Verdmont Outing Club
- Assets
- $202.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pownal, VT
- Founding
- 02/1976
- Data as of
- 07/2024
- EIN
- 03-6008681
Organization Overview
Verdmont Outing Club is located in Pownal, VT. The organization was established in 1976. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. Verdmont Outing Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2024, Verdmont Outing Club generated $22.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $24.6k during the year ending 07/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
MAINTAIN HIKING AND NATURE TRAILS, PICNIC AND CAMPING FOR PUBLIC ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Mcgannon President | 0 | $0 | |
Lucinda Hudson-Knapp Secretary | 0 | $0 | |
Nola Evans Vice President | 0 | $0 | |
David Naaktgeboren Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $21,875 |
| Investment income | $946 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,821 |
| 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 | $920 |
| Occupancy, rent, utilities, and maintenance | $19,238 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,446 |
| Total expenses | $24,604 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,130 |
| Other assets | $0 |
| Total assets | $202,118 |
| Total liabilities | $0 |
| Net assets or fund balances | $202,118 |