Walteria Business Mens Club
- Assets
- $141.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 11/1959
- Data as of
- 04/2024
- EIN
- 95-6114485
Organization Overview
Walteria Business Mens Club is located in Torrance, CA. The organization was established in 1959. 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. Walteria Business Mens Club is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2024, Walteria Business Mens Club generated $27.6k 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 (4.4%) each year. All expenses for the organization totaled $27.2k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (5.0%) 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
2024
Describe the Organization's Program Activity:
Part 3
AWARDED COLLEGE SCHOLARSHIPS OF 1,000 EACH TO STUDENTS FROM SOUTH HIGH SCHOOL IN TORRANCE CA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Hughes III President | 2 | $0 | |
Dave Monarrez Vice President | 2 | $0 | |
Varouj Kioudjian Treasurer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,336 |
| Total Program Service Revenue | $6,900 |
| Membership dues | $8,815 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,586 |
| Other Revenue | $0 |
| Total Revenue | $27,637 |
| 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 | $19,050 |
| Printing, publications, postage, and shipping | $129 |
| Other expenses | $4,061 |
| Total expenses | $27,240 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,515 |
| Other assets | $0 |
| Total assets | $141,545 |
| Total liabilities | $0 |
| Net assets or fund balances | $141,545 |