Overview
What is Spee Club Inc?
Spee Club Inc, located at 76 Mount Auburn Street, Cambridge, Massachusetts, serves as a social hub for current students, graduates, and alumni of a university. This nonprofit organization maintains a historical building, providing an environment for individuals to socialize and reconnect with their university. The club's activities primarily cover the expenses of dinners and the upkeep of the building. In 2019, Spee Club initiated the issuance of scholarships, offering financial aid and work-study opportunities to students. As of the fiscal year ending 2022, the total value of these scholarships amounted to $35,327.13. With a small team of 15 dedicated individuals, Spee Club Inc plays a significant role in fostering a sense of community among its members, contributing to their university experience beyond the academic sphere.
Is Spee Club Inc legitimate?
Spee Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Spee 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: $168,412
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What is the mission statement of Spee Club Inc?
Spee Club Inc's mission is centered around fostering connections between current undergraduates, graduates, and alumni, as well as maintaining ties with their university. The social club serves as a platform for these individuals to interact and reconnect with their alma mater. The club's activities, including membership dues, sponsorships, and fundraising events, contribute towards covering the expenses associated with hosting dinners and maintaining the club's building. Since 2019, Spee Club has also initiated the practice of issuing scholarships in the form of financial aid and work-study programs. In fiscal year 2022, the total value of these scholarships distributed amounted to $35,327.13.
Who is the CEO of Spee Club Inc?
Clarence Ndubisi is the President of Spee Club Inc.
What is the revenue of Spee Club Inc?
Spee Club Inc's revenue in 2022 was $637,273.
Who are the executives of Spee Club Inc and what are their salaries?
The average compensation at Spee Club Inc during 2022 was $11,227. There are 15 employees at Spee Club Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Spee Club Inc?
Spee Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spee Club Inc
Spee Club Inc, a social organization, is committed to maintaining a connection between undergraduate and graduate students, alumni, and their university. The primary mission of this club is to serve as a platform for current students and alumni to reconnect with their alma mater by providing opportunities for socialization. Spee Club Inc covers the expenses related to dinners and the upkeep of its historical building, which serves as the setting for these social gatherings. The club's membership fees, sponsorships, and other contributions contribute to this endeavor.
In 2019, Spee Club Inc expanded its mission by introducing a scholarship program. This initiative, funded through financial and work-study awards, aims to support students financially during their academic journey. The total value of scholarships awarded during the fiscal year ending 2022 was $35,327.13. By providing both social and financial assistance, Spee Club Inc endeavors to contribute positively to the lives of its members and the university community.
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Impact
October, 2024
Spee Club Inc has fostered a vibrant community that strengthens connections among students, graduates, and alumni from their university. By facilitating social events and providing a welcoming space, the club creates an atmosphere where members can share experiences and maintain lifelong relationships.
Financially, Spee Club contributes significantly to the education of current undergraduates through scholarships, including both financial assistance and work-study programs. In the fiscal year ending 2022, the total value of scholarships awarded was over $35,000, directly supporting the academic journeys of students.
The historical building that houses the club not only serves as a physical venue but also enriches the cultural heritage of the university. With its upkeep funded by membership dues and sponsorships, the club ensures a sustained environment where members can gather for meals and events, enhancing their social experience.
Overall, Spee Club Inc’s impact lies in its ability to create a sense of belonging, promote academic advancement, and preserve the connections that are vital to the university experience.
This information is meant to be a general summary of Spee 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $19
- Program Service Revenue: $439,394
- Gross Receipts: $637,273
Assets and Liabilities:
- Total Assets: $593,548
- Total Liabilities: $93,864
- Net Assets: $499,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSE
Revenue
$359,742
INITIATION
Revenue
$58,970
SPECIAL EVNET INCOME
Revenue
$10,221
RESTAURANT
Revenue
$9,261
INSIGNIA SALES
Revenue
$1,200
Organization Details
Founding Year
1986
Phone
(617) 576-0525Principal Officer
Clarence Ndubisi
Main Address
76 MOUNT AUBURN STREET, CAMBRIDGE, MA, 02138
NTEE Category
Code: N50 - Recreation
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