Portuguese Cultural Center Inc
- Assets
- $3.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Danbury, CT
- Founding
- 02/2001
- Data as of
- 06/2022
- 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 06/2022, Portuguese Cultural Center Inc employed 19 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 06/2022, Portuguese Cultural Center Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $540.6k during the year ending 06/2022. While expenses have increased by 10.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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.
GROSS PROFIT OF RESTAURANT AND CATERING HALL OPERATIONS FOR MEMBERS AND FACILITIES AND OTHER EXPENSES PROVIDED FOR MEMBERS.
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Paula Rebelo President | OfficerTrustee | 5 | $0 |
Arlindo Augusto Vice President | OfficerTrustee | 5 | $0 |
Marco Violante Treasurer | OfficerTrustee | 5 | $0 |
Antonio Neves Secretary | OfficerTrustee | 5 | $0 |
Carlo Perry Chairperson - Arts & Enter | Trustee | 1 | $0 |
Jack Andrade Co-Chair - Arts & Entertai | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,456 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,752 |
| Total Program Service Revenue | $62,347 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $220,193 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $469,121 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,010,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,500 |
| 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 | $12,567 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,794 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,848 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,736 |
| Insurance | $55,421 |
| All other expenses | $2,654 |
| Total functional expenses | $540,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,287 |
| Savings and temporary cash investments | $36,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,235 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,000 |
| Prepaid expenses and deferred charges | $1,244 |
| Net Land, buildings, and equipment | $2,494,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,976,978 |
| Accounts payable and accrued expenses | $10,366 |
| Grants payable | $0 |
| Deferred revenue | $48,227 |
| 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 | $305,247 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $96,527 |
| Total liabilities | $460,367 |
| Net assets without donor restrictions | $2,516,611 |
| 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 | $2,976,978 |