Adams Charitable & Recreational Assoc
- Assets
- $12.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairmont, WV
- Founding
- 10/1944
- Data as of
- 03/2022
- EIN
- 55-0110430
Organization Overview
Adams Charitable & Recreational Assoc is located in Fairmont, WV. The organization was established in 1944. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adams Charitable & Recreational Assoc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2022, Adams Charitable & Recreational Assoc generated $23.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $19.5k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 7 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
PROVIDE FELLOWSHIP FOR RETIREES AND CURRENT MEMBER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Romino President | 20 | $0 | |
Margaret Krueger Treasurer | 5 | $0 | |
Judith Bock Secretary | 5 | $0 | |
Cathy Demasi Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,258 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,376 |
| Other Revenue | $0 |
| Total Revenue | $23,634 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,367 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $55 |
| Other expenses | $14,405 |
| Total expenses | $19,477 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,419 |
| Other assets | $0 |
| Total assets | $12,219 |
| Total liabilities | $369 |
| Net assets or fund balances | $11,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Healthcare Philanthropy Arlington, VA | $6,140,277 | $3,401,827 |
Jewish Community Board Of Akron Inc Akron, OH | $30,091,035 | $2,975,867 |
National Grants Management Association Sterling, VA | $2,367,372 | $1,673,598 |
Womens Philanthropic Union Cleveland Heights, OH | $4,112,357 | $615,145 |
Teamsters Local Union 507 Charitable Educational & Recreatio Cleveland, OH | $569,967 | $583,300 |
New York Medical College Voluntary Employees Beneficiary Association Pittsburgh, PA | $4,020,995 | $563,233 |
Association Of Fundraising Professionals Arlington, VA | $216,401 | $347,689 |
Associated Charities Of Findlay Ohio Findlay, OH | $5,420,277 | $1,038,245 |
Association Of Fundraising Professionals Arlington, VA | $309,480 | $212,725 |
Association Of Fundraising Professionals Arlington, VA | $275,330 | $290,634 |
Associated Charities Of Cumberland Inc Cumberland, MD | $93,718 | $214,148 |
Association Of Fundraising Professionals Arlington, VA | $170,411 | $0 |