Monaca Turn Verein
- Assets
- $1.1m
- Revenue
- $462.0k
- Investments
- $0.0
- Employees
- 40
- Location
- Monaca, PA
- Founding
- 09/1940
- Data as of
- 12/2023
- EIN
- 25-0671860
Organization Overview
Monaca Turn Verein is located in Monaca, PA. The organization was established in 1940. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Monaca Turn Verein employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monaca Turn Verein is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Monaca Turn Verein generated $462.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $401.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF SPORTS AND SOCIAL ACTIVITIES FOR ALL MEMBERS OF THE CLUB. GYMNASTIC FOR MEMBERS AND NON-MEMBERS. RAQUETBALL CLASSES FOR MEMBERS AND PENN STATE UNIVERSITY(BEAVER) STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RACQUETBALL
GYMNASTICS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Makowiecki Trustee | OfficerTrustee | 20 | $7,150 |
Mark Hill Trustee | Trustee | 5 | $0 |
Bob Dusold Trustee | Trustee | 20 | $6,470 |
Robert Nalli Trustee | Trustee | 5 | $0 |
Joshua Cron Trustee | Trustee | 5 | $0 |
Arthur F Buffington President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,263 |
| 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 | $17,263 |
| Total Program Service Revenue | $174,707 |
| Investment income | $10,569 |
| 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 | $53,662 |
| Net Income from Sales of Inventory | $194,388 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $462,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $72,489 |
| Compensation of current officers, directors, key employees. | $49,229 |
| Compensation to disqualified persons | $99,893 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,400 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $624 |
| Office expenses | $3,965 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $33,605 |
| Insurance | $35,576 |
| All other expenses | $6,344 |
| Total functional expenses | $401,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,971 |
| Savings and temporary cash investments | $578,099 |
| 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 | $4,203 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $280,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,085,743 |
| Accounts payable and accrued expenses | $1,497 |
| 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 | $1,497 |
| 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 | $1,084,246 |
| Total liabilities and net assets/fund balances | $1,085,743 |