Overview
What is The Terrace Club Inc?
The Terrace Club Inc, situated in Winchester, Virginia, operates as an alumni association. Its primary mission is twofold: to foster a literary club environment and extend financial aid through scholarships to local educational institutions, as well as contribute to various community assistance projects. By providing scholarships, this nonprofit organization supports the academic pursuits of deserving students and actively participates in uplifting its local community.
Is The Terrace Club Inc legitimate?
The Terrace Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Terrace Club Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of The Terrace Club Inc?
The Terrace Club, an alumni association, is dedicated to its mission of serving as a Literary Club. Its primary objective is to offer scholarships to local educational institutions and provide assistance to various community initiatives. The organization's primary focus is on awarding scholarships, which is a testament to its commitment to supporting the educational aspirations of young individuals.
What is the revenue of The Terrace Club Inc?
The Terrace Club Inc's revenue in 2024 was $114,772.
Who are the executives of The Terrace Club Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990EZ for The Terrace Club Inc?
The Terrace Club Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of The Terrace Club Inc
The Terrace Club, a distinguished alumni association, has a mission centered around community assistance and scholarship provision. With a focus on literacy, this organization aims to offer financial aid to local schools, thereby contributing to the educational growth of the community's youth. By providing scholarships, The Terrace Club is not only investing in the future of its community but also encouraging academic excellence and fostering opportunities for deserving students.
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Impact
October, 2024
The Terrace Club Inc significantly impacts the Winchester, VA community by supporting education through scholarships and various forms of assistance. By focusing on local schools, the organization helps to alleviate financial barriers for students, enabling them to pursue their academic goals. This commitment not only fosters individual growth but also strengthens the community as a whole by investing in the potential of its youth.
In addition to scholarships, The Terrace Club engages in community assistance initiatives, further enhancing its positive influence. Their efforts promote literacy and learning, encouraging a culture of education that benefits all members of the community. Through these initiatives, The Terrace Club fosters a supportive network for alumni and local residents, reinforcing the values of collaboration and civic responsibility. Overall, their contributions create lasting change and opportunities for personal and educational development within Winchester.
This information is meant to be a general summary of The Terrace Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Gross Receipts: $147,436
Assets and Liabilities:
- Total Assets: $183,681
- Total Liabilities: $2,326
- Net Assets: $181,355
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Organization Details
Principal Officer
Charles S Clark
NTEE Category
Code: B84 - Education
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