Third Class Finance Committee
- Assets
- $66.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, VA
- Founding
- 07/1996
- Data as of
- 06/2022
- 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 06/2022, Third Class Finance Committee generated $44.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $77.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 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
2022
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 | |
Dylan Stoltzfus President - Class Of 2021 | 0 | $0 | |
Noah Kirk President - Class Of 2022 | 0 | $0 | |
Cameron Cavanaugh President - Class Of 2023 | 0 | $0 | |
Cole Cathcart President - Class Of 2024 | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $53,480 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,689 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $4,170 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $73,700 |
| Total expenses | $77,870 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,415 |
| Other assets | $0 |
| Total assets | $66,415 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,415 |