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Moorhead Business Association Inc

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

EIN: 274254782 ✦ Moorhead, MN ✦ Designated as a 501(c)(6)

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Overview

What is Moorhead Business Association Inc?

The Moorhead Business Association Inc, located at 200 5th Street S, Moorhead, Minnesota 56560, is a nonprofit organization with a mission to promote the growth of local businesses. They achieve this by advocating for businesses, fostering networking opportunities, and providing valuable information. The association is dedicated to enhancing existing businesses and creating a welcoming environment that encourages new enterprises to establish roots in the community. With a team of three employees, they strive to build a thriving business community in Moorhead.

Is Moorhead Business Association Inc legitimate?

Moorhead Business Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Moorhead 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: $108,924
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,634

For more financial information, click here

What is the mission statement of Moorhead Business Association Inc?

The Moorhead Business Association (MBA) strives to promote the growth of businesses through advocacy, networking, and dissemination of information. This organization is dedicated to improving the business environment by strengthening existing businesses and creating an inviting atmosphere that encourages new businesses. The MBA's commitment is to enhance the overall business landscape, thereby contributing to a better environment for conducting business.

Who is the CEO of Moorhead Business Association Inc?

Jon Becker is the Executive Director of Moorhead Business Association Inc.

What is the revenue of Moorhead Business Association Inc?

Moorhead Business Association Inc's revenue in 2022 was $197,694.

Who are the executives of Moorhead Business Association Inc and what are their salaries?

The average compensation at Moorhead Business Association Inc during 2022 was $40,853. There are 3 employees and 20 volunteers at Moorhead Business Association Inc.


Here are 14 key members and their salaries:


Sheri Larson (Executive Director)
  • Compensation: $71,602
  • Related: $0
  • Other: $0
Alisha Nelson (Assistant Director)
  • Compensation: $23,999
  • Related: $0
  • Other: $0
Kim Schlotfeldt (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amber Solum (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Becker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brady Helmer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cassie Temple (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Chatelain-Opitz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Lundberg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Johnson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cidy Cole-Softing (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Oertli (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Overturf (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Bartholomay (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Moorhead Business Association Inc?

Moorhead Business Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Moorhead Business Association Inc

The Moorhead Business Association (MBA) is dedicated to promoting the growth of businesses within Moorhead. This nonprofit organization achieves this goal through advocacy, networking, and the dissemination of information. The MBA is passionate about enhancing existing businesses and creating a conducive environment that encourages new businesses to establish operations. By fostering this community atmosphere, the MBA aims to contribute to the betterment of Moorhead as a whole, making it an attractive place for businesses to thrive.

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Impact




October, 2024

Moorhead Business Association Inc significantly impacts the local business landscape by fostering growth and strengthening the community through advocacy, networking, and information sharing. Their efforts create an environment conducive to both established businesses and potential new ventures, enhancing the overall business climate in Moorhead.

By focusing on advocacy, the association represents the interests of local businesses, ensuring their voices are heard in community matters and policy decisions. Networking opportunities facilitate connections among business owners, allowing for collaboration and resource sharing, which can lead to innovative solutions and partnerships. The information provided by the association helps businesses stay informed about industry trends, local regulations, and best practices, ultimately contributing to their success.

Moreover, the MBA is committed to cultivating a sense of community that benefits all stakeholders. This approach not only encourages residents to support local businesses but also attracts new enterprises to Moorhead. The association’s impact extends beyond individual businesses; it enhances community pride and promotes economic vitality, making Moorhead a thriving place to conduct business and live.




This information is meant to be a general summary of Moorhead 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.

Revenue
$197,694 (2022)
Expenses
$217,012 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $895
  • Program Service Revenue: $94,899
  • Gross Receipts: $197,694

Assets and Liabilities:

  • Total Assets: $171,750
  • Total Liabilities: $11,340
  • Net Assets: $160,410

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FROSTIVAL

Revenue

$5,610

COLLEGE BASH

Revenue

$8,008

GOLF EVENT

Revenue

$25,085

5656 OHS AND AHS

Revenue

$32,737

ANNUAL MEETING

Revenue

$19,155

Organization Details

Founding Year

1958

Principal Officer

Jon Becker

Main Address

200 5TH ST S, MOORHEAD, MN, 56560

NTEE Category

Code: S41 - Community improvement

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