Paddle 4 Troops Inc
- Assets
- $137.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Surf City, NC
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 82-2084177
Organization Overview
Paddle 4 Troops Inc is located in Surf City, NC. The organization was established in 2018. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paddle 4 Troops 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 12/2023, Paddle 4 Troops Inc generated $126.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $128.0k during the year ending 12/2023. While expenses have increased by 17.5% per year over the past 6 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
2023
Describe the Organization's Program Activity:
Part 3
PADDLE 4 TROOPS (P4T) IS A DEDICATED GROUP OF VOLUNTEERS WITH ONE COMMON MISSION: TO PROVIDE SUPPORT AND ASSISTANCE TO LOCAL VETERANS, ACTIVE DUTY, RETIRED MILITARY AND THEIR FAMILIES. LOCATED IN SURF CITY, NC P4T HAS BEEN ASSISTING OUR NATION'S BRAVE AND NOBLE SINCE 2011. SINCE ITS EARLY DAYS WITH JOSH AND DWIGHT TORRES VISION OF SUPPORTING THOSE IN NEED, PADDLE 4 TROOPS HAS PROVIDED MORE THAN 200,000 IN ASSISTANCE TO LOCAL MILITARY AND THEIR FAMILIES. WHETHER IT IS TIME, FINANCIAL SUPPORT, OR HELPING HAND, P4T IS THERE TO SUPPORT THOSE IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Torres Board Member | 15 | $0 | |
Josh Torres Board - Pres | 15 | $0 | |
Lori Chaney Board - Secr | 15 | $0 | |
Susan Griffin Board - Trea | 15 | $0 | |
Ian Morgan Board Member | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,240 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $151 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $67,781 |
| Other Revenue | $0 |
| Total Revenue | $126,172 |
| 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 | $3,130 |
| Occupancy, rent, utilities, and maintenance | $1,243 |
| Printing, publications, postage, and shipping | $425 |
| Other expenses | $1,600 |
| Total expenses | $128,046 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,704 |
| Other assets | $0 |
| Total assets | $137,842 |
| Total liabilities | $0 |
| Net assets or fund balances | $137,842 |