Business Investment Group
- Assets
- $161.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Caribou, ME
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-3629584
Organization Overview
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Murchinson Secretary | 5 | $0 | |
David Corriveau Director | 5 | $0 | |
High Kirkpatrick Vice President | 5 | $0 | |
John Swanberg President | 5 | $0 | |
Paul Powers Director | 5 | $0 | |
Troy Haney Director | 5 | $0 |
Financial Statements
| 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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|---|---|---|
Center On Rural Innovation Inc Hartland, VT | $3,965,475 | $1,904,173 |
Retreat Farm Brattleboro, VT | $8,221,926 | $3,402,767 |
Vermont Council On Rural Development Inc Montpelier, VT | $695,971 | $938,553 |
Community Capital Of Vermont Inc Barre, VT | $4,295,904 | $363,623 |
Central Massachusetts Center For Business And Enterprise Inc Whitinsville, MA | $1,308,572 | $506,528 |