Algodon Club Inc is located in Harlingen, TX. The organization was established in 1997. 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. Algodon Club Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Algodon Club Inc generated $109.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $40.8k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
AWARDED SCHOLARSHIPS
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $38,138 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $133 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $70,962 |
Other Revenue | $0 |
Total Revenue | $109,233 |
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 | $530 |
Occupancy, rent, utilities, and maintenance | $584 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $8,437 |
Total expenses | $40,801 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $186,033 |
Other assets | $0 |
Total assets | $186,033 |
Total liabilities | $0 |
Net assets or fund balances | $186,033 |
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