Olympic Athletic Club
- Assets
- $735.7k
- Revenue
- $300.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Dubois, PA
- Founding
- 02/1953
- Data as of
- 12/2021
- EIN
- 25-0960458
Organization Overview
Olympic Athletic Club is located in Dubois, PA. The organization was established in 1953. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Olympic Athletic Club employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olympic Athletic 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, Olympic Athletic Club generated $300.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $251.0k during the year ending 12/2021. While expenses have increased by 1.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BROTHERHOOD AMONG THE MEMBERS AND TO CONTRIBUTE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE BROTHERHOOD AMONG THE MEMBERS AND TO CONTRIBUTE TO THE COMMUNITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Murray President | OfficerTrustee | 20 | $0 |
Richard Weichman Secretary Treasurer | OfficerTrustee | 20 | $0 |
Ron Cloak Vice President | OfficerTrustee | 5 | $0 |
James Williams Trustee | Trustee | 10 | $0 |
Edward Gilbert Trustee | Trustee | 10 | $0 |
Wayne London Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,805 |
| 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 | $4,805 |
| Total Program Service Revenue | $0 |
| Investment income | $20,257 |
| 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 | $157,483 |
| Net Income from Sales of Inventory | $117,537 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,082 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $299 |
| Office expenses | $1,177 |
| 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 | $0 |
| Insurance | $9,052 |
| All other expenses | $46,551 |
| Total functional expenses | $251,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,060 |
| Savings and temporary cash investments | $453,650 |
| 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 | $11,985 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $75,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $735,695 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $735,695 |
| Total liabilities and net assets/fund balances | $735,695 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maccabi Usa Inc Philadelphia, PA | $5,412,449 | $3,598,840 |
North East Keelboat Alliance Inc New York, NY | $546,569 | $1,214,171 |
Slovak Gymnastic Union Sokol Of The Usa National Headquarters Belle Vernon, PA | $169,378 | $413,714 |
Olympic Athletic Club Dubois, PA | $735,695 | $300,082 |
Steel City Rowing Corporation Verona, PA | $2,814,221 | $170,031 |
Columbus Curling Club Inc Columbus, OH | $550,772 | $308,031 |
Warren Olympic Club Inc Warren, OH | $111,221 | $0 |
Njyhl A New Jersey Nonprofit Corporation Morris Plains, NJ | $358,658 | $191,998 |
Nyc Pioneer Club Inc New York, NY | $162,940 | $274,388 |
Slovak Gymnastic Union Sokol Of The Usa Lodge 255 West Leechburg, PA | $424,203 | $0 |
Brooklyn Track Club Association Inc Brooklyn, NY | $70,857 | $0 |
Slovak Gymnastic Union Sokol Of The Usa Palmerton, PA | $12,204 | $0 |