Sokol Usa
- Assets
- $1.7m
- Revenue
- $104.0k
- Investments
- $42.7k
- Employees
- 0
- Location
- Boonton, NJ
- Founding
- 10/1972
- Data as of
- 12/2021
- EIN
- 22-1287847
Organization Overview
Sokol Usa is located in Boonton, NJ. The organization was established in 1972. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sokol USA is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Sokol USA generated $104.0k 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 (8.6%) each year. All expenses for the organization totaled $95.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SOKOL U.S.A. IS TO PROMOTE A SOUND BODY THROUGH PHYSICAL,CULTURAL, MORAL AND EDUCATIONAL DEVELOPMENT OF ITS MEMBERS AS WELL AS PROVIDING SOCIAL AND FRATERNAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING GYMNASTIC PROGRAMS,SPORTS PROGRAMS,SAFETY GUIDLINES,CULTURAL AND DEVELOPMENT PROGRAMS TO ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Bohon Fraternal Secretary And Cf | Officer | 2 | $6,000 |
Joseph Bielecki President | OfficerTrustee | 2 | $4,727 |
Christine Yatchyshyn Co-Director Sports Fitness | Trustee | 1 | $3,808 |
Todd Yatchyshyn Co-Director Sports Fitness | Trustee | 1 | $3,200 |
Arthur Burkhardt Treasurer | OfficerTrustee | 1 | $2,511 |
Scott Pracko Vice Pres | OfficerTrustee | 1 | $1,838 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,740 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,740 |
| Total Program Service Revenue | $0 |
| Investment income | $69,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,980 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,795 |
| Advertising and promotion | $4,169 |
| Office expenses | $2,655 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,250 |
| Travel | $400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,594 |
| All other expenses | $5,882 |
| Total functional expenses | $94,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $1,646,640 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $42,713 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,689,453 |
| 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 | $1,689,453 |
| 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 | $1,689,453 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Jersey State Policemens Benevolent Association Woodbridge, NJ | $43,741,775 | $9,143,506 |
Serb National Federation Pittsburgh, PA | $50,402,981 | $6,645,334 |
Fraternal Order Of Police Philadelphia, PA | $3,187,559 | $6,876,497 |
Providence Assn Of Ukrainian Catholics Of Amer Philadelphia, PA | $55,075,663 | $6,983,514 |
Polish Falcons Of America Pittsburgh, PA | $40,676,015 | $5,977,879 |
New York Shipping Assn Inc-Prt Plce &grds Union Nysa-Ppgu Wlfr Fnd&pln Bayonne, NJ | $42,517 | $4,741,509 |
Artisans Order Of Mutual Protection Most Excellent Assembly Philadelphia, PA | $35,098,692 | $3,365,313 |
Baptist Life Association Buffalo, NY | $26,375,481 | $2,107,362 |
Polish Beneficial Association Philadelphia, PA | $0 | $2,210,610 |
Polish National Union Of America Scranton, PA | $26,639,305 | $1,860,414 |
Workmens Benefit Fund Of The Usa Farmingdale, NY | $32,234,577 | $2,051,376 |
International Association Of Machinists & Aerospace Workers Lyndhurst, NJ | $1,709,980 | $1,824,582 |