Fortuna Business Improvement Corporation is located in Fortuna, CA. The organization was established in 1993. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Fortuna Business Improvement Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Fortuna Business Improvement Corporation generated $94.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $100.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 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
FBID IS A NONPOLITICAL ENTITY COMMITTED TO THE STRENGTHENING OF THE CITY OF FORTUNA'S BUSINESS COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kaylyn Stainbrook Executive Dir. | 40 | $6,829 | |
Dianna Rios Executive Dir. | 40 | $3,000 | |
Emily Hobelmann President | 4 | $0 | |
Laura Morris Vice President | 4 | $0 | |
Ashley Mitchell Board Member | 4 | $0 | |
Monica Marinez Board Member | 4 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $101,620 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | -$6,696 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $94,924 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $13,802 |
Professional fees and other payments to independent contractors | $56,082 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $30,374 |
Total expenses | $100,258 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $0 |
Other assets | $0 |
Total assets | $0 |
Total liabilities | $0 |
Net assets or fund balances | $0 |
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