Business Plus INC EIN 20-3898333 Form 990 (PDF) Claim this org

Business Plus INC

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Funds local groups to attract businesses, create jobs, and expand companies. For fiscal year 2024 it reported $179K in revenue, $236K in expenses, and $281K in net assets.Pt I

Founded
2005
Type
Business league / trade association · Nonprofit
Location
Twin Falls, ID
Website
www.business-plus.org
Filings
4 on file (2021–2024)
Revenue
$179KFY2024
Expenses
$236K
Net assets
$281K
People
18
Filings
4
Updates
0
More identity details & actions ⌄
EIN  20-3898333 Business league / trade association Twin Falls, ID Founded 2005
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds local groups to attract businesses, create jobs, and expand companies.
Leadership
Rebecca Wildman · Executive Di · $34K
Money in and out
$179K revenue, $236K expenses
Bottom line
-32% operating surplus
Membership & operating revenue · FY2024
Total revenue
$179K
Pt VIII · Ln 12
Total expenses
$236K
Pt IX · Ln 25
Net assets
$281K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$57K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.01 Fundraising $0.14
Operating surplus
-32%
revenue over expenses▼ -4162% vs prior filing year
Earned revenue
93%
of revenue from program services & dues▼ -2% vs prior filing year
Program spending
85%
of expenses reach member services▲ +6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$179K
FY2024▼ -3%
Expenses
$236K
FY2024▲ +29%
Total assets
$281K
FY2024▼ -17%
Total liabilities
$0
FY2024
Total revenue
$179K
Pt VIII · Ln 12
Total expenses
$236K
Pt IX · Ln 25
Net assets
$281K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$57K
Total assetsPt X · Ln 16$281K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 425

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBusiness Plus INC
EINHdr · item D20-3898333
Principal addressHdr · item CTwin Falls, ID
WebsiteHdr · item Jwww.business-plus.org
Year of formationHdr · item L2005
State of legal domicileHdr · item MID
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$33,648Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Rebecca Wildman$33,648$34,750$35,408$34,630$31,040

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $200K of program spending, described in the organization's own filed words · FY2024.
01

Business plus provides an assessment to the magic valley's regional marketing organization to facilitate marketing our area to new businesses wishing to relocate and create jobs

$200Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$166K · 93%
Investment income$12K · 7%
Program service revenue93%$166K
Investment income7%$12K
Total revenueLn 12$179K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.01 Fundraising $0.14
Program services85%$200K
Management & general1%$2K
Fundraising14%$34K
Total functional expensesLn 25$236K

Balance Sheet

Part X · end of year
CashLn 1$281K
Total assetsLn 16$281K
Total liabilitiesLn 26$0
Total net assetsLn 32$281K
Months of cash on handcomputed14.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $281K · Operating expenses/yr $236K
14.3 months
Where the money goes
Program services
Program services $200K · Total expenses $236K
85%
Management & General
Management & general $2K · Total expenses $236K
0.7%
Fundraising
Fundraising $34K · Total expenses $236K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $35K · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $179K
0%
Government reliance
Government grants — · Total revenue $179K
Earned-income share
Program service revenue $166K · Total revenue $179K
93%
Investment reliance
Investment income $12K · Total revenue $179K
+7%
Program self-sufficiency
Program service revenue $166K · Total expenses $236K
70%
Growth & trend
Revenue growth (YoY)
This year $179K · Prior year $185K
-3%
Revenue CAGR
FY2020 $174K · FY2024 $179K
+0.7%
Net-asset trend (YoY)
End of year $281K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $179K · Expenses $236K
-32%
Liabilities-to-Assets
Total liabilities — · Total assets $281K
Net-asset ratio
Net assets $281K · Total assets $281K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $281K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rebecca Wildman · Reported title EXECUTIVE DI · Highest reported compensation $34K · Total expenses $236K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $236K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 0.7%
Revenue growth -3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$6K
Grants paid · 9 grants · $647K · 2020–2024
SiedoFY2024$175,000
SiedoFY2023$116,000
SiedoFY2022$105,000
SiedoFY2021$101,000
SiedoFY2020$110,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$185K revenue · ⤓ 990 PDF
FY2023$199K revenue · ⤓ 990 PDF
FY2022$168K revenue · ⤓ 990 PDF
FY2021$174K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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