Friends Of New Troy
- Assets
- $151.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Troy, MI
- Founding
- 07/2007
- Data as of
- 09/2023
- EIN
- 20-3885998
Organization Overview
Friends Of New Troy is located in New Troy, MI. The organization was established in 2007. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, 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. Friends Of New Troy 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 09/2023, Friends Of New Troy generated $63.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $62.5k during the year ending 09/2023. While expenses have increased by 13.4% per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
WE WERE ABLE TO OPERATE THE COMMUNITY CENTER PROVIDING ABOOKROOM PROGRAM WITH COMPUTER ACCESS AND HOST MULTIPLECOMMUNITY SERVICE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Hanover President | 10 | $0 | |
Marlene Newmiller Secretary | 5 | $0 | |
Rebecca Gloe Treasurer | 5 | $0 | |
Vickie Petroff Vice President | 5 | $0 | |
Jessica Nance Director | 5 | $0 | |
Jenny Janutis-Gabbard Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,873 |
| Total Program Service Revenue | $8,275 |
| Membership dues | $1,500 |
| Investment income | $98 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,353 |
| Other Revenue | $0 |
| Total Revenue | $63,099 |
| 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 | $250 |
| Occupancy, rent, utilities, and maintenance | $52,551 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,713 |
| Total expenses | $62,514 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,550 |
| Other assets | $0 |
| Total assets | $151,099 |
| Total liabilities | $0 |
| Net assets or fund balances | $151,099 |