Greater Bridgman Area Chamber Of Commerce And Growth Alliance
- Assets
- $47.5k
- Revenue
- $48.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgman, MI
- Founding
- 10/2015
- Data as of
- 12/2019
- EIN
- 20-4154224
Organization Overview
Greater Bridgman Area Chamber Of Commerce And Growth Alliance is located in Bridgman, MI. The organization was established in 2015. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Greater Bridgman Area Chamber Of Commerce And Growth Alliance is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Greater Bridgman Area Chamber Of Commerce And Growth Alliance generated $48.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $42.6k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION, THE GREATER BRIDGMAN AREA CHAMBER OF COMMERCE AND GROWTH ALLIANCE IS ORGANIZED FOR THE SPECIFIC PURPOSE OF UNDERTAKING PROGRAMS AND ACTIVITIES THAT CONTRIBUTE TO THE ADVANCEMENT OF THE GREATER BRIDGMAN COMMUNITY AS A PLACE TO VISIT, LIVE, WORK AND PLAY; TO PROMOTE ECONOMIC DEVELOPMENT OPPOTUNITIES FOR NEW BUSINESS LOCATION AND EXISTING BUSINESS EXPANSION AND TO ENGAGE IN ANY ACTIVITIES RELATED OR INCIDENTAL THERETO WHICH MAY BE PERMITTED PURSUANT TO MICHIGAN PUBLIC ACT 162 OF 1982, AS AMENDED, AND TO SEEK AND MAINTAIN RECOGNITION AS A "TAX-EXEMPT" CHARITABLE ORGANIZATION PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CHAMBER, ECONOMIC, AND COMMUNITY DEVELOPMENT SERVICES AND PROMOTING THE LAKE TO GRAPES REGION.
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 |
|---|---|---|---|
Brett Boyd President | OfficerTrustee | 2 | $0 |
Bob Clark Treasurer | OfficerTrustee | 2 | $0 |
Shane Peters Secretary | OfficerTrustee | 2 | $0 |
Beth Mcneil Vice President | OfficerTrustee | 2 | $0 |
Jim Stine Board Member | Trustee | 1 | $0 |
Cheri Heward Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,000 |
| Related organizations | $0 |
| Government grants | $20,000 |
| 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 | $39,000 |
| Total Program Service Revenue | $880 |
| 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 | $4,757 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,776 |
| 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 | $3,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,400 |
| Advertising and promotion | $3,016 |
| Office expenses | $1,280 |
| Information technology | $864 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $142 |
| Insurance | $1,174 |
| All other expenses | $0 |
| Total functional expenses | $42,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,819 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $621 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $85 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,525 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $47,525 |
| 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 | $47,525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Bellvue Gardens Community Urban Redevelopment Corporation Cincinnati, OH | $29,237,042 | $3,964,847 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Downtown Cleveland Improvementcorporation Cleveland, OH | $5,269 | $4,399,889 |
West Central Indiana Economic Development District Inc Terre Haute, IN | $2,629,970 | $4,624,225 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Renaissance Development Fund Benton Harbor, MI | $26,943,889 | $2,827,375 |
Ohio Capital Finance Corporation Columbus, OH | $139,771,046 | $8,872,596 |
The Columbus Partnership Columbus, OH | $3,736,612 | $3,353,265 |
Bounce Innovation Hub Akron, OH | $1,997,526 | $3,096,844 |
Evansville Vanderburgh County Convention & Visitors Bureau Inc Evansville, IN | $5,490,585 | $3,551,749 |