Sealol Shop Union
- Assets
- $82.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 06/1991
- Data as of
- 12/2023
- EIN
- 05-6017635
Organization Overview
Sealol Shop Union is located in Warwick, RI. The organization was established in 1991. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sealol Shop Union is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Sealol Shop Union generated $29.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $35.1k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
THE UNION WAS FORMED TO FOSTER AND ENCOURAGE A HIGHER DEGREE OF EFFICIENCY AND SKILL OF ITS MEMBERS; THE CULTIVATION OF FRIENDSHIP AND FELLOWSHIP AMONG ITS MEMBERS; A REDUTION IN HOURS OF LABOR, THEREBY SECURING FOR ITS MEMBERS MORE TIME TO REST, RECREATION AND STUDY; THE ADOPTION OF A WAGE SCALE PROVIDING AN ADEQUATE REMUNERATION FOR LABOR PERFORMED-; AND THE ELEVATION AND IMPOROVEMENT OF THE MORALE, INTELLECTUAL, SOCIAL AND ECONOMIC CONDITIONS OF THE MEMBERS IN GOOD STANDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin A Verchot Treasurer | 0 | $0 | |
Jeffrey O'leary President | 0 | $0 | |
Joseph Mylnek Jr 1st Shift Su | 0 | $0 | |
Jason Doughty Vice Preside | 0 | $0 | |
Donald Clemm Jr Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,471 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $29,478 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,282 |
| Professional fees and other payments to independent contractors | $23,967 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,830 |
| Total expenses | $35,079 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,066 |
| Other assets | $0 |
| Total assets | $82,066 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,066 |