Cortland Overseas Veterans Club Inc
- Assets
- $170.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cortland, NY
- Founding
- 07/1948
- Data as of
- 12/2020
- EIN
- 15-0504730
Organization Overview
Cortland Overseas Veterans Club Inc is located in Cortland, NY. The organization was established in 1948. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, 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. Cortland Overseas Veterans Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2020, Cortland Overseas Veterans Club Inc generated $51.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $84.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 5 years. 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
2020
Describe the Organization's Program Activity:
Part 3
PROVIDE A MEETING PLACE FOR VETERANS WHO SERVED OVERSEA AND TO PROMOTE PATRIOTISM AND SUPPORT OF ARMED FORCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Gallow Commander | 14 | $0 | |
Richard Small Trustee | 20 | $12,272 | |
Brian Dropchinski Quarter Master | 10 | $6,018 | |
Norm Stissel Trustee | 2 | $0 | |
David Hobart Trustee | 2 | $0 | |
James Toolan Quarter Master | 10 | $5,670 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $32,677 |
| Other Revenue | $112 |
| Total Revenue | $51,272 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $43,041 |
| Professional fees and other payments to independent contractors | $6,672 |
| Occupancy, rent, utilities, and maintenance | $22,667 |
| Printing, publications, postage, and shipping | $418 |
| Other expenses | $12,063 |
| Total expenses | $84,861 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,589 |
| Other assets | $0 |
| Total assets | $169,951 |
| Total liabilities | $209 |
| Net assets or fund balances | $169,742 |