Carolinas Memory Fund Uninc
- Assets
- $15.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 08/1963
- Data as of
- 02/2023
- EIN
- 56-6051965
Organization Overview
Carolinas Memory Fund Uninc is located in Charlotte, NC. The organization was established in 1963. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolinas Memory Fund Uninc is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 02/2023, Carolinas Memory Fund Uninc generated $58.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.7%) each year. All expenses for the organization totaled $110.5k during the year ending 02/2023. As we would expect to see with falling revenues, expenses have declined by (22.1%) per year over the past 4 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
2023
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE SINGLE PROGRAM IS TO PROVIDE DEATH BENEFITS TO THE MEMBER'S NAMED BENEFICIARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jc Fain Chairman | 5 | $0 | |
Jane Dishman Board Member | 5 | $0 | |
Lynn Murphy Board Member | 5 | $0 | |
Joe Wrightson Board Member | 5 | $0 | |
Sandra Urquhart Board Member | 5 | $0 | |
Mona Howell Past Secreta | 5 | $11,627 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,636 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,636 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $93,339 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,011 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,722 |
| Other expenses | $1,456 |
| Total expenses | $110,528 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,367 |
| Other assets | $0 |
| Total assets | $15,367 |
| Total liabilities | $1,532 |
| Net assets or fund balances | $13,835 |