Portuguese Cultural Center Inc
- Assets
- $2.8m
- Revenue
- $266.3k
- Investments
- $0.0
- Employees
- 23
- Location
- Danbury, CT
- Founding
- 02/2001
- Data as of
- 06/2021
- EIN
- 06-1535876
Organization Overview
Portuguese Cultural Center Inc is located in Danbury, CT. The organization was established in 2001. 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 06/2021, Portuguese Cultural Center Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portuguese Cultural Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Portuguese Cultural Center Inc generated $266.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $463.1k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE, DEVELOP, SPONSOR, AND PROMOTE PUBLIC INTEREST, AWARENESS, APPRECIATION, AND UNDERSTANDING OF THE CULTURE, ARTS, AND LANGUAGE OF PORTUGAL.
Describe the Organization's Program Activity:
PROVIDE SCHOLARSHIPS TO COLLEGE STUDENTS OF PORTUGUESE HERITAGE.
PROVIDE AN OPPORTUNITY FOR LOCAL ATHLETES TO DEVELOP THEIR SPORTS SKILLS THROUGH PARTICIPATION IN VARIOUS SPORTS COMPETITIONS.
TO PARTICIPATE AND ENJOY MUSCIAL INSTRUMENTS DURING CULTURAL FESTIVALS
GROSS PROFIT OF RESTAURANT AND CATERING HALL OPERATIONS FOR MEMBERS AND FACILITIES AND OTHER EXPENSES PROVIDED FOR MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre Magro President | OfficerTrustee | 5 | $0 |
Marco Violante Treasurer | OfficerTrustee | 5 | $0 |
Andre Morais Vice President | OfficerTrustee | 5 | $0 |
Ruben Morais Secretary | OfficerTrustee | 5 | $0 |
Lily Novak Co-Chair - Arts & Entertai | Trustee | 1 | $0 |
Rui Ribeiro Chairperson - Membership C | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76,978 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,768 |
| Total Program Service Revenue | $16,078 |
| Investment income | $251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,855 |
| Net Income from Fundraising Events | $67,408 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$11,193 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,500 |
| 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 | $22,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $72 |
| Office expenses | $8,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,335 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,728 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,552 |
| Insurance | $71,787 |
| All other expenses | $1,383 |
| Total functional expenses | $463,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,230 |
| Savings and temporary cash investments | $36,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,554 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,417 |
| Prepaid expenses and deferred charges | $1,244 |
| Net Land, buildings, and equipment | $2,597,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,796,342 |
| Accounts payable and accrued expenses | $37,342 |
| Grants payable | $0 |
| Deferred revenue | $9,546 |
| 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 | $549,953 |
| Unsecured mortgages and notes payable | $111,265 |
| Other liabilities | $41,460 |
| Total liabilities | $749,566 |
| Net assets without donor restrictions | $2,046,776 |
| 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 | $2,796,342 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epoch Times Association Inc New York, NY | $35,086,092 | $121,545,102 |
The American Ireland Fund Boston, MA | $28,715,910 | $22,675,949 |
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |
Circle Lodge-Camp Kinder Ring Of The Workmens Circle Incorporated Hopewell Junction, NY | $6,012,413 | $4,542,835 |