Sport Club Portugues Inc is located in Newark, NJ. The organization was established in 1949. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Sport Club Portugues Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sport Club Portugues 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, Sport Club Portugues Inc generated $347.0k 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 (12.7%) each year. All expenses for the organization totaled $356.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT #1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A SOCIAL CLUB, DANCES, FOLKLORE FESTIVALS AND SOCIAL ACTIVITIES TO ITS MEMBERS
THE ORGANIZATION OPERATES A SCHOOL PROVIDING FOREIGN LANGUAGE AND CULTURAL INSTRUCTION TO ABOUT 125 MEMBERS
THE ORGANIZATION ALSO PROVIDES VARIOUS SPORTS ACTIVITIES TO ITS MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Luis Nobre President | OfficerTrustee | 10 | $0 |
Nuno Ferreira Vice President | OfficerTrustee | 5 | $0 |
Jack Ferreira Vice-President | OfficerTrustee | 5 | $0 |
Bruno Costa Vice-President | OfficerTrustee | 5 | $0 |
Vivanne Antunes Treasurer | OfficerTrustee | 5 | $0 |
Rita Costa Secretary | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,360 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $55,430 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $58,790 |
Total Program Service Revenue | $252,205 |
Investment income | $5,840 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $30,211 |
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 | $347,046 |
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 | $58,929 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $26,593 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,200 |
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 | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $38,167 |
Insurance | $28,594 |
All other expenses | $167,180 |
Total functional expenses | $356,508 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $483,950 |
Savings and temporary cash investments | $238,176 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,630 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $19,862 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,070,039 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,815,657 |
Accounts payable and accrued expenses | $80,671 |
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 | $79,219 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $159,890 |
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 | $1,655,767 |
Total liabilities and net assets/fund balances | $1,815,657 |
Over the last fiscal year, we have identified 3 grants that Sport Club Portugues Inc has recieved totaling $19,550.
Awarding Organization | Amount |
---|---|
Laborers International Union Of North America Newark, NJ PURPOSE: GENERAL SUPPORT | $13,550 |
Manuel And Maria Teixeira Family Foundation Inc Mountainside, NJ PURPOSE: DONATION | $5,000 |
Kean Foundation Inc Parsippany, NJ PURPOSE: UNRESTRICTED | $1,000 |
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