Vardaman Community Center Inc is located in Vardaman, MS. The organization was established in 1972. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vardaman Community Center Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Vardaman Community Center Inc generated $101.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $99.3k during the year ending 05/2022. While expenses have increased by 2.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE COMMUNITY CENTER IS TO PROVIDERECREATIONAL FACILITIES FOR THE CHILDREN OF THE COMMUNITYIN THE ABSENCE OF OTHER WHOLESOME ACTIVITIES.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles D Mahan President | 4 | $0 | |
Randle D Wright Director | 2 | $0 | |
Deanna F Winter Secretary | 4 | $2,706 | |
Tony Watkins Director | 0 | $0 | |
Lisa Pettit Director | 8 | $0 | |
Greg Lovern Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $57,088 |
| Membership dues | $43,966 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $101,059 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,664 |
| Professional fees and other payments to independent contractors | $425 |
| Occupancy, rent, utilities, and maintenance | $25,578 |
| Printing, publications, postage, and shipping | $235 |
| Other expenses | $37,352 |
| Total expenses | $99,254 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,264 |
| Other assets | $0 |
| Total assets | $79,343 |
| Total liabilities | $591 |
| Net assets or fund balances | $78,752 |