Friends Of Allegany County Arc
- Assets
- $309.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wellsville, NY
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 16-1444994
Organization Overview
Friends Of Allegany County Arc is located in Wellsville, NY. The organization was established in 1995. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Allegany County Arc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Friends Of Allegany County Arc generated $27.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $28.7k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE AGENCY CONDUCTS FUNDRAISING ACTIVITIES FOR THE BENEFIT OF NYSARC, INC, ALLEGANY COUNTY CHAPTER, A TAX-EXEMPT RELATED PARTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Mccormick President | 1 | $0 | |
Teresa Mcmahon Vice President | 1 | $0 | |
Mike Damiano Ex. Director & Secretary/treasurer | 1 | $0 | |
Ashleigh Cline Director | 1 | $0 | |
Courtney Ashraf Director | 1 | $0 | |
Fred Dannheim CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,991 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $13,731 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,836 |
| Other Revenue | $0 |
| Total Revenue | $27,558 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,670 |
| Total expenses | $28,670 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $309,331 |
| Other assets | $0 |
| Total assets | $309,631 |
| Total liabilities | $3,580 |
| Net assets or fund balances | $306,051 |
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