Womans Club Of Raleigh Inc
- Assets
- $1.5m
- Revenue
- $132.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 11/1959
- Data as of
- 05/2022
- EIN
- 56-6061486
Organization Overview
Womans Club Of Raleigh Inc is located in Raleigh, NC. The organization was established in 1959. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womans Club Of Raleigh 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, Womans Club Of Raleigh Inc generated $132.1k 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 (6.6%) each year. All expenses for the organization totaled $205.5k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AND SUPPORT OUR COMMUNITY IN ARTS AND CULTURE, CIVIC ENGAGEMENT AND OUTREACH, EDUCATION AND LIBRARIES, ENVIRONMENT, AND HEALTH AND WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE - CLUB MEMBERS ADDRESS THE EMERGING NEEDS OF THE CITY, COUNTY, AND STATE AND RESPOND QUICKLY TO CALLS FOR HELP.
COMMUNITY GRANTS - PROVIDES DIRECT FINANCIAL CONTRIBUTIONS TO ORGANIZATIONS IN THE RALEIGH COMMUNITY FOR SPECIFIC PROJECTS AND INCENTIVES.
SCHOLARSHIPS - THE CLUB OFFERS A VARIETY OF SCHOLARSHIPS TO DESERVING STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Boulter Membership R | OfficerTrustee | 15 | $0 |
Pat Davis Recording Se | OfficerTrustee | 25 | $0 |
Kathy Godfrey Mem Recr VP | OfficerTrustee | 25 | $0 |
Nancy Hartge Treasurer | OfficerTrustee | 20 | $0 |
Penny Lauricella President | OfficerTrustee | 40 | $0 |
Sheila Ostling Admin Secret | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,369 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,369 |
| Total Program Service Revenue | $40,283 |
| Investment income | $11,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,844 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,622 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,131 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,500 |
| Grants and other assistance to domestic individuals. | $8,500 |
| 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 | $14,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,764 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,693 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,310 |
| Insurance | $11,000 |
| All other expenses | -$5,699 |
| Total functional expenses | $205,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,304 |
| Savings and temporary cash investments | $18,132 |
| 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 | $7,000 |
| Net Land, buildings, and equipment | $512,149 |
| Investments—publicly traded securities | $845,536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $1,472,621 |
| Accounts payable and accrued expenses | $2,492 |
| Grants payable | $0 |
| Deferred revenue | $15,540 |
| 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 | $18,032 |
| Net assets without donor restrictions | $445,532 |
| Net assets with donor restrictions | $1,009,057 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,472,621 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Womans Club Of Raleigh Inc has recieved totaling $242.
| Awarding Organization | Amount |
|---|---|
Baird Foundation Inc Milwaukee, WI PURPOSE: HEALTH AND HUMAN SERVICES | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Roth Family Foundation Cary, NC PURPOSE: SUPPORT | $47 |
Roth Family Foundation Cary, NC PURPOSE: SUPPORT | $38 |
Endowment Analysis
| Beg. Balance | $1,009,359 |
| Earnings | -$166,782 |
| Admin Expense | $8,144 |
| Net Contributions | $11,103 |
| Ending Balance | $845,536 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Business Partnership Inc Springfield, VA | $2,560,570 | $55,247,461 |
The Virginia Arts Festival Inc Norfolk, VA | $42,180,047 | $13,814,301 |
South Arts Inc Atlanta, GA | $7,711,292 | $5,611,811 |
Acorn Center For Restoration And Freedom Inc Covington, GA | $134,681 | $1,087,049 |
South Fulton Institute Inc Atlanta, GA | $1,909,108 | $891,815 |
Destination Cleveland County Inc Shelby, NC | $7,052,846 | $848,896 |
Jeniam Ii Foundation Memphis, TN | $1,092,809 | $484,239 |
Friends Of The Hunley Inc North Charleston, SC | $1,463,625 | $893,536 |
Tenants And Workers United Inquilinos Y Trabajadores Unidos Alexandria, VA | $1,287,907 | $1,136,060 |
Cool Spring Downtown District Inc Fayetteville, NC | $404,618 | $773,790 |
Creativets Nashville, TN | $484,880 | $860,430 |
The Arts Council Of Moore County Inc Southern Pines, NC | $756,104 | $891,925 |