Council Of Independent Business Owners Inc
- Assets
- $130.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Asheville, NC
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 56-1586294
Organization Overview
Council Of Independent Business Owners Inc is located in Asheville, NC. The organization was established in 1989. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Council Of Independent Business Owners Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council Of Independent Business Owners 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, Council Of Independent Business Owners Inc generated $156.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $116.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTING BETTER BUSINESS PRACTICES AND PROMOTING THE WELFARE OF THOSE ENGAGED IN INDEPENDENT BUSINESS IN THE CITY OF ASHEVILLE AND SURROUNDING COMMUNITIES THROUGH EDUCATION AND INFORMATIONAL OPPORTUNITIES INFORMING ITS MEMBERS ABOUT ISSUES THAT IMPACT SMALL BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buzzy Cannady President | 3 | $0 | |
Rod Hudgins Vice Preside | 2 | $0 | |
Scott Hughes Secretary/tr | 3 | $0 | |
John Carroll Past Preside | 1 | $0 | |
Josh Holmes Director | 1 | $0 | |
Mark Brooks Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,409 |
| Total Program Service Revenue | $3,360 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,241 |
| Other Revenue | $0 |
| Total Revenue | $156,010 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $91,488 |
| Professional fees and other payments to independent contractors | $1,600 |
| Occupancy, rent, utilities, and maintenance | $6,041 |
| Printing, publications, postage, and shipping | $1,206 |
| Other expenses | $16,196 |
| Total expenses | $116,531 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,010 |
| Other assets | $0 |
| Total assets | $130,880 |
| Total liabilities | $1,742 |
| Net assets or fund balances | $129,138 |