Medford Business Association
- Assets
- $68.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, NJ
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 22-6240920
Organization Overview
Medford Business Association is located in Medford, NJ. The organization was established in 1985. 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. Medford Business 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 12/2021, Medford Business Association generated $43.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $42.6k during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
ANNUAL DIRECTORY OF BUSINESSES, NEWSLETTERS, BUSINESS WEBSITE AND COSTS TO FACILITATE COMMUNICATIONS AMONG MEMBERS AND PROMOTE BUSINESS IN MEDFORD, NJ
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Freedman President | 2 | $9,250 | |
Kathleen Campbell Treasurer | 1 | $0 | |
Robert Egan 1st VP | 1 | $0 | |
David Vaughn Corr. Sec. | 1 | $0 | |
Brad Denn Director | 1 | $0 | |
Jane Weston Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,165 |
| Membership dues | $14,525 |
| Investment income | $947 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,916 |
| Other Revenue | $0 |
| Total Revenue | $43,553 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,305 |
| Professional fees and other payments to independent contractors | $545 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,943 |
| Other expenses | $28,810 |
| Total expenses | $42,603 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,000 |
| Other assets | $0 |
| Total assets | $68,097 |
| Total liabilities | $23,235 |
| Net assets or fund balances | $44,862 |
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