Business Development Board Of Martin County Inc
- Assets
- $479.6k
- Revenue
- $536.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Stuart, FL
- Founding
- 07/1992
- Data as of
- 09/2023
- EIN
- 65-0255366
Organization Overview
Business Development Board Of Martin County Inc is located in Stuart, FL. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Business Development Board Of Martin County Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Development Board Of Martin County 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 09/2023, Business Development Board Of Martin County Inc generated $536.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $572.9k during the year ending 09/2023. While expenses have increased by 2.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CHAMPION AND STRENGTHEN MARTIN COUNTY'S ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARTING, GROWING, RETAINING AND WELCOMING NEW BUSINESSES AND INDUSTRIES IS THE CORE BUSINESS OF THE BDB. IN FY 2023, THE BDB WORKED WITH APPROXIMATELY 38 BUSINESS DEVELOPERS SEEKING TO INVEST, START-UP, GROW, REMAIN OR RELOCATE TO MARTIN COUNTY. THE BDB ALSO ASSISTED 447 BUSINESSES WITH ASSORTED NEEDS.
RETAINING AND GROWING MARTIN COUNTY BUSINESSES AND COMPANIES ("GROW OUR OWN") THROUGH THE BDB'S PULSE PROGRAM. THESE ARE DETAILED IN-PERSON INTERVIEWS WITH BUSINESS OWNER-OPERATORS TO ASCERTAIN THE NEEDS OF LOCAL BUSINESSES. RESULTS ARE USED TO FURTHER GUIDE PROGRAM ACTIVITIES. ORGANIZED EXPORT UNIVERSITY 101 TO INFORM AND EDUCATE BUSINESS OWNER-OPERATORS OF BASIC IMPORT-EXPORT METHODS, PROCEDURES, AND REQUIREMENTS; APPROXIMATELY 80 PERSONS ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Kiehn President | OfficerTrustee | 2 | $0 |
Susan Rabinowitz President-Elect | OfficerTrustee | 2 | $0 |
Tommy Bueno Secretary | OfficerTrustee | 2 | $0 |
William Snyder Treasurer | Trustee | 0.3 | $0 |
Alessandro Anzalone Boardmember | Trustee | 0.3 | $0 |
Marshall Critchfield Boardmember | Trustee | 0.3 | $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 | $508,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,677 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $536,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $115,342 |
| Compensation of current officers, directors, key employees. | $17,301 |
| Compensation to disqualified persons | $172,168 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,931 |
| Payroll taxes | $22,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,310 |
| Advertising and promotion | $41,837 |
| Office expenses | $18,787 |
| Information technology | $13,194 |
| Royalties | $0 |
| Occupancy | $27,995 |
| Travel | $5,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,390 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,094 |
| All other expenses | $0 |
| Total functional expenses | $572,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,000 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $479,645 |
| Accounts payable and accrued expenses | $6,025 |
| Grants payable | $0 |
| Deferred revenue | $500 |
| 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 | $6,525 |
| Net assets without donor restrictions | $413,489 |
| Net assets with donor restrictions | $59,631 |
| 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 | $479,645 |
Grants Awarded
Over the last fiscal year, Business Development Board Of Martin County Inc has awarded $24,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
TACKLE FOR LESS LLC PURPOSE: BAP GRANT AWARD RECIPIENT | $4,500 |
CASTRONOVO CHOCOLATE LLC PURPOSE: BAP GRANT AWARD RECIPIENT | $5,000 |
ORGHUNTER LLC PURPOSE: BAP GRANT AWARD RECIPIENT | $5,000 |
HANI HONEY COMPANY LLC PURPOSE: BAP GRANT AWARD RECIPIENT | $3,300 |
NORTH FORK BAIT & TACKLE LLC PURPOSE: BAP GRANT AWARD RECIPIENT | $1,000 |
PALM CITY DESIGNS INC PURPOSE: BAP GRANT AWARD RECIPIENT | $1,700 |