Cherry Point Spouse Club
- Assets
- $70.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Havelock, NC
- Founding
- 12/1976
- Data as of
- 05/2023
- EIN
- 56-1782114
Organization Overview
Cherry Point Spouse Club is located in Havelock, NC. The organization was established in 1976. According to its NTEE Classification (I60) the organization is classified as: Law Enforcement, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherry Point Spouse Club is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 05/2023, Cherry Point Spouse Club generated $110.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $82.9k during the year ending 05/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
OFFICERS SPOUSES CLUB OF CHERRY POINT RAISES CHARITABLE FUNDS TO PROVIDE GRANTS TO ORGANIZATIONS THAT BENEFIT YOUTH AND MILITARY FAMILIES IN THE COMMUNITY. WIDE VARIETY OF ORGANIZATIONS INCLUDE SCHOOLS, SELECTED GOVERNMENT PROGRAMS, SPORT PROGRAMS, SCOUTING PROGRAMS, BAND PROGRAMS, AND CULTURAL PROGRAMS. GRANTS ARE NOT GIVEN FOR OPERATIONAL FUNDS OR FUND RAISING, BUT FOR NEW, EXPENDING OR EXCEPTIONAL PROGRAMS THAT WILL BENEFIT MILITARY MEMEBERS AND FAMILIES LIVING IN THE COMMUNITY. SCHOLARSHIPS ARE GRANTED IN 1000 TO 5000 AMOUNTS TO STUDENTS WHO ARE MILITARY DEPENDENTS AND WILL BE ATTENDING ACCREDITED COLLEGES AND UNIVERSITIES. OVER THE YEARS OVER 30,000 HAS BEEN GIVEN EACH YEAR TO THE MILITARY DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Cesaro President | 20 | $0 | |
Kevi Sechrest Vice President | 20 | $0 | |
Sally Herman Treasurer | 20 | $0 | |
Leah Mick Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $65 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $110,559 |
| Other Revenue | $0 |
| Total Revenue | $110,624 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,760 |
| Salaries, other compensation, and employee benefits | $19,745 |
| Professional fees and other payments to independent contractors | $1,845 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,463 |
| Other expenses | $13,625 |
| Total expenses | $82,939 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $70,615 |
| Other assets | $0 |
| Total assets | $70,615 |
| Total liabilities | $500 |
| Net assets or fund balances | $70,115 |