Thunder Bay River Center Inc
- Assets
- $319.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alpena, MI
- Founding
- 10/2016
- Data as of
- 12/2023
- EIN
- 81-1641673
Organization Overview
Thunder Bay River Center Inc is located in Alpena, MI. The organization was established in 2016. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thunder Bay River Center Inc 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, Thunder Bay River Center Inc generated $39.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $4.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (29.0%) per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS CURRENTLY IN THE PLANNING STAGES OF THE PLAN TO BUILD AND SUSTAIN THE RIVER CENTER. THE PLANNING STAGE CONSISTS OF SPECIAL EVENTS, PROMOTION, FUNDRAISING, FEASIBILITY STUDIES AND ARCHITECTURAL PLANNING/CONSULTATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Haase Treasurer | 2 | $0 | |
Dan Mitchel Vice Chair | 2 | $0 | |
Beverly Bodem Director | 1 | $0 | |
Brian Bartosh Director | 1 | $0 | |
Chris Powley Secretary | 2 | $0 | |
Glenn Taylor Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,605 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9,342 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$4,553 |
| Other Revenue | $0 |
| Total Revenue | $39,394 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,795 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,022 |
| Total expenses | $4,817 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,795 |
| Other assets | $0 |
| Total assets | $319,713 |
| Total liabilities | $0 |
| Net assets or fund balances | $319,713 |