Newport Home Association Inc
- Assets
- $289.7k
- Revenue
- $296.4k
- Investments
- $0.0
- Employees
- 28
- Location
- Newport, PA
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 05-0589401
Organization Overview
Newport Home Association Inc is located in Newport, PA. The organization was established in 1946. 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 12/2022, Newport Home Association Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport Home Association 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, Newport Home Association Inc generated $296.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $242.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE BELOW: THE HOME ASSOCIATION AS A SOCIAL CLUB PROVIDES SOCIAL, RECREATIONAL, FELLOWSHIPAND OTHER SUPPORT TO THE AMERICAN LEGION POST ORGANIZATION MEMBERS ITS AFFILIATED ORGANIZATIONS AND SOCIAL MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES SOCIAL, RECREATIONAL, FELLOWHIP AND OTHER SUPPORT TO THE AMERICAN LEGION POST ORGANIZATION MEMBERS AND ITS AFFILIATED ORGANIZATIONS AND SOCIAL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Leiby President | Officer | 20 | $0 |
Chris Gross Sr.vice President | Officer | 20 | $0 |
Clifford Boyer IV Jr. Vice President | Officer | 10 | $0 |
Andrea B Ortiz-Boyer Treasurer | Officer | 20 | $0 |
Daniel Reichert 1st Year Trustee | Trustee | 10 | $0 |
Jan Seiders 2nd Year Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,675 |
| Fundraising events | $0 |
| Related organizations | $1,155 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,056 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,886 |
| Total Program Service Revenue | $427 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $300 |
| Net Gain/Loss on Asset Sales | $2,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $182,480 |
| Net Income from Sales of Inventory | $70,075 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $296,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,244 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,446 |
| Advertising and promotion | $2,276 |
| Office expenses | $4,692 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,846 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $75,857 |
| Depreciation, depletion, and amortization | $12,169 |
| Insurance | $0 |
| All other expenses | $71,753 |
| Total functional expenses | $242,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,882 |
| Savings and temporary cash investments | $158,557 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $31,296 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $289,735 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,544 |
| Total liabilities | $11,544 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $278,191 |
| Total liabilities and net assets/fund balances | $289,735 |