Italian American Professional And Businessmens Club in Akron, Ohio (OH)

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Italian American Professional And Businessmens Club
Employer Identification Number (EIN)341409428
Name of OrganizationItalian American Professional And Businessmens Club
Address225 Rutledge Dr, Akron, OH 44319-3623
ActivitiesGifts, grants, or loans to other organizations
SubsectionCivic League
Ruling Date07/1987
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$75,328
Amount of Income$119,051
Form 990 Revenue Amount$73,192


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$64,506$62,875$73,192
Contributions, gifts, grants, and similar amounts received$5,281$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$10,350$9,200$10,700
Investment income$1,692$238$455
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$47,183$53,437$62,037
Gross income from gaming$0$0$0
Gross income from fundraising events$95,657$89,759$107,896
Less: direct expenses from gaming and fundraising events$48,474$36,322$45,859
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$52,023$76,003$61,688
Total net assets$77,073$63,945$75,328
Excess/Deficit for the year$12,483$-13,128$11,504
Net assets or fund balances at beginning of year$64,590$77,073$63,824
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$63,945$75,449
Balance Sheets
201120122013
Total assets$77,073$63,945$75,328
Total liabilities$0$0$0
Net assets or fund balances$77,073$63,945$75,328
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0

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Would you recommend Italian American Professional And Businessmens Club to others? Yes
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