Gloucester V F W Inc is located in Gloucester, MA. The organization was established in 2000. 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. Gloucester V F W Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Gloucester V F W Inc generated $116.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $104.9k during the year ending 12/2022. 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
PROVIDE A MEETING PLACE FOR MEMBERS TU HAVE SOCIAL INTERACTION
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Salas President | 0 | $0 | |
Christopher Rowland Treasurer | 0 | $0 | |
Chad Johnson Clerk | 0 | $0 | |
John Ellis Vice President | 0 | $0 | |
Sean Ellis Director | 0 | $0 | |
Gardner Garrett Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,740 |
| Total Program Service Revenue | $0 |
| Membership dues | $5,014 |
| Investment income | $112 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,349 |
| Other Revenue | $18,087 |
| Total Revenue | $116,569 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,473 |
| Professional fees and other payments to independent contractors | $6,600 |
| Occupancy, rent, utilities, and maintenance | $17,621 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,166 |
| Total expenses | $104,860 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,454 |
| Other assets | $0 |
| Total assets | $90,454 |
| Total liabilities | $24,777 |
| Net assets or fund balances | $65,677 |