Pratolana Mutual Benefit Society Inc is located in Hartford, CT. The organization was established in 2004. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Pratolana Mutual Benefit Society 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, Pratolana Mutual Benefit Society Inc generated $76.8k 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 (5.1%) each year. All expenses for the organization totaled $47.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
PROMOTION OF SOCIAL AND COMMUNAL ACTIVITIES AMONGST MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bruno Tedeschi Treasurer | 5 | $0 | |
Luciano Dibacco President | 5 | $0 | |
Roberto Dibacco Vice President | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $76,607 |
Membership dues | $0 |
Investment income | $168 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $76,775 |
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 | $0 |
Other expenses | $47,022 |
Total expenses | $47,022 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $144,936 |
Other assets | $0 |
Total assets | $209,007 |
Total liabilities | $0 |
Net assets or fund balances | $209,007 |
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