570 Savoia

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

EIN: 250901396 ✦ Homer city, PA ✦ Designated as a 501(c)(8)

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Overview

What is 570 Savoia?

570 Savoia, situated in Homer City, Pennsylvania, serves as a Fraternal Organization. Its primary objective is to foster social interaction and entertainment among its members. The organization does not rely on external grants for funding, instead relying solely on income generated from its own membership base. With a small team of 10 employees, 570 Savoia organizes and sponsors activities to engage and connect with its members, ensuring a sense of community within the organization.

Is 570 Savoia legitimate?

570 Savoia is a legitimate nonprofit organization registered as a 501(c)(8) entity. 570 Savoia 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: $43,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of 570 Savoia?

570 Savoia, as a Fraternal Organization, primarily focuses on providing social interaction and leisure activities for its members. The organization does not rely on external grants and manages its finances through income generated from its members. The primary objective is to offer a platform for social engagement and entertainment, which is achieved through various club-sponsored activities. The organization's activities are mainly member-driven, fostering a sense of community and camaraderie among its members.

Who is the CEO of 570 Savoia?

Michael Kromer is the President of 570 Savoia.

What is the revenue of 570 Savoia?

570 Savoia's revenue in 2022 was $126,521.

Who are the executives of 570 Savoia and what are their salaries?

The average compensation at 570 Savoia during 2022 was $4,317. There are 10 employees at 570 Savoia.


Here are 3 key members and their salaries:


Katie Lovejoy (Treasurer)
  • Compensation: $5,862
  • Related: $0
  • Other: $0
Rick Roser (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Kromer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for 570 Savoia?

570 Savoia's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of 570 Savoia

570 Savoia, as a Fraternal Organization, is dedicated to fostering social connections and providing entertainment for its members. The club does not rely on grants for its operations and finances its activities solely through the income generated by its members. This is achieved through various club-sponsored events and activities, serving as a platform for its members to interact and engage with one another.

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Impact




October, 2024

570 Savoia plays a pivotal role in fostering community and social connectivity in Homer City, PA, through its activities at Club Savoy. By serving as a fraternal organization, it creates a welcoming environment where members can engage in social interactions and participate in entertaining events. This sense of camaraderie not only enriches the lives of its members but also strengthens the bonds within the local community.

The organization stands out by relying entirely on its members for income and expenses, which enhances the sense of ownership and pride among participants. This model encourages active involvement and ensures that the activities resonate with the interests of the community. By organizing club-sponsored events and recreational activities, 570 Savoia provides a vital space for leisure and interaction, contributing to the overall well-being and satisfaction of its members.

Overall, 570 Savoia impacts Homer City by creating a vibrant social hub that nurtures relationships and supports a joyful community spirit, promoting both recreation and meaningful connections among its members.




This information is meant to be a general summary of 570 Savoia. 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
$126,521 (2022)
Expenses
$146,866 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $267,776

Assets and Liabilities:

  • Total Assets: $158,979
  • Total Liabilities: $1,574
  • Net Assets: $157,405

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Organization Details

Founding Year

1992

Principal Officer

Michael Kromer

Main Address

PO Box 12, Homer City, PA, 15748

NTEE Category

Code: N03 - Recreation

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