Italian American Club Of Olyphant
- Assets
- $238.4k
- Revenue
- $82.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Olyphant, PA
- Founding
- Data as of
- 12/2022
- EIN
- 30-0629256
Organization Overview
Italian American Club Of Olyphant is located in Olyphant, PA. As of 12/2022, Italian American Club Of Olyphant employed 3 individuals. Italian American Club Of Olyphant is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Italian American Club Of Olyphant generated $82.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $60.4k during the year ending 12/2022. 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
SOCIAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ROOMS FOR ITS MEMBERS TO MEET, SOCIALIZE, AND HELP SUPPORT VARIOUS TOWN FUNCTIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene V Sadavage Steward/treasurer | Officer | 8 | $4,680 |
Albert Luchetti President | Officer | 6 | $0 |
Julio Collarini Vice President | Officer | 3 | $0 |
Gerald Curcerello Secretary | Officer | 7 | $0 |
Mike Gazella Director | 3 | $0 | |
Ed Nicholas Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,604 |
| 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 | $3,604 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$118 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $4,788 |
| Net Income from Sales of Inventory | $27,734 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,915 |
| 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. | $12,229 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,450 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,915 |
| Office expenses | $4,801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,176 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,371 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,153 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $60,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,767 |
| Savings and temporary cash investments | $0 |
| 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 | $12,073 |
| Prepaid expenses and deferred charges | $2,910 |
| Net Land, buildings, and equipment | $180,690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $238,440 |
| Accounts payable and accrued expenses | $4,437 |
| 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 | $26,339 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,776 |
| Net assets without donor restrictions | $207,664 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $238,440 |
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