Lake St Clair Initiative Inc
- Assets
- $32.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Harrison Twp, MI
- Founding
- 06/2009
- Data as of
- 12/2017
- EIN
- 26-3729893
Organization Overview
Lake St Clair Initiative Inc is located in Harrison Twp, MI. The organization was established in 2009. 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. Lake St Clair Initiative Inc 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 12/2017, Lake St Clair Initiative Inc generated $48.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $49.4k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $47,028 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,686 |
| Other Revenue | $0 |
| Total Revenue | $48,714 |
| Statement of Expenses | |
|---|---|
| Total expenses | $49,401 |
| Balance Sheet | |
|---|---|
| Total assets | $32,099 |
| Total liabilities | $29,530 |
| Net assets or fund balances | $2,569 |
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