Ada Business Association
- Assets
- $72.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ada, MI
- Founding
- 04/2002
- Data as of
- 06/2022
- EIN
- 38-2146534
Organization Overview
Ada Business Association is located in Ada, MI. The organization was established in 2002. 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. Ada Business Association 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 06/2022, Ada Business Association generated $51.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $43.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 4 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
ADA BUSINESS ASSOCIATION PROMOTES UNIFIED RELATIONSHIPS BETWEEN THE BUSINESS OWNERS AND THE COMMUNITY BY PROVIDING A VOICE IN CIVIC MATTERS CONCERNING LOCAL BUSINESSES AND ENCOURAGING CHARITABLE, CIVIC, CULTURAL AND HISTORICAL ACTIVITIES WITHIN THE ADA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Renner President | 2 | $0 | |
Dan Carter Treasurer | 2 | $0 | |
Mara Norden Director | 2 | $0 | |
Matthew Michaels Vice Preside | 2 | $0 | |
Jennifer Bonney Secretary | 2 | $0 | |
Olivia Urbanski Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,725 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,725 |
| 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 | $16,580 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,367 |
| Total expenses | $43,947 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,147 |
| Other assets | $0 |
| Total assets | $72,598 |
| Total liabilities | $27,674 |
| Net assets or fund balances | $44,924 |