Adams Charitable & Recreational Assoc
- Assets
- $17.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairmont, WV
- Founding
- 10/1944
- Data as of
- 03/2024
- EIN
- 55-0110430
Organization Overview
Adams Charitable & Recreational Assoc is located in Fairmont, WV. The organization was established in 1944. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adams Charitable & Recreational Assoc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2024, Adams Charitable & Recreational Assoc generated $32.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $29.8k during the year ending 03/2024. While expenses have increased by 11.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Program Activity:
Part 3
PROVIDE FELLOWSHIP FOR RETIREES AND CURRENT MEMBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Romino President | 20 | $0 | |
Margaret Krueger Treasurer | 5 | $0 | |
Judith Bock Secretary | 5 | $0 | |
Cathy Demasi Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,822 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,245 |
| Other Revenue | $0 |
| Total Revenue | $32,067 |
| 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 | $650 |
| Occupancy, rent, utilities, and maintenance | $700 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,433 |
| Total expenses | $29,783 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,874 |
| Other assets | $0 |
| Total assets | $17,599 |
| Total liabilities | $318 |
| Net assets or fund balances | $17,281 |