The information for Somerton Youth Organization is as of the organization's most recent filing in September 2020. This organization is located in Philadelphia, PA. It has been in existence for 49 years, following its founding in 1971.
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.
The Somerton Youth Organization's NTEE code is O20. The "O" tells us that the organization is classified along with Youth Centers & Clubs. The "20" tells us that the organization is a Youth Development organization. The NTEE describes Youth Development organizations as organizations that provide supervised recreational and social activities for children and youth, particularly for disadvantaged youth, through youth-oriented clubs or centers with the objective of building character and developing leadership and social skills among participants.
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)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
The program area focuses on providing baseball, softball, basketball, soccer, football, and cheerleading for children between the ages of 5 and 17.
The Somerton Youth Organization has experienced mixed growth over the last five years. Program Service Revenue has increased significantly, rising from $860 in 2014 to $4.4K in 2019. However, Total Revenue saw a decrease during this same time period, dropping from $64.7K to $53.5K.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Benjamin Barbour President | 10 | $0 | |
William J Reid Treasurer | 1 | $0 | |
Francis Young Athletic Director | 15 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $15,500 |
Total Program Service Revenue | $8,924 |
Membership dues | $47,994 |
Investment income | $14 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $72,432 |
Statement of Expenses | |
---|---|
Total expenses | $93,423 |
Balance Sheet | |
---|---|
Total assets | $300,435 |
Total liabilities | $0 |
Net assets or fund balances | $300,435 |
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