Cape Verdean Association In New Bedford Inc
- Assets
- $340.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Bedford, MA
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 04-3105677
Organization Overview
Cape Verdean Association In New Bedford Inc is located in New Bedford, MA. The organization was established in 1995. According to its NTEE Classification (N64) the organization is classified as: Soccer, 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. Cape Verdean Association In New Bedford 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 12/2023, Cape Verdean Association In New Bedford Inc generated $187.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $210.7k during the year ending 12/2023. While expenses have increased by 18.2% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DEVELOPING CAPE VERDEAN CULTURAL COMMUNITY CENTER AND ISLAND PARK FOR PERFORMANCES ART AND EVENTS EDUCATION AND YOUTH PROGRAMMING AND PROVIDING THESE TYPES OF PROGRAMS. PROVIDING PROGRAMS AND SUPPORT FOR THE CAPE VERDEAN COMMUNITY IN THE NEW BEDFORD AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Spencer President | 4 | $0 | |
Gail Fortes Treasurer | 3 | $0 | |
Tanya Alves Clerk | 3 | $0 | |
Jan Baptist Vice President | 3 | $0 | |
Raquel Dias Director | 1 | $0 | |
Irondina Abreu Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,047 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $42 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,221 |
| Other Revenue | $0 |
| Total Revenue | $186,993 |
| 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 | $28,910 |
| Occupancy, rent, utilities, and maintenance | $8,925 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $170,196 |
| Total expenses | $210,731 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $122,759 |
| Other assets | $0 |
| Total assets | $340,666 |
| Total liabilities | $274,816 |
| Net assets or fund balances | $65,850 |