Cavalry Veterans Of Syracuse Inc
- Assets
- $4.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 162
- Location
- Manlius, NY
- Founding
- 08/1946
- Data as of
- 12/2022
- EIN
- 15-0508767
Organization Overview
Cavalry Veterans Of Syracuse Inc is located in Manlius, NY. The organization was established in 1946. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Cavalry Veterans Of Syracuse Inc employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cavalry Veterans Of Syracuse Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Cavalry Veterans Of Syracuse Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE DINING AND GOLF CLUB FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE DINING AND GOLF CLUB FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Verbeck President | OfficerTrustee | 1.5 | $0 |
James M Kelly Vice-President | OfficerTrustee | 1.5 | $0 |
Brian Mcgraw Director | Trustee | 1.5 | $0 |
Daniel P Jeffery Secretary | OfficerTrustee | 1.5 | $0 |
Jon Verbeck Treasurer | OfficerTrustee | 1.5 | $0 |
Robert Toole Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $362,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,250 |
| Total Program Service Revenue | $2,704,944 |
| Investment income | $10,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59,198 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$242,139 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,905,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $902,724 |
| Pension plan accruals and contributions | $15,278 |
| Other employee benefits | $0 |
| Payroll taxes | $96,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $825 |
| Fees for services: Accounting | $41,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,819 |
| Advertising and promotion | $0 |
| Office expenses | $70,126 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $221,658 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,158 |
| Insurance | $228,382 |
| All other expenses | $56,255 |
| Total functional expenses | $2,478,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,905 |
| Savings and temporary cash investments | $188,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $614,550 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,592 |
| Prepaid expenses and deferred charges | $33,798 |
| Net Land, buildings, and equipment | $2,538,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $364,572 |
| Total assets | $4,044,631 |
| Accounts payable and accrued expenses | $333,369 |
| Grants payable | $0 |
| Deferred revenue | $1,058,978 |
| 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 | $1,961,340 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,669 |
| Total liabilities | $3,424,356 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $620,275 |
| Total liabilities and net assets/fund balances | $4,044,631 |