Penguin Club Inc
- Assets
- $351.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, VA
- Founding
- 05/1969
- Data as of
- 12/2023
- EIN
- 54-0741910
Organization Overview
Penguin Club Inc is located in Salem, VA. The organization was established in 1969. 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. Penguin 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 12/2023, Penguin Club Inc generated $77.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $70.0k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SOCIAL AND RECREATIONAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Witt President | 2 | $0 | |
Craig Cooper Vice President | 1 | $0 | |
Kevin Flectcher Secretary | 1 | $0 | |
James Martin Treasurer | 1 | $0 | |
Melvin Dickenson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,119 |
| Membership dues | $49,822 |
| Investment income | $173 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $690 |
| Other Revenue | $1,296 |
| Total Revenue | $77,827 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,822 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $52,035 |
| Printing, publications, postage, and shipping | $176 |
| Other expenses | $5,225 |
| Total expenses | $69,958 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,858 |
| Other assets | $0 |
| Total assets | $351,518 |
| Total liabilities | $51,218 |
| Net assets or fund balances | $300,300 |