American Italian Club
- Assets
- $89.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Aliquippa, PA
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 25-1837799
Organization Overview
American Italian Club is located in Aliquippa, PA. The organization was established in 2001. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Italian 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, American Italian Club generated $30.5k 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 (5.2%) each year. All expenses for the organization totaled $21.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SOCIAL ACTIVITIES FOR MEMBERS AND GUEST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Palombo Sec/treas | 1 | $0 | |
Dan David Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,180 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,700 |
| Other Revenue | $0 |
| Total Revenue | $30,457 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,300 |
| Occupancy, rent, utilities, and maintenance | $15,782 |
| Printing, publications, postage, and shipping | $1,462 |
| Other expenses | $1,182 |
| Total expenses | $21,726 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,155 |
| Other assets | $0 |
| Total assets | $89,874 |
| Total liabilities | $0 |
| Net assets or fund balances | $89,874 |
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