Lucky Star Athletic Association is located in Reading, PA. The organization was established in 1960. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Lucky Star Athletic Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucky Star Athletic Association 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, Lucky Star Athletic Association generated $135.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $114.5k 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
YOUTH SPORTS PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS YOUTH AGE SPORTS TEAMSAND CONTRIBUTES TO CHARITABLE ORGANIZATIONS. ANNUAL CHILDRENS CHRISTMAS PARTY, EASTER EGG HUNTAND OTHER ENTERTAINMENT ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff Grim Bldg Trustee | Officer | 1 | $0 |
Krista Biscanti Treasurer | Officer | 2 | $0 |
Ron Gaul Bar Trustee | Officer | 1 | $0 |
Ronald Garl President | Officer | 1 | $0 |
Carla J Hoover Recording Secretary | Officer | 1 | $0 |
Diane Jablonski Vice Pres | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $2,829 |
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 | $2,829 |
Total Program Service Revenue | $0 |
Investment income | $54 |
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 | $14,604 |
Net Income from Sales of Inventory | $41,025 |
Miscellaneous Revenue | $0 |
Total Revenue | $135,215 |
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 | $44,546 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $4,710 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,000 |
Fees for services: Accounting | $2,400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $67 |
Office expenses | $501 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $22,908 |
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 | $4,604 |
Insurance | $4,333 |
All other expenses | $5,212 |
Total functional expenses | $114,529 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $158,717 |
Savings and temporary cash investments | $178,410 |
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 | $17,330 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $12,250 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $366,707 |
Accounts payable and accrued expenses | $2,589 |
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 | $4,979 |
Other liabilities | $0 |
Total liabilities | $7,568 |
Net assets without donor restrictions | $359,139 |
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 | $366,707 |
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