Federal Managers Association
- Assets
- $56.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portsmouth, VA
- Founding
- 10/1958
- Data as of
- 12/2023
- EIN
- 54-6052902
Organization Overview
Federal Managers Association is located in Portsmouth, VA. The organization was established in 1958. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Federal Managers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Federal Managers Association generated $134.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $110.0k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 6 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
PAYMENTS TO NATIONAL AFFILIATE (FEDERAL MANAGERS ASSOCIATION, 1641 PRINCE STREET, ALEXANDRIA, VA 22314)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Britton 3rd Trustee | 2 | $0 | |
Artisha Ballard Torrence 2nd Trustee | 2 | $0 | |
Shaysha Banks 1st Trustee | 2 | $0 | |
Jonathan Echols Legislative Secretary | 5 | $0 | |
Jessica Younger Financial Secretary | 10 | $0 | |
Sabrina Peet Recording Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,089 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $420 |
| Other Revenue | $0 |
| Total Revenue | $134,509 |
| 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 | $905 |
| Other expenses | $104,813 |
| Total expenses | $110,022 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,206 |
| Other assets | $0 |
| Total assets | $56,206 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,206 |