Elgin Community Betterment Inc
- Assets
- $42.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elgin, ND
- Founding
- 01/1989
- Data as of
- 12/2016
- EIN
- 36-3611258
Organization Overview
Elgin Community Betterment Inc is located in Elgin, ND. The organization was established in 1989. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Elgin Community Betterment 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 12/2016, Elgin Community Betterment Inc generated $42.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (28.2%) each year. All expenses for the organization totaled $49.5k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (25.8%) per year over the past 2 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
2016
Describe the Organization's Program Activity:
Part 3
PROMOTE THE COMMON ECONOMIC INTEREST OF BUSINESSES IN TRADE AREA BY EXPANSION OR DEVELOPMENT OF BUSINESSES AND ASSISTING IN PROMOTION OF ALL PRODUCTS AND SERVICES IN TRADE AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Levorsen President | 5 | $0 | |
Theo Stoller Vice President | 5 | $0 | |
Julie Levorsen Treasurer | 5 | $0 | |
Jill Friesz Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,711 |
| Total Program Service Revenue | $21,651 |
| Membership dues | $1,850 |
| Investment income | $372 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,523 |
| Other Revenue | $0 |
| Total Revenue | $42,297 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $17,968 |
| Professional fees and other payments to independent contractors | $4,125 |
| Occupancy, rent, utilities, and maintenance | $8,808 |
| Printing, publications, postage, and shipping | $2,145 |
| Other expenses | $16,481 |
| Total expenses | $49,527 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,435 |
| Other assets | $0 |
| Total assets | $42,435 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,435 |
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