE MEMBER FIRMS WITH EDUCATIONAL SEMINARS AND NETWORKING OPPORTUNITIES. THIS YEAR THE ASSOCIATION HELD A SPRING MEMBER DINNER FOR 34 AND A FALL MEMBER EVENT FOR 49 AS WELL AS AN EDUCATIONAL SEMINAR FOR 70.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Best President | 5 | $0 | |
Jason Sims Vice President | 5 | $0 | |
Curtis A Robertson Treasurersecretary | 5 | $0 | |
Robert Goodman Director | 5 | $0 | |
Joe Jammal Director | 5 | $0 | |
Kathleen Klaus Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,695 |
| Membership dues | $69,913 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,940 |
| Other Revenue | $0 |
| Total Revenue | $86,548 |
| 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 | $58,745 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $122 |
| Other expenses | $53,712 |
| Total expenses | $112,579 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,870 |
| Other assets | $0 |
| Total assets | $62,870 |
| Total liabilities | $58,800 |
| Net assets or fund balances | $4,070 |