Debutante Ball Society
- Assets
- $65.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 09/1974
- Data as of
- 02/2023
- EIN
- 23-7371263
Organization Overview
Debutante Ball Society is located in Durham, NC. The organization was established in 1974. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Debutante Ball Society is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2023, Debutante Ball Society generated $73.8k 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 (4.3%) each year. All expenses for the organization totaled $120.2k during the year ending 02/2023. 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 Program Activity:
Part 3
THE SOCIETY PROMOTES, SPONSORS AND CONDUCTS AN ANNUAL DEBUTANTE BALL FOR GIRLS FROM ORANGE AND DURHAM COUNTIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Hallyburton Ball Chair | 15 | $0 | |
Mary Dondero Ball Chair Elect | 10 | $0 | |
Carey Baddour Treasurer | 1 | $0 | |
Stacey Smith Asst Treasurer | 0.5 | $0 | |
Caroline Carrington Recording Secretary | 0.5 | $0 | |
Paige Zinn Corresponding Secr | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,347 |
| Total Program Service Revenue | $37,396 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,757 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $10,441 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,373 |
| Occupancy, rent, utilities, and maintenance | $37,269 |
| Printing, publications, postage, and shipping | $4,224 |
| Other expenses | $65,877 |
| Total expenses | $120,184 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,454 |
| Other assets | $0 |
| Total assets | $65,372 |
| Total liabilities | $0 |
| Net assets or fund balances | $65,372 |