Club Madeirense Ss Sacremento Inc
- Assets
- $2.2m
- Revenue
- $141.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New Bedford, MA
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 04-2750450
Organization Overview
Club Madeirense Ss Sacremento Inc is located in New Bedford, MA. The organization was established in 1984. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Club Madeirense Ss Sacremento 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 12/2021, Club Madeirense Ss Sacremento Inc generated $141.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $205.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO PERPETUATE THE ANNUAL CELEBRATION OF THE FEAST OF THE BLESSED SACRAMENT AND TO PROPAGATE THE RELIGIOUS, SOCIAL AND CULTURAL LIFE OF THE MADEIRAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FEAST OF THE BLESSED SACRAMENT AND THE NIGHT OF ST JOHN ARE CELEBRATIONS OF RELIGIOUS AND CULTURAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Vieira Treasurer | OfficerTrustee | 1 | $0 |
Stephen Paiva 2nd Assistant Treasurer | OfficerTrustee | 1 | $0 |
Thomas Neves 3rd Assistant Treasurer | OfficerTrustee | 1 | $0 |
John L Nunes Secretary | OfficerTrustee | 1 | $0 |
Carlos J Nunes President | OfficerTrustee | 1 | $0 |
Brandon Travers 2nd Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,115 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,000 |
| Total Program Service Revenue | $12,836 |
| Investment income | $5,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,871 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $106,906 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,482 |
| 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. | $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 | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,110 |
| Office expenses | $4,767 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,478 |
| 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 | $58,596 |
| Insurance | $19,063 |
| All other expenses | $25,104 |
| Total functional expenses | $205,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $668,931 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,945 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,708 |
| Net Land, buildings, and equipment | $1,291,698 |
| Investments—publicly traded securities | $89,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,066 |
| Total assets | $2,197,744 |
| Accounts payable and accrued expenses | $11,475 |
| 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 | $215,065 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,500 |
| Total liabilities | $310,040 |
| Net assets without donor restrictions | $1,887,704 |
| 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 | $2,197,744 |
Grants Awarded
Over the last fiscal year, Club Madeirense Ss Sacremento Inc has awarded $46,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New Bedford, MA PURPOSE: CONTRIBUTIONS ARE MADE TO ASSIST THE ORGANIZATION'S EDUCATIONAL ASSISTANCE PROGRAM AND CHARITABLE GIVING PROGRAM. | $46,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Club Madeirense Ss Sacremento Inc has recieved totaling $31,000.
| Awarding Organization | Amount |
|---|---|
Club Madeirense S S Sacramento Charitable Foundation Inc New Bedford, MA PURPOSE: ASSISTANCE PROVIDED TO PROMOTE THE ORGANIZATION'S ACTIVITIES SPECIFIC TO ITS MUSEUM OF MADEIRAN HERITAGE AND ITS CULTURAL DANCE GROUP. | $31,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
United Way Of Connecticut Rocky Hill, CT | $9,253,569 | $38,307,240 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Rhode Island Inc Providence, RI | $29,334,248 | $23,014,896 |
Syracuse Community Health Center Inc Syracuse, NY | $18,630,162 | $24,795,455 |
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
Granite United Way Manchester, NH | $10,904,464 | $19,030,593 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |