Point Positive Inc
- Assets
- $4.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saranac Lake, NY
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 46-4188756
Organization Overview
Point Positive Inc is located in Saranac Lake, NY. The organization was established in 2015. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Point Positive 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 12/2022, Point Positive Inc generated $64.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $63.1k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION WILL FOSTER ENTRERENEURIAL BUSINESS OPPORTUNITIES BY MENTORING AND EDUCATING ASPIRING PROFESSIONALS AND BY CONNECTING INTERESTED ENTREPRENEURS WITH ANGEL INVESTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Little Coordinator | 23 | $48,000 | |
Konrad Testwuide Chair | 1 | $0 | |
Douglas Colson Vice Chair | 1 | $0 | |
Adele Connors Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,216 |
| Total Program Service Revenue | $0 |
| Membership dues | $30,400 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,616 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,000 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,519 |
| Total expenses | $63,119 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,387 |
| Other assets | $0 |
| Total assets | $4,387 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,387 |
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