Marching Elites Association
- Assets
- $3.1m
- Revenue
- $287.6k
- Investments
- $0.0
- Employees
- 18
- Location
- Hampton, VA
- Founding
- 11/1995
- Data as of
- 12/2020
- EIN
- 54-1739612
Organization Overview
Marching Elites Association is located in Hampton, VA. The organization was established in 1995. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 12/2020, Marching Elites Association employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marching Elites Association 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 12/2020, Marching Elites Association generated $287.6k 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 (20.6%) each year. All expenses for the organization totaled $386.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A POSITIVE ALTERNATIVE AND GUIDANCE TO YOUTH THROUGH PARA- MILITARY DRILL TEAM.
Describe the Organization's Program Activity:
PARA-MILITARY DRILL TEAM TRAINING FOR COMMUNITY YOUTH THROUGH MOOT AND VISTA PROGRAMS, SUMMER CAMPS, AND NATIONWIDE PERFORMANCES OF TRAINING STYLE.
PROVIDING CHILDCARE SERVICES FOR THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Cooper CEO | Officer | 40 | $64,759 |
Olivia Mondok Pearson Secretary/tr | Officer | 0 | $0 |
Felicia Goins-Cooper President | Officer | 20 | $0 |
Leon Sedgwick Director | Trustee | 20 | $0 |
Dr Donna Rice Director | Trustee | 0 | $0 |
Harmony Mason Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,532 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,432 |
| Total Program Service Revenue | $47,863 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$118,651 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $328 |
| Net Income from Gaming Activities | $209,511 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $287,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,331 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,332 |
| Payroll taxes | $4,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,883 |
| Advertising and promotion | $340 |
| Office expenses | $4,555 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,674 |
| Travel | $13,964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,539 |
| Insurance | $28,549 |
| All other expenses | $27,337 |
| Total functional expenses | $386,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,155 |
| Savings and temporary cash investments | $381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $17,061 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,401 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,000,422 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,838 |
| Other assets | $32,625 |
| Total assets | $3,123,883 |
| Accounts payable and accrued expenses | $2,609 |
| 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 | $35,500 |
| Secured mortgages and notes payable | $2,477,175 |
| Unsecured mortgages and notes payable | $23,556 |
| Other liabilities | $42,179 |
| Total liabilities | $2,581,019 |
| Net assets without donor restrictions | $521,532 |
| Net assets with donor restrictions | $21,332 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,123,883 |
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