Valley Penning Association
- Assets
- $49.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Ynez, CA
- Founding
- 04/2013
- Data as of
- 12/2023
- EIN
- 20-4479174
Organization Overview
Valley Penning Association is located in Santa Ynez, CA. The organization was established in 2013. 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. Valley Penning Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Valley Penning Association generated $76.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $79.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES TEAM PENNING EVENTS AND COMPETITIONS FOR THE BENEFIT OF ITS MEMBERS AS WELL AS PERIODIC SOCIAL ACTIVITIES FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Ward President | 2 | $0 | |
Elizabeth Mcgovern Treasurer | 2 | $0 | |
Christie Lanning Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,070 |
| Total Program Service Revenue | $68,711 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,784 |
| 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 | $210 |
| Other expenses | $79,350 |
| Total expenses | $79,560 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,751 |
| Other assets | $0 |
| Total assets | $49,751 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,751 |