Friends Of The Valdese Rec
- Assets
- $130.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Valdese, NC
- Founding
- 12/2016
- Data as of
- 03/2022
- EIN
- 47-3614341
Organization Overview
Friends Of The Valdese Rec is located in Valdese, NC. The organization was established in 2016. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Friends Of The Valdese Rec 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 03/2022, Friends Of The Valdese Rec generated $127.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.2% each year . All expenses for the organization totaled $95.5k during the year ending 03/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
OUR MAJOR FOCUS HAS BEEN FUNDRAISING FOR VALDESE LAKESIDE PARK FOR THE CONSTRUCTION OF PHASE 1 AMENITIES AND A BRIDGE ACROSS MCGALLIARD FALLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Quez Little Treasurer | 1 | $0 | |
Beth Heile President | 10 | $0 | |
Kevin Farris Members At Large | 1 | $0 | |
Spence Borden Vice President | 1 | $0 | |
Roy Sweezy Alternate | 1 | $0 | |
Don Brittain Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,393 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,565 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,647 |
| Total Revenue | $127,605 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $95,453 |
| Total expenses | $95,453 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $130,343 |
| Other assets | $0 |
| Total assets | $130,343 |
| Total liabilities | $0 |
| Net assets or fund balances | $130,343 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Of The Valdese Rec has recieved totaling $4,120.
| Awarding Organization | Amount |
|---|---|
Rostan Family Foundation Valdese, NC PURPOSE: PHILANTHROPIC | $2,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $120 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Carolina Charities Inc Greenville, SC | $911,157 | $3,405,093 |
American Junior Golf Foundation Inc Braselton, GA | $19,641,772 | $5,413,953 |
Uncw Student Aid Association Inc Wilmington, NC | $3,125,370 | $1,638,038 |
First Tee Of Atlanta Inc Atlanta, GA | $2,807,006 | $1,612,147 |
Atlanta Classic Foundation Inc Duluth, GA | $0 | $0 |
Tenngreen Land Conservancy Nashville, TN | $19,971,388 | $11,678,938 |
Capitol Sea Devils Swimm Team Sterling, VA | $741,563 | $1,098,234 |
Mount Pleasant Swim Club Parentsassociation Mount Pleasant, SC | $238,923 | $946,019 |
Titan Club Inc Bogart, GA | $239,502 | $787,104 |
Patriot Foundation Pinehurst, NC | $1,492,250 | $862,205 |
Atlanta Memorial Park Conservancy Inc Atlanta, GA | $447,516 | $641,677 |
Uwg Athletic Foundation Inc Carrollton, GA | $1,342,635 | $930,738 |