Sport Club Portugues Inc
- Assets
- $1.8m
- Revenue
- $347.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Newark, NJ
- Founding
- 09/1949
- Data as of
- 12/2020
- EIN
- 22-1297756
Organization Overview
Sport Club Portugues Inc is located in Newark, NJ. The organization was established in 1949. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Sport Club Portugues Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sport Club Portugues Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Sport Club Portugues Inc generated $347.0k 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 (12.7%) each year. All expenses for the organization totaled $356.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT #1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A SOCIAL CLUB, DANCES, FOLKLORE FESTIVALS AND SOCIAL ACTIVITIES TO ITS MEMBERS
THE ORGANIZATION OPERATES A SCHOOL PROVIDING FOREIGN LANGUAGE AND CULTURAL INSTRUCTION TO ABOUT 125 MEMBERS
THE ORGANIZATION ALSO PROVIDES VARIOUS SPORTS ACTIVITIES TO ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruno Costa Vice-President | OfficerTrustee | 5 | $0 |
Nuno Ferreira Vice President | OfficerTrustee | 5 | $0 |
Rita Costa Secretary | OfficerTrustee | 5 | $0 |
Luis Nobre President | OfficerTrustee | 10 | $0 |
Jack Ferreira Vice-President | OfficerTrustee | 5 | $0 |
Vivanne Antunes Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,360 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,790 |
| Total Program Service Revenue | $252,205 |
| Investment income | $5,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,211 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $347,046 |
| 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 | $58,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $38,167 |
| Insurance | $28,594 |
| All other expenses | $167,180 |
| Total functional expenses | $356,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,950 |
| Savings and temporary cash investments | $238,176 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,862 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,070,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,815,657 |
| Accounts payable and accrued expenses | $80,671 |
| 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 | $79,219 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $159,890 |
| Net assets without donor restrictions | $0 |
| 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 | $1,655,767 |
| Total liabilities and net assets/fund balances | $1,815,657 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sport Club Portugues Inc has recieved totaling $19,550.
| Awarding Organization | Amount |
|---|---|
Laborers International Union Of North America Newark, NJ PURPOSE: GENERAL SUPPORT | $13,550 |
Manuel And Maria Teixeira Family Foundation Inc Mountainside, NJ PURPOSE: DONATION | $5,000 |
Kean Foundation Inc Parsippany, NJ PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westchester Country Club Inc Rye, NY | $77,553,664 | $42,480,746 |
Yale Club Of New York City New York, NY | $50,588,779 | $20,944,634 |
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Pine Valley Golf Club Pine Valley, NJ | $27,464,552 | $15,641,646 |
Plainfield Country Club Edison, NJ | $20,539,827 | $10,734,974 |
Glen Ridge Country Club Glen Ridge, NJ | $4,315,456 | $11,200,681 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
North Jersey Country Club Inc Wayne, NJ | $12,240,984 | $10,758,532 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |