Ivy Leaf Assn Inc
- Assets
- $196.3k
- Revenue
- $60.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Reading, PA
- Founding
- 06/1942
- Data as of
- 12/2022
- EIN
- 23-0727300
Organization Overview
Ivy Leaf Assn Inc is located in Reading, PA. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Ivy Leaf Assn Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivy Leaf Assn 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, Ivy Leaf Assn Inc generated $60.0k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $73.0k during the year ending 12/2022. 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
TO ENCOURAGE AND FOSTER AMONG IT'S MEMBERS A SPIRIT OF SELF IMPROVEMENT, MORAL AND LITERARY. TO CONDUCT A CLUB PROVIDING REFRESHMENTS, ENTERTAINMENT, AND SOCIAL DIVERSION FOR IT'S MEMBERS. IN ADDITION, TO PROVIDE DEATH BENEFIT PAYMENTS TO BENEFICIAL MEMBER'S DESIGNATED BENEFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Weber President | Officer | 1 | $0 |
Terinda Stufflet Vice President | Officer | 1 | $0 |
Brian Gilbert Recording Secretary | Officer | 2 | $0 |
Mark Stufflet Recording Secretary | Officer | 2 | $0 |
Jon P Storch Treasurer | Officer | 20 | $0 |
Johnny Oyola Trustee | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,477 |
| 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 | $1,477 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $810 |
| Net Income from Gaming Activities | $30,509 |
| Net Income from Sales of Inventory | $27,222 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,018 |
| 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 | $800 |
| Compensation of current officers, directors, key employees. | $1,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,901 |
| Advertising and promotion | $0 |
| Office expenses | $205 |
| Information technology | $180 |
| Royalties | $0 |
| Occupancy | $26,459 |
| 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 | $327 |
| Insurance | -$86 |
| All other expenses | $1,271 |
| Total functional expenses | $72,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,334 |
| Savings and temporary cash investments | $0 |
| 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 | $5,330 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,643 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,307 |
| 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 | $196,307 |
| 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 | $196,307 |
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