Ambassadors For Business
- Assets
- $59.1k
- Revenue
- $62.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Victoria, MN
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-4501703
Organization Overview
Ambassadors For Business is located in Victoria, MN. The organization was established in 2017. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Ambassadors For Business employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ambassadors For Business 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, Ambassadors For Business generated $62.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $95.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 years. 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
THE MISSION OF THE ORGANIZATION IS TO PROVIDE LEADERSHIP, PERSONAL GROWTH EXPERIENCES, AND OPPORTUNITIES FOR NETWORKING TO ITS MEMBERS AND THE CHRISTIAN BUSINESS COMMUNITY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED MONTHLY MEETING AND EDUCATION WORKSHOPS FOR ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Hennemann Executive Di | Trustee | 10 | $19,039 |
Troy Noor Director | Trustee | $0 | |
Kathy Sullivan Director | Trustee | $0 | |
Jay Allsup Treasurer | Officer | $0 | |
Kendra Brown Secretary | Officer | $0 | |
Shawn Gardner Vice Preside | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,910 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,421 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,421 |
| 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. | $19,039 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,628 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,764 |
| Fees for services: Accounting | $9,472 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,793 |
| Office expenses | $4,362 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,470 |
| Interest | $1,040 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,400 |
| Insurance | $915 |
| All other expenses | $300 |
| Total functional expenses | $95,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,808 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,800 |
| Other assets | $0 |
| Total assets | $59,108 |
| Accounts payable and accrued expenses | $5,946 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $24,768 |
| Total liabilities | $30,714 |
| Net assets without donor restrictions | $28,394 |
| Net assets with donor restrictions | $0 |
| 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 | $59,108 |