Olde Severna Park Improvement Association Inc

Organization Overview

Olde Severna Park Improvement Association Inc is located in Severna Park, MD. The organization was established in 1975. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Olde Severna Park Improvement Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olde Severna Park Improvement Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 12/2023, Olde Severna Park Improvement Association Inc generated $180.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $185.3k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION IS A COMMUNITY ASSOCIATION THAT HAS BEEN IN EXISTENCE SINCE 1918. IT EXISTS TO COLLECT DUES AND FEES TO MAINTAIN THE COMMON AREAS IN THE COMMUNITY OF OLDE SEVERNA PARK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY ASSOCIATION THAT PROVIDES, COMMUNITY MAINTENANCE, ACTIVITIES, BEACH FACILITIES, AND BOAT DOCKING FOR COMMUNITY MEMBERS.


COMMUNITY ASSOCIATION THAT PROVIDES, COMMUNITY MAINTENANCE, ACTIVITIES, BEACH FACILITIES, AND BOAT DOCKING FOR COMMUNITY MEMBERS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$93,381
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$465
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$93,846
Total Program Service Revenue$86,410
Investment income $4
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $180,260

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