Palacios Recreation Association Inc
- Assets
- $110.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palacios, TX
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 74-6062612
Organization Overview
Palacios Recreation Association Inc is located in Palacios, TX. The organization was established in 2017. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palacios Recreation Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Palacios Recreation Association Inc generated $76.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $60.9k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
IN 2022, THE RECREATION HALL WAS USED FOR 48 EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Harrison President | 2 | $0 | |
Elaine Meadows Vp/treasurer | 2 | $0 | |
Linda Wilson Director | 2 | $0 | |
Irene Mangum Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,700 |
| Total Program Service Revenue | $53,002 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,702 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $525 |
| Occupancy, rent, utilities, and maintenance | $42,811 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,570 |
| Total expenses | $60,906 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,834 |
| Other assets | $0 |
| Total assets | $110,923 |
| Total liabilities | $0 |
| Net assets or fund balances | $110,923 |