Italian-American Club Of Edison Inc
- Assets
- $29.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edison, NJ
- Founding
- 04/1956
- Data as of
- 12/2022
- EIN
- 22-6065332
Organization Overview
Italian-American Club Of Edison Inc is located in Edison, NJ. The organization was established in 1956. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Italian-American Club Of Edison 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, Italian-American Club Of Edison Inc generated $47.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $39.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 8 years. 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
2022
Describe the Organization's Program Activity:
Part 3
VOLUNTEER TIME AND FUNDS TO LOCAL ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Passaro Pres | 30 | $0 | |
Ronnie Ratoff Vp/treas | 24 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $7,500 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,200 |
| Other Revenue | $31,750 |
| Total Revenue | $47,750 |
| 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 | $38,500 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,200 |
| Total expenses | $39,700 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,150 |
| Other assets | $0 |
| Total assets | $29,170 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,170 |