BUSINESS DEVELOPMENT BOARD OF MARTIN COUNTY INC Charity Report

Public IRS 990 nonprofit record

BUSINESS DEVELOPMENT BOARD OF MARTIN COUNTY INC

EIN 65-0255366 · Professional Athletic Leagues (N80)

What they do

to LEAD ECONOMIC DEVELOPMENT BY SUPPORTING LOCAL CONTRIBUTORY BUSINESSES, ATTRACTING INVESTMENT, and FOSTERING JOB CREATION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$104.98spent for every $100 of revenueSpending was higher than revenue this year.

23.88%of revenue went to management and office costs22.7% of expenses

$0.78in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $31,990 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $9,281 for WILLIAM CORBIN (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$642,547

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$153,41023.88% of revenue22.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$674,537104.98% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 0.0% mission · 22.7% management · 0.0% fundraisingTotal expenses: 104.98% of revenue

2023Expense mix: 89.1% mission · 10.9% management · 0.0% fundraisingTotal expenses: 109.27% of revenue

2022Expense mix: 87.8% mission · 12.2% management · 0.0% fundraisingTotal expenses: 106.86% of revenue

2021Expense mix: 88.2% mission · 11.8% management · 0.0% fundraisingTotal expenses: 86.21% of revenue

2020Expense mix: 86.3% mission · 13.7% management · 0.0% fundraisingTotal expenses: 91.30% of revenue

2019Expense mix: 0.0% mission · 35.9% management · 0.0% fundraisingTotal expenses: 90.88% of revenue

2018Expense mix: 0.0% mission · 45.4% management · 0.0% fundraisingTotal expenses: 77.60% of revenue

Money in and money out

Revenue$642,547

Expenses$674,537

Annual shortfall $31,990 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$153,410 · 22.7% of expenses

See all reported dollar amounts

Revenue$642,547

Expenses$674,537

Assets$527,998

Income$642,547

Grants given$24,500

Average grant$3,063

Management and general$153,410

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

WILLIAM CORBINEXECUTIVE DIRECTOR · 40 hrs/week $9,281

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

WILLIAM CORBINEXECUTIVE DIRECTOR

MAYGAN JOHNSONBOARD MEMBER

TYSON WATERSBOARD MEMBER

SUSAN RABINOWITZPRESIDENT

STEVEN HARTZBOARD MEMBER

SEAN REEDBOARD MEMBER

RON ROSEBOARD MEMBER

REED HARTMANBOARD MEMBER

PATRICK GLEASONBOARD MEMBER

BRIAN BAUERBOARD MEMBER

MARSHALL CRITCHFIELDBOARD MEMBER

LAUREN ABBOTTTREASURER

ERIC KIEHNPAST PRESIDENT

ED WEINBERGBOARD MEMBER

DAVID SNYDERBOARD MEMBER

DAVID ROSENDAHLSECRETARY

DAN ROMENCEPRESIDENT-ELECT

CARMINE DIPAOLOBOARD MEMBER

About this charity

Recognized since: January 1992
Location: 1002 SE MONTEREY COMMONS BLVD, STUART, FL 34996-3357
County: Martin
In care of: % BUSINESS DEVELOP BRD OF MARTIN CT
Primary officer: WILLIAM CORBIN, EXECUTIVE DIRECTOR

How to reach them

Phone(772) 221-1380

Filing and classification

Latest tax year: 2024
Tax period began: October 1, 2024
Return type: 990
Tax preparer: DIBARTOLOMEO MCBEE HARTLEY & BARNES
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues
Grant-giving organization: Yes