Palma Promotions Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mineral, VA
- Founding
- 07/1995
- Data as of
- 02/2021
- EIN
- 54-1697206
Organization Overview
Palma Promotions Inc is located in Mineral, VA. The organization was established in 1995. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. Palma Promotions Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2021, Palma Promotions Inc generated $14.1k 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 (24.1%) each year. All expenses for the organization totaled $13.5k during the year ending 02/2021. As we would expect to see with falling revenues, expenses have declined by (30.7%) 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
DONATIONS TO PROVIDE EXPENSES SO THAT THE NON-PROFESSIONALMEMBERS OF THE PALMA RIFLE TEAMS CAN COMPETEINTERNATIONALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David E Fiehtner Director | 10 | $0 | |
Leslie Cook Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,475 |
| Total Program Service Revenue | $673 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,148 |
| 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 | $758 |
| Occupancy, rent, utilities, and maintenance | $1,903 |
| Printing, publications, postage, and shipping | $3,832 |
| Other expenses | $0 |
| Total expenses | $13,491 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Palma Promotions Inc has recieved totaling $1,045.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Washington Partnership Washington, DC | $9,447,960 | $10,396,673 |
Coast Guard Blue Dolphins Swim Club Yorktown, VA | $59,986 | $1,421,830 |
Whaler Nation Inc Chesapeake, VA | $468,975 | $1,126,759 |
Positive Youth Network Inc Ashburn, VA | $333,542 | $382,297 |
Arlington Sports Inc Washington, DC | $11,404 | $0 |
Charlotte Curling Association Charlotte, NC | $1,906,107 | $122,876 |
Usa Track & Field Inc Garner, NC | $319,724 | $0 |
Chattanooga Takedown Club Chattanooga, TN | $4,060 | $63,571 |
West Kentucky Archery Association Inc Madisonville, KY | $37,486 | $0 |
Palma Promotions Inc Mineral, VA | $0 | $0 |
Corporation Is Crowder Dancesport Nonprofit Corporation Eden, NC | $9,828 | $0 |
High Performance Equestrian Foundation Middleburg, VA | $15,048 | $0 |