Friends Of Olib Charity Inc
- Assets
- $35.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2002
- Data as of
- 12/2020
- EIN
- 13-4041643
Organization Overview
Friends Of Olib Charity Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Olib Charity 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 12/2020, Friends Of Olib Charity Inc generated $13.1k 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 (9.6%) each year. All expenses for the organization totaled $19.4k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HAS BEEN ESTABLISHED PRIMARILY FOR THE RESTORATION OF CHURCHES IN CROATIA, THE CONGREGATION OF OLIB. CONTRIBUTIONS WILL ALSO BE MADE TO THE POOR AND DISTRESSED SUCH AS THE CROATION CATHOLIC MISSION AND TO CONVENTS IN CROATIA. THE PERCENTAGE OF TIME WILL VARY, HOWEVER IT IS ANTICIPATED THAT APPROXIMATELY 75% OF THE EFFORTS WILL BE DEDICATED TO SOLICITATION OF CONTRIBUTIONS AS THERE IS NO COST ASSOCIATED WITH THAT PROCESS. THE BALANCE OF THE TIME WILL BE SPENT HOLDING DANCES AND SIMILAR FUNCTIONS. THE ACTIVITIES WILL BE CONDUCTED BY THE BOARD OF DIRECTORS, THEIR FAMILIES AND ANY OTHER VOLUNTEERS WHO ARE WILLING TO DONATE TIME. THE ACTIVITIES FURTHER THE EXEMPT PURPOSE AS THE PROCEEDS WILL BE DIRECTED TOWARD THE RESTORATION OF CHURCHES, FINANCIAL RELIEF OF THE POOR, UNDER PRIVILIGED AND WILL ASSIST IN PRESERVING THE HISTORICAL AND CULTURAL HERITAGE OF CROATIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damir Radov President | 3 | $0 | |
Ante Kleva Vice President | 3 | $0 | |
Stanko Boncic Secretary | 3 | $0 | |
Vlatko Boncic Asst Treasurer | 3 | $0 | |
John Gasparic Treasurer | 3 | $0 | |
Ruza Kleva Controller | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,095 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,096 |
| 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 | $700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,717 |
| Total expenses | $19,417 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,252 |
| Other assets | $0 |
| Total assets | $35,252 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,252 |
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