Overview
What is Putnam Business Association Inc?
The Putnam Business Association Inc, based in an unspecified location, is a community-driven organization comprising local business owners. They convene on the second Wednesday of each month, collectively aiming to boost local enterprises. In 2019, their three most significant events were the Fire & Ice Festival, generating $30,785, First Friday, earning $26,150, and the Pumpkin Festival, yielding $11,780. Despite generating revenue, their expenses for these activities were noteworthy, with the Fire & Ice Festival costing $24,344, First Friday at $25,113, and the Pumpkin Festival requiring $7,612. Their primary mission is to promote local businesses through event planning and organization.
Official website here: www.putnambusiness.org
Is Putnam Business Association Inc legitimate?
Putnam Business Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Putnam Business Association Inc 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.putnambusiness.org
What is the mission statement of Putnam Business Association Inc?
The Putnam Business Association (PBA) is an organization primarily composed of local business owners. Their main objective is to collectively promote local businesses by organizing, planning, and executing local events. The PBA conducts several events annually, with notable ones being the Fire & Ice Festival, First Friday, and Pumpkin Festival, each contributing to their annual revenue. Although financial details are provided, the mission statement of the PBA is not explicitly stated in the given information. However, it can be inferred that their mission revolves around fostering business growth and community engagement through event-based initiatives.
Official website here: www.putnambusiness.org
Who is the CEO of Putnam Business Association Inc?
Thomas Borner is the President of Putnam Business Association Inc.
Official website here: www.putnambusiness.org
What is the revenue of Putnam Business Association Inc?
Putnam Business Association Inc's revenue in 2022 was $51,741.
Official website here: www.putnambusiness.org
Who are the executives of Putnam Business Association Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.putnambusiness.org
Where can I find the form 990EZ for Putnam Business Association Inc?
Putnam Business Association Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.putnambusiness.org
Learn more at the official website: www.putnambusiness.org
Mission Statement of Putnam Business Association Inc
The Putnam Business Association (PBA) is an organization comprised of local business owners who unite with a shared objective of boosting local businesses. They accomplish this by organizing, implementing, and conducting various local events. In 2019, their three largest events were the Fire & Ice Festival, First Friday, and the Pumpkin Festival, generating significant revenue of $30,785, $26,150, and $11,780 respectively. Despite generating revenue, the PBA also incurred expenses for these events, amounting to $24,344 for the Fire & Ice Festival, $25,113 for First Friday, and $7,612 for the Pumpkin Festival. The association's activities aim to promote local businesses and foster a sense of community among its members.
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Impact
October, 2024
The Putnam Business Association Inc significantly contributes to the local economy and community cohesion in Putnam, CT, through the promotion of local businesses and the organization of engaging events. By bringing together local business owners on a regular basis, the association fosters collaboration and a shared vision for enhancing the region's business landscape.
In 2019, the Association organized key events that not only attracted residents and visitors but also generated notable revenue. The Fire & Ice Festival brought in $30,785, First Friday generated $26,150, and the Pumpkin Festival added $11,780 to the local economy. These events serve as vital platforms for businesses to showcase their offerings, thereby enhancing community engagement and supporting local commerce.
Moreover, the association's efforts to conduct these large-scale events, with expenses corresponding closely to their revenue (e.g., $24,344 for Fire & Ice Festival expenses versus its revenue), illustrate a commitment to sustainable practices that benefit both the community and local businesses. Through these activities, the Putnam Business Association not only promotes economic growth but also strengthens the social fabric of the community by creating opportunities for interaction and collaboration among residents and business owners alike.
This information is meant to be a general summary of Putnam 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 2022.
- Gross Receipts: $154,685
Assets and Liabilities:
- Total Assets: $43,294
- Total Liabilities: $0
- Net Assets: $43,294
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Organization Details
Phone
(860) 428-1278Principal Officer
Thomas Borner
Main Address
66 Main Street / PO Box 691 5, Putnam, CT, 06260
Website
www.putnambusiness.orgNTEE Category
Code: S41 - Community improvement
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