Gong Club Inc
- Assets
- $449.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jersey City, NJ
- Founding
- 05/1991
- Data as of
- 12/2022
- EIN
- 22-2966618
Organization Overview
Gong Club Inc is located in Jersey City, NJ. The organization was established in 1991. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Gong Club 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 12/2022, Gong Club Inc generated $87.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $77.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Conni Spellman President | 10 | $0 | |
Patrick Spellman Vice President | 10 | $0 | |
Paul Schaetzle Treasurer | 20 | $0 | |
Thomas Torre Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,718 |
| Total Program Service Revenue | $0 |
| Membership dues | $684 |
| Investment income | $11,615 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,017 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $59,347 |
| Printing, publications, postage, and shipping | $1,831 |
| Other expenses | $15,904 |
| Total expenses | $77,082 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $449,355 |
| Other assets | $0 |
| Total assets | $449,355 |
| Total liabilities | $0 |
| Net assets or fund balances | $449,355 |