Menominee Business Development Corporation
- Assets
- $53.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Menominee, MI
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 38-3715135
Organization Overview
Menominee Business Development Corporation is located in Menominee, MI. The organization was established in 2006. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Menominee Business Development Corporation 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 12/2021, Menominee Business Development Corporation generated $78.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $58.3k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE EDUCATIONAL INFORMATION, ENCOURAGEMENT, AND ASSIST WITH BUSINESSDEVELOPMENT & RENTENTION AND ENSURE POSITIVE BUSINESS CLIMATE IN THEMENOMINEE COUNTY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Cappaert Chairman | 1 | $0 | |
George Krah Director | 1 | $0 | |
Carol Karls Director | 1 | $0 | |
Tony Graff Director | 1 | $0 | |
Jean Stegeman Director | 1 | $0 | |
Larry Schei Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,823 |
| 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 | $78,823 |
| 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 | $57,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $686 |
| Total expenses | $58,286 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,405 |
| Other assets | $0 |
| Total assets | $53,405 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,405 |
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