Severn Improvement Association Inc
- Assets
- $431.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Severn, MD
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 52-6053371
Organization Overview
Severn Improvement Association Inc is located in Severn, MD. The organization was established in 2003. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Severn Improvement Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Severn Improvement Association Inc generated $54.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $22.6k during the year ending 12/2021. While expenses have increased by 1.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HELPS THE COMMUNITY WITH MULTIPLE DONATIONS TO THE LOCAL CHARITIES PROVIDING AND MAINTAINING A FACILITY FOR THE CHILDREN OF THE COMMUNITY TO BE CARED FOR AND IMPROVING THE COMMUNITIES OVERALL LIVING ENVIRONMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Kess Vice President | 10 | $0 | |
Tracey Wiiliams Simms Presdent | 10 | $0 | |
Jessica Snipes Secretary | 10 | $0 | |
Romel Williams Director At Large | 5 | $0 | |
Rodney Jones Director At Large | 5 | $0 | |
Melvin Kelly Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $722 |
| Investment income | $36,748 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $17,042 |
| Total Revenue | $54,512 |
| 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 | $175 |
| Occupancy, rent, utilities, and maintenance | $16,143 |
| Printing, publications, postage, and shipping | $209 |
| Other expenses | $6,080 |
| Total expenses | $22,607 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $431,645 |
| Other assets | $0 |
| Total assets | $431,645 |
| Total liabilities | $0 |
| Net assets or fund balances | $431,645 |
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