Overview
What is Bigelow Weavers Assoc Inc?
Bigelow Weavers Assoc Inc is a community-focused nonprofit organization situated in Amsterdam, New York. Their primary source of income stems from bar sales, membership dues, and profits generated from a pull tab machine. In compliance with New York State law, one-third of their earnings are allocated towards charitable causes. The organization's main activity revolves around fostering a sense of community and social interaction among its members. With a modest workforce of three individuals, Bigelow Weavers Assoc Inc contributes to the local area through its fraternal and charitable endeavors.
Is Bigelow Weavers Assoc Inc legitimate?
Bigelow Weavers Assoc Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Bigelow Weavers Assoc 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: $39,392
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,847
For more financial information, click here
What is the mission statement of Bigelow Weavers Assoc Inc?
Bigelow Weavers Assoc Inc operates as a social and fraternal organization, primarily generating income from bar sales and games of chance. By New York State law, one third of the profits from these activities must be donated to charitable organizations. The organization's mission is centered around social and fraternal activities, with funds raised primarily from bar sales and chance games. A portion of these earnings is dedicated to charitable causes, as mandated by the state legislation. The organization does not engage in food sales.
Who is the CEO of Bigelow Weavers Assoc Inc?
Michael Sampone is the House Manager of Bigelow Weavers Assoc Inc.
What is the revenue of Bigelow Weavers Assoc Inc?
Bigelow Weavers Assoc Inc's revenue in 2022 was $159,214.
Who are the executives of Bigelow Weavers Assoc Inc and what are their salaries?
The average compensation at Bigelow Weavers Assoc Inc during 2022 was $21,746. There are 3 employees and 10 volunteers at Bigelow Weavers Assoc Inc.
Here are 8 key members and their salaries:
- Compensation: $39,392
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bigelow Weavers Assoc Inc?
Bigelow Weavers Assoc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bigelow Weavers Assoc Inc
Bigelow Weavers Assoc Inc, a social and fraternal organization, primarily operates on revenue generated from bar sales and games of chance, specifically from a pull tab machine. In accordance with New York State law, one-third of the profits earned from these activities must be donated to charitable causes. The organization's primary mission is centered around social and fraternal activities, with bar sales being its main source of income. It does not engage in food sales as part of its operations. The organization's income is further supplemented by membership dues and winnings from games of chance. The pull tab machine plays a significant role in its revenue generation, contributing to its overall financial stability. The organization adheres to the legal requirement of donating a portion of its profits to charitable causes, demonstrating its commitment to giving back to the community.
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Impact
October, 2024
Bigelow Weavers Assoc Inc plays a significant role in its community through its activities as a social and fraternal organization. By providing a gathering space for local residents, it fosters connections and a sense of belonging among members. The organization operates predominantly through bar sales and membership dues, creating a welcoming environment for social interactions and camaraderie.
Moreover, the association contributes to the local economy by generating revenue from games of chance, including a pull tab machine. As mandated by New York State law, one-third of the profits from these games must be donated to charitable organizations, resulting in direct financial support for various community initiatives. This commitment to giving back enhances its impact beyond just providing a social venue, as it actively participates in philanthropic efforts that benefit the wider Amsterdam community.
Through these various means, Bigelow Weavers Assoc Inc not only enriches the lives of its members but also plays a vital role in supporting local charities and promoting community engagement.
This information is meant to be a general summary of Bigelow Weavers Assoc 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: $150
- Gross Receipts: $449,439
Assets and Liabilities:
- Total Assets: $254,448
- Total Liabilities: $0
- Net Assets: $254,448
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Organization Details
Founding Year
1945
Phone
(518) 212-5200Principal Officer
Michael Sampone
Main Address
28 Brookside Ave, Amsterdam, NY, 12010
NTEE Category
Code: Y40 - Mutual benefit
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