Southern Delaware Street Rod Association
- Assets
- $120.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Georgetown, DE
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 51-0350586
Organization Overview
Southern Delaware Street Rod Association is located in Georgetown, DE. The organization was established in 1994. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Delaware Street Rod Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Southern Delaware Street Rod Association generated $19.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $25.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Johnson President | 1 | $0 | |
Eddie Cain Vice President | 1 | $0 | |
Brenda Gonet Secretary | 1 | $0 | |
Karol Fletcher Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,861 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $16,775 |
| Total Revenue | $19,387 |
| 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 | $2,359 |
| Other expenses | $22,630 |
| Total expenses | $24,989 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,227 |
| Other assets | $0 |
| Total assets | $120,577 |
| Total liabilities | $0 |
| Net assets or fund balances | $120,577 |
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