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Nonprofiteer
← LIDO CIVIC CLUB CHARITIES INC

Form 990 for tax year 2023

Filed by LIDO CIVIC CLUB CHARITIES INC.

Totals

Total revenue
$179,304
Total expenses
$197,863
Contributions and grants received
$49,869
Grants paid
$177,260
Program service revenue
$0
Investment income
$29,231
Other revenue
$100,204
Total assets, end of year
$1,360,965
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,360,965
Program services expenses (Part IX)
$177,260
Management and general expenses
$20,603
Fundraising expenses
$0
Program service expenses (Part III)
$177,260

Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $37,460

  • 1c · Fundraising events

    $1,600

  • 1f · All other contributions, gifts and grants

    $10,809

  • 3 · Investment income

    total $25,630 · excluded $25,630

  • 7a · Gross sales of assets other than inventory

    other assets $3,601

  • 7c · Gain or loss

    other assets $3,601

  • 7d · Net gain or loss

    total $3,601 · excluded $3,601

  • 8a · Fundraising events: gross income

    $327,660

  • 8a · Fundraising events: contributions included on line 1c

    $1,600

  • 8b · Fundraising events: direct expenses

    $227,456

  • 8c · Net income from fundraising events

    total $100,204 · excluded $100,204

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,260 · program services $54,260

  • 2 · Grants to domestic individuals

    total $123,000 · program services $123,000

  • 11b · Fees: legal

    total $1,490 · management and general $1,490

  • 11c · Fees: accounting

    total $2,165 · management and general $2,165

  • 12 · Advertising and promotion

    total $7,258 · management and general $7,258

  • 13 · Office expenses

    total $8,911 · management and general $8,911

  • 23 · Insurance

    total $779 · management and general $779

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $330,737 · end of year $283,043

  • 11 · Investments: publicly traded securities

    beginning of year $943,819 · end of year $1,077,922

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,274,556 · end of year $1,360,965

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES AND PROVIDES MONETARY ASSISTANCE TO CHARITABLE ORGANIZATIONS IN NEED DUE TO EVENTS OR NATURAL DISASTERS THAT DIRECTLY AFFECT THE LIVES OF PEOPLE WITHIN THE COMMUNITY.

  • THE ORGANIZATION PROVIDED GRANTS AND CONTRIBUTIONS INCLUDING FUNDING TO THE FOLLOWING EXEMPT ORGANIZATIONS: WOUNDED WARRIOR PROJECT, OTHER CHARITABLE ORGANIZATIONS AND ITALIAN CULTURAL SUPPORT.

    Expenses $177,260 · Grants $177,260

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph Barone

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Arthur Del Buono

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joseph Lafonte

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael Montanti

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202423189349311832

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