Naval Enlisted Reserve Association
- Assets
- $282.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Falls Church, VA
- Founding
- 05/1991
- Data as of
- 08/2023
- EIN
- 23-7238557
Organization Overview
Naval Enlisted Reserve Association is located in Falls Church, VA. The organization was established in 1991. 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. As of 08/2023, Naval Enlisted Reserve Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naval Enlisted Reserve Association is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 08/2023, Naval Enlisted Reserve Association generated $59.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $149.8k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INFORMATION AND SUPPORT SERVICES TO US NAVAL, US MARINE CORPS AND US COAST GUARD RESERVISTS, VETERANS, CADETS, AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3
PUBLICATION: PUBLICATION OF A QUARTERLY MAGAZINE "THE MARINER" WHICH IS PROVIDED ONLINE AND/OR MAILED TO EACH OF THE ASSOCIATION'S MEMBERS. THE PUBLICATION REPORTS ON NATIONAL EVENTS AND TRENDS THAT AFFECT SEA SERVICE RESERVISTS AND THEIR FAMILIES.
PROFESSIONAL DEVELOPMENT: PROVIDE CAREER COUNSELING, MENTORING, AND ASSISTANCE WITH RESERVIST BENEFIT ISSUES. SERVICE IS PROVIDED THROUGH PROFESSIONAL DEVELOPMENT SESSIONS AT REGIONAL AND NATIONAL CONFERENCES, THROUGH ONLINE DISCUSSIONS AND DATABASES, AND BY COOPERATIVE EFFORTS WITH OTHER RESERVIST ORGANIZATIONS.
ANNUAL COLLEGE SCHOLARSHIP PROGRAM: TO PROMOTE SERVICE IN THE US RESERVES. SCHOLARSHIPS ARE AWARDED TO MEMBERS AND THEIR FAMILY BASED UPON AN APPLICATION AND ESSAY. IN THE CURRENT FISCAL YEAR, $12,000 WAS PAID TO 6 SCHOLARSHIP RECIPIENTS.
ANNUAL NATIONAL CONFERENCE: NERA SPONSORED EVENT TO EDUCATE MEMBERS THROUGH SPEAKERS, ON RIGHTS AND BENEFITS FOR NAVAL RESERVISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen R Sandy Executive Director | 10 | $0 | |
Yvette Purtill Deputy Executive Director | 10 | $0 | |
Joanne Elliott President | 10 | $0 | |
Michael P Hughes Vice President (end Oct 2022) | 1 | $0 | |
Curtis Deyoung Vice President | 2 | $0 | |
Dennis Hunt Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,539 |
| Total Program Service Revenue | $3,405 |
| Membership dues | $12,822 |
| Investment income | $171 |
| Gain or Loss | $5,664 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $317 |
| Total Revenue | $59,918 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $74,868 |
| Professional fees and other payments to independent contractors | $6,551 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $35,632 |
| Other expenses | $21,225 |
| Total expenses | $149,776 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,301 |
| Other assets | $0 |
| Total assets | $282,590 |
| Total liabilities | $444 |
| Net assets or fund balances | $282,146 |