Third Class Finance Committee
- Assets
- $99.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, VA
- Founding
- 07/1996
- Data as of
- 06/2021
- EIN
- 54-1748166
Organization Overview
Third Class Finance Committee is located in Lexington, VA. The organization was established in 1996. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third Class Finance Committee is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Third Class Finance Committee generated $83.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $21.3k during the year ending 06/2021. 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
EACH CLASS AT THE VIRGINIA MILITARY INSTITUTE HOSTS A RING FIGURE WEEKEND DURING THEIR JUNIOR YEAR. FUNDS ARE OBTAINED BY CLASS DUES AND THE SALES OF T-SHIRTS, DVDS, BATHROBES, ORNAMENTS, AND LOCKBOXES TO MEMBERS OF THE CORPS OF CADETS AT VMI AND THEIR FAMILIES. ROYALTIES ARE RECEIVED FROM THE MANUFACTURER OF THE VMI CLASS RINGS PURCHASED BY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Moore Asst. Commandant Cadet Gov | 0 | $0 | |
Noah Kirk President - Class Of 2022 | 0 | $0 | |
Dylan Stoltzfus President - Class Of 2021 | 0 | $0 | |
Cameron Cavanaugh President - Class Of 2023 | 0 | $0 | |
Samuel Trepp President - Class Of 2020 | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,346 |
| Total Program Service Revenue | $0 |
| Membership dues | $38,886 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,508 |
| 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 | $730 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,588 |
| Total expenses | $21,339 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $99,596 |
| Other assets | $0 |
| Total assets | $99,596 |
| Total liabilities | $0 |
| Net assets or fund balances | $99,596 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Licensing & Ventures Group Charlottesville, VA | $21,114,215 | $9,580,641 |
Phoenix Academy Inc High Point, NC | $3,025,069 | $10,364,069 |
Elizabeth City State University Foundation Elizabeth City, NC | $21,052,714 | $2,780,872 |
Johns Hopkins University Retiree Medical Benefits Tr Baltimore, MD | $393,460,709 | $90,822,229 |
Duke Ellington School Of The Arts Project Washington, DC | $6,618,395 | $8,383,151 |
Laborers-Employers Cooperation And Education Trust Washington, DC | $20,406,637 | $8,972,632 |
Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
University Of Maryland Medical System Foundation Inc Baltimore, MD | $91,803,907 | $14,920,300 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Marshall-Wythe School Of Law Foundation Williamsburg, VA | $56,391,482 | $7,245,738 |
Horatio Alger Endowment Fund Alexandria, VA | $322,951,010 | $58,271,352 |
Old Dominion Athletic Foundation Norfolk, VA | $75,318,666 | $6,634,127 |