Ridgelys Run Community Association Inc

The information for Ridgelys Run Community Association Inc is as of the organization's most recent filing in December 2018. This organization is located in Jessup, MD and has been in existence for 10 years, following its founding in 2008.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Ridgelys Run Community Association Inc's NTEE code is N31. The "N" tells us that the organization is classified along with Community Recreational Centers. The "31" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as those that operate centers which offer a variety of recreational facilities such as athletic fields and courts, a gymnasium, a swimming pool, and public lockers.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(4) organization. The IRS describes these organizations as Civic Leagues, Social Welfare Organizations, and Local Associations of Employees.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Ridgelys Run Community Association Inc is to provide care and preservation of open spaces and common areas of a community in Howard County, MD.

Program Areas

The planned activities of the organization, such as helping needy families, tutoring youth, after school activities, senior social clubs, teen and preteen dances, group exercise programs, family night events and organizing a baseball league, will benefit not only the Ridgely Run Community Center but also the neighboring communities.

Board Governance

Ridgelys Run Community Association Inc is well-governed, with seven voting members, six of whom are independent. The organization has not delegated management to an outside firm, and board and committee meetings are documented. The organization does not have a conflict of interest policy, but does require disclosure of conflicts and has a written whistleblower policy. A document retention policy is not in place, but the organization does substantiate and review officer salaries. Furthermore, the organization provides copies of the 990 to the board prior to filing. Overall, Ridgelys Run Community Association Inc is well-governed and is taking steps to ensure transparency and accountability.

Organization Growth

Overall, the Ridgelys Run Community Association Inc did not experience growth over the given time period. Investment income decreased, as did other revenue and grants paid. Total revenue and expenses increased slightly, but not enough to indicate any real growth.

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Board, Officers & Key Employees

Name (title)Compensation
William Exum
President
$21,000
Bessie Bordenave
Vice President
$21,000
Rebecca Mckirahan
Treasurer
$3,000
Myrtle Webb
Secretary
$0
Caleb Gould
Director
$0
Gloria Harver
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $154,584
Net Rental Income $24,466
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $179,050

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