Valley Forge Mustang Club
- Assets
- $6.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bensalem, PA
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 80-0663934
Organization Overview
Valley Forge Mustang Club is located in Bensalem, PA. The organization was established in 2011. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Valley Forge Mustang Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Valley Forge Mustang Club generated $16.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $17.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 years. 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
THE ORGANIZATION ACHIEVES IT'S PURPOSE BY SPONSORING LOCAL CAR SHOWS AND BY IT'S MEMBERS PARTICIPATING IN VARIOUS MUSTANG FUNCTIONS THROUGHOUT THE LOCAL AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Pellechio Vice President | 2 | $0 | |
Elaine B Matt Board Member | 2 | $0 | |
Tina Bauman Secretary | 2 | $0 | |
Laura Smith Board Member | 2 | $0 | |
Jackie Dahlen President | 2 | $0 | |
Cindy Phipps Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,901 |
| Membership dues | $2,544 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,689 |
| Total Revenue | $16,134 |
| 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 | $423 |
| Occupancy, rent, utilities, and maintenance | $1,650 |
| Printing, publications, postage, and shipping | $100 |
| Other expenses | $15,571 |
| Total expenses | $17,744 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,905 |
| Other assets | $0 |
| Total assets | $6,905 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,905 |