The information for Summerville Cotillion is as of the organization's most recent filing in April 2021. This organization is located in Summerville, SC and has been in existence for 2 years since its founding in 2019.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Summerville Cotillion's NTEE code is N50. The "N" tells us that the organization is classified along with Recreational Clubs. The "50" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as organizations that make available to members and their guests and facilities for recreational activities, sports and games, as well as social clubs that provide opportunities for people to meet and socialize with their peers.
Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.
Since 1980, the Summerville Cotillion has held its annual debutante ball in order to uphold a spirit of tradition, gentility, and social etiquette.
The Summerville Cotillion nonprofit organization has experienced a decrease in revenue over the past two years. Specifically, Program Service Revenue has decreased from $28.8K in 2018 to $1.4K in 2020, and Total Revenue has decreased from $71.3K in 2018 to $36.5K in 2020.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robyn Schmeiding Deb Advisor/ | 0 | $0 | |
Melissa Mcconnell Past Preside | 0 | $0 | |
Leslie Wright Treasurer | 0 | $0 | |
Cheryl Whitfield Recording Se | 0 | $0 | |
Elizabeth Donahue Presdient El | 0 | $0 | |
Cindy Leiendecker Corresp Sec. | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $45,950 |
Total Program Service Revenue | $25,550 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $71,500 |
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 | $74,187 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $212 |
Other expenses | $2,028 |
Total expenses | $76,427 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $97,910 |
Other assets | $0 |
Total assets | $97,910 |
Total liabilities | $0 |
Net assets or fund balances | $97,910 |
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