Port Warwick Merchants Association
- Assets
- $21.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 07/2014
- Data as of
- 12/2019
- EIN
- 20-4770708
Organization Overview
Port Warwick Merchants Association is located in Newport News, VA. The organization was established in 2014. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Port Warwick Merchants Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2019, Port Warwick Merchants Association generated $49.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $49.5k during the year ending 12/2019. While expenses have increased by 1.4% per year over the past 5 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
2019
Describe the Organization's Program Activity:
Part 3
PROMOTION AND MARKETING BUSINESS ACTIVITIES IN AND AROUND STYRON SQUARE AS A REGIONAL SHOPPING, DINING, AND BUSINESS DESTINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Croushore President | 2 | $0 | |
Robert L Freeman Jr Secretary/treasurer | 2 | $0 | |
Vasliki S Freeman Director | 2 | $0 | |
Susan F Bryant Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $49,242 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,242 |
| 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 | $660 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,811 |
| Total expenses | $49,471 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,560 |
| Other assets | $0 |
| Total assets | $21,560 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,560 |