Kennesaw Business Association Inc
- Assets
- $52.7k
- Revenue
- $195.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Kennesaw, GA
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 58-2184571
Organization Overview
Kennesaw Business Association Inc is located in Kennesaw, GA. The organization was established in 1995. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Kennesaw Business Association 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, Kennesaw Business Association Inc generated $195.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $190.0k during the year ending 12/2022. While expenses have increased by 0.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEVOTED TO THE IMPROVEMENT OF THE BUSINESS CONDITIONS AND COMMUNITY IN KENNESAW, GEORGIA, THROUGH THE PROMOTION OF HIGHER BUSINESS STANDARDS AND BETTER BUSINESS METHODS; THROUGH THE ENCOURAGEMENT OF UNIFORMITY, NETWORKING, AND COOPERATION BY THE BUSINESS PEOPLE AND RETAIL MERCHANTS; AND IS ESTABLISHED FOR THE ENCOURAGEMENT OF THE USE OF GOODS AND SERVICES FOR THE KENNESAW LOCALITY AND THE MEMBERS OF THE ORGANIZATION. FUNDS RAISED BY THE ORGANIZATION ARE RETURNED TO THE LOCAL COMMUNITY BY SUPPORTING EDUCATION, PUBLIC SAFETY, SCHOLARSHIP, AND OTHER COMMUNITY NONPROFIT FOUNDATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES BUSINESS DEVELOPMENT IN THE CITY OF KENNESAW, GEORGIA THROUGHOUT THE YEAR BY HOSTING MONTHLY LUNCHEON NETWORKING EVENTS AND BY HOSTING MONTHLY BREAKFAST NETWORKING EVENTS. THESE EVENTS ENABLE MEMBERS TO PROMOTE THEIR BUSINESSES, THEREBY INCREASING BUSINESS DEVELOPMENT IN THE COMMUNITY.
THE ORGANIZATION PROMOTES BUSINESS DEVELOPMENT IN THE CITY OF KENNESAW, GEORGIA THROUGHOUT THE YEAR, IN PART BY HOSTING THE ALIVE AFTER FIVE AND BUSINESS EXPO NETWORKING EVENTS. THESE EVENTS ENABLE MEMBERS TO PROMOTE THEIR BUSINESSES THEREBY INCREASING BUSINESS DEVELOPMENT IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Everhart Tok Chair | Trustee | 3 | $0 |
Jill Abbott Director | Trustee | 1 | $0 |
Lisa Jackson Director | Trustee | 1 | $0 |
Kim Moore Director | Trustee | 1 | $0 |
Stormi Kenney Director | Trustee | 1 | $0 |
Shizelle Small-Martin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $128,566 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,423 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,304 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $24,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,989 |
| Advertising and promotion | $3,150 |
| Office expenses | $1,495 |
| Information technology | $7,961 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,525 |
| All other expenses | $6,034 |
| Total functional expenses | $190,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,744 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3 |
| Total assets | $52,747 |
| Accounts payable and accrued expenses | $3,000 |
| Grants payable | $0 |
| Deferred revenue | $7,030 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,030 |
| Net assets without donor restrictions | $42,717 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $52,747 |