Military Retirees Club Of Richmond Virginia Inc
- Assets
- $251.5k
- Revenue
- $271.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 02/1975
- Data as of
- 12/2023
- EIN
- 23-7427721
Organization Overview
Military Retirees Club Of Richmond Virginia Inc is located in Richmond, VA. The organization was established in 1975. 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. Military Retirees Club Of Richmond Virginia Inc is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 12/2023, Military Retirees Club Of Richmond Virginia Inc generated $271.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $158.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROGRAMS FOR VETERANS AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACHIEVEMENTS FOR THE EXEMPT PURPOSE OF OPERATING A CLUB HOUSE TO SERVE AS A MEDIUM FOR FRIENDSHIP AND COMRADERY AMONG RETIRED MEMBERS OF THE ARMED FORCES, WITHOUT REGARD TO NATIONAL ORIGIN, CREED, RACE, OR COLOR, WERE ACCOMPLISHED THROUGH THE DONATIONS OF TIME, SERVICE, AND MONETARY CONTRIBUTIONS. THE ORGANIZATION CONTINUED TO MAKE REPAIRS TO THE FACILITY, INTERNALLY AND EXTERNALLY. IT HONORED MEMBERS DURING BIRTHDAY CELEBRATIONS. THE MRC PLANNED PROGRAMS TO HONOR DECEASED MEMBERS, ATTENDED FUNERALS AT THEIR CHURCHES, PARTICIPATED IN CELEBRATIONS, DISPLAYED THEIR PICTURES OUTSIDE THE BUILDING, AND HUNG A TRIBUTE SCROLL OF DECEASED MEMBERS ON ITS "WALL OF FAME". THE CLUB HOSTED ITS FIRST ANNUAL FUNDRAISING GALA ON APRIL 15, 2023. LTG (RETIRED) DARRELL K. WILLIAMS, PRESIDENT OF HAMPTON UNIVERSITY, ONE OF OUR STATE HBCUS, WAS KEYNOTE SPEAKER. IN ATTENDANCE WERE MS. JOYCE REED, DEPUTY SECRETARY OF ADMINISTRATION, DR. ANGELA PORTER, DIRECTOR OF SUICIDE PREVENTION AND OPIOID ADDICTION SERVICES AND OTHERS.
CIVIC AND HUMANITARIAN ACHIEVEMENTS WERE THROUGH DONATION OF EQUIPMENT, TIME, AND THE USE OF ITS FACILITIES TO OTHER NON-PROFIT ORGANIZATIONS, SUCH AS THE DISABLED AMERICAN VETERANS, TO HOLD ITS MONTHLY MEETINGS. ONE OF THEIR HEAVILY ATTENDED PROGRAMS IS THE SESSIONS ON VETERANS' CLAIMS WHICH ARE WRITTEN AND FILED IN ADDITION TO PROVIDING INFORMATION ABOUT CLAIMS AND UPDATES ON VETERAN'S BENEFITS.
ACHIEVEMENTS FOR THE EXEMPT PURPOSE TO PROMOTE THE MEMBERSHIP, WELFARE AND PROSPERITY FOR CIVIC AND PATRIOTIC PURPOSES WERE THROUGH THE ORGANIZATIONS CIVIC ACTION PROGRAMS. SUCH EVENTS INCLUDE A MAJOR DONATION OF SCHOOL SUPPLIES TO STUDENTS ATTENDING GEORGE CARVER ELEMENTARY SCHOOL IN RICHMOND, VA., OUR ADOPTED SCHOOL. SUPPLIES WERE PURCHASED, PACKAGED, AND DISTRIBUTED TO THOSE NEEDY STUDENTS, AS RECOGNIZED BY THE SCHOOL OFFICIALS. THANKSGIVING DINNERS WERE ACQUIRED AND GIVEN TO DISADVANTAGED FAMILIES. ONCE AGAIN, THE MRC HOSTED ITS ANNUAL TOYS FOR TOTS CHILDRENS CHRISTMAS PARTY, WHERE BREAKFAST AND LUNCH WERE PROVIDED TO LOCAL UNDERPRIVILEGED CHILDREN. THEY WERE VISITED BY SANTA AND MRS. CLAUS. BOOKS, TOYS, BIKES, JOY, AND LOVE WERE SHARED. MOREOVER, THE CHILDREN WERE AMAZED AND IN AWE TO PERSONALLY TOUR THE "BIG RED TRUCK" THANKS TO THE RICHMOND FIRE DEPARTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanda Gadson Member | Trustee | 8 | $690 |
Earl Reid President | OfficerTrustee | 14 | $600 |
Lawrence Coclough Chairman | OfficerTrustee | 14 | $0 |
Sonja Johns Vice President | OfficerTrustee | 14 | $0 |
Alexander Taylor Business Manag. | OfficerTrustee | 14 | $0 |
Tony Bond Club Manager | OfficerTrustee | 14 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,791 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,292 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,166 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $110,769 |
| Net Income from Gaming Activities | -$400 |
| Net Income from Sales of Inventory | -$607 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,290 |
| Compensation of current officers, directors, key employees. | $258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,293 |
| Fees for services: Accounting | $5,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $324 |
| Advertising and promotion | $716 |
| Office expenses | $2,054 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,892 |
| Insurance | $3,463 |
| All other expenses | $31,144 |
| Total functional expenses | $158,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,458 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $705 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $158,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,149 |
| Total assets | $251,511 |
| Accounts payable and accrued expenses | $4,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $136,366 |
| Total liabilities | $141,266 |
| Net assets without donor restrictions | $110,245 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $251,511 |