Overview

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Est.

1913

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

GASTON BUSINESS ASSOCIATION INC is a business promotion nonprofit focused on championing economic prosperity for its members and the Gaston County community. In filing year 2024, it operated with a $1.1M budget and $1M in revenue, with major support from GASTON MEMORIAL HOSPITAL INC and CLT HOST 2020 INC, alongside SEVEN OAKS FARM FOUNDATION.

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Mission Statement

THE GASTON BUSINESSS ASSOCIATION'S MISSION IS TO CHAMPION ECONOMIC PROSPERITY FOR OUR MEMBERS AND THE GASTON COUNTY COMMUNITY.

Cause Areas

1
Business promotion
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Financials

2024
Revenues
$1M
Expenses
$1.1M
Net Income:
-$97.3K
Assets
$316.6K
Liabilities
$232.8K
Net Assets:
+$83.8K

Financial Trends

2024
Operating Budget
$1.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
GASTON MEMORIAL HOSPITAL INC
GASTONIA, NC, US
$474K
5%
CLT HOST 2020 INC
Charlotte, NC, US
$325K
13%
SEVEN OAKS FARM FOUNDATION
Belmont, NC, US
$7K
2%

Grants Received

2024
Total No. of Grants
2
Median grant size
$43.8K
Largest grant received
$84K

Board & Team

P
Patrick Mumford
Board Member
M
Moses Neuman Jr
Board Member
A
Angel Baez
Board Member
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Frequently Asked Questions

What is GASTON BUSINESS ASSOCIATION INC’s budget?
In 2024, GASTON BUSINESS ASSOCIATION INC reported an annual operating budget of around $1.1 million. More detailed financial information is available to registered users.
What causes does GASTON BUSINESS ASSOCIATION INC support?
GASTON BUSINESS ASSOCIATION INC supports work in Business promotion.
Where does GASTON BUSINESS ASSOCIATION INC operate?
GASTON BUSINESS ASSOCIATION INC is headquartered in Gastonia, NC.
Who funded GASTON BUSINESS ASSOCIATION INC recently?
In 2024, GASTON BUSINESS ASSOCIATION INC received grants from GASTON MEMORIAL HOSPITAL INC, SEVEN OAKS FARM FOUNDATION, and GASTON MEMORIAL HOSPITAL INC. More information on this organization’s funders is available to registered users.
What is the largest grant GASTON BUSINESS ASSOCIATION INC received in 2024?
The largest grant to GASTON BUSINESS ASSOCIATION INC in 2024 exceeds $84 thousand.
What is GASTON BUSINESS ASSOCIATION INC’s reliance on government grants?
GASTON BUSINESS ASSOCIATION INC relied on government grants for more than 15% of their total revenue in 2024.