Hemlock Business Association
- Assets
- $8.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hemlock, MI
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 84-2889441
Organization Overview
Hemlock Business Association is located in Hemlock, MI. The organization was established in 2019. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Hemlock 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 12/2022, Hemlock Business Association generated $7.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $6.6k during the year ending 12/2022. While expenses have increased by 27.1% per year over the past 3 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,523 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,125 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,701 |
| Other Revenue | $0 |
| Total Revenue | $7,349 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $48 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,564 |
| Total expenses | $6,612 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,767 |
| Other assets | $0 |
| Total assets | $8,767 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,767 |