Portuguese-American Recreation Club Of Woburn Ma
- Assets
- $75.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Woburn, MA
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 04-2897314
Organization Overview
Portuguese-American Recreation Club Of Woburn Ma is located in Woburn, MA. 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. Portuguese-American Recreation Club Of Woburn MA is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Portuguese-American Recreation Club Of Woburn MA generated $37.2k 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 (3.3%) each year. All expenses for the organization totaled $37.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE SOCIAL SERVICES IN THE COMMUNITY AND PROVIDE A RECREATION CENTER FOR THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mariano Dapedra Vice-President | 5 | $0 | |
Jose Desusa Secretary | 5 | $0 | |
Michael Pacheco Manager | 5 | $0 | |
Joseph Perreira Director | 5 | $0 | |
John R Acheco Jr President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $630 |
| Investment income | $32,000 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $37,201 |
| 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 | $1,866 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35,602 |
| Total expenses | $37,468 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,742 |
| Other assets | $0 |
| Total assets | $75,739 |
| Total liabilities | $55 |
| Net assets or fund balances | $75,684 |
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