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 undefined, Bedford Business Association Inc generated $51.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $45.2k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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 |
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 | |
---|---|
Total expenses | $45,198 |
Balance Sheet | |
---|---|
Total assets | $158,293 |
Total liabilities | $18,311 |
Net assets or fund balances | $139,982 |