Portugese Holy Ghost Society Inc Portugueses Club is located in Stonington, CT. The organization was established in 1943. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Portugese Holy Ghost Society Inc Portugueses Club employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portugese Holy Ghost Society Inc Portugueses 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 12/2021, Portugese Holy Ghost Society Inc Portugueses Club generated $215.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $202.5k during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE SOCIAL WELFARE OF MEMBERS/COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO LOCAL HIGH SCHOOL SENIORS
COURTYARD DINING- OPEN TO MEMBERS AND THE COMMUNITY.
CONTRIBUTIONS TO VARIOUS LOCAL CHARITIES AND NON PROFIT ORGANIZATIONS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Howard Taylor Vice President | Officer | 16 | $9,786 |
Tom Arruda President | Officer | 10 | $0 |
Mark Arruda Treasurer | Officer | 10 | $0 |
Charles Fellows Sargent At Arms | Officer | 10 | $0 |
Edd Pont Receiver | Officer | 10 | $0 |
Bill Dittman Secretary | Officer | 10 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $18,322 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $230 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $18,552 |
Total Program Service Revenue | $36,438 |
Investment income | $100 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $2,765 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $50,947 |
Net Income from Gaming Activities | $11,986 |
Net Income from Sales of Inventory | $94,519 |
Miscellaneous Revenue | $0 |
Total Revenue | $215,307 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
Grants and other assistance to domestic individuals. | $12,650 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $9,786 |
Compensation of current officers, directors, key employees. | $9,786 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $41,130 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $5,028 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,390 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $804 |
Advertising and promotion | $360 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $0 |
Depreciation, depletion, and amortization | $6,096 |
Insurance | $14,699 |
All other expenses | $9,582 |
Total functional expenses | $202,465 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,600 |
Savings and temporary cash investments | $145,515 |
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 | $5,000 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $280,633 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $200 |
Total assets | $434,948 |
Accounts payable and accrued expenses | $12,040 |
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 | $0 |
Total liabilities | $12,040 |
Net assets without donor restrictions | $422,908 |
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 | $0 |
Total liabilities and net assets/fund balances | $434,948 |
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