Liberty Seated Collectors Club
- Assets
- $59.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vernon Hills, IL
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 38-2623078
Organization Overview
Liberty Seated Collectors Club is located in Vernon Hills, IL. The organization was established in 2006. 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. Liberty Seated Collectors Club 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, Liberty Seated Collectors Club generated $16.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $18.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
LSCC EXISTS TO SHARE INFORMATION ABOUT LIBERTY SEATED COINAGE. LSCC DOES THIS BY PROVIDING ITS ALMOST 600 MEMBERS WITH A PRINTED PUBLICATION CALLED GOBRECHT JOURNAL WHICH IS MAILED TO EACH MEMBER 3 TIMES PER YEAR. THERE IS ALSO A MONTHLY ELECTRONIC PUBLICATION PRODUCED BY LSCC THAT IS SENT TO MEMBERS AND NON-MEMBERS TO PROMOTE INFORMATION ON LIBERTY SEATED COINAGE AND LSCC EVENTS. LSCC PROVIDES EDUCATIONAL SEMINARS FOR FREE AT VARIOUS COIN SHOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Augsburger President | 10 | $0 | |
Dennis Fortier Vice President | 10 | $0 | |
Craig Eberhart Secretary | 10 | $0 | |
John Lundsten Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,559 |
| Total Program Service Revenue | $0 |
| Membership dues | $13,917 |
| Investment income | $1,930 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$9,260 |
| Other Revenue | $7,370 |
| Total Revenue | $16,001 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $17,848 |
| Other expenses | $626 |
| Total expenses | $18,474 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,848 |
| Other assets | $0 |
| Total assets | $59,848 |
| Total liabilities | $13,320 |
| Net assets or fund balances | $46,528 |