Rural Business Innovation Corporation Rbi
- Assets
- $105.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomsburg, PA
- Founding
- 09/1993
- Data as of
- 06/2022
- EIN
- 23-2721618
Organization Overview
Rural Business Innovation Corporation Rbi is located in Bloomsburg, PA. The organization was established in 1993. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Business Innovation Corporation Rbi 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 06/2022, Rural Business Innovation Corporation Rbi generated $38.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $55.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (19.4%) 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE INCUBATOR SPACE THAT FACILITATES THE START-UP OF EARLY STAGE COMPANIES ALONG WITH EDUCATION AND ASSISTANCE TO NEW BUSINESS OWNERS. PROVIDE DIRECT LOANS TO ASSIST START-UP BUSINESSES.
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 |
|---|---|---|---|
Lucinda Craig Former Executive Director | 40 | $39,520 | |
Fred Kluck President | 1 | $0 | |
Daniel Mcgann Vice President | 1 | $0 | |
Jonathan Littlewood Treasurer | 1 | $0 | |
Don Alexander Trustee | 1 | $0 | |
Tessa Bogert-Creasy Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,000 |
| Total Program Service Revenue | $3,990 |
| Membership dues | $0 |
| Investment income | $3,641 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $457 |
| Total Revenue | $38,088 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,621 |
| Professional fees and other payments to independent contractors | $2,340 |
| Occupancy, rent, utilities, and maintenance | $7,416 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,197 |
| Total expenses | $55,574 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,639 |
| Other assets | $0 |
| Total assets | $105,553 |
| Total liabilities | $137,024 |
| Net assets or fund balances | -$31,471 |