Polish Falcons Of America
- Assets
- $869.3k
- Revenue
- $153.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Mount Pleasant, PA
- Founding
- 12/1940
- Data as of
- 12/2022
- EIN
- 25-0702788
Organization Overview
Polish Falcons Of America is located in Mount Pleasant, PA. The organization was established in 1940. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Polish Falcons Of America is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2022, Polish Falcons Of America generated $153.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $133.8k during the year ending 12/2022. While expenses have increased by 1.0% 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
ORGANIZATION IS DOMESTIC FRATERNAL ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION IS A DOMESTIC FRATERNAL SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph G Gorecki Financial Sec | Officer | 20 | $0 |
Joseph S Drag Treasurer | Officer | 15 | $0 |
Ronald Mondock Jr Secretary | Officer | 8 | $0 |
Joseph Vivian President | Officer | 15 | $0 |
Brian W Welc V President | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,790 |
| 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 | $4,790 |
| Total Program Service Revenue | $0 |
| Investment income | $6,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,611 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $2,958 |
| Net Income from Sales of Inventory | $135,850 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,889 |
| 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 | $460 |
| Compensation of current officers, directors, key employees. | $5,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,020 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,797 |
| Fees for services: Accounting | $545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,896 |
| Advertising and promotion | $16,741 |
| Office expenses | $224 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,160 |
| Payments to affiliates | $120 |
| Depreciation, depletion, and amortization | $18,382 |
| Insurance | $7,524 |
| All other expenses | $1,176 |
| Total functional expenses | $133,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,027 |
| Savings and temporary cash investments | $51,517 |
| 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 | $22,684 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $555,012 |
| Investments—publicly traded securities | $107,593 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,452 |
| Other assets | $0 |
| Total assets | $869,285 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $388,420 |
| Paid-in or capital surplus, or land, building, or equipment fund | $213,332 |
| Retained earnings, endowment, accumulated income, or other funds | $267,533 |
| Total liabilities and net assets/fund balances | $869,285 |