Overview
What is Town Club - Portsmouth Inc?
Town Club - Portsmouth Inc is a local social club situated in Portsmouth and its surrounding areas. The primary purpose of this organization is to provide a platform for citizens to share their perspectives on the city's business, social, and cultural matters. They generate revenue through the sale of alcohol. The club serves as a space where community members can engage in discussions and fosters a sense of camaraderie among its members.
Is Town Club - Portsmouth Inc legitimate?
Town Club - Portsmouth Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Town Club - Portsmouth 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: $650
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Town Club - Portsmouth Inc?
Town Club - Portsmouth Inc, functioning as a social club, serves to foster discussions among the citizens of a city and its surroundings, focusing on business, social, and cultural matters within the urban landscape. The primary objective of the club is to provide a platform for expressing diverse perspectives. The club's income source primarily stems from the sale of alcohol.
What is the revenue of Town Club - Portsmouth Inc?
Town Club - Portsmouth Inc's revenue in 2024 was $251,064.
Who are the executives of Town Club - Portsmouth Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Town Club - Portsmouth Inc?
Town Club - Portsmouth Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Town Club - Portsmouth Inc
Town Club - Portsmouth Inc serves as a social hub, inviting citizens from Portsmouth and its surrounding areas to engage in discourses surrounding the city's economic, social, and cultural developments. The organization's primary objective is to foster an environment where individuals can freely express their views and perspectives on these topics. Town Club - Portsmouth Inc generates income through the sale of alcohol, which contributes to its financial sustainability. In essence, the club functions as a platform for civic engagement and interaction, promoting open dialogue and community involvement.
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Impact
October, 2024
Town Club - Portsmouth Inc plays a significant role in fostering community engagement in Portsmouth and its surrounding areas. By providing a platform for citizens to express their views on local issues, cultural events, and social matters, the club serves as a hub for dialogue and connection. This environment encourages residents to share insights and perspectives, enriching the community's understanding of key topics that affect local life.
As a social club, Town Club also contributes to the local economy through its operations, generating income through the sale of alcohol. This revenue supports not only the club's activities but also stimulates various aspects of Portsmouth's social landscape, enhancing the recreational options available to residents. Through its mission, Town Club - Portsmouth Inc creates a vibrant atmosphere for social interaction, community building, and cultural exchange, ultimately strengthening the bonds that tie residents together.
This information is meant to be a general summary of Town Club - Portsmouth 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 2024.
- Gross Receipts: $267,264
Assets and Liabilities:
- Total Assets: $53,545
- Total Liabilities: $36,036
- Net Assets: $17,509
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Organization Details
Founding Year
1975
Principal Officer
Micheal Wilson
NTEE Category
Code: N50 - Recreation
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