Granite Farms Estates Residents Association
- Assets
- $101.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Media, PA
- Founding
- 05/2001
- Data as of
- 12/2023
- EIN
- 23-2498836
Organization Overview
Granite Farms Estates Residents Association is located in Media, PA. The organization was established in 2001. 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. Granite Farms Estates Residents 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, Granite Farms Estates Residents Association generated $110.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $115.6k during the year ending 12/2023. While expenses have increased by 17.1% per year over the past 5 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
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Mccomb President | 15 | $0 | |
Daniel Newell Vice President | 10 | $0 | |
Deborah Kitson Secretary | 10 | $0 | |
Geoffrey Kitson Treasurer | 10 | $0 | |
Henry Chris Schwemm Asst Treasurer | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,959 |
| Total Program Service Revenue | $0 |
| Membership dues | $8,150 |
| Investment income | $318 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,898 |
| 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 | $11,765 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,043 |
| Total expenses | $115,627 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,681 |
| Other assets | $0 |
| Total assets | $101,681 |
| Total liabilities | $0 |
| Net assets or fund balances | $101,681 |