Carpathia Club Inc
- Assets
- $1.1m
- Revenue
- $362.4k
- Investments
- $0.0
- Employees
- 25
- Location
- Sterling Heights, MI
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 38-1741228
Organization Overview
Carpathia Club Inc is located in Sterling Heights, MI. The organization was established in 1993. 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, Carpathia Club Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carpathia Club 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, Carpathia Club Inc generated $362.4k 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 (12.3%) each year. All expenses for the organization totaled $323.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 7 years. 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
PROMOTE AND MAINTAIN GERMAN CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLOW THE ORGANIZATION TO CARRY ON ITS FUNCTIONS AS A CLUB IN ORDER TO PROMOTE AND MAINTAIN THE GERMAN CULTURE.
CULTURAL PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brigette Schwager Membership S | OfficerTrustee | $0 | |
Samantha Sesko Press Secret | OfficerTrustee | $0 | |
Carsten Grotloh Vice-Preside | OfficerTrustee | $0 | |
Mike Stampfer Maintenance | OfficerTrustee | $0 | |
Kimberly Furtah Recording Se | OfficerTrustee | $0 | |
Robert Hanschu President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,121 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,101 |
| Total Program Service Revenue | $169,958 |
| Investment income | $79 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,371 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $48,920 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,706 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | -$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 | $3,137 |
| Office expenses | $8,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $29,242 |
| Insurance | $17,616 |
| All other expenses | $36,043 |
| Total functional expenses | $323,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,381 |
| Savings and temporary cash investments | $133,051 |
| 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 | $200 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $803,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,079,002 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $84,000 |
| Other liabilities | $26,939 |
| Total liabilities | $110,939 |
| Net assets without donor restrictions | $0 |
| 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 | $795,927 |
| Retained earnings, endowment, accumulated income, or other funds | $172,136 |
| Total liabilities and net assets/fund balances | $1,079,002 |
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