Farmington Betterment Association
- Assets
- $131.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, IL
- Founding
- 02/1997
- Data as of
- 06/2022
- EIN
- 37-1361967
Organization Overview
Farmington Betterment Association is located in Farmington, IL. The organization was established in 1997. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Farmington Betterment Association 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, Farmington Betterment Association generated $12.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.7% each year . All expenses for the organization totaled $13.2k during the year ending 06/2022. 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
RENOVATING AND MAINTAINING TWO HISTORIC BUILDINGS THAT WERE ABANDONED AND FALLEN IN DISREPAIR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Toohill Secretary | 2 | $0 | |
David Giagnoni President | 4 | $0 | |
Joseph L Higgs Director | 1 | $0 | |
Anthony Rolando Director | 1 | $0 | |
Daniel C Kiesewetter Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,000 |
| Total Revenue | $12,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $3,386 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,777 |
| Total expenses | $13,163 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,546 |
| Other assets | $0 |
| Total assets | $131,546 |
| Total liabilities | $143,236 |
| Net assets or fund balances | -$11,690 |
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