Biwabik Area Civic Assoc Inc
- Assets
- $32.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Biwabik, MN
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 41-1501528
Organization Overview
Biwabik Area Civic Assoc Inc is located in Biwabik, MN. The organization was established in 1996. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, 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. Biwabik Area Civic Assoc Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Biwabik Area Civic Assoc Inc generated $28.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $22.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
SPONSOR MULTIPLE COMMUNITY EVENTS TO FOSTER COMMUNITY SPIRIT AND INCREASE TOURISM TO THIS RURAL, NORTHERN MINNESOTA AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Senarighi President | 5 | $0 | |
Mark Jackson Vice-President | 5 | $0 | |
Pamela Berts Treas/sec | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,778 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $14,955 |
| Other Revenue | $0 |
| Total Revenue | $28,740 |
| 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 | $565 |
| Occupancy, rent, utilities, and maintenance | $200 |
| Printing, publications, postage, and shipping | $55 |
| Other expenses | $21,020 |
| Total expenses | $22,640 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,640 |
| Other assets | $0 |
| Total assets | $32,640 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,640 |
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