Idamay Improvement Association
- Assets
- $122.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Idamay, WV
- Founding
- 04/1955
- Data as of
- 03/2022
- EIN
- 55-6023576
Organization Overview
Idamay Improvement Association is located in Idamay, WV. The organization was established in 1955. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idamay Improvement Association is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 03/2022, Idamay Improvement Association generated $53.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $59.0k during the year ending 03/2022. While expenses have increased by 4.3% per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
THE TOWN NOW HAS A SAFE ENVIRONMENT FOR THEIR CHILDREN AND ADULTS BY PROVIDING THE STREET LIGHTS, FIRE HYDRANTS, AND PLAYGROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gino Moscufo Assistant Secretary | 0 | $0 | |
Lonnie Chrislip President | 0 | $0 | |
Chris Tomana Secretary | 0 | $0 | |
Clinton Ashley Assistant Treasurer | 0 | $0 | |
Charlie Ross Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,442 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15,000 |
| Total Revenue | $53,445 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,000 |
| Professional fees and other payments to independent contractors | $166 |
| Occupancy, rent, utilities, and maintenance | $38,264 |
| Printing, publications, postage, and shipping | $365 |
| Other expenses | $17,176 |
| Total expenses | $58,971 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,702 |
| Other assets | $0 |
| Total assets | $122,290 |
| Total liabilities | $0 |
| Net assets or fund balances | $122,290 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Idamay Improvement Association has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
George W Bowers Fam Charitable Tr Wheeling, WV PURPOSE: REPSIR IDAMAY SCHOOL | $15,000 |
George W Bowers Fam Charitable Tr Wheeling, WV PURPOSE: REPSIR IDAMAY SCHOOL | $15,000 |
George W Bowers Fam Charitable Tr Wheeling, WV PURPOSE: REPSIR IDAMAY SCHOOL | $15,000 |
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