The Acorn Club

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

EIN: 230328940 ✦ Philadelphia, PA ✦ Designated as a 501(c)(7)

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Overview

What is The Acorn Club?

The Acorn Club is a perpetual nonprofit organization, established with the primary purpose of fostering literary, musical, and artistic interests, as well as providing opportunities for social enjoyment. The club has the freedom to expand its objectives as needed, continually adapting to new interests and needs. While specific details about its activities and programs are not provided, the general mission of The Acorn Club is to promote cultural appreciation and social engagement.


Official website here: www.acornclub.org

Is The Acorn Club legitimate?

The Acorn Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Acorn Club 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: $185,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.acornclub.org

What is the mission statement of The Acorn Club?

The Acorn Club, as a perpetual organization, is established for the purpose of fostering an appreciation for literature, music, and the arts. Additionally, it serves to provide opportunities for social enjoyment and engagement. The club has the flexibility to determine and pursue other related purposes at its discretion, expanding its scope and activities over time.


Official website here: www.acornclub.org

Who is the CEO of The Acorn Club?

Nancy R Newman is the Governor of The Acorn Club.


Official website here: www.acornclub.org

What is the revenue of The Acorn Club?

The Acorn Club's revenue in 2022 was $1,525,048.


Official website here: www.acornclub.org

Who are the executives of The Acorn Club and what are their salaries?

The average compensation at The Acorn Club during 2022 was $5,982. There are 31 employees and 12 volunteers at The Acorn Club.


Here are 13 key members and their salaries:


Alice Chase (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Christoph (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kira Bryers (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Mason (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Salvo (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Ward (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marty Morse (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Gagne (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Wolcott (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luisa Rabe (Assistant Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alice Bullitt (Corresponding Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Hilton (Recording Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Gallagher (Club Manager)
  • Compensation: $185,440
  • Related: $0
  • Other: $15,601


Official website here: www.acornclub.org

Where can I find the form 990 for The Acorn Club?

The Acorn Club's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.acornclub.org

Learn more at the official website: www.acornclub.org

Mission Statement of The Acorn Club

The Acorn Club, established as a perpetual entity, is dedicated to fostering a nurturing environment for the cultivation and appreciation of literary, musical, and artistic pursuits. Moreover, this esteemed organization serves to provide opportunities for social enjoyment and engages in various kindred activities. The mission of The Acorn Club is flexible, allowing it to evolve and determine the specific purposes it deems suitable at different points in time.

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Impact




October, 2024

The Acorn Club significantly enriches the cultural landscape of Philadelphia by fostering literary, musical, and artistic pursuits. Its commitment to promoting these artistic expressions provides a nurturing environment for creativity and social engagement. Through a variety of programming and events, the club creates opportunities for members to connect, collaborate, and share their passions. This vibrant space not only enhances the artistic tastes of its members but also contributes to the broader artistic community by encouraging appreciation for the arts. Its enduring presence serves as a cornerstone for social enjoyment and cultural enrichment, benefiting residents and visitors alike.




This information is meant to be a general summary of The Acorn Club. 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
$1,525,048 (2022)
Expenses
$1,330,669 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $126,925
  • Program Service Revenue: $1,568,829
  • Gross Receipts: $2,165,091

Assets and Liabilities:

  • Total Assets: $6,393,582
  • Total Liabilities: $682,422
  • Net Assets: $5,711,160

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Programs

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

DUES

Revenue

$1,296,350

SPECIAL FUND INCOME

Revenue

$107,941

INITIATION FEES

Revenue

$84,723

ENTERTAINMENT INCOME

Revenue

$60,285

BEDROOM RENTALS

Revenue

$19,530

Organization Details

Founding Year

1889

Principal Officer

Nancy R Newman

Main Address

1519 LOCUST ST, PHILADELPHIA, PA, 191023707

NTEE Category

Code: N60 - Recreation

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