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 12/2023, Asociacion Benefica Hijos DE Borinquen Inc generated $30.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $30.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
ORGANIZATION HAS DONATED MONEY TO VARIOUS GROUPS AND HELPED OVER A HUNDRED PEOPLE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Enelyn Ferreira President | 15 | $0 | |
Luis Dejesus Vice President | 10 | $0 | |
Nelson Franco Trasurer | 10 | $0 | |
Danielle Ferreira Secretary | 15 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $570 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $29,683 |
Total Revenue | $30,253 |
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 | $200 |
Occupancy, rent, utilities, and maintenance | $9,348 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $21,395 |
Total expenses | $30,943 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $10,630 |
Other assets | $0 |
Total assets | $130,446 |
Total liabilities | $0 |
Net assets or fund balances | $130,446 |