Microbusiness Advancement Center Of Southern Arizona is located in Tucson, AZ. The organization was established in 1994. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Microbusiness Advancement Center Of Southern Arizona employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Microbusiness Advancement Center Of Southern Arizona 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 06/2022, Microbusiness Advancement Center Of Southern Arizona generated $822.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $912.7k during the year ending 06/2022. While expenses have increased by 12.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND PROVIDE ASSISTANCE TO ENTITIES IN ORDER TO PRESERVE AND CREATE JOBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMALL BUSINESS SUPPORT SERVICES INCLUDING EDUCATION AND ASSISTANCE TO PRESERVE AND CREATE JOBS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laura Paderes-Oldaker President | OfficerTrustee | 1 | $0 |
Laura Alexander Vice President | OfficerTrustee | 1 | $0 |
Jenny Rothschild Treasurer | OfficerTrustee | 1 | $0 |
Celia Robidoux Secretary | OfficerTrustee | 1 | $0 |
Jennifer O'neill Director | Trustee | 1 | $0 |
Christine W Young Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $819,447 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $819,447 |
Total Program Service Revenue | $2,765 |
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 | $822,212 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $312,997 |
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. | $50,309 |
Compensation of current officers, directors, key employees. | $18,761 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $212,937 |
Pension plan accruals and contributions | $4,332 |
Other employee benefits | $16,975 |
Payroll taxes | $20,725 |
Fees for services: Management | $0 |
Fees for services: Legal | $6,357 |
Fees for services: Accounting | $10,202 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $146,190 |
Advertising and promotion | $4,115 |
Office expenses | $55,991 |
Information technology | $3,378 |
Royalties | $0 |
Occupancy | $13,591 |
Travel | $3,547 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $12,960 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $6,688 |
All other expenses | $10,283 |
Total functional expenses | $912,716 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,517 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $257,012 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
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 | $0 |
Other assets | $461 |
Total assets | $258,990 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $1,297 |
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 | $237,275 |
Total liabilities | $238,572 |
Net assets without donor restrictions | $20,418 |
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 | $258,990 |
Over the last fiscal year, Microbusiness Advancement Center Of Southern Arizona has awarded $312,997 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
COUNCIL STREET LLC PURPOSE: SUBRECIPIENT PAYMENTS AS PART OF COVID-19 CDBG FUNDING FOR ECONOMIC RELIEF | $100,000 |
LITTLE BIRD NESTING COMPANY LLC PURPOSE: SUBRECIPIENT PAYMENTS AS PART OF COVID-19 CDBG FUNDING FOR ECONOMIC RELIEF | $50,000 |
CERO LLC PURPOSE: SUBRECIPIENT PAYMENTS AS PART OF COVID-19 CDBG FUNDING FOR ECONOMIC RELIEF | $11,842 |
FRESH START GROUP LLC DBA AGUSTIN KITCHEN PURPOSE: SUBRECIPIENT PAYMENTS AS PART OF COVID-19 CDBG FUNDING FOR ECONOMIC RELIEF | $100,000 |
REACHING MILESTONES LC PURPOSE: SUBRECIPIENT PAYMENTS AS PART OF COVID-19 CDBG FUNDING FOR ECONOMIC RELIEF | $29,587 |
NJA LLC PURPOSE: SUBRECIPIENT PAYMENTS AS PART OF COVID-19 CDBG FUNDING FOR ECONOMIC RELIEF | $21,568 |