Fleet Reserve Association Virginia Beach Branch 166
- Assets
- $124.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 03/1971
- Data as of
- 06/2022
- EIN
- 23-7098742
Organization Overview
Fleet Reserve Association Virginia Beach Branch 166 is located in Virginia Beach, VA. The organization was established in 1971. 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. Fleet Reserve Association Virginia Beach Branch 166 is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Fleet Reserve Association Virginia Beach Branch 166 generated $4.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $7.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 6 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
2022
Describe the Organization's Program Activity:
Part 3
ACVTIVITIES TO BENEFIT ACTIVE AND RETIRED MILITARY MEMBERS ANDTHEIR FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry W Harris Officer | 0 | $0 | |
William Combs Officer | 0 | $0 | |
John Westman Vice President | 0 | $0 | |
Thomas Cecil President | 0 | $0 | |
James Bugtong Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,741 |
| Membership dues | $2,135 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,886 |
| 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 | $175 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $833 |
| Other expenses | $6,779 |
| Total expenses | $7,787 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,719 |
| Other assets | $0 |
| Total assets | $124,719 |
| Total liabilities | $0 |
| Net assets or fund balances | $124,719 |