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Nonprofiteer
← BLOOMINGTON URBAN ENTERPRISE ASSOCIATION INC

Form 990 for tax year 2022

Filed by BLOOMINGTON URBAN ENTERPRISE ASSOCIATION INC.

Totals

Total revenue
$488,487
Total expenses
$206,725
Contributions and grants received
$482,002
Grants paid
$203,159
Program service revenue
$2,705
Investment income
$3,780
Other revenue
$0
Total assets, end of year
$2,946,222
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,946,222
Program services expenses (Part IX)
$203,159
Management and general expenses
$3,566
Fundraising expenses
$0
Program service expenses (Part III)
$203,159

Program services were 98.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $482,002

  • 2a · Program service revenue: BUSINESS ZONE LOAN INTEREST

    total $2,543 · related or exempt $2,543

  • 2b · Program service revenue: LATE FEES - ZONE LOANS

    total $162 · related or exempt $162

  • 3 · Investment income

    total $3,780 · related or exempt $3,780

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $189,659 · program services $189,659

  • 2 · Grants to domestic individuals

    total $13,500 · program services $13,500

  • 23 · Insurance

    total $3,506 · management and general $3,506

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $60 · management and general $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,829,245 · end of year $447,539

  • 2 · Savings and temporary cash investments

    beginning of year $522,522 · end of year $2,244,637

  • 4 · Accounts receivable

    end of year $754

  • 7 · Other notes and loans receivable

    beginning of year $313,068 · end of year $253,292

  • 17 · Accounts payable and accrued expenses

    beginning of year $375

  • 27 · Net assets without donor restrictions

    beginning of year $2,664,460 · end of year $2,946,222

Mission and programs · 2022

Mission

A PUBLIC BENEFIT CORPORATION ESTABLISHED TO PROMOTE & IMPROVE ECONOMIC, PHYSICAL, & SOCIAL ENVIRONMENT OF THE BUEA BUSINESS ZONE.

  • COMMUNITY DEVELOPMENT - PROVIDE SCHOLARSHIPS & COUNSELING TO ENTERPRISE ZONE

    Expenses $180,809 · Grants $180,809

  • BUSINESS DEVELOPMENT - IMPROVE FACADES OF BUSINESSES THROUGHOUT THE ENTERPRISE ZONE REISDENTS

    Expenses $22,350 · Grants $22,350

As filed on the 2022 return.

Listed in Part VII

  • Paul Ash

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alex Crowley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Julie Donham

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1.5

  • Karin St John

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    1.5

  • Mary Morgan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Kate Rosenbarger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Felisa Spinelli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Wright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jackie Yenna

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey H Underwood

    CONTROLLER

    Total calculated
    $0
    Hours/week
    0.1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303189349312430

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