Bedford Business Association Inc
- Assets
- $158.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lambertville, MI
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 38-2565366
Organization Overview
Bedford Business Association Inc is located in Lambertville, MI. The organization was established in 1995. 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. Bedford Business Association 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 06/2022, Bedford Business Association Inc generated $51.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $45.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Kenny Vice Preside | 0 | $0 | |
Don Fritz Trustee | 0 | $0 | |
Mark Johnson Trustee | 0 | $0 | |
Kurt Kraftchick Trustee | 0 | $0 | |
Jan Howard Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,947 |
| Membership dues | $14,935 |
| Investment income | $3 |
| Gain or Loss | $27,277 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,162 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,319 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $13,392 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,737 |
| Total expenses | $45,198 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $158,293 |
| Other assets | $0 |
| Total assets | $158,293 |
| Total liabilities | $18,311 |
| Net assets or fund balances | $139,982 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bedford Business Association Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Ann Arbor Spark Ann Arbor, MI PURPOSE: COVID RELIEF | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |
National Truck Equipment Association Farmington Hills, MI | $27,097,486 | $13,173,388 |
National Precast Concrete Association Inc Carmel, IN | $13,896,863 | $10,585,314 |
Indiana Underground Plant Protection Service Inc Greenwood, IN | $23,524,907 | $10,120,104 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Indy Championships Fund Inc Indianapolis, IN | $6,870,300 | $5,470,881 |
Cincinnati Usa Regional Chamber Foundation Cincinnati, OH | $5,241,564 | $8,994,630 |
United States Auto Club Inc Speeway, IN | $9,462,749 | $8,803,696 |