Valley Corvettes Inc
- Assets
- $29.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 02/1992
- Data as of
- 02/2022
- EIN
- 94-3143391
Organization Overview
Valley Corvettes Inc is located in Boise, ID. The organization was established in 1992. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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 Corvettes Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2022, Valley Corvettes Inc generated $38.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $38.9k during the year ending 02/2022. While expenses have increased by 3.8% per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
OPERATES FOR THE PLEASURE AND RECREATION OF ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Pardue Vice President | 3 | $0 | |
Larry Brown President | 5 | $0 | |
Carey Moorehead Treasurer | 2 | $0 | |
Athena Pardue Activities Dir | 2 | $0 | |
Sandy Klausen Secretary | 2 | $0 | |
Debbie Johnson Sgt At Arms | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,115 |
| Total Program Service Revenue | $0 |
| Membership dues | $19,318 |
| Investment income | $69 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,475 |
| Other Revenue | $0 |
| Total Revenue | $37,977 |
| 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 | $2,195 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $273 |
| Other expenses | $13,506 |
| Total expenses | $38,865 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,947 |
| Other assets | $0 |
| Total assets | $28,998 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,998 |
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