Westbank Business & Industry Association
- Assets
- $39.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Harvey, LA
- Founding
- 12/1971
- Data as of
- 12/2021
- EIN
- 72-0791906
Organization Overview
Westbank Business & Industry Association is located in Harvey, LA. The organization was established in 1971. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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. Westbank Business & Industry Association 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 12/2021, Westbank Business & Industry Association generated $34.4k 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 (12.8%) each year. All expenses for the organization totaled $36.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) 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
2021
Describe the Organization's Program Activity:
Part 3
NEWSLETTERS, MONTHLY MEMBERSHIP LUNCHEON/NETWORKING EVENTS AND EDUCATIONAL/ WORKFORCE DEVELOPMENT, STUDENT BUS TOURS AND SCHOLORSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Jennings Executive Director | 40 | $26,250 | |
Robert Hopkins President | 2 | $0 | |
Victoria Stipelcovich Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $18,762 |
| Membership dues | $9,650 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,453 |
| Other Revenue | $22 |
| Total Revenue | $34,387 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,259 |
| Professional fees and other payments to independent contractors | $279 |
| Occupancy, rent, utilities, and maintenance | $1,141 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,822 |
| Total expenses | $36,501 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,013 |
| Other assets | $0 |
| Total assets | $39,168 |
| Total liabilities | $1,349 |
| Net assets or fund balances | $37,819 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Louisiana Certified Public Accountants Metairie, LA | $4,331,206 | $3,977,923 |
National Tile Contractors Assoc Jackson, MS | $5,173,530 | $3,514,951 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Austin, TX | $9,333,224 | $3,768,938 |
Louisiana Travel Promotion Association Baton Rouge, LA | $925,059 | $2,808,898 |
Houston Chapter Associated General Contractors Of America Inc Houston, TX | $4,720,560 | $2,138,719 |
Distribution Contractors Association Richardson, TX | $5,080,908 | $2,333,132 |
Engineering And Construction Contracting Association Katy, TX | $871,347 | $1,930,374 |
Arkansas Trucking Association Inc Little Rock, AR | $2,123,408 | $2,230,040 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe San Antonio, TX | $2,873,380 | $2,131,978 |
Houston Contractors Association Houston, TX | $1,841,017 | $1,844,880 |
Wichita Falls Chamber Of Commerce And Industry Wichita Falls, TX | $1,154,320 | $1,540,786 |
Permian Basin Petroleum Association Inc Midland, TX | $2,224,248 | $1,547,524 |