Overview
What is Margate Business Association Inc?
Margate Business Association Inc, based in Margate, New Jersey, is a nonprofit organization with a mission to foster economic and physical revitalization in the city's business district. They aim to enhance the welfare of local businesses while contributing to the betterment of the Margate community. This is achieved through various means, including hosting events to attract tourists, providing scholarships to local students, and supporting family activities. The organization also offers assistance to local governments and organizations situated within Margate, Atlantic County, and New Jersey. With a team of seven employees, Margate Business Association Inc is committed to promoting events and initiatives that benefit both the business sector and the community at large.
Official website here: www.margatehasmore.com
What do the Facebook reviews say about Margate Business Association Inc?
4 out of 4 reviewers on Facebook express positive sentiments towards the Margate Business Association Inc. Here's a summary of their comments:
The association is recognized for its strong commitment to community support, with specific events that bring joy to local families, such as the signing Santa event held at Bocca restaurant. Users appreciate the engaging and helpful nature of both the association's staff and the partnering restaurant, which enhances community involvement.
Overall, the sentiments reflect a genuine appreciation for the organization's efforts to connect and uplift the local community, demonstrating that they are on the right track in delivering valuable experiences.
This AI summary has been generated from reviews found on Facebook.
Is Margate Business Association Inc legitimate?
Margate Business Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Margate Business Association Inc 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,800
For more financial information, click here
Official website here: www.margatehasmore.com
What is the mission statement of Margate Business Association Inc?
The Margate Business Association Inc is committed to promoting the economic and physical revitalization of local businesses and the community, specifically focusing on the Bay District of Margate. Their mission encompasses several key areas. They aim to advance the community through offering local scholarships, organizing events to encourage family activities, and providing assistance to local governments and organizations situated within the City of Margate, Atlantic County, and New Jersey. The association also plays an active role in revitalizing the welfare of businesses, contributing significantly to the overall well-being of the community.
Official website here: www.margatehasmore.com
What is the revenue of Margate Business Association Inc?
Margate Business Association Inc's revenue in 2023 was $318,498.
Official website here: www.margatehasmore.com
Who are the executives of Margate Business Association Inc and what are their salaries?
The average compensation at Margate Business Association Inc during 2023 was $28,933. There are 3 employees at Margate Business Association Inc.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $75,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.margatehasmore.com
Where can I find the form 990 for Margate Business Association Inc?
Margate Business Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.margatehasmore.com
Learn more at the official website: www.margatehasmore.com
Mission Statement of Margate Business Association Inc
The Margate Business Association Inc is committed to fostering the economic and physical revitalization and well-being of businesses in the Bay District of Margate. Their mission extends beyond this, aiming to enhance the community as a whole. They achieve this by offering local scholarships, organizing events that promote family activities, and providing assistance to local governments and organizations situated in Margate, Atlantic County, and New Jersey. This nonprofit organization strives to advance the Margate community, contributing to its overall development and prosperity.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Margate Business Association Inc significantly contributes to the economic and physical revitalization of the Margate community. By organizing engaging events such as the Margate Fall FunFest, Thrilling Thursdays, and Beachstock, it attracts tourists and invigorates local businesses, helping to create a vibrant community atmosphere. These recreational activities provide valuable opportunities for families to connect, fostering a sense of community spirit.
Furthermore, the association supports local education through initiatives like the Daniel and Maria Walters Scholarship Foundation and the MBA Children’s Scholarship Fund, which provide essential funding for students pursuing higher education. This commitment not only empowers youth but also strengthens the local workforce, ultimately benefiting the overall economy.
In addition to promoting business and education, Margate Business Association Inc collaborates with local governments and organizations to enhance the welfare of the community. This partnership aids in the development of projects that improve community facilities and services, reinforcing the association’s role as a cornerstone of Margate’s growth and well-being. Overall, its multifaceted approach not only stimulates economic activity but also enriches the cultural and social fabric of the Margate Bay District.
This information is meant to be a general summary of Margate Business Association Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,865
- Program Service Revenue: $132,111
- Gross Receipts: $331,431
Assets and Liabilities:
- Total Assets: $164,932
- Total Liabilities: $0
- Net Assets: $164,932
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CORN HOLE LEAGUE
Revenue
$41,730
FALL FUNFEST
Revenue
$26,547
MARGATE MAP & CALENDAR
Revenue
$21,575
BEACHSTOCK
Revenue
$18,385
LE TOUR
Revenue
$14,600
Organization Details
Founding Year
1997
Principal Officer
Ed Berger
Website
www.margatehasmore.comNTEE Category
Code: J20Z - Employment
If you are a representative of Margate Business Association Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.