Larchwood Betterment Club
- Assets
- $49.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Larchwood, IA
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 68-0554429
Organization Overview
Larchwood Betterment Club is located in Larchwood, IA. The organization was established in 2004. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larchwood Betterment Club 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, Larchwood Betterment Club generated $118.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $99.8k during the year ending 12/2023. While expenses have increased by 14.2% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Kenyon Treasurer | 1.5 | $0 | |
Patrick Froelich Secretary | 1 | $0 | |
Jeremy Childress President | 3 | $0 | |
Alex Tracy Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,025 |
| Total Program Service Revenue | $24,880 |
| Membership dues | $63,670 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $118,575 |
| 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 | $858 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $98,944 |
| Total expenses | $99,802 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,161 |
| Other assets | $0 |
| Total assets | $49,596 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,596 |