Swiss Club Of Altoona
- Assets
- $695.2k
- Revenue
- $165.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Altoona, PA
- Founding
- 01/1944
- Data as of
- 12/2021
- EIN
- 23-1142961
Organization Overview
Swiss Club Of Altoona is located in Altoona, PA. The organization was established in 1944. 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, Swiss Club Of Altoona employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swiss Club Of Altoona is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Swiss Club Of Altoona generated $165.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $166.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS TO PROMOTE SOCIAL AND RECREATIONAL ACTIVITIES FOR ASSOCIATION MEMBERS OF SWISS DESCENT AND OTHER MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL ANNIVERSARY-THIS TWO DAY EVENT IS OPEN TO THE MEMBERS TO COME AND SOCIALIZE WITH THE OTHER MEMBERS AND CELEBRATE THE SWISS ANCESTRY.
GOLF OUTING-THIS ANNUAL EVENT IS ORGANIZED FOR THE MEMBERS TO GET TOGETHER TO RECREATE AND SOCIALIZE
DINNERS-THROUGHOUT THE YEAR THERE ARE DINNERS THAT ARE HELD AT THE CLUB FOR MEMBERS TO GET TOGETHER TO SOCIALIZE AND DISCUSS THE SWISS ANCESTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Elden Vice President | Officer | 5 | $12,890 |
Joseph F Becher President | Officer | 20 | $6,000 |
Amy Frances Stolz Treasurer | Officer | 30 | $4,800 |
Greg Stolz Trustee | Trustee | 5 | $4,698 |
Susan Lundberg Treasurer-Elect | Officer | 20 | $0 |
Janelle Shock Recording Secretary | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,464 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,414 |
| Total Program Service Revenue | $35,121 |
| Investment income | $6,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,663 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $43,069 |
| Net Income from Sales of Inventory | $55,215 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,559 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,624 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $13,602 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $130 |
| Office expenses | $900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,671 |
| 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 | $23,451 |
| Insurance | $8,022 |
| All other expenses | $30,160 |
| Total functional expenses | $166,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,041 |
| Savings and temporary cash investments | $240,893 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $1,500 |
| Net Land, buildings, and equipment | $450,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $695,193 |
| Accounts payable and accrued expenses | $1,903 |
| 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 | $1,903 |
| 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 | $693,290 |
| Total liabilities and net assets/fund balances | $695,193 |
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