Idamay Improvement Association
- Assets
- $93.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Idamay, WV
- Founding
- 04/1955
- Data as of
- 03/2024
- EIN
- 55-6023576
Organization Overview
Idamay Improvement Association is located in Idamay, WV. The organization was established in 1955. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, 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. Idamay Improvement Association is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 03/2024, Idamay Improvement Association generated $65.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $77.8k during the year ending 03/2024. While expenses have increased by 6.4% per year over the past 4 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
2024
Describe the Organization's Program Activity:
Part 3
THE TOWN NOW HAS A SAFE ENVIRONMENT FOR THEIR CHILDREN AND ADULTS BY PROVIDING THE STREET LIGHTS, FIRE HYDRANTS, AND PLAYGROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Ross President | 10 | $0 | |
Stephanie Tomana Secretary | 10 | $0 | |
Gino Moscufo Assistant Secretary | 10 | $0 | |
Willamena Sliger Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,181 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $962 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,205 |
| Other Revenue | $0 |
| Total Revenue | $65,348 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,600 |
| Professional fees and other payments to independent contractors | $171 |
| Occupancy, rent, utilities, and maintenance | $46,943 |
| Printing, publications, postage, and shipping | $547 |
| Other expenses | $26,530 |
| Total expenses | $77,791 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,343 |
| Other assets | $0 |
| Total assets | $93,399 |
| Total liabilities | $0 |
| Net assets or fund balances | $93,399 |