Port Jervis Soap Box Derby Inc is located in Glen Spey, NY. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Port Jervis Soap Box Derby 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 08/2023, Port Jervis Soap Box Derby Inc generated $30.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $27.7k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 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
PROVIDES SCHOLARSHIPS TO LOCAL HIGH SCHOL GRADUATES.PROVIDE OPPORTUNITIES FOR LOCAL COMMUNITIES TO PARTICIPATE IN RACING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Wayne Addy Vice President | 3 | $0 | |
Tanja Mckerrell Treasurer | 5 | $0 | |
Tonya Addy Secretary | 2 | $0 | |
William Mckerrell President | 5 | $0 | |
Ken Scott Director | 2 | $0 | |
Christine Addy Director | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $14,760 |
Total Program Service Revenue | $7,518 |
Membership dues | $0 |
Investment income | $1,791 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $30,507 |
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 | $500 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $6,578 |
Other expenses | $18,087 |
Total expenses | $27,665 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $70,382 |
Other assets | $0 |
Total assets | $71,343 |
Total liabilities | $0 |
Net assets or fund balances | $71,343 |