Southern Hills Business Association
- Assets
- $21.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- 07/2004
- Data as of
- 12/2023
- EIN
- 72-1511104
Organization Overview
Southern Hills Business Association is located in Shreveport, LA. The organization was established in 2004. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Southern Hills Business Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Southern Hills Business Association generated $150.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $159.7k during the year ending 12/2023. While expenses have increased by 11.8% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION PROMOTES A GREATER SENSE OF BUSINESSAND SOCIAL UNITY FOR MEMBERS OF THE SOUTHERN HILLSBUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindy Wood President | 2 | $0 | |
Cynthia Robertson Past President | 2 | $0 | |
Marvin Greer Treasurer | 2 | $0 | |
Richard Corbett Director | 2 | $0 | |
Marcus Franklin Director | 2 | $0 | |
Rick Holland Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $17,185 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $82,598 |
| Total Revenue | $150,783 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,322 |
| Professional fees and other payments to independent contractors | $24,096 |
| Occupancy, rent, utilities, and maintenance | $30,312 |
| Printing, publications, postage, and shipping | $269 |
| Other expenses | $88,686 |
| Total expenses | $159,685 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,138 |
| Other assets | $0 |
| Total assets | $21,129 |
| Total liabilities | $439 |
| Net assets or fund balances | $20,690 |