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Portland Olympic Club Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010498100 ✦ Portland, ME ✦ Designated as a 501(c)(3)

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Overview

What is Portland Olympic Club Inc?

Portland Olympic Club Inc is a nonprofit organization that focuses on preparing men and women to excel in international competitions, such as the World Olympics. Their primary activity revolves around providing training programs, which harness the potential of boxing as a source of income. Operating as an amateur sports competition organization, Portland Olympic Club Inc plays a significant role in fostering the skills and determination of aspiring athletes, contributing to the global athletic sphere.

Is Portland Olympic Club Inc legitimate?

Portland Olympic Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portland Olympic Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Portland Olympic Club Inc?

The Portland Olympic Club Inc is dedicated to preparing both men and women for participation in the World Olympics. Their primary objective is to nurture and develop these individuals as competitive athletes. Their activities include providing training programs and operating as an amateur sports competition organization. The club's initiatives, such as the boxing income program, contribute to this mission of fostering Olympic contenders. In essence, the Portland Olympic Club Inc aims to equip aspiring athletes with the skills and experience necessary to excel on the global stage of the World Olympics.

Who is the CEO of Portland Olympic Club Inc?

G Robert Russo is the President of Portland Olympic Club Inc.

What is the revenue of Portland Olympic Club Inc?

Portland Olympic Club Inc's revenue in 2022 was $205,394.

Who are the executives of Portland Olympic Club Inc and what are their salaries?

There 12 volunteers at Portland Olympic Club Inc.


Here are 6 key members and their salaries:


G Robert Russo (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Durward Ferland (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ivan Papkee (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Riggle (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Bals (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Quirk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Portland Olympic Club Inc?

Portland Olympic Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Portland Olympic Club Inc

Portland Olympic Club Inc, as a nonprofit organization, is dedicated to training both men and women to excel as competitors in the prestigious World Olympics. Its mission is centered around nurturing and honing the skills of individuals, providing them with the opportunity to showcase their talents on a global stage. The organization's programs encompass various aspects, including boxing, and it operates as an amateur sports competition organization. By offering these resources, Portland Olympic Club Inc aims to empower individuals to reach their full potential in the world of sports.

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Impact




October, 2024

Portland Olympic Club Inc plays a significant role in nurturing athletic talent and fostering a competitive spirit among aspiring Olympic athletes. By providing dedicated training programs for both men and women, the club focuses on preparing individuals for competition at the highest levels, specifically the World Olympics.

Through its emphasis on boxing, the club generates a unique income stream that supports its operations and helps sustain its training facilities and resources. The atmosphere at the Portland Olympic Club encourages discipline, teamwork, and perseverance, essential qualities for those pursuing Olympic-level competition.

Located in Portland, Maine, the club not only contributes to the local community by inspiring young athletes but also promotes an active lifestyle and a passion for sports. By investing in the development of future Olympic competitors, Portland Olympic Club Inc plays a vital role in elevating the standards of amateur sports and fostering a culture of excellence in athletic performance.




This information is meant to be a general summary of Portland Olympic Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$205,394 (2022)
Expenses
$179,696 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $107,094
  • Gross Receipts: $205,394

Assets and Liabilities:

  • Total Assets: $187,004
  • Total Liabilities: $0
  • Net Assets: $187,004

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Boxing income

Revenue

$107,094

Organization Details

Founding Year

2002

Principal Officer

G Robert Russo

Main Address

PO Box 644, Portland, ME, 041040644

NTEE Category

Code: N60 - Recreation

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