Battle Creek Unlimited Inc
- Assets
- $84.3m
- Revenue
- $19.2m
- Investments
- $2.2m
- Employees
- 8
- Location
- Battle Creek, MI
- Founding
- 08/1975
- Data as of
- 06/2023
- EIN
- 38-1951806
Organization Overview
Battle Creek Unlimited Inc, operating under the name Bcu, is located in Battle Creek, MI. The organization was established in 1975. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Bcu employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bcu 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 06/2023, Bcu generated $19.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $4.9m during the year ending 06/2023. While expenses have increased by 1.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bcu has awarded 40 individual grants totaling $3,319,553. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BATTLE CREEK UNLIMITED IS A COMMUNITY DEVELOPMENT ORGANIZATION THAT WILL CREATE AN ECONOMIC DEVELOPMENT CLIMATE THAT ENCOURAGES BUSINESS FORMATION AND INVESTMENTS IN TECHNOLOGY, COUPLED WITH A CONTINUING SUPPLY OF REAL ESTATE WITH INFRASTRUCTURE TO SUPPORT TECHNOLOGY WORKPLACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND MARKETING OF FORT CUSTER INDUSTRIAL PARK AND RECRUITMENT AND RETENTION OF BUSINESS IN THE CITY OF BATTLE CREEK.
MANAGEMENT AND PROMOTION OF THE FREDERICK R. BRYDGES CUSTOMS CARGO CENTER.
PURCHASE, RENOVATION, AND OPERATION OF BUILDINGS AND AREAS DOWNTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Sobieralski President/ceo | OfficerTrustee | 40 | $261,824 |
Erick Stewart Chair | OfficerTrustee | 1 | $0 |
Sara Wallace Treasurer | OfficerTrustee | 1 | $0 |
Nate Darlington 1st Vice Chair | OfficerTrustee | 1 | $0 |
John Gallagher 2nd Vice Char | OfficerTrustee | 1 | $0 |
Karen Boyer Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Roosevelt Group Lobbying | 6/29/17 | $169,323 |
Varnum Legal | 6/29/17 | $114,412 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,956,901 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,895,403 |
| Noncash contributions included in lines 1a–1f | $5,440,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,852,304 |
| Total Program Service Revenue | $799,830 |
| Investment income | $473,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,224,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,376,400 |
| Grants and other assistance to domestic individuals. | $21,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $267,669 |
| Compensation of current officers, directors, key employees. | $38,439 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $609,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $169,324 |
| Payroll taxes | $57,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,947 |
| Fees for services: Accounting | $113,080 |
| Fees for services: Lobbying | $138,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,204 |
| Fees for services: Other | $104,932 |
| Advertising and promotion | $9,484 |
| Office expenses | $78,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,800 |
| Travel | $8,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,975 |
| Interest | $198,995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $338,307 |
| Insurance | $79,051 |
| All other expenses | $9,897 |
| Total functional expenses | $4,864,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,276,482 |
| Savings and temporary cash investments | $14,849,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $504,091 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $340,212 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $81,443 |
| Net Land, buildings, and equipment | $10,151,668 |
| Investments—publicly traded securities | $4,769,662 |
| Investments—other securities | $2,243,005 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,047,683 |
| Total assets | $84,263,690 |
| Accounts payable and accrued expenses | $4,765,220 |
| Grants payable | $0 |
| Deferred revenue | $28,729 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,286,040 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,104,234 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,911 |
| Total liabilities | $28,238,134 |
| Net assets without donor restrictions | $19,308,042 |
| Net assets with donor restrictions | $36,717,514 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $84,263,690 |
Grants Awarded
Over the last fiscal year, Battle Creek Unlimited Inc has awarded $1,376,400 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
STREAM 2 LLC PURPOSE: BUSINESS INCENTIVE | $330,000 |
BRILLIANT MINDS FAMILY CONSULTING LLC PURPOSE: BUSINESS INCENTIVE | $20,400 |
SIMPLY SENSATIONAL BERRIES PURPOSE: BUSINESS INCENTIVE | $412,074 |
SUNLIGHT GARDENS PURPOSE: BUSINESS INCENTIVE | $80,000 |
NEW LEVEL CHURCH PURPOSE: BUSINESS INCENTIVE | $96,000 |
SMITH-COTTON FUNERAL HOME LLC PURPOSE: BUSINESS INCENTIVE | $147,926 |