Oak Island Senior Citizens Inc
- Assets
- $468.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Island, NC
- Founding
- 07/1979
- Data as of
- 12/2023
- EIN
- 58-1364886
Organization Overview
Oak Island Senior Citizens Inc is located in Oak Island, NC. The organization was established in 1979. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Island Senior Citizens 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 12/2023, Oak Island Senior Citizens Inc generated $44.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $34.8k during the year ending 12/2023. While expenses have increased by 5.2% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CONTINUING EDUCATION CLASSES IN BASKET WEAVING, PAINTING, COMPUTERS, MAH JONG, BRIGDE AND OTHER GAMES. PROVIDES A LENDING LIBRARY. SOCIAL GET-TOGETHERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Brookover President | 10 | $0 | |
Missy Custead Vice-President | 10 | $0 | |
Pat Blackman Secretary | 10 | $0 | |
Peggy Brown Tresurer | 10 | $0 | |
Diana Aklan Trustee | 5 | $0 | |
Charlotte Novack Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,214 |
| Total Program Service Revenue | $0 |
| Membership dues | $7,526 |
| Investment income | $271 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,877 |
| Other Revenue | $0 |
| Total Revenue | $44,835 |
| 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 | $271 |
| Occupancy, rent, utilities, and maintenance | $20,124 |
| Printing, publications, postage, and shipping | $479 |
| Other expenses | $13,943 |
| Total expenses | $34,817 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $99,919 |
| Other assets | $0 |
| Total assets | $468,018 |
| Total liabilities | $454 |
| Net assets or fund balances | $467,564 |