American Business Club Inc

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

EIN: 750736611 ✦ Lubbock, TX ✦ Designated as a 501(c)(4)

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Overview

What is American Business Club Inc?

American Business Club Inc, based in Lubbock, Texas, primarily focuses on supporting local charities and individuals with disabilities. They offer scholarships for physical therapists and provide funding to various organizations within their community. Moreover, the nonprofit organization is notably known for its after-school programs, serving approximately 4,000 boys and girls through Boys & Girls Clubs of Lubbock. Their mission extends beyond financial aid, also providing essential services to individuals with physical disabilities.

Is American Business Club Inc legitimate?

American Business Club Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. American Business Club 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of American Business Club Inc?

The American Business Club Inc's mission is centered around providing assistance. They focus on funding individuals with disabilities, as well as supporting local charities. In line with this mission, they offer scholarships for physical therapists. Additionally, the organization provides services to individuals with physical disabilities, extending their aid to various local charities as well. The American Business Club Inc's activities are aimed at making a positive impact in these areas.

Who is the CEO of American Business Club Inc?

Caleb Shafer is the President of American Business Club Inc.

What is the revenue of American Business Club Inc?

American Business Club Inc's revenue in 2022 was $100,013.

Who are the executives of American Business Club Inc and what are their salaries?


Here are 4 key members and their salaries:


Scott S Peterson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benny Bennett (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daphne Weldon-Fetsch (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caleb Shafer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for American Business Club Inc?

American Business Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of American Business Club Inc

American Business Club Inc, a renowned organization, is committed to two primary objectives. Firstly, it dedicates its resources to funding individuals with disabilities, providing scholarships for physical therapists, and supporting various local charities. By doing so, the club seeks to uplift and empower individuals who may face challenges due to their physical disabilities.

Secondly, the organization extends its services beyond disability support, also contributing to local charities. This broad-spectrum approach allows American Business Club Inc to make a significant impact on its community. By providing services for those with physical disabilities and supporting local charities, the club demonstrates its commitment to fostering a more inclusive and supportive society.

In practical terms, American Business Club Inc supports approximately 4,000 children through after-school programs affiliated with Boys & Girls Clubs Lubbock. This initiative underscores the organization's dedication to nurturing and empowering young minds, ensuring they have access to enriching activities beyond the classroom. The club's multifaceted approach to charitable work makes it a valuable contributor to its community, addressing various social needs and promoting a more equitable society.

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Impact




October, 2024

American Business Club Inc plays a vital role in enhancing the lives of individuals with disabilities and supporting local communities. By providing funding for people with disabilities and scholarships for physical therapists, the organization directly addresses the needs of these underserved groups.

The club’s contributions extend to local charities, fostering a spirit of cooperation and community support. In Lubbock, Texas, its partnership with the Boys & Girls Clubs serves approximately 4,000 children in after-school programs, offering recreational and developmental opportunities that significantly impact youth welfare.

Through its mission to provide services for individuals with physical disabilities, American Business Club Inc not only promotes inclusivity but also empowers individuals, helping them to achieve greater independence and improved quality of life. The emphasis on recreation further enhances community engagement and enhances overall well-being for many.




This information is meant to be a general summary of American Business Club 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.

Revenue
$100,013 (2022)
Expenses
$34,445 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $370
  • Gross Receipts: $335,529

Assets and Liabilities:

  • Total Assets: $313,699
  • Total Liabilities: $0
  • Net Assets: $313,699

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Organization Details

Founding Year

1943

Principal Officer

Caleb Shafer

Main Address

PO BOX 64213, LUBBOCK, TX, 79464

NTEE Category

Code: N50 - Recreation

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