Verdmont Outing Club
- Assets
- $224.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pownal, VT
- Founding
- 02/1976
- Data as of
- 07/2022
- EIN
- 03-6008681
Organization Overview
Verdmont Outing Club is located in Pownal, VT. The organization was established in 1976. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. Verdmont Outing Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2022, Verdmont Outing Club generated $21.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $25.2k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MAINTAIN HIKING AND NATURE TRAILS, PICNIC AND CAMPING FOR PUBLIC ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Wang President | 0 | $0 | |
Lucinda Hudson-Knapp Secretary | 0 | $0 | |
Nola Evans Vice President | 0 | $0 | |
David Naaktgeboren Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $20,950 |
| Investment income | $95 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,045 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,739 |
| Occupancy, rent, utilities, and maintenance | $15,843 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,630 |
| Total expenses | $25,212 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,716 |
| Other assets | $0 |
| Total assets | $224,344 |
| Total liabilities | $0 |
| Net assets or fund balances | $224,344 |
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