Clube Desportive Faialense Inc
- Assets
- $757.6k
- Revenue
- $193.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 02/1991
- Data as of
- 12/2021
- EIN
- 04-3068212
Organization Overview
Clube Desportive Faialense Inc is located in Cambridge, MA. The organization was established in 1991. According to its NTEE Classification (N52) the organization is classified as: Fairs, 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. Clube Desportive Faialense 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, Clube Desportive Faialense Inc generated $193.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $145.4k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
FRATERNAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SOCIAL AND CULTURAL LIFE OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rui F Maciel President | Officer | 10 | $0 |
Rosemarie Correia Secretary | Officer | 10 | $0 |
Francisco Correia Treasurer | Officer | 10 | $0 |
Financial Statements
| 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,038 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $195,119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,081 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,176 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,070 |
| Fees for services: Accounting | $4,814 |
| 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 | $872 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,385 |
| 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 | $9,445 |
| Insurance | $9,833 |
| All other expenses | $5,245 |
| Total functional expenses | $145,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,662 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $702,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $757,608 |
| 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 | $232,194 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $232,194 |
| Net assets without donor restrictions | $0 |
| 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 | $525,414 |
| Total liabilities and net assets/fund balances | $757,608 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Eastern States Exposition West Springfield, MA | $51,715,306 | $35,856,934 |
Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
Massachusetts Corrections Officers Federated Union Milford, MA | $5,016,192 | $3,161,226 |
Deerfield Fair Association Inc Deerfield, NH | $6,809,615 | $2,535,267 |
New England Fuel Institute Inc Wilmington, MA | $718,912 | $1,881,576 |
Champlain Valley Exposition Inc Essex Junction, VT | $5,539,435 | $1,655,626 |
Hampshire Franklin And Hampden Agricultural Soc Northampton, MA | $5,535,484 | $2,024,301 |
Rensselaer County Agricultural And Horticultural Society Schaghticoke, NY | $177,388 | $1,283,672 |
The Woodstock Agricultural Society Woodstock, CT | $6,649,911 | $1,484,894 |
A Taste Of Buffalo Inc Lancaster, NY | $218,839 | $1,255,644 |
Washington County Fair Inc Greenwich, NY | $4,674,177 | $1,578,526 |
Rochester Fringe Festival Inc Rochester, NY | $674,965 | $1,364,718 |