Valley Corvettes Inc
- Assets
- $29.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 02/1992
- Data as of
- 02/2023
- EIN
- 94-3143391
Organization Overview
Valley Corvettes Inc is located in Boise, ID. The organization was established in 1992. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Valley Corvettes Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2023, Valley Corvettes Inc generated $24.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $24.4k during the year ending 02/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 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
OPERATES FOR THE PLEASURE AND RECREATION OF ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Brown President | 5 | $0 | |
Randy Pardue Vice President | 3 | $0 | |
Sandy Klausen Secretary | 2 | $0 | |
Lee Bellemare Treasurer | 2 | $0 | |
Athena Pardue Activities Dir | 2 | $0 | |
Sheryl Bellemare Sgt At Arms | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,630 |
| Total Program Service Revenue | $0 |
| Membership dues | $10,740 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,337 |
| Other Revenue | $0 |
| Total Revenue | $24,708 |
| 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 | $0 |
| Printing, publications, postage, and shipping | $212 |
| Other expenses | $23,019 |
| Total expenses | $24,439 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,267 |
| Other assets | $0 |
| Total assets | $29,267 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,267 |