Portuguese American Athletic Club
- Assets
- $119.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Smithfield, RI
- Founding
- 01/2000
- Data as of
- 12/2020
- EIN
- 05-0201937
Organization Overview
Portuguese American Athletic Club is located in Smithfield, RI. The organization was established in 2000. 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. Portuguese American Athletic Club is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2020, Portuguese American Athletic Club generated $65.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $74.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
PROCEEDS OF FUNDRAISERS AND DAILY ACTIVITIES ARE USED TO SUPPORT CHARITABLE AND YOUTH ATHLETIC ACTIVITIES
PROCEEDS OF FUNDRAISERS AND DAILY ACTIVITIES ARE USED TO SUPPORT CHARITABLE AND YOUTH ATHLETIC ACTIVITIES
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 |
|---|---|---|---|
John Silvestri President | 3 | $0 | |
Dominic Fiano Vice President | 3 | $0 | |
Thomas Kennedy Treasurer | 3 | $0 | |
Matthew Allen Financial Secretary | 3 | $0 | |
Robert Halbin Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,655 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,930 |
| Other Revenue | $17,635 |
| Total Revenue | $65,944 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,600 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $27,739 |
| Printing, publications, postage, and shipping | $55 |
| Other expenses | $36,359 |
| Total expenses | $74,903 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,542 |
| Other assets | $0 |
| Total assets | $119,822 |
| Total liabilities | $63,724 |
| Net assets or fund balances | $56,098 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Greenwich Water Club Inc Cos Cob, CT | $34,734 | $8,500,732 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |
Milbrook Club Inc Greenwich, CT | $17,388,831 | $9,460,454 |
Country Club Of Fairfield Inc Fairfield, CT | $29,190,882 | $7,946,208 |
University Club Of Boston Boston, MA | $34,166,489 | $7,340,957 |
Misquamicut Club Westerly, RI | $15,452,376 | $6,456,476 |
Ridgewood Country Club Inc Danbury, CT | $10,449,288 | $6,642,319 |
Bulls Bridge Golf Club Inc South Kent, CT | $10,421,679 | $5,943,245 |
New Haven Country Club Corp Hamden, CT | $8,622,311 | $5,439,965 |
Womens Tennis Benefit Association Inc North Reading, MA | $145,348,464 | $3,190,187 |
Newport Country Club Newport, RI | $9,488,467 | $3,580,356 |