Pacc INC FY2023 filing

Not tax-deductible

Gardner, MA501(c)(7)Since 2023Recreation & SportsEIN 80-0060789Revenue $485K in FY2023

On file with the IRSgardnerpacc.comPo Box 1061, 01440-6061 · Gardner, MATax-exempt since Jan 2005

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Association and accomodation of the organizations members as a social club for pleasure, recreation, and socialzation, with the focus on celebration of the polish heritage and tradtion.

95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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 6
filings with a surplus
Average deficit $20K a year · 6% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$360K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$485K
+18% vs prior year
Spent
$456K
To programs
95%
Net assets
$248K
By yearFY2020–FY2025
Revenue
$485K
FY2023▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$165K
FY2021$349K
FY2022$410K
FY2023$485K
FY2024$302K
FY2025$263K
Expenses
$456K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$239K
FY2021$331K
FY2022$413K
FY2023$456K
FY2024$351K
FY2025$306K
Net assets
$248K
FY2023▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$201K
FY2021$222K
FY2022$210K
FY2023$248K
FY2024$153K
FY2025$111K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Jan 2005.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $432K Management & general 5% · $23K

Form 990 Part IX, line 25, columns B–D. 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
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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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

Unites members for social events, recreation, and celebrating Polish heritage.

Questions for Pacc INC

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Provided by the organization

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1 program · in their own filed words · FY2023
01

Association and accomodation of the organizations members as a social club for pleasure, recreation, socialization, with the focus on the celebration of the polish heritage.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$485K
Ln 12
Fees for servicesLn 2g$457K
Gifts and grantsLn 1h$16K
Other incomeLn 4–11$11K
Money outPt IX
$456K
Ln 25
Programscol B$432K
Managementcol C$23K
Owns and owesPt X
$248K
net assets · Ln 32
Cash and savingsLn 1–2$156K
Total assetsLn 16$608K
LiabilitiesLn 26$360K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Fees for servicesLn 2g$457K
Investment incomeLn 3$350
Other incomeLn 4–11$11K
Total revenueLn 12$485K
Assets in detailPt X, end of year
CashLn 1$59K
SavingsLn 2$97K
Cash and savings togetherLn 1–2$156K
Land, buildings, equipmentLn 10c$435K
Total assetsLn 16$608K
LiabilitiesLn 26$360K
Net assetsLn 32$248K
OperationsPt I, VI
EmployeesI 514
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 FY23End FY23
Cash and savingsLn 1–2$115K$156K
Land, buildings, equipmentLn 10c$436K$435K
Total assetsLn 16$565K$608K
LiabilitiesLn 26$355K$360K
Net assetsLn 32$210K$248K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$73K$73K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$60$60
Office expensesLn 13$14K$14K
RoyaltiesLn 15$447$447
OccupancyLn 16$8K$8K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$30K$30K
InsuranceLn 23$28K$28K
Other expenses (24a–d)Ln 24$169K$169K
All other expensesLn 24e$105K$100K$5K
Total functional expensesLn 25$456K$432K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $263K$306K−$43K$111K 990 PDF
FY2024 $302K$351K−$48K$153K 990 PDF
FY2023 Viewing $485K$456K$29K$248K 990 PDF
FY2022 $410K$413K−$3K$210K 990 PDF
FY2021 $349K$331K$18K$222K 990 PDF
FY2020 $165K$239K−$74K$201K 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 FY2023 990 (6 parts)
Part I · Summary $484,655 revenue, 12 lines filed
I-8 Contributions and grants$16,390
I-9 Program service revenue$456,763
I-10 Investment income$350
I-11 Other revenue$11,152
I-12 Total revenue$484,655
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$79,149
I-16a Professional fundraising fees$0
I-17 Other expenses$376,369
I-18 Total expenses$455,518
I-19 Revenue less expenses$29,137
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $484,655 across 5 lines filed
Lines not itemized here account for $11,152 of total revenue; see the IRS return.
VIII-1b Membership dues$16,390
VIII-1h Total contributions, gifts and grants$16,390
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $248,588 · Unrelated business $208,175$456,763
VIII-3 Investment incomeRelated to mission $350$350
VIII-12 Total revenueRelated to mission $260,090 · Unrelated business $208,175$484,655
Part IX · Statement of functional expenses $455,518 across 12 lines filed
IX-7 Other salaries and wagesPrograms $73,159$73,159
IX-10 Payroll taxesPrograms $5,990$5,990
IX-11c Accounting feesManagement $4,541$4,541
IX-12 Advertising and promotionPrograms $60$60
IX-13 Office expensesManagement $13,977$13,977
IX-15 RoyaltiesPrograms $447$447
IX-16 OccupancyPrograms $8,158$8,158
IX-20 InterestPrograms $17,574$17,574
IX-22 Depreciation, depletion and amortizationPrograms $30,358$30,358
IX-23 InsurancePrograms $27,641$27,641
IX-24 Other expenses (24a–d)Programs $168,586$168,586
IX-24e All other expensesPrograms $100,345 · Management $4,682$105,027
IX-25 Total functional expensesPrograms $432,318 · Management $23,200 · Fundraising $0$455,518
Part X · Balance sheet $608,208 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $26,542$58,855
X-2 Savings and temporary cash investmentsStart of year $88,887$97,463
X-8 Inventories for sale or useStart of year $13,563$16,765
X-10c Land, buildings and equipment, netStart of year $436,315$435,125
X-16 Total assetsStart of year $565,307$608,208
X-17 Accounts payable and accrued expensesStart of year $1,377$4,800
X-19 Deferred revenueStart of year $2,700$3,950
X-24 Unsecured notes and loans payableStart of year $315,544$326,039
X-25 Other liabilitiesStart of year $35,612$25,571
X-26 Total liabilitiesStart of year $355,233$360,360
X-27 Net assets without donor restrictionsStart of year $121,187$152,464
X-28 Net assets with donor restrictionsStart of year $88,887$95,384
X-32 Total net assets or fund balancesStart of year $210,074$247,848
X-33 Total liabilities and net assetsStart of year $565,307$608,208
Part XI · Reconciliation of net assets $247,848 net assets at year end
XI-1 Total revenue$484,655
XI-2 Total expenses$455,518
XI-3 Revenue less expenses$29,137
XI-4 Net assets at start of year$210,074
XI-9 Other changes in net assets$8,637
XI-10 Net assets at end of year$247,848

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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