Italian American Progressive Club
- Assets
- $213.5k
- Revenue
- $134.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Bradford, PA
- Founding
- 12/1963
- Data as of
- 12/2021
- EIN
- 25-0570940
Organization Overview
Italian American Progressive Club is located in Bradford, PA. The organization was established in 1963. 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, Italian American Progressive Club employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Italian American Progressive Club 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, Italian American Progressive Club generated $134.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $117.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) 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
TO PROVIDE A MEETING PLACE WHERE ITS MEMBERS MAY CONGREGATE FOR SOCIAL INTERCOURSE AND THE ENJOYMENT OF INNOCENT GAMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF RECREATIONAL AND DINING FACILITIES FOR MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Monago President | OfficerTrustee | 28 | $14,560 |
Joseph Leo Treasurer | OfficerTrustee | 24 | $5,760 |
James Decasper Trustee | Trustee | 8 | $0 |
Steve Schiappa Asst. Treasurer | OfficerTrustee | 8 | $0 |
Steve Campogiani Secretary | OfficerTrustee | 8 | $0 |
Louis Luzzi Assist Secretar | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $6,555 |
| Investment income | $141 |
| 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 | $19,368 |
| Net Income from Sales of Inventory | $104,528 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,588 |
| 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. | $20,320 |
| Compensation of current officers, directors, key employees. | $20,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,570 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,545 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,285 |
| 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 | $3,761 |
| Insurance | $6,381 |
| All other expenses | $444 |
| Total functional expenses | $117,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,892 |
| Savings and temporary cash investments | $140,993 |
| 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 | $5,539 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $213,483 |
| Accounts payable and accrued expenses | $528 |
| 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 | $65,500 |
| Other liabilities | $1 |
| Total liabilities | $66,029 |
| 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 | $147,454 |
| Total liabilities and net assets/fund balances | $213,483 |
Grants Awarded
Over the last fiscal year, Italian American Progressive Club has awarded $20,452 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UPB PURPOSE: GENERAL SUPPORT | $14,454 |
ITALIAN FESTIVAL COM PURPOSE: ANNUAL CELEBRATION/FIREWORKS | $5,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westchester Country Club Inc Rye, NY | $77,553,664 | $42,480,746 |
Yale Club Of New York City New York, NY | $50,588,779 | $20,944,634 |
Bethesda Country Club Inc Bethesda, MD | $26,747,430 | $19,774,534 |
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Pine Valley Golf Club Pine Valley, NJ | $27,464,552 | $15,641,646 |
Plainfield Country Club Edison, NJ | $20,539,827 | $10,734,974 |
Glen Ridge Country Club Glen Ridge, NJ | $4,315,456 | $11,200,681 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
North Jersey Country Club Inc Wayne, NJ | $12,240,984 | $10,758,532 |