Asociacion Benefica Hijos De Borinquen Inc
- Assets
- $140.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Chicago, IN
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 35-1955305
Organization Overview
Asociacion Benefica Hijos De Borinquen Inc is located in East Chicago, IN. The organization was established in 2005. 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. Asociacion Benefica Hijos DE Borinquen Inc 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, Asociacion Benefica Hijos DE Borinquen Inc generated $20.3k 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 (12.7%) each year. All expenses for the organization totaled $56.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Enelyn Ferreira President | 15 | $0 | |
Luis Dejesus Vice President | 10 | $0 | |
Nelson Franco Treasurer | 10 | $0 | |
Danielle Ferreira Secretary | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,124 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,915 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $17,282 |
| Total Revenue | $20,321 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $18,218 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,680 |
| Total expenses | $56,898 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,278 |
| Other assets | $0 |
| Total assets | $140,094 |
| Total liabilities | $6,089 |
| Net assets or fund balances | $134,005 |
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