Grand Blanc Business Association
- Assets
- $210.8k
- Revenue
- $337.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Grand Blanc, MI
- Founding
- 01/1981
- Data as of
- 12/2022
- EIN
- 38-2202815
Organization Overview
Grand Blanc Business Association, operating under the name Grand Blanc Chamber of Commerce, is located in Grand Blanc, MI. The organization was established in 1981. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Grand Blanc Chamber of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Blanc Chamber of Commerce 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, Grand Blanc Chamber of Commerce generated $337.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $312.5k during the year ending 12/2022. While expenses have increased by 1.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GRAND BLANC CHAMBER WILL BE A MODEL OF EXCELLENCE THAT PUTS ITS MEMBERS FIRST. WE WILL SERVE AS A COMMUNITY LEADER BY BEING A SUPPORTIVE, PROACTIVE, BUSINESS ADVOCATE FOR VITAL ECONOMIC GROWTH THAT GIVES OUR MEMBERS A COMPETITIVE EDGE. WE WILL PARTNER OUR MEMBERS TO MAKE THE GRAND BLANC CHAMBER OF COMMERCE AN ORGANIZATION OF PROMOTION FOR THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING-RECOGNIZES PROMINENT COMMUNITY MEMBERS AND ACTIVE COMMUNITY VOLUNTEERS. BRINGS MEMBERS AND COMMUNITY LEADERS TOGETHER. HIGHLIGHTS THE CONTRIBUTIONS OF MEMBERS AND NON-MEMBERS TO THE COMMUNITY AS A WHOLE.
ALL OTHER EVENTS PERFORMED FOR THE MEMBERS BENEFIT.
FAMILY FUN FEST-THE FAMILY FUN FEST WAS DESIGNED TO CREATE AN EVENT THAT WOULD ALLOW CHAMBER MEMBERS TO PROMOTE THEIR BUSINESS AND HAVE THE EXPOSURE TO MANY POTENTIAL MEMBERS AND THE COMMUNITY.
GOLF OUTING & GOLF LEAGUE-THE CHAMBER MAKES EVERY EFFORT TO CREATE EVENTS THAT GIVE ITS MEMBERS AN OPPORTUNITY TO NETWORK, PROMOTE, AND MEET BUSINESS PEOPLE WHO MAY BECOME CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Bennett Director | Trustee | 1 | $0 |
Bob Brundle Director | Trustee | 1 | $0 |
Kristy Cantleberry Vice Chairma | OfficerTrustee | 1 | $0 |
Craig Fiederlein Treasurer | OfficerTrustee | 1 | $0 |
Chris Gleason Director | Trustee | 1 | $0 |
Ed Lee Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76,922 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,922 |
| Total Program Service Revenue | $174,507 |
| Investment income | $12,107 |
| 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 | $337,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,399 |
| Payroll taxes | $10,431 |
| Fees for services: Management | $649 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,599 |
| Advertising and promotion | $28,669 |
| Office expenses | $11,378 |
| Information technology | $5,475 |
| Royalties | $0 |
| Occupancy | $23,806 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,869 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,594 |
| Insurance | $4,712 |
| All other expenses | $20,558 |
| Total functional expenses | $312,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,158 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $200 |
| Net Land, buildings, and equipment | $2,857 |
| Investments—publicly traded securities | $164,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $210,772 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,199 |
| Total liabilities | $13,199 |
| Net assets without donor restrictions | $180,164 |
| Net assets with donor restrictions | $17,409 |
| 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 | $210,772 |