Portuguese Athletics Club
- Assets
- $51.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 09/1994
- Data as of
- 06/2022
- EIN
- 77-0238012
Organization Overview
Portuguese Athletics Club is located in San Jose, CA. The organization was established in 1994. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Portuguese Athletics Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Portuguese Athletics Club generated $18.8k 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 (16.1%) each year. All expenses for the organization totaled $14.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (19.3%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROMOTE SOCCER AND CULTURAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Da Silva Vice President | 1.5 | $0 | |
Helena DE Oliveira Director | 0.5 | $0 | |
Maria Jorge Director | 0.5 | $0 | |
John Sarmento Director | 0.5 | $0 | |
Fernanda Da Silva Director | 0.5 | $0 | |
Manuel Santos Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,735 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,095 |
| Other Revenue | $0 |
| Total Revenue | $18,830 |
| 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 | $10,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,226 |
| Total expenses | $14,226 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,451 |
| Other assets | $0 |
| Total assets | $50,967 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,967 |