American Finnish Community Club Inc
- Assets
- $1.7m
- Revenue
- $6.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Worth, FL
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 59-0713217
Organization Overview
American Finnish Community Club Inc is located in Lake Worth, FL. The organization was established in 1999. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Finnish Community Club Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, American Finnish Community Club Inc generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (26.9%) each year. All expenses for the organization totaled $148.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHOWCASE FINNISH CULTURE AND PRESERVE THE HERITAGE BY PROVIDING ACTIVITIES AND DINNERS THAT FEATURE TRADITIONAL FINNISH FOODS AND MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINNISH CULTURAL VENUE FOR USE BY LOCAL FINNISH COMMUNITY -- ALLOWED THE MIDSUMMER NIGHT FESTIVAL TO BE HELD AT OUR FACILITY
SHOWCASE FINNISH CULTURE BY HOLDING LUNCHES AND/OR DINNERS WITH TRADITIONAL FOOD, MUSIC AND DANCES.
CELEBRATE FINNISH CULTURAL HOLIDAYS AND INVITE PUBLIC TO PARTICIPATE -- FINNISH INDEPENDENCE DAY
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 |
|---|---|---|---|
Eva Repo Board Member | Trustee | 10 | $0 |
Terhi Tenlen Board Member | Trustee | 10 | $0 |
Aanne Casagrande Board Member | Trustee | 10 | $0 |
Barry Heiniluoma President | Officer | 10 | $0 |
Sal Perna Vice President | Officer | 10 | $0 |
John Aho Treasurer | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40 |
| Fundraising events | $200 |
| 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 | $240 |
| Total Program Service Revenue | $0 |
| Investment income | $6,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $133,123 |
| Grants and other assistance to domestic individuals. | $17,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $620 |
| Office expenses | $69 |
| 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 | $0 |
| Insurance | -$4,861 |
| All other expenses | $0 |
| Total functional expenses | $148,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,665 |
| Savings and temporary cash investments | $1,513,727 |
| 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 | $170,277 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,685,669 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,685,669 |
| 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 | $1,685,669 |
Grants Awarded
Over the last fiscal year, American Finnish Community Club Inc has awarded $136,123 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FINNISH TOURIST CLUB INC PURPOSE: help replace large Hot water Heater | $10,000 |
FINNISH MEDIA GROUP PURPOSE: Help ccver 12 advertising costs of org | $5,000 |
AMERICAN SCANDINAVIAN SOCIETY PURPOSE: To promote AFC nationaly | $25,000 |
KARELIANS OF FLORIDA INC PURPOSE: Bring a Finnish music group to Fl | $15,000 |
MIDNIGHT SUN FESTIVAL INC PURPOSE: To promote annual Finnish gathering | $2,500 |
FINNISH AMERICAN REST HOME PURPOSE: to replace old and out dated equipment | $51,623 |