Stanwix Veterans & Mens Club Inc
- Assets
- $427.4k
- Revenue
- $226.6k
- Investments
- $0.0
- Employees
- 18
- Location
- Rome, NY
- Founding
- 12/1977
- Data as of
- 12/2022
- EIN
- 16-0996169
Organization Overview
Stanwix Veterans & Mens Club Inc is located in Rome, NY. The organization was established in 1977. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Stanwix Veterans & Mens Club Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanwix Veterans & Mens Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Stanwix Veterans & Mens Club Inc generated $226.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $222.3k during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SOCIAL AND & RECREATIONAL CENTER FOR MEMBERS IN THE COMMUNITY, MAKING DONATIONS TO LOCAL CHARITABLE ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SOCIAL & RECREATIONAL CENTER FOR MEMBERS IN THE COMMUNITY MAKING DONATIONS TO LOCAL CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Armstrong President | OfficerTrustee | 2 | $1,250 |
Peter Vescio Vice President | OfficerTrustee | 8 | $3,000 |
Bruce Martin Secretary | OfficerTrustee | 8 | $4,500 |
Peter Smith Treasurer | OfficerTrustee | 10 | $3,000 |
Doug Roache Recording Secretary | OfficerTrustee | 4 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,129 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,805 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,000 |
| Net Income from Gaming Activities | $59,139 |
| Net Income from Sales of Inventory | $126,729 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,559 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $73,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $2,940 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,330 |
| 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 | $6,039 |
| Insurance | $9,079 |
| All other expenses | $0 |
| Total functional expenses | $222,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,586 |
| Savings and temporary cash investments | $12,063 |
| 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 | $4,636 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $376,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $427,370 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $427,370 |
| Total liabilities and net assets/fund balances | $427,370 |