Goodfellowship Social Club Inc
- Assets
- $565.1k
- Revenue
- $331.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Cumberland, MD
- Founding
- 01/1939
- Data as of
- 12/2022
- EIN
- 52-0330365
Organization Overview
Goodfellowship Social Club Inc is located in Cumberland, MD. The organization was established in 1939. 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 12/2022, Goodfellowship Social Club Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodfellowship Social 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 12/2022, Goodfellowship Social Club Inc generated $331.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $301.9k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SOCIAL SETTING THAT PROMOTES THE BETTERMENT OF THE LOCAL COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMUSEMENT GAMES & INSTANT BINGO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Lowery President | Officer | $0 | |
Gilbert Metzner Vicepresident | Officer | $0 | |
Gene Bender Treasurer | Officer | $0 | |
Richard Sterne Secretary | Officer | $0 | |
Marvin Collins Trustee | Trustee | $0 | |
Richard Everett Trustee | Trustee | 30 | $27,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,210 |
| Fundraising events | $5,263 |
| 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 | $14,473 |
| Total Program Service Revenue | $0 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $750 |
| 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 | $69,818 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,655 |
| 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. | $49,648 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $545 |
| Office expenses | $6,086 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,072 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,451 |
| Insurance | $8,693 |
| All other expenses | $42,224 |
| Total functional expenses | $301,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,713 |
| 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 | $8,099 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $367,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,425 |
| Other assets | $0 |
| Total assets | $565,137 |
| Accounts payable and accrued expenses | $2,035 |
| 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 | $221,548 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $223,583 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $341,554 |
| 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 | $341,554 |
| Total liabilities and net assets/fund balances | $565,137 |