Hatteras Village Civic Association Inc
- Assets
- $1.5m
- Revenue
- $87.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Hatteras, NC
- Founding
- 04/1974
- Data as of
- 12/2021
- EIN
- 23-7097949
Organization Overview
Hatteras Village Civic Association Inc is located in Hatteras, NC. The organization was established in 1974. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hatteras Village Civic Association Inc 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 12/2021, Hatteras Village Civic Association Inc generated $87.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $78.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hatteras Village Civic Association Inc has awarded 88 individual grants totaling $258,878. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CIVIC ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORS, PROMOTES, MANAGES PROPERTY AND PROGRAMSFOR THE IMPROVEMENT AND BENEFIT OF THE SOCIAL ANDCIVIC WELFARE OF THE RESIDENTS OF HATTERAS VILLAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Jarvis President | OfficerTrustee | 3 | $0 |
Jordan Timberline Recording Secretary | OfficerTrustee | 1 | $0 |
Erin Trant Vice President | OfficerTrustee | 1 | $0 |
Jenna Willis Director | Trustee | 1 | $0 |
Laurie Parker Director | Trustee | 1 | $0 |
Wesley Sigmon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,936 |
| Total Program Service Revenue | $2,535 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,595 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,000 |
| Grants and other assistance to domestic individuals. | $3,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,900 |
| Royalties | $0 |
| Occupancy | $276 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,952 |
| Insurance | $915 |
| All other expenses | $0 |
| Total functional expenses | $78,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,215 |
| Savings and temporary cash investments | $12,819 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $398,201 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,045,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $117 |
| Total assets | $1,528,923 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $360,000 |
| Other liabilities | $0 |
| Total liabilities | $360,000 |
| 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 | $1,168,923 |
| Total liabilities and net assets/fund balances | $1,528,923 |
Grants Awarded
Over the last fiscal year, Hatteras Village Civic Association Inc has awarded $51,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Hatteras, NC PURPOSE: SUPPORT FIRE DEPT | $12,500 |
HATTERAS UNITED METHODIST CHURCH PURPOSE: CHARITABLE | $12,500 |
Hatteras, NC PURPOSE: SUPPORT FIRE AUXILLIARY | $12,500 |
HATTERAS UMC METHODIST MEN PURPOSE: FOOD PANTRY | $4,000 |
HATTERAS COMMUNITY PRESCHOOL PURPOSE: PRESCHOOL | $3,000 |
Hatteras, NC PURPOSE: CANCER PATIENTS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Miller School Of Albermarle Charlottesville, VA | $35,553,057 | $8,965,798 |
United States Public Policy Council Mc Lean, VA | $515,116 | $8,099,974 |
Global Service Network Inc Apex, NC | $3,942,579 | $9,338,562 |
Memphis Rise Academy Inc Memphis, TN | $16,603,150 | $9,374,095 |
Gaston Christian Schools Inc Gastonia, NC | $18,086,677 | $10,176,394 |
Gateway Research Park Inc Greensboro, NC | $77,329,453 | $5,504,159 |
Christian Heritage School Inc Dalton, GA | $23,929,248 | $5,906,596 |
Barry-Robinson Schools Of Norfolk Norfolk, VA | $3,077,648 | $6,392,966 |
National Institute Of Governmental Purchasing Inc Herndon, VA | $6,972,915 | $6,098,960 |