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Nonprofiteer
← MT VERNON KOC CLUB INC

Form 990 for tax year 2022

Filed by MT VERNON KOC CLUB INC.

Totals

Total revenue
$620,716
Total expenses
$483,744
Contributions and grants received
$10,220
Grants paid
$345,974
Program service revenue
$0
Investment income
$1,736
Other revenue
$608,760
Total assets, end of year
$1,273,375
Total liabilities, end of year
$42,859
Net assets or fund balances, end of year
$1,230,516
Program services expenses (Part IX)
$357,031
Management and general expenses
$126,713
Fundraising expenses
$0
Program service expenses (Part III)
$357,031

Program services were 73.8% 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

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $10,220

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $1,736 · related or exempt $1,736 · 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 $56,599 · personal property $0

  • 6b · Less rental expenses

    real property $60,178 · personal property $0

  • 6c · Rental income or loss

    real property -$3,579 · personal property $0

  • 6d · Net rental income or loss

    total -$3,579 · related or exempt $0 · unrelated business -$3,579 · excluded $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 9a · Gaming: gross income

    $3,107,759

  • 9b · Gaming: direct expenses

    $2,495,420

  • 9c · Net income from gaming

    total $612,339 · related or exempt $612,339 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $345,974 · program services $345,974

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $21,561 · program services $10,780 · management and general $10,781

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

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

  • 8 · Pension plan contributions

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

  • 9 · Other employee benefits

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

  • 10 · Payroll taxes

    total $554 · program services $277 · management and general $277

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $523 · program services $0 · management and general $523 · fundraising $0

  • 11c · Fees: accounting

    total $56,141 · program services $0 · management and general $56,141 · fundraising $0

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

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

  • 13 · Office expenses

    total $34 · program services $0 · management and general $34 · fundraising $0

  • 16 · Occupancy

    total $7,489 · management and general $7,489

  • 20 · Interest

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

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

    total $41,538 · program services $0 · management and general $41,538 · fundraising $0

  • 23 · Insurance

    total $3,294 · program services $0 · management and general $3,294 · fundraising $0

  • 24a · Other expenses: Repairs & Maintenance

    total $6,590 · program services $0 · management and general $6,590 · fundraising $0

  • 24b · Other expenses: Bank Fees

    total $46 · program services $0 · management and general $46 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $398,177 · end of year $236,847

  • 2 · Savings and temporary cash investments

    beginning of year $161,175 · end of year $492,567

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $5,762 · end of year $18,606

  • 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 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $1,166,639

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

    $641,284

  • 10c · Land, buildings and equipment, net

    beginning of year $572,582 · end of year $525,355

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,660 · end of year $17,155

  • 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

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $10,220 · end of year $25,704

  • 25 · Other liabilities

    beginning of year $6,388 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,111,428 · end of year $1,230,516

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

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 for such purposes, the making of distributions to organizations.

  • 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 $357,031 · Revenue $949,286

As filed on the 2022 return.

Listed in Part VII

  • Jeanne Belmonte

    Special Events Manager

    Total calculated
    $48,538
    From this org
    $48,538
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

    Schedule J breakdown matched by us

    Base
    $48,538
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $48,538

  • Kathleen Chau

    Special Events Manager

    Total calculated
    $14,209
    From this org
    $14,209
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

    Schedule J breakdown matched by us

    Base
    $14,209
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $14,209

  • Maddie Melendez

    Business Manager

    Total calculated
    $8,549
    From this org
    $8,549
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

    Schedule J breakdown matched by us

    Base
    $8,549
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $8,549

  • Denise Enck

    Hospitality Manager

    Total calculated
    $2,281
    From this org
    $2,281
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

    Schedule J breakdown matched by us

    Base
    $2,281
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $2,281

  • Eileen Young

    Business Manager

    Total calculated
    $1,328
    From this org
    $1,328
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

    Schedule J breakdown matched by us

    Base
    $1,328
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $1,328

  • Mark Busse

    Director

    Total calculated
    $0
    Hours/week
    2

  • John Hannon

    Director

    Total calculated
    $0
    Hours/week
    2

  • Eugene Maggioncalda

    Director

    Total calculated
    $0
    Hours/week
    2

  • Larry Dietrick

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael Argo

    Chairman

    Total calculated
    $0
    Hours/week
    10

  • Michael Murphy

    President

    Total calculated
    $0
    Hours/week
    10

  • Robert K Reynolds

    Vice President

    Total calculated
    $0
    Hours/week
    8

  • Jason Rastovski

    Treasurer

    Total calculated
    $0
    Hours/week
    8

  • Marvin Spychaj

    Secretary

    Total calculated
    $0
    Hours/week
    8

  • Brian Green

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    8

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
The organization is volunteer run. The key employee compensation is agreed to by the volunteer board of directors.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2022
Filed
21 February 2024
IRS schema version
2022v5.0
Source object
202430529349301003

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

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