Portuguese Sporting Club
- Assets
- $229.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Providence, RI
- Founding
- 11/1995
- Data as of
- 12/2023
- EIN
- 05-0267325
Organization Overview
Portuguese Sporting Club is located in Providence, RI. The organization was established in 1995. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Portuguese Sporting Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portuguese Sporting Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Portuguese Sporting Club generated $109.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $115.0k during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 9 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 Mission:
Part 3 - Line 1
TO PROMOTE PHYSICAL MORAL DEVELOPMENT IN ALL SPORTS.
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HAS PROMOTED SPORTS, ESPECIALLY SOCCER PROGRAMS FOR BOTH YOUTHS ADULTS THROUGHOUT THE AREA. IT HAS SPONSORED ENCOURAGED PHYSICAL, CULTURAL MORAL DEVELOPMENT.
ASSISTANCE IS GIVEN TO INDIVIDUALS AND VARIOUS CHARITABLE ORGANIZATIONS SUCH AS THE BOYS GIRLS CLUB, SENIOR CITIZENS AND SICK NEEDY MEMBERS. IN ADDITION, A SCHOLARSHIP IS GIVEN TO CHILDREN OF MEMBERS ONCE A YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Amaral President | 15 | $0 | |
Jose Garcia Treasurer | 20 | $0 | |
Lynn Mcelroy Secretary | 15 | $0 | |
Manuel Lemos Rec. Secretary | 2 | $0 | |
Joseph Sousa Financial Secretary | 2 | $0 | |
Joel Carinha Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,608 |
| Other Revenue | $100,198 |
| Total Revenue | $109,806 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,910 |
| Professional fees and other payments to independent contractors | $1,772 |
| Occupancy, rent, utilities, and maintenance | $38,344 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $54,022 |
| Total expenses | $115,048 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,860 |
| Other assets | $0 |
| Total assets | $229,418 |
| Total liabilities | $0 |
| Net assets or fund balances | $229,418 |