Romulus Education Association
- Assets
- $22.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Romulus, MI
- Founding
- 11/1976
- Data as of
- 08/2023
- EIN
- 38-2119460
Organization Overview
Romulus Education Association is located in Romulus, MI. The organization was established in 1976. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, 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. Romulus Education Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Romulus Education Association generated $17.9k 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 (6.1%) each year. All expenses for the organization totaled $23.8k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) 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 Program Activity:
Part 3
COLLECTION OF MEMBERSHIP DUES AND NEGOTIATING CONTRACTSAND ACTIVITES WITH LOCAL SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Carter President | 10 | $8,000 | |
Jessie Rais Vice President | 5 | $2,500 | |
Michael Hansen Secretary/treasurer | 10 | $8,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $17,600 |
| Investment income | $261 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,861 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,690 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,345 |
| Total expenses | $23,835 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,363 |
| Other assets | $0 |
| Total assets | $22,363 |
| Total liabilities | $0 |
| Net assets or fund balances | $22,363 |