Broad & Gales Creek Community Assoc
- Assets
- $1.5m
- Revenue
- $504.8k
- Investments
- $0.0
- Employees
- 19
- Location
- Newport, NC
- Founding
- 06/1991
- Data as of
- 06/2022
- EIN
- 58-1918470
Organization Overview
Broad & Gales Creek Community Assoc is located in Newport, NC. The organization was established in 1991. 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. As of 06/2022, Broad & Gales Creek Community Assoc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broad & Gales Creek Community Assoc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Broad & Gales Creek Community Assoc generated $504.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $458.2k during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BROAD AND GALES CREEK COMMUNITY ASSOCIATION IS A VOLUNTARY FIRE DEPARTMENT THAT PROVIDES FIRE PROTECTION TO THE SURROUNDING COMMUNITIES AS NEEDED. IT ALSO MAINTAINS PARKS AND OTHER FACILITIES OPEN TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EMERGENCY AND NON-EMERGENCY AID TO INDIVIDUALS LIVING IN AND VISITING THE BROAD AND GALES CREEK AREA.
PROVIDED EMERGENCY AND NON-EMERGENCY AID TO INDIVIDUALS LIVING IN AND VISITING THE BROAD AND GALES CREEK AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Bello President | OfficerTrustee | $0 | |
Robert Lewis At Large | OfficerTrustee | $0 | |
Sally Salter Secretary | OfficerTrustee | $0 | |
Jeffrey Batten Director/tre | Trustee | $0 | |
Dusty Destennver At Large | Trustee | $0 | |
Ryan Garcia At Large | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,425 |
| Total Program Service Revenue | $465,975 |
| Investment income | $191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $504,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,104 |
| Office expenses | $2,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,412 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,614 |
| Insurance | $45,345 |
| All other expenses | $48,838 |
| Total functional expenses | $458,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,170 |
| Net Land, buildings, and equipment | $1,148,899 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,509,368 |
| Accounts payable and accrued expenses | $3,751 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $353,314 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $357,065 |
| Net assets without donor restrictions | $1,094,377 |
| Net assets with donor restrictions | $57,926 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,509,368 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Broad & Gales Creek Community Assoc has recieved totaling $46,000.
| Awarding Organization | Amount |
|---|---|
Crystal Coast Tournament Inc Morehead City, NC PURPOSE: TO PROVIDE FUNDS TO ORGANIZATION SO THEY CAN ESTABLISH A COMMUNITY PARK | $23,000 |
Crystal Coast Tournament Inc Morehead City, NC PURPOSE: TO PROVIDE FUNDS TO ORGANIZATION SO THEY CAN ESTABLISH A COMMUNITY PARK | $23,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Associations Institute Falls Church, VA | $13,548,237 | $18,621,219 |
Seabrook Island Property Owners Association Johns Island, SC | $18,137,442 | $8,609,669 |
People Incorporated Financial Services Abingdon, VA | $9,830,118 | $4,663,057 |
Little Rocky Run Homeowners Association Clifton, VA | $4,843,558 | $3,483,958 |
Harbison Community Association Inc Columbia, SC | $2,870,270 | $2,812,352 |
Community Association Managers Intl Certification Board Inc Falls Church, VA | $3,242,861 | $1,625,853 |
Cheers Richmond, VA | $869,139 | $1,586,686 |
Community Associations Institute Falls Church, VA | $1,258,940 | $1,448,607 |
Overlee Community Association Inc Arlington, VA | $5,817,642 | $1,366,825 |
Houses Of Light Llc Tucker, GA | $140,755 | $1,018,978 |
Timberlake Community Association Virginia Beach, VA | $464,342 | $896,523 |
Main Street Growth and Opportunity Coalition Inc Arlington, VA | $0 | $0 |