The University Club Inc is located in State College, PA. The organization was established in 1941. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2021, University Club Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, University Club Inc generated $83.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $138.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE DIVERSITY, SCHOLARSHIP, FRIENDSHIP, SOCIAL INTERACTION AMONG MEMBERS
Describe the Organization's Program Activity:
Part 3
PROMOTE DIVERSITY, SCHOLARSHIP, FRIENDSHIP, SOCIAL INTERACTION AMONG MEMBERS
PROVIDE ROOM AND BOARD FOR MEMBERS LIVING IN FACILITY
PROVIDE SOCIAL ACTIVITIES FOR MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Collins President | 30 | $0 | |
Douglas Albert Vice Presidentvice Presiden | 2 | $0 | |
Mark Koschny Treasurer | 2 | $0 | |
Mary O'neill Secretary | 2 | $0 | |
Victoria Fong Director | 2 | $0 | |
On-Cho Ng Director | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $73,438 |
Membership dues | $8,940 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $1,361 |
Total Revenue | $83,739 |
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 | $18,529 |
Occupancy, rent, utilities, and maintenance | $63,391 |
Printing, publications, postage, and shipping | $998 |
Other expenses | $55,597 |
Total expenses | $138,515 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $352,459 |
Other assets | $0 |
Total assets | $355,819 |
Total liabilities | $499,416 |
Net assets or fund balances | -$143,597 |