Slovak Gymnastic Union Sokol Of The Usa
- Assets
- $46.1k
- Revenue
- $56.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Bethlehem, PA
- Founding
- 10/1972
- Data as of
- 10/2020
- EIN
- 24-0725585
Organization Overview
Slovak Gymnastic Union Sokol Of The Usa is located in Bethlehem, PA. The organization was established in 1972. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Slovak Gymnastic Union Sokol Of The USA is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 10/2020, Slovak Gymnastic Union Sokol Of The USA generated $56.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $80.4k during the year ending 10/2020. 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
THE ORGANIZATION WAS FORMED TO PROMOTE SOKOL PHYSICAL CULTURE THROUGH EDUCATING ITS MEMBERS IN THE SOKOL IDEALS AND HISTORY AND TO PROMOTE SOKOL LITERATURE. TO PROVIDE REFINED ENTERTAINMENT AND INSTRUCTIVE LECTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS FORMED TO PROMOTE SOKOL PHYSICAL CULTURE THROUGH EDUCATING ITS MEMBERS IN THE SOKOL IDEALS AND HISTORY AND TO PROMOTE SOKOL LITERATURE. TO PROVIDE REFINED ENTERTAINMENT AND INSTRUCTIVE LECTURES.
THE ORGANIZATION WAS FORMED TO PROMOTE SOKOL PHYSICAL CULTURE THROUGH EDUCATING ITS MEMBERS IN THE SOKOL IDEALS AND HISTORY AND TO PROMOTE SOKOL LITERATURE. TO PROVIDE REFINED ENTERTAINMENT AND INSTRUCTIVE LECTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Richter Recording Secretary | Officer | 1 | $0 |
Aaron Smith Financial Secretary | Officer | 1 | $0 |
Stephen Barron Operations Officer | Officer | 1 | $0 |
Stephen Fertal III Treasurer | Officer | 1 | $0 |
Michael Cunningham Vice President | Officer | 1 | $0 |
Ivan Alicea Trustee | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,230 |
| Investment income | $390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,815 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $2,089 |
| Net Income from Sales of Inventory | $46,736 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,260 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $895 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $698 |
| 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 | $2,330 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,519 |
| 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 | $0 |
| Insurance | $12,689 |
| All other expenses | $0 |
| Total functional expenses | $80,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,144 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $46,144 |
Endowment Analysis
| Beg. Balance | $5,000 |
| Ending Balance | $5,000 |
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|---|---|---|
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