Torrance Sister City Association
- Assets
- $151.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 09/1994
- Data as of
- 12/2019
- EIN
- 95-3079582
Organization Overview
Torrance Sister City Association is located in Torrance, CA. The organization was established in 1994. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torrance Sister City Association 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 12/2019, Torrance Sister City Association generated $39.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $26.6k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 5 years. 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 |
|---|---|---|---|
Karen Wheeler Secretary | 2 | $0 | |
Jennifer Hirashiki Vice President | 3 | $0 | |
Sindy Kang Treasurer | 2 | $0 | |
Werner Willoughby President | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,094 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,170 |
| Investment income | $212 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $26,184 |
| Other Revenue | $0 |
| Total Revenue | $39,660 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,558 |
| Total expenses | $26,558 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $151,559 |
| Other assets | $0 |
| Total assets | $151,559 |
| Total liabilities | $0 |
| Net assets or fund balances | $151,559 |
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