The Bellows Falls Polish-American Club 1 Inc is located in Bellows Falls, VT. The organization was established in 2000. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Bellows Falls Polish-American Club 1 Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellows Falls Polish-American Club 1 Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Bellows Falls Polish-American Club 1 Inc generated $72.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $73.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CITIZENSHIP,FRIENDSHIP,UNITY & AID TO NEEDY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL FUNCTIONS FOR MEMBERS AND THEIR FAMILIES
SCHOLARSHIPS TO COLLEGE STUDENTS
DONATIONS TO CHARITIES, RELIGIOUS GROUPS AND THE NEEDY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ray Cooney Bar Manager | 0 | $11,100 | |
Ellen Podgurski President | Officer | 3 | $5,696 |
Mary Lawlor Treasurer | Officer | 25 | $3,756 |
Jesse Smart Trustee | Trustee | 1.5 | $2,310 |
Alison Bigwood Secretary | Officer | 1.5 | $1,204 |
Scott Carr Vice President | Officer | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $9,863 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,863 |
Total Program Service Revenue | $9,560 |
Investment income | $5,884 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $800 |
Net Gain/Loss on Asset Sales | $4,771 |
Net Income from Fundraising Events | $2,862 |
Net Income from Gaming Activities | $16,335 |
Net Income from Sales of Inventory | $20,926 |
Miscellaneous Revenue | $0 |
Total Revenue | $72,321 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $400 |
Grants and other assistance to domestic individuals. | $2,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $772 |
Compensation of current officers, directors, key employees. | $24,066 |
Compensation of current officers, directors, key employees. | $2,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $3,536 |
Other employee benefits | $0 |
Payroll taxes | $2,222 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $2,000 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $21,138 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,293 |
Insurance | $3,961 |
All other expenses | $727 |
Total functional expenses | $73,618 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $29,698 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,798 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $107,075 |
Investments—publicly traded securities | $127,976 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $514 |
Total assets | $269,061 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,696 |
Total liabilities | $1,696 |
Net assets without donor restrictions | $267,365 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $269,061 |
Organization Name | Assets | Revenue |
---|---|---|
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Mill River Club Inc Oyster Bay, NY | $11,730,867 | $8,340,769 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |
Garden City Country Club Inc Garden City, NY | $15,572,533 | $8,460,994 |
University Club Of Boston Boston, MA | $34,166,489 | $7,340,957 |
Waccabuc Country Club Company Waccabuc, NY | $11,539,520 | $7,312,621 |
Golf Club Of Purchase Inc Purchase, NY | $37,563,314 | $5,572,875 |
Meadow Brook Golf Club Inc Jericho, NY | $4,579,512 | $7,717,854 |
Manursing Island Club Inc Rye, NY | $9,242,509 | $6,718,219 |