Cameron County Vets Club
- Assets
- $141.5k
- Revenue
- $202.7k
- Investments
- $30.1k
- Employees
- 13
- Location
- Emporium, PA
- Founding
- 10/1950
- Data as of
- 12/2021
- EIN
- 25-0947605
Organization Overview
Cameron County Vets Club is located in Emporium, PA. The organization was established in 1950. 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, Cameron County Vets Club employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cameron County Vets 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, Cameron County Vets Club generated $202.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $182.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) 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
VETERANS SOCIAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL ACTIVITIES OF VETERANS, VETERANS GUSTS AND OTHER MEMBERS-VFW ACTIVITIES, FOOD, BEVERAGES AND ENTERTAINMENTS WERE PROVIDED TO 334 ACTIVE MEMBERS, 322 SOCIAL MEMBERS, AND 193 AUXILARY MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Moscato President/cleaning | Officer | 27 | $16,132 |
Robert Foster Secretary/treasurer | Officer | 15 | $4,800 |
Steve Summerson Vice President | Officer | 2 | $0 |
Jim Pellam Director | Trustee | 1 | $0 |
Rob Young Director | Trustee | 1 | $0 |
Joseph Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,642 |
| 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 | $8,642 |
| Total Program Service Revenue | $22,168 |
| Investment income | $2,600 |
| 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 | $123,586 |
| Net Income from Sales of Inventory | $40,637 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,174 |
| 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. | $20,932 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,421 |
| Office expenses | $2,127 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,914 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,101 |
| Insurance | $10,614 |
| All other expenses | $1,260 |
| Total functional expenses | $182,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,816 |
| Savings and temporary cash investments | $11,812 |
| 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 | $4,700 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $84,075 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,115 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $141,518 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $111,403 |
| Retained earnings, endowment, accumulated income, or other funds | $30,115 |
| Total liabilities and net assets/fund balances | $141,518 |
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