Stamford Police Association Inc
- Assets
- $445.2k
- Revenue
- $451.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Stamford, CT
- Founding
- 02/1947
- Data as of
- 09/2023
- EIN
- 06-6069059
Organization Overview
Stamford Police Association Inc is located in Stamford, CT. The organization was established in 1947. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. As of 09/2023, Stamford Police Association Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stamford Police Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Stamford Police Association Inc generated $451.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $415.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE STAMFORD POLICE ASSOCIATION IS A FRATERNAL ORGANIZATION MADE UP WITH CURRENT AND RETIRED MEMBERS OF THE STAMFORD POLICE DEPARTMENT WHO ARE DEDICATED TO PROVIDING BENEFITS TO MEMBERS AND SPONSORING COMMUNITY ACTIVITIES AND CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE INSURANCE, RETIREMENT AWARDS AND OTHER EXPENSES FOR MEMBERS AND RETIRED MEMBERS.
SPORTS TEAMS, STATE COALITION, CONTRIBUTIONS AND SCHOLARSHIP AWARDS:THE ASSOCIATION PROVIDES ASSISTANCE TO VARIOUSCOMMUNITY ORGANIZATIONS IN THE STAMFORD, CT AREA. ASSISTANCE IS PROVIDED IN THE FORM OF DONATIONS TO INDIVIDUALS AND ORGANIZATIONS; SPONSORSHIPS FOR YOUTH PROGRAMS AND ATHLETICS; SCHOLARSHIPS. THE GOAL OF THE PROGRAM IS TO SERVE THE COMMUNITY AND PROVIDE EDUCATIONAL, CULTURAL AND SOCIAL PROGRAMS THAT BENEFIT THE COMMUNITY AS A WHOLE.
WIDOW'S FUND AWARDS:THIS FUND WAS ESTABLISHED TO ASSIST THE WIDOW'S OF FALLEN OFFICERS. FUNDS ARE DISTRIBUTED ANNUALLY ON A MOST NEEDED TO LEAST NEEDED BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David O'meara Trustee | OfficerTrustee | 40 | $43,224 |
Luis Burdi Trustee | Trustee | 25 | $29,375 |
Vanessa Lynn Treasurer | Officer | 8 | $12,967 |
Louis Serna Trustee | Trustee | 2 | $4,332 |
Jason C Deems Trustee | Trustee | 2 | $4,332 |
Frederick Raymond Trustee | OfficerTrustee | 5 | $4,322 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $319,790 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,992 |
| Noncash contributions included in lines 1a–1f | $6,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,782 |
| Total Program Service Revenue | $0 |
| Investment income | $15,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,325 |
| Net Income from Fundraising Events | $76,385 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $451,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,888 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $84,389 |
| Compensation of current officers, directors, key employees. | $120,163 |
| Compensation of current officers, directors, key employees. | $120,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,840 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $35,575 |
| Fees for services: Investment Management | $2,067 |
| Fees for services: Other | $29,022 |
| Advertising and promotion | $2,026 |
| Office expenses | $8,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,219 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $599 |
| Insurance | $4,788 |
| All other expenses | $0 |
| Total functional expenses | $415,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,795 |
| Savings and temporary cash investments | $21,891 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,293 |
| Investments—publicly traded securities | $258,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $445,203 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $418,755 |
| Net assets with donor restrictions | $26,448 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $445,203 |