Societa Maria Ss Del Monte Carmelo Building Associ

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

EIN: 060540672 ✦ Enfield, CT ✦ Designated as a 501(c)(4)

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Overview

What is Societa Maria Ss Del Monte Carmelo Building Associ?

Societa Maria Ss Del Monte Carmelo Building Associates is a nonprofit organization situated in Enfield, Connecticut. Their primary focus is on providing aid to those in need, as well as supporting other civic and religious nonprofit organizations. They achieve this by donating funds and making their facilities available for use. In addition, any remaining cash after covering operating expenses is reinvested into their own 501(C)(4) activities and tax-exempt purposes. This organization serves as a significant contributor to the social welfare of its community.

Is Societa Maria Ss Del Monte Carmelo Building Associ legitimate?

Societa Maria Ss Del Monte Carmelo Building Associ is a legitimate nonprofit organization registered as a 501(c)(4) entity. Societa Maria Ss Del Monte Carmelo Building Associ 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 Societa Maria Ss Del Monte Carmelo Building Associ?

The Societa Maria Ss Del Monte Carmelo Building Associates, in its mission, provides assistance to those in need, offers its facilities to local non-profit organizations, donates funds to non-profit organizations, and reinvest any surplus funds after operating expenses into its own 501(C)(4) activities and tax-exempt purposes. This organization is dedicated to supporting the community and civic and religious non-profit organizations through financial aid and the provision of facilities. It is committed to making a positive impact in the lives of those in need and contributing to the work of various non-profit organizations.

Who is the CEO of Societa Maria Ss Del Monte Carmelo Building Associ?

Frank Troiano is the Vice President of Societa Maria Ss Del Monte Carmelo Building Associ.

What is the revenue of Societa Maria Ss Del Monte Carmelo Building Associ?

Societa Maria Ss Del Monte Carmelo Building Associ's revenue in 2022 was $101,451.

Who are the executives of Societa Maria Ss Del Monte Carmelo Building Associ and what are their salaries?


Here are 4 key members and their salaries:


Frank Vesce (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Palomba (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Troiano (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Sferrazza (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Societa Maria Ss Del Monte Carmelo Building Associ?

Societa Maria Ss Del Monte Carmelo Building Associ's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Societa Maria Ss Del Monte Carmelo Building Associ

Societa Maria Ss Del Monte Carmelo Building Associates, in its mission, extends aid to individuals in need, offers its facilities to local non-profit organizations, makes monetary donations to non-profit organizations, and reinvestms any excess funds after operating expenses into its own 501(c)(4) activities and tax-exempt purposes. In essence, this organization is committed to providing assistance to those in need, supporting local non-profit organizations, and contributing financially to various civic and religious non-profit organizations, while also investing in its own charitable activities and purposes. Its mission is centered around alleviating hardships, fostering community partnerships, and promoting philanthropic initiatives.

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Impact




October, 2024

Societa Maria Ss Del Monte Carmelo Building Association plays a pivotal role in enhancing the well-being of the community in Enfield, CT. By providing crucial assistance to needy citizens, it addresses immediate social and economic challenges faced by vulnerable populations. The organization not only allocates its resources to support individuals in need but also opens its facilities for local nonprofits, fostering collaboration and strengthening community ties.

Moreover, through financial contributions to various civic and religious nonprofit organizations, it enhances the impact of other community initiatives. The reinvestment of cash after operating expenses into its own activities further amplifies its mission of community improvement, ensuring sustained support for tax-exempt purposes and local programs. This multifaceted approach allows Societa Maria Ss Del Monte Carmelo Building Association to create a positive ripple effect within the community, driving significant social and economic change.




This information is meant to be a general summary of Societa Maria Ss Del Monte Carmelo Building Associ. 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
$101,451 (2022)
Expenses
$102,150 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $29,835
  • Program Service Revenue: $45,319
  • Gross Receipts: $228,373

Assets and Liabilities:

  • Total Assets: $1,113,172
  • Total Liabilities: $5,832
  • Net Assets: $1,107,340

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Programs

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

Hall RentalS

Revenue

$13,125

Hall catering revenue

Revenue

$1,673

Special dinners Events

Revenue

$7,836

Bingo kitchen

Revenue

$2,377

Other events

Revenue

$20,308

Organization Details

Founding Year

1926

Principal Officer

Frank Troiano

Main Address

93 PARK AVENUE, Enfield, CT, 06082

NTEE Category

Code: S03 - Community improvement

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