Service League Of Hickory N C Inc
- Assets
- $942.5k
- Revenue
- $108.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hickory, NC
- Founding
- 03/1956
- Data as of
- 05/2022
- EIN
- 56-6022718
Organization Overview
Service League Of Hickory N C Inc is located in Hickory, NC. The organization was established in 1956. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, 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. Service League Of Hickory N C Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Service League Of Hickory N C Inc generated $108.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $78.3k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Service League Of Hickory N C Inc has awarded 21 individual grants totaling $118,740. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY IMPROVEMENTS THROUGH DIRECT FINANCIAL SUPPORT OF 501(C)3 CHARITIES THAT PROVIDE DIRECT SUPPORT TO THE CITIZENS OF THE CATAWBA COUNTY AREA. ADDITIONALLY, THE ORGANIZATION PROVIDES FINANCIAL SCHOLARSHIPS FOR HIGHER EDUCATION TO THE FINANCIALLY DISADVANTAGED RESIDENTS OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO OTHER NON-PROFIT ORGANIZATIONS & SCHOLARSHIPS FOR AREA STUDENTS TO ATTEND COLLEGE OF THEIR CHOICE.
EXPENSES RELATED TO BUILDING USED BY ORGANIZATION FOR ITS EXEMPT PURPOSE.
EXPENSES ASSOCIATED WITH OVERHEAD IN ADMINISTATION OF SCHOLARSHIPS AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathi Bell Co President | OfficerTrustee | 2 | $0 |
Char Sweeney Co Vice-President | OfficerTrustee | 2 | $0 |
Lynn Loehr Treasurer | OfficerTrustee | 2 | $0 |
Tina Terrell Co President | OfficerTrustee | 2 | $0 |
Nancy Bledsoe Co Vice-President | OfficerTrustee | 2 | $0 |
Margaret Langford Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,778 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,178 |
| Total Program Service Revenue | $0 |
| Investment income | $40,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,863 |
| Net Income from Fundraising Events | $23,460 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,500 |
| Grants and other assistance to domestic individuals. | $27,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,867 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $2,451 |
| Information technology | $833 |
| Royalties | $0 |
| Occupancy | $3,835 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,097 |
| All other expenses | $0 |
| Total functional expenses | $78,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,849 |
| Savings and temporary cash investments | $70,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $848,309 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $942,523 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $6,100 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,100 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $936,423 |
| Total liabilities and net assets/fund balances | $942,523 |
Grants Awarded
Over the last fiscal year, Service League Of Hickory N C Inc has awarded $10,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Hickory, NC PURPOSE: TO ASSIST WITH BUILDING FUTURES THROUGH MUSIC BY TEACHING, PERFORMANCE, AND COMMUNITY OUTREACH | $3,500 |
Hickory, NC PURPOSE: SUBSIDIZE EXPENSES INCURRED BY THE WOMENS RESOURCE CENTER | $2,500 |
Conover, NC PURPOSE: TO ASSIST WITH ADVOCATE FOR THE PROTECTION OF THE CHILDREN OF CATAWBA COUNTY BY WORKING TO: EMPOWER INDIVIDUALS THROUGH TRAINING AND EDUCATION, COORDINATE A COMPREHENSIVE TEAM RESPONSE TO ABUSE AND NEGLECT, AND REDUCE VICTIM TRAUMA. | $1,500 |
Hickory, NC PURPOSE: TO ASSIST WITH COMMUNITY-WIDE HUNGER RELIEF EFFORT OF RESIDENTS LIVING IN SEVERAL NEIGHBORHOODS SCATTERED THROUGHOUT HICKORY | $1,000 |
CATAWBA COUNTY PUBLIC SCHOOLS PURPOSE: BACKPACKER PROGRAM- SUPPLIES & SCHOOL RESOURCES | $1,000 |
Hickory, NC PURPOSE: TO ASSIST WITH RAILROAD PRESERVATION AND TOURS | $500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Service League Of Hickory N C Inc has recieved totaling $4,030.
| Awarding Organization | Amount |
|---|---|
Underdown Family Foundation Inc Hickory, NC PURPOSE: GENERAL PURPOSE | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Endowment Analysis
| Beg. Balance | $976,178 |
| Earnings | -$90,752 |
| Admin Expense | $9,867 |
| Grants | $27,250 |
| Ending Balance | $848,309 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Randolph Community Service Inc Randleman, NC | $1,820,869 | $8,445,154 |
Virginia Regional Transit Purcellville, VA | $16,382,383 | $8,231,477 |
Jaars Inc Waxhaw, NC | $12,433,340 | $6,450,483 |
Lynchburg South Lodge No 1727 Loyal Order Of The Moose Lynchburg, VA | $3,317,172 | $6,195,077 |
Pee Dee Coalition Against Domestic And Sexual Assault Florence, SC | $7,943,993 | $6,463,793 |
Solutions That Empower People Inc Rocky Mount, VA | $2,704,443 | $4,763,662 |
Rooftop Of Virginia Cap Galax, VA | $1,411,246 | $4,260,955 |
Heart Of Ga Community Action Council Inc Warner Robins, GA | $1,148,335 | $3,700,784 |
Community Assistance Center Inc Atlanta, GA | $5,646,342 | $4,660,397 |
Mt Olive Community Outreach Center Inc Albany, GA | $5,405,895 | $2,935,637 |
Verona Lodge No 2172 Loyal Order Of Moose Verona, VA | $1,329,295 | $2,797,840 |
Ruritan National Corp Gate City, VA | $138,336 | $2,816,142 |