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THE 50 CLUB OF CLEVELAND: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
THE 50 CLUB OF CLEVELAND (EIN 34-1406861)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-04-08
IRS object ID
202100989349300145
Schema version
2019v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-04-08T14:11:39-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN341912961PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COHEN & COMPANY LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1OFFICES LISTED ATAddressLine1Txt
CityWWWCOHENCPACOMCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44115ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN341406861EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE 50 CLUB OF CLEVELANDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name Control50CLBusinessNameControlTxt
Phone2164380878PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line129748 ROBERT STAddressLine1Txt
CityWICKLIFFECityNm
State AbbreviationOHStateAbbreviationCd
ZIP44092ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD STOVSKYPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2166213215PhoneNum
Signature2021-03-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCATHLEEN S LORENZPreparerPersonNm
PTINP00063640PTIN
Phone8002291099PhoneNum
Preparation2021-03-17PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRICHARD STOVSKYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line129748 ROBERT STAddressLine1Txt
CityWICKLIFFECityNm
State AbbreviationOHStateAbbreviationCd
ZIP44092ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$234,695GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2008FormationYr
Legal Domicile StateOHLegalDomicileStateCd
Activity Or MissionTO PROVIDE AN INFORMAL ORGANIZATION THROUGH WHICH CITIZENS WHO HAVE DEMONSTRATED THEIR LEADERSHIP IN GREATER CLEVELAND MAY BECOME BETTER INFORMED ON TOPICS OF LOCAL, NATIONAL, AND INTERNATIONAL INTEREST.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$253,500PYProgramServiceRevenueAmt
CY Program Service Revenue$234,350CYProgramServiceRevenueAmt
PY Investment Income$378PYInvestmentIncomeAmt
CY Investment Income$345CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$253,878PYTotalRevenueAmt
CY Total Revenue$234,695CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$25,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$35,877PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$35,631CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$203,496PYOtherExpensesAmt
CY Other Expenses$138,804CYOtherExpensesAmt
PY Total Expenses$239,373PYTotalExpensesAmt
CY Total Expenses$199,435CYTotalExpensesAmt
PY Revenues Less Expenses$14,505PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$35,260CYRevenuesLessExpensesAmt
Total Assets BOY$239,117TotalAssetsBOYAmt
Total Assets EOY$274,377TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$239,117NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$274,377NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE PURPOSE OF THE 50 CLUB OF CLEVELAND IS TO PROVIDE AN INFORMAL ORGANIZATION THROUGH WHICH CITIZENS WHO HAVE DEMONSTRATED THEIR LEADERSHIP IN THE BUSINESS, PROFESSIONAL OR CULTURAL LIFE OF GREATER CLEVELAND MAY COME TO KNOW ONE ANOTHER BETTER, MAY UNDERSTAND ONE ANOTHER'S POINTS OF VIEW AND MAY BECOME BETTER INFORMED ON PROBLEMS OF LOCAL, NATIONAL AND INTERNATIONAL INTEREST. IT IS THE POLICY OF THE CLUB NOT TO TAKE FORMAL POSITIONS OR UNDERTAKE OR SUPPORT ANY SPECIFIC PROJECTS BUT RATHER TO BE A RALLYING POINT WHERE PROBLEMS OF COMMON INTEREST MAY BE DISCUSSED AND INTERESTED MEMBERS MAY WORK TOGETHER, EITHER INFORMALLY OR UNDER A SEPARATE ORGANIZATION IN CARRYING FORWARD ANY PROJECT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$169,224ExpenseAmt
Grant$25,000GrantAmt
Revenue$234,350RevenueAmt
DescMEETINGS TO LEARN ABOUT AND DISCUSS ISSUES AND THEIR EFFECT ON GREATER CLEVELAND AND BEYOND.Desc
Total Program Service Expenses$169,224TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DEBRA CATALANOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2164380878PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line129748 ROBERT STAddressLine1Txt
CityWICKLIFFECityNm
State AbbreviationOHStateAbbreviationCd
ZIP44092ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DAVID LA RUE
PRESIDENT3.00Yes (X)Yes (X)$0$0$0
MICHELE CONNEL
FIRST VICE PRESIDENT3.00Yes (X)Yes (X)$0$0$0
RICHARD STROVSKY
TREASURER5.00Yes (X)Yes (X)$0$0$0
BARBARA SNYDER
DIRECTOR (UNTIL 6, 2020)1.00Yes (X)$0$0$0
CATHERINE KILBANE
DIRECTOR1.00Yes (X)$0$0$0
JULIE BOLAND
DIRECTOR1.00Yes (X)$0$0$0
PAUL CLARK
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES900099$219,350$219,350
GUEST AND OTHER FEES900099$15,000$15,000
FieldValueIRS element (for citing)
Total Program Service Revenue$234,350TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$345TotalRevenueColumnAmt
Exclusion$345ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$234,695TotalRevenueColumnAmt
Related Or Exempt Func Income$234,350RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$345ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$25,000TotalAmt
Program Services$25,000ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$35,631TotalAmt
Program Services$17,816ProgramServicesAmt
Management And General$17,815ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,000TotalAmt
Management And General$4,000ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,111TotalAmt
Management And General$7,111ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$126,408TotalAmt
Program Services$126,408ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,285TotalAmt
Management And General$1,285ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$199,435TotalAmt
Program Services$169,224ProgramServicesAmt
Management And General$30,211ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$239,117BOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$274,377EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$239,117BOYAmt
EOY$274,377EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$239,117BOYAmt
EOY$274,377EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$239,117BOYAmt
EOY$274,377EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$239,117BOYAmt
EOY$274,377EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$35,260ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1GREATER CLEVELAND FOOD BANK INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line115500 S WATERLOO RDAddressLine1Txt
CityCLEVELANDCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44110ZIPCd
FieldValueIRS element (for citing)
Recipient EIN341292848RecipientEIN
Cash Grant$25,000CashGrantAmt
Purpose Of GrantGENERAL PURPOSEPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION HAS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7APER THE ORGANIZATION'S CONSISTUTION.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION DOES NOT HAVE ANY COMMITTEES.
FORM 990, PART VI, SECTION B, LINE 11BTHE ADMINISTRATOR AND TREASURER DISCUSS THE PREPARATION OF THE FORM 990 WITH THE CPA FIRM PREPARING THE FORM 990 THROUGHOUT THE PREPARATION PROCESS, AND REVIEW THE FORM 990 PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST STATEMENT IS TO BE COMPLETED EACH YEAR. IT IS EXAMINED BY THE ENTIRE BOARD AND WHERE A CONFLICT EXISTS THE APPROPRIATE ACTIONS ARE TAKEN.
FORM 990, PART VI, SECTION B, LINE 15ATHE ADMINISTRATOR IS THE ONLY COMPENSATED POSITION. THE PRESIDENT AND TREASURER DISCUSS AND REVIEW THE COMPENSATION LEVEL OF THIS INDIVIDUAL ANNUALLY, AND, BASED UPON THEIR EXPERIENCE WITH NUMEROUS OTHER NOT FOR PROFIT ORGANIZATIONS AND BUSINESS IN GENERAL, DETERMINE THE APPROPRIATE AMOUNT OF ANNUAL COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.