Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
St Michaels Business Association Inc
EIN 52-2099720 • 501(c)6 • St Michaels, MD
Profile
To advance the retail merchants, professional services, hospitality, commercial, real estate, civic and community interests of businesses operarting in st michaels, md
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.02x
Liabilities / Revenue
73rd percentile
Higher debt load relative to revenue than 73% of similar nonprofits.
Net Margin
98th percentile
Higher net margin than 98% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
58th percentile
Faster asset growth than 58% of similar nonprofits.
Revenue Growth
25th percentile
Faster revenue growth than 25% of similar nonprofits.
Balance Sheet
Assets
Up$51,035
Up $3,200 (+6.7%) from 2022
Liabilities
Up$5,500
Up $500 (+10%) from 2022
Net Assets
Up$45,535
Up $2,700 (+6.3%) from 2022
Revenue
Down$26,428
Down $7,546 (-22%) from 2022
Expenses
Up$23,728
Up $2,814 (+13%) from 2022
Net Income
Down$2,700
Down $10,360 (-79%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $51,035
- Liabilities
- $5,500
- Net assets
- $45,535
- Revenue
- $26,428
- Expenses
- $23,728
- Net income
- $2,700
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- May 10, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $30,444
Mission and Program Overview
Mission
To advance the retail merchants, professional services, hospitality, commercial, real estate, civic and community interests of businesses operating in st michaels, md
To advance the retail merchants, professional services, hospitality, commercial, real estate, civic and community interests of businesses operarting in st michaels, md
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO ADVANCE THE RETAIL MERCHANTS, PROFESSIONAL SERVICES, HOSPITALITY, COMMERCIAL, REAL ESTATE, CIVIC AND COMMUNITY INTERESTS OF BUSINESSES OPERARTING IN ST MICHAELS, MD | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| KIM HANNON | President | - | $0 | - | - |
| BOBBI PARLETT | Vice President/Treasurer | - | $0 | - | - |
| DEBRA ALMS | Secretary | - | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Fall Into St. Michaels | $900 | $900 | $3,994 | $-3,094 |
| Chocolate Festival | - | - | $22 | - |
| Total Events | $900 | $900 | $4,016 | $-3,116 |
Filing and Contact Details
Filer
- Filer Name
- St Michaels Business Association Inc
- EIN
- 52-2099720
- Phone
- 4107458057
- Address
- PO BOX 1221, ST MICHAELS, MD 21663
Signing Officer
- Name
- Kim Hannon
- Title
- President
- Phone
- 4107458057
- Signed
- 2024-05-10
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Bsc Group LLC
- Address
- 114 BAY STREET BUILDING B, EASTON, MD 21601
- Preparer
- Andrew T Walsworth
- Phone
- 4108226950
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: interest. Amount: 1. Description: other. Amount: 118. Total to form 990-ez, line 8: 119.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: insurance. Amount: 530. Description: office expense. Amount: 425. Description: repairs & maintenance. Amount: 1,229. Description: service charge. Amount: 963. Description: advertising. Amount: 1,730. Description: website exp. Amount: 3,279. Description: member mixers. Amount: 1,000. Total to form 990-ez, line 16: 9,156.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: security deposit. Beg. Of year amount: 400. End of year amount: 0. Description: undeposited funds. Beg. Of year amount: 0. End of year amount: 300.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 5,000. End of year amount: 5,500.”
Raw XML Appendix134 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4107458057 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 1221 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | ST MICHAELS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 21663 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 47435 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 50735 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2700 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 7985 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 47835 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 51035 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 900 |
| IRS990EZ/GrossReceiptsAmt | 0 | 30444 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 29425 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 42835 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 45535 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 42835 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 45535 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 1677 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | KIM HANNON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | BOBBI PARLETT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DEBRA ALMS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDENT/TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 400 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 300 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 9156 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 119 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO ADVANCE THE RETAIL MERCHANTS, PROFESSIONAL SERVICES, HOSPITALITY, COMMERCIAL, REAL ESTATE, CIVIC AND COMMUNITY INTERESTS OF BUSINESSES OPERARTING IN ST MICHAELS, MD |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 4910 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO ADVANCE THE RETAIL MERCHANTS, PROFESSIONAL SERVICES, HOSPITALITY, COMMERCIAL, REAL ESTATE, CIVIC AND COMMUNITY INTERESTS OF BUSINESSES OPERARTING IN ST MICHAELS, MD |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 4016 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | -3116 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 5000 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 5500 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 23728 |
| IRS990EZ/TotalRevenueAmt | 0 | 26428 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | STMICHAELSMD.ORG |
| IRS990ScheduleG/AgrmtProfFundraisingActyInd | 0 | 0 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 4016 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | CHOCOLATE FESTIVAL |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm | 0 | FALL INTO ST. MICHAELS |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt | 0 | 900 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 900 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt | 0 | 900 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 900 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | -3116 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 4016 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 22 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt | 0 | 3994 |
| IRS990ScheduleG/SpecialFundraisingEventsInd | 0 | X |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST. AMOUNT: 1. DESCRIPTION: OTHER. AMOUNT: 118. TOTAL TO FORM 990-EZ, LINE 8: 119. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: INSURANCE. AMOUNT: 530. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 425. DESCRIPTION: REPAIRS & MAINTENANCE. AMOUNT: 1,229. DESCRIPTION: SERVICE CHARGE. AMOUNT: 963. DESCRIPTION: ADVERTISING. AMOUNT: 1,730. DESCRIPTION: WEBSITE EXP. AMOUNT: 3,279. DESCRIPTION: MEMBER MIXERS. AMOUNT: 1,000. TOTAL TO FORM 990-EZ, LINE 16: 9,156. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: SECURITY DEPOSIT. BEG. OF YEAR AMOUNT: 400. END OF YEAR AMOUNT: 0. DESCRIPTION: UNDEPOSITED FUNDS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 300. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 5,000. END OF YEAR AMOUNT: 5,500. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KIM HANNON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4107458057 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ST MICHAELS BUSINESS ASSOCIATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | STMI |
| ReturnHeader/Filer/EIN | 0 | 522099720 |
| ReturnHeader/Filer/PhoneNum | 0 | 4107458057 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 1221 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ST MICHAELS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 21663 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 814629899 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BSC GROUP LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 114 BAY STREET BUILDING B |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | EASTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 21601 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4108226950 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANDREW T WALSWORTH |
| ReturnHeader/ReturnTs | 0 | 2024-05-13T09:12:49-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | KIM |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | HANNON |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
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