Business Investment Group is located in Caribou, ME. The organization was established in 2014. According to its NTEE Classification (S32) the organization is classified as: Rural Economic 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. Business Investment Group 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, Business Investment Group generated $160.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $80.5k during the year ending 12/2021. 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
COLLABERATE WITH PRIVATE PROVIDERS TO DEVELOP AND DEPLOYHIGH SPEED INTERNET.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
High Kirkpatrick Vice President | 5 | $0 | |
John Swanberg President | 5 | $0 | |
Kenneth Murchinson Secretary | 5 | $0 | |
Paul Powers Director | 5 | $0 | |
David Corriveau Director | 5 | $0 | |
Troy Haney Director | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $159,000 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $1,536 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $160,536 |
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 | $385 |
Occupancy, rent, utilities, and maintenance | $281 |
Printing, publications, postage, and shipping | $19 |
Other expenses | $79,800 |
Total expenses | $80,485 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $138,490 |
Other assets | $0 |
Total assets | $161,246 |
Total liabilities | $0 |
Net assets or fund balances | $161,246 |
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