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Sport Maritimo Murtoense INC FY2020 filing

Not tax-deductible

Newark, NJ501(c)(7)Recreation & SportsEIN 22-2864310Revenue $24K in FY2020

On file with the IRSPo Box 5514, 07105-0514 · Newark, NJTax-exempt since May 2001

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Sport Maritimo Murtoense was formed in 1940 to provide community and educational funds which would united men and women of who desire to further both community and educational portuguese descent and heritage activities. Additionally, the club was formed to promote cultural growth with the american people and participation through sports and/or recreational activities.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 7
filings with a surplus
Average surplus $1K a year · 3% of revenue · last 7 filings
Worth a look: a surplus in 2 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
63 mo
of spending, in cash
Looks good: 63.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$847
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$24K
-73% vs prior year
Spent
$35K
To programs
0%
Net assets
$300K
By yearFY2019–FY2025
Revenue
$24K
FY2020▼ -73%
Tap a bar for its year
Revenue by fiscal year
FY2019$90K
FY2020$24K
FY2021$62K
FY2022$32K
FY2023$29K
FY2024$31K
FY2025$40K
Expenses
$35K
FY2020▼ -29%
Tap a bar for its year
Expenses by fiscal year
FY2019$50K
FY2020$35K
FY2021$46K
FY2022$39K
FY2023$48K
FY2024$40K
FY2025$42K
Net assets
$300K
FY2020▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2019$312K
FY2020$300K
FY2021$316K
FY2022$309K
FY2023$290K
FY2024$281K
FY2025$280K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $35K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Artur Miranda
President
$0Pt VII · Sec A
Amandio Pita
President
$0Pt VII · Sec A
Jose Louvado
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Antonio Lopes
Treasurer
$0Pt VII · Sec A
Joao Coelho
Vice Treasurer
$0Pt VII · Sec A
See Sport Maritimo Murtoense INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes Portuguese heritage and community through sports, recreation, and educational funding.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Provide children of members with scholarships which enabled them to defray costs and continue on with higher education.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$24K
Ln 12
Gifts and grantsLn 1h$12K
Other incomeLn 4–11$12K
Investment incomeLn 3$654
Money outPt IX
$35K
Ln 25
Managementcol C$35K
Owns and owesPt X
$300K
net assets · Ln 32
Cash and savingsLn 1–2$186K
Total assetsLn 16$301K
LiabilitiesLn 26$847
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Investment incomeLn 3$654
Other incomeLn 4–11$12K
Total revenueLn 12$24K
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$145K
Cash and savings togetherLn 1–2$186K
Land, buildings, equipmentLn 10c$104K
Total assetsLn 16$301K
LiabilitiesLn 26$847
Net assetsLn 32$300K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$194K$186K
Land, buildings, equipmentLn 10c$110K$104K
Total assetsLn 16$313K$301K
LiabilitiesLn 26$1K$847
Net assetsLn 32$312K$300K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$0$4K$0
Advertising and promotionLn 12$445$0$445$0
Office expensesLn 13$1K$0$1K$0
Depreciation, depletion and amortizationLn 22$6K$0$6K$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$9K$0$9K$0
All other expensesLn 24e$13K$0$13K$0
Total functional expensesLn 25$35K$0$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $40K$42K−$2K$280K 990 PDF
FY2024 $31K$40K−$9K$281K 990 PDF
FY2023 $29K$48K−$19K$290K 990 PDF
FY2022 $32K$39K−$7K$309K 990 PDF
FY2021 $62K$46K$16K$316K 990 PDF
FY2020 Viewing $24K$35K−$11K$300K 990 PDF
FY2019 $90K$50K$40K$312K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $24,246 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,703$11,870
I-9 Program service revenue$0
I-10 Investment incomePrior year $545$654
I-11 Other revenuePrior year $63,770$11,722
I-12 Total revenuePrior year $90,018$24,246
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $49,996$35,412
I-18 Total expensesPrior year $49,996$35,412
I-19 Revenue less expensesPrior year $40,022−$11,166
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $24,246 across 7 lines filed
Lines not itemized here account for $40,989 of total revenue; see the IRS return.
VIII-1b Membership dues$923
VIII-1f All other contributions, gifts and grants$10,947
VIII-1h Total contributions, gifts and grants$11,870
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$654
VIII-6 Net rental income or lossRelated to mission −$11,681−$11,681
VIII-8 Net income from fundraising eventsUnrelated business −$17,586 · Excluded from tax $0−$17,586
VIII-12 Total revenueRelated to mission $29,962 · Unrelated business −$17,586 · Excluded from tax $0$24,246
Part IX · Statement of functional expenses $35,412 across 7 lines filed
IX-11c Accounting feesPrograms $0 · Management $3,950 · Fundraising $0$3,950
IX-12 Advertising and promotionPrograms $0 · Management $445 · Fundraising $0$445
IX-13 Office expensesPrograms $0 · Management $1,253 · Fundraising $0$1,253
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $6,072 · Fundraising $0$6,072
IX-23 InsurancePrograms $0 · Management $1,250 · Fundraising $0$1,250
IX-24 Other expenses (24a–d)Programs $0 · Management $8,969 · Fundraising $0$8,969
IX-24e All other expensesPrograms $0 · Management $13,473 · Fundraising $0$13,473
IX-25 Total functional expensesPrograms $0 · Management $35,412 · Fundraising $0$35,412
Part X · Balance sheet $301,190 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $49,752$41,381
X-2 Savings and temporary cash investmentsStart of year $144,055$144,709
X-8 Inventories for sale or useStart of year $8,361$10,726
X-10c Land, buildings and equipment, netStart of year $110,446$104,374
X-16 Total assetsStart of year $312,614$301,190
X-25 Other liabilitiesStart of year $1,105$847
X-26 Total liabilitiesStart of year $1,105$847
X-32 Total net assets or fund balancesStart of year $311,509$300,343
X-33 Total liabilities and net assetsStart of year $312,614$301,190
Part XI · Reconciliation of net assets $300,343 net assets at year end
XI-1 Total revenue$24,246
XI-2 Total expenses$35,412
XI-3 Revenue less expenses−$11,166
XI-4 Net assets at start of year$311,509
XI-10 Net assets at end of year$300,343

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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