South Erie Turnverein
- Assets
- $581.1k
- Revenue
- $141.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Erie, PA
- Founding
- 09/1977
- Data as of
- 12/2021
- EIN
- 25-0808640
Organization Overview
South Erie Turnverein is located in Erie, PA. The organization was established in 1977. As of 12/2021, South Erie Turnverein employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Erie Turnverein 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, South Erie Turnverein generated $141.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $106.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB THAT OPERATES A FACILITY TO PROVIDE FOOD, DRINK AND ENTERTAINMENT TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A BOWLING ALLEY WITHIN THE CLUB PROVIDES RECREATION FOR MEMBERS.
OPERATION OF BAR AND KITCHEN FACILITIES ON A DAILY BASIS PROVIDE FOOD AND BEVERAGES FOR MEMBERS.
OPERATION OF SMALL GAMES OF CHANCE PROVIDE ENTERTAINMENT FOR THE MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Everts President | Officer | 25 | $11,999 |
Michael D Goodman Financial Secr. | Officer | 15 | $2,625 |
Craig Snyder Treasurer | Officer | 1 | $0 |
Thomas Keller Vice President | Officer | 1 | $0 |
Rick Ballman Recording Sec | Officer | 2 | $0 |
Robert Wagner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,168 |
| Total Program Service Revenue | $24,518 |
| Investment income | $313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $60,070 |
| Net Income from Sales of Inventory | $17,831 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,900 |
| 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. | $14,624 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,765 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $760 |
| 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 | $1,430 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,984 |
| 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 | $6,392 |
| Insurance | $13,605 |
| All other expenses | $0 |
| Total functional expenses | $106,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,483 |
| Savings and temporary cash investments | $358,613 |
| Pledges and grants receivable | $23,742 |
| 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 | $4,760 |
| Prepaid expenses and deferred charges | $5,225 |
| Net Land, buildings, and equipment | $135,261 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $581,084 |
| Accounts payable and accrued expenses | $797 |
| 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 | $797 |
| 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 | $580,287 |
| Total liabilities and net assets/fund balances | $581,084 |
Grants Awarded
Over the last fiscal year, South Erie Turnverein has awarded $16,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Erie, PA PURPOSE: DONATION | $10,500 |
Tampa, FL PURPOSE: DONATION | $6,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkette National Gymnastic Team Inc Allentown, PA | $2,066,522 | $2,115,646 |
International Bowhunting Organization Of The Usa Inc Fairview Park, OH | $125,786 | $706,287 |
Ultrafit Usa Hilliard, OH | $88,554 | $349,712 |
Hudson-Mohawk Road Runners Club Albany, NY | $537,950 | $306,805 |
Penn Athletic Club Rowing Association Philadelphia, PA | $436,321 | $176,117 |
Girls Gymnastic-Athletic Club Of Owego New York Inc Owego, NY | $340,113 | $262,339 |
Hills Angels Gymnastic Team Incorporated Gaithersburg, MD | $315,618 | $224,271 |
Sokol Greater Cleveland Gymnastic & Educational Organization Cleveland, OH | $2,473,335 | $255,287 |
Rebounders Parents Association Timonium, MD | $49,475 | $184,791 |
Finger Lakes Region Sports Car Club Of America Inc Webster, NY | $252,770 | $0 |
Cincinnati Golden Gloves For Youth Tt Cincinnati, OH | $378,888 | $134,997 |
Blue Mountain Quarter Midget Assoc Inc Cherryville, PA | $44,949 | $0 |