Business Retention And Expansion International is located in Hattiesburg, MS. The organization was established in 1996. 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. Business Retention And Expansion International 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 12/2022, Business Retention And Expansion International generated $45.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $32.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 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
APPROXIMATELY 400 MEMBERS RECEIVED EDUCATIONAL AND TECHNICAL ASSISTANCE BENEFITS REGARDING THE UTILIZATION OF BUSINESS RETENTION AND EXPANSION PROGRAMMING AS A VIABLE ECONOMIC DEVELOPMENT STRATEGY. THIS WAS ACCOMPLISHED OVER THE COURSE OF THE YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dan Lang Board Member | 1 | $0 | |
Chris Bandak Board Member | 1 | $0 | |
Jason Guidry President | 5 | $0 | |
Lorraine Boyd Secretary | 1 | $0 | |
Sheri Shields Board Member | 1 | $0 | |
Tonni Vale Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $28,378 |
Membership dues | $17,140 |
Investment income | $2 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $45,520 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $180 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $23,021 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $366 |
Other expenses | $8,414 |
Total expenses | $31,981 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $68,106 |
Other assets | $0 |
Total assets | $68,106 |
Total liabilities | $0 |
Net assets or fund balances | $68,106 |
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