Foreign Commerce Club Of New York Inc
- Assets
- $7.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lebanon, NJ
- Founding
- 04/1970
- Data as of
- 07/2023
- EIN
- 11-1972109
Organization Overview
Foreign Commerce Club Of New York Inc is located in Lebanon, NJ. The organization was established in 1970. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foreign Commerce Club Of New York Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 07/2023, Foreign Commerce Club Of New York Inc generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $6.4k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (21.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
HELD HOLIDAY AND SPRING CONFERENCES TO BRING ABOUT BETTER ACQUAINTANCE AND FELLOWSHIP AMONG THOSE INTERESTED IN FOREIGN COMMERCE THROUGH LECTURES ON TRANSPORTATION AND HANDLING OF FOREIGN COMMERCE IN ALL PHASES. THE ORGANIZATION AFFORDS MEMBERS AND THEIR GUESTS AN EXCELLENT OPPORTUNITY FOR THE EXCHANGE OF IDEAS AND OPINIONS ON THE CONDUCT AND PROMOTION OF FOREIGN TRADE IN AND OUT OF THE NEW YORK AND TRI STATE AREA, AS WELL AS THE GENERAL BETTERMENT OF THE PORT OF NEW YORK AND HOMELAND SECURITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amadeo Pascale Treasurer | 2 | $0 | |
John O'brien President | 1 | $0 | |
Regina Terranova Chairman | 2 | $0 | |
Carl Varner Secretary | 2 | $0 | |
Christine Solorzano 1st Vice Pres. | 2 | $0 | |
Robert Astacio 3rd Vice Pres. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,200 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,047 |
| Other Revenue | $0 |
| Total Revenue | $6,247 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,850 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,517 |
| Total expenses | $6,367 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,151 |
| Other assets | $0 |
| Total assets | $7,151 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,151 |