Chief Warrant & Warrant Officers Association U S Coast Guard
- Assets
- $1.4m
- Revenue
- $304.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Cape May, NJ
- Founding
- 08/2010
- Data as of
- 06/2022
- EIN
- 52-6042437
Organization Overview
Chief Warrant & Warrant Officers Association U S Coast Guard is located in Cape May, NJ. The organization was established in 2010. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Chief Warrant & Warrant Officers Association U S Coast Guard is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 06/2022, Chief Warrant & Warrant Officers Association U S Coast Guard generated $304.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $231.1k during the year ending 06/2022. While expenses have increased by 1.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE THE PROFESSIONAL ABILITY OF MEMBERS, PROMOTE THE UNITY AND MORALE OF MEMBERS, PROVIDE SCHOLARSHIPS TO CHILDREN OF MEMBERS, PROVIDE FINANCIAL SUPPORT TO SURVIVORS OF MEMBERS, PROVIDE SCHOLARSHIPS TO CHILDREN OF ENLISTED COAST GUARD MEMBER, ENSURE THAT MEMBERS HAVE INFORMATION CONCERNING THEIR BENEFITS AND TO ADVOCATE FOR THEIR BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FOUR ISSUES OF THE ASSOCIATION MAGAZINE TO MEMBERS, PROVIDING THEM WITH INFORMATION CONCERNING FELLOW MEMBERS, CHAPTERS, AND THEIR BENEFITS PROVIDED BY THE GOVERNMENT.
PROVIDED DEATH BENEFITS TO DESIGNATED BENEFICIARIES UPON THE DEATH OF AN ASSOCIATION MEMBERS.
PROVIDE 2 INDIVIDUAL GRANTS TO THE CHILDREN OF ENLISTED COAST GUARD MEMBERS IN THE AMOUNT OF $4,000 EACH FOR POST SECONDARY EDUCATION. $1,000 WAS PAID TO THE RECIPIENT, WITH THE ADDITIONAL $3,000 PAYABLE IN ANNUAL INSTALLMENTS OF $1,000 AS LONG AS THEY REMAINED ENROLLED AS FULL TIME STUDENTS. PROVIDE 4 GRANTS TO THE CHILDREN OF CWOA MEMBERS IN THE AMOUNT OF $750 EACH FOR POST SECONDARY EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Little Executive Dir. | Trustee | 40 | $69,694 |
Christian M Westerdahl President | OfficerTrustee | 4 | $0 |
Adam Cain Vice President | OfficerTrustee | 8 | $0 |
Jake Elks Vice President | OfficerTrustee | 1 | $0 |
Nik Schultz Secretary | OfficerTrustee | 3 | $0 |
Justus Marks Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $157,429 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,891 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,320 |
| Total Program Service Revenue | $6,173 |
| Investment income | $102,119 |
| 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 | -$1,375 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $10,000 |
| Compensation of current officers, directors, key employees. | $69,694 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,250 |
| Fees for services: Accounting | $45 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,141 |
| Office expenses | $6,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,263 |
| Travel | $8,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,010 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $325 |
| Insurance | $4,919 |
| All other expenses | $0 |
| Total functional expenses | $231,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,152 |
| Savings and temporary cash investments | $8,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,450 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,894 |
| Investments—publicly traded securities | $416,893 |
| Investments—other securities | $0 |
| Investments—program-related | $902,166 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,404,582 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,404,582 |
| Total liabilities and net assets/fund balances | $1,404,582 |