Black Iris Social Club
- Assets
- $31.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 82-1019063
Organization Overview
Black Iris Social Club is located in Richmond, VA. The organization was established in 2017. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Black Iris Social Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Black Iris Social Club generated $187.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $205.5k during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 3 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED THE OPPORTUNITY FOR PERSONAL CONTACT FOR OVER 175 INDIVIDUALS, WHO ARE BOUND TOGETHER BY THE COMMON OBJECTIVE OF SHARING CONVERSATION, LIBATION,AND INTELLECTUAL DISCOURSE WHILE SOCIALIZING AND EXPLORING INTERESTING AND/OR PROVOCATIVE MUSIC, VISUAL MEDIA, LITERATURE, HISTORICAL INFORMATION,RECREATIONAL ACTIVITIES AND OTHERS FORMS OF ART AND EXPRESSION WHILE CULTIVATING SHARED SOURCES OF MEANING AND VALUE. IN 2021, HAD 12 MONTH LONG ART EXHIBITS AND OVER 40 BANDS/PERFORMERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Jackson President | 5 | $6,436 | |
Justin Bailey Vice Preside | 0.25 | $0 | |
Nicholas Clinch Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $147,097 |
| Membership dues | $40,638 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $187,735 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,865 |
| Professional fees and other payments to independent contractors | $1,600 |
| Occupancy, rent, utilities, and maintenance | $45,995 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $111,014 |
| Total expenses | $205,474 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,334 |
| Other assets | $0 |
| Total assets | $31,445 |
| Total liabilities | $44,665 |
| Net assets or fund balances | -$13,220 |
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