Terrace Club
- Assets
- $197.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Winchester, VA
- Founding
- 06/1968
- Data as of
- 12/2023
- EIN
- 54-0787906
Organization Overview
Terrace Club is located in Winchester, VA. The organization was established in 1968. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Terrace Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terrace Club 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, Terrace Club generated $131.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $117.8k during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS
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 |
|---|---|---|---|
Charles S Clark President | 0 | $0 | |
Bill Stinson Vice-President | 0 | $0 | |
Randy A Montoney Treasurer | 0 | $0 | |
Susan Montoney Member At Large | 0 | $0 | |
Mike Bennett Member At Large | 0 | $0 | |
Frank Haines Member At Large | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $4,500 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $72,524 |
| Other Revenue | $0 |
| Total Revenue | $131,623 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,176 |
| Professional fees and other payments to independent contractors | $3,245 |
| Occupancy, rent, utilities, and maintenance | $50,245 |
| Printing, publications, postage, and shipping | $156 |
| Other expenses | $7,478 |
| Total expenses | $117,758 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $194,864 |
| Other assets | $0 |
| Total assets | $197,667 |
| Total liabilities | $2,447 |
| Net assets or fund balances | $195,220 |