Saugus Italian American Club Inc
- Assets
- $161.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saugus, MA
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 04-3103400
Organization Overview
Saugus Italian American Club Inc is located in Saugus, MA. The organization was established in 1994. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saugus Italian American Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Saugus Italian American Club Inc generated $184.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $173.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Serino President | 10 | $0 | |
Richard Salernojr Treasurer | 10 | $13,000 | |
Vincent Serino Clerk | 10 | $0 | |
William Nicolo Director | 4 | $0 | |
Gary Nicolo Director | 4 | $0 | |
Donald Shell Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $146,123 |
| Membership dues | $3,075 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $35,523 |
| Total Revenue | $184,721 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $4,579 |
| Salaries, other compensation, and employee benefits | $31,336 |
| Professional fees and other payments to independent contractors | $6,400 |
| Occupancy, rent, utilities, and maintenance | $32,771 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $97,864 |
| Total expenses | $172,950 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,411 |
| Other assets | $0 |
| Total assets | $161,504 |
| Total liabilities | $50,793 |
| Net assets or fund balances | $110,711 |