Italian American Club Of Lyndhurst is located in Lyndhurst, NJ. The organization was established in 1999. 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 Club Of Lyndhurst is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Italian American Club Of Lyndhurst generated $39.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $37.1k during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
CHARITY BEEFSTEAK DINNER, SMALL AFFAIRS AND SOCIALS TO MEMBERS ONLY
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Garafola President | 1 | $0 | |
Louis Demarco Treasurer Vice President | 2 | $0 | |
Michael Gaccione Vice President | 1 | $0 | |
Vincent Gaccione Secretary | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,753 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,350 |
| Investment income | $35 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $26,589 |
| Other Revenue | $30 |
| Total Revenue | $39,757 |
| 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 | $765 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $36,320 |
| Total expenses | $37,085 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,926 |
| Other assets | $0 |
| Total assets | $25,926 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,926 |