American Greek Catholic Beneficial Society
- Assets
- $273.7k
- Revenue
- $168.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Bradenville, PA
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 25-0319455
Organization Overview
American Greek Catholic Beneficial Society is located in Bradenville, PA. The organization was established in 1945. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2021, American Greek Catholic Beneficial Society employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Greek Catholic Beneficial Society 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, American Greek Catholic Beneficial Society generated $168.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $155.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) 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
EDUCATIONAL,FRATERNAL & SOCIAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Matrunick Fin. Secr. | OfficerTrustee | 40 | $52,135 |
John Hovance Treasurer | OfficerTrustee | 10 | $2,900 |
Edward Krinock President | OfficerTrustee | 20 | $9,214 |
John Leachman Vice-Pres. | OfficerTrustee | 0 | $0 |
Bill Wingard Director | Trustee | 0 | $0 |
Paul Siko Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,591 |
| 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 | $5,591 |
| Total Program Service Revenue | $0 |
| Investment income | $558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,181 |
| Net Income from Gaming Activities | $13,383 |
| Net Income from Sales of Inventory | $94,376 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,800 |
| 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. | $74,630 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,450 |
| 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 | $1,683 |
| Information technology | $740 |
| Royalties | $0 |
| Occupancy | $9,066 |
| 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 | $5,961 |
| Insurance | $10,943 |
| All other expenses | $10,777 |
| Total functional expenses | $155,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,454 |
| Savings and temporary cash investments | $77,673 |
| 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 | $8,154 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $96,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,213 |
| Total assets | $273,653 |
| Accounts payable and accrued expenses | $2,677 |
| 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 | $2,677 |
| 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 | $70,000 |
| Retained earnings, endowment, accumulated income, or other funds | $200,976 |
| Total liabilities and net assets/fund balances | $273,653 |
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