Riverwalk Italian Americans & Friends Club Inc
- Assets
- $12.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 01/2002
- Data as of
- 05/2022
- EIN
- 65-1011700
Organization Overview
Riverwalk Italian Americans & Friends Club Inc is located in West Palm Beach, FL. The organization was established in 2002. 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. Riverwalk Italian Americans & Friends 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 05/2022, Riverwalk Italian Americans & Friends Club Inc generated $26.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $24.5k during the year ending 05/2022. While expenses have increased by 5.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HELD SEVEN DIFFERENT EVENTS DURING THE YEAR WHICH ALLOWED THE MEMBERS AND THE COMMUNITY TO GATHER TOGETHER AND EXPERIENCE AND CELEBRATE VARIOUS ITALIAN-AMERICAN TRADITIONS, CULTURE, MUSIC, LANGUAGE AND FOOD. EACH EVENT AVERAGED 70 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Formichella President | 4 | $0 | |
William Halpen Treasurer | 5 | $0 | |
Irene Cicola Vice Preside | 6 | $0 | |
Lee Rienecker Vice Preside | 1 | $0 | |
Annette Caccamise Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $20,946 |
| Membership dues | $4,520 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $640 |
| Total Revenue | $26,106 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,479 |
| Total expenses | $24,479 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,053 |
| Other assets | $0 |
| Total assets | $12,153 |
| Total liabilities | $3,080 |
| Net assets or fund balances | $9,073 |
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