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Olympic Athletic Club

Not tax-deductible

Dubois, PA501(c)(7)Mutual / membership EIN 25-0960458Revenue $280K in FY2024

On file with the IRS205 New Street, 15801-0000 · Dubois, PATax-exempt since Feb 1953

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To promote brotherhood among the members and to contribute to the community.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $33K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 29.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 68 voting members
Concern: none of 68 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$280K
+6% vs prior year
Spent
$264K
To programs
100%
Net assets
$816K
By yearFY2020–FY2024
Revenue
$280K
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$217K
FY2021$300K
FY2022$253K
FY2023$263K
FY2024$280K
Expenses
$264K
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$179K
FY2021$251K
FY2022$239K
FY2023$217K
FY2024$264K
Net assets
$816K
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$667K
FY2021$736K
FY2022$693K
FY2023$772K
FY2024$816K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1953.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $264K

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
$0Pt VII · Sec A
George Murray
President
$0Pt VII · Sec A
Daniel Gordon
Secretary Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ron Cloak
Vice President
$0Pt VII · Sec A
See Olympic Athletic Club 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

Fosters brotherhood among members and contributes to the community.

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Provided by the organization

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1 program · $264K · in their own filed words · FY2024
01

To promote brotherhood among the members and to contribute to the community

$264Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$280K
Ln 12
Other incomeLn 4–11$238K
Investment incomeLn 3$33K
Gifts and grantsLn 1h$9K
Money outPt IX
$264K
Ln 25
Programscol B$264K
Owns and owesPt X
$816K
net assets · Ln 32
Cash and savingsLn 1–2$644K
Total assetsLn 16$816K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a68
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Investment incomeLn 3$33K
Other incomeLn 4–11$238K
Total revenueLn 12$280K
Assets in detailPt X, end of year
CashLn 1$59K
SavingsLn 2$585K
Cash and savings togetherLn 1–2$644K
Land, buildings, equipmentLn 10c$161K
Total assetsLn 16$816K
LiabilitiesLn 26$0
Net assetsLn 32$816K
OperationsPt I, VI
EmployeesI 58
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 FY24End FY24
Cash and savingsLn 1–2$617K$644K
Land, buildings, equipmentLn 10c$143K$161K
Total assetsLn 16$772K$816K
LiabilitiesLn 26$0$0
Net assetsLn 32$772K$816K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$108K$108K
Accounting feesLn 11c$446$446
Advertising and promotionLn 12$4K$4K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$104K$104K
All other expensesLn 24e$30K$30K
Total functional expensesLn 25$264K$264K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $280K$264K$16K$816K 990 PDF
FY2023 $263K$217K$46K$772K 990 PDF
FY2022 $253K$239K$13K$693K 990 PDF
FY2021 $300K$251K$49K$736K 990 PDF
FY2020 $217K$179K$39K$667K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $279,672 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,544$8,763
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $17,944$33,366
I-11 Other revenuePrior year $239,630$237,543
I-12 Total revenuePrior year $263,118$279,672
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $97,648$107,500
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $119,765$156,342
I-18 Total expensesPrior year $217,413$263,842
I-19 Revenue less expensesPrior year $45,705$15,830
Part VI · Governance 0 of 68 board members independent, 4 to look at
VI-1a Voting members of the governing body68
VI-1b Independent voting members0
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 $279,672 across 4 lines filed
Lines not itemized here account for $237,543 of total revenue; see the IRS return.
VIII-1b Membership dues$8,763
VIII-1h Total contributions, gifts and grants$8,763
VIII-3 Investment incomeUnrelated business $33,366$33,366
VIII-12 Total revenueRelated to mission $237,543 · Unrelated business $33,366 · Excluded from tax $0$279,672
Part IX · Statement of functional expenses $263,842 across 7 lines filed
IX-7 Other salaries and wagesPrograms $107,500$107,500
IX-11c Accounting feesPrograms $446$446
IX-12 Advertising and promotionPrograms $3,835$3,835
IX-22 Depreciation, depletion and amortizationPrograms $5,730$5,730
IX-23 InsurancePrograms $12,155$12,155
IX-24 Other expenses (24a–d)Programs $103,787$103,787
IX-24e All other expensesPrograms $30,389$30,389
IX-25 Total functional expensesPrograms $263,842 · Management $0 · Fundraising $0$263,842
Part X · Balance sheet $816,326 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $91,054$58,818
X-2 Savings and temporary cash investmentsStart of year $526,207$584,979
X-8 Inventories for sale or useStart of year $11,985$11,985
X-10c Land, buildings and equipment, netStart of year $142,844$160,544
X-16 Total assetsStart of year $772,090$816,326
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $772,090$816,326
X-33 Total liabilities and net assetsStart of year $772,090$816,326
Part XI · Reconciliation of net assets $816,326 net assets at year end
XI-1 Total revenue$279,672
XI-2 Total expenses$263,842
XI-3 Revenue less expenses$15,830
XI-4 Net assets at start of year$772,090
XI-5 Net unrealized gains (losses) on investments$28,406
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$816,326

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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