Fairview Beach Residents Association
- Assets
- $287.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- King George, VA
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 54-1823329
Organization Overview
Fairview Beach Residents Association is located in King George, VA. The organization was established in 2000. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairview Beach Residents Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Fairview Beach Residents Association generated $45.2k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $4.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (46.0%) per year over the past 3 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
OUR ORGANIZATION IS A RESIDENTS ASSOCIATION. WE DO NOT HAVE PROGRAM SERVICE ACCOMPLISHMENTS, WE RAISE MONEY THROUGH FUNDRAISERS TO MAINTAIN OUR RIVER BANKS FROM EROSION AND TO KEEP THE COMMON AREAS OF OUR COMMUNITY SAFE AND MAINTAINED FOR ALL RESIDENTS ENJOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tommie Klise President | 5 | $0 | |
Salli Hartman Vice President | 1 | $0 | |
Shirley Buckley Secretary | 4 | $0 | |
Sheila Garrick Treasurer | 5 | $0 | |
Mike Bennett Board Member | 3 | $0 | |
Gary Mccollum Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,023 |
| Total Program Service Revenue | $0 |
| Membership dues | $14,898 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $26,269 |
| Other Revenue | $0 |
| Total Revenue | $45,206 |
| 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 | $3,433 |
| Printing, publications, postage, and shipping | $1,120 |
| Other expenses | $0 |
| Total expenses | $4,553 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $287,845 |
| Other assets | $0 |
| Total assets | $287,845 |
| Total liabilities | $0 |
| Net assets or fund balances | $287,845 |