Polish Falcons Of America 88 Nest
- Assets
- $2.4m
- Revenue
- $167.8k
- Investments
- $0.0
- Employees
- 4
- Location
- New Britain, CT
- Founding
- 12/1940
- Data as of
- 12/2023
- EIN
- 06-0496799
Organization Overview
Polish Falcons Of America 88 Nest, operating under the name Falcon Club, is located in New Britain, CT. The organization was established in 1940. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Falcon Club employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Falcon Club is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2023, Falcon Club generated $167.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 55.6% each year . All expenses for the organization totaled $146.3k during the year ending 12/2023. While expenses have increased by 3.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE POLISH FALCONS, NEST 88 IS A POLISH-AMERICAN FRATERNAL ORGANIZATION THAT PROVIDES SOCIAL, CULTURAL, EDUCATIONAL AND PHYSICAL ACTIVITIES THAT SUPPORT OUR POLISH HERITAGE FOR ITS MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO THE CT BREAST HEALTH INITIATIVE, POLISH LANGUAGE SCHOOL, POLISH AMERICAN CONGRESS, AND THE NEST 88 SCHOLARSHIP PROGRAM.
PROMOTING AND MAINTAINING ATHLETIC PROGRAMS WITHIN OUR ORGANIZATION, AS WELL AS THE LOCAL COMMUNITY. FOR EXAMPLE, SPONSORSHIP IN THE CT SOCCER LEAGUE, THROUGH THE FALCONS ACADEMIC AND ATHLETIC ASSOCIATION, CITY OF NEW BRITAIN AFTER SCHOOL PROGRAM, PFA DISTRICT V BOWLING TOURNAMENT, AND THE NEST 88 SKI/GOLF CLUB, TABLE TENNIS AND RUNNING CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Kozakiewicz Permittee | Officer | 27 | $15,570 |
John V Rogalewski Treasurer | Officer | 12 | $3,000 |
Zbigniew Bogacki President | Officer | 12 | $2,500 |
Tadeusz Wojton Vice President I | Officer | 12 | $1,600 |
Zofia Galaszewski Recording Secretary | Officer | 6 | $800 |
Stanley Rembisz Sports Instructor | Officer | 4 | $200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,670 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,620 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,044 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,728 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $110,402 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,818 |
| 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 | $1,817 |
| Compensation of current officers, directors, key employees. | $17,750 |
| Compensation of current officers, directors, key employees. | $4,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,074 |
| Advertising and promotion | $0 |
| Office expenses | $7,171 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,399 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,161 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,940 |
| Insurance | $1,071 |
| All other expenses | $0 |
| Total functional expenses | $146,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,087 |
| Savings and temporary cash investments | $9,094 |
| 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 | $8,200 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,332,774 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,396,155 |
| Accounts payable and accrued expenses | $83,154 |
| 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 | $811,111 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,000 |
| Total liabilities | $912,265 |
| 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 | $1,483,890 |
| Total liabilities and net assets/fund balances | $2,396,155 |