Penguin Club
- Assets
- $2.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Youngstown, OH
- Founding
- 07/1974
- Data as of
- 06/2022
- EIN
- 23-7301468
Organization Overview
Penguin Club is located in Youngstown, OH. The organization was established in 1974. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Penguin Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penguin Club 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 06/2022, Penguin Club generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $873.9k during the year ending 06/2022. While expenses have increased by 8.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE PENGUIN CLUB IS AN INDEPENDENT, AUTONOMOUS, NON-PROFIT CORPORATION THAT PURSUES, MANAGES, AND DISTRIBUTES RESOURCES PRIMARILY TO SUPPORT THE YOUNGSTOWN STATE UNIVERSITY STUDENT ATHLETE SCHOLARSHIP FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS ARE USED TO SUPPORT ATHLETIC PROGRAMS AND THE PROMOTION OF YOUNGSTOWN STATE UNIVERSITY BY SPONSORING EVENTS, SCHOLARSHIPS, PUBLICATIONS, RECOGNITION DINNERS AND AWARDS, COACH AND ATHLETIC DIRECTOR ASSISTANCE AND OTHER MISCELLANEOUS ACTIVITIES RELATING TO SPORTS AND THE ATHLETIC DEPARTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Morrison Assoc. Executive Director | OfficerTrustee | 20 | $24,000 |
James Culcasi Treasurer | OfficerTrustee | 4 | $15,000 |
David Hinkle Assistant Director | OfficerTrustee | 1 | $0 |
Rick Fryda President | OfficerTrustee | 1 | $0 |
Dr Daryl Mincey Immediate Past President | OfficerTrustee | 1 | $0 |
Rich Denamen Second Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,129 |
| Fundraising events | $215,806 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,959 |
| Total Program Service Revenue | $352,024 |
| Investment income | $125,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $260,507 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,019,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $295,958 |
| Grants and other assistance to domestic individuals. | $297,941 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $39,000 |
| Compensation of current officers, directors, key employees. | $39,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,800 |
| Payroll taxes | $3,312 |
| Fees for services: Management | $13,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $4,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,386 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,714 |
| All other expenses | $696 |
| Total functional expenses | $873,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,472 |
| Savings and temporary cash investments | $989,619 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,570 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,743,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,873 |
| Total assets | $2,917,750 |
| Accounts payable and accrued expenses | $315,671 |
| 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 | $99,625 |
| Total liabilities | $415,296 |
| Net assets without donor restrictions | $2,502,454 |
| 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 | $2,917,750 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Penguin Club has recieved totaling $7,266.
| Awarding Organization | Amount |
|---|---|
Charles E And Alice B Schmutz Charitable Foundation St Louis, MO PURPOSE: GENERAL SUPPORT | $5,000 |
Premier Bank Foundation Canfield, OH PURPOSE: CHARITABLE | $1,250 |
Premier Bank Foundation Canfield, OH PURPOSE: SPONSORSHIP | $850 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $166 |
Endowment Analysis
| Beg. Balance | $1,904,664 |
| Earnings | -$306,309 |
| Net Contributions | $208,820 |
| Ending Balance | $1,807,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strada Education Network Inc Indianapolis, IN | $1,671,156,809 | $181,933,523 |
Cleveland Bakers Local No 19 Health And Welfare Fund Valley View, OH | $91,809,793 | $61,981,646 |
Pennsylvania Coalition Against Domestic Violence Harrisburg, PA | $12,880,221 | $39,594,971 |
Gateway Community Services West Liberty, KY | $5,832,121 | $17,974,926 |
Kiwanis International Inc Indianapolis, IN | $39,067,168 | $19,372,757 |
Council On Rural Service Programs Inc Piqua, OH | $7,966,043 | $16,270,478 |
Black Family Development Inc Detroit, MI | $6,518,578 | $15,660,429 |
Community Alliance Of The Far Eastside Inc Indianapolis, IN | $9,902,468 | $9,126,970 |
Free & Accepted Masons Of Michigan Alma, MI | $47,943,242 | $7,888,880 |
Catholic Social Services Of Washtenaw County Ann Arbor, MI | $4,777,711 | $6,106,159 |
Catholic Charities Regional Agency Youngstown, OH | $2,846,524 | $4,246,724 |
Rotary Charities Of Traverse City Traverse City, MI | $45,678,942 | $4,227,513 |