Palmetto Classic
- Assets
- $15.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 81-2437464
Organization Overview
Palmetto Classic is located in Alexandria, VA. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto Classic 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, Palmetto Classic generated $25.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $10.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (25.7%) per year over the past 5 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
PROVIDED A DONATION TO THE WESTERN GOLF ASSOCIATION EVANS SCHOLARS FOUNDATION WHICH HELPS PROVIDE COLLEGE FULL TUITION AND HOUSING TO STUDENTS WITH LIMITED FINANCIAL MEANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Jacobs President | 1 | $0 | |
Astrid Ruggeri Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$25,887 |
| Other Revenue | $0 |
| Total Revenue | $25,113 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $25 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $10,025 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,601 |
| Other assets | $0 |
| Total assets | $15,601 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,601 |