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Nonprofiteer
← MT VERNON KOC CLUB INC

Form 990 for tax year 2023

Filed by MT VERNON KOC CLUB INC.

Totals

Total revenue
$585,034
Total expenses
$439,630
Contributions and grants received
$318
Grants paid
$339,027
Program service revenue
$0
Investment income
$7,384
Other revenue
$577,332
Total assets, end of year
$1,441,570
Total liabilities, end of year
$65,650
Net assets or fund balances, end of year
$1,375,920
Program services expenses (Part IX)
$339,027
Management and general expenses
$100,603
Fundraising expenses
$0
Program service expenses (Part III)
$339,027

Program services were 77.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $318

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $7,384 · related or exempt $7,384 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $58,165 · personal property $0

  • 6b · Less rental expenses

    real property $58,877 · personal property $0

  • 6c · Rental income or loss

    real property -$712 · personal property $0

  • 6d · Net rental income or loss

    total -$712 · related or exempt $0 · unrelated business -$712 · excluded $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 9a · Gaming: gross income

    $3,005,579

  • 9b · Gaming: direct expenses

    $2,427,585

  • 9c · Net income from gaming

    total $577,994 · related or exempt $577,994 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $50 · related or exempt $50 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $50

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $339,027 · program services $339,027

  • 5 · Compensation of officers, directors and key employees

    total $8,719 · program services $0 · management and general $8,719

  • 10 · Payroll taxes

    total $590 · program services $0 · management and general $590

  • 11b · Fees: legal

    total $0 · program services $0

  • 11c · Fees: accounting

    total $34,015 · program services $0 · management and general $34,015

  • 13 · Office expenses

    total $15 · management and general $15

  • 16 · Occupancy

    total $9,814 · management and general $9,814

  • 20 · Interest

    total $56 · program services $0 · management and general $56

  • 22 · Depreciation, depletion and amortization

    total $37,704 · management and general $37,704

  • 23 · Insurance

    total $9,607 · management and general $9,607

  • 24a · Other expenses: Bank Charges

    total $83 · program services $0 · management and general $83 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $236,847 · end of year $265,710

  • 2 · Savings and temporary cash investments

    beginning of year $492,567 · end of year $571,077

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $18,606 · end of year $18,076

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $94,276

  • 10a · Land, buildings and equipment: cost or other basis

    $1,171,419

  • 10b · Land, buildings and equipment: accumulated depreciation

    $678,988

  • 10c · Land, buildings and equipment, net

    beginning of year $525,355 · end of year $492,431

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,155 · end of year $38,299

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $25,704 · end of year $27,351

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,230,516 · end of year $1,375,920

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

The Mount Vernon Columbus Club, Inc. is organized exclusively for charitable, religious, educational and scientific purposes, including for such purposes, the making of distributions to organizations

Activities or mission (Part I)

The Mount Vernon Columbus Club, Inc, is organized exclusively for charitable, religious, educational and scientific purposes, including the making of distributions to organizations for such purposes.

  • The Operation of Bingo Games for the purpose of maintaining the building and donating the net proceeds to Charities. The rental of the hall to individuals and charitable organizations for religious and community events and celebrations

    Expenses $339,027 · Grants $339,027 · Revenue $577,995

As filed on the 2023 return.

Listed in Part VII

  • Maddie Melendez

    Business Manager

    Total calculated
    $29,805
    From this org
    $29,805
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • Denise Enck

    Hospitality Manager

    Total calculated
    $16,240
    From this org
    $16,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Stephanie McCormick

    Hospitality Manager

    Total calculated
    $5,731
    From this org
    $5,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Richard Hayden

    Director

    Total calculated
    $0
    Hours/week
    10

  • Michael Murphy

    Director

    Total calculated
    $0
    Hours/week
    10

  • Marvin Spychaj

    Director

    Total calculated
    $0
    Hours/week
    10

  • Larry Dietrick

    Director

    Total calculated
    $0
    Hours/week
    20

  • John Dougherty

    Director

    Total calculated
    $0
    Hours/week
    10

  • John Michals

    Chairman

    Total calculated
    $0
    Hours/week
    10

  • Robert K Reynolds

    President

    Total calculated
    $0
    Hours/week
    10

  • Jason Rastovski

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • James McCracken

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Eugene Maggioncalda

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Maurice Chau

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    10

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202511229349300111

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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