Salem Slovak Club Inc
- Assets
- $372.4k
- Revenue
- $183.4k
- Investments
- $0.0
- Employees
- 11
- Location
- Salem, OH
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 34-0220647
Organization Overview
Salem Slovak Club Inc is located in Salem, OH. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Salem Slovak Club Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Slovak 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, Salem Slovak Club Inc generated $183.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $177.3k during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ADVANCE THE GENERAL WELFARE OF ALL PEOPLE OF SLOVAK, CZECH, OR SLAVONIC ANCESTRY BY PREACHING AND PRACTICING LOYALTY AND DEVOTION TO THE DEMOCRATIC INSTITUTIONS OF AMERICA. THE SALEM SLOVAK CLUB WILL HELP ITS MEMBERS MAKE EXEMPLARY CITIZENS OF THE UNITED STATES OF AMERICA BY CHERISHING AND PRESERVING THE WORTHWHILE CUSTOMS, TRADITIONS AND LANGUAGES OF THEIR ANCESTORS INCLUDING AN ACTIVE RESPECT FOR THE LAND OF THERE FOREBEARERS AND A PRIDE IN THEIR OWN BLOOD AND CULTURE. THE SALEM SLOVAK CLUB WILL ATTAIN OR HOLD ANY REAL OR PERSONAL PROPERTY OF EVERY KIND TO SERVE THE SOCIAL, CULTURAL AND ATHLETIC ACTIVITIES OF ITS MEMBERS AND THEIR FRIENDS. THE SALEM SLOVAK CLUB WILL MAKE AND PERFORM CONTRACTS OF EVERY KIND THAT WILL SERVE THE SOCIAL, CULTURAL AND ATHLETIC ACTIVITIES OF ITS MEMBERS AND THEIR FRIENDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELP MEMBERS MAKE EXEMPLARY CITIZENS OF THE UNITED STATES OF AMERICA BY CHERISHING AND PRESERVING THE WORTHWHILE CUSTOMS, TRADITIONS AND LANGUAGE OF THEIR ANCESTORS INCLUDING AN ACTIVE RESPECT FOR THE LAND OF THEIR FOREBEARERS AND A PRIDE IN THEIR OWN BLOOD AND CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose Stroka House Commit | OfficerTrustee | 5 | $4,400 |
Richard Stroka Sr House Com | Officer | 5 | $4,200 |
Ramona Smith Treasurer | Officer | 5 | $3,900 |
Robert Smith President | Officer | 5 | $1,200 |
Debbie Jackson House Commit | OfficerTrustee | 5 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,845 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,845 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| 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 | $88,931 |
| Net Income from Sales of Inventory | $89,459 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $869 |
| 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 | $94,434 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,339 |
| Advertising and promotion | $0 |
| Office expenses | $526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,086 |
| 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 | $9,668 |
| Insurance | $8,965 |
| All other expenses | $0 |
| Total functional expenses | $177,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,112 |
| 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 | $4,275 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $147,012 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $372,399 |
| 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 | $3,704 |
| Total liabilities | $3,704 |
| 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 | $368,695 |
| Total liabilities and net assets/fund balances | $372,399 |
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