Club Recreativo Lusitania Inc
- Assets
- $265.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 12/1994
- Data as of
- 12/2022
- EIN
- 52-8777000
Organization Overview
Club Recreativo Lusitania Inc is located in Cambridge, MA. The organization was established in 1994. 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. Club Recreativo Lusitania 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, Club Recreativo Lusitania Inc generated $39.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $27.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTED AND ENHANCED THE GENERAL WELFARE OF THE PORTUGUESE COMMUNITY; PROVIDED SOCIAL FUNCTIONS WITH FOOD, DRINKS, AND DANCING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilberto Frutuoso President | 10 | $0 | |
Amilcar Dasilva Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,505 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $37,935 |
| Other Revenue | $0 |
| Total Revenue | $39,440 |
| 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 | $1,400 |
| Occupancy, rent, utilities, and maintenance | $14,254 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,056 |
| Total expenses | $27,710 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $174,496 |
| Other assets | $0 |
| Total assets | $265,153 |
| Total liabilities | $0 |
| Net assets or fund balances | $265,153 |