New Britain Quartette Club Inc
- Assets
- $121.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Britain, CT
- Founding
- 09/1944
- Data as of
- 06/2021
- EIN
- 06-0467182
Organization Overview
New Britain Quartette Club Inc is located in New Britain, CT. The organization was established in 1944. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Britain Quartette Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, New Britain Quartette Club Inc generated $51.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $64.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 6 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
MEMBER ACTIVITIES - MEMBERS PAY DUES IN ORDER TO RECEIVE THE BENEFITS OF THE ORGANIZATION'S SOCIAL ACTIVITIES AND RECREATIONAL FACILITIES. MEMBERS PAY FOR BEVERAGES CONSUMED. FOR ADDITIONAL REVENUE THE CLUB RENTS THE HALL TO NON-MEMBERS AND SELLS STATE OF CONNECTICUT "PULL TAB" TICKETS FOR NON PROFIT ORGANIZATIONS. THE CLUB USES SAVINGS ACCOUNTS TO ACCUMULATE FUNDS FOR FUTURE PROJECTS AND CAPITAL IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Staranchak President | 0 | $0 | |
Stan Kundra Treasurer | 0 | $0 | |
Pierre Beaulieu Vice President | 0 | $0 | |
Paul Labieniec Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,525 |
| Membership dues | $9,003 |
| Investment income | $23,258 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,546 |
| Other Revenue | $0 |
| Total Revenue | $51,773 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,216 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $35,756 |
| Printing, publications, postage, and shipping | $270 |
| Other expenses | $26,004 |
| Total expenses | $64,746 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,123 |
| Other assets | $0 |
| Total assets | $121,080 |
| Total liabilities | $535 |
| Net assets or fund balances | $120,545 |
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