Phelps Business Development &tourism Council Inc
- Assets
- $83.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phelps, NY
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 20-8228215
Organization Overview
Phelps Business Development &tourism Council Inc is located in Phelps, NY. The organization was established in 2008. According to its NTEE Classification (S30) the organization is classified as: 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. Phelps Business Development &tourism Council Inc 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 12/2022, Phelps Business Development &tourism Council Inc generated $123.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $187.0k during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
COMMUNITY EVENTS TO DRAW VISITORS TO PHELPS & PROMOTE BUSINESS GROWTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janie Burgess President | 5 | $0 | |
Kim Ess Member | 5 | $0 | |
Jed Brandow Vice President | 5 | $0 | |
Kristine Beniamino-Sherer Secretary | 5 | $0 | |
William Wellman Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,636 |
| Total Program Service Revenue | $62,980 |
| Membership dues | $0 |
| Investment income | $242 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,950 |
| Total Revenue | $123,873 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,360 |
| Professional fees and other payments to independent contractors | $4,418 |
| Occupancy, rent, utilities, and maintenance | $9,033 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $73,260 |
| Total expenses | $187,002 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,631 |
| Other assets | $0 |
| Total assets | $83,631 |
| Total liabilities | $132,154 |
| Net assets or fund balances | -$48,523 |