Young Pannese Social Club
- Assets
- $316.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 02/1981
- Data as of
- 12/2022
- EIN
- 05-0387661
Organization Overview
Young Pannese Social Club is located in Providence, RI. The organization was established in 1981. 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. Young Pannese Social Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Young Pannese Social Club generated $63.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $50.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
THE SOCIAL CLUB HOLDS VARIOUS DINNER AND RECREATIONAL EVENTS FOR ITS MEMBERS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Patrone President | 1 | $0 | |
David Fuller Secretary | 1 | $0 | |
Gerald Couillard Treasurer | 1 | $0 | |
Robert Distefano Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $38,925 |
| Membership dues | $2,910 |
| Investment income | $21,614 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,449 |
| 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 | $198 |
| Occupancy, rent, utilities, and maintenance | $12,012 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,603 |
| Total expenses | $50,813 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $104,026 |
| Other assets | $0 |
| Total assets | $316,919 |
| Total liabilities | $2,938 |
| Net assets or fund balances | $313,981 |