Fleet Reserve Association Branch 261
- Assets
- $54.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lemoore, CA
- Founding
- 07/1972
- Data as of
- 04/2024
- EIN
- 23-7160111
Organization Overview
Fleet Reserve Association Branch 261 is located in Lemoore, CA. The organization was established in 1972. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fleet Reserve Association Branch 261 is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2024, Fleet Reserve Association Branch 261 generated $33.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $39.7k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 9 years. 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
2024
Describe the Organization's Program Activity:
Part 3
YOUTH SCHOLARSHIPS & ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald L Johnson Secretary | 10 | $0 | |
Raymond L Fratus President | 10 | $0 | |
Cody W Goodsell Vice President | 1 | $0 | |
Richard Oliver Treasurer | 1 | $0 | |
Ike Payne Jr Vice President | 1 | $0 | |
Robert Craig Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,081 |
| Total Program Service Revenue | $0 |
| Membership dues | $5,041 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $33,123 |
| 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 | $1,650 |
| Occupancy, rent, utilities, and maintenance | $6,341 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,717 |
| Total expenses | $39,708 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,233 |
| Other assets | $0 |
| Total assets | $54,479 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,479 |