The University Club Inc
- Assets
- $355.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- State College, PA
- Founding
- 02/1941
- Data as of
- 12/2021
- EIN
- 24-0747930
Organization Overview
The University Club Inc is located in State College, PA. The organization was established in 1941. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2021, University Club Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University 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 12/2021, University Club Inc generated $83.7k 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 (20.5%) each year. All expenses for the organization totaled $138.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) 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 Mission:
Part 3 - Line 1
PROMOTE DIVERSITY, SCHOLARSHIP, FRIENDSHIP, SOCIAL INTERACTION AMONG MEMBERS
Describe the Organization's Program Activity:
Part 3
PROMOTE DIVERSITY, SCHOLARSHIP, FRIENDSHIP, SOCIAL INTERACTION AMONG MEMBERS
PROVIDE ROOM AND BOARD FOR MEMBERS LIVING IN FACILITY
PROVIDE SOCIAL ACTIVITIES FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Collins President | 30 | $0 | |
Douglas Albert Vice Presidentvice Presiden | 2 | $0 | |
Mark Koschny Treasurer | 2 | $0 | |
Mary O'neill Secretary | 2 | $0 | |
Victoria Fong Director | 2 | $0 | |
On-Cho Ng Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $73,438 |
| Membership dues | $8,940 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,361 |
| Total Revenue | $83,739 |
| 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 | $18,529 |
| Occupancy, rent, utilities, and maintenance | $63,391 |
| Printing, publications, postage, and shipping | $998 |
| Other expenses | $55,597 |
| Total expenses | $138,515 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $352,459 |
| Other assets | $0 |
| Total assets | $355,819 |
| Total liabilities | $499,416 |
| Net assets or fund balances | -$143,597 |