Phelps Business Development &tourism Council Inc
- Assets
- $140.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phelps, NY
- Founding
- 08/2008
- Data as of
- 12/2021
- 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 12/2021, Phelps Business Development &tourism Council Inc generated $103.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $116.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Shelly Bengston Treasurer | 5 | $0 | |
Janie Burgess President | 5 | $0 | |
Jed Brandow Vice President | 5 | $0 | |
Kristine Beniamino Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,695 |
| Total Program Service Revenue | $74,775 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,500 |
| Total Revenue | $103,114 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,417 |
| Professional fees and other payments to independent contractors | $3,035 |
| Occupancy, rent, utilities, and maintenance | $4,737 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $84,780 |
| Total expenses | $115,969 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $139,986 |
| Other assets | $0 |
| Total assets | $140,311 |
| Total liabilities | $133,038 |
| Net assets or fund balances | $7,273 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phelps Business Development &tourism Council Inc has recieved totaling $167,287.
| Awarding Organization | Amount |
|---|---|
Mary Hicks Preston Historical Andbetterment Foundation Phelps, NY PURPOSE: CULTURE & ARTSRECREATIONHISTORICAL PRESERVATION | $167,287 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Institute For Communities Inc Danbury, CT | $23,773,882 | $36,794,150 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |