Matthews Glen Residents Association
- Assets
- $43.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Matthews, NC
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 56-1680357
Organization Overview
Matthews Glen Residents Association is located in Matthews, NC. The organization was established in 2003. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthews Glen 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 12/2023, Matthews Glen Residents Association generated $157.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $150.7k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Ware President | 10.2 | $0 | |
Janicze Sellars Secretary | 6 | $0 | |
George Stratis Treasurer | 7.1 | $0 | |
Shirley White President El | 1.7 | $0 | |
Luther Bibgy At-Large | 2.2 | $0 | |
William Kroll Assistant Tr | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $149,606 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,908 |
| Total Revenue | $157,527 |
| 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 | $1,485 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $149,212 |
| Total expenses | $150,697 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,888 |
| Other assets | $0 |
| Total assets | $43,888 |
| Total liabilities | $0 |
| Net assets or fund balances | $43,888 |