Overview
What is Business Investment Group?
The Business Investment Group is a nonprofit organization located in Caribou, Maine, and its surrounding communities. Its primary mission is to collaborate with private providers in the development and deployment of high-speed internet. The main objective of this collaboration is to contribute positively to the local economy. As a nonprofit organization, it operates with the goal of providing this essential service to assist in the region's growth and development.
Is Business Investment Group legitimate?
Business Investment Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Investment Group 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.
What is the mission statement of Business Investment Group?
The Business Investment Group works in collaboration with private entities to establish and propagate high-speed internet as a non-profit organization. Its primary objective is to contribute to the economic growth of a specific region, without specifying the location. The Group's mission is to assist in this development process by partnering with private providers. It operates as a non-profit organization, focusing on enhancing the regional economy.
What is the revenue of Business Investment Group?
Business Investment Group's revenue in 2021 was $160,536.
Who are the executives of Business Investment Group and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for Business Investment Group?
Business Investment Group's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Business Investment Group
The Business Investment Group, as a non-profit organization, works in alliance with private providers to facilitate the creation and dissemination of high-speed internet. Their primary objective is to contribute to the economic growth of Caribou, Maine, and its neighboring communities. This mission is carried out by collaborating with private entities to develop and distribute this essential technology, thereby aiding in the overall development of the local economy.
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Impact
October, 2024
The Business Investment Group significantly impacts the economy of Caribou, Maine, and its surrounding communities by enhancing access to high-speed internet. By collaborating with private providers, the organization plays a crucial role in developing and deploying broadband infrastructure, which is essential for modern business operations and economic growth. This improved connectivity not only facilitates local businesses in accessing new markets and opportunities but also empowers residents with better educational and employment resources.
Such advancements are vital for fostering community improvement, as they attract new investments and support local entrepreneurship. Ultimately, the Business Investment Group's efforts contribute to a more robust and sustainable economic environment, positioning Caribou as an attractive destination for both businesses and residents seeking to thrive in a digitally connected world.
This information is meant to be a general summary of Business Investment Group. 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 2021.
- Investment Income: $1,536
- Gross Receipts: $160,536
Assets and Liabilities:
- Total Assets: $161,246
- Total Liabilities: $0
- Net Assets: $161,246
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Organization Details
Principal Officer
John Swanberg
NTEE Category
Code: S32 - Community improvement
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