Societa Di Mutuo Soccorsso Operaia Venta Venetian Club
- Assets
- $1.5m
- Revenue
- $682.0k
- Investments
- $0.0
- Employees
- 32
- Location
- Rockford, IL
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 36-1909878
Organization Overview
Societa Di Mutuo Soccorsso Operaia Venta Venetian Club, operating under the name Venetian Club, is located in Rockford, IL. The organization was established in 1998. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Venetian Club employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venetian Club is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Venetian Club generated $682.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $536.3k during the year ending 12/2021. While expenses have increased by 0.3% 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
THE ORGANIZATION PROMOTES GOOD FELLOWSHIP, SOCIAL RELATIONSHIPS AND THE EDUCTIONAL, SOCIAL, CHARITABLE, AND CIVIC ADVANCEMENT OF ITS MEMBERS. THE CLUB ALSO PROVIDES ITS MEMBERS WITH ACCESS TO SICK AND DEATH BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOSTED NUMEROUS SPECIAL EVENTS AND BANQUETS FOR ITS MEMBERSHIP.
MISCELLANEOUS
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 |
|---|---|---|---|
Philip J Graciana Treasurer | Officer | $0 | |
Jason Bronowski Bar Secretar | Officer | $0 | |
Peter Turcato President | Officer | $0 | |
Marcia Graciana Membership S | Officer | $0 | |
Alan Girardin Building Sec | Trustee | $0 | |
Joy Parlapiano Banquet Secr | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $92,661 |
| 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 | $92,661 |
| Total Program Service Revenue | $56,617 |
| Investment income | $497 |
| 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 | $212,359 |
| Net Income from Sales of Inventory | $319,885 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $682,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,340 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $8,324 |
| 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 | $49,072 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,172 |
| 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 | $59,302 |
| Insurance | $12,449 |
| All other expenses | $30,497 |
| Total functional expenses | $536,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,868 |
| Savings and temporary cash investments | $468,504 |
| 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 | $40,368 |
| Inventories for sale or use | $18,742 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $893,181 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,453,663 |
| 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 | $346,266 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,130 |
| Total liabilities | $381,396 |
| Net assets without donor restrictions | $1,072,267 |
| 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 | $1,453,663 |
Grants Awarded
Over the last fiscal year, Societa Di Mutuo Soccorsso Operaia Venta Venetian Club has awarded $3,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WALTER LAWSON GROUP HOME | | | $1,000 |
Rockford, IL | | $1,000 |
ROCKFORD CATHOLIC GRADE SCHOOLS | | | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
Olympia Fields Country Club Olympia Fields, IL | $30,077,528 | $14,988,630 |
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |