Virginia Retired Teachers Association
- Assets
- $152.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fincastle, VA
- Founding
- 03/2010
- Data as of
- 06/2021
- EIN
- 54-1005876
Organization Overview
Virginia Retired Teachers Association is located in Fincastle, VA. The organization was established in 2010. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Virginia Retired Teachers Association 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 06/2021, Virginia Retired Teachers Association generated $26.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $24.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 6 years. 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
PULICATION OF NEWSLETTER TO INFORM MEMBERS OF STATE NEWS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn C Pair Sr President | 1 | $0 | |
Reba Evans Secretary | 1 | $0 | |
Benjamin Mccartney Immediate Past President | 1 | $0 | |
Jean Marrow President-Elect | 1 | $0 | |
Karen Whetzel Vice President | 1 | $0 | |
Weldon Martin Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $24,360 |
| Investment income | $724 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,584 |
| 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 | $1,050 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $12,563 |
| Other expenses | $11,166 |
| Total expenses | $24,779 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152,649 |
| Other assets | $0 |
| Total assets | $152,649 |
| Total liabilities | $0 |
| Net assets or fund balances | $152,649 |