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Inlet Area Business Association Iaba

Iaba

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161614341 ✦ Inlet, NY ✦ Designated as a 501(c)(6)

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Overview

What is Inlet Area Business Association Iaba?

The Inlet Area Business Association IABA is a nonprofit organization situated in Inlet, New York. Established with the purpose of bolstering the business economy in the Town of Inlet and its surrounding areas, IABA serves as a promotional platform for local businesses. As part of its mission, IABA arranges for a champagne bus on New Year's Eve to ferry patrons between various establishments in the area, fostering a sense of community and camaraderie. In addition to this, IABA functions as a public relations agent, advocating for the interests of local businesses and contributing to their overall growth.


Official website here: www.groupspaces.com/iaba

Is Inlet Area Business Association Iaba legitimate?

Inlet Area Business Association Iaba is a legitimate nonprofit organization registered as a 501(c)(6) entity. Inlet Area Business Association Iaba submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.groupspaces.com/iaba

What is the mission statement of Inlet Area Business Association Iaba?

The Inlet Area Business Association (IABA) is an organization with the primary mission to enhance and strengthen the economic condition of a specific area, not specified, and nearby towns. They serve as a promotional platform for this region, aiming to boost its business interests. The IABA's purpose is to contribute to the economic growth of the area by acting as a public relations agency and advocating for the business sector. An example of their activities includes providing a champagne bus service on New Year's Eve to facilitate transportation between local establishments.


Official website here: www.groupspaces.com/iaba

Who is the CEO of Inlet Area Business Association Iaba?

David P Scranton is the Principal Officer of Inlet Area Business Association Iaba.


Official website here: www.groupspaces.com/iaba

What is the revenue of Inlet Area Business Association Iaba?

Inlet Area Business Association Iaba's revenue in 2022 was $28,436.


Official website here: www.groupspaces.com/iaba

Who are the executives of Inlet Area Business Association Iaba and what are their salaries?


Here are 6 key members and their salaries:


David Scranton (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Slack (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danicia Nerschook (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Durkin (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adele Murdock Burnett (Inlet Information)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Perry (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.groupspaces.com/iaba

Where can I find the form 990 for Inlet Area Business Association Iaba?

Inlet Area Business Association Iaba's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.groupspaces.com/iaba

Learn more at the official website: www.groupspaces.com/iaba

Mission Statement of Inlet Area Business Association Iaba

The Inlet Area Business Association (IABA) is a nonprofit organization dedicated to enhancing and strengthening the economic landscape in its jurisdiction and the surrounding area. Its primary purpose is to serve as a promotional platform for this region's business sector, while simultaneously advocating for the interests of the local businesses. The IABA seeks to accomplish these goals by providing publicity for the area's businesses and working tirelessly to foster their growth and success. To achieve this, the association offers various services, including facilitating a shuttle service on New Year's Eve, allowing patrons to move between local establishments with ease. This initiative not only encourages a lively atmosphere within the community but also promotes the businesses within the area, ultimately contributing to the overall economic growth.

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Impact




October, 2024

The Inlet Area Business Association (IABA) plays a significant role in enhancing the local economy and fostering community ties in the Town of Inlet and its surroundings. By focusing on the promotion and support of local businesses, IABA helps create a more vibrant economic environment, which benefits both entrepreneurs and consumers.

One of the tangible impacts of IABA's efforts includes initiatives like the Champagne bus service provided on New Year's Eve. This service not only encourages patronage of local establishments but also promotes safety by offering a convenient transportation option for residents and visitors. By acting as a publicity bureau, IABA increases visibility for local businesses, helping them attract more customers and thrive in a competitive market.

Through these activities and its overarching mission, IABA significantly contributes to the community's overall economic development, making the Town of Inlet a more attractive place for both business and leisure. The association's commitment to advancing business interests fosters a sense of collaboration among local enterprises while enhancing the quality of life for residents and visitors alike.




This information is meant to be a general summary of Inlet Area Business Association Iaba. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$28,436 (2022)
Expenses
$21,925 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7
  • Gross Receipts: $82,753

Assets and Liabilities:

  • Total Assets: $74,686
  • Total Liabilities: $1,350
  • Net Assets: $73,336

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Organization Details

Founding Year

2001

Principal Officer

David P Scranton

Main Address

PO Box 231, Inlet, NY, 13360

NTEE Category

Code: S41 - Community improvement

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