Nazzaro Recreation Center Inc
- Assets
- $46.9k
- Revenue
- $102.4k
- Investments
- $0.0
- Employees
- 18
- Location
- Boston, MA
- Founding
- 02/1991
- Data as of
- 06/2024
- EIN
- 04-3100175
Organization Overview
Nazzaro Recreation Center Inc is located in Boston, MA. The organization was established in 1991. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 06/2024, Nazzaro Recreation Center Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nazzaro Recreation Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Nazzaro Recreation Center Inc generated $102.4k 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 (12.6%) each year. All expenses for the organization totaled $159.9k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Nazzaro Recreation Center Inc has awarded 11 individual grants totaling $225,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL & RECREATIONAL ACTIVITIES FOR THE YOUTH OF THE NORTH END OF BOSTON
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAMS - 175 MEMBERS IN THE SUMMER CAMP PROGRAM. ALSO HAS AN AFTER SCHOOL PROGRAM WITH FIELD TRIPS AND RECREATIONAL ACTIVITIES INCLUDING SKI TRIPS.
EXPENSES DIRECTLY RELATED TO PROGRAM SERVICES
TUTORING AND ENRICHMENT CLASSES FOR YOUTHS, GAVE SCHOLARSHIPS TO STUDENTS GOING TO COLLEGE.
RECREATIONAL FACILITIES - 500 MEMBERS USE OF THE GYM, POOL, AND BASKETBALL COURTS, ETC. ESTIMATED DAILY USE BY 100 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alissa Passacantilli President | OfficerTrustee | $0 | |
Shauna Demarco Vice Preside | Officer | $0 | |
Chris Harrington Treasurer | Officer | $0 | |
Alex Horan Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,800 |
| 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 | $25,800 |
| Total Program Service Revenue | $76,610 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,410 |
| 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 | $115,748 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $1,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $12,237 |
| All other expenses | $35 |
| Total functional expenses | $159,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,896 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,896 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $46,896 |
| 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 | $46,896 |
Grants Awarded
Over the last fiscal year, Nazzaro Recreation Center Inc has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MASS COLLEGE OF PHARMACY | | | $20,000 |
UNIVERSITY OF MASSACHUSETTS | | | $10,000 |
SYRACUSE UNIVERSITY | | | $10,000 |
MIAMI UNVERSITY | | | $10,000 |