Trap Pond Partners Inc
- Assets
- $59.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, DE
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 61-1492195
Organization Overview
Trap Pond Partners Inc is located in Laurel, DE. The organization was established in 2006. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, 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. Trap Pond Partners 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 12/2021, Trap Pond Partners Inc generated $21.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $17.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chase Cline President | 10 | $0 | |
Randy Pierson Vice President | 10 | $0 | |
Marilyn O'neal Acting Asst Treasurer | 10 | $0 | |
Karen Ironside Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,697 |
| Total Program Service Revenue | $8,327 |
| Membership dues | $150 |
| Investment income | $71 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,048 |
| Other Revenue | $1,141 |
| Total Revenue | $21,434 |
| 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 | $568 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,893 |
| Total expenses | $17,788 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,097 |
| Other assets | $0 |
| Total assets | $59,424 |
| Total liabilities | $4,698 |
| Net assets or fund balances | $54,726 |