Somerville Business And Professional Association

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

EIN: 222322722 ✦ Somerville, NJ ✦ Designated as a 501(c)(6)

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Overview

What is Somerville Business And Professional Association?

The Somerville Business and Professional Association is a community-focused nonprofit organization situated in Somerville, New Jersey. Its primary mission is to amplify and publicize local businesses within the town, acting as a powerful promotional tool for the business sector. By serving as a hub for businesses in the area, it plays a crucial role in fostering a thriving business environment in Somerville.


Official website here: www.somervillebiz.org

Is Somerville Business And Professional Association legitimate?

Somerville Business And Professional Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Somerville Business And Professional Association submitted a form 990EZ, 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.


Official website here: www.somervillebiz.org

What is the mission statement of Somerville Business And Professional Association?

The Somerville Business and Professional Association, acting as a promotional entity, focuses on showcasing and advertising businesses within its designated area. Its primary objective is to serve as a platform that boosts the visibility of local businesses, thereby fostering their growth and development. The association plays a crucial role in promoting commercial activities within the community, thereby contributing to its overall economic growth.


Official website here: www.somervillebiz.org

Who is the CEO of Somerville Business And Professional Association?

Mike Ivers is the President of Somerville Business And Professional Association.


Official website here: www.somervillebiz.org

What is the revenue of Somerville Business And Professional Association?

Somerville Business And Professional Association's revenue in 2022 was $7,517.


Official website here: www.somervillebiz.org

Who are the executives of Somerville Business And Professional Association and what are their salaries?


Here are 3 key members and their salaries:


Mike Ivers (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorraine Sarra (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim O'Gorman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.somervillebiz.org

Where can I find the form 990EZ for Somerville Business And Professional Association?

Somerville Business And Professional Association's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.somervillebiz.org

Learn more at the official website: www.somervillebiz.org

Mission Statement of Somerville Business And Professional Association

The Somerville Business and Professional Association, abbreviated as SBPA, is a dynamic organization dedicated to advocating for and promoting businesses within the town of Somerville, New Jersey. Its primary mission is to serve as a promotional platform for local businesses, fostering their growth and visibility within the community. By acting as a liaison between businesses and the town, the SBPA plays a crucial role in supporting the economic development of the area.

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Impact




October, 2024

The Somerville Business and Professional Association significantly enhances the local economy by promoting and advertising businesses in Somerville, NJ. By serving as a promotional organization, it helps create a vibrant marketplace, encourages shopping locally, and supports the growth of small businesses. This initiative fosters community improvement and strengthens the networking opportunities among local entrepreneurs, leading to increased collaboration and innovation. Additionally, the association contributes to the overall improvement of the community's business climate, making Somerville a more attractive place for residents and visitors alike.




This information is meant to be a general summary of Somerville Business And Professional Association. 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
$7,517 (2022)
Expenses
$13,422 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $17
  • Program Service Revenue: $7,500
  • Gross Receipts: $7,517

Assets and Liabilities:

  • Total Assets: $40,577
  • Total Liabilities: $0
  • Net Assets: $40,577

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Organization Details

Principal Officer

Mike Ivers

Main Address

PO BOX 307, SOMERVILLE, NJ, 08876

NTEE Category

Code: S41 - Community improvement

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