CLUB ESPANA INC

EIN: 221928262 501(c)(3)

NEWARK, NJ

Total Revenue
$136,347
Total Expenses
$116,482
Total Assets
$279,326
Net Assets
$75,247
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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
NJ
Principal Officer
JUAN ALVAREZ
Phone
9735895544
Tax Period
2017-07-01 to 2018-06-30

CLUB ESPANA INC, founded in 1964, is a small nonprofit that reported $136K in total revenue in fiscal year 2017. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $116K left a modest 15% surplus.

Mission

TO PROMOTE EDUCATION IN GENERAL AMONG AMERICANS OF SPANISH DESCENT; MORE PARTICULARLY, TO STIMULATE AMONG SPANISH SPEAKING AMERICANS INTEREST IN THE IDEAL OF AMERICAN DEMOCRACY AND LOVE FOR THE BEAUTIFUL SPANISH TRADITIONS; AND MOST PARTICULARLY, TO EMPHASIZE THE FACT THAT AMERICAN PATRICTISM IS COMPLETELY CONSISTENT WITH RESPECT FOR SPANISH TRADITIONS AND TO THIS END, TO RAISE FUNDS FOR SCHOLARSHIPS FOR NEEDY STUDENTS; TO GATHER AND FURNISH STATISTICS TO THE STATE COMMISSIONER OF EDUCATION AND TO THE BOARDS OF EDUCATION OF VARIOUS MUNICIPALITIES WITH A SUBSTANTIAL POPULATION OF PEOPLE OF SPANISH ORIGIN TO CAMPAIGN FOR THE TEACHING OF SPANISH IN HIGH SCHOOLS; TO POINT OUT AND ENCOURAGE THE INCLUSION IN HISTORY BOOKS USED IN PUBLIC SCHOOLS THE CONTRIBUTIONS OF SPAIN TO THE HISTORY AND CULTURE OF THE AMERICAN PEOPLE WHICH, IN THE PAST AND PRESENT, HAVE BEEN UNDULY OMITTED; AND TO STIMULATE AND EVEN FINANCE TRAVEL BETWEEN SPAIN AND THE UNITED STATES, AND TO CEMENT A CLOSER RELATIONSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $36,963
Program Service Revenue $927
Investment Income $0
Other Revenue $98,457
TOTAL REVENUE $136,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,053
Fundraising Expenses $0
Program Expenses $2,014
Other Expenses $88,429
TOTAL EXPENSES $116,482

Year-over-Year Comparison

2017 2016 Change
Revenue $136,347 $215,053 -0.4%
Expenses $116,482 $228,059 -0.5%
Net Income $19,865 $-13,006 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUAN ALVAREZ PRESIDENT 20.00
Officer Director
$0 $0 $0
CARLOS RODRIGUEZ VICE PRESIDENT - UP TO 6/5/18 10.00
Officer Director
$0 $0 $0
ANA GARCIA VICE TREASURER 10.00
Officer Director
$0 $0 $0
BEATRIZ RODRIGUEZ SECRETARY 10.00
Officer Director
$0 $0 $0
JAVIER PARADA MAINTENANCE DIRECTOR 10.00
Director
$0 $0 $0
MONICA GARCIA CULTURAL DIRECTOR 10.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $136,347 $116,482 $279,326 $19,865
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