District 7 Of The A C B L Inc
- Assets
- $555.2k
- Revenue
- $386.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hampstead, NC
- Founding
- Data as of
- 06/2022
- EIN
- 58-1396772
Organization Overview
District 7 Of The A C B L Inc is located in Hampstead, NC. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. District 7 Of The A C B L Inc 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 06/2022, District 7 Of The A C B L Inc generated $386.2k in total revenue. All expenses for the organization totaled $504.0k during the year ending 06/2022. While expenses have increased by 248.8% per year over the past 2 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT DISTRICT 7 EVENTS TO PROMOTE, ENCOURAGE, GROW, AND PROVIDE OPPORTUNITIES TO PLAY THE GAME OF DUPLICATE CONTRACT BRIDGE. ONE DISTRICT OF 25 IN THE AMERICAN CONTRACT BRIDGE LEAGUE (ACBL).
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRICT WIDE REGIONAL TOURNAMENTS BENEFIT MEMBERS AND STAC EVENTS BENEFIT LOCAL UNITS/CLUBS. GNT & NAP EVENTS ALLOW OUR MEMBERS TO QUALIFY AND PARTICIPATE IN NATIONAL EVENTS. FROM MID-MAR.2020 THRU JUNE.2021 NO FACE-TO-FACE TOUNAMENTS OR SPECIAL EVENTS WERE HELD DUE TO COVID-19 PANDEMIC.
EDUCATIONAL AND INSTRUCTIONAL PROGRAMS FOR BRIDGE TEACHERS, DIRECTORS, AND PLAYERS TO ENCOURAGE AND PROMOTE THE GAME OF CONTRACT BRIDGE IN OUR COMMUNITIES. GOODWILL COMMITTEE THAT RECOGNIZES OUTSTANDING CONTRIBUTIONS OF INDIVIDUALS. FUNDING LOCAL ACTIVITIES TO PROMOTE BRIDGE. SPECIAL YOUTH PROGRAMS TO ADVANCE THE FUTURE OF BRIDGE.
PUBLISH NEWS/BULLETINS TO EVERY DISTRICT MEMBER AND PROVIDE MATERIALS TO PARTICIPANTS, ADMINISTRATION, FREE PLAYS, TOURNAMENT/EVENT COORDINATORS, MEETINGS, & WEBSITE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Harding Treasurer | Officer | 5 | $1,200 |
Richard B Brown President | Officer | 4 | $0 |
Richard Smith Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $379,791 |
| Investment income | $6,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $386,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $13,132 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $490,892 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $504,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,853 |
| Savings and temporary cash investments | $432,853 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,525 |
| Total assets | $555,231 |
| Accounts payable and accrued expenses | $7,856 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,856 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$117,799 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $665,174 |
| Total liabilities and net assets/fund balances | $555,231 |
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