Nonprofit · EIN 16-1614341
THE INLET AREA BUSINESS ASSOCIATION INC
Tax-exempt (reinstated) · INLET, NY 13360
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $56,384 | $18,697 | $37,687 | $189,064 | $0 | $189,065 |
| December 31, 2024 | 990-EZ | $52,036 | $17,568 | $34,468 | $151,378 | $1,000 | $150,378 |
| December 31, 2023 | 990-EZ | $57,166 | $14,592 | $42,574 | $117,010 | $1,100 | $115,910 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,100
- Membership dues
- $6,600
- Investment income
- $855
- Net income from fundraising events
- $46,898
- Net income from sales of inventory
- -$69
Expenses
- Grants and similar amounts paid
- $11,075
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $1,400
- Printing, publications and postage
- $193
- Other expenses
- $6,029
- Program services (functional)
- $8,698
Balance sheet and other
- Total assets, start of year
- $151,378
- Total assets, end of year
- $189,064
- Total liabilities, end of year
- $0
- Net assets, end of year
- $189,065
- Cash, savings and investments
- $182,369
- Land and buildings
- $4,285
- Gross receipts
- $128,476
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID SCRANTON | Chairman | 5 | $0 |
| JANE SLACK | Treasurer | 3 | $0 |
| LYNN DURKIN | Vice Chairman | 1 | $0 |
| ADELE MURDOCK BURNETT | Inlet Information | 15 | $0 |
| CONNIE PERRY | At Large | 2 | $0 |
| HOLLY KOEPPE | Secretary | 1 | $0 |
| JANET CARDELLA | Membership | 1 | $0 |
| SHARON MILLER | Membership | 1 | $0 |
990-EZ for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID SCRANTON | Chairman | 2 | $0 |
| JANE SLACK | Treasurer | 2 | $0 |
| LYNN DURKIN | Vice Chairman | 1 | $0 |
| ADELE MURDOCK BURNETT | Inlet Information | 20 | $0 |
| CONNIE PERRY | At Large | 2 | $0 |
| HOLLY KOEPPE | Secretary | 1 | $0 |
| JANET CARDELLA | Membership | 1 | $0 |
| SHARON MILLER | Membership | 1 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID SCRANTON | Chairman | 0 | $0 |
| JANE SLACK | Treasurer | 0 | $0 |
| DANICIA NERSCHOOK | Secretary | 0 | $0 |
| LYNN DURKIN | Vice Chairman | 0 | $0 |
| ADELE MURDOCK BURNETT | Inlet Information | 0 | $0 |
| CONNIE PERRY | At Large | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 231, INLET, NY 13360-0231
- In care of
- % JENNIFER J MARSH
- Mailing address (990-N for 2017)
- PO Box 231, Inlet NY 13360
- Principal officer (990-N for 2017)
- David Scranton, PO Box 231, Inlet NY 13360
- Signed the 990-EZ
- JENNIFER J MARSH, Chairperson
- Phone
- (315) 357-5501
- Website
- inletny.com
- Return prepared by
- VerDack Corp Inc
Mission
To serve as the Publicity bureau for the town.
Program accomplishments
- Community Pride Day - Cleaning up the local roadway banks and gutters.Expenses $6,160
- Champagne Bus - Providing transportation on New Years Eve to shuttle patrons between local establishments.Expenses $1,400
- Frozen Fire & Lights - Bonfire, hot dogs, donuts, and hot chocolate for residetns and guests in the Town of Inlet durings a show of fireworks over the snow.Expenses $1,138
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 16-1614341
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $189,064
- Income (IRS master file)
- $128,476
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $56,384 | $18,697 | $189,064 | IRS |
| 990-EZ | December 2024 | $52,036 | $17,568 | $151,378 | XML |
| 990-EZ | December 2023 | $57,166 | $14,592 | $117,010 | XML |
| 990 | December 2022 | $28,436 | $21,925 | $74,686 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: David Scranton | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1614341).
Questions about THE INLET AREA BUSINESS ASSOCIATION INC
- What is the EIN of THE INLET AREA BUSINESS ASSOCIATION INC?
- The employer identification number (EIN) of THE INLET AREA BUSINESS ASSOCIATION INC is 16-1614341.
- Is THE INLET AREA BUSINESS ASSOCIATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to THE INLET AREA BUSINESS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THE INLET AREA BUSINESS ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE INLET AREA BUSINESS ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE INLET AREA BUSINESS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of THE INLET AREA BUSINESS ASSOCIATION INC?
- The 990-N for 2017 names David Scranton.
- Who are the officers and directors of THE INLET AREA BUSINESS ASSOCIATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does THE INLET AREA BUSINESS ASSOCIATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $56,384, expenses of $18,697 and total assets of $189,064 at year end.
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- INLET HISTORICAL SOCIETY EIN 80-0426021 · last filed 990-EZ for 2025
- TOWN OF INLET PUBLIC LIBRARY EIN 16-1221865 · last filed 990-N for 2025
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All nonprofits in INLET · New York · Community improvement and capacity building