Financial Status
Camp Ridgecrest Alumni & Friends, Inc. is a corporation organized under the laws of North Carolina and its non-profit status has been officially recognized by the Internal Revenue Service under IRC Section 501(c) (3) (read the letter 
from the IRS). Under most circumstances, financial gifts to the Association are income tax deductible.
As of the end of the May, 2003 (second quarter), the Association had current assets of $19,706.25, and non-current assets of $85,378.69. Current assets were held in checking ($10,722.26), savings ($8,942.65), and petty cash ($41.34). Non-current assets where held in a money market account ($85,378.69). Retained earnings for fiscal year 2002 were $28,738.04, net income was $51,639.10 with total expenditures of $18,444.21 and total revenue of $70,083.31.
Detailed income statements, balance sheets, and statement of cash flows are published in the first Echo of each year, reflecting the previous year's accounting. Updated financial statements are also posted on this website on the Files & Forms page. Additionally, financial information for the Association is available by request from the Director, Jackson Norton, or from the IRS.
Please note that Camp Ridgecrest Alumni & Friends, Inc. uses the cash method of accounting.
