Italian American Victory Club Incorporated
- Assets
- $62.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shrewsbury, MA
- Founding
- 10/1990
- Data as of
- 12/2021
- EIN
- 04-6262790
Organization Overview
Italian American Victory Club Incorporated is located in Shrewsbury, MA. The organization was established in 1990. 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. Italian American Victory Club Incorporated 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, Italian American Victory Club Incorporated generated $70.7k 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 (10.0%) each year. All expenses for the organization totaled $54.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.4%) 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
PROMOTION OF CIVIC, EDUCATIONAL, CHARITABLE, AND SOCIAL WELFARE OF OUR ITALIAN AMERICAN HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Diliberto Trustee | 5 | $0 | |
Frank Visci Trustee | 5 | $0 | |
Arthur Allard President | 5 | $0 | |
Kevin Mercadante Vice President | 5 | $0 | |
Betty D'errico Trustee | 5 | $0 | |
Chuck Pescaro Financial Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,877 |
| Membership dues | $10,273 |
| Investment income | $33,127 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,699 |
| 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 | $54,188 |
| Total expenses | $54,188 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,510 |
| Other assets | $0 |
| Total assets | $62,510 |
| Total liabilities | $0 |
| Net assets or fund balances | $62,510 |
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